In today’s cryptocurrencies market there are thousands number of crypto is available, but we are going to see the top 10 cryptocurrencies in 2021.
All the cryptocurrencies are huge and hard to understand the technology behind them, but getting a little bit about fundamentals and technical analysis can make it easy to understand these cryptocurrencies.
Top 10 cryptocurrencies in Today’s Market – 2021
Below cryptocurrencies are highly volatile and there is a large number of trading activities happening on this crypto on a daily basis and this are the Top 10 cryptocurrencies in 2021 based on market Cap.
So while choosing the right coin for investment make sure that you have the right analysis on your desk.
1. Bitcoin
It is the first and highly popular decentralized cryptocurrency that is building and works on cryptography for secure transactions.
It is operated with no central authority and is not controlled by any centralized bank in the world means there is not any mediator.
It is a function on a peer-to-peer network that means one to one connection and it is decentralized nature allows users to send and receive funds without any intermediary control.
Symbol – (BTC)
Market Rank – 1
Market Capitalization – Over ₹ 91,57,344 CR.
Circulating Supply – 2 CR. BTC
2. Ethereum
In the world of crypto Ethereum is an open-source decentralized blockchain platform and it has its own native cryptocurrency called Ether (ETH) and Among all the cryptocurrencies, Ether is the second-largest cryptocurrency based on market capitalization.
The stage permits anybody to send extremely durable and unchanging decentralized applications onto it, with which clients can communicate.
Decentralized money (DeFi) applications give a wide cluster of monetary administrations without the requirement for run-of-the-mill monetary mediators like financiers, trades, or banks, for example, permitting digital currency clients to get against their possessions or loan them out for revenue.
Symbol – (ETH)
Market Rank – 2
Market Capitalization – Over ₹ 36,45,245 CR.
Circulating Supply – 12 CR. ETH
3. Binance Coin
It is the third-largest cryptocurrency based on a market cap called Binance Coin (BNB) and it is based on the ERC20 token issued on the Ethereum blockchain.
It is developed and issued by top cryptocurrency exchange Binance and With this cryptocurrency, you can pay a сommission for transactions on the exchange and you can receive extra discounts based on transactions.
Symbol – BNB
Market Rank – 3
Market Capitalization – Over ₹ 6,02,453+ CR.
Circulating Supply – 17 CR. BNB
4. Cardano
Cardano is a publicly built blockchain system based on decentralization, It is open-source and supports proof of stake.
ADA can perform peer-to-peer transactions within the platform between Cardano (ADA) cryptocurrencies.
Cardano (ADA) uses a proof-of-stake blockchain concept, and it is the largest cryptocurrency better alternative to proof-of-work protocols.
Symbol – (ADA)
Market Rank – 4
Market Capitalization – Over ₹ 535863+ CR.
Circulating Supply – 3319 CR. ADA
5. Tether
Tether is a cryptocurrency token issued by Tether Limited, also called Digital USD and the symbol of the tether is (USDT).
It is one of the stable coins that means it was developed specifically to ensure the stability of its price in the crypto market.
Tether price is mostly similar to USD and Tether (USDT) is connected to USD in a one-to-one ratio and this cryptocurrency was fast to find its place in the crypto market.
Symbol – (USDT)
Market Rank – 5
Market Capitalization – Over ₹ 522116+ CR.
Circulating Supply – 6966 CR. USDT
6. Solana (SOL)
It is a cryptocurrency built with an open-source project based on proof of History combined with proof of stake consensus on the blockchain.
It is intended to facilitate the creation of decentralized applications around DeFi the very crucial feature of blockchain and the P2P network of computers.
Solona claims that it is able to perform 50,000 tractions per second without losing decentralization with a block time of 400ms and this is a massive feature as compared to speed.
Symbol – (SOL)
Market Rank – 6
Market Capitalization – Over ₹ 420710 CR.
Circulating Supply – 30 CR. SOL
7. Ripple
Ripple or XRP is an old cryptocurrency same as Bitcoin developed by Ripple Labs Inc, published in 2013, it is used in a Ripple system for currency exchange, real-time gross settlement, and remittance network, and others.
XRP is one of the top cryptocurrencies in terms of market capitalization and its usability, it can be available to buy on almost every cryptocurrency exchange.
Ripple is made on a distributed open-source protocol and it carries tokens depicting cryptocurrency, commodities, or other Digital Assets, etc.
Symbol – (XRP)
Market Rank – 7
Market Capitalization – Over ₹ 3,88,515 CR.
Circulating Supply – 4,695 CR. XRP
8. Polkadot
Polkadot is a heterogeneous block of multichain architecture that enables outside networks as well as a customized layer to communicate, creating an interconnected network of blockchains.
Polkadot (DOT) Cryptocurrency network utilizes an environmentally-friendly proof of stake consensus algorithm to build the chain.
Symbol – (DOT)
Market Rank – 8
Market Capitalization – Over ₹ 3,23,012+ CR.
Circulating Supply – 99 CR. DOT
9. Dogecoin
Dogecoin (DOGE) is a cryptocurrency coin that was originally designed as a joke but technically it was designed based on the Litecoin source code.
Recently the Dogecoin price progressed as the coin became more popular in several crypto exchanges and the market capitalization is getting bigger In the crypto market.
Symbol – (DOGE)
Market Rank – 9
Market Capitalization – Over ₹ 2,62,509+ CR.
Circulating Supply – 13,185 CR. DOGE
10. USD Coin
USDC is a cryptocurrency token built on the Ethereum platform also, works as the stable coin in the crypto market and its purpose is to create an extensive and durable financial system.
The value of the USD coin appears from its capacity to convert a safe shelter during severe market conditions.
USD Coin enables unbanked and under-banked people in the world to operate a US dollar-backed asset with just a mobile phone.
Symbol – (USDC)
Market Rank – 10
Market Capitalization – Over ₹ 2,43,697+ CR. Rs
Circulating Supply – 3251 CR. USDC
Conclusion
All the above cryptocurrencies are very popular Top 10 cryptocurrencies 2021 with huge market capitalization and these are the blue-chip crypto investment for the future.
Based on technical analysis these are the future-based cryptocurrencies tokens to solve the financial as well as technical issues.
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Meet Hardhik, a seasoned professional analyst with a master’s degree in Data Science and Analytics from Dublin Business School, Ireland. With a robust background in the analytics industry, Hardhik is an expert in utilizing data analysis tools and technologies. His passion extends to coding and sharing his expertise through technical blogs. Join us in exploring the intersection of data science, analytics, and technology with Hardhik as your guide.
