Best Cryptocurrencies for Investing in 2021
It is always a good idea to invest in Bitcoin . This cryptocurrency is still the first in market capitalization (but not in terms of price anymore). Bitcoin has been the most robust cryptocurrency available since 2009, when it was the first cryptocurrency market. In addition, Bitcoin has proven to be resilient to any significant market collapse. For this reason, the first name in the list of the top ten cryptocurrencies for investing in 2021 and the best cryptocurrency to invest in 2021 for short term is Bitcoin.
In 2020, every economic sphere was affected by the Coronavirus epidemic. After a global quarantine, the price of Bitcoin fell to $ 4,700 in late March. Over the summer, Bitcoin improved in both price and market. In September, the currency reached $ 12,000 and then fell to $ 9,800.
After two months of being trapped in a range, it has been a few weeks since Bitcoin started its crazy growth, and at the time of writing, this article has been attacked at $ 16,200. This cryptocurrency always has high growth potential and is one of the best cryptocurrency to invest in 2021 for long-term. It is almost the most liquid currency in the crypto market and can be cashed anywhere in the world. The power of this cryptocurrency is so high that it seems that it can play the role of gold in the future of financial markets.
The second place of cryptocurrencies for investing in 2021 belongs to Ethereum. Despite the negative performance of other Altcoins at the end of March, Ethereum was strong throughout 2020. In September, the price of Ethereum reached $ 480, the highest price in 2020. The success of Ethereum is quite understandable. The first factor is the growth of decentralized finance or DeFi. ChainLink, Bitcoin Rapid, Maker are all tokens built on the Ethereum platform. The second factor is the launch of Ethereum 2.0. According to the development team, the zero phases of Ethereum 2.0 will be fully operational by the end of 2020. Users are excited about the transition from Ethereum to the Proof of Stock (PoS) algorithm. At the time of writing, approximately ETH 50,000 is locked in the Ethereum 2.0 Sticking Contract.
Ethereum is the best cryptocurrency to invest in 2021 for the short term because it has survived alongside Bitcoin for years. The queen of cryptocurrencies has the most significant amount of capital in the market after Bitcoin. For this reason, you will not have high liquidity and worry about selling and buying this currency. Ethereum is one of the leading networks in the industry with the numerous innovations and features that it has added to the blockchain world.
Binance Coin (BNB)
The third place of cryptocurrencies for investing in 2021 belongs to Binance Coin. Binance Coin is created to pay for or receive a discount at Binance exchange. However, some experts claim that this cryptocurrency can be a good investment tool. At the beginning of the year, the BNB coin showed positive dynamics, but it followed a downward trend in March, like other currencies in the market.
However, immediately after the fall, an uptrend appeared on the chart, which continues today. The uptrend in mid-September changed the March price from $ 10 to $ 30. Because Binance Coin is an exchange asset, the cost of BNB coins will rise as long as Binance flourishes.
The fourth-place of cryptocurrencies for investing in 2021 belongs to Polkadot. Polkadot, abbreviated DOT, is one of Ethereum’s main competitors. The primary purpose of this currency is to solve the problems of the Ethereum blockchain, including network slowness and high fees. Dot seeks to solve blockchain problems, which in itself aims to solve the world’s problems!
Polkadot is also one of those currencies that you will hear a lot about in this article: currencies with scalable blockchains. Polkadot is the third generation of blockchain usage, which shows its users the great use and speed of this network every day.
Dr. Gavin Wood, Peter Czaban, and Robert Habermeier are the three principal founders of Polkadot. The currency officially launched its network in 2020. As soon as the coin was listed on Coinmarketcap, it was priced at $ 4. After a year, the price of this currency has increased ten times, and now the price of this currency is about $ 40. The most exciting thing is that this currency was traded around $ 4 in the last three months.
As we said, the future is one of those scalable blockchains. Currency.com has started to grow, and remember that the commander and leader of all altcoins are Ethereum, and with the upward movement of Ethereum, altcoins begin to grow. In most cases, they appear even higher than Ethereum, and this is why Polkadot is located in the list of best penny cryptocurrency to invest in in 2021.
