Cryptocurrency market capitalization: top five cryptocoins
Cryptocurrencies have shown incredible growth over the past year. So, almost all coins were close to their historical maximum and, unlike the situation 3 years ago, today there is an excellent chance that they will all be fixed at this level for a long time.
The five largest coins in the cryptocurrency market are as follows:
◾️ Bitcoin
◾️ Ethereum
◾️ Ripple
◾️ Bitcoin Cash
◾️ Litecoin
How have coins grown in 2020 and what is the forecast for next year?
Let's start with No. 1. Bitcoin
In January 2020, the coin was worth approximately $ 7,100 per unit. In February, the currency rose to 10,000 USD, and later in March, it sank to 5,500 USD and then showed a rapid growth up to 19,600 USD and, after a slight correction, returns to its usual growth level. Buying a lot of BTC now is risky, but it is definitely worth keeping a part of the capital in it because some experts predict it will grow to 30,000 USD in 2021.
No. 2. Ethereum
It has been a great year for the Ethereum platform. It went through a major update, switched to Proof-of-Stake, and the price increased from 130 USD to 620 over the year and, after a slight correction, like BTC, is growing at an excellent pace, and the update only contributes to this.
Buying ETH today is a great investment, since the platform is not going to slow down the growth rate, and the DeFi market, where Ethereum is almost always the collateral, will only help it accelerate.
No. 3. Ripple
This is a real meme in the crypto industry. Its price is almost always below 1 USD, and it was only in 2017 that it broke through this ceiling. However, XRP has recently shown excellent growth from 0.2 USD to 0.7 USD. He is now experiencing a correction, but the outlook is generally disappointing.
Buying XRP is definitely risky and hardly a worthwhile investment.
No. 4. BitcoinCash
Originally created as a more technologically advanced fork of Bitcoin, it was going through hard times. However, now its price chart is similar to a roller coaster, while the price has increased slightly, from 210 USD to 289 USD.
Opinions about investing in BitcoinCash differ, someone does not advise considering it as an option for diversification, while someone sees potential in it and believes that this is a good investment for long-term investments.
No. 5. Litecoin
But the second Bitcoin fork was able to please its investors in a year. A doubling growth may not seem like something serious, but given the coin's schedule and stability, it, like BitcoinCash, performs well in the long term and is a great buy that can delight investors in 2021.
The best way to buy coins is from Cryptology crypto exchange!