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Volume: US$21 billion
Bitcoin has engulfed itself in controversies about its potential and its dips, but there are still ardent Bitcoin investors who would insist crypto investors hold Bitcoins for the long term. After being victim to market volatility, owing to China’s harsh regulations and massive sell-offs, Bitcoin has been picking up the bullish streak. At the time of writing, Bitcoin is trading at US$34,259. Despite the decline, it is still leading the crypto race.
2. Ethereum
Volume: US$15 billion
Over the last year, Ether saw an 854% spike in its value, more than Bitcoin. A lot of anticipation around this second-largest cryptocurrency is hyping investors, like the launch of the Ethereum 2.0 upgrade which will boost DeFi. The update is supposed to mark the switch between proof-of-work to proof-of-stake model, making the Etherum network efficient, robust, and secure. When that happens, you wouldn’t want to miss out on the bull wave.
3. Tether
Volume: US$35 billion
Tether is a low-risk cryptocurrency. In the market, Tether stands out as it’s a stable coin, whose value is pegged to a fiat currency like the US dollar or the Euro. This implies that for every single Tether bought, you will be guaranteed the value of a native currency. Stable coins are least affected by market volatility.
4. Binance USD
Volume: US$2 billion
Binance USD is a US-regulated stable coin that ensures faster transactions and payments. For a single Binance USD, you will be assured the value of a US dollar as it is approved and regulated by the New York State Department of Financial Services.
5. Binance Coin
Volume: US$ 1 billion
In 2020, Binance Coin managed to double its value and grew 733% since early 2021. Binance exchange, the company that powers Binance Coin, faced some backlash from the UK government recently, but that did not affect the market standing of this strong cryptocurrency. BNB coin continues to show strong returns and it is expected to grow multifold in the foreseeable future. At the time of writing, Binance Coin is valued at US$327
6. XRP
Volume: US$1 billion
The first half of 2021 had XRP moving downward but its long-term prediction suggests the value will reach US$0.60. XRP is the token of Ripple labs that has some exciting features in its pipeline. In terms of popularity and reliability, XRP is one of the most trusted and affordable cryptocurrencies that gained a market cap of US$29.87 billion within a short span.
7. USD Coin
Volume: US$1 billion
Out of all the stable coins, USD Coin is the best one out there. Initially, USD Coin only worked on the Etherum blockchain, one of the strongest blockchains, but it has now diversified with Solana and Algorand blockchains as well. What separates USD Coin and Tether is the fact that USD Coin has a more transparent funding and auditing process along with high speed and reliability.
8. Cardano
Volume: US$877 million
Cardano is an energy-efficient cryptocurrency that stabilizes well when the market crashes. During the past year, Cardano saw a spike of 1,259%. As investors are shifting towards energy-efficient cryptocurrencies, experts are predicting that Cardano could hit the US$10 mark soon. At the time of writing, Cardano is trading at US$1.36 and its future is a bull streak.
9. Dogecoin
Volume: US$723 million
Elon Musk-hyped Dogecoin has picked up pace after a hard fall in April 2021. At this point everyone is familiar with the story of Dogecoin, so here is what you should know now. Investors have not given up on Dogecoin as it is rallying at US$0.2174 with a steady increase, day after day.
10. Polkadot
Volume: US$596 million
With Polkadot, its creators plan to unite all the blockchain networks to form a “multichain”. As ambitious as it sounds, Polkadot investors have enjoyed its bull ride so far. In the previous month, Polkadot grew by 70% and the growth is expected to continue. At the time of writing, Polkadot’s price is US$15.52.
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