Top 5 cryptocurrencies to buy now and their benefits

If there is one of the most important and trending digital assets today, it’s to buy cryptocurrency You’ve heard about them everywhere, in news articles, in wealth management YouTube videos, in top trends articles, and elsewhere. 

What’s most interesting to know about cryptocurrencies is they aren’t reserved just for the super-rich and wealthy as you too can get yourself a piece of the cake. Cryptocurrencies have grown by leaps and bounds in terms of valuation over the years and will continue to grow as Blockchain technology sees more adoption and usages across a wide range of industries the world over.

If you have plans to buy cryptocurrency, now is the right time. Below, we have compiled 7 cryptocurrencies that are the most valuable to date. Apart from being highly accessible, these seven cryptocurrencies are significantly growing in terms of market value.

Seven types of Cryptocurrencies

Bitcoin

Bitcoin is undoubtedly the most popular cryptocurrency as of today. The reason it’s the most popular that other cryptocurrencies have got to do with its consistently increasing market valuation that has reached an all-time high of $1 trillion worth of market capitalization. 

The growth of Bitcoin holds a promising future for the cryptocurrency realm as it is expected speculated to be the standard collateral for loans, stable coins, and other digital/fintech assets. Also, one of the most important reasons why it’s worth investing in Bitcoin is the cryptocurrency has already had its volatile days and it’s rather consistent these days.

Ethereum  

Ethereum is the second most popular and valuable cryptocurrency in terms of market cap apart from Bitcoin. Similar to Bitcoin, Ethereum is having consistent growth with the main reason being the broad use of the platform in decentralized finance applications. 

Ethereum is also one of the biggest and most valuable assets in terms of its crypto stocks valuation. Cryptocurrency and blockchain technology experts speculate Ethereum to see more adoption and usage as the blockchain technology realm grows with more applications. 

Dogecoin

Dogecoin is one of the few cryptocurrencies to have performed exceedingly well in terms of market cap growth despite its late start. One of the biggest appealing factors of Dogecoin is you can use the cryptocurrency in exchange for other cryptocurrencies or simply trade them for goods and services.

Similar to Bitcoin and Ethereum, Dogecoin is available for purchase across all major cryptocurrency exchange platforms, including Binance, Coinbase, and Bisq. Another appealing factor of Dogecoin is Tesla CEO Elon Musk has recommended it considering its fast-paced market cap growth.

Cardano

If you are looking for the next big cryptocurrency that is speculated for a high market cap growth, you cannot go wrong with Cardano. This cryptocurrency comes as one of the best options for you if you have a limited budget and don’t want to risk it all as a beginner. 

Cardano is highly centralized and is much more simple to understand in terms of market performance intricacies as compared to the top dogs, including Bitcoin and Ethereum. The cryptocurrency is seeing mass adoption. What’s more interesting to know is that it is designed for usage across a wide variety of sectors, including healthcare, retail, education, and finance. Similar to other growing cryptos, Cardano’s crypto stocks valuation is growing constantly with each passing year. 

Binance Coin

Similar to Cardano and Dogecoin, Binance Coin is relatively new in the game. However, it is outperforming other newer cryptocurrencies in terms of growth in market cap valuation. One of the most appealing factors of Binance Coin is the mass adoption for the NFT craze as the way Ethereum has.

Binance Coin is well-suited for people who are new to buying/investing in cryptocurrencies. The best way to make the most out of Binance Coin as of now is to invest modestly and mindfully in order to watch out for volatility. 

Conclusion

To buy cryptocurrency is one of the best financial decisions you can make in 2021. Even the most valued cryptocurrencies, including Bitcoin and Ethereum, haven’t reached their saturation point. This essentially means that there is still a place for new investors like you to make your money grow in the blockchain-backed cryptocurrency realm.