Cryptocurrencies or crypto currencies such asbitcoin, ethereum, tether, binance coin etc. are investment tools that arebeing hunted by many investors this year. Although the price movement of crypto money is very volatile, it doesn't stop investors from collecting. Then, which crypto asset has the best performance since the beginning of the year until June 2021?
Accordng to Coinmarketcap.com, the best performingcryptocurrency this year is binance coin (BNB). Binance coin was the highestperforming, at 935.61% year to date (ytd) to US$ 394.98.
Binance, which is a decentralized finance(DeFi) coin, has very strong fundamentals. For information, the DeFi system hasthe goal of creating convenience for public financial services.
Crypto experts say, the prospects for binanceare bright because crypto asset users definitely need an exchange and yieldfarming or earn interest from their crypto assets. This is different from altcoins which have negative catalysts such as the market does not yet exist and investors often speculate.
"The demand for DeFi is really there, themarket is clear and continues to grow along with the use of crypto," saidCrypto experts, Tuesday some time ago.
In particular, Binance, Crypto experts rate,the coin is superior to ethereum because the DeFi ecosystem and Binanceexchange are very large. "Remember in the ancient gold rush, it was the sellers of gold mining equipment who still profited and here in the bull market binance it is the equipment sellers," said Crypto experts.
Automatically, the binance token will increasein rhythm with the increase in users on the binance exchanger and the coin'sDeFi ecosystem.
Meanwhile, the potential for bitcoin pricegrowth based on the best crypto tracker still exists amid the coin's growing capitalization. Not surprisingly, Crypto expertssay that the overall growth potential of crypto assets is higher than other investment instruments that already have a large market.
"The growth potential of crypto assets ishigher and it is increasingly making investors with a high risk appetite entercrypto assets, especially in the midst of low interest rates," said Crypto experts.
The Cardano crypto asset (ADA) is recording asurprisingly significant growth. In terms of price, in the period 20 July-20August 2021, ADA has shot up 146.08%. Much higher than Bitcoin (BTC), Ethereum (EHT), and Binance Coin.
Quoting Coinmarketcap.com, as of 16.15%, theprice of Ethereum has jumped 86.36% in the past month. Followed by Binance Coinwhich rose 64.2% and bitcoin which rose 60.46% in the same period.
In addition to the sharp increase in itsprice, in terms of market capitalization, surprisingly, ADA has also succeededin overtaking BNB as the crypto asset with the third largest market capitalization.
ADA's price movement has been really hypelately, even though its superior feature, namely smart contracts, is not yetready. Most likely, this is indeed a lot of investors who are FOMO on this coin because it is predicted to be the next Ethereum killer.
