Cryptocurrencies have emerged as one of the most speculative assets in the past few years. With the rate of growth of an astounding 527% from march 2020 to march 2021, Cryptocurrencies like Bitcoins have witnessed tremendous growth over the past few years. The Blockchain market itself is predicted to grow at a whopping Compound annual growth rate (CAGR) of 67.3 % from the year 2020-2025. This tremendous growth in blockchain technology has managed to realize the eye of many investors and companies alike.
Popular brands like Overstock, Microsoft, and Starbucks are now willing to include cryptocurrencies into their payment system. Investors are also expecting positive results in the Blockchain market thanks to such staggering growth. There are many benefits to investing in cryptocurrencies. The first and most important benefit is security. The transactions made within the blockchain market are far more secure when compared to any other market in the world.
The cryptocurrency wallets that are available within the market today have advance encryption features that make sure that nobody can steal your cryptocurrency in your wallet.
Another great advantage of investing in Cryptocurrencies is the transaction cost. Since the cryptocurrencies are exchanged through a decentralized network, there are not any overseers. Hence, cryptocurrency transactions are not the only cheaper but offer you far better control over the transactions you make. Unlike some of the other financial markets that are open only 5 days a week, the Blockchain market is usually open. Hence, it an excellent choice for the folks who want to invest in cryptocurrency part-time.
Many cryptocurrencies have emerged in the market with the growing acceptance of cryptocurrencies within the present world. Hence, it becomes quite cumbersome for investors to understand which cryptocurrencies they should invest in.
In this article, we are going to list some of the best cryptocurrencies to settle on to take a position in 2021.
Best Cryptocurrencies To Invest in 2021
Ripple (XRP): Founded to facilitate cross-border transactions, Ripple is another great cryptocurrency in the market. It has witnessed some impressive growth in the past few years. The XRP provides a speedy and secure transaction at a very low transaction cost. The Ripple has seen some decline in its value after it touched its peak last year. However, it is still one of the best cryptocurrencies in the market, thanks to its ability to recover.
This is the rationale why many analysts see Ripple as a good cryptocurrency to invest in the year 2021. Ripple is also gaining popularity among investors in the year 2021 due to this reason. Ripple also is a bridge of exchange between many cryptocurrencies. Currently, many Forex Brokers accepting Ripple (XRP).
Ethereum (ETH): Ethereum is perhaps the second hottest cryptocurrency in the market after Bitcoins. The list of best cryptocurrencies to invest in can’t be completed without including Ethereum. With a growth of 1166% from March 2020 to March 2021, Ethereum has provided even better returns than Bitcoins. Many analysts believe that Ethereum is likely likely to witness even more growth in the year 2021.
Moreover, Ethereum has a tremendous market capitalization of $194.28 Billion with a 24 hr trading volume of $25 billion. Additionally, Ethereum can is tradable on many popular cryptocurrency exchanges like Coinbase, Binance, Cex.io. Hence, this makes Ethereum an excellent choice for investors who are trying to find some good returns in the cryptocurrency market.
Litecoin: Litecoin is another cryptocurrency in the Blockchain market. The value of Litecoin is fluctuating at around $182. Apart from that, Litecoin is far cheaper as compared to some top cryptocurrencies like Ethereum and Bitcoins. Litecoin is also expected to rise in the year 2021, making it an excellent choice for investors to get returns. Although, Litecoin is not the best performing cryptocurrency yet its popularity is increasing among investors. Litecoin has witnessed an impressive growth rate of 45% in the last year.
This makes it one of the top 10 popular cryptocurrencies in the world for investors. Analysts expect positive growth for Litecoin in the year 2021. Some analysts even predicted the Litecoins value to travel as high as $600 in 2021. Working on a similar mechanism as the Bitcoins, the Litecoins is viewed positively in the market and may have tons for the investors in 2021.
DogeCoin: Founded seven years ago as a joke by two programmers, the DogeCoin is now one of the best cryptocurrencies to invest in the year 2021. The DogeCoin has witnessed some impressive growth with growing over 264% on January 29, 2021. The coin has also touched the astounding market value of $10 Billion in 2021. The dogecoin also saw an appreciation in the value after a rally that was supported by Elon musk. It led to an increase in the value of many cryptocurrencies in which DogeCoin was one of the gainers. The DogeCoin has witnessed a steady increase in the value of DogeCoin over the past few months. Hence, it’s an excellent cryptocurrency for beginners to start out within the cryptocurrency market.
Cryptocurrencies are one of the foremost speculative financial assets in the present world. Cryptocurrency is viewed as the future of the world payment system by many investors and companies. The blockchain market has witnessed an impressive growth rate from the year 2020-2021. This led to an increase in the value of many cryptocurrencies in the market. Additionally, many investors also have a positive outlook on the cryptocurrency market and the blockchain system. The above cryptocurrencies listed in this article are some of the strongest going cryptocurrencies that you can choose to invest in 2021.
Cryptocurrencies like Dogecoin and Litecoin have also made some great progress from this rally. There is always some risk associated with investing in speculative assets like cryptocurrency. The situating of the blockchain market changes over time. A piece of negative or positive news can have an enormous impact on the value of cryptocurrency in a matter of seconds. Hence, It is very important to research the cryptocurrency and the blockchain market itself before you invest.