Ever wondered what are the top 9 altcoins? Ever felt overwhelmed with thousands of different cryptocurrencies? Starting from Bitcoin and Ethereum to Dogecoin and Tether, especially if you’re first getting started in the world of crypto. In this article, we will look at the top nine altcoins to invest or hold in 2021. And if you are a starter an altcoin is a term to describe the alternative cryptocurrency to Bitcoin. Based on the market capitalization, or the total value of all of the coins currently in circulation CryptoGoldie has composed this list of the top 9 altcoins to invest or hold in 2021 and beyond:
1. Ethereum (ETH)
Market capitalization: Over $425 billion
Establishing itself both as a cryptocurrency and a blockchain platform, Ethereum is a “cup of tea” of software developers because it uses the so-called smart contracts that automatically execute when conditions are met. Ethereum also incorporates the non-fungible tokens (NFTs). Overall, The ethereum is probably number one in our list of the top 9 altcoins
In just five years, Ethereum has experienced an unbelievable growth in price. Starting from about $11 to almost $3,000, resulting in more than 27,000%.
2. Cardano (ADA)
Market capitalization: Over $73 billion
With its proof-of-stake validation, Cardano is notable for leaving a significant imprint on the crypto stage. Its approach speeds up transaction time and decreases energy usage and environmental impact. By omitting the competitive, problem-solving aspect of transaction verification present in platforms like Bitcoin, Cardano has set the crypto-world to changes. Powered by ADA, Cardano’s native coin it works like Ethereum enabling smart contracts and decentralized applications.
Compared to other major crypto coins Cardano’s ADA token has had a relatively modest increase in value. ADA’s price was $0.02. in 2017.
As of October 7th, 2021, its price was $2.28. This is an increase of over 10,600%.
3. Binance Coin (BNB)
Market capitalization: Over $74 billion
One of the largest crypto exchanges in the world Binance is the creator of Binance Coin. It is a form of cryptocurrency that you can use to trade and pay fees on Binance.
Since its start in 2017, when it was used to merely facilitate trades on Binance’s exchange platform, Binance Coin has expanded its usage and now it can be used for trading, payment processing, or even booking travel arrangements. Today, it can also be traded or exchanged for other cryptocurrencies, such as Bitcoin or Ethereum.
In 2017 its price was as low as $0.10; by October 7th, 2021, it had risen to over $441, a gain of more than 441,000%.
4. Tether (USDT)
Market capitalization: Over $68 billion
There are different forms of cryptocurrency. Tether is a stable coin. What is a stable coin in the investor’s language? It means that stablecoins like Tether are backed by fiat currencies like U.S. dollars and the Euro. One Tether equals one Dollar. This approach allows Tether to keep a value equal to one of those denominations. Compared to the extreme volatility of other coins, Tether’s value is supposed to be more consistent, and that is why it’s mostly favored by long-termed investors.
5. XRP (XRP)
Market capitalization: Over $50 billion
Having the same establishers as for the digital technology and payment processing company Ripple, XRP is used on this network to facilitate exchanges of different currency types, including fiat currencies and other major cryptocurrencies.
The price of XRP started at $0.006 at the beginning of 2017.
October 7th, 2021, its price reached $1,08, equal to a rise of over 16,600%.
6. Solana (SOL)
Market capitalization: Over $47 billion
Running on a unique hybrid proof-of-stake and proof-of-history mechanisms, developed to help power decentralized finance (DeFi) uses, decentralized apps (DApps), and smart contracts, Solana processes transactions quickly and securely. Solana’s native token, SOL powers the platform.
Firstly appeared in 2020 with starting price at $0.77. By October 7th, 2021, its price was $156.79, a gain of about 20,300%.
7. Polkadot (DOT)
Market capitalization: Over $34 billion
Connecting the various blockchains so they can work together as Cryptocurrencies may use any number of blockchains is Polkadot aim i.e. to integrate them by creating one cryptocurrency network. since Polkadot’s launch in 2020, this integration has initiated impressive growth and may completely change how cryptocurrencies are managed. Between September 2020 and Sept. 30, 2021, its price grew 872%, from $2.93 to $25.61, and till October 7th, 2021 it reached up to $34.34 in price.
8. Dogecoin (DOGE)
Market capitalization: Over $32 billion
Thanks to celebrities and billionaires like Elon Musk Dogecoin has been a hot topic for quite some time. Starting as a joke in 2013, with great thanks to a dedicated community and creative memes, Dogecoin rapidly became a prominent cryptocurrency option. There is no limit on the number of Dogecoins that can be created which is the opposite approach when compared to many other cryptos, such as Bitcoin. This approach leaves the currency susceptible to devaluation as supply increases.
In 2017 Dogecoin’s price was $0.0002. By October 7th, 2021, its price was at $0.24—a 102,000% increase.
Market capitalization: Over $7 billion
As a blockchain platform VeChain is designed and established in such a way as to improve supply chain management and business processes. Through the use of distributed ledger technology VeChain aims to streamline these processes and information flow for complex supply chains (DLT).
The public blockchain behind VeChain is the VeChainThor blockchain. It is specially designed and built to run the VeChain token (VET) and the VeThor token (VTHO). It is a separate job that is delegated where the VeChain token is used to transfer value across the network, while the VeThor token is used as energy to power smart contract transactions.
VEN was VeChain’s initially launched and distributed cryptocurrency. They publish the cryptocurrency on the Ethereum blockchain in 2017 as part of a crowd-sale that sold 1 billion tokens and raised $20 million.
The top 9 altcoins would be a changeable list. For the coming months and years, the only tool we have is to speculate and analyze what value cryptocurrency may have for investors. But what is certain is – it is still a new and risky investment, without much history on which to base predictions.
We are glad if we have assisted you in any manner with this list of the top 9 altcoins and decide where to invest. And if you want to discover more on what and how prices of crypto change read more in our article Volatility, Factors, And Profiting Explained And Demystified
No matter what a given expert thinks or says, no one knows for sure the exact outcomes. So, the rightful conclusion to draw here is to only invest what you’re prepared to lose. Think in terms of long-term wealth building and invest securely.
Remember to never put crypto investments above any other financial goals like saving for retirement and paying off high-interest debt as it could turn out to be a double-edged sword especially for novices and cause you double loss.