Best currency to invest in 2021
Cryptocurrencies have prodded the world with the benefits. Everyone is crazy to know and learn about these currencies.
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The noise made by the profits that caused people to earn is enough for them to tap into the crypto world. The year 2021 will be gut-twisting for the people! Litecoin (LTC)
litecoin cannot be ignored. Like ripple it also showed great performance in 2017. I t s tarted from $4 and grew up to $ 358. However, it dropped in 2018 but the game is not over yet. You can invest in litecoin during this year because it is expected that it would rise. Moreover, during the la st year the litecoin and bitcoin followed same patterns . Many people are interested in litecoin because of the string connection between the bitcoin. It completes a transaction four times faster than bitcoin.
The favorable cryptocurrencies to invest in 2021
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Cryptocurrencies have prodded the world with the benefits. Everyone is crazy to know and learn about these currencies. The noise made by the profits that caused people to earn is enough for them to tap into the crypto world. The year 2021 will be gut-twisting for the people!
2020 was marked by the serious pandemic that caused various businesses and projects to decline. Many lost their assets and now when the things got better, the people start earning to sustain. Many of the people are concerned with the investments. It is one of the wisest decisions to invest in cryptocurrencies. If you want to invest then you must invest in the digital assets. It is a better option than investing in other businesses.
Peer – to – peer P latforms
People ar e aware of the popularity bitcoins are gaining day by day. Many people have now started educating themselves with the crypto world. Some take help from the platforms. Beginners usually use bitcoin prime platform to ease all the obstacles they encounter during investments. These sites have been assisting people and will provide with better services in the upcoming year. With such a hype we must know what the new year favours us?
Bitcoin (BTC )
when you hear the term cryptocurrency, bitcoin is the currency that comes in your mind. This is because of the popularity it has gained. It is the oldest currency and still dominant globally. Therefore, bitcoin will definitely rise in 202 1 because it already strikes high price after staying low for longer period . It will be the best decision to invest in bitcoin that has already made many people kings by just investing a few bucks.
Ethereum (ETH)
ethereum became the second largest cryptocurrency after bitcoin. 2018 has been the year having the meteoric rise of ethereum where it reached $1423. Ethereum is a bit advanced from the bitcoin due to a more enhanced blockchain technology. By using ethereum you can build your o w n cryptocurrencies . Ethereum is easier and must be looked into for the investors who are planning to invest in 202 1 .
Ripple (XPR)
Ripple made a huge jump in 2017 when it started from zero to $2.4 within the same year. While the price dropped in 2018. But still nothing to be sad of? You can still invest in this year because it may rise in this year gi ving you huge profits. Ripple is also used as a payment system for transacting international payments safer . How awesome is this when you come to know that your payment with ripple gets transferred within seconds despite taking long days.
Litecoin (LTC)
litecoin cannot be ignored. Like ripple it also showed great performance in 2017. I t s tarted from $4 and grew up to $ 358. However, it dropped in 2018 but the game is not over yet. You can invest in litecoin during this year because it is expected that it would rise. Moreover, during the la st year the litecoin and bitcoin followed same patterns . Many people are interested in litecoin because of the string connection between the bitcoin. It completes a transaction four times faster than bitcoin.
Tron is another great cryptocurrency and is platform that gives you the only power. It is a block chain-based project. Tron never shares your information with others. It keeps full privacy. It is one of the best currencies to be invested in 202 1 because the wild ride of 2020 would repeat in this year. So, you need to buckle up.
Final word
The question may come into your mind about the right time of investing these currencies. However, the reality is no one knows a perfect time. Investing may be a risk but if the hit goes to the target then success is all yours! Moreover, the wisest way is to look all the past patterns and then on their basis you should invest.
Which cryptocurrency is the best to invest in 2021?
For more than a decade, bitcoin was created by satoshi nakamoto. This is the first and well-known type of digital currency in the crypto world. But despite its popularity, bitcoin is not the only digital money that circulates in the online world. About 7,000 forms of cryptos exist in the market these days. Considering this huge number, a lot of investors don’t know which form of digital money is best to invest in. In this post, we are going to offer you the top cryptocurrencies you may invest in 2021. So, if you want to know more about it, keep reading.
Bitcoin cash (BCH)
Bitcoin and any other cryptocurrencies are being monitored using blockchain technology. This system is responsible for storing data regarding every transaction happening in the crypto world. The crypto transactions happen in “blocks of data’. Each block is consisting of 1 MB of data. Considering the popularity of this digital currency, lots of data blocks are developed. This results in a possible increase in transaction fees and a slowdown in the speed of bitcoin transactions.
Other bitcoin developers developed a solution that could cut down the data amount required in every block. But some developers think that these solutions will compromise the crypto’s integrity. That’s why they developed bitcoin cash, another version of bitcoin, back in 2017 august. This new version of bitcoin features powerful blocks that can hold around 8 megabytes of data. This allows for more frequent and faster transactions. The good thing about it is that each transaction requires lower fees than the others.
Decentralizing the currency is one of the primary philosophies behind the development of several forms of cryptocurrencies. One of the cryptos that take this philosophy further is ethereum. Instead of following the philosophy of decentralizing money, the main goal of this crypto is to develop a decentralized internet by developing a single computer that can be used by crypto users around the world.
Aside from bitcoin, ether is the second most popular and largest form of crypto worldwide. It has a total market cap of around 139 billion US dollars, making it to be the second contributor in the market share. Ethereum becomes popular because it is being used for hosting different digital currencies. This means that the investors make a profit from investing in ETH and enjoy huge benefits from using ethereum itself.
The ethereum platform is established using agreements or smart contracts made by two individuals who use the same blockchain network. Unfortunately, this kind of transaction is only possible on ethereum and other similar platforms. The solution to this problem is oracles. Compared to other crypto platforms that already developed several ways for oracles to recourse their data, chainlink becomes popular because of its system that guarantees accurate data. This ensures that the smart contracts are legal and valid.
Conclusion
Aside from bitcoin, there are lots of digital currencies in the crypto world that you may choose to invest in. Just like bitcoin, the digital currencies we have mentioned above also consist of pros and cons you need to weigh. For more information you can visit online trading platform like this software
Before you decide which digital currency, you want to invest your money in 2021, make sure that you know and understand how a cryptocurrency works. Also, equip yourself with facts and other reliable information that will help you to manage your cryptos safely and securely.
Even though investing in cryptos, such as bitcoin, is quite risky, the benefits you can get from them are worth it. Bitcoin cash, ethereum, and chainlink are only three of the best cryptocurrencies you should invest in this year.
What cryptocurrency will explode in 2021 – from bitcoin to defi tokens
We’re all waiting for the next major bull season that can help us to gain a massive profit. How to choose the right crypto to invest in? The first point to keep in mind is cryptocurrency liquidity. What else can help you make the right prediction about any crypto future? Changelly is here to discover you the world of best penny altcoins and real mastodons of cryptocurrency investment.
What cryptocurrencies will explode in 2021?
We have selected 15 cryptocurrencies that will boom next year. From the king of the cryptocurrencies, bitcoin, through the hyping defi tokens, and to the small local crypto projects, we’re starting our way to get the profitable coins right now!
According to the financial analysts and crypto professionals, there are fifteen cryptocurrencies that can bring you an impressive income next few years, among them:
- Bitcoin
- Ethereum
- Litecoin
- Tezos
- Cardano
- Monero
- Chainlink
- XRP
- Aave
- BAT
- Crypto.Com
- Yearn.Finance
- Binance coin
- Tron
- Filecoin
1. Bitcoin (BTC)
Investing in bitcoin is always a good idea. This cryptocurrency is still the first in terms of market capitalization (but not in terms of price anymore). Dominating since 2009, bitcoin becomes the strongest for further years because of its idea and users’ trust. Moreover, bitcoin proved to be resistant to any significant market crash.
In 2020, every sphere of the economy was affected by the coronavirus pandemic. After the lockdown all over the world, the price of bitcoin went down to $4,700 in late march. During the summer, bitcoin has recovered both in price and market, so in september, the rate tested $12,000 point. Some experts say that the recovery is in its beginning. They might be right; look at the recent bitcoin price:
2. Ethereum (ETH)
Despite the negative performance of each and every crypto in late march, ethereum was strong throughout 2020. In september, the price of ethereum hit $480 point, which is the highest in 2020.
