Four Best Performing Cryptocurrencies So Far

Four Best Performing Cryptocurrencies So Far

The advancement and innovation in payment methods have reached a whole new level with the increasing popularity of cryptocurrency. You probably have already read or heard about it. Cryptocurrency is a commonly discussed topic these days.  Everyone seems to be talking about it or discussing its trade and market trends. Many people think that it is just like trading stocks, but that’s not the case. So what’s new? Keep reading if you want to know.

To explain in easy words, Cryptocurrency is a form of virtual money. They are a decentralized and democratic alternative to traditional currency. There are more than 10,000 cryptocurrencies. So which currencies are the best? The most unbiased way of determining the top cryptocurrencies is by studying their market caps. Market caps of digital coins can be calculated by multiplying the current price with the supply circulation. We’ve made a list of the four best performing cryptocurrencies so far.

1. Bitcoin

Bitcoin unsurprisingly still tops the table as the most popular cryptocurrency globally, with a market cap of nearly $1.1 trillion. If Bitcoin were a company, it would’ve outperformed the biggest companies like Meta Platforms (Facebook) and Tesla. Bitcoin is the first digital currency, and this fact still favors it, making it much more widely accepted than all other digital coins. It continues to enjoy being the best performing and most expensive cryptocurrency mainly because it’s been in the market longer than others. If you want to buy Bitcoin in Pakistan, you should know that one bitcoin equals 10,085,909.70 PKR. (Dated 22/11/2021)

 

2. Ethereum

Not even close to Bitcoin, but Ethereum ranks No. 2 to Bitcoin on the list of the most well-performing cryptocurrencies with a market cap of around $500 billion. Although it’s not even half the size of Bitcoin, some people still believe that Ethereum can be the next Bitcoin.

Unlike Bitcoin, which has created value as a “digital gold,” Ethereum is a software-compatible currency based on a blockchain mechanism. You can use ether, a cryptocurrency associated with Ethereum, to interact with the platform. It can also be bought and held as an asset. Though it is very common among developers, some people also invest in this crypto because they believe it has the potential to be worth more over time.

3. Binance Coin

Binance is the biggest cryptocurrency exchange operator globally; therefore, it is not a surprise that Binance Coin ranks third on the table of best performing digital coins in the market and has a market cap of over $96 billion. Since it’s the native coin of the Binance exchange, investors receive discounts while paying transaction fees with Binance coin. Binance reduces a quarter of the supply of digital coins based on trading volume. One hundred million coins will be removed with these quarterly coin burns over time. This amount equals half of the total supply and is intended to increase the value of Binance Coin.

4. Tether

Tether comes after Binance coin ranking as the No. 4 best-performing cryptocurrency in the world with a market cap of around $73 billion. Tether may be 4th in the hall of fame, but it tops the list of Stablecoins. Stablecoins are those coins that tie their value to another asset which for Tether is the US dollar. To explain, Tether can be called a “crypto-dollar” that maintains its worth similar to the physical U.S. dollar. However, whether Tether has or doesn’t have sufficient reserves to back all of its digital coins has been a controversy.  If you want to buy Tether in Pakistan, you can buy it at the same rates as the US dollar. If you’re looking for a Tether exchanger in Pakistan, C4Changer can provide you with a safe and secure platform.

Why C4Changer:

C4Changer is an automated platform working 24/7/365, allowing you to buy, sell or exchange without any complication. By just selecting the exchange direction and doing as the instructions say, you will be able to trade between all kinds of digital coins. We take the utmost care in your privacy, security, and protection giving you the best quality service and the best rates.

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