Knowing the right cryptocurrencies that will surge this month will be a “Hail Mary” for any trader. With hundreds of cryptocurrencies, many traders struggle with selecting the right portfolio that will perform well in fantasy trading contests. To help you get your bearings, we will enlighten you on the top seven cryptocurrencies that will likely go bullish this month and help you win contests.
Where fantasy finance gives you the room to test your price prediction skills, have fun, and profit, traditional trading doesn’t always accord you the same friendliness. In fact, many traders lose their capital while still understanding trading or learning which strategy works best for them. Meanwhile, in fantasy trading, you can practice trading irrespective of your budget and experience. Also, you don’t have to risk your capital while trading. Instead, fund contests with a little money for a chance to win the prize pool.
Why Cryptocurrencies Matter Now More Than Ever
Crypto mass-adoption is at an all-time high. In 2020, only about 3% of the world’s population traded cryptocurrencies. Presently, these statistics are much higher, with analysts estimating 20% of the population trading or transacting in crypto.
All roads point to digital currencies being the next medium of exchange in the future, so understanding how to trade them or just learning more about them is almost necessary in our world today. Using fantasy finance platforms like Investr, Altcoinfantasy, and StockBattle can help you learn more about the crypto markets and cryptocurrencies as a whole. They provide you with real-world trading experience and you can also learn how crypto asset prices move.
Top 7 Cryptocurrencies to Add to Your Fantasy Portfolio
The worldwide cryptocurrency market cap has hit 2 Trillion! It’s safe to say cryptocurrencies will usher in a new financial system. U.S stock markets like NASDAQ still have a total market cap of $32.75 billion as of September 15th, 2021.
1. Bitcoin (BTC)
Market cap: Over $786 billion
Bitcoin is the first and largest cryptocurrency in the world by market cap. It is powered by its own blockchain with a goal to decentralize money. BTC is usually a top pick for fantasy traders because it has a lot of small price movements all through the day. Adding it to your fantasy portfolio will help you gain more points because of its volatile nature. Bitcoin has seen tremendous growth over the years, establishing it as a major security in the market. Five years ago, you could buy one Bitcoin for about $500. As of September 22nd, 2021, a single Bitcoin’s price is over $42,000. It also reached an all-time high of $64,863.10 in April 2021.
2. Ethereum (ETH)
Market cap: Over $350 billion
Ethereum is the second-largest cryptocurrency in the world by market cap. Similar to Bitcoin, it operates on its own blockchain. Adding Ethereum to your fantasy portfolio will be of great advantage to you. It is more stable than most coins, and you always count on small price increases every few minutes or so. Ethereum has also experienced enormous growth. Back in 2015, its price was less than a dollar—$ 0.4209 to be exact. Fast forward to six years later, Ethereum is worth $3000 in September.
3. Binance Coin (BNB)
Market cap: Over $60 billion
Since its launch in 2017, Binance has launched many initiatives, including its very own coin, BNB, which millions of users possess. BNB can be used to trade other cryptocurrencies on Binance’s exchange platform, so expect the BNB price to move up and down throughout the day. Adding it to your fantasy portfolio gives you an edge because Binance itself is one of the most widely used exchanges globally, which influences the growth of its coin. Binance coin was worth $0.09611 back in 2017, and now, one BNB has a value of $356 in just four years.
4. Cardano (ADA)
Market cap: Over $90 billion
Cardano is the fourth largest cryptocurrency in the world by market cap. It has had a modest growth when compared to other cryptos like BNB and the likes. However, its modest growth allows it to withstand market volatility during Bitcoin corrections. ADA is one of the few least affected coins when bear markets occur. Adding it to your portfolio will prove very useful, particularly during bearish seasons. Renowned for its stability, ADA can bring the balance up if you have a couple of volatile coins in your portfolio. ADA was at $0.017 in 2017 and has reached an all-time high price of $3.1 in September. That is over a 12,000% increase in the last four years.
5. Dogecoin (DOGE)
Market cap: Over $27 billion
Dogecoin has risen to become a predominant cryptocurrency option in the market, thanks to its dedicated community. The coin has garnered millions of holders over more fundamental-based cryptocurrencies like Litecoin, Solana, and others. DOGE is a great coin to bet on in a fantasy finance platform like StockBattle. Its strong-minded community spiked a lot of conversations on Reddit and Twitter, which pumps the coin to higher prices. The community has been quiet as of late, so expect the next doge pump in the coming weeks.
Dogecoin’s price back in 2017 was $0.0002. In September 2021, its price is now at $0.29, a 154,900% increase.
6. Polkadot (DOT)
Market cap: Over $25 billion
Polkadot is the ninth largest cryptocurrency in the world by market cap. The token has seen impressive growth since its launch in 2020. From a Price of $2.1 back in August 2020, Polkadot now stands at $28.12 a year later! Almost a 1000% increase from its lowest price a year ago. There is no telling on the potential of Polkadot for the rest of this fall season, which is why it will be a great addition to your fantasy portfolio. Perhaps we may see another 100% increase in the following weeks?
7. Solana (SOL)
Market cap: Over $40 billion
Solana has been dubbed “Ethereum 2.0” or the “Ethereum Killer.” It performs similar services on its network like Ethereum. It was priced at $0.5052 only a year ago and has seen impressive growth in months. It reached a price of $129.95 as of September. That is over 25,536.82% in months! Adding Solana to your fantasy portfolio can be an added advantage for you against other players in a fantasy contest. Think of it as a secret weapon you can use to gain more points and come in first position to win the prize.