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What Is the Best Cryptocurrency to Invest During 2021?

  

#1. Bitcoin (BTC)

 

Present,Guest Posting past, and future – Bitcoin has turned into a timeless asset for cryptocurrency traders. No matter what cryptocurrency trading instrument you decide on, you can bet on bitcoin. 2017 is a bull run moment for bitcoin. There has been a consistent rise in its value.

In the past twelve months, its value has only seen an upward trend. Even COVID-19 led economic crisis couldn't slow it down ledger live. The recent USD1.5 billion investment by Elon Musk's Tesla has trained with a brand new height.

 

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#2. Ethereum (ETH)

 

Ethereum's consistency in the last twelve months makes it the next most preferred cryptocurrency to get and sell. Citing the present ETH price (USD1825), it is simple to get almost 29 times more ETH than BTC at exactly the same deposit. Long-term or short-term – Ethereum might be a prudent thought.

 

Its market capitalization is $209,443,778,508 USD and it maintains a wholesome circulating way to obtain 114,977,310 ETH coins. What guarantees the security of the Ethereum network? Ethereum is secured via the Ethash proof-of-work algorithm, produced from the Keccak category of hash functions.

 

#3. Binance Coin (BNB)

 

Until January 2021, BNB was not even in the most truly effective 10 cryptocurrency coins. Ever since then, the Binance coin has witnessed an almost six-fold growth in its value. It shouldn't surprise you considering age the cryptocurrency.

 

 

BNB was launched through an initial coin offering in 2017, 11 days prior to the Binance cryptocurrency exchange went online. Considering the present Binance coin value, i.e., $272.44 USD, that will be almost 20 times lesser than that of BTC, it's simple to conclude that owning more BNB can make you richer if the price comes up further. 

 

#4. Cardano

 

In just four years of its inception (founded 2017), Cardano has become one of the favorites of cryptocurrency traders that take market capitalization to USD 37,939,127,099. In the last twelve months, its value has grown exponentially from USD0.17 to USD1.20, that will be almost over six folds.

What does secure Cardano? Its security is maintained through an “environmentally sustainable, verifiably secure” PoS protocol, popularly called Ouroboros. It's delivered with a PoW consensus mechanism while using substantially less power.

 

 

#5. Tether (USDT)

 

Tether belongs to a brand new breed of cryptocurrencies called stablecoins. Its value is fixed at USD1. On the contrary to the volatility of other cryptocurrency coins like BTC, it aims to keep a well balanced valuation. This attribute makes it a preferred medium of exchange like USD or any fiat currency, and a mode of storage of value, instead of being used as a medium of speculative investments.

 

 

The Wall Street Journal, based on CryptoCompare data, reports that 80% of most bitcoin trading is completed in Tether, and the stablecoin is a major supply of liquidity for the cryptocurrency market.

 

#6. Polkadot (DOT)

 

Polkadot's growth after December 2020 to till date has been phenomenal. It's attained almost seven times growth. DOT is a unique proof-of-stake cryptocurrency. It was conceptualized with a mission to supply interoperability between other blockchains. It bridges permissioned and permissionless blockchains as well as oracles to permit systems to come together under one roof. Its current value of USD36 

 

The interoperability of varying networks is facilitated by its relay chain. In addition it makes for “parachains,” or parallel blockchains with their particular native tokens for specific use cases.

 

#7. XRP (XRP)

 

Wise investors take advantage out from the little investment they do. Hence, don't ignore XRP trading citing its low value (USD0.48) today. The usability of its underlying XRP Ledger to the mainstream banking and supply chain for real-time gross settlement has increased its adoption, and its value will probably see new heights in the near future. 

 

XRP runs on the RippleNet platform that will be built on top of a distributed ledger called XRP Ledger. While RippleNet is run with a company called Ripple, the XRP Ledger is open-source and isn't based on blockchain, but instead the previously mentioned distributed ledger database.

 

 

#8. Uniswap (UNI)

 

Though Uniswap comes at #8, its resilience amid COVID-19 led economic crisis is appreciable. Here is the only cryptocurrency that hasn't seen a downward movement since its launch in September 2020. With its current value of USD 33.42, it comes as an incredible choice for all kinds of investors – beginners and advanced.

 

#9. Litecoin (LTC)

 

The consistent rise in the market capitalization and circulating way to obtain Litecoin makes it a potential investment instrument. Its current value is pegged at USD198.89. It never disappointed its investors since 2014. 

There is a fundamental difference in the underlying technology of BTC and LTC. It works on the hashing algorithm, hard cap, block transaction times, and added factors. Litecoin includes a block time of just 2.5 minutes and extremely low transaction fees.

 

 

#10. Chainlink (LINK)

 

Chainlink (LINK) derives its underlying technique from the decentralized oracle network that aims to connect smart contracts with data from the real world. Sergey Nazarov along with Steve Ellis developed it, and was launched through an ICO in September 2017. It raised USD32 million, with an overall total way to obtain 1 billion LINK tokens.