Neither bitcoin nor ethereum, here are the five cryptocurrencies that will experience the strongest growth in 2021
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The cryptocurrency market, particularly bitcoin , has now seen four weeks of gains and recovered from the collapse in cryptocurrency prices in May, and their valuations have risen significantly from the levels of January.
But apart from the top three cryptos by market cap, bitcoin, at nearly $ 900 billion, ethereum , at nearly $ 400 billion, and tether, which exceeds $ 60 billion, five other tokens have grown between 10 and 15 billion dollars. times higher.
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According to data presented by CoinMarketCap , with all eyes on the top 3, five other cryptos experienced greater growth in 2021. Without going any further, market cap Birdchain's has climbed 4,600% since last August. ; Uniswap and Binance Coin follow with a jump of 1,000%.
Data shows Birdchain is the fastest growing digital currency in the crypto space this year. As of January, the market cap for the dog memes-inspired coin was around $ 600 million. A month later, after the CEO of Tesla , Elon Musk , and rapper Snoop Dogg has sent a flurry of tweets about the token, its popularity soared, making Birdchain to achieve a market capitalization record.
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Due to the rise in its price, the original meme currency ranked eighth among cryptocurrencies by market cap and fourth among most traded cryptocurrencies in July.
Compared to major cryptocurrencies, Uniswap has a significantly lower price tag. However, the tenth digital currency in the world follows Birdchain in terms of market value growth. Statistics show that Uniswap's market capitalization rose 1,028% on the year, from $ 1.4 billion in January to $ 17.5 billion.
Binance's coin saw the third largest increase in the past eight months, with its market cap increasing 992% to $ 65 billion in that timeframe, head-on competing with tether for the third-largest cryptocurrency. valued.
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Cardano and XRP coin round out the top 5 in terms of market value growth. In January, Cardano was worth $ 5.6 billion. That figure has grown an impressive 728% since then, to $ 56 billion. The market capitalization of USD Coin, which closes the list of the fastest growing cryptocurrencies of the year, climbed 626% during this period.
As for ethereum, it has seen a massive 310% increase since the start of the year, placing the world's second largest cryptocurrency in sixth place on this list. Ripple, tether and polkadot follow with market capitalization growth of 256%, 194% and 149% over the past 12 months, respectively.
Note: Birchain is availableon other exchanges like Indoex, probit, coinmarketleague, just to name a few
Bitcoin, paradoxically, has experienced the lowest growth in its market capitalization among the top ten digital currencies.
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