Best Cryptocurrencies In 2021
When it comes to deciding what crypto to invest in, the choice can be somewhat overwhelming as there are thousands of cryptocurrencies available on the marketplace. It’s difficult and time-consuming to do your research and sort the worthy ones from the “unfruitful” ones. Ultimately, there is no single cryptocurrency we can point out as the best of the best. There are simply too many to choose from and the list keeps growing. Many cryptocurrencies offer quite attractive investment opportunities, depending on what you’re looking for and what your investment goals are. One other thing to consider is the level of experience you have. For instance, some cryptocurrencies might be a good investment for beginners, while others are suitable for more advanced crypto traders.
Many traders have witnessed their crypto journey come to an end because they didn’t pay enough attention to security. If you are truly serious about investing in cryptocurrencies, you have to put effort into protecting your investment by reinforcing your security. Many of the mistakes cryptocurrency investors make are related to security. For example, forgetting to enable 2FA (two-factor authentication), leaving your coins in an exchange, not owning a hardware wallet, or simply falling victim to scams.
what are altcoins?
The word ‘altcoin’ was made by combining the words ‘alternative’ and ‘coin’. Altcoins are very simple to explain. They are any cryptocurrency that is not Bitcoin. So, basically, all cryptocurrencies, except Bitcoin are altcoins. Today, there are now thousands upon thousands of altcoins. There are even altcoin traders who solely trade these coins. Generally speaking, altcoins are seen as riskier than trading Bitcoin, but not all altcoins are the same.
you should have a solid understanding of the top cryptocurrencies in 2021, how to invest in them and why they should be your top considerations when getting started, and some of the best cryptos to get you started on your journey. cryptocurrencies come and go. Not all cryptos can stand the test of time, though there are definitely some in 2021 that you will be familiar with.
Top Cryptocurrencies will Explode in 2021
Bitcoin (BTC) – $100,000 by the end of 2021?
Bitcoin is the most used cryptocurrency to date, often referred to as “The King of Cryptocurrencies”. The main goal of Bitcoin is to become global, peer-to-peer, digital cash, which is detached from any form of Regulation and thus fully decentralized. An idea almost all other cryptocurrencies tried to replicate. Bitcoin was also the first cryptocurrency and there are still many that believe it will be the last one standing in the end. Other than that, the reason why you should keep Bitcoin on your investment radar is that it has the highest liquidity in the crypto space, which also makes it the best cryptocurrency to buy if you are a beginner.
There will always be someone on the other end ready to match your order. Not just that but Bitcoin is also known to be one of the most stable cryptocurrencies, despite its volatility. Bitcoin’s influence, demand, and mass adoption are expected to go up in the years to come. Tesla invested $1.5B in Bitcoin and may start accepting the cryptocurrency as payment in the future. As the news broke, the price of Bitcoin instantly rose by around 14% to more than $44,000 per coin. But it didn’t stop there! In February 2021, Bitcoin surpassed $50,000 for the first time as major companies jumped into crypto and managed to reach $58,000.
If you want to avoid risks, stay away from coins with smaller market caps and communities and go with cryptocurrencies like Litecoin. Why do we think Litecoin will explode this year and in the years to come? Well, there’s a limited supply of 84 million coins (in comparison to Bitcoin’s 21 million) and a block reward of 12.5 LTC, which is a very high block reward compared to other cryptos! In 2021, Litecoin is still considered one of the best cryptocurrencies, despite the strong competition. While it may not technically be the best, it still offers excellent investment opportunities.
Ethereum (ETH) – Reaching out to $4777 by the end of 2021?
Ethereum is one of the best cryptocurrencies to invest in and was the first major project to introduce smart contracts. allowing developers to launch desktop and mobile decentralized applications (dApps) on the back of blockchain technology. Since then, Ethereum has remained one of the top ten cryptocurrencies up until 2021 and it will probably stay that way for decades to come. Not just that but Ethereum is also the second most liquid cryptocurrency, ranking right below Bitcoin. This means that you will have no issues with buying or selling Ethereum. Just like Bitcoin, there is always someone waiting on the other side of your trade to buy or sell Ethereum. One more reason to believe that Ethereum will remain a strong investment in the years to come is that it has a loyal team and community. This gives Ethereum a better chance of staying stable and only increasing in value in the long run, well after 2021.
The Ether token fuels the dApp ecosystem, meaning that millions of developers and companies will need it to support their smart contracts and launch applications. 60% of respondents believe Ethereum, the second-largest cryptocurrency by market cap after Bitcoin.
Basic Attention Token (BAT)
Cardano (ADA) – A whopping $10 by the end of the year?
The key thing that stands out about Cardano is its Ouroboros blockchain, which is really two blockchains that work in tandem with each other. One blockchain deals with general, ordinary transactions, while the other handles smart contracts. The idea is that by separating the two, Cardano can ensure scalability and speed as the two types of transactions will not slow each other down. In February 2021, Cardano got close to reaching a $30.7 billion market cap and a single coin was $1.07
Binance Coin (BNB) – The bulls say we might hit $507 by the end of 2021!
The company behind the coin, Binance, has a solid business history and an experienced team behind its main concept, which is to be a ‘utility token’.
The value of Binance Coin comes from how useful it is, along with the level of demand for its utility, which is to provide a discount to traders who use it to buy other cryptocurrencies on the Binance Exchange. The success of the Binance exchange is proof to a lot of investors that they have the skills and resources to make this coin a success. Binance Coin is also one of the most liquid cryptocurrencies right now, ranked within the top 10 on CoinMarketCap. Its volume shows consistent growth as well. Despite volatility, the price of Binance Coin multiplied three times in the previous year. Any transactions on the exchange are done using Binance Coin, making BNB one of the fastest-growing cryptocurrencies this year, in terms of the trading volume.
The reason why we’re keen to add TRON to the list is that a couple of years ago it acquired BitTorrent. In the long term, this could mean big things for the company and their value if they manage to develop more secure and decentralized torrenting methods. Some expect innovations such as distributing file parts across a network and recombining them for users to download. TRON also has over 4 million accounts as of 2021 (though it is not clear how many are active). The growth is quite impressive and shows how much potential TRON has; not many other cryptocurrencies can claim to have so many users. Throughout 2020, TRX ranked 15th on the list of the largest cryptocurrencies by market capitalization, according to CoinMarketCap.
A lot of people who have addressed the shortcomings of the Ethereum network are already shifting their investments to EOS or as some call it ‘The Ethereum Killer. EOS has already overcome some of Ethereum’s barriers such as the requirement to know how to code in Solidity to develop dApps and is well-known for providing services to developers, including account management services and creating databases that do not require programming knowledge. Another reason why EOS might attract your attention this year is the huge and very enthusiastic community. On top of that, EOS completed a very successful token sale and has acquired more than the capital it needs to develop to its full potential in 2021 and the years to come.
Whether you are just about to enter the world of cryptocurrencies or want to diversify your existing portfolio with some of the top cryptocurrencies in 2021, many cryptocurrency experts think that investing in any of these cryptocurrencies has the potential to turn into a great success story. When it comes to unknown cryptocurrencies, by which we mean cryptocurrencies that are very new and little is known about them, a high degree of caution should be exercised.
VIJAY MANGUKIYA, Author