The world has gone digital. Digital money is gradually replacing our various fiat currencies. This has made cryptocurrency the new gold, as it is regarded as the future of money. Some among the cryptocurrency are regrded as the most stable cryptocurrency.
There are shit coins and they are the stable cryptocurrency. Talking about stable cryptocurrency; they are either the least stable cryptocurrency or the most stable cryptocurrency.
However, investing in shit coins is risky. Only stable coins give you the guarantee of rest when you invest in them.
For a beginner still trying to find out the most stable cryptocurrency from the large pool may be difficult or tasking.
To help you, here’s a list of the 20 most stable cryptocurrencies you can invest in this year.
Do take your time to go through it as it will be of great help.
20 Most Stable Cryptocurrency This Year
Here’s a list of the most stable cryptocurrency in the world:
1. Bitcoin (BTC)
Bitcoin is regarded as the father of all cryptocurrencies. It is the oldest, biggest, most traded, and the most stable cryptocurrency in the world.
Bitcoin accounts for over 50% of the crypto market cap, and it has been a big driver behind the move towards $2trillion. Presently each bitcoin is valued at $56,513.30.
Additionally, Bitcoin determines the value of other cryptocurrencies. When Bitcoin falls, other cryptocurrencies are affecting. It is the dominating force in the crypto market. So, if you’re looking to start investing in cryptocurrency, bitcoin is surely a great place to start.
2. Ethereum (ETH)
Ethereum is not just a digital currency, it is a more advanced blockchain project. With its platform, developers can build their cryptocurrencies.
As of last week, Ethereum reached an ATH of $3,400. Having the second biggest market cap of nearly $300 billion in the crypto market, it is valued more than Disney and Bank of America.
The cryptocurrency grew steadily by about 3000% in 2017 until it attained the second position in the crypto market, behind bitcoin.
In terms of momentum, Ethereum is said to be stronger than Bitcoin. Since January, Bitcoin has only increased doubled in price. But Ethereum has multiplied by seven times.
3. Ripple (XRP)
This cryptocurrency experienced growth of 36,000% in 2017 and is currently at about $1.363 per XRP. It is the third-largest cryptocurrency by market cap even though the difference in cost of XRP and BTC is steep. The total market cap, however, is about $75 billion.
It has attained this position as one of the most stable cryptocurrencies mostly because it is not a just digital currency. People now make payments with it in major financial institutions like American Express, the Saudi Arabia Central Bank, China’s LianLian International, and other banks in the world.
4. Litecoin (LTC)
Charlie Lee, a graduate of MIT started Litecoin in 2011. And, it is now referred to as “silver to bitcoin’s gold” because of its similarities to bitcoin. It was the first most stable cryptocurrency to perform a lightning network (transfer across a distance in record time.)
The value of Litecoin grew from $4 to as high as $362.76 in 2021. With a market cap of about $23.93 billion, Litecoin is considered one of the most trusted cryptocurrencies in the world.
5. Tron (TRX)
It is a bloc5kchain-based project that has its tokens. It also doubles as a content-sharing platform. Although it is similar to other social media networks, this decentralized platform doesn’t share your details with advertisers.
So, if you are looking to invest in a stable cryptocurrency, Tron is one of the most trusted cryptocurrencies to invest in. It has a market cap of $9.3 billion and a value per token of $0.127.
6. EOS (EOS)
EOS is quite like Ethereum as it also allows developers to come up with smart contracts and creates DApps on its blockchain. However, this crypto offers you the opportunity to operate a decentralized blockchain to perform free transactions, unlike Ethereum which gas fee is something else.
Regardless of the fluctuations in the price over the last years, EOS is still one of the most stable cryptocurrencies.
A value per token of EOS is $9.09 with a total market cap of $10.56.
7. Chainlink (LINK)
Chainlink is a decentralized oracle network to bridge the gap between smart contracts and real-world data. It is one of the main data used to feed information to applications in decentralized finance. Sergey Nazarov developed Chainlink together with Steve Ellis. LINK is the currency of the Chainlink decentralized oracle network.
Chainlink is currently the 12th top cryptocurrency by market capitalization. Each token is valued at $46.01.
8. USD Coin (USDC)
USD Coin is one of the most stable cryptocurrencies in the world. It is also tied to the U.S. dollar on a 1:1 basis. This means that for each unit of the USDC in circulation, there is a support of $1 in reserve. It is a perfect balance of cash and temporary U.S. Treasury bonds.
It has a market cap of $14.38 billion and each token is valued at $1. It is a stable cryptocurrency. It hardly fluctuates. Most crypto traders save their money in USDC or USDT in crypto wallets.
9. Stellar (XLM)
Jed McCaleb founded Stellar together with Joyce Kim in 2013 after leaving Ripple. Stellar is an open decentralized network released in 2014 that allows cross border transactions between any pair of currencies,
Its objective is to increase financial inclusion as well as help financial firms connect with themselves through blockchain technology.
With a market cap of $15 billion and a per token value of $0.6, it is regarded as one of the growing most trusted coins.
