This guide tracks top market cap cryptocurrencies and explains why some investors see value in them.
Keep in mind there is no guaranteed way to pick the best crypto to buy now – instead, use this as general information to help make your own investment decisions.
This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.
What are the best cryptocurrencies to buy now?
Deciding on what to invest in will depend on what you're looking for.
Short-term investments are hard to pick. In addition to price data, consider using social media sentiment analysis and news to contextualise what price movements might mean and make an educated decision.
Keep in mind that most big run-ups in price are usually followed by a correction where the price comes back down after reaching a peak. So it is up to you to implement a strategy that allows you to exit with a profit before the market turns.
If you're investing over the long term, then you may want to consider "blue-chips" like
Bitcoin (BTC) and
Ethereum (ETH) which have a relatively well-tested track record. These coins have been adopted by financial institutions around the world and have utility beyond speculative investing.
The top 10 cryptocurrencies by market cap is filled with several of these potential long-term investments. Let's take a closer look at them and understand why they are a part of so many investment portfolios. Doing so may help you understand what qualities to look for in other crypto assets, and help you make better investment decisions.
1. Bitcoin (BTC)
Bitcoin (BTC)
Bitcoin (BTC), released in 2009, is the world's first cryptocurrency. It was created by a person or persons known only by the pseudonym Satoshi Nakamoto. It pioneered blockchain technology and gave birth to a multi-billion-dollar industry.
Bitcoin is a widely accepted form of currency that is not controlled by any government or corporation and can be sent to anyone, anywhere in the world.
Since its release, Bitcoin has witnessed exponential growth and outperformed every asset class over the past decade.
Why do people think BTC has value?
Although it was designed as a peer-to-peer trustless digital payment system, many now consider it more of a store of value than a means of payment. It has even been called 'digital gold' due to its limited supply of 21 million coins and the difficulty involved in creating new ones.
Market rank#1
Market cap$1,317,688,492,828
Total supply21,000,000
Circulating supply19,656,693