Best Cryptocurrencies To Invest in for 2021

[Naijafans]

1. Bitcoin (BTC)​

Bitcoin has been around for the longest of any cryptocurrency. It’s easy to see why it’s the leader, with a price, market cap and volume that’s much higher than any other investment options. Even with thousands of other cryptocurrencies on the market, Bitcoin still represents 40% of the cryptocurrency market cap.

Many businesses already accept Bitcoin as payment, which makes this cryptocurrency a smart investment. Visa transacts with Bitcoin, and Tesla CEO Elon Musk recently invested $1.5 billion in it. Plus, the larger banks are beginning to incorporate Bitcoin transactions into their offerings, too.

2. Ethereum (ETH)​

Ethereum is different from Bitcoin because it isn’t only a cryptocurrency. It’s also a network that allows developers to create their own cryptocurrency utilizing the Ethereum network. While Ethereum is far behind Bitcoin in value, it’s also far ahead of the other competitors.

Even though it came out years after some other cryptocurrencies, it has far exceeded its place in the market because of its unique technology.

3. Binance Coin​

Binance is one of the few cryptocurrencies to reach its peak after 2017. During that year, there was a bull market and the price of all cryptocurrencies rose on it, reaching a peak before plateauing and decreasing in value.

Unlike other cryptocurrencies, Binance Coin continued a slow but consistent trend upward after 2017. Because of its performance, Binance Coin has proven to be one of the more stable investment options, posing fewer risks.

4. Tether (USDT) ​

Tether is the most stable of all cryptocurrencies because it is tied to the U.S. dollar. For each unit of Tether, there is one dollar in the Federal Reserve Bank. This makes Tether great for investors who want to transact with their cryptocurrency .

5. Cardano​

The Cardano network has a smaller footprint, which is appealing to investors for several reasons. It takes less energy to complete a transaction with Cardano than with a larger network like Bitcoin. This means transactions are faster and cheaper.

It claims to be more adaptable and more secure. Cardano consistently improves its development to stay ahead of hackers.

6. Polkadot (DOT)​

Polkadot was created by Ethereum leaders who broke away to form their own cryptocurrency with a better network. Instead of having a single “lane” to complete transactions in, Polkadot has several.

This cryptocurrency was designed to reward genuine investors and weed out people who are just trading on the stock market to make money fast. Investors who are engaged in the company also help to make decisions on things like:

• Network fees
• Network upgrades
• Establishing or removing parachains

7. Ripple (XRP)​

Ripple is the company that unveiled the XRP token and is enticing to investors because it sets itself apart from other cryptocurrencies by offering international transactions. With a bank, international money transfers can take up to 10 business days. With Ripple, the same transactions take mere seconds.

Plus, Ripple has contracts with big banks around the world. The more contracts it has, the more accessible the Ripple cryptocurrency is to adopters.

8. Litecoin​

Originally established in 2011, Litecoin hit the market at the same time as Bitcoin. However, it didn’t take off in the same way. Litecoin boasts completing transactions four times faster than Bitcoin.

In 2017, it was the first cryptocurrency to complete a Lightning Network transaction. The transfer was completed in less than one second. If the company expands its use of Lightning Network for faster transactions, Litecoin’s value could increase dramatically.

9. Chainlink​

Chainlink is unique as a cryptocurrency because it has an appealing price. While the shares are affordable to buy, they’re also priced high enough to not be considered penny stocks. This is appealing to investors because it has proven it can increase in value, and there is still a lot of room for growth.

It’s also available for trading on Coinbase, one of the world’s largest cryptocurrency apps. Being more accessible also makes Chainlink appealing to investors.

10. Stellar (XLM)​

Stellar’s Lumens, also known as XLM, was established to serve a niche need within the world of cryptocurrency. It’s essentially the PayPal of cryptocurrency networks, serving as a bridge between banks and blockchain networks.

As a decentralized network, Stellar can convert any currency and trade it across channels. It makes these transactions cheaper and faster than they would be with a traditional bank.

10 Best Cryptocurrencies To Invest in for 2021

Cryptocurrency could be a smart investment to add to your portfolio. With thousands of options to choose from, which cryptocurrency is the best investment for you?

finance.yahoo.com