If you are interested in investing in cryptocurrencies and you are looking for the best cryptocurrencies to invest in 2021, then you are in the right place. In this guide, I will be listing some amazing cryptocurrencies you should have in your cryptocurrencies portfolio.
Before we continue, a disclaimer this article should not be construed as a piece of financial advice, I recommend you do your detailed research and talk to your financial advisor. All information contained in this article is for research purposes.
Cryptocurrencies are gaining more ground by the day and disrupting the traditional financial system day by day, no surprise more people are joining the financial revolution each day by day.
According to coinmarket, the cryptocurrency market cap is over 2 trillion with a 4.40% increase over the last day. One of the major factors that determine how much profit you make from cryptocurrency investment is timing. Cryptocurrencies are very volatile hence the prices fluctuate.
All cryptocurrencies are affected by volatility and drop down in value during a bear market. Therefore, invest an amount you can bear the loss for. It is also pertinent you do some technical analysis before investing in any cryptocurrency.
However, they are several cryptocurrencies that are the best you should invest in 2021 take a look below.
- BITCOIN (BTC)
Among over 11,000 cryptocurrencies listed on coinmarket and counting, bitcoin is standing tall with a market dominance of 43.8% and a 3.74% increase over the previous day, bitcoin is one of the best cryptocurrencies to invest in 2021. Bitcoin is the oldest known cryptocurrency and a favorite among both old and new investors. Bitcoin’s cutting edge advantage is the mass adoption it has rallied for itself over the years both cooperate institutions and most countries like the republic of Salvador are keenly embracing bitcoin.
Why Invest In Bitcoin in 2021?
A. Steady Value
Bitcoin has come under serious attack and criticism from the likes of Elon Musk and a clampdown of bitcoin miners in China, these actions led to a decrease in value which led to the 2021 bear Market. But the story has changed as bitcoin has been relatively steady in price and is currently gathering support to break the $50,000 price range.
B. Unprecedented Returns
Bitcoin could hit a $100,000 market price before the end of 2021 if it continues this current upward movement, making its returns in profit unrivaled. I think bitcoin should be a long-term investment.
C. Long term potential
Bitcoin is now accepted as a legal tender and is accepted as a means of payment in most countries. This means bitcoin is going to remain relevant in the years to come.
D. Excellent Store of value
With a limited supply of 21 million coins available, bitcoin’s supply is limited and after the 21 million bitcoin has been mined, demand will set automatically causing the price to surge like gold.
Ensure to add bitcoin to the list of cryptocurrencies you should invest in 2021
Ethereum is another game-changer in the cryptocurrencies industry being the second cryptocurrency in market cap with a market cap of
$382 billion and 17% market dominance after bitcoin. Ethereum is a second-generation cryptocurrency and is the heartbeat of the crypto industry. Some of the world’s biggest blockchain innovations are built on the Ethereum blockchain, innovations like the Decentralized Finance or DEFIs Dapps and now NFTs.
If you want to get started on NFT, we have written the best guides on how to start your journey click here.
The use case of Ethereum seem endless they are constantly evolving to meet some of the biggest need in the cryptocurrency market. Ethereum is another cryptocurrency you should invest in in 2021.
Why Invest in Ethereum in 2021
A. Constant improvement and updates
Ethereum blockchain is always updating to solve challenges, with the London upgrade that led to the introduction of ERC 721 token the standard token for NFT, and the Ethereum 2.0 set to roll out later this year or early next year, and it claims to use 99.95% less energy than the current technology.
B. Use case
For any cryptocurrency to endure, it needs to have some kind of true utility. At the present moment, Bitcoin is the most famous and most generally acknowledged cryptocurrency. Notwithstanding, the Ethereum blockchain is utilized for an assortment of purposes, which gives it a benefit.
Ethereum isn’t just hosting to the Ether token, but on the other hand, it’s the establishment for different applications like non-fungible tokens (NFTs) and decentralized money. NFTs could change the way computerized things are purchased and sold, and the decentralized money development expects to reform the financial business.
Likewise, Ethereum 2.0 designs to make the blockchain quicker and more versatile so it tends to be utilized for considerably more applications. That could give Ethereum significantly more prominent utility and a greater amount of benefit.
Ethereum’s far and wide utility could profit Ether too. In case Ether is needed for applications on the Ethereum blockchain, Ethereum’s prosperity could give Ether an upper hand over Bitcoin and other cryptographic forms of money.
