There are many cryptocurrencies available, but here are eight cryptocurrencies to watch .
Algo
Algo is a cryptocurrency for the Algorand blockchain platform with almost $14 billion in market capitalization. The platform supports smart contract functionality and uses a consensus algorithm based on a pure proof-of-stake system. Algo is one of the fastest-growing coins in the world of cryptocurrency, with experts projecting that it will double or triple in value by 2025. Silvio Micali, an MIT professor, founded Algo. Algo's proof-of-stake platform makes the cryptocurrency more sustainable than its rivals, a quality that is becoming increasingly vital in the environmental, social, and governance (ESG) business world.
Bitcoin
Of course, Bitcoin, the grand-daddy of them all, must be on this list. BTC accounts for around 40% of overall market capitalization. El Salvador, the first nation to make BTC a national currency, took advantage of the recent bear market to buy 150 coins in early December. Bitcoin is a risky proposition for short-term investors, but it’s a solid bet for the long haul, so it makes the list.
Binance Coin
BNB is currently the third-largest token as measured by market cap, which sounds impressive until you look further and realize that’s only 4.1% of the overall cryptocurrency market. Still, it means that there’s plenty of room for growth, and Binance is taking advantage of that, seeing its market dominance rise from 0.7% at the beginning of 2021 to its current 4.1% status. BNB is the Binance Smart Chain’s native coin. Binance Smart Chain is an increasingly popular blockchain, and Binance is the world's single largest bitcoin and altcoin cryptocurrency exchange.
Cartesi
Cartesi attempts to distinguish itself from the cryptocurrency pack by billing itself as an answer to the problems of scalability and other blockchains’ high fees. As of this writing, the cryptocurrency has gained over 3000% in value, with a YTD trading of $1.20. In addition, Cartesi has taken advantage of its ease of trade to become an increasingly popular currency.
Ethereum
We've already mentioned that Bitcoin has the most extensive dominance, and Binance Coin is ranked third, which invites the question, "Who is number two?" Presenting Ethereum, a cryptocurrency with a 21 percent dominance. Ethereum happens to be the most used blockchain worldwide and the favorite network choice in the young but fast-growing field of decentralized finance. And speaking of Ethereum…
Loopring
Loopring is an Ethereum-based cryptocurrency whose value has skyrocketed in the closing weeks of 2021. The coin currently trades around the $2.98 mark and boasts almost $4 billion market capitalization. The two main reasons for a 700% increase over the last month are rumors floating around about using Loopring in the “metaverse” concept and buzz about GameStop planning to use Loopring to build an NFT marketplace. Thus far, however, neither rumor has been verified.
Shiba
Shiba was created in August 2020 and has passed market capitalization's $28 billion mark. The cryptocurrency has quickly increased in popularity, breaching the world's top ten list of coins by market cap earlier in December 2021. Shiba is a spinoff from Dogecoin, a cryptocurrency developed as a meme in 2013, but has transformed itself into a versatile coin used to trade for food, shopping, and other services. Although Shiba’s price tends to fluctuate, it has a rosy future thanks to the sustained interest from Redditors and talks of its presence on big cryptocurrency exchanges.
Solana
Solana made its cryptocurrency debut in 2020, but its value has quickly exploded more than 15,000% in 2021 to become the sixth-largest coin in the world, boasting a market capitalization of $69 billion. At the start of 2021, a single coin was worth around $1.51, but as of this writing, it’s trading around $229. Solana is one of the most popular coins because it's competing convincingly with Ethereum and has been crowned as the future of blockchain. Solana is also one of the fastest coins, offering 50,000 transactions per second. Additionally, companies like PayPal Holdings have heavily contributed to crypto coins like Solana gaining mainstream acceptance.
