Bitcoin
5 most expensive cryptocurrencies to buy this month
Digital asset prices are rising in the market as investors look for expensive cryptocurrencies to buy amid future gains. The adoption of blockchain technology and cryptocurrencies has led to an increase in the prices of digital assets. A comparison over the past few years shows a jump in prices for expensive crypto assets.
From Bitcoin (BTC) to altcoins like Ethereum, Ripple, and Solana, expensive cryptocurrencies are rising with inflows. While a single coin can be expensive, users can purchase fractions and assets as the price continues to rise. Here are the 5 most expensive cryptocurrencies to buy this month.
Bitcoin (BTC)
Bitcoin is the cryptocurrency market leader in price and market capitalization. The asset trades at US$67,028, an increase of 1% in the last 24 hours. Bitcoin dominates the market and is often described as a gateway asset as most crypto users prefer to get a share of the asset before diversifying their portfolio.
BTC tops the list of expensive cryptocurrencies and is poised to attract more usage flow to identify Bitcoin ETFs, which has driven its price to new highs above $72,000.
Yearn.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 despite facing a 22% drop in revenue. Users invested in the project due to the usefulness of agricultural production.
Ethereum (ETH)
Popular altcoin and leading smart contract blockchain Ethereum has witnessed a surge in market activities driving up its price. ETH trades at $3,123, ranking it among the most expensive cryptocurrencies on the market. The price of Ethereum is expected to rise amid early approval of the spot ETF and its staking feature.
PAX Gold (PAXG)
PAX Gold is backed by real gold reserves, causing its price to move with the value of the precious metal. The assets trade at $2,384, a slight decline in price and a 58% drop in trading volumes. Each asset can be redeemed for one ounce of gold.
BNB
Binance is the largest cryptocurrency exchange by trading volume and its token BNB is trading at $580, moving sideways over the last 24 hours. BNB’s market capitalization is $89.2 billion, driven by activities on the centralized exchange. In the last 12 months, the asset’s price has risen 87%, as its price places it among the most expensive cryptoactives.