The fifth-place of cryptocurrencies for investing in 2021 belongs to Litecoin. Litecoin may not be one of the potential cryptocurrencies to invest in. However, we respect this coin because of its position in the world of cryptography. The market capitalization of this coin is approximately $ 4 billion. Although this cryptocurrency did not grow significantly in 2020, it is still very promising, and we should locate Litecoin to the list of best cryptocurrency to invest in 2021 for long-term. Its performance shows more than 8000% growth throughout its existence. Litecoin is on the list of supported currencies in the PayPal payment system. LTC seems to have a future and growth potential.
Despite a new cryptocurrency release 2021, sixth place of cryptocurrencies for investing in 2021 belongs to Cardano. Cardano is known for the long-term development of the blockchain. Blockchain Cardano was launched in 2017. This blockchain is still under development. This may be the only reason to invest in ADA. It is interesting to know that Cardano’s visionary was one of the leading members of Ethereum team. Although its ecosystem is incomplete, a recent milestone called Shelley boosted asset prices after adding a few improved features. One of these features was the much-anticipated sticking. Owners can now create a sticking pool or outsource it.
The price of ADA coins has risen slightly since the beginning of the year. Cardano started the year at $ 0.02 and rose to $ 1.5 by August. Now the price has been adjusted, so getting some ADA coins is very affordable and shall be considered as the best cryptocurrency to invest in 2021 for short term.
The seventh-place of cryptocurrencies for investing in 2021 belongs to Monero. Monero was launched in 2014 with a focus on privacy and decentralization. Monero is a fantastic cryptocurrency, thanks to its security and flexibility. This cryptocurrency, along with Bitcoin and Litecoin, became a real-world payment tool. The most significant advantage of the Monero blockchain is the ability to trade in minutes. Consider that Bitcoin takes about 10-15 minutes.
Although the XMR rate could not repeat the performance of 2018, it still had a very significant move in 2020. Monero prices hit the market in March 2020, dropping to $ 34. However, now the price of this currency is fixed in the range of $ 135.
The eighth place of cryptocurrencies for investing in 2021 belongs to Ripple, and maybe Ripple shows us the next cryptocurrency to explode 2021. Ripple provides fast, cheap, and reliable transactions. XRP cryptocurrency developers are looking for big financial companies more than ordinary users. Thus, Ripple acts as a bridge between traditional banking systems and digital payment technology. In this sense, the coin serves as a native code that determines the transfer rate with any currency in the world.
In 2020, XRP showed stability: in March, the currency did not suffer as much as other coins. Therefore, Ripple cryptocurrency can be a safe investment capital. The value of XRP depends on future partnerships and their success. Recently, however, Ripple launched a commercial credit loan program. The beta version of this service works on the RippleNet network and is available to a limited number of customers and shall be considered the best penny cryptocurrency to invest in 2021.
The ninth place of cryptocurrencies for investing in 2021 belongs to Chainlink . Chainlink network operates in the Ethereum blockchain. Since DeFi peaked, LINK as a new cryptocurrency Release 2021 has dominated the space and. This project seeks to solve the problem of providing information from the outside world to the blockchain. Chainlink has competing links, but the project is well established as a leader in its field.
At the beginning of 2020, this token was worth less than $ 2. In August, the LINK price reached around $ 20 and is now trading about $ 13 and shall be considered as the best cryptocurrency to invest in 2021 for long-term.
The tenth place of cryptocurrencies for investing in 2021 belongs to Tron. We add one of the most controversial cryptocurrencies to the list of the next cryptocurrency to explode 2021. You may think differently about Tron creator Justin Sun, but his cryptocurrency has been at the top of the market capitalization for years.
Since Tron became the owner of BitTorrent, its chances of growing have doubled. A project launches two tokens at the same time. However, Tron is more successful in its performance. Although cryptocurrency did not bring much profit to its holders, it did not reduce prices significantly. In September, the price of this asset tripled from $ 0.01 to $ 0.03.
In this article, we have collected coins and tokens in good condition in terms of project power. We can have a good price-performance and are the best cryptocurrencies for investing in 2021. The future of any of these cryptocurrencies cannot be predicted with certainty. Do your research before entering anything to invest in this market. Never invest more than you can afford in this market.
Finally, we must point out that to properly invest in cryptocurrencies, you must have sufficient knowledge and knowledge about this field. Therefore, we suggest that you also read the article what is block header.