10. Crypto.com Coin [CRO]
Crypto.com company which started in June 2016 launched the Crypto.com coin as Monaco Technologies GmbH. The coin is one of the most stable cryptocurrencies and a native cryptocurrency token of the Crypto.com decentralized Chain.
It was designed to quicken the global adoption of cryptocurrency for payment and trading. With a market cap of $3.90 billion and a per token value of $0.166, it is regarded as a promising coin.
11. Wrapped Bitcoin (WBTC)
Wrapped Bitcoin is a version of bitcoin that is a token. It runs on the Ethereum (ETH) blockchain, and it receives support from Bitcoin at a 1:1 ratio through a network of regulated merchants and custodians.
This is to ensure that the price of the currency is tied to bitcoin to allow for the transfer of liquidity between BTC and ETH.
The Wrapped Bitcoin started on the 31st of January 2019, and now has a market cap of $9 billion and a per token value of $54,873.50.
12. MakerDAO (DAI)
DAI is the world’s first unbiased currency that does not discriminate. It is a very stable cryptocurrency. The Maker Protocol and the MakerDAO manage the development and insurance of this Ethereum-based stable coin.
This cryptocurrency is soft pegged to the price of the U.S. dollar to help cushion the effects of significant market fluctuations. It has a market cap of $4.8 billion and a token is valued at $1.
13. Aave (AAVE)
Stani Kulechov founded AAVE and launched it in November 2017. Aave which is Finnish for “ghost” was initially known as ETHLend. However, in September 2018, it was rebranded to Aave.
It is a decentralized finance protocol that lets people lend and borrow cryptocurrencies.
AAVE has a market cap of $5.4 billion and a token valued at $434.48.
14. Revain (REV)
Revain prides itself as the first trustworthy American speech-to-text review platform designed with blockchain technology. This means that every user review in the blockchain is on display. They can neither remove nor alter them.
Revain’s objective is to give the community a source of trustworthy review about projects, goods, trademarks, and other entities. It has a market cap of $1.183 billion and each token valued at $0.04.
15. Uniswap (UNI)
Hayden Adams, an Ethereum developer, created Uniswap – one of the most stable cryptocurrencies. It is a known decentralized trading platform that facilitates the automatic trading of finance tokens.
Uniswap intends to keep token trading automated and open to anyone who holds tokens while working on the efficiency of trading against that on traditional exchanges. It is one of the trusted Defi Yield farm where you can stake coins. And, its native coin UNI is a fast-growing coin.
UNI has a market cap of $1.5 billion and a per token value of $36.91.
16. Binance Coin (BNB)
Binance Coin was founded in 2017 and is now the official native currency of the Binance cryptocurrency exchange platform.
Binance is the largest exchange platform where you can trade in several other cryptocurrencies seamlessly while making use of the Binance coin.
You can also pay for some products and services like travel fees and more, using its native stable cryptocurrency – BNB
From January till date, BNB has grown over ten times its value. Is that not wonderful?
It has a market cap of 102.013 billion and a per token valued at $653.05 and has a trading volume of $5,556,691,199. It is ranked 3rd on the CoinMarketCap.
17. Bitcoin SV (BSV)
Bitcoin SV (BSV) is simply, Bitcoin Satoshi Vision. It was started in 2018 as a fork of a fork – BSV is a hard fork of Bitcoin Cash, which in turn is a hard fork of the original bitcoin network.
The developers aimed to bring back the original protocol of bitcoin’s developer Satoshi Nakamoto and also allow for scalability and stability. It has a market cap of $6.53 billion and each token valued at $340
18. Monero (XMR)
Monero is an untraceable currency launched in April 2014. Using a unique system known as the “ring signatures”, allows for complete privacy with an intentional emphasis on scalability and decentralization.
However, this one is the number of most stable cryptocurrencies that has links to some questionable activities as a result of these unique features. Its market cap is at $7.988 billion and a token valued at $435.
19.Tether (USDT)
This is one of the most stable and most well-known cryptocurrencies. It is designed to be a block-chain cryptocurrency whose value is tied to traditional fiat currencies like the U.S dollar, British Pounds Japanese’s Yen, or the Euro.
It is a very stable coin that is always pegged to the value of the dollar. It has a market cap of $48.45 billion.
20. Huobi Token (HT)
Huobi Token (HT), is an exchange-based token and currency of the Huobi crypto exchange. You can receive crypto rewards from seasonal buybacks and trade with other cryptos on the Huobi exchange.
With a market cap of $5.18 billion and a per token value of $17.97, its ranking position is 30th on the CoinMarketCap.
Conclusion
So, you can go through this article to find one of the listed cryptocurrencies above and take the first step to become a crypto billionaire by investing in any of them.
Recommendations for Further Reading
How Nigerians Can Buy Cryptocurrency After The CBN Ban
How To Make Money Buying and Selling Cryptocurrency in 2021/ Full Guide
10 Best Cryptocurrency Exchange Company in Nigeria / 2021 Updates
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