9 Best Cryptocurrencies to Invest in Now

Crypto trading can be lucrative if the trader can monitor the market and identify the right coins to invest in. With over 6000 cryptocurrencies to choose from, picking the best one with high growth potential can be difficult. In this article, we will take a look at some of the best cryptocurrencyyou can invest in right now.

Last month was a very good month for the great crypto world. Bitcoin was the top leader with a remarkable gain of 25.8 percent. When BTC yields a good rate of return, it is usually a favorable sign for the whole crypto space. This indicates that investors are becoming more interested in digital currencies. In a rapidly changing industry, the following are the 9 best cryptos you can invest in right now.

Bitcoin (BTC)

The recent rise in Bitcoin was the result of a few catalysts, one of which was the launch of the first Bitcoin-focused exchange-traded fund in the U.S. The Proshares Bitcoin Strategy ETF started trading on October 19, with excitement about the continuous spread of digital asset that drove BTC to an all-time high of $66,930 the next day.

The invention of Bitcoin in 2009 changed money forever and paved the way for blockchain-based, decentralized currencies that were not issued by any country. The high liquidity associated with Bitcoin makes it the perfect investing choice if you are looking for a short-term profit. Its potential to become a store of value on the balance sheets of corporate America makes it a Must-Have Cryptocurrency.

Ethereum (ETH)

 

Ethereum is the next best cryptocurrency on our list, and it is probably the only digital asset outside of Bitcoin that deserves to be called a blue-chip cryptocurrency. Bitcoin has a market capitalization of more than 43 percent, while Ethereum has a market capitalization of more than 19 percent. No other coin has even 4 percent of the market share. In 2021, ETH has eaten into BTC's market share, starting the year with only 10.8 percent of the market share.

One of the main reasons for Ethereum's rise in popularity and the major way it differs from Bitcoin is its function as a platform for decentralized finance. Developers like to build decentralized applications on Ethereum, which is the most widely used blockchain in the world and the go-to network for modern technology like NFTs or nonfungible tokens. Ethereum hit an all-time high on October 29.

Solana (SOL)

Despite the fact that 2021 has seen the introduction of a number of crypto tokens, Solana may be the year's most amazing underdog tale. SOL rocketed to the top 10 cryptocurrencies by market cap in September after starting the year with only 0.01 percent of the market. Apart from stablecoins, SOL has topped the top five lists. Its success story has been driven by technological ingenuity rather than stupid meme-induced speculative passion.

 Just like Ethereum, the Solana protocol was designed to make it simple to create DApps. However, the network is faster, has much lower costs, and is meant to be more scalable than competitors. In late October and early November, Solana repeatedly hit the all-time high.

Tether

 Tether was launched in 2014 and was previously known as a Real coin. It is one of the first cryptocurrencies to be backed by US dollars and the Euro, with a theoretical value equal to one of those currencies. One good thing about Tether is that it can be sent anywhere in the world much faster and with lower fees than transfers at banks and other financial institutions.

Though most people would avoid using Bitcoin or Ethereum for everyday purchases and transactions because of their high volatility, it makes perfect sense to use Tether. This is one of the 10 digital currencies with the highest demand in the cryptocurrency market and one of the best cryptocurrencies start investment in right now.

FTX Token

 

This is a one-of-a-kind cryptocurrency that serves as the native token for the immensely successful FTX platform, a crypto derivatives platform that started in 2019. The company has been in the news recently after receiving a $25 billion value in a private investment round in October, an increase of $7 billion in just three months.

The company is also attracting great attention from the recent "60 Minutes" profile. FTT is a so-called altcoin because it is a non- Bitcoin cryptocurrency; the token has gained about 1,000 percent in 2021 and has a market capitalization of more than $7 billion.

Cardano (ADA)

Cardano is another token eroding Bitcoin's dominance, this is top-five crypto if you remove Tether, which is pegged to the US dollar. When evaluating the worth of a given digital currency, unlike the stock market, there are no price-earnings ratios or quarterly financial reports to work with. Qualitative details are important, which is the major reason having Charles Hoskinson, a co-founder of Ethereum, as a Cardano funder gave the coin instant credibility when launched in September 2017.

The prices of Cardano have been soaring lately. Cardano's market capitalization is currently USD$76,941,586,407, with a fully diluted market capitalization of USD$108,066,400,817. The token is ranked third in the list of the best cryptocurrencies for investment, after Bitcoin and Ethereum.

Binance Coin (BNB) 

 

This is another interesting cryptocurrency with a market capitalization of over $88 billion. One of the world's largest cryptocurrency exchanges. The coin has grown beyond popularity, going from 10 cents in its initial coin offering in 2017 to around $ 550 today. The price of BNB has risen more than 1,300 percent so far in 2021.

The Binance coin is hoped to improve the operation of the Binance exchange and its network run more smoothly. It supports various utilities such as exchanges fees, trading fees, listing fees, and any other fees on the Binance exchange. Customers can pay transaction fees on the exchange with BNB tokens.

Yield Guild Games (YGG)

YGG is a decentralized autonomous organization that has developed a community of online investors and players who partake in a virtual economy. The company Invests in NFT and distributes the income from the rental of these virtual assets with its "guild members." If you are in need of virtual currencies with a good return on investment, YGG can be a fantastic choice.

The Yield Guild Games price was $6.393 USD on 13-11-2021. If you purchase Yield Guild Games today for $100, you may receive a total of 15.641 YGG in 2026. And your current $100 investment may be worth $1520.08 in 2026.

Dogecoin (DOGE)

 

 

Lastly, Dogecoin is one of the best cryptos with a market capitalization of about $38 billion dollars. It has been a hot topic thanks to celebrities and billionaires like Elon Musk. Dogecoin was established in 2013, but quickly became a prominent cryptocurrency choice, thanks to its dedicated community and creative memes. In 2017, the price of Dogecoin was $0.0002. Its price had risen over 145,000 percent by Oct. 29, 2021, to $0.29.

Another reason to consider Dogecoin is that celebrities like Elon Musk, CEO of Tesla, Snoop Dog, and Paris Hilton have taken on Dogecoin. These celebrities have millions of followers and it is clear that they have a powerful influence on their users. Therefore, people who don’t have ideas about cryptocurrencies like Dogecoin are now considering investing in them.