Ethereum (ETH)
Ethereum became the second-biggest crypto in 2015 and is perhaps the only one considered a blue-chip token by businesses. However, the digital currency has slowly eroded Bitcoin’s share of the overall crypto market thanks to its growing market share in the nascent and quickly growing field of decentralized finance. There is a dramatic drop of 15% in the BTC to ETH ratio in today’s market, with BTC now holding 45.1% of the market. The first quarter of 2021 saw Bitcoin dominate the market with 70.7%, while Ethereum had a meager 10.8% share. Currently, BTC stands at 45.1%, while ETH is at 18%. The decline in Bitcoin’s market share is attributed to ETH by a third of the extent.
Solana (SOL)
Solana, bursting onto the scene from obscurity, began the year with a 0.01% market share and will become one of the top 10 cryptocurrencies by market capitalization by the end of the year. Decentralized apps, or Dapps, are created on Solana, like Ethereum. In this way, traditional financial gatekeeping was eliminated. Examples include exchanges, brokers, clearinghouses, and banks.
When it comes to Solana, novelty is a plus. Solana is based on the Rust programming language – one of the easiest programming languages available. Ethereum-like networks have drawn fantastic engineering talent. In addition to its superior speed, SOL offers a much lower fee structure than ETH. Its value has soared from $1.51 to over $160 in just 2021, about 100fold.
Axie Infinity Shards (AXS)
An excellent cryptocurrency to buy is becoming increasingly obscure as the space evolves. This blockchain-based game is reminiscent of Pokemon with Axie Infinity Shards, the management token. Players own the game, which AXS votes on. Axie Infinity is a beautiful example of what can be achieved on the Ethereum blockchain with an ethos of freewheeling creativity. We believe the ecosystem is unique because it proved that a decentralized game could be successfully built and sustained on an incentive basis. Play-to-earn options provide another appealing reason to continue playing. As a player level up a character, an NFT is assigned to it. Its share price has shot from 57 cents to about $126 now, a parabolic rise.
Cardano (ADA)
The best crypto to buy should be Cardano, although it’s not nearly as popular as Bitcoin or Ethereum. According to market capitalization, it ranks third after Bitcoin and Ethereum. It is a relatively new platform, debuting in September 2017 with the first ADA token – a currency on the Cardano blockchain. Founded by Charles Hoskinson, who founded Ethereum, Cardano appeals to many people. As well as instant credibility, the number of coins will be hard-capped at 45 billion, meaning there is only a maximum of 45 billion coins to be created. The proof-of-stake implementation of Cardano creates an incentive for users to create blocks, which makes it stand out from many other cryptos. Many experts estimate that the technology is thousands of times more energy-efficient than traditional approaches. Compared with Bitcoin, this is a superior algorithm.