Top Cryptocurrencies To Invest In August 2021

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Top Cryptocurrencies To Invest

There are many cryptos to invest Bitcoin, Ethereum, Dogecoin, and Tether, in this article, you will know the top cryptocurrencies to invest.

With more new cryptocurrencies coming out we will analyze the top cryptocurrencies to invest in based on the market capitalization of their coins value circulation.

List of Top Cryptocurrencies To Invest

  1. Bitcoin (BTC)
  2. Ethereum (ETH)
  3.  Tether (USDT)
  4. Binance Coin (BNB)
  5. Cardano (ADA)
  6. Dogecoin (DOGE)
  7. USD Coin (USDC)
  8. Polkadot (DOT)

1. Bitcoin (BTC)

Bitcoin was launched in the year 2009 by some pseudonym Satoshi Nakamoto, the short form of bitcoin is (BTC) and it is the original cryptocurrency, Bitcoin also runs a blockchain of larger transactions. Ledger needs to be verified by solving a crypto puzzle and it helps keeps Bitcoin safe from scammers. Bitcoin market cap is over $641 billion.

Bitcoin’s price has skyrocketed as it’s become a household name. Five years ago, you could buy a Bitcoin for about $500. As of June 2021, a single Bitcoin’s price was over $32,000. That’s growth of about 6,300%. In naira 1 Bitcoin is N15.6 million.

Top Cryptocurrencies To Invest

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2. Ethereum (ETH)

Ethereum is one of the top cryptocurrencies to invest in, Ethereum is also a favorite program developers. Ethereum has an experienced tremendous growth. In 5 years Ethereum price went from $11 to over $4,000 and it increasing, Ethereum market cap is over $308 billion and it short form is (ETH), in naira 1 ethereum is N1 million.

Top Cryptocurrencies To Invest

3. Tether (USDT)

Tether is a stable coin, which means it is backed by fiat currencies like US and UK and also dollar and Euro and also other valued currency. Tether value is more consistent than other cryptocurrencies and it is favored by investors who are wary of the extreme volatility of other coins, Tether market cape is over $65 billion and it short name is (usdt).

Top Cryptocurrencies To Invest

4. Binance Coin (BNB)

Binance Coin is on the top cryptocurrencies to invest, and the coin is a form of crypto currency that are use to trade and also pay fees to Binance.

Binance coin was launched in the year 2017 and it has expanded and also helps traders in terms of trading. Traders can also use Binance coin to make payments and also for booking travel arrangements.

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Its price in 2017 was just $0.10; by August 2021, it had risen to over $350, a gain of almost 350,000%. Binance market cap is over $56 billion.

Top Cryptocurrencies To Invest

5. Cardano (ADA)

Cardano is notable for its early proof of stake validation, and it one of the top cryptocurrecies to invest. Cardano also work almost the same way with Ethereum to enable smart contracts and decentralized application wing are powered by cardano and it coin. Cardano’s ADA token has had relatively modest growth compared to other major crypto coins. In 2017, the Cardano market cap is over $50 billion.

Top Cryptocurrencies To Invest

6. Dogecoin (DOGE)

Dogecoin is one of the trending coins which billionaire Elon Musk started as a joke in 2013, Dogecoin has become a prominent cryptocurrency option, Unlike many other cryptos, such as Bitcoin, there is no limit on the number of Dogecoins that can be created, which leaves the currency susceptible to devaluation as supply increases. The market cap for Dogecoin is $44 billion.

Top Cryptocurrencies To Invest

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7. USD Coin (USDC)

USD Coin is also a cryptocurrencies to invest, it a stabelcoin in which it us backed by the US dollars and aims for a 1 USD to 1 USDC ratio. Ethereum powered USDC, the market cap for USD coin is over $23 billion.

Top Cryptocurrencies To Invest

8. Polkadot (DOT)

Polkdot is a cryptocurrencies which may use any number of blockchains, Polkadiy aim to create a crypto currency network that can connect t various blockchains so they can work together. The market cap for polkadot is $21 billion.

Top Cryptocurrencies To Invest

With the above mention cryptocurrency, you can be able to know the top cryptocurrencies

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