10 cryptos beyond Bitcoin & Ether that have massive YTD growth

Category: Finance

Bitcoin and Ether have surged about 59 per cent and 330 per cent on a YTD basis, respectively. Dogecoin, on the other hand, has recorded a 5,500 per cent YTD return. Cryptocurrency Polygon has also surged nearly 6,900 per cent this year. Bitcoin and Ether are creating a buzz in crypto space once again. This time, it is the upward trend in their prices making the headlines. The Ethereum network has lately made changes that is set to restrict the creation of new Ether tokens, which seems to have made crypto investors optimistic. There are, however, other cryptocurrencies that are also worth exploring. Some of them dwarf the price growth of Bitcoin and Ether on a year-to-date (YTD) basis. Let’s find out more about these cryptos that can be added in your crypto wallets, which have more than doubled in value this year. Source: Pixabay 1. Cardano (ADA) Cardano’s network was launched as competitor to Bitcoin and Ethereum’s blockchain technology. Launch in 2017, Cardano uses the proof-of-stake or PoS consensus and claims to be more scalable than other blockchain networks. The token is trading at nearly US$ 1.7. More than 32 billion native units of Cardano cryptocurrency are in circulation. On a YTD basis, Cardano is up nearly 890 per cent. The total market cap of this cryptocurrency is over US$57 billion. 2. Polygon (MATIC) Polygon is an ERC-20 token. It seeks to make Ethereum’s network more cost-friendly for users. It also claims to improve its speed. The network allows developers to build projects on Ethereum blockchain with the help of sidechains. Polygon’s YTD return stands at a whopping 6,900 per cent. The crypto also commands a market cap of over US$12 billion. The token is currently trading at nearly US$1.20. It has a supply of nearly 10 billion native units. 3. XRP XRP is the crypto token for XRP ledger. The blockchain helps to create smart contracts. It can be used to make remittances and digital payments. XRP is up over 300 per cent on YTD basis. It has a market cap of over US$89 billion. XRP is currently trading at nearly US$0.89. More than 99 billion of native units of XRP token are in supply. XRP blockchain claims to make cross-border payments faster by using Ripple Consensus mechanism. Also read: Ripple IPO: How To Invest In XRP, The Crypto Payments Stock? 4. Aave (AAVE) AAVE is categorized as an application token. It is a part of the decentralized finance tech, which owes to blockchain. AAVE can enable users to earn interest on their crypto holdings. Others can borrow assets using the AAVE liquidity protocol. AAVE is up over 400 per cent on a YTD basis. The market cap of AAVE cryptocurrency is over US$6.5 billion. AAVE is currently trading at over US$400. The total supply of its native units is 16 million. 5. Stellar (XRP) Stellar blockchain’s native token is Lumen or XLM. The network aims to provide cost-effective payment services in developing nations. XRP has surged over 150 per cent on a YTD basis. The total market cap of this cryptocurrency is over US$34 billion. XRP is currently trading at nearly US$0.32. It has a total supply of over 105 billion native units. 6. Chainlink (LINK) The key feature of Chainlink is that it does not have an independent blockchain. Instead, it can function on multiple blockchain networks at the same time. Chainlink has surged nearly 130 per cent on YTD basis. The market cap of Chainlink is over US$25 billion. The token is currently trading at nearly US$25.70. The total supply of Chainlink’s native units is one billion. Also read: What is Quant (QNT) crypto? What is its price prediction? 7. The Graph (GRT) GRT is also an application token within the cryptocurrency space. It forms a part of blockchain data indexing ecosystem. The network claims to be a futuristic protocol on which open APIs can be built and published. GRT is up nearly 109 per cent on a YTD basis. The market cap of this cryptocurrency is over US$8 billion. The Graph is currently trading at nearly US$0.79. More than 10 billion native units of GRT token are in supply. 8. Polkadot (DOT) Polkadot claims to be an enabler of cross-blockchain transferability. The network can upgrade without any hard forks. Developers can spread transactions across a number of blockchains using Polkadot. Polkadot has gained over 190 per cent on a YTD basis. The market cap of this cryptocurrency is over US$23 billion. DOT is currently trading at nearly US$21.6. More than one billion DOT native units are currently in supply. 9. Dogecoin (DOGE) Dogecoin has made quite a bit of headlines since its launch, with even Tesla CEO Elon Musk singing its praises. Back in January 2018, Dogecoin is said to have hit the US$ 1-billion milestone, much before the 2021 crypto frenzy began. The cryptocurrency has unlimited supply, unlike many others, like Bitcoin. Dogecoin is up a whopping 5,500 per cent on a YTD basis. Its market value has also surged to nearly US$35 billion. It is currently trading at US$0.26. Over 130 billion native units of Dogecoin cryptocurrency are in supply. Also read: Dogecoin mining: How to create Doge tokens? 10. Algorand (ALGO) Algorand is another proof-of-stake consensus-based blockchain network. It supports decentralized finance apps development and smart contracts. Algorand is up nearly 180 per cent on a YTD basis. The total market cap of this cryptocurrency is over US$5 billion. ALGO is currently trading at nearly US$0.90. The total supply of ALGO is over five billion native units. The above 10 cryptocurrencies have reported a better YTD growth as compared to Bitcoin, the most popular crypto in the world. The recent return of investors in the cryptocurrency market after the slump caused by regulatory crackdown can result in further growth.