5 Best Cryptocurrency To Invest In 2021
The cryptocurrency market is huge and could be staggering for a beginner. we give you a list 5 best cryptocurrency to invest in 2021
The first steps in cryptocurrency can be an overwhelming feeling since there are so many currencies like Bitcoin, Etherium, Dogecoin, XRP, and so much more. So, before we jump straight into the deep waters of the cryptocurrency market, we should first know what currencies to keep an eye on. Here is the list of the 5 best cryptocurrencies to invest in 2021.
5 Best Cryptocurrency To Invest In 2021.
1. Bitcoin (BTC) – Bitcoin is the first currency to hit the market and take the world by storm. it still holds the biggest value in the market with a market cap of over $640 billion. the currency runs on blockchain technology which is a state-of-the-art data storage method.
In 2013 the price of 1 Bitcoin was about $50, imagine investing in that coin back then and holding it until now. You would have made over $30,000 from that one coin alone. Even 5 years ago the coin was worth about $500.
2. Cardano (ADA) – Cardano is a currency that is known for its environmental-friendly system which uses the proof of stake validation. By using this method they can decrease the heavy use of energy that most currencies are currently undergoing.
Cardano is growing at a steady pace relative to its competitors. The current market cap is over $50 billion, and as of today, its value price is at $1.50. Which is a huge increase from its value back in 2017 which was $0.02.
3. Ethereum (ETH) – The Ethereum currency could be potentially the best cryptocurrency to invest in in the future thanks to its many applications, and it is by far the most favorite currency for developers. It uses features like smart contracts which is a transaction protocol that executes automatically when the specific agreement is met and non-fungible tokens stored on the blockchain technology, making them not interchangeable.
The current market cap of this currency is over $300 billion, and its market value stands at $2,500.
4. Tether (USDT) – Tether is not like any other cryptocurrency out there, it is a stable coin, which is a form of a fiat currency like the US Dollar, or the Euro. In a sense, it made to keep its value in the market and is a form of a safe coin to invest in. Investors can avoid the vulnerability that the other currencies potentially have in the market.
So, if you are looking to invest in a stable currency look no further than Tether (USDT). the market cap of Tether is currently over $60 billion.
5. Binance Coin (BNB) – Binance Coin is another unique currency since it is used mostly for trading on the Binance crypto exchanges. It was created to use as a token to receive discount fees. Today the usage of this currency has expanded to serve numerous applications on many different platforms. Using Binance Coin you can pay for transaction fees and trading in other cryptocurrencies.
Just 5 years ago the currency was standing at $0.10 and has risen to over $350 which is tremendous growth with a market cap of over $55 billion.
We hope you now understand what are the best cryptocurrency to invest in 2021, and can start your investment journey on the right foot. be sure to check out more of our content below!
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