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Let’s Review the Top Performing Cryptocurrencies This Week – June 1, 2021

The best cryptocurrency to buy is influenced by your experience with crypto assets and your tolerance for risk. With so many cryptocurrencies to select from, how can investors know which one is the best to invest in? Let’s review the top performing cryptocurrencies this week.

1. Bitcoin (BTC) – Down 1.77% in the past week

Bitcoin is a peer-to-peer digital currency. All transactions take place directly through equivalent, independent network members, with no need for a middleman to allow or enable them. The current Bitcoin price is $36,371.51 USD, with a trading volume of $33,498,999,380 USD in the last 24 hours. Bitcoin’s current market cap is $681,009,221,508 USD, and is down 1.17 percent in the previous 24 hours.

2. Ethereum (ETH) – Up 5.47% in the past week

Ethereum is an open-source decentralized blockchain platform with its own coin, Ether. Today’s Ethereum price is $2,579.84 USD, with $28,210,611,384 USD in 24-hour trading volume. In the previous 24 hours, Ethereum has gained 1.45%.

3. Tether (USDT) – Down 0.11% in the past week

USDT is a stablecoin launched by the Hong Kong-based business Tether that replicates the price of the US dollar. Tether is now trading at $1.00 USD, with a 24-hour trading volume of $82,129,411,221 USD. In the last 24 hours, Tether has lost 0.01 percent of its value.

4. Cardano (ADA) – Up 13.86% in the past week

Cardano is a proof-of-stake blockchain platform that aims to empower changemakers to achieve true international change. It is now trading at $1.71 USD, with a 24-hour trading volume of $4,064,600,479 USD. In the previous 24 hours, Cardano has increased by 1.99 percent.

5. Binance Coin (BNB) – Up 8.16% in the past week

Binance is one of the world’s largest cryptocurrency exchanges. The Binance platform includes the Binance Chain, Academy, Trusted Wallet, and Research programs, all of which use blockchain technology. Binance Coin is now trading at $348.24 USD, with a 24-hour trading volume of $3,587,341,481. In the last 24 hours, Binance Coin has gained 1.44 percent.

Should You Invest in Cryptocurrency?

Having the chance to generate substantial profit is the most major advantage of investing in any cryptocurrency. The cryptocurrency market volume over the previous 24 hours sits at $126.24B, which is a 2.33 percent decline.

If you’ve decided to include cryptocurrencies in your financial portfolio, you’ll need to register with a cryptocurrency exchange. You should consider contacting a financial advisor to help you start investing in cryptocurrency.