The success of ethereum is quite understandable. The first factor is defi growth. Chainlink, wrapped bitcoin, maker – all those tokens made on the ethereum basis. The second factor is the launch of ethereum 2.0, which will be completed by the end of 2020. The users are excited about ethereum’s transition to the proof-of-stake algorithm. There are almost 50,000 ETH blocked on the deposit contract, at the moment of writing.
It’s quite obvious that ethereum is a good investment option because it’s staying along with bitcoin for many years. The silver cryptocurrency has high liquidity, so you won’t have to worry about selling and purchasing it. By the way, changelly allows you to buy or exchange ETH coins and other crypto assets with just a couple of clicks.
3. Litecoin (LTC)
Litecoin might not be one of the prospective cryptocurrency for investment. However, we treat the coin with respect because of its position in the crypto world. The coin has a huge market capitalization of almost $4 billion. Though the cryptocurrency didn’t gain impressive heights in 2020, it’s still very promising. Its performance showed a growth of more than 8,000% for all the time of existence.
Recently, litecoin blockchain got the fantasy RPG named litebringer. Since the game process requires some litecoins, it increased the number of transactions in the network. Moreover, litecoin is in the list of supported means of payment in paypal. It looks like the LTC coin has a future and potential to grow.
4. Tezos (XTZ)
Tezos cryptocurrency grants users access to affordable staking. Since the XTZ coin price is around $2, it’s easy to get some in your portfolio. Usually, users need about 20 days to get the first profit. Tezos blockchain uses delegated proof-of-stake, so it’s possible to become a block validator or delegate this right to others.
In 2020, the price of the coin rose by almost four times from $1.2 to $4.28. Now the coin rate has adjusted, so it’s very affordable to buy. Your coins will be completely safe because the blockchain is secured by a smart security protocol. Look at the cross-rates on changelly and invest safely in tezos coins within minutes.
5. Cardano (ADA)
Cardano cryptocurrency is known for its long-time developing blockchain. Launched in 2017, the cardano blockchain is still under development. This might be the one and only reason why to invest in ADA.
Though its ecosystem is not completed, the last milestone called shelley pushed the asset’s price up just after a few improved features. One of these features is long-awaited staking. Now holders can create the staking pool or delegate this action to others.
As for the rate, the ADA coin has gained some value from the beginning of the year. Started the year with a price tag of $0.02, cardano was worth $1.5 by august. Now the price has adjusted, so it’s very affordable to get some ADA coins. We offer our users the opportunity to invest in ADA right now.
6. Monero (XMR)
Monero was launched back in 2014, focusing on privacy and decentralization. Monero is an incredible cryptocurrency, thanks to its security and fungibility. The cryptocurrency, alongside bitcoin and litecoin, became a means of payment in the real world. The greatest advantage of the monero blockchain is the ability to make a transaction in a couple of minutes (consider that bitcoin needs about 10-15 minutes).
Although the XMR rate didn’t show the performance of 2018, the results in 2020 are quite impressive. Even though the coin fell under the influence of the entire market in march 2020 and the price sank to $34, its price has adjusted perfectly to $135. Monero is in an upward trend, so the fact that it is profitable to invest in monero is obvious.
7. Chainlink (LINK)
Chainlink oracle network is run on the ethereum blockchain. Since the defi market sector rose, LINK took the major dominance in this space. The project seeks to solve the problem of supplying information from the outside world to the blockchain. Chainlink has competitors, but the project is firmly entrenched as a leader in its sector.
If we talk about the coin rate, then 2020 has borne fruit thanks to the heyday of the defi. Back at the beginning of the year, the coin was worth less than $2. In august, the price of LINK reached almost $20.
Since decentralized exchanges are gaining more and more popularity, the need for oracles that would supply information about cryptocurrency rates is growing accordingly. As long as there is a need for such information, chainlink will be relevant, and the price of the coin will rise.
8. Ripple (XRP)
Ripple provides fast, inexpensive, and reliable transactions. XRP cryptocurrency developers are aimed at large financial corporations rather than ordinary users. Thus, ripple acts as a bridge between traditional banking systems and digital payment technology. In this sense, the coin acts as a native token that determines the transfer amount in any currency in the world.
In 2020, the XRP showed stability: in march, the currency did not suffer as much as other coins. Therefore, ripple cryptocurrency can be a great asset to invest in. XRP value depends on future partnerships and their success. By the way, recently, ripple launched the line of credit business lending program. The beta version of the service operates on the ripplenet network and is available to a limited number of customers.
9. Aave (AAVE)
Aave is the third-largest lending platform in defi – that’s why its native cryptocurrency is extremely popular. LEND token has appreciated 1,200% on a year-to-date basis. Recently, the token with ticker LEND migrated to the AAVE one at a rate of 100 LEND for 1 AAVE. This made it possible to participate in the government of the protocol and conduct staking. From now on, users can receive passive income from investments.
Within a few days, the AAVE price began to grow, so it might be a good idea to take a closer look at this project and the possibilities to take advantage of it.
10. Basic attention token (BAT)
Basic attention token is a native cryptocurrency of the brave browser. The cryptocurrency is used as a reward for viewing ads by users in the browser. BAT has become one of the most high-profile affiliate programs in the history of cryptocurrency. The point is simple – watch ads and make money from it. The token recovered quite quickly after the market crash in march, and in august, its price doubled from $0.2 to $0.4.
11. Crypto.Com coin (CRO)
Crypto.Com platform is a kind of crypto bank with a lot of tools and unique products. There are cryptocurrency cards, exchange, wallet, etc. All these products are united by one native CRO token, which is used in this network. With its help, commissions are paid on the exchange, as well as a cashback from the card is obtained.
In 2020, the asset price has gone up incredibly. Starting a year at $0.03, the token reached $0.2 in august. The СRO suffered the least from the march fall – the token price fell by only one cent. Now the crypto.Com token price is being adjusted; maybe it’s time to diversify your cryptocurrency portfolio with it?
12. Yearn.Finance (YFI)
Yearn.Finance is another representative of the defi market. Having become popular this summer, the YFI coin continues to be more expensive than the first cryptocurrency, bitcoin. Yearn.Finance completely changed the game in the cryptocurrency market. These investments in liquidity pools can bring incredible returns.
Features available on this platform can’t be found almost anywhere. This reflects the uniqueness of the project and its coin. Remember that YFI can bring both large revenues and huge losses. We have already talked about this cryptocurrency’s possible future in price prediction for the next five years; take a look here.
13. Binance coin (BNB)
Though binance coin is created to pay fees or receive a discount on the binance exchange, some experts claim it can be a profitable investment tool. At the beginning of the year, the BNB coin showed positive dynamics, but in march, the rate followed the rest of the market down.
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However, immediately after the fall, an uptrend appeared in the chart, which continues today. The bullish cycle changed the march price of $10 to $30 in mid-september. Since the binance coin is an asset of the exchange, as long as it thrives, the BNB coin price will also rise. So why not take advantage of the growth and buy BNB? (hint: we’re offering one of the best market prices for BNB to expand your crypto portfolio).
14. Tron (TRX)
We are adding one of the most controversial cryptocurrencies to this rating. You may think differently about tron’s creator, justin sun, but his cryptocurrency has been at the top in terms of market capitalization for many years.
Since tron became the owner of bittorrent, the chances of profit have doubled. In fact, one project holds two cryptocurrencies in the market at once. However, tron is more successful in his performance. Although the cryptocurrency did not bring large profits to its holders, it did not drop dramatically in price. In september, the price of an asset actually tripled: from $0.01 to $0.03.
15. Filecoin (FIL)
We’ve already talked about the filecoin network. If you are interested in basics, check out our article.
We have added filecoin to this rating rightfully. The project has been preparing to start since 2017, and finally, in 2020, the developers’ dreams have finally come true. The team launched decentralized file storage with the ability to make money from mining. The very scope of the project is promising since centralized cloud storage is not so secure.
