Do you own any Cryptocurrencies? If no, then this might be the best chance to buy Cryptocurrencies. With the recent successful rally, the price of Cryptocurrencies is soaring high. Hence, if you can HOLD it for a couple of years, you might see a high return on your investment.
Though the current market lacks the right regulation methods to regulate Cryptocurrencies, you will hold the first-mover advantage if it does in the future.
While Cryptocurrencies continue to skyrocket their price evaluation every day, many experts believe that it’s not going to stop any time soon. The price of the Bitcoin on New Year’s Eve has already crossed $29K. It is believed Bitcoin will reach $50K by the end of 2021.
Seeing how Bitcoin and Ethereum performed in 2020, it is expected that they will continue to perform in 2021. If you want to take this opportunity to enter the Crypto trade market, you might find the Ethereum code helpful.
Why Invest in Cryptocurrency In 2021?
The investment and trade market are going through a rigorous change. Hence, it’s seen as a viable option to ride the investment trend waves to make the best of your investments.
The cryptocurrency market has shown far greater potential compared to fiat currencies. Many experts have started believing Cryptocurrencies to be the future money.
The early investors of 2020 have seen their $1 Crypto assets growing into $5 assets with coins like Cardano. It was the only asset that has performed even in the pandemic.
The market is changing rapidly. And with the possibility of the Cryptocurrency being adopted on a larger scale, the price will keep on surging.
Best Cryptocurrency to Invest In 2021
Over a decade, a mysterious man Satoshi Nakamoto introduced the first Cryptocurrency, Bitcoin, in the market. Since then, there has been a surge of new Cryptocurrency in the market.
Though the exact numbers are not clear, the rumors say that the market has seen more than 8,000 currency. Some were successful, while some failed miserably.
As 2021 has already started, we present to you the top Cryptocurrencies you can invest in.
1. Bitcoin (BTC)
There is no way Bitcoin is missing out of this list. Bitcoin is the firstborn of the Cryptocurrency industry. Since then, it has held that advantage. In fact, it has more than 50% of its market capitalization.
The Bitcoin we know today has gone through some major changes in the last decade. Initially, people hardly cared about their existence. However, when its price, for the first time, hit the $20K mark, people realized its potential.
Even during the pandemic, when all the assets were performing below the red mark, Bitcoin was able to maintain its performance. This gave people hope and boosted trust in the new for on currency. For more information you can visit here The Crypto Genius
2. Ethereum (ETH)
One of the main philosophies behind Cryptocurrencies is their decentralized nature. However, Ethereum takes this a step further. Ethereum, rather than decentralized currency, aims to decentralize the internet by replacing the servers with the nodes distributed worldwide.
Ethereum is a network that supports Ether Cryptocurrency. It is the second most used Cryptocurrency in the industry and is mostly known for its smart contracts.
3. Litecoin (LTC)
Cryptocurrency might seem very simple and easy to use technology. But that is not how it works. It is a complex process with complex mathematical computing for every transaction. Hence, it becomes very difficult for new investors to get a hold of Cryptocurrency.
However, Litecoin is different and was created for the sole purpose of lifting off all the complications. For instance, if Bitcoin takes more than ten minutes to complete one transaction, Litecoins will only take half of that time.
Also, Bitcoin requirements for computing power are lesser compared to other Cryptocurrencies.
Final Take Away
Initially, you might find that Cryptocurrencies are not the best choice to make an investment. However, once you are in this industry and understand this industry’s work, you will enjoy your stay. This industry is not only interesting compared to the conventional trade market but also yields a high profit.
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