Currently there are over 2,900 cryptocurrencies in existence. With so many options to choose from, it’s only wise to invest in the best performing coins.
While bitcoin remains a trend setter in the crypto space some alts seem to be going a different route than bitcoin – sometimes. Bitcoin had an all time high of $42,000 but now stalls at an average price of $31,000. While investors are on the lookout for more institutional investors some alts have recorded impressive all time high.
Bitcoin no doubt is still the leader of the pack but there are other cryptocurrencies that could fetch good yields on investment. In no particular order, here are some currencies you should be on the lookout for and consider investing in now.
Launched in 2017 by forking the bitcoin blockchain, bitcoin cash has been doing relatively well since its launch. The currency was launched on the premise that bitcoin’s one megabyte block size would not be able to accommodate more investors and users adopting cryptocurrencies.
Although bitcoincash has definitely seen dark days, it has seen significant price surges over the last year and it is currently bullish. Ranked 9th Cryptocurrency in the world, it has a market cap of $8.39 billion and a 24 hour volume of $2.76 billion.
For the past few days aave has been hitting all time highs after all time highs. This coins uptrend is one that catches the eye of veteran crypto investors. The coin is currently valued at $255 but with its current trend and there’s a possibility of reaching $294.
Ranked 16th cryptocurrency globally it has a market cap of $1.34 billion and a circulating supply of 12.8 million. Aave’s total supply will be 16 million which is lesser than that of bitcoin. This could make the coin see frequent surges as its demand will greatly outweigh the supply.
Polkadot is definitely one of the hottest coins right now. It is now the 4th biggest coin with marketcap of $16.72 billion.
Created in 2016, some have dubbed it to be an alternative to ethereum presumably because it was developed by ethereum’s co founder. However, polkadot was created on an entirely different concept other than ethereum.
The coins potential has attracted a investors who claim to be getting juicy returns on thier investments. This has pushed the price polkadot rapidly.
Mid 2018 chainlink was not in the top 100 cryptocurrencies. It’s meteoric rise to becoming the 7th coin right now makes it an instant attention grabber.
Chainlink was created to facilitate communication between smart contract application s on any blockchain. 2020 has been a great year for chainlink the technology it provides makes it one coin that cannot be ignored in the crypto space.
Chainlink opened 2020 with $1,20 in 2020, by August it reached a remarkable $20. A fantastic 1100% rise ok only 8 months.
It’s only about a month into 2021 and we’ve seen a almost a year’s worth of action in crypto. We might see more cryptocurrencies coming out of the shadows and raking in ridiculous ROI for investors.
However, cryptocurrencies are notoriously volatile assets and investing in them requires detailed research.