by Shivani Muthyala
September 29, 2021
Cryptocurrencies are popular these days with increasing demand for digital currencies. Most people think cryptocurrency is just all about Bitcoin but it has, even more, to do beyond that. Are you one among those who want to invest in cryptocurrencies other than Bitcoin? Then this article is for you. Here are the best cryptocurrencies to invest in this September for high returns.
In the list of top cryptocurrencies, Ethereum comes the second decentralized software platform that enables smart contracts and decentralized applications to build and run without any downtime, interference, control, fraud from a third party. The aim behind Ethereum is to create a decentralized suite of various financial products that everyone across the globe has access to irrespective of nationality, ethnicity, or faith. Trading at around the US $3,600 per ETH as of September 2021, this cryptocurrency has a market cap of half of the Bitcoin’s. It is one of the top cryptocurrencies to invest in in 2021.
Litecoin was introduced in the year 2011, this is among the top cryptocurrencies which followed Bitcoin and it is also referred to as “silver to Bitcoin’s gold”. Litecoin is based on an open-source global payment network that is not under any control of the central authority and uses “scrypt” as a proof of work that can be decoded with the help of a consumer-grade CPU. When we look into the market capitalization of this crypto in September 2021, it is about US $4 billion and a per token value of nearly US $190, making it the top cryptocurrency in the world.
Cardano is an “Ouroboros proof-of-stake” cryptocurrency that was introduced with a research-based approach by mathematicians, engineers, and cryptography experts. Cardano focuses to become the world’s financial operating system by establishing decentralized financial products which are quite similar to Ethereum for chain interoperability, legal contract tracing, and voter fraud. Cardano has the third-largest crypto market cap of about US$71 billion and one ADA trades of nearly US$2.50. It is one of the best cryptocurrencies to invest in in 2021.
Polkadot is unique in the proof-of-stake cryptocurrency that focuses on delivering interoperability from other blockchains. The core component of Polkadot is that its relay chain allows the interoperability of varying networks. As of September 2021, this cryptocurrency has a market capitalization of about US$35 billion, and one DOT trades for US$35.25.
Bitcoin Cash (BCH)
Bitcoin Cash has a vital place in the history of altcoins as it is also one of the top cryptocurrencies and a most successful one too. BCH increases the block size from one MB to eight MBs with the idea that larger blocks can hold more transactions within them. BCH in September 2021, has a market capitalization of about US$12 billion and has a value pert token of US$640. It is one of the top cryptocurrencies to invest in in 2021.
Stellar is an open blockchain network that is created to provide enterprise solutions by connecting financial institutions to make large amounts of transactions. The native cryptocurrency of Stellar is Lumens (XLM) which is a network that needs users to hold Lumens to be able to transact on the network. As of September 2021, the market capitalization of these top cryptocurrencies is about US$565 million.
Chainlink is a decentralized oracle network that tries to bridge the gap between smart contracts such as Ethereum. The interesting part is that the Chainlink oracle can track the data and feed it directly into a smart contract. The market capitalization of this cryptocurrency is about US$13.5 billion as of September 2021. This is also among the top cryptocurrencies on the market list. It is one of the best cryptocurrencies to invest in in 2021.
Binance Coin (BNB)
Binance Coin is a utility cryptocurrency that takes care of and operates as a payment method for fees that are associated with trading Binance exchange. The coin was prior to an ERC-20 token that operated on the Ethereum blockchain. The network uses a proof-of-stake consensus model and has about US$71 billion market capitalization as of September 2021.
Tether is one of the most popular cryptocurrency that is backed by USD. The price of this cryptocurrency is directly tied to the price of a dollar. It allows individuals to utilize a blockchain network and related technologies to transact with digital currencies. Tether is also one of the top cryptocurrencies in the market with about US$68.3 billion as of September 2021. It is one of the top cryptocurrencies to invest in in 2021.
Monero is a private, secure and untraceable currency that is an open-source cryptocurrency. Monero has come up with something of an unsavory image: it has been linked to criminal operations across the world because of its security. It has a market capitalization of about US$245 million and a per token value of US$265 as of September 2021. It is one of the best cryptocurrencies to invest in in 2021.
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