Cardano (ADA) is a third-generation public blockchain and Dapp development platform. The platform earned international media attention as the first blockchain to incorporate a peer-reviewed research strategy into its core principles.
Like Ethereum, Cardano is a decentralized blockchain with a native token ADA, to empower securely shared exchanges. It was established in 2015 by Ethereum co-founder Charles Hoskinson, who left to establish the decentralized platform Cardano, which is intended to utilize a small amount of the energy over Bitcoin and Ethereum. One way Cardano does this is by utilizing a “proof-of-stake” protocol that doesn’t boost high energy use and is an inexorably well-known way for blockchain to approve exchanges for security reasons. Cardano, which at $43 billion is the fifth-most significant cryptocurrency, is changing toward empowering smart contracts that ought to be completely functional by fall 2021.
WHY INVEST IN CARDANO IN 2021
Cardano blockchain runs of the biggest staking in the cryptocurrency with a 4.5% APY (annual percentage yield). Cardano staking has become a big way to make passive income from holding ADA tokens. Today, approximately 608,391 ADA wallets are staking Cardano, according to Finbold.
B. Strong Development Team
Cardano has one of the best development teams that understand blockchain and cryptocurrency, they believe in getting it right the first time and are committed to seeing it work. The development has some hefty development goals.
Cardano is currently $2.84 which makes it better to hold more. The reason why Cardano is so cheap is that there’s enough demand for it yet and it’s not scarce but development is coming to the blockchain that will see it soar in price.
Cardano recently launched an NFT marketplace Cnft.io that sold $1million of digital art in less than a week. That’s a good sign of adoption.
BINANCE COIN (BNB)
One of Binance Coin’s main benefits is that, like Bitcoin, it has a total supply on the number of tokens available for use. The cutoff is 200 million, and it’s a central explanation BNB has taken off to become the fourth-most important digital money on the planet. The native token of the mainstream Binance trade, the coin is up over 700% in 2021 alone. It has an unexpected model in comparison to a large number of the other cryptographic forms of money on the lookout, annihilating, or “consuming,” quite a bit of its cash on a quarterly premise, utilizing one-fifth of its benefits to doing as such. With a market capitalization of more than $50 billion, Binance Coin is at this point, not the instrument of an unadulterated theory that it used to be, and as long as the uncontrollably mainstream Binance stage keeps on developing, the BNB crypto has a bullish standpoint.
WHY INVEST IN BINANCE COIN IN 2021
BNB uses five cryptographic algorithms to prevent malicious centralization of mining and power fluctuation of hash.
B. Transaction Speed
BNB block is made every 3 seconds, which is 185 times faster when compared with Bitcoin and 4X faster than Ethereum.
BNB offers a seamless and error-free experience on the Binance ecosystem and offers various discounts to users, currently, almost all Binance users worldwide are holding BNB.
Kindly drop your favorite coins and why you think its the best coin to invest in 2021
How to Buy Bitcoin With Debit Card: The Ultimate Guide
There are many ways to buy bitcoins, but they can be confusing and intimidating for people new to the market. Have you been trying to find out how you can buy bitcoin with a debit card?
There are many options for buying bitcoin, but you don’t want to waste your time on the wrong option. This article will give you all the information you need in order to make a sound decision when purchasing bitcoin with a debit card or credit card.
Can I use my debit card to buy Bitcoin?
Yes, you can use your debit card to buy Bitcoin. There are a few things you should know first. You cannot use your debit card on Exchangers like Coinbase alone, because it is not regulated by the government. You also have to verify your identity with them, which means you will have to show a government-issued ID and provide some proof of your address. Finally, they take an additional 2.5% fee.
There are a few ways to buy Bitcoin with a debit card. You can use a registered prepaid card, which is linked to your bank account and allows you to purchase Bitcoin without a credit check. Another way is through an exchange, which will allow you to buy Bitcoin with your debit card. Finally, there are peer-to-peer exchanges where you can buy and sell Bitcoin directly with other users.
Is It Safe to Buy Bitcoins with a Debit Card?
Yes, it is safe to buy bitcoins with a debit card. In fact, this is one of the easiest and most popular ways to purchase Bitcoin. You can always buy Bitcoin with debit card instantly. However, keep in mind that prices can change at any time; so if you see an opportunity to buy Bitcoin that you like, don’t wait too long because it may be gone tomorrow. Plus, with your credit card, you can buy Bitcoin instantly and seizing the best moment.
