Demand for cryptocurrencies is at an all-time high now. Taking into account this huge demand, investors are excited enough to create the best of their investment portfolios.
With big market giants showing interest in these cryptocurrencies and a lot ready to embrace them as legitimate modes of payment, now is a high time to invest.
But before investing in any cryptocurrencies, it is better to know about the current market status of major cryptocurrencies so that you do not have to face any loss.
Mind-blowing cryptocurrency statistics
Following are a few of the most amazing facts and stats of recently competing cryptocurrencies
- Up to February 21st, 2021, the market capitalization of Bitcoin was $1072.21 billion.
- Turkey is one of the countries that is adopting cryptocurrency at the highest rate (20%).
- The highest number of global daily bitcoin transactions in Q1 of 2021 is 367,536.
- The market size for cryptocurrency is expected to reach $1087.7 million by 2026.
- The user index for 2021 indicates a 97% confidence in cryptocurrencies.
- The global blockchain market is likely to go up to $23.3 billion by 2023.
- Between 2012 and 2020, Bitcoin has gained 193,639.36%
The stats discussed above are mind-blowing, considering the moderately short-time that cryptocurrencies have been in existence. Hence, this may be the reason why the world is looking forward to the higher adoption of cryptocurrencies.
This being said, let’s look at what may be the ideal investments for the month of July in 2021.
Bitcoin
Market capitalization: $649 billion
Bitcoin value: $34,692
This is one of the most accepted, adopted, and traded digital currencies all over the world.
So, neither get surprised nor lose hope when you find it at the top in the market anytime.
Boasting of highest market capitalization, compared to other competing digital currencies, this cryptocurrency has been dominating the cryptocurrency market. So, if you are looking to invest in a digital currency, Bitcoin won’t disappoint you. It is sure to give a good return in future if not now.
Ethereum
Ethereum market cap: $276.8 billion
Ether value: $2,378
Ether is the second-largest and highly traded digital currency around the globe.
When it comes to investing in the cryptocurrency market, investors around the world find it an alternative to Bitcoin and an ideal digital currency to invest in.
The catch is that this cryptocurrency laid the foundation behind the smart contract platform.
Plus, it paved the way for decentralized finance (DeFi). So, if you are looking to invest in the cryptocurrency market apart from Bitcoin, it does need your attention.
Stellar
Market cap – $9,488,988,391
Market share – 0.63%
The native cryptocurrency for Stellar is Lumen (XLM). This is an open-source blockchain payment system, offering a completely fuss-free transaction experience.
Best of all, Stellar has recently made partnerships with many big shots of the market.
So, the digital currency holds much more potential to get you a good return in future.
It allows for lower exchange costs, and for the past couple of months, it has seen phenomenal growth.
So, what are you waiting for? Buy Stellar, now!
Ripple (XRP)
Market cap – $20,049,567,930
Market share – 1.34%
Ripple should be part of your cryptocurrency portfolio because it has recently won the lawsuit where “The Securities and Exchange Commission (SEC) didn’t give permissions to access to private documentation of Ripple Labs’ legal status.”
As a result, Ripple has more chances of growth and planning to go public in the future.
Bitcoin cash (BCH)
Market cap – $9.15B
Price – $486.98
If you are looking forward to faster processing and lower fees, Bitcoin cash is the digital currency that you should think of investing in as a cryptocurrency market investor.
Launched in 2017, the cryptocurrency forked Bitcoin and transformed the size of the limit of blocks included in the blockchain. Amaury Séchet released the first Bitcoin Cash software implementation on August 1, 2017. The new digital currency got support from some high-profile early bitcoin investors such as Roger Ver who believed that Bitcoin’s one-megabyte block size limit would inhibit its ability to scale and accrue value as more users and investors accept the digital currency.
Tether (USDT)
Market cap – $35,436,801,843
Market share – 2.36%
This cryptocurrency is more reliable if you are searching for a safe investment option.
Like the previous trends, this cryptocurrency will also continue to grow in the coming years.
So, Tether is worth your investment if you want to play safely in the volatile crypto market.
Zilliqa (ZIL)
Market Cap – $884,300,548
Trading Volume – $49,095,309
As a public blockchain, Zilliqa is actively extenuating any future scalability issues that might spring up in the ecosystem.
Hence, this currency is grabbing all the attention. Plus, being economically priced, this helps in processing transactions on the network and executing smart contracts.
Litecoin (LTC )
Market cap – $11,521,942,927
Market share – 0.76%
You should think of making this cryptocurrency part of your investment portfolio if you are looking forward to investing in a cryptocurrency with low fees.
This gives secure, faster, and low fees by utilizing the unique properties of blockchain technology.
Though created based on the Bitcoin (BTC) protocol, this differs on the font of the hashing algorithm used, block transaction times, hard cap, and a few other factors.
The digital currency is ideal for micro-transactions and point-of-sale payments.
After reading the article about the top 8 cryptocurrencies, we hope that you would like to know more about the best cryptocurrency consultant that can help you through.
If you have any questions about which cryptocurrency you should bet on across the year of 2021, we would be happy to answer them in the comment section below.
