Featured

3 High, Medium, and Low Market Cap Coins to Consider in Your Portfolio

Investment Disclaimer: Please be advised that cryptocurrency markets are very volatile. Before you decide to trade or invest in cryptocurrencies, you should first educate yourself about them and get the advice of a certified financial professional.

Market Capitalization can be one of the aspects crypto enthusiasts look at when deciding on a digital asset to trade or invest in. The market capitalization (market cap)  is calculated by multiplying its current price by the current circulating supply.

Market Cap = Price x Circulating Supply

A few of the most prominent websites for tracking the market cap of cryptocurrencies are CoinMarketCap and CoinGecko. A coin’s market cap is still regarded as the essential measure of relevance as it is also used to determine ranks among well-performing cryptocurrencies; however, the underlying idea is frequently criticized. The reason for this is that a cryptocurrency’s market cap more or less reflects its long-term popularity.

Does it really matter if crypto has a high market cap? Let us answer that as we read in this article.

If you are on your research to build your crypto portfolio, then we offer you this list of different high, medium, and low market cap coins that you might be interested to further study and include in your digital assets!

3 Best High Market Cap Coins

These coins are usually regarded as secure crypto investments, having a market cap of more than $10 billion. Investing in coins with a high market cap is often a prudent option. These coins are expected to be less volatile than other cryptocurrencies but still more volatile than traditional investments such as stocks.

1. Bitcoin (BTC)

Market Cap: $915.4B

Price: $43,595

Maybe this goes without saying. Bitcoin has been one of the top cryptos since its inception. It is peer-to-peer internet money, which means that all transactions take place directly between equal, independent network users, with no need for any middleman to allow or facilitate them.

2. Ethereum (ETH)

Market Cap: $355.6B

Price: $3,022

Next to Bitcoin is this giant cryptocurrency. It is the most popular blockchain platform that employs smart contracts. Smart contracts are computer programs that automatically carry out the steps required to complete an agreement between several parties on the internet. They were created to remove the requirement for trusted intermediaries between contractors, lowering transaction costs while enhancing transaction dependability.

3. Cardano (ADA)

Market Cap: $67.5B

Price: $2.11

This crypto project is one of the most famous “Ethereum Killers.” According to the Cardano team, the project takes pleasure in ensuring that all of the technology it develops goes through a peer-reviewed research process, allowing for daring ideas to be questioned before being verified.

To start trading and investing in crypto yourself, you can turn to Bitcoin Up – a trading website with 24/7 support, easy-to-use software and a variety of cryptocurrencies to trade.

3 Best Medium Market Cap Coins

These coins are more volatile, but they also offer great potential growth. Medium market cap coins might be a smart investment in some instances, but you must do your diligence. Over the years, many medium market cap coins have come and gone.

1. Algorand (ALGO)

Market Cap: $9.6B

Price: $1.61

Algorand was established in solution to the slow transaction speeds of Bitcoin and other blockchains. Its goal is to speed up processes and enhance efficiency. Because Algorand is built on a permissionless pure proof-of-stake (PoS) blockchain technology, it has reduced transaction fees and no mining (unlike Bitcoin’s energy-intensive procedure).

2. Polygon (MATIC)

Market Cap: $7.5B

Price: $1.13

Polygon (formerly Matic Network) is a user-friendly Ethereum scaling and infrastructure development platform. On a single side chain, Polygon can process up to 65,000 transactions per second, with a block confirmation time of under two-seconds. On a single fundamental blockchain, the architecture also permits the construction of globally accessible decentralized financial apps.

3. Filecoin (FIL)

Market Cap: $6.4B

Price: $58.69

Filecoin is a decentralized storage system with the goal of “storing humanity’s most important information.” Filecoin’s goal is to store data in a decentralized fashion. It makes use of its decentralized structure to safeguard the integrity of a data’s location, making it easily retrievable and difficult to censor.

3 Best Low Market Cap Coins

These coins are still in their early phases of development and hence have a low market capitalization. They are the crypto’s hidden diamonds, and they have enabled many investors to earn incredible profits.

1. xDai (STAKE)

Market Cap: $80.6M

Price: $12

All Ethereum ecosystem tools, including mobile wallets, hardware wallets, blockchain explorers, and smart contracts, are compatible with the xDai chain. One of the many aspects that distinguish xDai is that it is the first blockchain project, to begin with, a native currency that is a stable coin pegged to the US dollar.

2. Armor (ARMOR)

Market Cap: $15.9M

Price: $0.1268

Armor has emerged on the scene in response to the enormous surge in popularity of NFTs and DeFi this market cycle, providing a critical answer to the crypto sector. Armor is a DeFi smart insurance aggregator based on the basic concepts of a trustless system and decentralized financial infrastructure.

3. Nord Finance (NORD)

Market Cap: $4.7M

Price: $1.96

The Nord Finance platform is a one-stop-shop for novice crypto users, combining DeFi, yield farming, and financial counseling services into one convenient package. On a wide range of stablecoin assets, the project delivers high yield returns with low risk. More tokens will be available on the Nord Finance platform when new protocols and improvements are implemented.

Disclaimer: The primary goal of this material is to educate our readers. This article’s content should not be used to make a specific choice concerning cryptocurrency usage, legal concerns, investments, taxes, cryptocurrency mining, exchange usage, wallet usage, or anything else. We highly urge you to consult with a financial professional.

Innov8tiv.com

Innov8tiv is a dynamic Web source for technology news, resources and innovation, with a special focus on the entrepreneurial advances of Africans on the continent as well as in the Diaspora. This site seeks to not only inform consumers and companies about the latest in tech trends and ideologies, but to shed light on a phenomenon often ignored: the inventive, life-changing and creative engine that exists in Africa and among leaders of color around the world, including the UK, the Caribbean, Australia, and Asia. Send story ideas to info@innov8tiv.com

Recent Posts

Industry Insights: How Guest Posting Has Changed Over Time

Image Courtesy The world of blogging has changed a lot since the early days of…

3 hours ago

How your Business can Get Ahead of the Curve

Every business wants to be ahead of the curve, but only a small number of…

8 hours ago

10 Tips for Implementing a Business Organization Strategy

You've put a lot of thought into your business organization strategy—now it's time to actually…

8 hours ago

Seven Steps to Confidence in your Photography

Image source: Pexels If there is one thing that you should have in your hobbies,…

1 day ago

4 Considerations in Building Climate-Controlled Self-Storage

Since self-storage is on the rise right now, it is one of the best times…

1 day ago

No Deposit Bonus and How Players Benefit From It

Online casinos are noted for their generosity in bonuses in comparison to the bricks-and-mortar casino…

1 day ago