- Top 5 crypto to buy this month — BTC, ETH, ADA, BNB, SOL.
- Bitcoin (BTC) is the prime crypto asset in the trending market.
Digital assets have been the top-performing asset class for most of this year as the world struggles with the global pandemic. Surpassing a $2 trillion value, the nascent industry sees more interest from global investors.
This article highlights the five top cryptos to buy this month.
Bitcoin (BTC) is considered as the prime crypto asset in the trending market. Notably, BTC is the best performing crypto-asset worldwide. Since the launch of BTC in 2009 for a price of $0.08, BTC has raised over 9 million percent.
More so, the benchmark crypto not only increased in value but led the crypto market to a $2.5T value. All-in-all, BTC’s intrinsic capacity to stay as a store of value has seen retail and institutional investors to add BTC to their portfolio.
Currently, the BTC is trading at $45,921.64 with a 24-hour trading volume of $27,930,956,168, at the time of writing.
The second most valuable virtual asset is Ethereum (ETH). Moreover, ETH is considered as the official home of few of the top decentralized application (DApps) platforms in the crypto industry. More so, the proof-of-work (PoW) plays a major role in the growing adoption of decentralized finance (DeFi). This is considered to be the future of financial services and NFTs.
In addition, the growing DeFi and NFT sub-sectors has created many interests in ETH. This is because ETH is utilized as a crypto asset to facilitate exchange of both the sub-sectors. Added to this, ETH’s gradual transition to a proof-of-stake (PoS) protocol has seen it become popular for ESG-minded investors.
As of the time of writing, Ethereum (ETH) price is trading at $3,417.36 with a 24-hour trading volume of $17,248,557,773, at the press time.
Recently, the price of Cardano has increased, rising to the top three most important crypto asset rank followed by a huge price rally. In fact, Cardano has raised over $92 billion in market cap. Notably, ADA is one of the top digital assets to purchase this week. The platform is said to be an Ethereum killer.
The most anticipated release of smart contracts functionality has pushed its price to rise over its previous all-time high (ATH) of $3.10. According to CoinMarketCap, ADA price is ranging at $2.66 with a 24-hour trading volume of $7,144,222,254, at the time of writing.
Binance Coin (BNB) is connected to the world’s biggest digital asset exchange Binance. The token is utilized mainly as a discount token, BNB is utilized to reduce transaction fees on the Binance exchange. Moreover, the BTC exchange’s expansion and incorporation of BNB in most projects has seen the BEP-20 token value to surge.
According to CoinMarketCap, the Binance Coin (BNB) price is trading at $418.19, at the press time.
Solana plans to generate adoption of DeFi products and solutions like Ethereum and Cardano. Moreover, the recent surge in NFTs has also divided into hybrid-powered blockchain. More so, the Solana blockchain enjoys major adoption in the past month, with many DApps connected with the Ethereum killer because of its quick block finality and low fees. Solana helps the protocol increase the Total Value Locked from $1.2 billion to $3 billion.
Solana is considered as one of the crypto assets in the market which has risen over 100% since the start of August. In addition, SOL has broken above the previous ATH of $55.9, rising over $214 this month.
As per CoinMarketCap, Solana (SOL) price is trading at $179.05 with a 24-hour trading volume of $3,170,308,080, at the press time.
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