Markets
5 Most Expensive Cryptos to Buy This Month
Digital asset prices are rising in the market as investors look for expensive cryptocurrencies to buy for future gains. The adoption of blockchain technology and cryptocurrencies has triggered a surge in digital asset prices. A comparison over the past two years shows a rise in prices of expensive crypto assets.
From Bitcoin (BTC) to altcoins like Ethereum, Ripple, and Solana, expensive cryptocurrencies are rising with inflows. Even though a single coin can be expensive, users can purchase fractions and assets as the price continues to skyrocket. Here are the 5 most expensive cryptos to buy this month.
Bitcoin (BTC)
Bitcoin is the cryptocurrency market leader in terms of price and market capitalization. The asset is trading at $67,028, an increase of 1% in the last 24 hours. Bitcoin dominates the market and is generally described as a gateway asset, as most crypto users prefer to obtain a portion of the asset before diversifying their portfolio.
BTC tops the list of expensive cryptocurrencies and is poised to attract more uses to spot Bitcoin ETFs, which has propelled its price to new all-time highs above $72,000.
Year.finance (YFI)
Decentralized finance protocol yearn.finance which allows users to earn yield on digital assets has seen its native token rise to $7,005. The asset is up 0.5% today even though it faces a 22% revenue decline. Users became involved in the project because of the usefulness of yield farming.
Ethereum (ETH)
Popular altcoin and leading smart contract blockchain Ethereum has seen an increase in market activity that has pushed its price higher. ETH is trading at $3,123, making it one of the most expensive cryptocurrencies on the market. The price of Ethereum expected to soar amid the expected approval of the spot ETF and its staking feature.
PAX Gold (PAXG)
PAX Gold is backed by real gold reserves, meaning its price moves with the value of the precious metal. The assets are trading at $2,384, a slight drop in price and a 58% drop in trading volumes. Each asset is exchangeable for one ounce of gold.
BNB
Binance is the largest cryptocurrency exchange in terms of trading volume and tokens. BNB is trading at $580, moving sideways over the past 24 hours. BNB’s market capitalization stands at $89.2 billion, propelled by activity on the centralized exchange. Over the past 12 months, the asset’s price has increased by 87%, with its price placing it among the most expensive crypto assets.