IN OCTOBER 2021, THE TOP 10 CRYPTOCURRENCIES TO BUY AND HOLD

IN OCTOBER 2021, THE TOP 10 CRYPTOCURRENCIES TO BUY AND HOLD 

Cryptocurrency has recently become a global trend, although much remains to be learned about this evolutionary technology. There are numerous concerns about innovation and the potential to disrupt the traditional financial system. Many people are worried about the future of cryptocurrency. Cryptocurrency is no longer considered a risky investment. Every investor is taking cryptocurrencies extremely seriously these days. Investors are relying on cryptocurrency not only for short term profit but also for long term investment. On this note, let's find the top cryptocurrency to buy and keep in September 2021.

1. Bitcoin (BTC)

Founded in 2008 by Satoshi Nakamoto, Bitcoin is a digital currency that can be transferred directly from one user to another on the Bitcoin network. Encryption is used to authenticate transactions through network nodes, which are then recorded in a blockchain, publicly distributed ledger. Despite the fluctuations in the price of bitcoin, it is dominant in the crypto market. Its value continues to rise as more and more investors invest in it. The most important factor behind its value is its coin roof which is 21 million.

Market cap: over $856 billion.

2. Ethereum (ETH)

Ethereum is a decentralized digital platform that enables the creation and implementation of smart contracts and DApps without the need for third party time, fraud, control, or interference. Ethereum is a collection of unauthorized, unclassified servers (nodes) that reach a consensus on a growing network of "blocks" and transaction groups called blockchains.

Ethereum or ether is almost always compared to bitcoin. Recently, its share in the crypto market has increased from 18% to 20%.

Market cap: over $357 billion.

3. Cardano (ADA)

Cardano is a corrupt currency system and an open-source project aimed at creating an open public blockchain for the payment system. Cardano's inner coin is called the base.

Cardano is also a decentralized blockchain platform that uses local cryptocurrencies. This enables secure Monday-to-Monday transactions. There are plans to activate smart contracts soon.

Market cap: over $69 billion.

4. Uniswap (UNI)

The Uniswap protocol is a decentralised cryptocurrency trading system. The company that created the protocol is known as Uniswap. The protocol enables automated transactions between cryptocurrency tokens on the Ethereum blockchain using smart contracts. Smart contracts may already be used with this money. It enables automatic token transactions on the Ethereum network.

Market cap: over  $12 billion.

5. Dogecoin (DOGE)

Dogecoin was developed by software developers Billy Marks and Jackson Palmer to ridicule the then-emerging cryptocurrency market. On May 9, 2021, SpaceX launched the first cryptocurrency-funded space mission, a Dodge Kevin-funded ride-sharing flight. The rate of mining has been very high since the beginning of the coin. This is still speculation and the dollar has not crossed the mark. However, it has more circulation and more unlimited mining capabilities.

Market cap: over $40 billion.

6. Binance Coin (BNB)

Binance, a prominent cryptocurrency exchange, has created an ERC20 token based on Ethereum called BNB. This currency can be used to pay commissions for purchases on the exchange. A total of 200 million tokens were created for the currency. According to the White Paper, Binance intends to use 20% of its quarterly earnings to buy and burn BNBs until 50% of the total BNB supply (100M) is burned.

Market cap: over $70 billion

7. Polcadot (DOT)

Polcadot is a type of cryptocurrency aimed at making blockchain interoperability accessible to the general public. Polcadot is a decentralized Internet that allows various blockchains to reliably share data and information through the Polcadot relay chain. Its protocol connects allowed and unauthorized blockchains, and Oracles enables the system to communicate in a single environment. Gavin Wood is the co-founder and former CEO of the Ethereum Project. This creates a currency network bridge, allowing many Polcadot-based services to interact with Ethereum and Bitcoin. It is, nevertheless, more scalable and quicker.

Market cap: over $25 billion

8. Tether (USDT)

The Tether, formerly known as the real coin, was one of the first cryptocurrencies to be linked to the US dollar when it was set up in 2014. , Such as the dollar, pound, or Japanese yen. The Tether is a stable coin, a form of cryptocurrency that aims to keep the prices of cryptocurrencies constant, as opposed to the large price changes seen in other prominent cryptocurrencies such as bitcoin and Ethereum. It became the first cryptocurrency in US dollars. It is a blockchain based cryptocurrency. Coins are aided by fiat currencies kept in banks.

Market cap: over $68 billion

9. Ripple-XRP

Ripple was originally introduced in 2012 as a digital payment system for cryptocurrency and financial transactions. XRP was established by Ripple Labs as the currency of its decentralized payment system. Since the firm started with a blockchain-based system, XRP is used with a network of authentication nodes instead of a blockchain.

Market cap: over $52 billion.

10. Bitcoin Cash- BCH

BCH is a cryptocurrency created in 2017 as a bitcoin fork. Bitcoin Cash was created with the intention of having a larger block size than Bitcoin, which would allow more transactions to be recorded in a single block. In addition to their differences, bitcoin cash and bitcoin have some technical similarities, such as the use of a single consensus process and a supply cap of 21 million coins.

Market cap: over  $10 billion