Cryptocurrencies are one of the most traded digital products. Due to their high market cap, investments are made by buying and selling these cryptocurrencies.
In 2021, there have been a lot of fluctuations and dips in the cryptocurrency market. However, a level of stability has been recorded in recent times.
Below are the best cryptocurrencies to invest in, in 2021 according to their market cap as of 3rd July 2021.
This was the first ‘created’ cryptocurrency, Its market cap is currently over $640 billion and in June 2021, the price of one Bitcoin was over $32,000.
Bitcoin is a widely accepted and most traded cryptocurrency, ran through a blockchain technology that ensures the safety of its traders.
Another popular and secure cryptocurrency, Ethereum also has its blockchain platform. The non-fungible token (NFT) offered by Ethereum has made it a favourite among traders.
Ethereum price has also improved greatly from what it was when it entered the market as its market cap now worths over $200 billion.
This cryptocurrency has a unique feature as it is backed by two fiat currencies, the US dollar and the Euro, Tether is a stable coin.
Also read, Best Altcoins to invest in 2021
Due to this enviable position of tether, it has a lesser volatility rate and is a safe investment option for wary traders. Tether currently has a market cap of about $62 billion.
This cryptocurrency uses smart contracts and it’s also notable for proof-of-stake validation. This cryptocurrency is a safe investment plan in 2021.
Cardano’s market cap is currently over $43 billion. Founded in 2017, Cardano has greatly appreciated in worth.
Binance Coin (BNB)
The Binance coin was initially used to make payments on the Binance platform, one of the biggest exchanges in the world.
Now, it is used for all forms of trades on various exchanges. Binance coin as of July 3rd has a market cap of about $43 billion.
Dogecoin is another investment-worthy cryptocurrency, with its current market cap at $31.54 billion. Dogecoin has grown to be one of the most talked-about cryptocurrencies since its introduction in 2013.
Also read, Top Penny Cryptocurrencies to invest in 2021
With a market cap of $29 billion, XRP is another good investment choice. XRP can be used to facilitate exchanges from cryptocurrency to other cryptocurrencies, or fiat currency.
USD Coin (USDC)
This cryptocurrency is another that occupies the stable coin position. It is backed by the US dollar and powered by Ethereum.
The USDC can be used for transactions globally as it is widely accepted, its current market cap is at $25.22 billion as of 3rd July 2021. Hence, it is a good investment choice.
This cryptocurrency is a safe investment option for 2021, with its current market cap at over $14 billion. Polkadot has experienced impressive growth since its launch in 2020.
Binance USD (BUSD)
This is another stable coin backed by the US dollar. BUSD was developed in partnership with Paxos and is valued at 1 BUSD for 1 dollar.
BUSD’s current market cap is over $10 billion, this makes it a good investment option for 2021.
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