Cryptocurrencies

Cryptocurrencies are highly volatile. Even though they are risky, one can gain 5268262 percent returns in the last two months. If you have invested in Bitcoin in the last two months, it would have increased a great value. When talking about Ethereum, it has also witnessed higher growth. The world of cryptocurrencies is gaining new followers each day. And so many investors are keen on investing in the top cryptocurrencies such as Bitcoin, Ethereum, and Binance Coin. In fact, there are many cryptocurrencies in the market, and more than 10 cryptocurrencies on a daily basis experience the rise and fall. That means a return of double the amount which you invested is possible. This may sound tempting, but this is a highly risky job too. Let’s take a look at the top 5 cryptocurrencies that have seen a sudden hike this week.

Fantom 

Fantom is a scalable smart-contract platform for DeFi, crypto dApps, and enterprise applications that enable developers to design and create decentralized applications. This cryptocurrency is the hottest coin in the past few months. The unique feature of this cryptocurrency is that it attempts to use new scratch-built consensus mechanisms to facilitate DeFi and other related services based on smart contracts. 

Fantom has doubled the growth rapidly since then it has witnessed a growth of about 79%. The coin ranks about 34 in the crypto market. It has a market cap of about US$6,580,065,751.53. 

Polkadot 

Polkadot is created to make several blockchains interoperable, this cryptocurrency has also grown massively. It has witnessed a spike of about 52% in the past two months. It is an open-source sharding multichain protocol that allows the cross-chain transfer of any data or asset types making a wide range of blockchains interoperable with each other. This parallel processing power improves scalability. And the unique feature of the coin is that it has a highly sophisticated user-driven governance system that helps to secure and safeguard it. The coin ranks about 8 in the top cryptocurrencies list with a market cap of about US$46,174,039,186.12.   

Binance Coin 

The personal cryptocurrency of the world’s largest cryptocurrency exchange in the present crypto market. The coin has experienced a spike of about 51.63% in the last 60 days. It has almost doubled the growth. Binance is unique for its ecosystem of decentralized, and blockchain-based networks. The company leads the crypto exchange in a number of countries. The coin ranks about 3 in the top cryptocurrencies list with a market cap of about US$107,860,723,205.62. 

Bitcoin

Bitcoin has always been on top dominating the cryptocurrency market. It is one of the top cryptocurrencies that continues to grow by leaps and bounds. The cryptocurrency is the unique advantage that comes from the fact that it was the very first cryptocurrency to appear on the market. It is the most valuable cryptocurrency in the world that witnessed a spike from the late September which lasted till the early days of October. Since then, BTC has been growing exponentially. It has a market cap of about US$1,244,498,049,224.51.

Ethereum 

After Bitcoin, Ethereum tops the cryptocurrency market and evolves to be the top cryptocurrencies in the market. It has grown about 37% in the last two months. In the beginning, Ethereum started to grow bit by bit, now it is growing hugely due to its unique features. The unique feature of the coin is that it has pioneered the concept of a blockchain smart contract platform. 

These were the cryptocurrencies that have a strong market capitalization and managed to grow their value significantly within the last two months.