Cryptocurrencies have presented more than opportunities to the economic sector. The top cryptocurrencies to invest in are comprised of popular names as well as unpopular ones.
Before we proceed we need to understand that Bitcoin was the first successful cryptocurrency, any other project created after that is considered an Alternative Coin or Alt Coin.
As of November 2021, the overall market value of the cryptocurrency market was estimated to be worth 3 trillion by Coinmarketcap.com, though the recent bearish/downtrend has caused panic in the market over the past few months.
There is still reason to invest in these five coins we are about to talk about, Warren Buffet one of the greatest investors alive once said “the best time for you to buy from the market is when people are not buying or leaving the market.
The first cryptocurrency we will suggest for you to invest in is Bitcoin (BTC). Bitcoin is the first successful and dominant cryptocurrency created.
They have a market cap of $377.49bn. Major cooperation like Tesla(TSLA) and Block Inc(SQ) already hold bitcoin on their balance sheet.
Ethereum(ETH), is the second token/coin on our radar. It was created as an alternative after the success of BTC, it is estimated to be $128.99bn.
The next project we will discuss is Tether(USDT),stablecoin, a type of cryptocurrency pursuing a steady valuation.
Tether is used by investors who want to avoid the volatility, typical of cryptocurrencies while holding funds within the cryptosystem. Its market cap is $66.156b
Forth project is Binance(BNB), Binance has the largest exchange and trade platform.
Binance’s daily trading volume was more than five times that of the second largest cryptocurrency exchange by volume, with $12 billion in volume compared to $2.1 billion in volume on FTX.
Last, we suggest you invest in Polygon(Matic).
Polygon, with a market cap of around $4.6 billion, aims to help initiate the mass adoption of cryptocurrency by increasing the scalability of Ethereum. Polygon’s, technology aims to allow potentially limitless decentralized apps, or dApps, to run on Ethereum, growing its utility to the masses that way.