The crypto market is extremely volatile and the rising number of individual cryptocurrencies across the globe is giving cutthroat competition to the existing players of the market. Over years, the crypto market has realized massive highs and lows, to a point where it almost perished into the bear market.
However, in the last two years, most of the cryptocurrencies have seen a steady growth until November, and it was expected that the market will hit over 3 trillion capitalizations by next year. Perhaps, the volatility stroke again dropped the market value of many unstable digital assets except for those who still managed to grow through the dipping market.
In this article, we have elaborated about the top 5 cryptocurrencies with high market capitalization which can be bought from the trading platforms like cryptogroupsoftware.com.
Bitcoin (BTC): Satoshi Nakamoto published his white paper on the blockchain system which got widely popular by the name of Bitcoin. It became the first digital currency to be used for online exchange of ownership. Over years, Bitcoin’s market price has seen both, potential growth as well as a discouraging dip. Irrespective of what the remaining cryptocurrencies are surfing through, Bitcoin always makes its place among the top growing cryptocurrencies. In 2021, BTC stood at a market price of $32, 782.02, which further had an increase of 27.67% and stood at approximately $41, 854.32. According to the report, the current market capitalization of BTC as of 10 Jan 2022 is $775.40 billion and is expected to grow to 1.08 trillion by the end of 2022.
Ehtereum: Ethereum is just behind Bitcoin, which is an open-source decentralized platform for cryptocurrencies. Ethereum primarily trades its crypto in-house digital asset called Ether. However, it has made its platform available for other cryptocurrencies as well which makes it even more popular in the crypto exchange. The analysts also predicted that Ethereum has the potential to even beat Bitcoin and take the 1st rank among the cryptocurrencies. ETH was valued at $975.51 this time last year, which has now grown to $3152.74 with a rate of 233.19%. The market capitalization of ETH as of Jan 2022 is $362.24 billion making it one of the ideal choices of investment.
Binance Coin: Binance coin is another such digital currency that can be used for feasible and cost-effective online trading and other complex payments without the involvement of any third party. This is among the most reliable and stable cryptocurrencies which can gain greater benefits to the investors in 2022. The market price of BinanceCoin in 2021 was $41.15 which drastically grew by 967.68% to become $439.35 as of Jan 2022. The present market value of BinanceCoin after potential growth stands at $104 billion.
Solana: Solana is very popular when it comes to generating higher returns through the digital wallet of the top investors. It is one of the cryptocurrencies which has a higher adoption rate globally, and its censorship-resistant blockchain makes it even more effective and efficient. Investors are stressing much in Solana for the long-term investments because of its increasing token of about 300%, making it among the top 10 cryptocurrencies. It is also predicted that
Solana will see an increment of 46% in the early quarter of 2022. The current market capitalization is valued at $64 billion.
Cardano: Cardano is popular because of its proof-of-stake authentication. A decentralized and open-source platform that majorly trades their in-house digital asset, ADA. ADA has a much more effective growth rate and is predicted to grow further in 2022. Thus, making it among the top 10 cryptocurrencies. Cardano gives top competition to big shots like Bitcoin and Ethereum. Cardano’s ADA was valued at $0.205 in 2021 which further increased by 470.73%, pushing the price to $1.17. The current market value of Cardano is estimated to be around $52 billion, making it among the upcoming booming cryptocurrency.
Apart from the above mentioned cryptocurrencies, a few other digital currencies like Aave (Market Cap: $38 B), Dogecoin (Market Value: $23), and Shiba Inu (Market Value: $20 B) are rapidly growing cryptocurrencies investors are talking about. Shiba Inu has been growing exponentially because of the committed community and its association with NFTs. It can be estimated that by the end of 2022, there will be more potential options to choose from for profitable investments in crypto exchange.