Top 5 Best Cryptocurrencies to Invest in 2021
Cryptocurrencies have taken the world by storm in recent years, and we have seen massive growth in their user base and market cap. With the pandemic pushing more and more people towards online payment methods, digital currencies are becoming even more popular than ever before. In this article, we will discuss the top 5 best cryptocurrencies that you can invest in for 2021.
1. Bitcoin (BTC)
Bitcoin is the most popular and oldest cryptocurrency in the market. It was created back in 2009 and has since been the most dominant cryptocurrency, with a market share of around 63%. The value of Bitcoin continues to rise, and it is currently trading at a staggering $50,000. The reason for Bitcoin’s success is its secure blockchain technology, which makes it nearly impossible to hack or manipulate. With mainstream adoption increasing and institutional investors pouring in millions of dollars, Bitcoin is a safe bet for any long-term investor.
2. Ethereum (ETH)
Ethereum is the second-largest cryptocurrency, with a market share of around 13%. It was launched in 2015 and is the pioneer of the smart contract platform. Ethereum’s blockchain technology is used to power decentralized applications (DApps) and is an essential part of the decentralized finance (DeFi) ecosystem. Ethereum’s popularity continues to grow, and the recent surge in demand has pushed its value to nearly $2,000. The ongoing upgrades in the Ethereum network, such as the switch to Proof-of-Stake consensus mechanism, make it a solid choice for investors.
3. Binance Coin (BNB)
Binance Coin is the native cryptocurrency of the Binance exchange, one of the largest cryptocurrency exchanges in the world. It was launched in 2017 and has quickly gained popularity among traders and investors. Binance Coin has risen to become the fourth-largest cryptocurrency, with a market share of around 2%. What makes Binance Coin unique is its use case within the Binance ecosystem, such as discounted trading fees and staking rewards. Its value has increased by over 400% in 2021, making it a great investment option.
4. Cardano (ADA)
Cardano is a decentralized platform that was launched in 2017. Its blockchain technology uses a proof-of-stake consensus mechanism, making it a more eco-friendly alternative to Bitcoin. Cardano’s popularity has been on the rise, and it has gained a market share of around 2%. The Cardano network is designed to be scalable and sustainable, making it an attractive option for developers looking to build decentralized applications. Its value has increased by over 500% in 2021, making it a top investment option.
5. Polkadot (DOT)
Polkadot is a relatively new cryptocurrency, launched in 2020, but it has quickly risen to become a top contender in the market. The Polkadot network is a multi-chain platform that enables interoperability between different blockchain networks. Its blockchain technology is designed to be scalable and secure, making it an attractive option for developers. Its market share is around 2%, and its value has increased by over 200% in 2021, making it an excellent investment option.
In conclusion, the cryptocurrency market is constantly evolving, and it is essential to conduct thorough research before investing. The above-mentioned cryptocurrencies have shown tremendous growth potential and are expected to continue to do so in the future. Remember to invest only what you can afford to lose and never make investment decisions based solely on emotions. Happy investing!
