The cryptocurrency markets are very popular among big investors currently. As it’s a high-risk and high-return system because the cryptocurrency prices are volatile. Which means the prices can go up or down very quickly.
Unlike the normal stock market, the cryptocurrency industry is full of possibilities. With the right knowledge and strategy, you can even become a millionaire overnight! while many people are afraid to get in the game because of fluctuating prices, making money with cryptocurrency is always a trending topic for all people.
No wonder people will analyze the current market and go through suggestions before staking their income on a particular cryptocurrency. Because each of them is aware of the insecurities of investing in cryptocurrencies.
However, there are many cryptocurrencies with a much more stable market value. Choosing them during your initial investment phase can help you understand the ups and downs of the system while taking the minimum risk. We’ve collected some of the best cryptocurrencies for investing in 2021, let’s go through them one by one.
1. Bitcoin(BTC)
The origin where everything started, you can consider Bitcoin as the Gold of the digital currency market. With the largest market cap among the available cryptocurrencies around the world, Bitcoin is the foundation of each popular asset that you see in the market currently.
Being the most valuable digital asset in the market, Bitcoin came into existence around 2009. With a tremendous amount of around $900 billion worth of market cap, the majority of big investors have been trading BTC for gaining profits. Not to mention the blockchain is comparatively slower in terms of block execution. Still choosing Bitcoin for your crypto investments won’t turn you down.
2. Ethereum(ETH)
Following the market values set by Bitcoin, Ethereum or ETH is the second-largest cryptocurrency in the market. With a comparatively higher-than-average market cap of $400 Billion, it is the only coin capable of competing with Bitcoin currently. Therefore, you can imagine how much potential it has from its overall evaluation in the market.
Whereas, the interference of big investors within the Ethereum market is causing sudden price hikes. A lot of ETH holders are snatching huge profits during such events. Being one of the fundamental crypto assets in the industry, Buying ETH can help you start your journey as it’s preferable for the long term.
3. Dogecoin(DOGE)
If you are using social media platforms regularly then you might already know about the DOGE coin. And the reason behind that it is inspired by a popular meme that became a trending topic in social media lately. The DOGE coin was basically launched without any future evaluation in mind.
However, the coin somehow survived the market competition and claimed its place among the most popular cryptocurrencies in the market. Surging from nothing to approx 100-fold profit to its holders. With current pricing of $0.23, the DOGE coin has a lot of potential in terms of future investments. Hence, it’s worth choosing at the moment because of its popularity in the market.
4. Tether(USDT)
A more safe way to enter the cryptocurrency market is using Stablecoins. Unlike other Altcoins in the market, Tether is a type of stable coin backed up by Fiat assets like USD and Euro. In simple words, the value of USDT is connected directly with them. So there’s a very low chance of value fluctuation if you invest in them.
A lot of newcomers prefer to choose Stablcoins due to their promising nature. Whether you want to learn crypto trading or initiate trades with a much lower risk, choosing stable coins like USDT is one of the best digital assets. Hence, practicing with stablecoins can even help you generate a lot of profit if done properly.
5. Binance coin(BNB)
Binance is one of the leading cryptocurrency trading platforms in the world. Providing its services to everyone, it introduced the Binance coin into the market. To make it easier for Binance platform users to pay the trading fees and complete other transactions easily. However, the native token turned out to be one of the best cryptos after gaining popularity.
With its growth since 2020, the Binance coin is hiking the charts and attracting a lot of investors. Going from a bare $15 to $550 within a year, the BNB coin has been on a bull run for a long time for sure. As the platform will keep providing robust services for the next years, the Binance coin is a wise choice for long-term investment.
6. Polkadot(DOT)
Polkadot is considered one of the most popular blockchain protocols in the market. It helps popular blockchains connect with each other and let them work without any flows securely. Apart from this, the blockchain offers a lot of features that are not easy to find. Therefore, after the launch of their currency, it’s growing to a tremendous 774% price hike.
It goes without saying that, the new multi-chain architecture is far more efficient compared to other blockchains in the market. Additionally, the recent collaborations with trustworthy platforms are creating hype among investors. Resulting in extra investments despite the fact that Polkadot(DOT) is still a growing currency. Choosing it for long-term investments in the crypto market is a wise choice for newbies.
7. SOLANA(SOL)
One of the most trending digital currencies in the market, SOLANA (SOL) is a robust blockchain system. Unlike popular currencies like Bitcoin that run on the Proof of Work concept, SOLANA uses the Proof of Stake concept to allow decentralized apps to work efficiently.
With the recent price hikes within the SOL market, SOLANA is entering the group of tokens known as Ethereum crushers. Due to its bullish behavior, the prices are surging recently. Not to mention that SOLANA is far more capable and effective when it comes to transaction speed per second and accuracy in comparison to Ethereum. Hence, SOL is a token worth choosing for sure.
8. LiteCoin(LTC)
Litecoin has been in the market for a long time now. However, if you are not aware of Litecoin yet, then you are missing out on one of the best cryptocurrencies in the market. Because it was founded just after two years when Bitcoin was found back then.
Being the 16th largest cryptocurrency in the world, Litecoin conducts a massive market cap of $11,907,271,292. Representing a huge chunk of the crypto industry, LTC is one of those tokens that you can rely on. As the digital asset is known to generate almost 10X profit on holdings during bull runs, there is a possibility that you can generate a decent profit from LTC with the right investment strategy.
9. Cardano(ADA)
With Ethereum's co-founder as the founder of Cardano, this coin is making a lot of impact in the overall crypto market recently. Generating a clear 150% return on investment for the traders who were holding it till now. ADA currency hiked to an all-time high price of more than $3 per coin. Not to mention the coin has become the world's third-largest cryptocurrency after the recent price hike event.
Effectively running on the official Ethereum blockchain, the Cardano coins are getting into the limelight lately. Serving a large user base with its open source and decentralized blockchain, ADA is capable to travel from peer to peer as the internal currency for the platform itself.
10. Bitcoin Cash(BCH)
Each person related to the crypto industry is aware of the big bull of Bitcoin for sure! Created in August 2017 Bitcoin Cash or BCH is an Altcoin that was derived from the Bitcoin concept. Whereas, the main reason why Bitcoin cash is available in the market is to deal with a certain transaction limitation that Bitcoin was facing because of the block size.
When it comes to finding the differences between both BTC & BCH they have a lot of technical similarities. But they are not the same when it comes to market capitalization and popularity. Above all, the BCH is a more efficient and faster version of the existing Bitcoin. With the same amount of supply, BCH is one of the best cryptocurrencies for investing right now!
The main reason behind people are investing a lot in different cryptocurrencies lately is the profit margin. When compared to other investment opportunities in the market, trading Cryptocurrency generates a lot more profit.
A lot of people are showing interest in cryptocurrency lately. So it’s obvious that many different companies and individuals are launching their own cryptocurrency projects in the market. leaving newcomers confused in choosing the best cryptocurrency for investing in 2021.
There’s no such thing as a perfect cryptocurrency that will always generate profit for you. Hence, it all comes down to analytical skills with a bit of luck that decides whether you’ll generate any profit or not.
Rest assured, choosing one of the cryptocurrencies from the list can save you from facing any major loss. So make sure to choose one of them when starting your crypto journey, and share this information with others if you find it useful.