Since the project was launched on october 15, not enough data has yet been collected to reasonably estimate the coin’s future. We judge only by the existing perspective. The project has a promising roadmap and a great team. Can’t promise incredible growth, but no guts, no glory.
How to make a profit on cryptocurrencies?
It is difficult to decide to take the first step into cryptocurrencies: everyone around them talks about market volatility and, more often, does not understand how digital assets work. The most important advice is to be prepared for significant losses. Unless you are ready to lose half the value of the coin you invested in, you can hardly wait for its price to recover.
The second tip is to diversify your portfolio. Start with more established and time-tested cryptocurrencies. As you explore the market, consider various small projects, and invest in them. Sometimes, when bitcoin falls, some altcoins can rise in value.
The third and perhaps most important advice is not to keep your money on an exchange. Think about a safe place for your investments. We have already written many reviews of wallets for storing this or that coin. So you can use the already proven methods.
Regardless of the investment strategy you choose, remember about security and constant market analysis. Once you enter the world of cryptocurrencies, you will not remain indifferent, and changelly is here to make your experience in the market comfortable. Check out our cross-rates for purchase or exchange cryptocurrencies. We accept bank cards, transfers, and even apple pay.
Best cryptocurrency to invest in – Q&A
We’ve chosen five most common questions regarding the theme and answered to it.
Which is the most profitable cryptocurrency?
The answer to this question is quite obvious. We won’t hesitate to claim that bitcoin is the most profitable cryptocurrency. Look at the rise in the price of bitcoin at the end of 2020. Few believed that bitcoin would return to its former heights. However, it was quite predictable for us that bitcoin would continue to grow and eventually become the most promising cryptocurrency in history.
Which crypto has the most potential?
If we consider the cryptocurrency other than bitcoin, it might be ethereum. In 2020, the project reached quite a lot of milestones and the developers won’t stop in the nearest future. The potential of ethereum is endless. The ability to create projects based on the ethereum blockchain allows ETH cryptocurrency to go beyond what has already been achieved.
What is the best penny cryptocurrency to invest in?
We believe that the best penny-worth cryptocurrency you should buy is cardano (ADA). The project is constantly developing and improving the product. Recently, the team announced the compatibility of the cardano and ethereum blockchain. Looks promising enough?
Which cryptocurrency will explode in 2021?
According to the analysts, there are some crypto coins (that are actually users’ favorite) that can explode next year. They consider ethereum, polkadot, chainlink, and monero to grow. Bitcoin is among those crypto coins which will explode too.
Which cryptocurrency is growing the fastest?
Bitcoin is still the world’s fastest growing cryptocurrency. However, there are some altcoins that showed us the impressive uptrend this year, among them YFI token, chainlink, polkadot, and tezos crypto coins.
5 investment trusts I’d buy for 2021
Edward sheldon, CFA | saturday, 2nd january, 2021
Investment trusts can be a great way to invest in the stock market. Not only do trusts provide an investor with exposure to a range of different companies, but they’re also very cost-effective.
Here, I’m going to highlight five investment trusts I like for 2021. These are my preferred plays for exposure to global equities and UK shares.
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Global investment trusts for 2021
In the past, baillie gifford’s scottish mortgage was one of my favourite investment trusts. However, right now, I’ve concerns over the valuations of many of its holdings. Tesla and NIO, for example, which made up nearly 20% of the trust at 30 november, are very much in bubble territory, in my view.
For this reason, my preferred play in the global equity space for 2021 is monks investment trust, baillie gifford’s more under-the-radar offering. Like SMT, this trust focuses on growth companies. However, it doesn’t make the same kind of large bets on higher-risk companies in the way that SMT does.
Tesla, for example, is a much smaller holding at less than 2% of the portfolio. It also offers exposure to more stable growth companies such as microsoft, mastercard, and estée lauder. Long-term performance here has still been very good. Over the last five years, it has returned about 220%, according to trustnet. All things considered, I think it offers an attractive risk-reward proposition.
Also in the global equities space, I like smithson. This investment trust, which is fundsmith’s mid-cap/small-cap offering, is run with a similar approach to that of fundsmith equity. Smithson has performed well since its launch in october 2018, returning 23% per year (to 30 november). Currently, its top holdings include the likes of rightmove, data company equifax, and machine reading specialist cognex.
Finally, for a pure technology play, I like the allianz technology trust. To my mind, this trust is a good way to play the technology boom. Its top holdings include alphabet (google), amazon, and apple. It has returned about 370% over the last five years, which is a very impressive performance.
UK investment trusts for 2021
In the UK equities space, one of my preferred plays is murray income. This is an equity income investment trust that has a focus on higher quality companies. Its top holdings currently include diageo, unilever, and astrazeneca. It’s been a pretty solid investment over the last five years, returning nearly 50%, and comfortably beating the FTSE all-share index (22%). It also has a five-star rating from morningstar.
Finally, in the UK smaller companies area, I like blackrock throgmorton. This is a high-conviction, growth-focused investment trust that aims to invest in the UK’s most differentiated and exciting emerging companies.
It looks for businesses with strong and dominant market positions and strong management teams. Top holdings at 31 october were games workshop, yougov, and gamma communications. This trust has been a strong performer, returning nearly 120% over the last five years. It’s worth noting it does have a performance fee. That’s one downside. However, overall, I see it as a good way to get small-cap exposure.
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Top profitable best cryptocurrency to invest in 2021 long term
Best cryptocurrency to invest in 2021 for getting more profit in trading or investment many new cryptocurrency.
Basically cryptocurrency is a virtual currency or money people will trad for future profitable make money.
Now these days best cryptocurrency to invest 2020 or 2021 demand increased day by day and more people now want to trad or invest these currency.
Today i will provide you top cryptocurrency list 2019 and 2020 for invest and this is better if we compare to stick trading.
Now i am provide you top best cryptocurrency list for invest in short term trad.
Top cryptocurrency to invest in 2021
Now i am give you complete list top cryptocurrency to invest in 2019 or 2020that are profitable in future life.
There are many 5001 cryptocurrency in all world but i am give you best cryptocurrency to invest 2018.
Bitcoin best cryptocurrency to invest
These days every one know about bitcoin and have makrket capitalization almost $76.717763,616.
Bitcoin base on satoshi small in beginner time but time time bitcoin rate increased day by day and many investor now focus on bitcoin trading.
Now you can buy 1 BTC price 6000$ this is virtual currency not physical.
If you can not buy bitcoin at this time don,t worry invest in satoshi which is also profitable part of bitcoin.
Bitcoin more secure for transaction or tranfer from one place to another place with in few minuet.
Ethereum best cryptocurrency
Ethereum is number two in best cryptocurrency in 2018 or 2019.This is place where people buy or sell ethereum best cryptocurrency to mine 2018.You can save this in any blockchains address.Siacoin price prediction 2018 you can also get here.
Bitcoin cash
Bitcoin also best currency for invest and its part of bitcoin before.Now bitcoin cash itself part of cryptocurrency and have market cap of 11,162,456,677. You can also check complete list of cryptocurrencies prices.
Ripple best cryptocurrency for invest
If we compare in top ten cryptocurrency 2018 and 2019 then ripple is 4th number for best invest or trad with profitable money.
Ripple is best gross settlement system network for cryptocurrency.
Riplle appear for 1st time in 2012 but these days more people are trust to invest for profit long term.
Ripple have market gap almost 8,579,125,899 and most top crypto currencies blockchain explained.
Now mostly people thinking what is the best cryptocurrency?
Litecoin top cryptocurrency to invest
Litecoin is is best digital currency and have open source pear to pear like bitcoin future value .Litcoin have market gap 4,202,456,789.This is also new digital currency 2018 and 2019.
These day mostly people want long term profit in best cryptocurrency to buy for making big profit in short time period.
New is just new currency but growing fast day by day launch was at 31st march 2015 best new cryptocurrency.
New biggest cryptocurrency image have totaly market cap 2,678,884,00 in latest market digital currency report will bitcoin go up?
Dash popular cryptocurrency
Dash in popular cryptocurrency list 7 number that are growing day by day also know as xcoin bitcoin inflation.
