10 Most Important Cryptocurrencies to Invest in 2021

10 Most Important Cryptocurrencies to Invest in 2021

Even with the huge variations in price people are still interested in investing. It is quite risky to invest in cryptocurrency and to be prepared to accept the market changes or your story may change in one day. The pandemic showed there’s a need for digital currencies and people are interested to invest in Cryptocurrencies in 2021.

1.Bitcoin

Bitcoin was the first cryptocurrency developed on top of blockchain technology, Still bitcoin dominating in market cap and popularity of cryptocurrency increased. Most people think about Bitcoin when they hear the word cryptocurrency.

The major advantage of investing in bitcoin is to cut-down the middleman and develop a decentralized network; everyone can participate and transfer their funds also can be used as an alternative to the traditional banking system using bitcoin. Gradually everyone realized that bitcoin can change the traditional money system, and then it became part of our life so they are ready to invest in cryptocurrency in 2021 after pandemic.

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Cryptocurrency :Advantages of Invest in Bitcoin 2021

• Bitcoin potential is very high compared to other cryptocurrencies

• The supply is limited so you don’t need to worry about inflation in Bitcoin

• Highest liquidity and trading volume in the market compared to other cryptocurrencies

• Accepted by all cryptocurrency exchanges

2. Ethereum

The Ethereum is an open-source public blockchain was initially seen as the cryptocurrency that could shove bitcoin and became a dominant currency.Ethereum is the second most liquid cryptocurrency, ranking right below Bitcoin. This hat you will have no issues with buying or selling Ethereum. Ethereum blockchain has its own cryptocurrency called Ether.

Cryptocurrency :Advantages of Invest in Ethereum 2021

• Compared with other cryptocurrencies the price is moderate: you can choose both good long term and short term investment with ETH.

• Ethereum's blockchain technology allows thousands of projects, and several major corporations including Microsoft, Intel and JP Morgan are building versions of the software that control Ethereum

• With ETH 2.0 coming soon and moving to a PoS model will make investments in 2021 and ETH in the long run more profitable, which increases the storage value for ETH

3. Litecoin

Litecoin is an open-source, global payment network of cryptocurrency. It is designed to be used in peer-to-peer transactions.Litecoin also has higher TPS than bitcoin. However, Litecoin can verify a number of transactions with lower fees compared to credit card companies and other digital payment processors.This means Litecoin could potentially see steady increases in price, depending on demand.

Cryptocurrency :Advantages of Invest in Litecoin 2021

• Litecoin is one of the fastest and most affordable cryptocurrencies when it comes to payments

• Litecoin offers great potential at a much more affordable price to invest

• Litecoin offers price is less volatile compared to other cryptocurrencies in the market

4. Ripple

Ripple is also known as XRP coin or token. It is an open payment network and an exchange for digital currency and has its own ledger, where all transactions get settled. Ripple is more than just an exchange of value, The basic aim of Ripple is to enable a secure and instant global financial network with lower transaction cost. The advantage of Ripple is it working with banks.

Cryptocurrency :Advantages of Invest in Ripple 2021

• Ripple is being used in the real world by organizations like money transfer

• The supply is limited compared with other cryptocurrencies, so inflation is unlikely

• Uniform minimum commission can convert Ripple into any currency or value

5. Bitcoin Cash:

One of the best altcoins to invest in 2021 is Bitcoin cash. We could see heightened levels of demand in the months to come in 2021, especially if it begins to be used for everyday purchases. Bitcoin Cash was fabricated as a fork off of Bitcoin to address weaknesses in the cryptocurrencies. The aim of this is to optimize the network in order to be more useful for everyday transactions, making it a coin with potential practical value.

Cryptocurrency :Advantages of Invest in Bitcoin Cash 2021

• Bitcoin cash the overall scalability of the network increases and the fees of transactions decrease

• Safe against re-issuance and many factions

6. EOS (EOS)

one of the newest digital currencies in the list. EOS is designed after ethereum, so it offers a platform on which developers can build decentralized applications in it. EOS mining Includes a complex system of rules to govern this process, with the network will ultimately be more democratic and decentralized than those of other cryptocurrencies.

Cryptocurrency :Advantages of Invest in EOS Cash 2021

• EOS Uses smart contracts like Ethereum

• Transactions on the EOS network are free

7. NEO

It is a blockchain-based platform that supports its own cryptocurrency and enables the development of digital assets.NEOaims to automate the management of digital assets, with an eventual aim of building a distributed network-based smart economy system.

Cryptocurrency :Advantages of Invest in NEO 2021

• NEO generates an asset called GAS, which can be sold on exchanges, or used to fuel transactions

• Can process 10,000 transactions per second - fast processing means it’s well-liked and popular in China

8.Tether

Tether was one of the first and most popular of a group of so-called stablecoins, cryptocurrencies which aim to peg their market value to a currency or other external reference point so as to reduce volatility. Because most digital currencies, have experienced frequent periods of dramatic volatility,

Cryptocurrency :Advantages of Invest in Tether 2021

• A stable coin tied to the US dollar

• Reduced risk and speedier transactions

• Less volatile like other virtual currencies

9.Binance Coin (BNB)

Binance Coin is the official token of the Binance cryptocurrency exchange platform. Binance Coin has quickly risen to become the largest exchange of its kind globally in terms of overall trading volume. The Binance token allows Binance users to trade in dozens of different cryptocurrencies efficiently on the Binance platform.

Cryptocurrency :Advantages of Invest in Binance Coin (BNB) 2021

• Binance Coin token allows users to efficiently trade dozens of different cryptocurrencies on the Binance platform

• BNBto facilitate transaction fees on exchanges and can also pay for certain goods and services, including travel fees, and more

10.Monero (XMR)

Monero is a secure, private and untraceable currency. Cryptocurrency was launched in April 2014 and soon spiked great interest among the cryptography community and enthusiasts. The development of this cryptocurrency is completely donation-based and community-driven.

Cryptocurrency :Advantages of Invest in Monero (XMR) 2021

• Monero mining has a productivity design that can be easily mined on regular computers

• Complete security: uses 3 different technologies to hide the sender, the receiver, as well as the amount transferred

Jisha is a Senior Digital Marketer & Research coordinator