Bitcoin trading is very different from traditional markets such as stocks and bonds. Bitcoin has a high level of volatility that makes it risky to use debit cards to buy bitcoins. You should only use your debit card to buy bitcoins if you fully understand the risks involved.
When you’re ready to buy Bitcoin with debit card, keep in mind that you’ll have to go through a verification process first. It’s important to note that some credit card companies might not be supported yet – but Apple Pay is! So, if you want to buy Bitcoin with debit card even faster, just select Apple Pay on the cards list. And finally, don’t worry about your safety when buying Bitcoin online. Industry-leading safety standards will double-check your identity before you finalize the purchase.
Where Can I Buy Bitcoins with a Debit Card?
Bitcoin can also be bought with debit cards instantly! This makes it a very convenient option for buying bitcoins. There are a number of exchanges that allow you to buy bitcoins with debit cards.
eToro is a platform where you can buy, sell, and trade cryptocurrencies using your debit card. If you’re just into cryptocurrency for price speculation, then eToro is the cheapest and easiest way to buy Bitcoins. You’ll go through several steps when withdrawing Bitcoins from eToro and you may not want to hold them in your wallet because they could easily be stolen.
CEX.io is a platform where you can buy bitcoin with a debit card. They are a very reputable company and it is safe to use them. It is one of the safest crypto exchangers as it has implemented multiple layers of security measures, including 2-factor authentication and a PGP key for email communication. Moreover, CEX.io allows users to buy bitcoins with a credit card, making it one of the most popular exchanges in the world.
Coinbase is a Bitcoin broker that allows you to buy Bitcoins with your debit card. The fees are 4.9%-5.9%, and the limits are high, at $5,000 daily and $20,000 monthly. Coinbase is one of the most popular and well-known brokers and works in almost all countries. It has high limits for buying bitcoins with a credit card and is very reliable and trusted.
Coinmama is a cryptocurrency broker that specializes in buying and selling Bitcoins. The company has been in business since 2013 and offers a wide variety of cryptocurrencies to its users. In recent months, the company has made strides to improve its customer support system, which has resulted in one of the fastest turnaround times for buying Bitcoins using debit and credit cards in the industry.
Bitpanda is a cryptocurrency broker that allows you to buy Bitcoins and other digital currencies with various payment methods. These include credit cards, Neteller, Skrill, SEPA transfers and more. There are also monthly limits for credit card purchases (€300,000) and all other payment methods (€10,000).
Bitstamp is a Bitcoin exchange site that allows you to buy Bitcoins with 3D Secure. This means that in order to use Bitstamp, you must have a card that supports 3D Secure. Some banks may consider your credit or debit card deposit as cash advance and charge extra fees to the user. Bitstamp as a bitcoin exchange platform is mainly open to the US, EU and Asia. The company has been operational since 2011 and supports around 80 countries. Bitstamp was previously called Bitfinex, but rebranded in 2016.
How to Buy Bitcoin with Credit Card or Debit Card
1. Choose a broker or Exchanger
1. When purchasing Bitcoin, you have two primary options: buy it through a crypto exchange or through an online broker.
2. Buying Bitcoin through a crypto exchange is less safe than buying it through an online broker. For one, exchanges can be hacked, and your funds can be stolen. Additionally, exchanges charge fees for their services, while brokers do not.
3. A brokerage account allows you to place buy orders on your behalf and have your broker fill them – usually for the expense of commission fees paid to the brokerage firm.
4. Some brokers allow you to use your debit card in order to purchase Bitcoin; however, this is not the norm yet.
2. Create an online account with your Exchanger
In order to buy and sell cryptocurrency, you will need to set up an account with a crypto broker. This process is very similar to setting up a typical brokerage account- you will need to provide your personal information, including your driver’s license and social security number. Once your account is open, you will be able to track your investments, manage your finances, and prepare your taxes.
Once you have registered on the exchange, it will ask for your identification. This is a standard security measure to ensure that no one else can use your account. After verifying your identity, the exchange will give you a list of payment options. You can connect a debit or credit card to purchase cryptocurrency in most exchanges; it is not a good idea if you are buying on credit though because price volatility could inflate the overall cost of purchasing a coin. Some banks may question deposits to crypto exchanges, but this should not be an issue as long as you are depositing funds that you own.
