Cryptocurrency is grabbing the attention of investors both for long-term and short-term investment. If you are reading this that means you are looking for the right crypto to invest in and hold to gain maximum profit without doing much. There are more than a thousand cryptocurrencies in the market which makes it quite difficult for new investors, in this article we have shortlisted the top 10 cryptocurrency to buy and hold based on their market cap, current price, and how dose it work.
Top 10 cryptocurrency to buy and hold
Bitcoin is the first and most popular cryptocurrency and ranks first in terms of market cap and price. BTC was created in the year 2009 by Satoshi Nakamoto. It is a decentralized system that records transactions in a distributed ledger called a blockchain. Bitcoin is one of the best digital currencies to invest with a market cap of over $845B and a price close to 42,340 USD. Furthermore, as compared to other coins it has fewer risks and high returns so if you are a new investor you can surely invest and hold this coin.
BTC price in 2016 was just $500; by September 2021, it had risen to over $42,340, a gain of almost 8468%.
This cryptocurrency is one of the most popular cryptocurrencies after Bitcoin and ranks second in terms of market cap and price. As the brainchild of 8 co-founders, Ethereum was launched in 2015.
It is a decentralized finance (Defi) system through which you can send, receive, borrow, earn interest, and even stream funds anywhere around the globe. It works on blockchains that use “proof of work” to mine new coins and validate transactions. This crypto has a market cap of about $351 billion and a price of $2,905.5.What makes it suitable to buy and hold is its smart contracts which are more advanced than any other digital currency till now. So if you are a new investor you can surely go for Ethereum and hold this coin as it is promising and reliable as well.
ETH price in 2016 was just $11; by September 2021, it had risen to over $2,905.5, a gain of almost 26,409%.This coin could be ranked number one in the list of top 10 cryptocurrency to buy and hold.
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Cardano was launched by one of the co-founders of Ethereum Charles Hoskinson. It is one of the most stable coins in the market and always ranks in the top 5 digital currencies with a market cap of around 73B USD and a price of around 3$. It is a proof-of-stake blockchain platform. What gives this altcoin a boost is a future possibility of handling smart contracts which were launched in September.
Cardano’s (ADA) price in 2017 was just $0.02; by September 2021, it had risen to over $3, a gain of almost 15,000%.
Binance coin was created in the year 2017 at its starting phase it worked on ETH blockchain. BNB always ranks in the top 10 digital currency this coin has a market cap of 57B USD and its price today is $435.58. This coin has expanded its network to various applications for payments, booking a trip, and various other platforms and consolidated its network, which makes it favorable to invest for the long as well as short term.
BNB’s price in 2017 was just $0.10; by September 2021, it had risen to over $435.58, a gain of almost 435,000%.
XRP(Rippel) was created by Rippel Labs Inc a US-based tech company in the year 2012 whose main intention was to make international money transfers faster, cheaper, and easier. Currently, it has a market cap of 43.494B USD and a price close to 1.14$. It works with the most advanced blockchain technology which makes its payments very fast.
XRP(Rippel) price in 2017 was just $0.006; by September 2021, it had risen to over $1.14, a gain of almost 19,000%.
This cryptocurrency has a market cap of 30.854B and a price close to 32$ per coin. It works on proof-of-stake technology, unlike other digital currencies available in the market. Furthermore, its best feature is that allows an independent blockchain to share information, and creates decentralized apps which have made it a promising cryptocurrency in the market with high returns for investors. Between September 2020 and September 2021, its price grew 1092%, from $2.93 to $32.
Tether was launched in the year 2014 on the Bitcoin blockchain, currently, it has a market capitalization of over $64 billion and a price of 1.07USD. This digital currency is known mainly for its stability its value is pinned to the US dollar and Euro which means Tether is backed by an equal amount of conventional money stored in banks like the dollar-euro, or yen, that’s the reason why it is one of the best coins to start investment with low risk as compared to other digital currencies.
This meme coin was launched in the year 2013 as a joke, the main purpose of Dogecoin creation was to satirize the buzz around altcoins by making the doge meme into a digital currency for investment. The joke soon took a turn after tweets celebrities and billionaires like Elon Musk and now Dogecoin is one of the prominent crypto coins in the market with a market cap of $40 billion and currently priced at 0.21 dollars.
As compared to other blockchains Dogecoin has faster transactions, with 1-minute block intervals. Since there is no limit to the supply of this coin like Bitcoin and many other coins, Dogecoin can inflate infinitely. Launched in 2017, its price started at $0.0002. By September 2021, its price reached $0.22, a gain of 100,000 %.
USD Coin (USDC)
This cryptocurrency functions the same as Tether and has a market capitalization of $23 billion and its price is around 1 dollar. Additionally, it is powered by Ethereum so you can use this coin for global transactions or payments.
This cryptocurrency has a market capitalization of around $20 billion, SOL price today is $128.30.It runs on hybrid proof-of-stake and proof-of-history mechanisms which makes transactions quick and secure.
Launched in 2020, its price started at $0.77. By September 2021, its price reached $128.30, a gain of 16,666 %.
Market caps and pricing current as of September 26, 2021