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Top 10 Cryptocurrencies to Invest in 2021
By GamblersPick Nov 21, 2020There are several amazing cryptocurrencies to invest in the new year. You can learn more by checking out our informative guide here.Are you looking to expand your cryptocurrency portfolio? Maybe you're new to virtual coins and are looking for a new investment opportunity?
Due to the number of new cryptocurrencies available, many people get overwhelmed when deciding which one to buy. If you're new to blockchain technology, then choosing cryptocurrencies to invest in can be confusing.
That's why we've created this helpful guide. Keep reading to find out the top 10 crypto investments you can make in 2021.
1. Bitcoin (BTC)
Since its inception in 2009, Bitcoin has been dominating the cryptocurrency space.
Users trust Bitcoin because of its general stability and resistance to market crashes. Some experts are predicting Bitcoin to have a very strong year in 2021.
Although the price of Bitcoin hit a low in March of this year, within 6 months it had already recovered. When it comes to market capitalization, Bitcoin is way ahead of the competition. And this isn't going to change any time soon.
For many cryptocurrency experts, Bitcoin is the top investment choice for 2021.
2. Ethereum (ETH)
Ethereum was released in 2015 and runs on its own, unique blockchain platform. Ethereum is the closest rival to Bitcoin in terms of popularity and market capitalization.
In fact, Ethereum's market cap is currently sitting at $53,864,420,277. One of the reasons for Ethereum's rise is the growth of DeFi - also known as decentralized finance.
Many cryptocurrencies driving DeFi are built on the Ethereum blockchain platform. This includes Chainlink (LINK) and Maker (MKR).
3. Bitcoin Cash (BCH)
Anyone who's interested in cryptocurrency is aware that Bitcoin Cash is one to watch. First launched in 2017, Bitcoin Cash is an electronic cash system. It was built as a scalable branch of the original Bitcoin blockchain.
Bitcoin Cash was created because traders were concerned about Bitcoin's future scalability. It is now one of the most popular cryptocurrencies to invest in. It is also one of the top 10 biggest cryptocurrencies by market cap.
There are varying predictions for the price of Bitcoin Cash. Some experts predict that BTC will reach over $6,000 by the end of 2021.
4. Litecoin (LTC)
Litecoin was launched in 2011 as a competitor to Bitcoin. Since then it's become a strong player in the crypto space.
Although the price of Litecoin is only $73.17, it is currently the 6th largest cryptocurrency by market cap. Litecoin showed huge growth back in 2017, putting it on the radar of many cryptocurrency investors.
There is also a role-playing game available on the Litecoin blockchain called LiteBringer which has caused a surge in transactions. Because of this, many are predicting Litecoin to show strong growth in 2021.
5. Tezos (XTZ)
Tezos has seen slow but steady growth recently. Despite this, it's still among the top 20 cryptocurrencies in the world by market cap.
The price of Tezos is around $2,08 so it's a low-risk, high-reward investment. The Tezos blockchain is also built using a smart security protocol so all coins are kept safe.
A financial group called Elevated Returns (ER) is using the Tezos blockchain to tokenize over $1 billion worth of real estate. This investment by ER is excellent news for the future of Tezos.
6. Ripple (XRP)
Ripple refers to both the blockchain platform called RippleNet and its cryptocurrency called XRP. By comparing market cap, XRP is the fourth largest cryptocurrency in the world.
The price of XRP is around $0.29. So, if you're looking for a low-cost cryptocurrency investment then XRP is a good choice.
XRP has been stable this year and didn't suffer as badly during March as some other virtual currencies. Some experts predict Ripple's XRP will grow in 2021.
7. Tron (TRX)
The TRON cryptocurrency was created in 2017 on the Ethereum blockchain platform. Since then it has switched to its own independent platform. TRON has been one of the largest cryptocurrencies in the world for a few years now.
It uses a proof-of-stake algorithm to process and validate all transactions. Although its price is only $0.025, TRON is still a good investment for 2021.
Why? Because the TRON blockchain hosts more decentralized apps than the Ethereum platform. As more and more organizations adopt the TRON platform, the value of its virtual currency will grow.
8. Cardano (ADA)
Cardano's proof-of-stake blockchain platform is currently among the top ten cryptocurrencies in the world, with a market cap of $3,303,948,528.
Although the price of Cardano is only $0.106, many are predicting it to increase during 2021. The Cardano blockchain also has some big developments coming.
With the release of 'Hydra', a 2-layer scalability solution, Cardano will be able to process a huge number of transactions at lightning speeds. This recent innovation makes Cardano is a solid investment for 2021.
9. IOTA (MIOTA)
IOTA is an open-source ledger and cryptocurrency system. It sits at the 31st spot for market cap and its price is around $0.25. So why is it a good investment for 2021?
IOTA has partnered with various companies in the insurance, manufacturing, and automobile industries. This provides a great opportunity for IOTA to take advantage of the growth of decentralized finance.
IOTA is built for processing transactions on the Internet of Things (IoT) network. And as the IoT grows, so will IOTA.
10. Binance Coin (BNB)
Binance Coin is issued by the Binance exchange, the second-largest cryptocurrency exchange in the world. Binance Coin runs on the Ethereum blockchain and is now among the top 10 cryptocurrencies in the world by market cap.
As long as the Binance exchange continues to thrive, so will Binance Coin. Due to its prospects of future growth, Binance Coin is a solid investment for anyone looking to expand their cryptocurrency portfolio.
Looking Ahead: These Are the Top Cryptocurrencies to Invest In
Choosing cryptocurrencies to invest in can be confusing. There are a lot of different virtual coins these days and each has its own advantages and disadvantages.
Unsurprisingly, Bitcoin retains its spot as the number one cryptocurrency investment for 2021. However, some experts think that Bitcoin is unstable in the long-term and prefer to put their money into smaller coins like Ethereum, Bitcoin Cash, or TRON.
Did you find this post helpful? We regularly update our blog with new and interesting content so make sure to check out more of our articles.
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