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The 5 most expensive cryptocurrencies to buy this month
Digital asset prices are rising in the market with investors looking for expensive cryptocurrencies to purchase for future gains. The adoption of blockchain technology and cryptocurrencies has triggered a surge in digital asset prices. A comparison over the last two years shows an increase in prices of expensive crypto assets.
From Bitcoin (BTC) to altcoins like Ethereum, Ripple, and Solana, expensive cryptocurrencies are surging in 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 by price and market capitalization. The asset trades at $68,233, an increase of 2.2% in the last 24 hours. Bitcoin dominates the market and is usually described as a gateway asset as most cryptocurrency users prefer to get a portion of the asset before diversifying their portfolio.
BTC tops the list of the most expensive cryptocurrencies and is poised to attract more inflows to spot Bitcoin ETFs that have pushed its price to new all-time highs above $72,000.
Financial Year (YFI)
Decentralized finance protocol yearn.finance that allows users to earn a yield on digital assets saw its native token rise to $6,908. Today the asset is up 1.2%, although it faces a 22% drop in revenue. Users were invested in the project because of the usefulness of yield farming.
Ethereum (ETH)
The popular altcoin and smart contract blockchain leader Ethereum has witnessed an increase in market activity which has increased its price. ETH trades at $3,129, ranking among the most expensive cryptocurrencies on the market. The price of
Ethereum it is expected to rise ahead of the early approval of the spot ETF and its staking feature.
PAX Gold (PAXG)
PAX Gold is backed by real gold reserves which cause its price to fluctuate with the value of the precious metal. The assets are trading at $2,407.29, with a slight decline in price and a 58% collapse in trading volumes. Each good is redeemable for one ounce of gold.
BNB
Binance is the largest cryptocurrency exchange by trading volume and tokens BNB trades at $576.69, moving sideways over the past 24 hours. BNB’s market capitalization stands at $89.2 billion, driven by activity on the centralized exchange. Over the past 12 months, the price of the asset has increased by 87% as its price makes it among the most expensive crypto assets.