Dash have market total gap 2,602,342,807 and introduced in 3 year ago.
At this time on dash coin cost 358.31 upcoming cryptocurrency 2018.
Monero
Monero also best cryptocurrencies to invest in 2020 and 2021. Its wast introduced in april 2014 in local market.
Monero market cap $1,917,244,354 with value $127.37 for unit in top ten cryptocurrency.
I will provide you complete list of digital currencies.
This also know as most promising cryptocurrencies.
IOTA
IOTA is also best cryptocurrencies in digital market.You can transfer these currency without any fees in all blockchains.
IOTA have market capitalization of $1,820,205,988 and you can also get $0.654862.
Mostly these days all big investor invest in penny cryptocurrencies IOTA.
11 best cryptocurrencies to buy for 2021
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As of now, there are over 5,000 cryptocurrencies listed on coinmarketcap, and probably twice as many that you’ll never know about.
That’s a lot. So, what is the best cryptocurrency to buy in 2021?
In this article, I will share my 11 best cryptocurrencies to invest in for a strong, diversified portfolio.
Whether you are looking for the next big cryptocurrency, or for which altcoins to buy to diversify, read on.
As of now, there are over 5,000 cryptocurrencies listed on coinmarketcap, and probably twice as many that you’ll never know about.
That’s a lot. So, what is the best cryptocurrency to buy in 2021?
In this article, I will share my 11 best cryptocurrencies to invest in for a strong, diversified portfolio.
Whether you are looking for the next big cryptocurrency, or for which altcoins to buy to diversify, read on.
Investing in cryptocurrency is risky, but investing in only one is way more dangerous.
Diversification is key
There isn’t only one best cryptocurrency to buy.
Lots of cryptocurrencies have various use cases and promise to disrupt various industries.
Investing in cryptocurrency is risky, but investing in only one is way riskier.
So make sure to diversify your crypto portfolio.
Diversification is a great way to hedge your risk and increase your chances of being involved in the next hot cryptocurrency.
Since I love diversification, my list of the best cryptocurrencies to invest in includes coins that:
- Land in different categories of coins that exist.
- Are some of the less volatile coins in each category.
- Are relatively easy to store and trade.
As all cryptocurrencies presented are so different, make sure to think about which ones make the most sense for your portfolio and your investment strategy.
The 11 best cryptocurrencies to buy
Going forward, I will describe each coin, its purpose, team, liquidity , price volatility, and other metrics.
In the end, you will have a solid understanding, so that you can decide for yourself which is the best cryptocurrency to buy in 2021.
I will start with popular, well-known cryptocurrencies. Ideal for beginners.
Then, I will move on to some more advanced coins.
These coins may generate more profits, but they require you to know a bit more about them.
Plus, they are likely more volatile than the first coins on my list.
If you’ve already invested in top cryptocurrencies offered on platforms like coinbase and want to expand your portfolio, then the coins at the bottom of my list might be best for you.
#1. Bitcoin
Bitcoin is the most widely used cryptocurrency to date. It is often referred to as the king of cryptocurrencies, and its primary goal is to act as global, peer to peer, digital cash.
Best cryptocurrency to buy. Bitcoin vs. Fiat money
- Team: bitcoin is the only cryptocurrency that I recommend with an anonymous founder. The creator of bitcoin is known as satoshi nakamoto . There is a lot of speculation about who he or she is, but ultimately, no one knows. On the other hand, the team actively updating bitcoin’s open-sourced codebase is run by top cryptographers in the space, such as adam back.
- Liquidity: bitcoin has the highest liquidity in the space, making it the best cryptocurrency to buy for beginners. You will have no trouble buying or selling bitcoin - there will always be someone on the other end to match your order.
- Price volatility: despite its volatility, bitcoin is known to be one of the most stable cryptocurrencies. It would require a lot of capital for someone to manipulate the price.
- Crypto economics: bitcoin runs on a pow ( proof-of-work ) system, which means miners receive block rewards in bitcoin. Initially, the block reward was 50 BTC per block, but every 210,000 blocks the reward halves. This means, over time, inflation decreases. Also, the supply is limited: only 21 million coins will ever be mined. As demand increases, the price should rise substantially.
- What makes bitcoin a good investment? Market share. Did you know that bitcoin accounts for over 60% of the total cryptocurrency market cap? This dominance means it has tremendous momentum, which makes it the best cryptocurrency to invest in 2021 if you’re a beginner, or if you simply don’t trade much.
Simply put, bitcoin is still the best cryptocurrency to buy today, if not the best. I would not recommend anyone invest in cryptocurrency without investing in bitcoin.
#2. Litecoin
Litecoin is one of the first cryptocurrencies to come after bitcoin, and one of the hottest cryptocurrencies of the last decade.
Using bitcoin’s source-code, litecoin is a fork of bitcoin with some technical changes to the code, making it much faster than bitcoin. Its mission is also to be a global, peer to peer currency.
Best cryptocurrency to buy. Source: imgur.Com
- Team: the creator is charlie lee. He is an experienced computer scientist, who also worked at coinbase as the director of engineer. His brother is bobby lee, founded BTC china, a large exchange . Charlie is both experienced and well connected.
- Liquidity: litecoin is very liquid. It has had high liquidity and a large market cap since its creation.
- Price volatility: litecoin is more reliable of a hold compared to higher risk coins with smaller market caps and communities.
- Crypto economics: litecoin started with a 50 LTC block reward , now it is 12.5 LTC. There is a limited supply of 84 million as compared to bitcoin’s 21 million. Still, this is with a higher block reward and faster block time.
- What makes litecoin a good investment? Litecoin is the silver to bitcoin’s gold. It’s one of the original altcoins , and therefore also has a tremendous market cap when compared to other altcoins. Plus, it has utility; it’s faster and cheaper than bitcoin. Its longevity and utility put it towards the top of the best cryptocurrency to buy in 2021.
Despite its competition, litecoin is still one of the most trusted and used cryptocurrencies these days.
#3. Ethereum
Ethereum was the first major project to introduce smart contracts .
Smart contracts allow developers to launch mobile and desktop decentralized applications (dapps) on top of the blockchain.
Thousands of tokens run on the ethereum network, and these tokens were what spurred the initial coin offering (ICO) movement.
Best cryptocurrency to buy: how smart contracts work
- Team: ethereum is founded by vitalik buterin. Although he’s young, he has proved himself to be a dedicated cryptocurrency expert. Joseph lubin is also known as a co-founder of ethereum as well as consensys, which is a software-production studio in NY dedicated to creating decentralized ethereum applications.
- Liquidity: ethereum is also highly liquid, generally ranked #2 or #3 right below bitcoin. You will have no problems buying or selling ethereum.
- Price volatility: ethereum has a loyal community and team, which means the price has a better chance of staying stable and increasing in the long run.
- Crypto economics: there are many more ethers that can exist as opposed to bitcoin and litecoin. But keep in mind that ethereum fuels the dapp ecosystem. This means millions of developers and companies may need ether to fuel their smart contracts and launch their applications.
- What makes ethereum a good investment? Ethereum is the current leader of smart contract platforms and is still one of the hottest cryptocurrencies to buy in 2021 for the innovations it brought to the world and its potential applications worldwide.
Is ethereum a good investment? Check out the full guide on why ethereum is worth buying.
#4. Binance coin (BNB)
Unlike bitcoin and litecoin, which aim to be used as currencies, the binance coin is a utility token .
This means its value comes from how useful it is (and how much demand there is for its utility) within the binance ecosystem.
Best cryptocurrency to buy. Source: binance.Com
- Team: changpen zhao is the CEO of binance. Given the success he and his team are achieving with binance, it’s safe to say they have the skills and resources to make this coin a success.
- Liquidity: binance coin is one of the most liquid cryptocurrencies right now. It is always well-ranked on coinmarketcap, with stable or growing trade volume.
- Price volatility: the price has shown impressive stability (compared to other cryptocurrencies), along with consistent growth. The price was indeed multiplied by x3 in early 2019, during the bear market.
