When you look for a cryptocurrency to buy, you should consider several factors such as the reputation of the project, the market capitalization, the price of the asset, the community, the founders, the backers, etc. You can find this information on the internet, check out crypto rates, reviews on this or that project, etc.
One of the factors is market capitalization. It is the value of all the coins that have been issued. To calculate the market cap, you should multiply the number of assets in circulation by the coin’s current rate.
To check the market cap of an asset, go to the Coinmarketcap website. Here are the top assets by capitalization:
- Bitcoin ($376,595,033,123)
- Ethereum ($134,548,962,132)
- Tether ($66,021,519,030)
- USD Coin ($55,815,591,991)
- BNB ($36,878,112,881)
In fact, these assets are the most promising not only in terms of market cap, but they also have an impressive foundation and technological value. These assets are likely to skyrocket as the projects standing behind them are developing at a rapid pace. So if you buy cryptocurrency, you will likely receive a profit after a while. This is not a recommendation but advice to analyze those projects on your own and make your own decision.
Where Can I Buy Top Assets?
There are some ways to buy cryptocurrencies. You can purchase them on centralized platforms, such as Binance, for example, or decentralized (UniSwap). The most reliable option is a centralized cryptocurrency exchange. Such platforms work officially and provide safeguards for clients’ funds. Also, centralized services offer the biggest selection of crypto assets and allow to buy cryptocurrency with fiat money.
Platforms like Binance and WhiteBIT offer a variety of tools for trading and options to receive passive income. Besides, they have a lot of educational materials so you can learn and practice.
