TOP TEN CRYPTOCURRENCIES WITH THE HIGHEST GROWTH POTENTIAL IN MAY 2021 

TOP TEN CRYPTOCURRENCIES WITH THE HIGHEST GROWTH POTENTIAL IN MAY 2021 

With all the hype surrounding cryptocurrencies, do you intend to begin investing in 2021? There are currently over a thousand cryptocurrencies on the market, deciding to leave you feeling spoiled for choice. So, how do you make a decision? This blog post will assist you. Invest wisely in cryptocurrencies by using these ten crypto coins.

Here are the top ten cryptocurrencies to consider when making a cryptocurrency investment.

1. Bitcoin

Bitcoin, the king of cryptocurrencies, was the first of its kind to have the highest liquidity value. This cryptocurrency aspires to be completely decentralized, global, peer-to-peer digital cash with no regulations. Despite the market's volatility, Bitcoin is by far the most stable. While the name is synonymous with cryptocurrency, in the coming years Bitcoin will increase in popularity, demand and acceptance. The future is already shaped by companies that open themselves to accept Bitcoins for payment.

Bitcoin’s price today in USD: $38,262.08

 

1. Litecoin

Due to their market capital and liquidity value, Litecoin is second on our list. Unlike Bitcoin, which has a limited supply of 21 million coins, Litecoin has an 84 million coin cap and a block reward of 12.5 LTC, which is higher than other cryptos. For miners, the Litecoin mining time is just two minutes faster than any other crypto-currency. Because of Litecoin's growing popularity, it is the best of the altcoins.

Litecoin’s price today in USD: $177.75

 

1. Ethereum

Ethereum was the first cryptocurrency to introduce smart contracts, which enable developers to build decentralized applications using blockchain technology on desktop and mobile devices. Since then, Ethereum has maintained its position as one of the top cryptocurrencies of all time, and it has a devoted following of investors who back that up. This means that, after Bitcoin, Ethereum has a better chance of remaining stable.

Ethereum’s price today in USD: $2,427.28

1. Cardano

This is a budget cryptocurrency that quickly becomes a common cult. Ever since it was launched in 2015, its blockchain Ouroboroswhich have two blockchains instead of one, has been a major player on the market. In this case, one blockchain will handle general-purpose transactions, while the other will handle smart contracts. The reasoning behind this is Cardano's ability to remain scalable and fast, as two types of transactions would not slow things down. Another incredibly interesting fact about Cardano is that the majority of those who have invested in it are Japanese. As a result, Cardano is also known as the “Japanese Ethereum” because it employs the Proof of Stake algorithm, which Ethereum has been planning to implement for quite some time. Cardano's market cap will almost reach $30.7 billion in February 2021.

Cardano today’s price: $1.52

 

1. Binance

If you own Bitcoins or Ethereums and want to diversify your portfolio, Binance Coin is the way to go. Binance, the parent company, has a strong business history and has created a useful ‘utility token.' Binance Coin's value stems from its utility and demand, which is for traders to use Binance Coins to purchase other cryptocurrencies on Binance Exchange. The Binance Exchange is one of the fastest growing cryptocurrency exchanges in the world and is only growing stronger with every transaction made on the platform with Binance Coins.

Binance Coin’s price today in USD: $318.37

 

1. Ripple

Ripple is stated because its vision on this list is slightly different from the other cryptocurrencies. Ripple is a venture-backed startup known for providing finance settlement services to banks in order to facilitate transactions across national borders directly and instantly. It has did work with major banks across the world, which include Bank of America, over the years. As a result, it is better suited for institutional investment rather than personal investment.

Ripple’s price today in USD: $0.929

 

1. Dogecoin

It is a statement in itself that Dogecoin remains strong after it was not taken seriously. In early 2021, the redditors pushed the price to a higher level to prevent a large number of Wall Street hedge funds speculating Dogecoins' short-selling. Then Elon Musk dubbed himself the "Dogefather," further promoting this cryptocurrency. While many people question the coin's legitimacy, Dogecoin does have a market value. Dogecoin reached an all-time high of $0.2917 in April 2021. Elon Musk's SpaceX has announced that it now accepts Dogecoins as a form of payment, following a period of steady growth.\

Dogecoin’s price today in USD: $0.34

 

1. Tron

Tron was created in 2017 on Ethereum.  TRON, which now has its own blockchain platform, is an independent cryptocurrency that processes transactions using the Proof of Stake algorithm. Tron currently has a market capitalization of $4,406,488,234 and is expected to grow. When compared to Ethereum, this crypto coin hosts more decentralised apps, which is why it is gaining popularity.

Dogecoin’s price today in USD: $0.07683      

 

1. Bitcoin Cash

Bitcoin Cash, a peer-to-peer electronic cash system that is supremely scalable, was born out of speculations about Bitcoin's scalability. It has one of the highest market capitalizations of the group, at $8,993,553,011.

Bitcoin Cash is one of the most eye-catched cryptocurrencies by major investors with the name Bitcoin attached.

Bitcoin Cash’s price today in USD: $38,262.08

 

1. Zcash

Zcash is able to do what Bitcoin is not able to do. The Bitcoin blockchain is transparent, which makes it easier to track transactions, but zcash allows tracking transactions only when the user wishes to track them. This allows users to disguise their transactions for an additional confidentiality layer. Zcash is currently valued at $2,701,320,183 on the market, and researchers predict that the price will fall when an investment window is opened. Keep an eye out for this if you want to diversify your portfolio.

Zcash’s price today in USD: $146.34

Last updated 2 years ago