Today cryptocurrency makes it easy for people from any region of the world to send and receive money with little or no transaction charges when compared to other methods of sending and receiving funds across the globe. It has also opened a gateway that allowed people to earn passive income from the comfort of their home through buying and selling of cryptocurrencies. It’s easy to invest or get involved in crypto; to become a trader you just need a smartphone or computer, a crypto wallet, good internet connection, and the documents necessary for verification.
Here’s our list of the top 10 best cryptocurrencies we think you should invest in before the end of the year, for a better return:
1. Bitcoin (BTC)
While Bitcoin remains the leader of all coins, its price is very high. Today a lot of businesses accept Bitcoin as their payment method; which has increased the popularity and usage of Bitcoin all over the world. In February 2021, one of the world’s richest men, Elon Musk, announced that he had invested $1.5 billion in Bitcoin. This does not just increase its popularity but it also adds trust to Bitcoin. At the time of writing, BTC is trading around $45,822.61 and has a daily trading volume of over $30B. It has a market cap of over $865.2B with a circulating supply of over 18 million BTC out of the 21 million maximum supply
2. Ethereum (ETH)
Ethereum is very popular among other exchange platforms and is not just a cryptocurrency, but also a network where developers are given the features and tools that they can use to create their cryptocurrency using the Ethereum network. Ethereum is far less in value compared to the almighty Bitcoin. But, Ethereum is far ahead of other cryptocurrencies. Ethereum emerged when other cryptocurrencies were already out in the market but today is leading those cryptocurrencies that were in existence before it was founded. At the time of writing, ETH is trading around $3,796.48 with a market cap of $452B. The coin is ranked #2 on Coinbase with a daily trading volume of $19.4B. It has a circulating supply of over 118 million ETH coins.
3. Bitcoin Cash (BCH)
Bitcoin Cash is one of the oldest and most successful successors of Bitcoin. Bitcoin Cash was launched in 2017 and it emerged as a result of a limit on the size of blocks in Bitcoin, which is about one megabyte. BCH now increases the size from one megabyte to about eight megabytes. This helps Bitcoin Cash to hold more transactions and it also increases transaction speed. BCH was seen as a direct rival of Ethereum (in terms of price) when it traded above $1500 in May. BCH is currently trading at $424.05 with a 24 hour trading volume of $5B. BCH has a live market cap of $8B. It is ranked #20 on Coinbase and has over 18 million BCH coins in circulation
4. ChainLink (LINK)
ChainLink is a popular cryptocurrency trading exchange platform that has the ability or capacity to join or link blockchain together with another non-blockchain platform; hence the name ChainLink. Blockchainhas some unique features which enable it to data from several sources for example banks, companies, smart contracts, etc. Because of the collaboration between ChainLink and blockchain, ChainLink can as well utilize the same resources that are common in the blockchain. At the time of writing, the price of LINK is $18.34 and the coin has a trading volume of over $683B and is ranked #18 on Coinbase. It has a market cap of over $8B with more than 467 million LINK coins in circulation.
5. Uniswap (UNI)
Uniswap is a crypto exchange platform that owns Uniswap exchange. They have their crypto pair which is known as UNI. With this decentralized trading platform, users can participate in the voting of which their votes can be used in liquidity mining within the platform. One of the amazing features of Uniswap is that it allows users to swap from one cryptocurrency to another with ease. Uniswap has had a rough journey since the May cryptocurrency crash and at the time of writing, is trading at $14.14 with a market cap of over $8B and a circulating supply of more than 628M UNI coins. It is ranked #17 on Coinbase.
6. Polkadot (DOT)
Polkadot is a crypto trading platform that originated from its successor Ethereum. This platform was co-founded by Dr Gavin Wood who was able to raise over $100 million from Ethereum and he wisely used it to invest in a new project known as Polkadot. Today Polkadot is a blockchain-based platform that aims at decentralizing web 3.0. This platform has its pair which is known as DOT crypto. At the time of writing, the DOT coin is trading at $23.66, has a 24-hour trading volume of over $834M and is ranked #8 on Coinbase. It has a live market cap of over $23B with over 987M DOT coins in circulation.
7. Stellar (XLM)
Stellar is a crypto trading platform that makes it easy for users to transfer funds from one market to another. It also gives traders fantastic features that enable them to move their cryptos with low transaction fees. Another unique feature of this trading platform is that users from any country can transfer and also receive Stellar tokens. XLM is currently trading at $0.26 with a live market cap of over $6B. The coin is ranked #21 on Coinbase and has a circulating supply of 24B XLM coins.
8. Cardano (ADA)
Cardano initially began as a trading platform with one of Ethereum’s co-founders, Charles Hoskinson. Cardano has a native token known as ADA. Today ADA is quite popular among crypto traders and it is also accepted by a good number of crypto exchange platforms. The name ADA originated from a well-known mathematician who was tagged as the first computer programmer; his name is Ada Lovelace. One of the features of this platform is that it can be mined by users, it works as a smart contract platform in the crypto market. The ADA coin is currently trading at $1.21 with a market cap of over $41B. The coin is ranked #6 on Coinbase with a 24 hour trading volume of over $1.3B. The circulating supply is over 34B ADA coins.
9. Dogecoin (DOGE)
Dogecoin was created in December 2013 by Jackson Palmer – although he created it as a joke. And guess what! His motive was to use it as a tipping coin on the social media platform. But today it has turned out to be one of the most recognized crypto exchange platforms in the world. Dogecoin uses the Scrypt algorithm for its mining; hence CPU and computers can as well help users to mine this platform effectively. It is currently trading at $0.16 with a live market cap of over $21B and is ranked #9 on Coinbase. It has a 24 hour trading volume of over $720M and a circulating supply of more than 132B DOGE coins.
10. Monero (XMR)
Monero is an open-source cryptocurrency platform that was launched in 2014. This platform is known for its security. They started as a result of donations from several people. In terms of privacy, Monero has special features that regulate its user’s privacy on the platform. It is currently trading at $182.60 and has a live market cap of over $3B, with a circulating supply of over 18M XMR coins.