The crypto world is not a homogenous group by any scratch. If bitcoin can take the place of fiat currencies like the American dollar, Cardano is a peer-reviewed platform to use decentralized apps.
Limited supply cryptocurrencies have their charm.
And once the limited supply becomes equal to the circulating supply, people will start appreciating the rarity of these cryptos.
For example, the EV industry is becoming a formidable player in the automotive sector, and countries with cobalt and lithium are gaining a lot. It is purely due to the limited supply.
In this guide, we will find out which cryptocurrencies have a limited supply to benefit from their rarity at some later stage.
What are Limited Supply Cryptos?
Limited supply cryptos refer to a cap on the max number of crypto coins issued or are available in the market. There are a few cryptocurrencies that have already reached the max limit, like Litecoin.
But some will reach their max supply far away in the future, like Bitcoin. So, there is an upper limit on the max supply limit. And for many investors, it had its appeal thanks to its rarity.
But not all cryptocurrencies have a limited market supply. There are various other cryptocurrencies available for you to go that do not have any cap on them.
And we will talk about them later in this guide.
But do not consider that you will deal with less crypto volatility if you want to invest in limited supply crypto.
These currencies are also volatile, just like their unlimited supply counterparts. But investors are more attracted to them, just like rare earth metals.
List of Best Cryptocurrencies With a Limited Supply in 2024
- Bitcoin (BTC) – 🏆 Winner!
- Binance Coin (BNB)
- Cardano (ADA)
- Ripple (XRP)
- Avalanche (AVAX)
- Algorand (ALGO)
- Litecoin (LTC)
1. Bitcoin (BTC)
By far, Bitcoin is the most famous and the biggest crypto that makes headlines. And it has started to make its strides towards replacing fiat currencies.
For example, Bitcoin has become a legal tender in El Salvador. However, as per several reports, Bitcoin can only have a max market supply of 21 million coins.
On October 5, 2021, its circulating supply was 18,835,118 coins. Therefore, it is reaching its total supply limit. But it might not hit the peak until as late as 2140.
According to an estimation, the final 3 percent of bitcoins will be mined only after 2100. Therefore, the reward of each block will reduce over time, and it will make crypto mining much more complicated.
In the first week of October 2021, BTC coins were trading at around USD 49,000 per piece. And within a week, it gains in double digits.
At the moment, the total market cap of bitcoins is almost USD 925 billion. So, it is by far the best performing cryptocurrency you can go for, and it has also seen the most market rate fluctuations to date.
The good news is, Bitcoin is easy to buy as it is the most popular crypto coin and is on pretty much all crypto exchanges. Some people want to buy Bitcoin anonymously, but that is difficult as most exchanges require KYC identification.
2. Binance Coin (BNB)
BNB or Binance Coin is the native token that runs on Binance. Binance is the leading cryptocurrency exchange at the moment.
The coin came back in 2017 as ICO or Initial Coin Offering. At that time, it was the total supply of this cryptocurrency would be 200,000,000 coins.
There have been some eventual burns, but the supply of this cryptocurrency is falling. Binance is currently aiming to become the top solution provider for all needs with the distributed ledger.
This network now includes Binance Smart Chain, and it supports various decentralized apps. In the first week of October 2021, BNB coins were trading at around USD 420.
The market cap for BNB coins is approximately USD 72 billion.
The crypto exchange has also faced some crackdowns by different regulators. But these crackdowns have not impacted the cryptocurrency that much.
So, this is another option that you can consider. But this currency has also faced some regulatory crackdowns from major global economies like China.
Some other governments are also developing their policies to tighten hold on this cryptocurrency.
3. Cardano (ADA)
One of the best cryptos of 2021 is Cardano, and it was launched back in 2017 as one of the blockchain platforms. The native token on this platform is ADA.
Cardano works based on proof-of-stake concepts. However, experts claim it to work better than proof of work.
Due to the recent hard fork Alonzo, this platform now supports various smart contracts. The proof-of-stake has less power protocol than other mechanisms.
Cardano’s ADA has a total market supply of 45 billion coins. Whereas the current circulating supply of these coins in the market is more than 33 billion.
In the first week of October 2021, ADA was trading at around USD 2.2 per piece. The total market cap of this cryptocurrency is almost USD 70 billion.
4. Ripple (XRP)
This cryptocurrency runs on its one platform called RippleNet. This platform belongs to a blockchain payment network Ripple.
XRP has its database, called the XRP, more significant. At the same time, XRP is the native token on this platform.
