Cryptocurrencies that You Can Buy in 2021
2021 has witnessed solid price surges concerning various altcoins. In addition, several cryptocurrencies are showing an unprecedented boom in prices. As a result, there is a prevalent tendency to go beyond bitcoin and explore other cryptocurrencies. Here is a glimpse into the most trending cryptocurrencies in 2021.
Bitcoin, as always, continues to occupy the top position among the most popular cryptocurrencies in May 2021. Bitcoin was recently at a record high of $63,000. It was an excellent accomplishment for bitcoin to reach nearly 64800 towards mid-April 2021. However, there has been a reversal lower from this value since then. Yet, if bitcoin can match the price at 55000 and sustain this value, it would be possible for traders to be hopeful about a 57000.00 resistance. This value (57000) was recorded for bitcoin on 19th April 2021.
With several financial institutions and businesses accepting crypto as a viable payment option, many crypto insiders see tremendous opportunities in other cryptocurrencies besides bitcoin. Here is a guide to potential crypto investors interested in going beyond bitcoin.
Ether, formed in 2015, is currently the second-biggest cryptocurrency. Ether is currently valued at USD 3,376.34. The Ethereum blockchain functions on smart contracts that empower decentralized applications such as Defi (the decentralized finance services). This feature is a critical aspect of Ether that permits increased blockchain transactions.
Next on the list is Binance Coin. The existing market cap of Binance Coin is $90.9 billion. Binance Coin is a native of the Binance Exchange. The current market value of Binance Coin is USD 663.43.
Binance Coin is viable to be used for payment of listing fee, trading fee, exchange fee or any other fees that users may incur on exchanges.
Furthermore, Binance Coin is a viable option for IEO investments that are part of Binance’s Launchpad section. These currencies would, in turn, be listed on Binance Crypto Exchange so that these currencies are bestowed with a full-fledged trading marketplace.
A significant feature about Cardano cryptocurrency is its affordability compared to other more extensive crypto networks such as bitcoin. Further, Cardano is more efficient and strives to be highly stable, flexible, and less vulnerable to probabilities of a hack. The current market cap of Cardano is $57 billion.
Another promising cryptocurrency as of May 2021 is Dogecoin. Dogecoin can be termed as a form of digital money that enables peer-to-peer transactions via a decentralized network. Dogecoin currently has a market cap of $63 billion.
The Ripple Lab’s XRP was created in 2012 and is currently one of the highly efficient and quickest decentralized payment options. XRP transactions can be as short as four seconds. This duration is faster than large networks, including Ethereum, Litecoin, and even Bitcoin.
SolanaLast on the list in this discussion is Solana. Solana is a popular name among the fastest-developing DeFi ecosystems. Solana was launched in 2020 and had a much faster ascent to being the 14th largest crypto with a current market cap of $11.19 billion.