- Crypto economics: 200,000,000 BNB were issued via an ICO at $0.10 per coin. BNB offers trading fee discounts to users holding BNB. In the first year holding BNB, users get 50% discounts, then 25% the second year, 12.5% third, 6.75% fourth, and zero the fifth or later. Binance will also use 20% of its profits each quarter to buy back BNB tokens and burn them until the amount of BNB has reduced to 100,000,000 - by half. Binance is also launching a decentralized exchange, binance DEX, which should further increase the utility of BNB.
- What makes BNB a good investment? As opposed to most utility tokens, binance has found lots of use cases for BNB tokens (and they keep adding new use cases regularly), which should only increase demand for the token -- and thus, its price.
Binance is one of the world’s fastest-growing exchanges. Because binance coin is used to pay for transactions on the exchange and many other purposes, BNB is one of the fastest-growing cryptocurrencies in 2021 in terms of trade volume.
If you’re looking to diversify your cryptocurrency portfolio by adding a utility token issued by a company with a solid business history and an experienced team, think binance coin.
#5. Basic attention token (BAT)
Basic attention token is another utility token most commonly utilized in the brave browser.
The BAT token is used to tip content creators, or virtually anyone that you find helpful on the internet. You can tip content creators monthly, or choose to send one time payments to specific people.
Additionally, users who watch ads can get rewarded in BAT. Using smart contracts, advertisers can lock up BAT, and as their ad is viewed, their funds are released to both the brave browser and the end viewer.
Best cryptocurrency to buy. Source: brave
- Team: the founder is brendan eich. He helped create javascript and is a co-founder of mozilla firefox. With these wild credentials, you can bet he understands the browser business and technology.
- Liquidity: liquidity always fluctuates, but BAT is generally well within the top 40 most traded coins, according to coinmarketcap.
- Price volatility: surprisingly consistent compared to other cryptocurrencies. In 2018 and 2019, the price has remained within the same region while most other coins were collapsing. This may be a good sign of healthy accumulation.
- Crypto economics: A total of 1.5 billion tokens exist, and it is planned to stay this way. If demand grows, then so should the price valuation of the token.
- What makes BAT a good investment? BAT tokens are heavily used within the brave ecosystem. Plus, the brave browser has seen huge adoption growth and great feedback from internet users since 2019. BAT will likely be a hot cryptocurrency in 2021.
#6. Monero (XMR)
Monero is a privacy-focused project. The coin utilizes fancy cryptography and privacy logic to hide the participants' identities.
It is widely used on the dark web for this reason and is the most popular privacy coin today.
Best cryptocurrency to buy. Source: bauer-power.Net
- Team: monero had a somewhat anonymous start by a user on the bitcointalk forum. The team is known to be led by riccardo “fluffypony” spagni, an experienced developer and cryptocurrency expert.
- Liquidity: monero is a highly liquid coin, always sitting at the top of coinmarketcap. No matter how much you wish to buy or sell, the market should be large enough to fit your needs.
- Price volatility: due to monero’s user base and market cap, it’s a bit more stable and less risky than smaller market cap coins - and it has proven so during the bear market of 2018/2019.
- Crypto economics: A maximum of 18.4 million XMR coins will exist in circulation until may 2022. After that, 0.3 XMR will be put in circulation every minute forever. This is a pretty small limit, making the coins very valuable in times of demand. Much of the dark web uses monero for its privacy features, which is continuously pushing demand up.
- What makes XMR a good investment? Whether you feel good about it or not, privacy coins like monero will always have demand due to their use on black markets. Despite its old-fashioned technology, monero’s popularity and liquidity make XMR one of the top privacy-focused cryptocurrency to buy in 2021, and a great way to diversify your portfolio.
#7. NEO
NEO is often known as the china-based ethereum. Founded in china, NEO is another smart contract platform enabling developers to launch dapps on the blockchain.
They are slightly more centralized than ethereum: instead of relying on hundreds of nodes like on ethereum, there are only a few (less than 10) that make up neos decision making.
Best cryptocurrency to buy. Source: cryptocurrencyaus.Com
- Team: the founders are da hongfei and erik zhang, who also lead a company called onchain. They are experienced and trusted.
- Liquidity: NEO is generally sitting in the top 25 at coinmarketcap, making for a highly liquid asset.
- Price volatility: due to the high liquidity to price relationship, you can bet that your investment will be safer and more stable than most other cryptocurrencies out there.
- Crypto economics: 200 million NEO will exist. 100 million NEO were created at the genesis block, 50 million were sold to early investors, and 15 million are unlocked for funding development. This means NEO’s supply is really already distributed to users, and now demand just needs to keep rising.
- What makes NEO a good investment? Smart contract platforms are targeting a vast market. Although ethereum is currently the worldwide leader, china is a huge market, and NEO has significant chances of leading out there. As a result, NEO is one of the best cryptocurrencies to buy if you want to hedge against ethereum.
#8. Beam
Beam is another privacy-focused cryptocurrency making waves in the industry.
Unlike monero, which is a more traditional blockchain project, beam uses a new blockchain protocol called mimblewimble.
Without getting into detail, mimblewimble is known to help significantly with scaling the blockchain and transaction speed, all while maintaining a high level of privacy and anonymity.
Best cryptocurrency to buy. Source: beam.Mw
- Team: alexander zaidelson is the CEO of beam and has vast experience with P2P technology. He co-founded nareos (a P2P file-sharing company) and has served as an advisor to several other startups.
- Liquidity: beam has high liquidity for its relatively low market cap size, but this is good. It means investors are active and speculation is high.
- Price volatility: beam’s price has been fairly consistent compared to most altcoins. But since it’s relatively new, the price can shoot up or down at any time.
- Crypto economics: beam is a pow cryptocurrency, much like bitcoin or litecoin. This means that people are investing in physical mining hardware, creating a foundation price for each coin to be created. Or in other words, a rough wholesale price to produce coins. There is a max supply of 262,800,000 BEAM that can ever exist. The inflation depends on block rewards ; it starts at 80 coins per block, then reduces to 40 coins, and lastly, year 6 will decrease the reward to 25 coins per block. After that, there will be a halving every 4 years until the 129th year. To sum it up, inflation goes down over time. If beam’s demand increases over time, then it can make for a nice possible price increase.
- What makes BEAM a good investment? With mimblewimble technology, beam should be more scalable than other privacy-focused coins. With well-thought crypto-economics, beam may very well be the next hot cryptocurrency to buy in 2021.
#9. NEXO
Nexo has been gaining some attention recently. Nexo as a software is a wallet that allows users to borrow money using their coins as collateral.
On the other hand, users can also easily and instantly lend crypto and gain interest from lending.
Nexo also offers a free credit card for users and has a unique business model.
The NEXO token is one of the first security tokens to be offered (STO) in the industry.
Best cryptocurrency to buy. Source: cryptopotato.Com
- Team: kosta kantchev is one of the leading figureheads behind nexo. He is a co-founder of credissimo, a leading european fintech group focused on retail lending, which is the business powering nexo. He is a fintech veteran and early user of bitcoin.
- Liquidity: nexo has enough liquidity for the average trader to enter or exit positions, but large investors may struggle to load their bags.
- Price volatility: so far, incredibly steady. It also has organic growth, which means that the price isn’t increasing or decreasing drastically.
- Crypto economics: currently, there are less than 560,000,000 NEXO circulating with a max supply of 1,000,000,000. Since NEXO is a security token, it is also SEC-compliant and pays dividends to holders. This is a big deal for many.
- What makes NEXO a good investment? The crypto lending space is growing fast, and nexo is one of the leading brands in the industry. Although the coin is fairly new, it offers a great way for investors to diversify their crypto assets AND earn money from their holdings through dividend payments. Nexo already has a functional product - which most cryptocurrency projects out there don’t. And the founders are very experienced in the credit industry.
#10. Cardano (ADA)
Cardano, which is competing with ethereum and NEO, is touted to be more scalable and easier for developers to use.
It aims to be more scalable by introducing two layers of technology: one responsible for tracking balances of the ledger, and the other for transferring value.
Cardano uses two programming languages called haskell and plutus.
