5 Cryptocurrencies you should know in 2021
Are you interested in investing in cryptocurrency? Do you want to know which coins to buy in 2021? The first thing to do is find out as much as you can about the potential currencies you might want to buy.
Top 5 Cryptocurrency List
If you’re already doing your research, here is a list of the five best cryptocurrencies to buy in 2021.
Bitcoin – Grandaddy of Cryptocurrency
I put Bitcoin at the top of the list as it can be considered the granddaddy of cryptocurrency. From both a technical and a financial point of view, bitcoin is the most famous and broadly used cryptocurrency on the market.
Bitcoin’s Proof-of-Work (PoW) system is set to halve the block reward per year. Reduced block bonuses and the ever-decreasing number of eligible coins mean that the price of BTC can only grow if demand increases.
Ethereum (ETH)
Ethereum (ETH) is the second-largest cryptocurrency and a leader in the market as a basis for decentralised applications (dApps) and intelligent contracts (smart contracts).
The development team has suffered several setbacks in solving scaling problems. However, various upgrades and updates attempt to address the scalability problem. The bright prospects for Ethereum can also be attributed to the fact that so many projects are building on its blockchain and are also expanding.
Above all, the prices are also relatively low, making it attractive to anyone looking for a long-term investment opportunity.
Ripple (XRP)
Developed by Ripple Labs and published in 2012, XRP is currently the third-largest cryptocurrency by market capitalisation. 2019 was a challenging year for cryptocurrency, just like many other cryptos.
However, the strength of the currency lies in Ripple Labs’ ability to market the currency XRP. Most of the world’s leading financial institutions and banks (currently over 300) have already decided to use XRP or RippleNet.
However, at the moment, Ripple is facing SEC charges.
Litecoin (LTC)
Litecoin (LTC) is a significant long-term investment cryptocurrency. LTC, one of the TOP 10 cryptocurrencies, is like silver to Bitcoins gold and has excellent skyrocket potential in the next few years.
Litecoin continues to have strong fundamental indicators. Above all, LTC is one of the most widely used payment methods for online payments today.
Binance Coin (BNB)
Binance Coin (BNB) made it onto our 2020 list due to its excellent investment potential. BNB is a utility token. Its use is continuously growing in the Binance ecosystem. It runs on the decentralised Binance Exchange DEX.
The Binance Coin offers an opportunity for every investor who wants to expand their crypto portfolio. Due to the immense popularity of the BNB currency, you can buy and sell it on most major platforms.
Careful when investing in Cryptocurrency
Disclaimer: This article is solely for information purposes. This article is not to be constituted as financial or investment advice. In conclusion, we request all readers to do further research before investing in cryptocurrency. Do read our article on how to invest in cryptocurrency as well.
