All investors know that now is the best moment to invest in bitcoin, whether they are common or unusual, large or little, retail or institutional. Here are the top cryptocurrencies to invest in in 2021 if you want to take advantage of the chance and establish a healthy financial portfolio.
1. Bitcoin (BTC)
The present, the past, and the future – for cryptocurrency traders, Bitcoin has become a timeless asset. You can bet on bitcoin regardless of which cryptocurrency trading instrument you choose. Bitcoin is already in the midst of a bull run. It has been steadily increasing in value. Its worth has been steadily increasing over the last year. It was unaffected by the COVID-19-led economic collapse. Tesla’s Elon Musk has invested $1.5 billion in the company, propelling it to new heights.
2. Ethereum (ETH)
Ethereum is the second most popular cryptocurrency to purchase and sell due to its steadiness over the last year. According to the current ETH price, you can obtain around 29 times more ETH for the same deposit than BTC. Ethereum, whether for the long or short term, could be a wise investment. It currently has a market capitalization of $209,443,778,508 USD and a circulating supply of 114,977,310 ETH coins. What guarantees the Ethereum network’s security? The Ethash proof-of-work algorithm, which is derived from the Keccak family of hash functions, is used to secure Ethereum.
3. Binance Coin (BNB)
BNB was not even in the top ten cryptocurrency coins until January 2021. Since then, the value of the Binance coin has increased by about sixfold. Given the cryptocurrency’s youth, this should come as no surprise. In 2017, 11 days before the Binance cryptocurrency exchange went live, BNB was released through an initial coin offering. Given the current Binance coin value of $272.44 USD, which is over 20 times lower than BTC, it’s easy to assume that having more BNB will make you wealthier if the price rises further.
Cardano has grown in popularity among cryptocurrency traders in just four years from its launch (in 2017), with a market value of $37,939,127,099. Its value has increased dramatically over the last year, over sixfold. What does it mean to secure Cardano? Its security is ensured by the Ouroboros PoS protocol, which is described as “environmentally sustainable and verifiably safe.” It is distributed using a PoW consensus process that consumes significantly less power.
5. Tether (USDT)
Tether is a stablecoin, which is a new type of cryptocurrency. It has a set value of $1. It attempts to maintain a constant valuation, in contrast to the volatility of other cryptocurrency coins such as BTC. This property makes it a preferred medium of exchange, similar to the US dollar or any other fiat money, as well as a mechanism of value storage, rather than a vehicle for speculative investments. According to the Wall Street Journal, Tether accounts for 80 percent of all bitcoin trade, according to CryptoCompare data, and the stablecoin is a major source of liquidity for the cryptocurrency market.