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IN AUGUST 2021, THE BEST CRYPTOCURRENCIES TO BUY AND HOLD.

The crypto market is estimated to be approximately US$1.3 trillion when all cryptocurrencies are combined. There are approximately 7000 cryptocurrencies available in the market, which might be intimidating for several investors. These cryptocurrencies are the top contenders for crypto investments in August.

Don’t miss out on these cryptocurrencies.

1. Bitcoin 

Bitcoin's value has climbed 9 million percent from US$0.008 since its introduction in 2009. It increased by more than US$20,000 in a week in 2017. In April of 2020, it hit an all-time high of US$65,000, which it maintained throughout the year. Bitcoin's value plummeted to US$30,000 as a result of the Chinese crackdown, but it is now regaining ground and approaching US$40,000. Investors who want to profit from Bitcoin's potential now have a lot of options thanks to the price drop.

2. Dogecoin 

Dogecoin has increased more than 15,000 percent in the previous six months, making it one of the top five cryptocurrencies by market capitalization. Despite a severe drop during the market meltdown, market experts believe this cryptocurrency will reach new heights as long as the enthusiasm around it continues.

3. Ethereum

Ethereum is one of the greatest cryptocurrencies for investors due to its widespread use case. The Ethereum network has been the ideal platform for blockchain-based apps since its inception, and it is the cornerstone of DeFi's rapid growth. Ethereum has benefited from the DeFi boom in a variety of ways, including its all-time high price of US$4,350 in mid-April. Ethereum's price is set to skyrocket again, thanks to upcoming new releases.

4. Ripple 

Ripple is a cryptocurrency that is used to facilitate cross-border payment transactions. This digital currency offers the potential to quickly and cheaply transfer fiat monies and digital assets. Ripple's utility will only grow in use cases, so it's a good investment to acquire and own.

5. Litecoin 

Litecoin wants to be a low-cost, rapid, and secure payment platform. In 2021, Litecoin experienced a rollercoaster ride based on Bitcoin's protocol. It began the year at US$124.31, surged to US$359.33 in May, and then plummeted as a result of the market crisis. Currently, investors are taking advantage of the opportunity to purchase Litecoin at a lower price before the cryptocurrency skyrockets.