Cryptocurrencies were “the next big thing” nearly a decade ago. As most people thought that cryptocurrencies were a sham, some people realized the hidden potential in the rising digital currencies and how they could benefit their investments in the long run. The people who invested in cryptocurrencies then have now become millionaires and industry leaders for the best. Some of the most prominent leaders are heading the world’s most popular digital currency markets today. However, you shouldn’t forget that not all early traders, investors, and cryptocurrency enthusiasts were successful.
People also lost their money due to poor investment and trading decisions. But, you can make the most out of your cryptocurrency investment activities by choosing the greatest and most successful digital cryptos online. Here’s a list of the top 4 cryptocurrencies as of November 2021.
1. Cardano (ADA)
To start off, this is the fifth one on our list of the top 4 cryptocurrencies of 2021. Cardano currently has a market cap of over $66 billion and treads to be one of the most popular digital currencies of all time. It was initially popular for the validation method that revolved around the proof-of-stake system. It became highly prestigious for those people who were inclined towards environmental conservation and energy efficiency due to its production and transaction time. This cryptocurrency enables smart contracts and features decentralized applications.
This digital currency has seen modest price growth in comparison to leading cryptocurrencies. Since 2017, the price has increased from $0.02 to $2.01 as of October 29th, 2021. This is a massive increase in the overall price of this digital coin.
2. Tether (USDT)
Tether is on the verge of constant growth as one of the stablecoins in the market. It has a market cap of over $70 billion which is slightly greater than Cardano. This stablecoin digital currency keeps values equal to one of the major FIAT currency denominations that are backing it such as Euro and USD. This shows why and how the cryptocurrency will sustain a more stable and consistent price in the digital crypto market.
Investors and traders who are still weak on their cryptocurrency market take due to intense volatility prefer this cryptocurrency. As of October 2021, Tether stood at $1.002 for every unit.
3. Binance Coin (BNB)
Binance Coin is the up-and-coming cryptocurrency in the market. It has a market cap of over $88 billion which is significantly higher than both Cardano and Tether. It is one of the widely popular cryptocurrencies in the world that are used for payment of exchange fees and trading transactions. After its inception in 2017, this cryptocurrency unit expanded in its price consistently. Today, this digital asset can be used for payments, trading, and even compensating for traveling expenses and arrangements. Moreover, this cryptocurrency is also usable for exchanging Ethereum and Bitcoin on digital currency exchanges.
In 2017, the price of this cryptocurrency exchange stood at just $0.10. However, as of 29th October 2021, the price of this cryptocurrency is well past $530 which is a massive gain over the 2017 price.
4. Ethereum (ETH)
Being a rival to the world’s best and top-leading cryptocurrency “Bitcoin”, this digital currency may not need any introduction. Ethereum is not only is cryptocurrency in the form of digital tokens, but it also allows the creation of additional cryptocurrencies under its flagship. It is an all-time favorite of developers and blockchain enthusiasts.
The market capital for Ethereum is well over $520 billion which is surprisingly massive next to Bitcoin’s market cap of over $1 trillion. The price of this currency moved from $11 to $4,400 and more in the last five years.
Conclusion
The best cryptocurrency investment decisions begin with the right research. Once you realize the ongoing market trends and cryptocurrency values, you can pick the right type of cryptocurrency for your investment and trading ambitions. If you think that one of the top five cryptocurrencies above is right for you, you shouldn’t just invest your funds in it right away. Instead, doing some research and being precise with your investment decisions can help.
