Discover the Top 20 Best Cryptocurrencies for Investing in 2021
Cryptocurrency has come a long way since the inception of Bitcoin in 2009. The market has grown exponentially, and there are now thousands of cryptocurrencies available in the market. With the increase in demand and the volatility of the market, investors need to be cautious and informed before investing in any cryptocurrency. In this article, we will be discussing the top 20 best cryptocurrencies to invest in 2021.
1. Bitcoin (BTC)
Bitcoin is the first and most popular cryptocurrency, known for its decentralization, security, and anonymity. It remains the most valuable cryptocurrency, with a current market cap of over $600 billion. Bitcoin is also the most widely traded cryptocurrency, with a daily trading volume of over $70 billion.
2. Ethereum (ETH)
Ethereum is the second most valuable cryptocurrency, with a current market cap of over $200 billion. It is an open-source blockchain platform that enables developers to build decentralized applications. Ethereum is also the most actively used blockchain, with more than 250,000 daily transactions.
3. Binance Coin (BNB)
Binance Coin is the utility token of the Binance exchange, which is the largest cryptocurrency exchange by trading volume. The token is used to pay for trading fees on the exchange and can also be used to book hotels, flights, and more. Binance Coin has grown rapidly in value, and it is now one of the most valuable cryptocurrencies with a market cap of over $50 billion.
4. Cardano (ADA)
Cardano is a third-generation blockchain platform that aims to solve the problems of scalability, security, and sustainability. It is a platform for building decentralized applications and smart contracts, just like Ethereum. Cardano has gained a lot of attention and is currently the fifth most valuable cryptocurrency, with a market cap of over $40 billion.
5. Polkadot (DOT)
Polkadot is another third-generation blockchain platform that connects different blockchains to each other. It aims to enable various blockchains to communicate and share information with each other. Polkadot is gaining popularity, with a current market cap of over $20 billion.
6. Ripple (XRP)
Ripple is a digital payment protocol that enables instant and low-cost international money transfers. It is one of the most used cryptocurrencies in the banking sector, with more than 300 financial institutions using its technology. Ripple has a current market cap of over $50 billion.
7. Chainlink (LINK)
Chainlink is a decentralized oracle network that connects smart contracts with real-world data. It enables developers to create secure and reliable smart contracts that can interact with external data. Chainlink has a current market cap of over $14 billion.
8. Litecoin (LTC)
Litecoin is a fork of Bitcoin, created to solve the problems of scalability and transactions speed. It is a faster and cheaper option than Bitcoin, making it an attractive choice for merchants and consumers. Litecoin has a current market cap of over $10 billion.
9. Stellar (XLM)
Stellar is a blockchain platform designed for cross-border payments and remittances. It aims to make international money transfers cheaper, faster, and more accessible to everyone. Stellar has a current market cap of over $12 billion.
10. Theta Network (THETA)
Theta Network is a blockchain platform designed for streaming video content. It aims to solve the problems of centralization and control in the streaming industry. Theta Network has a current market cap of over $10 billion.
11. Uniswap (UNI)
Uniswap is a decentralized exchange that enables users to swap different tokens without the need for an intermediary. It is one of the most popular decentralized exchanges, with a current market cap of over $5 billion.
12. Aave (AAVE)
Aave is a decentralized lending platform that enables users to borrow and lend cryptocurrencies without the need for intermediaries. It is one of the most used lending platforms in the DeFi sector, with a current market cap of over $4 billion.
13. Cosmos (ATOM)
Cosmos is a blockchain platform that enables interoperability between different blockchains. It aims to solve the problem of fragmentation in the blockchain industry. Cosmos has a current market cap of over $4 billion.
14. Dogecoin (DOGE)
Dogecoin is a cryptocurrency that started as a meme but has gained significant popularity and value. It is a fast and cheap option for transactions, making it attractive for small transfers. Dogecoin has a current market cap of over $30 billion.
15. Algorand (ALGO)
Algorand is a blockchain platform that aims to create a decentralized and scalable ecosystem for developers and users. It offers fast and secure transactions, making it an attractive choice for developers. Algorand has a current market cap of over $3 billion.
16. Filecoin (FIL)
Filecoin is a decentralized storage network that enables users to store and retrieve data securely and efficiently. It aims to create a decentralized and censorship-resistant storage network. Filecoin has a current market cap of over $4 billion.
17. Avalanche (AVAX)
Avalanche is a blockchain platform that enables developers to build decentralized applications and smart contracts. It offers high throughput and fast finality, making it an attractive option for developers. Avalanche has a current market cap of over $10 billion.
18. Bitcoin Cash (BCH)
Bitcoin Cash is a fork of Bitcoin that aims to solve the problems of scalability and transaction fees. It offers faster and cheaper transactions than Bitcoin, making it a popular choice for merchants and consumers. Bitcoin Cash has a current market cap of over $8 billion.
19. Compound (COMP)
Compound is a decentralized lending platform that enables users to borrow and lend cryptocurrencies. It is one of the most used lending platforms in the DeFi sector, with a current market cap of over $2 billion.
20. Zcash (ZEC)
Zcash is a cryptocurrency that offers privacy and anonymity to its users. It enables users to make anonymous transactions, making it an attractive choice for those who value privacy. Zcash has a current market cap of over $1 billion.
In conclusion, investing in cryptocurrencies can be a lucrative opportunity, but it comes with significant risks. The top 20 best cryptocurrencies we discussed offer some degree of security and stability, but investors must conduct their research and make informed decisions before investing. The cryptocurrency market is highly volatile, and investors must be prepared to face the risks and fluctuations in the market.
