Cryptocurrencies are all the craze! From Dogecoin to Bitcoin, everyone believes that cryptocurrencies will become the world’s new and improved monetary system.
Here are the top 10 cryptocurrencies of 2021 based on their market capitalization.
This one is not a shock to many people as this currency has been around for several years. Their current market capitalization is $615.61 billion. It has been incredibly unstable, especially in recent months. Yet, it is the most substantial cryptocurrency, and many watch it as an example for the rest of the market.
This is a currency supported by the Ethereum platform, and it currently has about $290.32 billion in market capitalization. It is a strong contender against Bitcoin and incredibly unstable and decentralized, making it more volatile in the market.
With the support of traditional fiat currencies, this cryptocurrency is currently at a market capitalization of $62.32 billion. It was first called the Real coin and launched in 2014. In recent years, it has even extended its reach into other blockchains such as the Avalanche blockchain.
4. Binance Coin
With a market capitalization of $53.39 billion, this cryptocurrency saw a significant increase in its value at the beginning of 2021. It began to challenge Bitcoin and Ethereum but has not quite reached the same level of market cap. Elon Musk’s recent comments have also impacted this coin, but it continues to bounce back after these situations.
This cryptocurrency is quite similar to Ethereum but only has $48.88 billion in market capitalization. Nevertheless, this altcoin is a top choice for big-name crypto investors, and the value surged recently up to ten times its weight in 2020.
This coin began as a meme but took the cryptocurrency by storm. It has a market capitalization of $41.90 billion, and Elon Musk was a big booster of the coin, constantly sharing his thoughts and his remarks on the currency.
This cryptocurrency runs on the XRP ledger, and it is unfortunately not performing well in recent months. Despite their market capitalization of $39.53 billion, their price fell 10.77% in a single day. This was the largest since its birth, and the cryptocurrency also has a tough battle with the US Securities and Exchange Commission.
8. USD Coin
This is a stable count valued at $1 and currently has a market capitalization of $23.04 billion. This helps people sell their crypto assets and get fiat currencies instead. This is how many investors use USDC to interact with other decentralized financial programs.
This cryptocurrency has a market capitalization of $19.96 billion, and it was created by one of Ethereum’s co-founders in 2020. It has been compared to Bitcoin and Ethereum but boasts the ability to process more transactions quicker.
10. Uniswap (UNI)
As part of the Ethereum blockchain, this is one of the more unique options for cryptocurrency investors. Of course, there are concerns that it might encounter some issues, but it currently has $13.40 billion in market capitalization and uses a new trading model called the automated liquidity protocol.
At Solutiontales we make it easy to understand the throes of cryptocurrencies. Remember, a wise investor can make money in a bull or bear market when given the right data.