If you love crypto and you invest a lot, this should be a question that’s also in your mind.
As it is, Bitcoin is still number one.
1. Bitcoin (BTC)
Bitcoin (BTC)
55,404.89 USD (2.12%)
MARKET CAP
$1.09 T USD
VOLUME
$24.40 B USD
We can’t publish a list of the best cryptocurrencies without mentioning Bitcoin. As the OG cryptocurrency (having launched in 2009), it is leading the list by many measures, despite its scalability challenges.
Bitcoin has continuously maintained the largest market capitalization and the strongest liquidity of all cryptocurrencies, which we see as a sign of strong investor confidence. It is traded on virtually all crypto exchanges, making it an attractive option for both individuals and institutions.
Bitcoin’s primary use case is as a digital alternative to traditional currencies, aiming to be a medium of exchange and a store of value. Even though it is already widely adopted for both use cases, we believe its volatility is still a challenge for regular transactions.
On the other hand, its fixed supply cap of 21 million coins (and the scarcity that comes with it), an incredibly strong and active community, and the expected performance boost triggered by April’s Bitcoin halving event make it the #1 on our best crypto ranking.
While the ongoing distribution of Bitcoin to Mt. Gox creditors might lead to some fluctuations in August, we think it’s likely that BTC will hit new ATHs once the dust has settled.