3. Verify your Identity
Verifying your identity is another step in getting your bitcoin. You will need to upload a photo of yourself holding up a government-issued ID and also take an image of yourself with the code from the photo.
4. Select Payment Method and Enter card Info
When you reach the payment page, select your preferred currency and enter your card information.
5. Get a Wallet!
The next thing you’ll need to do is find yourself a Bitcoin wallet. This is where all of your transactions will take place, so it’s important to have a place that allows you to access your public and private keys. You may want to use an online wallet like Blockchain.info, or a hardware device like the Ledger
6. Enter your Bitcoin Wallet Address
You will need to enter the bitcoin wallet address you would like to send funds to. Your wallet needs a way of identifying itself on the peer-to-peer network, and this is done by entering the wallet’s public address. If you don’t already have a bitcoin wallet, please check out our article on Setting up your first Bitcoin wallet
7. Select Amount of Bitcoins to Buy
Select the amount of BTC you want to buy and click “Buy Now” or hit enter on your keyboard. You will be shown a confirmation screen.
How do I buy Bitcoins with no fees?
There are a few ways to buy Bitcoin- you can use a credit card, debit card, or bank transfer. Fees for buying Bitcoin vary depending on the payment method and the exchange. The cheapest way to buy Bitcoin is usually through Coinbase.
Do banks work with Bitcoin?
There is no one-size-fits-all answer to this question, as the decision of whether or not to work with Bitcoin depends on the individual bank. However, many banks are starting to explore the possibility of working with Bitcoin and other cryptocurrencies, and some have even created teams specifically for this purpose.
What is the safest website to buy Bitcoin?
When it comes to buying Bitcoin, there are a variety of ways to do so. Some people opt for purchasing Bitcoin through a cryptocurrency exchange, while others use peer-to-peer services or even buy them with a debit card. When it comes to safety, however, there is no one definitive answer – it depends on the individual service and how you choose to use it.
CEX.IO is a unique and simple solution for Bitcoin purchases that offers competitive fees and easy navigation. The website combines what one needs: attractive prices, competitive fees, and easy navigation. CEX.IO makes it possible for users to buy Bitcoins with a credit card or bank transfer, making the process quick and straightforward.
What Debit cards work with Bitcoin?
When it comes to spending your Bitcoin, there are a few different ways you can do it. You can use a Bitcoin debit card, which will allow you to spend your Bitcoin at any merchant that accepts traditional debit cards. The two most popular Bitcoin debit cards are the Binance and Coinbase debit cards. However, not all exchanges accept debit cards yet because they are worried about fraud. A few exchanges have started implementing services to detect and prevent fraud, but most still don’t accept them.
Bitcoin Taproot Upgrade: All you need to know
The Taproot upgrade batches multiple signatures and transactions together, making it easier and faster to verify transactions on Bitcoin’s network. It also scrambles transactions with single and multiple signatures together and makes it more difficult to identify transaction inputs on Bitcoin’s blockchain
Bitcoin has continued to dominate the cryptocurrency market despite the emergence of new Cryptocurrencies. It points to the fact that this particular crypto asset remains the head of all digital assets as we can see from its market Capitalization. If you know about the Bitcoin crypto asset, you might want to know about Bitcoin taproot and Bitcoin taproot upgrade.
This article provides deep knowledge and insight on all you will need to know about this topic as well as how it will affect the future of the digital asset for the better.
What Is Bitcoin Taproot?
You should know that technology keeps on advancing daily. As digital assets such as Solana and Cardano keeps rolling out mind-blowing features, Bitcoin and its community is not lagging in matching up the competition.
There have been several upgrades on the Bitcoin network, one has happened in 2013 and the latest in July 2017. The Taproot upgrade is the next upgrade that seems to provide a near-perfect network for swift and easy transactions. The idea behind this upgrade is to improve transactions, efficiency, privacy as well as other new features.
There seems to be a significant issue as regards this upgrade. In 2017, divisions were resulting from the upgrade which took place. The reverse seems to be the case as the taproot upgrade is backed by full community support as seen in June 2021.
Bitcoin taproot is the key to raising the number of transactions on the Blockchain. This is great because, before this development, confirmation of transactions was far less efficient resulting from the fact that every digital signature was matched to a public key. With the taproot development, there is increased efficiency as regards the time required for numerous transactions, signatures, and inputs to get completed.
