Are you interested to invest in Crypto and make insane money? I think yes is the answer for the reason you are here, So let’s discuss the top 10 cryptocurrencies to invest with logic
Before we discuss let you know the factors under which we have selected these coins:
- Market cap and Circulating supply
- Diversification and categoriers
- Unique business and their future growth
Best Cryptocurrencies to invest in 2021 and beyond
1) Bitcoin (BTC)
Yes, the first on our list is the king of all cryptocurrencies Bitcoin. Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”
The network is run by an open-source code, and this code is the law behind this digital money. It is a peer-to-peer network built on a Distributed Ledger Technology called blockchain, making the network secure and decentralized.
No Government, person, or organization can control it or confiscate it. Bitcoin’s total supply is limited by its software and will never exceed 21,000,000 coins. the Bitcoin market cap is around 44% of the Market Cap of the total crypto market.
2) Ethereum (ETH)
The second one on our list is Ethereum, the most significant invention in the crypto industry after blockchain is smart contracts. A smart contract is an improvised version of a traditional contract where there is no need for a third party to ensure the execution of the contract. Ethereum was first described in a 2013 whitepaper by Vitalik Buterin. Buterin, along with other co-founders, secured funding for the project in an online public crowd sale in the summer of 2014.
Ethereum’s own purported goal is to become a global platform for decentralized applications, allowing users from all over the world to write and run software that is resistant to censorship, downtime, and fraud.
Ethereum Market cap is around 18.5% of the Market Cap of the total crypto market. Moreover, it has an unlimited supply
3) Chainlink (LINK)
Founded in 2017, Chainlink is a blockchain abstraction layer that enables universally connected smart contracts. Through a decentralized oracle network, Chainlink allows blockchains to securely interact with external data feeds, events, and payment methods
Chainlink is one of the first networks to allow the integration of off-chain data into smart contracts. With many trusted partners, Chainlink is one of the major players in the data processing field. Due to the integration of off-chain data, Chainlink has attracted the attention of numerous trusted data providers
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4) Polkadot (DOT)
Polkadot was founded by the Web3 Foundation, a Swiss Foundation founded to facilitate a fully functional and user-friendly decentralized web, as an open-source project.
Polkadot is a sharded multichain network, meaning it can process many transactions on several chains in parallel (“parachains”). This parallel processing power improves scalability. With a market cap of over $28 Billion with a token price of around $29, Polkadot is among the top 10 crypto projects basis market cap.
5) Uniswap Exchange (Ticker: UNI)
Uniswap is a popular decentralized trading protocol, known for its role in facilitating automated trading of decentralized finance (DeFi) tokens. Uniswap is a Decentralized Crypto Exchange (DEX) Application built on Ethereum Network. The exchange is built on a smart contract and does not need any human to run or manage it.
Further, people who hold their crypto funds for long-term gains, also called HODLers, can lend their assets to Uniswap and earn additional rewards on it.
Uniswap was developed by Hayden Adams in November 2018. Adams was introduced to cryptocurrency by a friend and was quickly inspired by Vitalik Buterin, Co-Founder of Ethereum. To launch his project, Adams received a grant of $65,000 from the Ethereum Foundation.
The total supply of Uniswap’s governance token, UNI, is 1 billion units. With a market cap of over $15 Billion
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6) Terra Network (LUNA)
Terra was founded in January 2018 by Daniel Shin and Do Kwon. The two conceived of the project as a way to drive the rapid adoption of blockchain technology and cryptocurrency through a focus on price stability and usability. Kwon took on the position of CEO of Terraform Labs, the company behind Terra.
Terra is a Blockchain Network that uses smart contracts to build Decentralised Applications on the platform. The unique part of this network is the design of stable coins on the platforms.
Terra has a supply of 1 billion tokens. If this number is exceeded, LUNA is burned until it returns to the equilibrium supply level. The current market cap of LUNA is over $11.5 Billion.
7) FTX Exchange (FTT)
FTX Exchange is a centralized crypto exchange that not only has all the essential features but also has many unique products such as Tokenised Stocks, Leveraged Tokens, Prediction Markets, etc.
The token has a current market cap of over $5 Billion.
8) Decentraland (MANA)
Decentraland was co-founded by Ariel Meilich and Esteban Ordano — both of whom have stepped down from major positions at the project but still work alongside Decentraland as advisors.
Decentraland is built for content creators, businesses, and individuals that are looking for a new artistic medium, business opportunity, or source of entertainment.
So, the project is about owning virtual properties and doing everything that you can do with real estate in the real world. You can open a business, rent the property, place an advertisement, conduct an art exhibition, and whatnot.
The original total supply was set at 2.8 billion MANA, but has been reduced as more than 600 million MANA have been burned as a result of LAND auctions. Currently, the token has a Market Cap of over $1 Billion, which is undervalued for a project that has the potential to be a self-sustained decentralized virtual economy.
9) Lido Finance (LDO)
Lido is a DAO that provides a liquid staking service for Ethereum 2.0, allowing users to earn staking rewards without maintaining staking infrastructure.
Lido is a liquid staking solution for Ethereum. Lido lets users stake their ETH – with no minimum deposits or maintaining of infrastructure – whilst participating in on-chain activities, e.g. lending, to compound returns.
LDO is the native utility token that is used for:
- Granting governance rights in the Lido DAO.
- Managing fee parameters and distribution.
- Governing the addition and removal of Lido node operators.
The current Market Cap of LDO is $226 Million
Disclaimer – At the time of the launch of the project, 64% of the total supply of tokens was dedicated to the founders, developers, and early participants of the platform. This 64% was locked for a period of 1 year, and these will be unlocked on 17 December 2021 with a vesting period of 1 year. Once these tokens are vested, a substantial supply of tokens would be available in the market and could affect the token’s price significantly.
10) Nexus Mutual (NXM)
Last but not least is NXM. NXM was founded by Hugh Karp. Before founding NXM, he worked as the CFO of Munich Re. He has also worked as an actuary in life insurance at MLC & Nab Health.
Nexus Mutual is taking on the issue of smart contract vulnerability and provides users with a level of protection that can help avoid losses.
Nexus Mutual’s first product was smart contract covers that provided protection for value storing contracts. In order for the project to start processing claims, it needed to reach a pool of 12,000 ETH, which was achieved two months after the launch.
NXM has a circulating supply of 6,375,553 tokens as of March 2021, while maximum supply data is not available.
NXM currently has a market cap of over $ 841 Million and can be a massive hit once Defi is secure enough for institutional adoption.
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