The cryptocurrency markets are very popular among big investors currently. As it’s a high risk and high return system because the cryptocurrency prices are volatile. Which means the prices can go up or down very quickly.
Unlike the normal stock market, the cryptocurrency industry is full of possibilities. With the right knowledge and strategy, you can even become a millionaire overnight! while many people are afraid to get in the game because of fluctuating prices, making a profit by choosing the right cryptocurrency is always a trending topic among the newbies.
Which is the best cryptocurrency for investing in 2021?
No wonder people will analyze the current market and go through suggestions before staking their income on a particular cryptocurrency. Because each of them is aware of the insecurities of investing in cryptocurrencies.
The main reason behind people are investing a lot in different cryptocurrencies lately is the profit margin. When compared to other investment opportunities in the market, trading Cryptocurrency generates a lot more profit.
A lot of people are showing interest in cryptocurrency lately. So it’s obvious that many different companies and individuals are launching their own cryptocurrencies projects in the market. leaving newcomers confused in choosing the best cryptocurrency for investing in 2021.
However, there are many cryptocurrencies with a much stable market value. Choosing them during your initial investment phase can help you understand the ups and downs of the system while taking the minimum risk. We’ve collected some of the best cryptocurrencies for investing in 2021, let’s go through them one by one.
The origin where everything started, you can consider Bitcoin as the Gold of the digital currency market. With the largest market cap among the available cryptocurrencies around the world, Bitcoin is the foundation of each popular asset that you see in the market currently.
Being the most valuable digital asset in the market, Bitcoin came into existence around 2009. With a tremendous amount of around $900 billion worth of market cap, choosing Bitcoin for your crypto investments won’t turn you down.
Following the market values set by Bitcoin, Ethereum or ETH is the second-largest cryptocurrency in the market. With a comparatively higher than average market cap of $400 Billion, it is the only coin capable of competing with Bitcoin currently.
You can imagine how much potential it has from its overall evaluation in the market. Buying ETH can help you start your journey as it’s preferable for the long term.
If you are using social media platforms regularly then you might already know about the DOGE coin. And the reason behind that it is inspired by a popular meme that became a trending topic in social media lately. The DOGE coin was basically launched without any future evaluation in the mind. But it’s worth choosing at the moment because of its popularity in the market.
A more safe way to enter the cryptocurrency market is using Stablecoins. Unlike other Altcoins in the market, Tether is a type of stable coin backed up by Fiat assets like USD and Euro. In simple words, the value of tether is connected directly with them. So there’s a very low chance of value fluctuation if you invest in them.
5. Binance coin(BNB)
Binance is one of the leading cryptocurrency trading platforms in the world. Providing its services to everyone, they introduced the Binance coin into the market. To make it easier for Binance platform users to pay the trading fees and complete other transactions easily.
With its growth since 2020, the Binance coin is hiking the charts and attracting a lot of investors. As the platform will keep providing robust services for the next years, the Binance coin is a wise choice for long-term investment.
Polkadot is considered one of the most popular blockchain protocols in the market. It helps popular blockchains connect with each other and let them work without any flows securely. So after the launch of their currency, it’s increasingly growing to a tremendous %774 price hike. Choosing it for long-term investments in the crypto market is a wise choice for newbies.
There’s no such thing as a perfect cryptocurrency that will always generate profit for you. Hence, it all comes down to analytical skills with a bit of luck that decides whether you’ll generate any profit or no.
Rest assured, choosing one of the cryptocurrencies from the list can save you from facing any major loss. So make sure to choose one of them when starting your crypto journey, share this information with others if you find it useful.