Bitcoin taproot upgrade merges multiple and single signatures, transactions into one confirmation or verification process. What this means is that:
- It becomes hard to differentiate between multi-signature and single-signature transactions. This is very significant for privacy as it also becomes difficult to distinguish between users from completed transactions on a public blockchain.
Note: Blockchain is a digital database that stores information in digital formats.
- They play an important role on crypto platforms as it establishes a safe and decentralized record of transactions. The taproot is to enhance the network activities generally. This means that a lot of transactions and signatures are merged, making it less difficult to confirm transactions on Bitcoin’s network.
The 3 BIP’s of Bitcoin Taproot
There are three (3) BIP’s (Bitcoin Improvement Proposals) for the upgrade. They are readily divided into Schnorr Signatures, Taproot, and Tapescript.
All the 3 put together, to sum up, the Taproot upgrade that is soon to take place.
Below are the explanations of each of these BIP’s
Here are the benefits of schnorr signature in terms of benefits, efficiency, privacy, and storage.
Firstly is key and signature aggregation. Digital signatures possess one public key, a message that would be signed, and a signature proving that the owner of such public key has received the message. Where there are multiple parties involved, there is a need for multiple public keys and signatures. For computational and storage reasons, it is less efficient as each node has to carry out signature verification multiple times and store multiple sets of signatures and keys.
Key aggregation removes the need for lots of public keys and signatures. Schorr public keys and signatures can be aggregated in such a way that allows three users to sign a transaction by combining their signature to form a single one that becomes valid for a public key.
This has an impact on privacy as multiple parties can aggregate signatures and keys. This means that all schnorr spends would resemble each other, making it difficult for the chain to distinguish between multi-signature and single signature spends. This advantage of privacy and every other incentive is reserved for those who rely on schnorr. It’s not a bad idea to switch to such a system.
Another benefit is batch verification. Once nodes receive new blocks, it verifies every signature and transaction in the block one by one. This is a less efficient and time-consuming process.
With the key aggregation that schnorr allows, Bitcoin nodes would be able to verify or confirm signatures in batches. This is far less time-consuming for people and is highly efficient.
Tap-root establishes a process Bitcoin protocol integrates schnorr signatures. Taproot merges Merkelized Alternative Script Trees (MAST) which enables users to lock outputs to multiple scripts.
Note: MAST is simply a proposal that holds several different scripts in Bitcoin addresses. This system expands the utility of Bitcoin contracts in a cheap and privacy-protecting process.
Another aspect of the tap-root is the Pay -To-Taproot which allows users to pay to a schnorr public key or the Merkle root. By this, a user can use this new script type to create UTXO which can be opened and spent by the owner of the private key.
Note: UTXO means Unspent Transaction Output. It refers to the sum of digital currency a user has left remaining after processing a cryptocurrency transaction.
In a bid to execute P2TR transactions, this BIP also updates and adds OPcodes (opcodes). These new scripts verify Tap-root spends and schnorr signatures. They are known as Tapescript. Tapescript was created to improve the future flexibility of P2TR spending to make sure upgrades are permitted in the future.
Benefits Bitcoin Taproot Upgrade
- The Bitcoin Tap-root Upgrade can establish better privacy and efficiency. It has also created huge potentials for smart contracts.
- Taproot also includes Schnorr signatures which we talked about before. A Schnorr signature makes multi-signature transaction transactions unreadable. Since a schnorr signature makes transactions resemble each other, Bitcoin transactions would be indistinguishable from each other as multi-signature transactions are fused to appear like single-signature transactions. By this means, users get better privacy because each transaction is made so as not to appear different, hence these transactions are less visible.
- This upgrade also has an impact on smart contracts. Smart contracts are agreements that exist on the Blockchain. Smart contracts are used for different types of transactions. Tap-root is capable of making smart contracts cheaper and smaller on the space they take up on the Blockchain.
Bitcoin is readily becoming a giant player in decentralized finance. Decentralized finance tries to cur-out Middlemen. What this means is that smart contracts are about to become prominent on the Bitcoin blockchain, as more smart contracts are being built on Bitcoin blockchain by programmers. Hence users can exploit the benefits of smart contracts that were not accessible before on the Bitcoin platform.
These are the benefits of the Bitcoin taproot upgrade you wouldn’t love to miss.
How Will the Taproot Upgrade Affect Bitcoin’s Future
As it stands right now, Bitcoin as a cryptocurrency network has enjoyed a lot of revenues in terms of mining and trading. However, with this upgrade, Bitcoin would also prove itself as efficient at processing transactions of different volumes.