Haskell has been around since the 1980s, and is cardano’s attempt at making it easier for developers to create decentralized applications. Plutus is the functional language built in-house by cardano’s development team.
Best cryptocurrency to buy. Source: topsimages.Com
- Team: charles hoskinson is the co-founder of cardano, and was a co-founder of ethereum as well. He also leads IOHK, a leading research and development facility for blockchain technology. Charles is well equipped to make cardano a successful venture.
- Liquidity: cardano regularly has high trading volumes, so you should have no worries actively trading in this market.
- Price volatility: cardano has had its ups and downs. Overall, it’s more volatile than other major cryptocurrencies out there.
- Crypto economics: cardano has a max supply of 45,000,000,000 and a current supply of
31,000,000,000. It uses a proof-of-stake (pos) consensus algorithm.
#11. ENJIN (ENJ)
Enjin is a fascinating use case for blockchain technology. The company's entire goal is to bring gaming (esports, VR, social, etc.) to blockchain.
This means that gamers can own assets from their games.
Imagine playing games and, when the game is over, you can sell those assets to other players.
You can also buy and collect in-game items from your favorite players and top twitch champions. Wait for them to increase in value or sell them right away. The choice is yours.
Another amazing feature of enjin is their multiverse. The concept is incredible: players will be able to play one game and then transfer their character, assets, winnings, and other items to an entirely different game made by a whole different game developer!
Are you looking for more great cryptocurrencies to buy?
You made it to the end of my list! I hope you enjoyed my top 11 cryptocurrencies to buy for 2021, and that you found the information I provided useful.
If you’re looking for more great cryptocurrencies to invest in, or to find out which coin is going to be the next big cryptocurrency, here is what you can do:
1. Join crypto communities
An excellent community to explore new cryptocurrencies is the bitcointalk forum, specifically the altcoin threads.
You can interact with people deeply involved in this niche, explore opinions, and search for the announcement threads (“ANN”).
This forum is also helpful to discover projects early on, before they become the next big cryptocurrency.
More great communities can be found on facebook -- and one of them is our own facebook group. Feel free to join and ask other members about their favorite cryptocurrencies.
2. Check out trustworthy crypto exchanges
The best crypto exchanges perform a significant number of checks before listing new coins for trading.
You can use these verifications as some kind of quality label to find some of the best cryptocurrencies to invest in which aren’t listed on this page.
Etoro and binance are some of the biggest crypto exchanges and offer dozens of the best cryptocurrencies for trading -- I definitely recommend you check them out.
Remember to stay safe
Buying the best cryptocurrencies is not enough to be a successful crypto investor.
Countless promising investors saw their crypto journey end brutally because they did not pay attention to security.
If you’re serious about investing in cryptocurrencies, put some effort into reinforcing your security.
I hope you enjoyed this article.
Let me know in the comments which coins you invest in, and which top cryptocurrencies you think are missing from my top 11!
More useful resources:
- What can you buy with bitcoin? The ultimate list.
- The 3 best bitcoin poker sites
- The definitive crypto tools checklist
- The 7 best bitcoin casinos
- The ultimate guide on bitcoin loans
Top 5 cryptocurrencies to invest in 2021; bitcoin is the leader
It looks like there will be massive adoption of cryptocurrency in 2021 as the COVID-19 pandemic forces people to turn to digital assets. This nascent industry offers great opportunities for gaining profits.
The year 2020 has been a challenging period for the entire cryptocurrency market and digital currency community. Due to the several discouragements from governments and health organizations against the use of traditional money, new and many institutional investors started storing their wealth in cryptocurrencies including bitcoin (BTC), ethereum (ETH), tether (USDT), and many others, and many other people used digital currencies as a hedgerow against the potential economic threats.
Cryptocurrency investments are getting popular
There is hope that blockchain technology, the underlying tool behind cryptocurrency, will be seen as a transformational tool just like the way we see the internet, electricity, artificial intelligence, machine learning, etc. And very soon it will be massively accepted and adopted by global institutions and governments.
In this year, we have seen a couple of giant financial institutions recognizing and appreciating the unmatched potential of blockchain and digital currency. Some of the companies include fidelity launched a new BTC index fund and it is now being used for high-USD institutional cryptoasset bets on wall street; JP morgan banked in cryptocurrency exchanges like gemini and coinbase; we saw paypal, a payment service provider, rolled out a new service that allows users to trade and hold cryptoassets; other giant payment service providers including visa and mastercard started offering services to different cryptocurrencies firms.
For this reason, cryptocurrency investments will likely grow further. 2021 may appear a good year to gain some profits using cryptocurrency. However, traders and investors should know which coin to choose.
Investors should first consider the following reasons before investing in digital currencies: transparency, minimum investment barrier, liquidity, fees and diversity of asset(s). Coinidol, a world blockchain news outlet, created an overview of five cryptocurrencies that have favourable forecasts for 2021.
Bitcoin
Bitcoin (the original cryptocurrency). Experts like tom lee, fundstrat global advisors, is optimistic that bitcoin will substitute gold and it will be massively used to store the value of their wealth and also as a shield against inflation.
Bitcoin has been existing for over a decade. It has exhibited a strong truth among the public. We have seen many cryptocurrencies that have come and gone, but BTC has never disappointed. On december 20, 2020, BTC hit a new record of about $24,209.66 making a year-to-date increase of over 125%.
Currently, BTC/USD is changing hands at around $23,225 with a market cap of $431.52 billion and volume of $53.3 billion. The price trend of BTC is expected to remain steady even in 2021.
BTC will still dominate the cryptoasset market in 2021 and traders will keep on benefiting from high liquidity. All cryptocurrencies are volatile but at least bitcoin has shown consistency in its growth.
Ethereum
Ethereum (the king of decentralized finance – defi) is a preferred blockchain network for dapps (decentralized applications). Ether has the potential to significantly change the loans, insurance, smart contracts plus savings programs hence setting them free from the monitoring of banks and other regulators;
Ethereum that was created in 2014 is the most influential coin in the industry. This is because ethereum allows users to build their dapps on its blockchain. It is labelled by many as a network focusing on revolutionizing defi.
The popularity of defi products, as well as the ethereum 2.0 network, say volumes to the industry. More dapps will be rolled out on the network and this will strengthen ethereum. If the crypto bubble continues, more investors are more likely to pick interests in ethereum and this will be bullish for ETH coin.
ETH/USD is standing at about $600 with an MC of $65.7 billion and volume of $18.1 billion. In the last 52 weeks, ETH’s high was $673.83 and this mark shows the coin has the potential to rally and surpass its all-time high price of $1432.88 that it hit two years back.
The low price of ETH favours new cryptocurrency investors to buy and invest as much as their pockets can allow.
Chainlink
Currently, LINK/USD is standing at $11.4 with an MC of $4.5 billion and volume of $1.4 billion, according to the data by CMC. LINK went live on may 30, last year.
Among the global top 20 cryptocurrencies by MC, chainlink was the best performer in the US dollar markets throughout last year.
Chainlink is a distributed oracle system created on the ethereum network and the system is built to link off-chain data sources, like bank payments, to on-chain smart contracts.
LINK is a new giant payment ecosystem. The coin wants to transform transborder payments by making transactions transparent, secure, cheap and instant.
Chainlink is among the top lucrative investments in the industry. LINK's as anticipated, can go high to $22.88 before the end of this year and could touch $32.66 by the end of 2021.
LINK has won the trust of many traditional financial institutions including barclays bank. More trust will be garnered in 2021. The company wants to be a leader in providing cheap, transborder financing using LINK, hence leading the coin to definitely be among the best digital currencies to invest in 2021.
Litecoin
Litecoin (LTC - a fast and affordable crypto) – litebringer, a decentralized LTC-powered RPG fantasy game was rolled out and players started making profits in this game and this led to the surge of LTC’s price to exceed 130k.
The usability and speed of litecoin are four times faster than BTC hence making sending and receiving payments quicker. Litecoin network is less resource-intensive.
Litecoin’s price is now at $104, and its market cap is at $6.883 billion and vol is at $11.994 billion, according to CMC data. Its all-time high is still $375.29 (dec 19, 2017).
