So you may have looked into investing in cryptocurrency only to find that there are hundreds to choose from.
What are the best cryptocurrencies you should invest in for 2021? Find out below.
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Cardano
Cardano is the direct competitor to Ethereum, widely regarded as one of the best cryptocurrencies in the market. It was founded by a decentralized company called Input Output Hong Kong in 2015, the same company who builds cryptos and blockchains for government, educational and business applications.
ADA coins have had the same ups and downs as Bitcoin and recently received a price boost in February this year. It’s the heart of decentralized apps and touts ‘redistributing’ power to margins and individuals.
Ripple
Where there’s cryptocurrency, there’s Ripple. Aside from being a crypto coin Ripple is also a digital payment network. Its usefulness makes it a valuable but underappreciated asset for investors. However, it’s trending upwards and offers excellent value as a commodity.
Ripple Labs has made a blockchain-based decentralized payment system that utilizes validation nodes. Like other cryptocurrencies, XRP is in limited supply but it may not be mined with computers.
Litecoin
Litecoin holds the same digital structure as Bitcoin and offers faster transactions. The P2P crypto and open source project is gaining ground as a popular alternative to Bitcoin. It’s capped at 84 million and as of today about 75% of the total supply is already in the hands of people.
Litecoin has been around for roughly a decade and is ranked the ninth largest cryptocurrency. Experts believe that Litecoin’s value will go up this year and the subsequent ones after that. It’s worthy of any investor’s cryptocurrency portfolio and one that you should look into.
Bitcoin
Bitcoin has become so synonymous with the cryptocurrency niche that it’s hard not to mention one without the other.
Bitcoin was created in 2008 as an answer to the financial crisis and has proved itself to be more than that. It’s a digital asset that’s been making the headlines all over the world, and with good reason. Early adopters who bought or mined it are now looking at immense gains.
Bitcoin’s price of entry is considerably higher compared to others, but you’ll be more likely to come away with profit instead of a loss. There are quite a few trading platforms for Bitcoin, but there’s only a handful that deserves your attention. Bitcoin Equaliser is one of them, and you can open an account for free.
Chainlink
Chainlink began life as an Ethereum token used for the decentralized oracle network, bridging smart contracts across APIs, data sources and payment systems. Then it soon gained traction and was adopted by Polkadot and Tezos.
Chainlink network is nearing the level of technology that Bitcoin has, and this has caused its prices to surge upwards. Because it’s versatile and is already a part of existing network infrastructures, Chainlink won’t go away anytime soon.
These are 5 of the best cryptocurrencies you should invest in for the year 2021. All of them show a steady growth not just in value but in utilization as well.
