Everyone want to invest in the top cryptocurrencies. If you're looking to find out the top performing cryptocurrencies to invest in, have a look at this blog!
Cryptocurrencies have become increasingly popular among traders now. From Bitcoin to Dogecoin, thousands of different digital currencies can be found in the market these days. Deciding which one to invest in, considering the availability of various cryptocurrencies, can also be overwhelming, especially if you are a newbie.
If you want to get started, this blog is for you. This blog focuses on the best cryptocurrencies based on their total value and market capitalization. Here's a list of 4 top-performing cryptocurrencies to invest in!
Dogecoin is one of the most popular cryptos right now. All due to the attention given to it by a popular figure such as Elon Musk. Launched in 2013, Dogecoin famously came to the surface as a meme. But as time passed, Dogecoin gained the status of a reliable cryptocurrency. Surprisingly memes have played a vital role in its success.
Unlike cryptocurrency like Bitcoin, you can create as many Dogecoins as you want, making the currency liable to devaluate with the increase in supply. In 2017, its value was $0.0002. By the end of November2021, its value increased to $0.22.
Launched by Satoshi Nakamoto in 2009, Bitcoin is known for its originality in the crypto world. Bitcoin transactions are carried out on blockchains to log transactions across several computer systems.
Bitcoin’s value has risen incredibly as it is now considered one of the most popular cryptocurrencies. About 5 years back, Bitcoin was available for as low as $500. Now, as we look at Bitcoin in 2022, its price has risen to $57,000. That is a rise of almost 11,400%.
This coin can be utilized to pay fees and trade purposes in a crypto form on one of the world's largest cryptocurrency exchanges - Binance.
Binance was introduced in 2017; it has expanded a bit, facilitating investors on Binance’s platform since then. Now, traders can use it to make travel arrangements as well. One feature of a Binance coin is that users can trade it for other cryptocurrencies like Bitcoin or Ethereum.
Ethereum works on both blockchain and cryptocurrency platforms. It's a program that is a favorite amongst developers. With its smart, auto contracts, highly potential applications, and non-fungible tokens(NFTs), the cryptocurrency has experienced significant growth in the past five years.
Five years down the line, its value has increased almost42,000%, from about $11 to almost $4,700.
Choose the best cryptocurrency to invest in for you. We hope that now you know which are the go-to cryptocurrencies in the crypto world these days!