Despite the fact cryptocurrency is a great bang for your buck, it still is a very speculative investment based on conjecture rather than information. So before investing your assets, take a look at the top high-cap cryptocurrencies to have an idea of what might be appropriate for you.
Originally developed by an anonymous creator, Satoshi Nakamoto, in 2009, Bitcoin is the most influential cryptocurrency that has changed the face of the market quite literally. Being the first coin to reach a market cap of $1 trillion and over 250,000 daily transactions, Bitcoin has become 2x the size of the next coin in the lead, making it the most dominant coin of the finance market.
Bitcoin is considered a “Digital Gold” for transferring assets, and the reason for its tremendous progress is its increased scarcity and value. A coin worth only $1 ten years back has now reached the value of $ 44,755.57 (September 2021), which does not seem to slow down in the long run.
Market Cap: $794.94B
Ethereum- the second most high-cap cryptocurrency, is making the most use of Blockchain technology. This leading coin is facilitating the crypto users with its potential groundbreaking utilities, including the very famous smart contract, decentralized apps, and the creation of fungible (ERC-20) and non-fungible tokens (ERC721).
Like Bitcoin, Ethereum has also massively progressed from its initial value of $2.77 in 2015 to $2918.14 in 2021. Even though it lags behind Bitcoin by a substantial amount, it is still the most favorable platform for programmers.
Market Cap: $344.57B
Cardano is another high-cap cryptocurrency introduced by Alzono Fork as an efficient smart contract network, gaining quite a traction in no time. Its notability and immense popularity is the proof-of-stake protocol that provides time and energy efficiency and a less competitive environment. The token is expected to surpass Ethereum’s market cap soon.
However, critics also argue Cardano is overrated because of its handful of projects and decentralized applications yet, most of the users believe this token has potential and is expected to have a great impact on the market sooner or later.
Market Cap: $67.05B
Binance Coin (BNB)
Binance Coin, the native token of Binance, is one of the largest cryptocurrency exchanges globally that initially offered a trading platform. However, with time and advancement, its utilities have recently crossed the charts, offering transferring payments, accessing online and financial services, travel bookings, entertainment, etc.
With the increasing scarcity and extortionate value, there’s no denying the fact that this token is an upcoming prosperous cryptocurrency that a profit seeker should never miss.
Market Cap: 61.96B
XRP, operated by Ripple, is also known as the “King of Banking Structure,” has made headway in the cryptocurrency. The sole reason is its versatile ecosystem that it achieved by partnering with major financial marketers, such as the recent contract with the Western Union.
XRP is considered a cheap but relatively prospective investment that has risen from $0.006 in 2017 to $1.14 in 2021- a 19000% increase showing this token stands a chance in the thriving future of crypto.
Market Cap: $43.72
As stated above, investment across these coins can be a roller-coaster ride. However, putting up the right amount of money at the right time is the most critical step one needs to take before investing within these high-cap cryptocurrencies.
If you plan to withdraw your profit from investments in cryptocurrencies, we recommend using virtual cards InstaCard.