Top Cryptocurrencies to Trade in 2021
With the likes of Elon Musk endorsing and embracing cryptocurrency, the year 2021 is all set to become a milestone for the cryptocurrency trade. If you are wondering what currency to buy and sell, here is a sneak peek of the popular cryptocurrencies comprising insightful and actionable data about their rank, dominance, market worth, and growth.
Out of the total market capitalization of cryptocurrency, 63.80% is dominated by Bitcoin (BTC), and its current value stands at $47,684.24, circulating supply at 18,623,718 BTC. The circulating supply is the number of bitcoins or any cryptocurrencies that are in the public hands. The credit goes to its exponentially growing asset value. With Bitcoin (BTC) being endorsed by the world’s richest person on the planet, it deserves to be on the top of the list.
The current value of Bitcoin (BTC), market capitalization, and other metrics are shown above. In the below chart, you can see its growth from April 30, 2013, to Feb 09, 2021.
If there is something in the crypto world that has the potential to challenge the dominating status of Bitcoin (BTC), it’s none other than Ether (ETH). The value of Ether went up by 127.88% in January 2020 over its December 2020 value. The daily transaction value of Ethereum has reached $12 billion. Out of the total crypto market capitalization, 14.52% is dominated by Ethereum or Ether (ETH), and its current value stands at $1,753.52, circulating supply at 114,594,988.
The current value of Ethereum (ETH), market capitalization, and other metrics are shown above. In the below chart, you can see its growth from August 11, 2015, to Feb 09, 2021.
USDT is a stable-value cryptocurrency or stable coin. It mirrors the price of the U.S. dollar. The token’s peg to the USD is achieved via maintaining a sum of dollars in reserves that is equal to the number of USDT in circulation. Tether price today is $1.00 USD. It has a circulating supply of 29,754,571,162 USDT coins and market capitalization of $29,802,095,544 USD.
The current value of Ethereum (ETH), market capitalization, and other metrics are shown above. In the below chart, you can see its growth from March 07, 2015, to Feb 09, 2021.
Cardano is also a blockchain platform that later came up with its cryptocurrency with the same name, abbreviated as ADA. Its market dominance is 2.14%. Cardano’s current value stands at $0.680528 with a circulating supply of 31,112,484,646 ADA coins. Its market capitalization equals $21,172,905,777.
The current value of Cardano (ADA), price change in 24 hours, 24-hour high and low, and other metrics are shown above. In the below chart, you can see its growth from October 02, 2017, to Feb 09, 2021.
XRP runs on a digital payment platform called RippleNet and Ripple is the company that owns both. The current market capitalization of XRP stands at $21,508,447,317.36 and its market supply is 45,404,028,640 coins.
The current value of XRP price, change in 24 hours, 24-hour high and low, and other metrics are shown above. In the below chart, you can see its growth from August 05, 2013, to Feb 09, 2021.
DOT is new to enter the world of cryptocurrencies. It leverages the Polkadot sharded multichain network founded by the Web3 Foundation. The current value of DOT is $23.60 USD, market capitalization of $21,435,958,064 and circulating supply of 908,289,100 DOT coins.
The below chart traces the value of DOT from August 20, 2020, to Feb 09, 2021, against bitcoin.
Binance Coin (BNB)
Binance was started by Binance, a cryptocurrency exchange. It has a market dominance of 1.03%, market capitalization to the tune of $14,245,608,018, and a circulating supply of 154,532,785 BNB coins. If you are new to BNB, here is an important anecdote to know. BNB was originally issued as an ERC-20 token on the Ethereum network. Its total supply was capped at 200 million coins, and 100 million BNBs were offered in the ICO. It no longer avails the Ethereum network.
The below chart traces the value of BNB from July 26, 2017, to Feb 09, 2021, against bitcoin. In the past year, starting in December 2018, it has made significant progress.
Dogecoin (DOGE) is valued at $0.07809. DOGE is based on the popular “Doge” Internet meme and features a Shiba Inu on its logo. The open-source digital currency has a market dominance of 0.73%, market capitalization $9,938,241,322.09 and circulating supply as 128,303,944,202.
The below graph depicts the change in the value of the coin from Dec 17, 2013, to Feb 09, 2021, against bitcoin. Dogecoin investors have had a great time in the past few months as its value is on the rise.
The Favorite Exchange for Crypto Trading in India
Whether you are a veteran or beginner, it’s always good to trade on an exchange that is reliable and secure and allows traders to make the most of the trading opportunities. High liquidity, secure network, global presence, and a low transaction fee of PCEX Member has made it a favourite for institutional as well as individual investors or traders in India. It accepts INR as a fiat currency unlike many, where you are required to deposit in USD or another foreign fiat.