XRP focuses on international payments and makes them cheaper and faster. These XRP coins have a max supply of 100 billion coins. Therefore, the limited supply of these coins is quite interesting.
Moreover, it comes with unique blockchain features. In the first week of October 2021, XRP had a trading price of USD 1.04 per piece.
Its market cap is just over USD 48 billion.
5. Avalanche (AVAX)
This cryptocurrency exchange also allows decentralized applications to build on their blockchain platform. Some projects that run on the Ethereum blockchain also support this platform.
C-Chain, P-Chain, and X-Chain are the distinct blockchain for this platform. And each of them has different features.
The native token here on this platform is AVAX, and it has a max supply of 720 million coins. More than 391 million were in supply in the first week of October 2021.
Avalanche is a solid Etherum competitor, and many people find it an interesting alternative to Ethereum. At the beginning of October 2021, AVAX was trading at USD 65 per piece.
Its total market cap is about USD 14.3 billion.
6. Algorand (ALGO)
This is a crypto with a huge market cap and limited supply. The blockchain technology of this platform is considered to be a Bitcoin alternative.
The reason is that Bitcoin consumes too much electricity.
Therefore, based on the proof-of-stake mechanism, this platform is cryptocurrency without mining, like other blockchains competing to make transactions much cheaper for users across the globe.
Moreover, Algorand is making it possible without needing any permission.
This cryptocurrency can have a max supply of 10 billion coins. More than 6.6 billion coins were already in supply in the first week of October 2021.
At that time, this cryptocurrency was trading at USD 1.9 per piece. And the market cap for this cryptocurrency was USD 12 billion.
7. Litecoin (LTC)
This currency was created back in 2011 as one of the competitors of Bitcoin. It is often touted as the lighter version of BTC.
It has a much lower block time and has much lower fees. And the best part is that Litecoin is a purely digital currency, just like Bitcoin.
LTC can only have a max supply of 84 million coins, and it has already been achieved. This script-based coin competes with BTC as a digital currency and not a blockchain technology like Ethereum.
In October 2021, LTC was trading at around USD 167 per piece, and its market cap totaled USD 11.4 billion.
If you think that Bitcoin is too much and less green, you have a lighter version to use, Litecoin. It is much faster, and you will have to bear fewer transaction costs.
Top-Rated Crypto Exchanges
These crypto exchanges have been voted as the best consistently in user ratings across various websites.
First we collated the user review data, then we performed our own tests to ensure 100% legitimacy of the exchanges.
These are by far the best services on the market today, and we continue to use them ourselves.
Why Invest in Cryptocurrency?
You’re probably someone who has heard of the world of cryptocurrency at this point, but you are yet to dip your toe in.
You are probably feeling a little bit pessimistic about it, because it is such a new field, and you know so little about it.
You have also heard from a lot of people that it is supposed to be just a temporary fad, and it won’t last.
However, we believe that the opposite is true, and we believe that cryptocurrencies are here to stay, and are going to become a very important part of global currency in the future.
Not only is this one of the reasons why you should be investing in cryptocurrency, but another reason is that it is still early days, which means that if you make your investments now, you could end up making a lot of money in the future.
Why Invest in Cryptocurrency with A Limited Supply?
Similar to traditional currencies and gold, the thing about cryptocurrencies with limited supply that makes them so appealing is the fact that there is a high demand for them.
When something is limited in supply, of course this increases its demand, which naturally increases its value.
You don’t really want to go for a cryptocurrency token that doesn’t have a limited supply, because there is no incentive for the value to increase.
How Do I Trade Cryptocurrency?
We think that the best way to trade cryptocurrency is to sign up for a platform or exchange where you can buy, sell and trade your cryptocurrency tokens.
We also recommend that you look for a cryptocurrency platform that can help you store your cryptocurrency tokens successfully as well, so that you don’t have to work with more than one platform at the same time.
Not all the cryptocurrencies working today have a limited supply. Ether is the second-largest cryptocurrency as per market cap has no cap on the maximum number of its coins.
It is categorized as an unlimited supply cryptocurrency. But limited supply is an attraction for some investors.
Low supply cryptos that have multi-billion dollar market cap appeal more, so investors are drawn in investing in such cryptos.
However, apart from the above-listed cryptos, there are multiple other cryptocurrencies too, and they have a limited supply of coins available.
These include the likes of Filecoin, Tron, Theta, and others. These cryptocurrencies also have a limited supply of coins. Hence, the investors in these coins have the benefits of commodity rarity.