The upgrade will make the network a more effective network for transactions. It will also affect Bitcoin’s worth as such an upgrade is sure to pull traction while handling multiple transactions all at once. Also, with the new upgrade, transactions speed is accelerated and the process shortened.
This upgrade should cause Bitcoin to maintain relevance in the crypto market generally as a more efficient network for all transactions.
With a secured swift and private network, there is room for rapid transactions, new investors, and greater traction. This should benefit all investors who are patient for these goals to materialize. Also, this improvement will surely generate great revenue for the crypto market.
Bitcoin is rapidly changing and establishing itself as a robust crypto network, especially with the creation of the bitcoin taproot upgrade. These improvements make cryptocurrency safe and secure as well as a profitable venture where you will need to care less about your security and privacy.
Top 10 CryptoCurrencies you must Hodl In 2022
The year is rounding up and a lot happened in the crypto market, we strongly believe that in 2022, the crypto market is going to experience exponential growth. If you want to make huge profits in 2022, you must be willing to expand your crypto portfolio and hodl some or all of the cryptocurrencies in this article.
These top 10 crypto-currencies to hodl in 2022 were curated from research and careful market analysis.
Let me start by saying this, if you’re a crypto newbie reading this content, you will find everything in this article very helpful. If you’re looking for insight for your crypto investments, get ready to get a lot of them here. If you’re also looking to just gain a little more knowledge to add to what you already know about the crypto market, dig in and grab as much as you can hold.
A cryptocurrency is simply a digital currency, virtual currency this means you can’t see, feel or touch this currency. Cryptocurrency is run by a decentralized system that uses cryptography. This system makes it very difficult to make a counterfeit or fake it’s currency.
Cryptocurrency has become popular especially among people who are looking to make long-term investments and short-term investments, profits.
Top 10 Crypto Currencies To Invest in 2022
With the advancements and development in recent times, there has been the creation and there will still be creations of more cryptocurrencies in the world. The deal isn’t about the cryptocurrencies but picking the one to invest in. You must also be aware that when investing you automatically become responsible for monitoring the crypto market with consistency, this is so you know if your target has been attained. Whether it’s a short-term investment or a long-term investment, you must consistently monitor the market.
If you are looking to invest in cryptocurrency in 2021 here are the top 10 cryptocurrencies that would be befitting.
Bitcoin is the first on our list. Everybody knows and has heard of Bitcoin even though some people don’t know what it is. If you’re looking to invest in cryptocurrency, Bitcoin should be top of your list. Bitcoin accounts for more than 40 percent of the crypto market cap. Apart from being the highest crypto coin in circulation, Bitcoin is looking to make more moves to higher grounds as speculations show that it would soon become a means to store value in the corporate world. This speculation came as a hint when Tesla Inc. purchased about $1.5 billion worth of Bitcoin. This tells you that Bitcoin has not reached its end. If you’re looking to invest then this is your top call.
Closely following the Bitcoin stock in the ranks is Ethereum which has also been called, labeled a blue-chip asset. In the entire crypto market, Ethereum accounts for about 20 percent of the crypto market cap and also looks to make more moves to higher ground. One of the major reasons that Haas made Ethereum rank this high is the fact that it works as a platform for Defi which is Decentralized Finance. This coin has become the go-to platform for developers when they want to create decentralized Apps or DApps. Ethereum is also a go-to platform for new technologies. Investing in Ethereum shouldn’t be a tough call to make, it will be worth it.
Beginning the year 2021 with 0.01% of the crypto market cap, Solana has made its way to join the top ten cryptocurrencies by market cap. What an amazing success call, a victory story indeed.
Solana’s ranking as part of the top ten cryptocurrencies by market cap was one of the greatest shocks that hit the crypto world and the world generally. Who expected that a coin with little or no effects would grow to such height in a short period?
Analysts have said if there’s a coin investor should go for, it should be Solana because it has attained a certain height of stability in the crypto market cap. One key reason for its fast growth is the fact that it was created to help developers create decentralized apps or DApps just like Ethereum. Good enough, developers have said the Solana network is faster than that of Ethereum for creating decentralized apps or DApps. Here’s one coin you should get if you’re looking to invest in cryptocurrency in 2021.
