Top 10 Cryptocurrencies in September 2021 and Price list
If you are starting in the world of crypto, there are lots of cryptocurrencies in the market. So, for your help we are writing here top 10 cryptocurrencies based on their market capitalization.
Top 10 cryptocurrencies by market capitalization
These are the 10 largest trading cryptocurrencies by market capitalization as tracked by CoinMarketCap.com , a cryptocurrency data and analytics provider.
|Binance Coin||$67.1 billion|
|USD Coin||$27.5 billion|
Data current as of Aug. 18, 2021.
Theories on Bitcoin’s utility differ, but there’s no denying that it’s been the dominant player in its field since its creation. Bitcoin’s growing adoption is its saving grace; both retail and institutional investors are primed to dip their toes into cryptocurrencies with Bitcoin first. Plus, some of today’s smartest business minds are increasingly gravitating toward the “digital gold.”
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 August 2021, a single Bitcoin’s price was over $45,000. That’s growth of about 8,900%.
2. Ethereum (ETH)
Both a cryptocurrency and a block chain platform, Ethereum is a favorite of program developers because of its potential applications, like so-called smart contracts that automatically execute when conditions are met and non-fungible tokens (NFTs).
Ethereum has also experienced tremendous growth. In just five years, its price went from about $11 to over $3,000, increasingly roughly more than 27,000%.
3.Binance Coin (BNB)
One of Binance Coin’s chief advantages is that, like Bitcoin, it has a strict limit on the number of tokens in circulation. The limit is 200 million, and it’s a big reason BNB has soared to become to become the fourth-most valuable cryptocurrency in the world. The native currency of the popular Binance exchange, the coin is up more than 700% in 2021 alone.
Unlike some other forms of cryptocurrency, Tether is a stable coin, meaning it’s backed by fiat currencies like U.S. dollars and the Euro and hypothetically keeps a value equal to one of those denominations. In theory, this means Tether’s value is supposed to be more consistent than other cryptocurrencies, and it’s favored by investors who are wary of the extreme volatility of other coins.
5. Cardano (ADA)
Somewhat later to the crypto scene, Cardano is notable for its early embrace of proof-of-stake validation. This method expedites transaction time and decreases energy usage and environmental impact by removing the competitive, problem-solving aspect of transaction verification present in platforms like Bitcoin.
Cardano also works like Ethereum to enable smart contracts and decentralized applications, which are powered by ADA, its native coin.
6. XRP (XRP)
Created by some of the same founders as Ripple, a digital technology and payment processing company, XRP can be used on that network to facilitate exchanges of different currency types, including fiat currencies and other major cryptocurrencies.
At the beginning of 2017, the price of XRP was $0.006.
Named for the popular “Doge” internet meme of a Shiba Inu dog, Dogecoin was created as a lighthearted take on the blockchain craze. The cryptocurrency has surged about 4,000% this year, making it the eighth-largest cryptocurrency by market cap. Its price peaked in early May at more than 70 cents, though it has since pulled back.
8. USD COIN (USDC)
Like Tether, USD Coin (USDC) is a stablecoin, meaning it’s backed by U.S. dollars and aims for a 1 USD to 1 USDC ratio. USDC is powered by Ethereum, and you can use USD Coin to complete global transactions.
Unlike stocks, cryptocurrencies have debatable and subjective measures of “fundamentals.” Because of that, there are other credentials that are important to consider with crypto, with one of those being who began the project in the first place. Enter Gavin Wood, whose credibility as a co-founder of Ethereum helped drive DOT to one of the top 10 most valuable cryptocurrencies.
Developed to help power decentralized finance (DeFi) uses, decentralized apps (DApps) and smart contracts, Solana runs on a unique hybrid proof-of-stake and proof-of-history mechanisms that help it process transactions quickly and securely. SOL, Solana’s native token, powers the platform.
Launched in 2020, SOL’s price started at $0.77.
Read about : Crypto boy and their net worth
Some Cryptocurrency Investment Strategies
- Entry and exit strategy
When it comes to investing in markets, timing is everything. Picking the right moment to invest in an asset provides a crucial opportunity to expand your portfolio. And exiting when your price target is achieved is how your profits get realised. Every investor must be prudent while planning their entry and exit strategy.
- Maintain a balanced portfolio
There are several different types of cryptocurrencies like Bitcoin, Ethereum, Dogecoin, Litecoin, etc. While for beginners it is best to invest in just one type of cryptocurrency initially and assess your gains and losses before expanding your investment portfolio, the most important strategy to maintain throughout is investing minimum funds in each cryptocurrency.
Increase the amount you invest as your risk appetite increases.
- Downsides to this Strategy
for the small amount of time that Litecoin has been actively traded, we have seen deep troughs in price graph. One example is the drop marked here with the arrow.
It went from $38.95 to $19.36, prices dropped to a level which was half the prices trading few days back44!
If you had bought $500 worth of Litecoin and saw it drop to $250 in a matter of a few weeks, would you still stay in? Maybe.
Anyone would freak out in such panic situations, and rightfully so. That’s not good risk management. It’s a much better investment to try to get in near $19.36 because that minimizes your downside. Could it drop more? Of course.
However, you just eliminated about $20 of downside, simply by waiting for a better place to get in.