According to many crypto enthusiasts, 2021 will be the best year to invest in cryptos, and it’s not hard to see why. Don’t worry, we at Cutoutyourcoupon have compiled a list of top 5 fastest growing cryptocurrency in the world.
1) Bitcoin(BTC) (Fastest Growing Crypto currency)
Bitcoin, the best-known cryptocurrency and the current gold standard for investing in cryptocurrencies, has appreciated by more than 1,300% since 2017. There are more than a dozen other cryptocurrency that have outperformed Bitcoin, with gains from 3,300 to Ripples, which have increased an astonishing 36,000% over the same period. Bitcoin is king when it comes to its adoption in retail and institutions, leading all other cryptocurrencies in terms of acceptance as a value store and a means of payment. It benefits from the largest market capitalization of all listed cryptocurrencies and ensures liquidity for investors.Like most cryptocurrencies, Bitcoin (BTC) runs on a blockchain, a register that logs transactions across a distributed network of thousands of computers. Bitcoin is one of the names of the cryptocurrency’s blockchain network.
Coin-based experts believe the bitcoin market will remain strong regardless of what happens in the global cryptocurrency market. The main goal of Bitcoins is to become one of the most stable currencies with its buoyancy.
2) Binance coins (BNB)
Binance coins are a form of cryptocurrency that can be traded on Binance without paying fees, one of the largest cryptocurrency exchanges in the world. Binance coins can be one of the best cryptocurrency to buy if you want to diversify your portfolio and see the value of Binance Exchange, the world’s largest cryptocurrency exchange. At the Initial stages it was categorized as a varient of Etherium with ERC 20. Binance coins has increased its value in this 2-3 year segment and know doubt that its one of the fastest growing cryptocurrency.
3) Ethereum (ETH)
Ethereum is an Open-source blockchain crypto technology Founded in 2013, denoted by Ether (ETH). It has a marketing capital of about $339,171,494,463 USD according to 06 Aug 2021. The liquidity associated with the Ethereum makes it very easy to trade in very low fees and charges than Bitcoin. there’s no guarantee that investing in Ethereum can bring you success it totally depends upon the present market capital, value and mainly your mindset.
From the end of 2019 we have seen a drastic increase in the market capital of Ethereum which makes this suitable to be counted as one of the fastest growing Cryptocurrency in the world.
4) Litecoin (LTC)
Litecoin is a cryptocurrency associated with an Open-Source Client from GitHub. It is currently one of the stable cryptocurrencies in the world compared to other alternative coins. Litecoin has a present value of $151.79 USD and is increasing by 4.91% (based on 7th Aug 2021).
Well according to a analysis done, investing in Litecoin is not as risky as Bitcoin as the value is not as fluctuating. But it has similar graph rate as that of Bitcoin and this makes Litecoin one of the fastest going Cryptocurrency.
Investing in Litecoin won’t make you much profit but at the same time it won’t also cause much harm you want to avoid risk and stay away from coins with a smaller market capitalization and community, turn to cryptocurrencies like Litecoin.
5) Tether (USDT)
Tether was one of the first and most popular of a group of so-called stable coins, which are cryptocurrencies whose market value is to be linked to a currency or other external reference point to reduce volatility. While most digital currencies, especially big ones like Bitcoin, experience frequent periods of dramatic volatility, ether and other stable coins try to smooth price fluctuations to lure more cautious users.
The current Value of a Tether is $1.000004 USD.
Yes, compared to all other cryptocurrencies you may be thinking that its very less, but some analysis and predictions says that in few years its value is going to increase very sharply, and this makes Tether as a good investment opportunity in 2021.
Cryptocurrencies are just one name for them, but there are thousands of different virtual currencies that make up the growing market and attract investors “attention. Cryptocurrencies such as Bitcoin and Ethereum have grown in value over time, but the recent falls that have rocked the market are known as “cryptos” and are considered speculative and unpredictable.