TRON (the crypto that aims at transforming the cryptocurrency market) - the growing number of dapps will force the massive use and adoption of TRON especially by people from the entertainment sector and content creators – the coin is largely supported by topnotch partners such as samsung, netflix, obike, baidu and baofeng.
Several organizations have started to integrate TRON into their networks, and this has helped the price of TRON to skyrocket.
At press time, TRON is trading at around $0.026186 with an MC of $1.876 billion and volume of $1.1 billion. Its all-time high is $0.300363 (january 5, 2018).
TRON hosts more decentralised applications than ethereum and this puts TRON in a better position for investment in 2021.
The factors that will contribute to the surge in prices of the aforementioned cryptocurrencies in 2021 include the increasing institutional demand for cryptocurrencies, skyrocketing inflation, surging pessimistic perception of contemporary financial policy, roaming economic recession – all these drivers will make venture capitalists and companies seek refuge in cryptocurrencies. Generally, cryptocurrencies will be the perfect solution and best alternative to store their wealth and protect the value of their capital and investments.
Best cryptocurrency to invest in | 2021 detailed guide
The end of 2020 and the beginning of 2021 are simply phenomenal, as bitcoin and its friend ethereum are growing daily and breaking new records. They also lead other cryptocurrencies, and it is this fact that makes users wonder – what coins will continue to grow and where should they invest in order to make a profit in 2021?
In this article, we will briefly describe the behavior and potential of each of the popular coins, so that it would be easier for you to decide in favor of any of them, or to abandon this risky venture.
How to choose the best cryptocurrency to invest in 2021?
In fact, many cryptocurrencies can be invested in if you know what factors to look out for. You read it right – there are a number of indicators that will help you understand whether a particular cryptocurrency is good for investment.
- The popularity of the coin.
You know this rule – the more people invest money in the coin, the higher will be its price. That is why, if the coin you want to invest in is popular, people talk about it, discuss its potential, etc., then you can continue researching it.
- A place to store it.
Some of the wallets offer a lot of cryptocurrencies to store, but not every crypto is supported. Here I mean that you need to find a wallet that will support the best cryptocurrency to invest in, according to your opinion. The list of safe crypto wallets you may find on the safetrading website.
Always check the past charts. If you see the coin had a low price, then suddenly climbed 300% higher, it will not be the best cryptocurrency to invest in now. We advise you to choose coins with adequate charts and high volume.
The best cryptocurrency to invest in 2021
Despite all the factors and rules, there are some cryptocurrencies that are time-tested and show excellent dynamics. And, as you already understood, it is in these coins that traders invest money most often.
The best cryptocurrency to invest in 2021 is:
- Bitcoin (BTC).
- Ethereum (ETH).
- Litecoin (LTC).
- Stellar (XLM)
In this list, bitcoin has always been and will be the best cryptocurrency to invest in now because it has the most potential. This cryptocurrency has been around since 2009. By the way, in 2009 it cost less than a dollar, and at the beginning of 2021, it already exceeded the $25,000 mark.
90% of experts are confident that this is not the end, and that the cryptocurrency will grow higher every year. Some even predict the value of bitcoin at $1 million – will see!
Here I am trying to say that bitcoin is always a good decision, and, to my mind, it is the least risky and the most profitable investment among cryptocurrencies.
Ethereum is the second best cryptocurrency to invest in 2021 and ranks high in the portfolios of many investors. It was launched in 2015 and crossed the $1,000 mark in early 2021.
However, unlike bitcoin, it has not broken its past record. The absolute record for the value of the cryptocurrency, at the same time, was recorded on february 13, 2018, at around $1,432.
Ethereum may lose its altcoin status, becoming an independent cryptocurrency. This is the conclusion drawn by the specialists of the san francisco open exchange (SFOX) in their research. Analysts explained their point of view by the high correlation of ETH and BTC rates. In their opinion, the reaction of the ethereum course to events, similar to bitcoin, speaks of the independence of the project.
All these factors promise us that $1,432 ethereum price is not the first record ethereum will break in the future.
The next big cryptocurrency is litecoin that is one of the “oldest” cryptocurrencies and was released in 2011. This coin is stable, has good volume, and is appreciated among crypto enthusiasts, so is the third best cryptocurrency to invest in 2021. In addition, LTC correlates well with bitcoin. The growth of the latter, which many investors believe in, could open up an opportunity for litecoin to realize a positive direction.
Litecoin is one of the most popular cryptocurrencies for long-term investment. Developer franklin richards noted in january 2020 that more than half of all LTC issued have been inactive in the past 12 months.
This international transfer system is designed to simplify the system for sending and receiving funds. So, using the XLM token, ordinary people and large companies can quickly and without intermediaries conduct financial transactions via the internet.
Stellar now cooperates with major banks and financial institutions – kapilendo, anchorage, tempo, ICO smartlands, and many others.
Stellar (XLM) has been doing pretty well in the cryptocurrency downtrend lately compared to bitcoin. Perhaps the main reason for its stable position was the creation of a number of projects based on the platform.
Now, at the beginning of 2021, this coin costs $0.33 – this is not a record, but far from the lowest value, so it is the fourth best cryptocurrency to invest in now, to our opinion.
The best cryptocurrency to invest in 2021 | conclusions
Cryptocurrency trading and investment become more and more popular with the bitcoin price increasing.
When choosing the best cryptocurrency to invest in now, you should also consider the following factors:
- The behavior of the cryptocurrency course largely depends on the decisions of the project team. Additional initiatives and development prospects can support the value of a digital asset.
- Some coins are subject to pump schemes. In this case, representatives of the project can act as a source of pressure. Before looking for promising cryptocurrencies for investment, it is important to familiarize yourself with the peculiarities of the influence of various factors on the behavior of digital assets.
- A high level of cryptocurrency capitalization is not always a sign of quality. Many popular digital assets have critics.
- The crypto storage has to be developed by an experienced custom software development company like mlsdev or others.
That is why the first step in investment is your own research – you should never invest your money blindly.
The 5 best cryptocurrencies to invest in for 2021
Originally posted january 7, 2021
Updated on january 11 at 2:15 pm
The best cryptocurrencies… the mere thought of such a list is enough to make many of the best investors snicker and then dismiss the topic altogether.
Investing rock star warren buffett has called bitcoin rat poison, a mirage and worthless. He also noted that cryptos are basically worthless because “they don’t produce anything.”
Carl icahn has gone on record describing cryptocurrencies as “ridiculous.” but at least he also noted that he just might be too old to understand them.
Dallas mavericks owner mark cuban has said that he’d rather have bananas than bitcoin… after all, at least you can eat bananas. But you could also trade a single bitcoin for more than 150,000 bananas. So that might not be the sagest advice mr. Shark tank has imparted.
Then there’s jpmorgan chase CEO jamie dimon. He’s referred to digital currency as a “fraud.” he also said that people stupid enough to buy it will pay the price for it in the future. He was close… it turns out bitcoin investors have been paid a price – and a substantial one at that.
Even “the fools” who jumped in on bitcoin during its 2017 highs have seen a return on their investment, though it did take a few years. And those who waited for the 2017 crypto frenzy to die down have been even luckier.
Here’s a straightforward chart from coindesk showing the past year of bitcoin’s value (perceived or otherwise, mr. Buffett).
If the past year has proven anything, it’s that cryptocurrencies have a lot more lasting power than the naysayers thought. So a list of the best cryptocurrencies is most certainly a worthwhile endeavor.
So without further ado, here are…
The best cryptocurrencies to invest in 2021
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Bitcoin cash (BCH)
- Binance coin (BNB)
There are close to different cryptocurrencies out there. And a whole lot of them aren’t worth the space they take up on your hard drive. Take internet darling dogecoin for instance. This alt coin was created in 2013 and just recently cracked into uncharted territory when it was worth (*checks notes*) an entire cent.
But this also helps explain part of the draw of cryptocurrencies. There are plenty of folks out there who threw a couple hundred bucks at it a while back when it was worth a fraction of a cent. In march of 2020, a single dogecoin was worth $0.001774.
