2021 has become a year of digital assets be it cryptocurrencies or NFT (Non-Fungible Tokens). The digital assets, mostly cryptocurrencies, have gained the interest of professional investors and masses alike as they see a quick way to earn profits.
On the other hand, a lot of popular cryptocurrencies have gained mainstream exposure and are being accepted as payment methods in various parts of the world.
As a result, market participants are regularly scouring for cryptos to buy, especially after a fall in the prices of altcoins. However, there are thousands of coins available in the market when it comes to investing in cryptocurrencies. This can be confusing at the time too.
To help you, we have jotted down the list of 10 cryptocurrencies that you can buy this December. We have sourced the market capitalisation information from Coingecko.
Disclaimer: Any action you take based on this article is solely your responsibility and at your risk.
Market cap: $914,846,475,417
The first and famous decentralised cryptocurrency – Bitcoin, is our first option. Created by Satoshi Nakamoto in 2009, Bitcoin uses peer-to-peer technology to operate with no central authority or banks. In recent times, Bitcoin’s price has skyrocketed to another level of up to 11,400%, making it the costliest cryptocurrency to date. As of writing this article, Bitcoin now values around $48,466, but it went up to $57,000.
Market cap: $488,092,803,434
Ethereum has garnered massive attention this year, thanks to its smart contract functionality. Unlike Bitcoin which is just a digital currency, Ethereum is both a cryptocurrency and blockchain platform. Ether witnessed tremendous growth this year of over 42,000% Right now, per Ether currency values around $4,100.
Binance Coin (BNB)
Market cap: $97,191,332,522
Our third suggestion Binance Coin is an exchange-based token created and issued by the cryptocurrency exchange Binance. BNB is yet another token that has seen massive growth in interest throughout the years. Thanks to numerous rounds of token burn events, the value of BNB has appreciated, pushing it up as one of the top-10 cryptocurrencies by market capitalisation.
Market cap: $77,553,699,411
Want to play safe? Tether is the best bet! Tether is the first stablecoin to be created and is pegged to another fiat currency (US Dollar )or a commodity(Gold). To make it simple, Tether mirrors US Dollar, which means, 1 Tether is equal to $1.
Market cap: $54,527,748,671
Solana is a blockchain network that is seen as a competitor to Ethereum. It is developed to help end-user applications like decentralised finance (DeFi), non-fungible tokens (NFT), marketplaces, games, and more. Another amazing thing about this coin is that it can process over 700,000 transactions per second. This cryptocurrency has grown about 26,500% this year. As of now, the currency is valued at around $177.6.
Market cap: $41,787,793,723
Cardano is a blockchain and smart contracts platform with a cryptocurrency called ADA. It follows proof-of-stake validation, a consensus mechanism for blockchain networks. Cardano too works like Ethereum to enable decentralised applications and smart contracts, powered by ADA. As of now, ADA is valued at around $1.29.
Market cap: $39,792,973,593
Ripple is the company behind the coin XRP. Unlike other cryptocurrencies, Ripple was made to connect banks, payment providers, and digital asset exchanges, enabling lower transaction fees and real-time settlement expeditions. As of now, XRP is valued at around $0.8.
Market cap: $28,561,681,854
Polkadot is a platform that enables cross-blockchain transfers of any type of data or asset, not just tokens. The platform also provides transactional scalability by spreading transactions across multiple parallel blockchains. This integration may change how cryptocurrencies are managed. As of now, DOT is valued at around $26.6.
Market cap: $26,608,764,536
The underdog coin has gone past popular dog-based meme tokens Shiba Inu and dogecoin recently. Currently, LUNA is the 9th largest cryptocurrency by market capitalisation. As of now, LUNA is valued at around $69.41.
Market cap: $22,513,076,693
DOGE needs no introduction, thanks to its godfather, Elon Musk. Introduced as a meme coin, Dogecoin quickly gained an online community and grew over 141,000% since its inception in 2013. As of now, DOGE is valued at around $0.16.