Dogecoin has become one of the most regarded coins in the crypto market. Originally this coin was created as a joke so analysts labeled it a meme coin. A Meme coin is considered to be of no value and to worsen matters a Meme coin is said to lose value as time goes on. Amazingly this coin attracted so much attention and beat its counterparts to rank among the top ten cryptocurrencies in the world. This ranking comes from the market cap that each coin has. What other victory is greater than one that is not expected. Dogecoin is one good investment for the year 2021.
Binance Coin (Bnb)
The Binance coin, though silent has been one of the very few cryptocurrencies that proved strong and rose to its peak in a short space of time. Analysis of this coin has shown a consistent upward trend since 2017 when all cryptocurrencies rose to their peak. It’s been regarded as one of the most stable coins among all cryptocurrencies. More than ever Binance coin has shown an amazing upward trend this year. Stability is one way to show it’ll be a good ride if invested in.
Just like Binance coin, Cardano is one very silent but appealing cryptocurrency. It has made impacts in the market even though not very loud but analysis shows that Cardano is one of the best cryptocurrencies to invest in in 2021. It is cheap and unlike Bitcoin, its transactions are faster. The catchy point about Cardano is the fact that it is safer and keeps getting safer as it improves on its security, this means this platform is consistently making faster moves so hackers don’t get into it.
According to speculations and insider information, this cryptocurrency is gunning to be an Ethereum killer. This platform was developed by the founders of Ripple, the reason why the XRP is also called Ripple. This is one platform that allows for exchanges and transactions between fiat currencies and crypto. If you’re looking to invest in crypto 2021, then this one coin you should have on your list.
I want to call this coin “the breakaway coin” and I’ll tell you why. The creators, developers of this platform, used to be part of the top leaders of the Ethereum platform. These people looking to make a platform with a better network and better transaction channels created Polkadot. It has proven to be better and faster with transactions as it doesn’t have just one transaction channel but several transaction channels.
Ranking as the fourth-largest cryptocurrency by market cap, Tether is one sure good investment to make in 2021. Tether has shown stability as its value has been seen to be consistently tracking the dollar. The fact that the value of Tether is tracking the US Dollar doesn’t allow plenty of price fluctuations.
It has been seen as a value store as this platform is used to save the profits gotten from the trade of other cryptocurrencies. It is one stable coin you should have. Good for investment be it long term or short term
FTX Token (FTX)
Used to be silent but has been able to attract the attention of the public and the crypto world recently. The FTX Token is the native currency of the FTX platform. The FTX platform is a platform for crypto derivatives. This coin has slowly made its way up the ladder and will be one amazing investment for 2021.
What Are the Best Crypto Currencies to Invest In 2023 for the Long Term
For those looking to make long-term investments, you must know that long-term investments do not escape the consistent market monitoring routine. We will not fail to also let you know that the volatility of the crypto market is high, so a sharp eye and consistent monitoring will do you a lot of good.
Here is a list of some coins which have been proven to be the best cryptocurrencies for long-term investments.
- Bitcoin – BTC (most popular cryptocurrency in the world and the leading asset)
- Ethereum– ETH (runs an awesome decentralized platform that keeps third parties, hackers out)
- Cardano – ADA (runs a secure platform for peer to peer transactions)
- Uniswap – UNI ( this cryptocurrency is one of the best as it uses smart contracts)
- Dogecoin – DOGE (with unlimited capacity to produce more, this cryptocurrency has proven to be stable)
- Binance Coin – BNB ( following in the footsteps of its predecessor Bitcoin, it has shown stable growth and looks to make moves for higher grounds)
Let me draw the curtain here by saying all the coins mentioned as best for investment in 2021 are also good for long-term investments. They’ve proven to be stable, have a traceable growth rate, and are consistent with the crypto market.
RELATED: Shiba Inu: All You Need to Know
What Is the Best AltCoin to Invest In 2022
With proper analysis and crypto market expert advice, there are a lot of ALTCOINS you can invest in in 2021. Of all the ALTCOINS, the best with a show of consistency and stability is the FTX Token.
FTX Token (FTX)
This is showing up twice in this article because of how good it has proven to be. FTX is one amazing ALT coin that has shown great prospects. It is the native currency of the FTX platform just like we said earlier. So if you’re looking to invest in an ALTCOIN, we just gave you one.
If you are interested in making profits in 2022, you should have the above-listed cryptocurrencies in your portfolio.
Kindly note that this peiece of information should not be construed as financial advice, you must know that the cryptocurrency market is volatile and you must know your investment risk quotient before investing in any cryptocurrency.
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