Mid-Cap cryptocurrencies usually lie in the top 10-50 places in the crypto market. The market cap of mid-cap cryptocurrencies varies between $1 billion to $15 billion. The list of these cryptocurrencies has grown exponentially over time.
Mid-Cap cryptocurrencies have the potential to earn you huge profits but are extremely risky as well. Many investors consider mid-cap cryptos a better option as they have not matured enough to be a high-cap cryptocurrency but can do so.
In this article, we will talk about the top 5 Mid-Cap cryptocurrencies and the reason for their growth.
1. Bitcoin Cash (BCH)
Bitcoin Cash is a child cryptocurrency, which was launched in August 2017. The developers of Bitcoin Cash increased the block’s size in the blockchain as compared to Bitcoin, which allowed it to perform more transactions and offer more scalability.
Bitcoin Cash is an enhanced version of Bitcoin because of fewer scalability issues and increased transactions. It went through a fork in November 2018 and split into two coins, Bitcoin Cash ABC and Bitcoin Satoshi Vision.
- Market Cap of BCH: $12.1 billion
- All-time High Price: $3,717
- Current Price: $644
2. Binance USD (BUSD)
Binance USD, also known as BUSD, is the second mid-cap cryptocurrency according to the market cap. Binance USD is a comparatively new cryptocurrency denominated by USD, which was approved by the New York State Department of Financial Services and was launched in 2019 by Binance and Paxos.
This cryptocurrency is backed by the US Dollar, which makes it as stable as the dollar itself. It is regulated, which makes it less volatile and ensures the implementation of rules to protect customers.
- Market Cap of BUSD: $12.1 billion
- All-time High Price: $6.2
- Current Price: $1
3. Chainlink (LINK)
Chainlink is among the top 3 mid-cap cryptocurrency, a decentralized blockchain platform built on top of Ethereum. This platform provides a link between Smart Contracts and real-world data. The cryptocurrency token that Chainlink offers is called LINK.
LINK cryptocurrency can pay for Smart Contract transactions on the Chainlink blockchain. It is a promising coin as it is not just a cryptocurrency but also offers some practical, real-life applications.
- Market Cap of LINK: $11.9 billion
- All-time High Price: $52
- Current Price: $26
4. Litecoin (LTC)
Litecoin cryptocurrency was developed by a former Google engineer named Charlie Lee and was launched in 2011. It is a decentralized cryptocurrency that can be used as a method of paying people around the world without the need of any middleman. Litecoin’s transaction process is a lot faster than other cryptocurrencies.
- Market Cap of Litecoin: $11.8 Billion
- All-time High Price: $371
- Current Price: $177.5
5. Polygon Matic (MATIC)
MATIC was invented by a group of Indian engineers and was first introduced in October 2017. MATIC coin, also known as Polygon, is an Ethereum-based token that powers the Polygon network. Polygon is a scalability solution for Ethereum that also provides cheaper and faster transactions on Ethereum. MATIC coin has a total supply of 10 billion.
- Market Cap of Polygon: $9.9 billion
- All-time High Price: $2.62
- Current Price: $1.53