Top Crypto Gainers This Month: Which Giant Should You Buy?

The crypto market has come a long way since the trendsetter, Bitcoin arrived on the charts and ushered in a new era for money and fintech. It has become the main cryptocurrency, which explains why the two terms are used interchangeably and erroneously.

Bitcoin isn’t the only cryptocurrency you can invest in, even though you’re bound to hear about it more often than any of its counterparts and you’d be well advised to look into any other cryptocurrency to better your move. Check the BTC price chart before buying. Most digital coins have proven reliable and resilient during economic downturns, which has benefited investors who bought them at low prices and stuck with them in bearish markets.

The cryptocurrency market has recently recovered and seen huge increases in prices if you look at Bitcoin and Ethereum. To help you make better-informed decisions if you think now is the time to add them to your portfolio, we are providing a handpicked list of the top performing cryptocurrencies at the moment, so those check up on!

BTC (Bitcoin)

Ever since the first cryptocurrency, namely Bitcoin, hit the market, a wave of other imitators have followed in its footsteps and provided new avenues for tech and investment enthusiasts to expand and diversify their portfolios. Bitcoin, which was worth almost nothing in its early days, remains the strongest player on the crypto platform, and its recent surprisingly good performance stands as proof.

Regarding Ethereum, BNB, and other crypto coins you will further acknowledge that they have had profits, but none come close to the 50% return on investment that Bitcoin has for orders sent during the last three months. Bitcoin, intended to serve as a mere unit of exchange and store of value, has become an asset that even the most skeptical institutions and strong deniers are now considering.

With a market cap of approximately $726,780 at the time of writing, Bitcoin has become a speculative investment that allows incredible profits but also at the cost of high risks. It is currently trading above its psychological $3,500 range, having crossed the $3,700 price, and crypto pundits favor the scenario of potentially achieving the $50,000 tag in the next months.

Despite being the most prominent cryptocurrency, there is still a certain level of risk involved. Before you decide how much BTC you should include in your portfolio, make sure you consider the risks you face and don’t invest an amount that could leave you bankrupt if the odds are in your favor. Are not.

ETH (Ethereum)

Ethereum, the second-largest cryptocurrency by far and the only one considered a real threat to Bitcoin’s omnipotence, has also broken a key level over the past few days. The surge above the $2,000 mark rekindled hope for those who had not given up on it when the market went down, even if it is far from achieving the same powerful performance as its rival.

At the time of writing Ethereum’s market capitalization is over $244,900, which is significantly lower than its peer. However, investors are confident that Ethereum will not lose its second place in the ranking, mainly since “flipping” or the point where Ethereum overtakes Bitcoin is well known and debated in the industry.

Ethereum took the technology of Bitcoin and gave it new meaning by enabling many more use cases, such as serving as a platform for P2P transactions or allowing developers to build and run apps that can be trusted by third parties. The party has no control. The apps are also known as decentralized apps and are powered by ETH, the native cryptocurrency of the blockchain. Ethereum comes with its own programming language, Solidity, which interested developers can learn through multiple routes.

The increased ease of access solidifies its position as a major player in the fintech sector, guaranteeing that its technological capabilities will be further expanded to benefit more and more businesses and organizations.

BNB (Binance Coin)

Binance Coin, or BNB as you may see it traded on crypto exchanges, is the fourth cryptocurrency of the month at the time of writing, but the tables can be turned quickly. It has impressed crypto pundits by performing in the green for the past few days and trading at around $985,907,786 with a daily trading volume of $252.00.

It rose from around $210.00 by mid-October and has increased by around $40 since then, reaching a circulating supply of around 151.70M.

BNB operates as a cryptocurrency exchange that allows crypto enthusiasts to make fee payments or engage in trades on its affiliated platform. Since 2018, it has maintained its position as the leading platform, handling over 1.4 million transactions per second. The token stands out from the crowd in this regard, as users can receive discounts when they deploy it on the mother platform.

BNB has been given many uses since its creation in July 2017, such as serving as a payment instrument for customers, a booking method for flights and hotels, a tool for investments such as ETFs or stocks, and even That’s the collateral for a loan assumed by some platform.

USDT (Tether)

The largest stablecoin with a market capitalization of approximately $87,590 at the time of writing has solidified its position in the crypto market due to its stability, as its class name suggests. A stablecoin transaction is faster than Bitcoin, but given the lower volatility it does not generate the same high returns.

The purpose of USDT, like any other stablecoin, was to reduce price volatility and establish them as a more reliable and stable asset, making them more suitable as a store of value or means of transaction. The value of USDT is pegged to the US Dollar as a reference asset, meaning they maintain and change value in synchrony with the former. Other stablecoins are tied to commodities like gold or assets like the Euro, so if you feel more confident in these two categories, you don’t have to feel limited to USDT. However, to date, it has emerged as the main stablecoin and has challenged the position of other cryptocurrencies in the performance charts several times.

Currently, at the time of writing, its price fluctuates around one dollar, and the 24-hour trading volume is around $87.43 with a circulating supply of 52,770B. Its valuation is slightly below its all-time high of $1.32 registered in July 2018, a month that seems favorable for the asset. In the seventh month of this year, USDT represented the third-largest crypto, with a token price of $1 and a market cap of approximately $83.8 billion.

Bitcoin remains the most popular digital coin, but many other alternatives have proven valuable. These are some of the cryptocurrencies that are considered and proven to be the most reliable, so let us know which cryptocurrency gives you the most confidence.