Bitcoin should probably come to mind whenever the best crypto coin is mentioned. BTC is not only labelled as the best crypto coin because it was the first of its kind but also the standard for others alike.
However, there are several other cryptocurrencies created after Bitcoins (known as Altcoins) that have also enjoyed good success.
Crypto traders and investors have seen the possibility of cashing-in on these digital currencies. The common commitment of cryptocurrencies to decentralization has made the market so big that many have grabbed the investment opportunities.
Although investment in cryptos is a huge risk as money, if you’re interested in taking the risk then you’ve to note the best crypto coins today for your investment/trade.
Before we discuss the best crypto coin, let’s learn more about cryptocurrencies.
What are Cryptocurrencies?
Cryptocurrencies are virtual or digital money that takes the form of tokens or ”coins”. The ”crypto” in the cryptocurrency refers to complicated cryptography that allows for the creation and processing of digital currencies and their transactions across decentralized system.
Crytos are designed to be free from government manipulation and control. This fundamental aspect of the crypto industry has however come under fire in recent times.
Cryptos are however expanding as new token are being created. As of November 2021, there are more than 7000 of cryptos in existence.
7 of the Best Crypto Coins in 2021
Below, we’ll examine 7 of the best crypto coins in the year 2021. The ranking of coins in terms of market capitilization as well other reasons are taken into consideration here;
Bitcoin (BTC)- Bitcoin, launched in 2009 by Satoshi Nakamoto is not only the trendsetter in the crypto world but also the best and most popular. BTC can be exchanged for other currencies, products and services. It is also used as an investment, although several regulatory agencies have issued investor alerts about Bitcoin. In September 2021, BTC earned the status of an official legal tender in the nation of El Salvador, making it the nation to do so till date. As of November 2021, BTC’s market capitilization is $1.22 trillion with a per-token value of around $64, 500 per BTC.
Ethereum (ETH)– Ethereum, launched in 2015, is currently the second-largest digital currency by market capitilization after BTC. Ethereum’s application are run on ether, which is a platform-specific cryptographic token. Ether is sought mostly by developers looking to develop & run applications inside ETH. Investors also make use of ether to purchase other cryptos. ETH is trading at around $4,000 per ETH.
Binance Coin (BNB)– This is a utility crypto coin that serves as a means of payment method for fees associated with trading on the Binance exchange. BNB is the third largest cryppto by market cap. Binance coin’s blockchain, is also the platform that Binance’s decentralized exchange operates on. The Binance exchange platform is the largest in the world based on trading volumes. As of November 2021, Binance coin has a $109 billion market cap with 1 BNB valued at $654.
Tether (USDT)- Tether is the first and most popular ”stablecoins”. It’s aim is to peg the market value to a currency or external reference point to reduce volatility. Tether is always pegged at the same value as the USD. The system allow users to make transactions from other cryptos back to USD which is very fast and easy. As of November 2021, Tether (USDT) is the 5th-largest crypto by market cap. It has a total market cap of $72 billion and a per-token value of $1.
Cardano(ADA)- Dubbed as the ”Ethereum killer”, Cardano is one of the best crypto coin in 2021. The rigorous process through which it was created makes it standout among its proof-of-stake peers as well as other large cryptos. As of November 2021, Cardano is ranked the 6th with market capitilization of $67 billion with 1 Ada valued at $2.01.
Dogecoin (DOGE)– Dogecoin is a memecoin which uses an image of the Shiba Inu dog as its avatar. Created as a joke, Dogecoin caused a stir in 2021 as the price of the coin skyrocketed. DOGE is accepted as a form of payment by some major companies which include Dallas Mavericks, Kranos, SpaceX and so on. As of November 2021, DOGE’s maerket cap is $34 billion and 1 DOGE is valued at $0.26, making it the 9th-largest crypto.
Litecoin(LTC)– Litecoin is among the first cryptos to follow in the footsteps of Bitcoin. Created by Charlie Lee, LTC is like Bitcoin in many ways. It has a faster block generation rate and hence offers a fast transaction confirmation time. As of November 2021, Litecoin has a market cap of $13 billion & a per-token value of around $199, making it the 17th largest cryptocurrency in the world.
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