Fast forward less than a year and a buy-and-hold strategy (or hodl, if you will) would have brought in gains upward of 460%. That’s a solid return no matter what kind of investment it is. That brings us to the best cryptocurrencies to pick up and “hodl” for the foreseeable future.
Bitcoin (BTC)
Sure, it’s the most obvious one. But that’s for good reason. Afterall, there’s something to be said for the cryptocurrency that started it all. With a market cap of more than $600 billion, it’s without a doubt the strongest cryptocurrency out there.
Its steep price keeps many potential investors on the sideline. But that needn’t be the case. I happened to have just picked up $17 worth of bitcoin in my robinhood account.
Sure, that scored me a quantity of only 0.00046577 bitcoin. But that small holding stills grants me exposure to the most prominent cryptocurrency out there.
Ethereum (ETH)
For every batman, there’s a robin. And while bitcoin rules the crypto roost, ethereum is a potent second fiddle with lots of upside potential. Like bitcoin, ethereum is seen by enthusiasts as an alternative to fiat currency. But its blockchain technology (aka database) is more focused on decentralized applications than digital currency. But that hasn’t slowed this alt coin’s rapid rise in value.
While operating as a software platform, it enables decentralized applications to be built and run without fraud or third-party interference (take that apple and google). The applications run on its platform operate via its own cryptographic token. That makes this crypto sought after by developers looking to improve and run apps within this network.
Ethereum also happens to be one of the few cryptos that can be used on exchanges to buy other cryptocurrencies. While its market cap pales in comparison with bitcoin’s, it has slowly been making headway. And with momentum on its side, ethereum is an easy pick for one of the best cryptocurrencies available.
Litecoin (LTC)
Founded by former google employee charlie lee, this crypto shares a lot of similarities with its big brother, bitcoin. It was developed with the intention of improved transaction times (roughly 2 1/2 minutes) and lower transaction fees. It has a substantially faster block generation rate than bitcoin. And unlike most cryptos, the list of merchants that accept litecoin is growing rapidly.
As litecoin usage becomes more commonplace, it stands to reason that its value will only grow. And that makes this one of the best cryptocurrencies out there… whether you want to hold it and watch it grow or use it as a form of payment.
Bitcoin cash (BCH)
Bitcoin cash will forever hold a special place in the history of cryptocurrency. It is one of the earliest hard forks from bitcoin. And thus far, it’s the most successful one.
Because cryptos are decentralized by nature, when there is debate about possible issues to one’s underlying code, no changes can be made without a consensus. If miners and developers can’t come to an agreement, the digital currency can be split – or forked.
In this case, there was a heated debate about bitcoin’s scalability. Bitcoin remained the same. And bitcoin cash was created with updates to its code. This code change increased the size of blocks from one megabyte to eight. This allowed for much faster transaction times.
Although it still has some catching up to do with some of its competitors, bitcoin cash’s scalability could allow it to accrue value even faster than much of the competition.
Binance coin (BNB)
Binance is the largest cryptocurrency exchange in the world based on volume. And it’s not even close. Binance coin, naturally, is the official token of the binance exchange. It allows users to trade in other cryptos with seamless efficiency. Binance coin can also simplify transaction fees and even pay for goods and services. There is even a binance card available now. This allows folks to pay for things just like they would with their regular credit card. The only difference is that they load up the card with bitcoin or binance coin to pay for groceries or a new crypto hard wallet.
Based on usability alone, binance coin is easily one of the best cryptocurrencies available. And as of right now, it’s also the most affordable.
The not-so-great cryptocurrencies to date
Two of the biggest cryptos out there that didn’t make this list missed it for two big reasons. One is under investigation. The other doesn’t exist yet.
Ripple (XRP) has been one of the most widely known cryptos for years. It’s had ups and downs in value just like the others. But while many cryptos are surging upward, ripple is floundering in a big way. At the end of 2020, ripple took a big hit, and it’s uncertain how long the damage will last. But in all likelihood, it’ll be for a while.
The securities and exchange commission (SEC) filed suit against ripple labs and two of its executives at the end of 2020. The suit alleges that $1.3 billion were raised through an unregistered digital asset security offering. That’s a big no-no. And the price of ripple has dropped dramatically. Will it return to its former heights? That remains to be seen. But for now, investors should steer clear. Or at the very least, they should be extremely wary.
Then there’s diem (formerly known as libra). It may be the most hyped-up crypto ever. Heck, it’s responsible for congress trying to wrap its collective brain around what exactly cryptocurrency is. While it’s no shocker that our politicians are still largely in the dark, the opportunity afforded facebook’s future cryptocurrency lots of time in the spotlight. And when it’s released sometime this year, it wouldn’t be too shocking if name recognition rewards early adopters.
The bottom line on the best cryptocurrencies to invest in this year
There’s a lot of competition out there in the world of cryptos. And volatility is a characteristic of many of them. That’s why this list of the best cryptocurrencies is mostly intended for the buy-and-hold crowd. With maybe the exception of binance coin – simply due to its convenience – ignoring daily and weekly price swings might be in your best interest.
If you’re looking for faster opportunities… and the chance to get in and out of altcoins a little faster and turn a profit, we suggest signing up for the manward digest e-letter. This will give you easy access to a whole new world of investing and the chance to discover fast-moving cryptocurrencies with tons of upside potential.
So, let's see, what we have: cryptocurrencies have prodded the world with the benefits. Everyone is crazy to know and learn about these currencies. At best currency to invest in 2021
Contents of the article
- Actual forex bonuses
- The favorable cryptocurrencies to invest in 2021
- Which cryptocurrency is the best to invest in...
- What cryptocurrency will explode in 2021 – from...
- What cryptocurrencies will explode in 2021?
- 1. Bitcoin (BTC)
- 2. Ethereum (ETH)
- 3. Litecoin (LTC)
- 4. Tezos (XTZ)
- 5. Cardano (ADA)
- 6. Monero (XMR)
- 7. Chainlink (LINK)
- 8. Ripple (XRP)
- 9. Aave (AAVE)
- 10. Basic attention token (BAT)
- 11. Crypto.Com coin (CRO)
- 12. Yearn.Finance (YFI)
- 13. Binance coin (BNB)
- 14. Tron (TRX)
- 15. Filecoin (FIL)
- How to make a profit on cryptocurrencies?
- Best cryptocurrency to invest in – Q&A
- Which is the most profitable cryptocurrency?
- Which crypto has the most potential?
- What is the best penny cryptocurrency to invest...
- Which cryptocurrency will explode in 2021?
- Which cryptocurrency is growing the fastest?
- 5 investment trusts I’d buy for 2021
- Global investment trusts for 2021
- UK investment trusts for 2021
- Our 6 'best buys now' shares
- See all posts by edward sheldon, CFA
- A top growth share from the motley fool
- Most popular tags
- Top share dealing brokers for 2021
- A top small-cap stock from the motley fool UK
- Top profitable best cryptocurrency to invest in...
- Top cryptocurrency to invest in 2021
- Bitcoin best cryptocurrency to invest
- Ethereum best cryptocurrency
- Bitcoin cash
- Ripple best cryptocurrency for invest
- Litecoin top cryptocurrency to invest
- Dash popular cryptocurrency
- Monero
- IOTA
- 11 best cryptocurrencies to buy for 2021
- Diversification is key
- The 11 best cryptocurrencies to buy
- #1. Bitcoin
- #2. Litecoin
- #3. Ethereum
- #4. Binance coin (BNB)
- #5. Basic attention token (BAT)
- #6. Monero (XMR)
- #7. NEO
- #8. Beam
- #9. NEXO
- #10. Cardano (ADA)
- #11. ENJIN (ENJ)
- Are you looking for more great cryptocurrencies...
- Remember to stay safe
- Top 5 cryptocurrencies to invest in 2021; bitcoin...
- Cryptocurrency investments are getting popular
- Bitcoin
- Ethereum
- Chainlink
- Litecoin
- Best cryptocurrency to invest in | 2021 detailed...
- The 5 best cryptocurrencies to invest in for 2021
- The best cryptocurrencies to invest in...
- The not-so-great cryptocurrencies to...
- The bottom line on the best...
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