Today, our article discusses the top 5 cryptocurrencies in 2021, which dominated the digital world and achieved higher profits since their early start. It is a fact that making money using any cryptocurrency is multimodal. Someone may succeed in making money on mining, another is special in trading, while others, who have good endurance and strong confidence, become great hodlers. But I still agree that there are definite coins, which can help you, as a new trader, make decent money in a short period.
For that, we, together with economic experts, have identified the most promising tokens for the second half of 2021, hoping that you make the final decision, which can increase your investments and enrich your experience in a new world where human life becomes a digital one and its activities and services are based on the concept of computation and quantum mechanism.
Here Are The Top 5 Cryptocurrencies
First, it is worth answering the question: “Why do people invest in cryptocurrencies?” Since 2017, cryptocurrencies, especially Ether, Bitcoin, and Ripple, are often used as payment for goods and services. Global companies such as Apple, Tesla, and Paypal are investing heavily in cryptocurrency fields.
The question here is, “Why do these companies prefer that modern technology?” The first reason is legitimacy. The second is the developed infrastructure.
Compared to stock exchanges, crypto trading platforms are open 24/7. Withdrawing funds is no longer a problem, and you can always use cryptocurrency exchanges. The third is the low entry threshold. In contrast to other mining platforms, you can start with $100, which requires at least a few thousand “green” ones.
Our choice settled on the top 5 cryptocurrencies. Although we analyzed 20 cryptocurrencies, we decided to be safe. So, we identified the most promising ones. Our list includes such giants as Bitcoin and Ether and small projects with a market value of less than a few billion dollars. Here is a list of 5 tokens that we endorse:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Chainlink (LINK)
- XRP (Ripple)
2 Things You Must Do Before You Start Trading
Before you start trading, you need to do these 2 things! At first, select the platform that provides the coin you will buy. If you are a beginner, we advise you to use cryptocurrency exchanges.
In large cities like New York, Moscow, and Beijing, you can do that in a matter of minutes. Just choose the exchange platform with the best rate and select services that monitor cryptocurrency rates. There are free websites where you can select the best rate and save money.
Following this, you will create a cryptocurrency wallet. To keep your digital assets safe, select a wallet that suits all your needs. There are separate, specialized wallets for each currency. For example, for Bitcoin, there is Coinbase, and for Ethereum, there is MyEtherWallet.
Bitcoin Is The King
Investing in Bitcoin is the safest option. It is the most expensive, stable, and popular currency. Some statistics indicate that if you had actually invested $100 in Bitcoin in 2009, you would have received an income of $9.2 million. For comparison, having invested in Amazon shares in 2009, you would have received 3.3 thousand dollars.
Bitcoin has enviable resilience, complete dominance in the market, and continued importance to the cryptocurrency ecosystem. Bitcoin is also the favorite cryptocurrency, which investors are racing to get. Its market value is greater than that of other currencies – a whopping $583 billion!
Traders will continually benefit from high liquidity regardless of market conditions. Although critics find that Bitcoin is volatile, the coin has shown consistent growth over the long term.
Ethereum Is The Second Power
One of the top 5 cryptocurrencies, which proved efficiency and creditworthiness, is the Ethereum coin. It is a very successful asset, as it achieved a growing deficit through the past year, mainly after Ethereum 2.0 has been launched. Users are delighted with Ethereum’s transition to the Proof-of-Stake algorithm. This can help accelerate Ethereum transactions and make them run smoother decentralized applications.
Obviously, Ethereum is a good investment option because it has been among the lead cryptocurrencies, including Bitcoin. It is expected that in the long term, ETH will become the most promising cryptocurrency. The only drawback is the net commission that seems highly costly; however, that problem will soon be resolved in ETH 2.0. The expected growth will reach 37%.
Litecoin Currency – Bitcoin Younger Brother
Litecoin (LTC) is based on the Bitcoin protocol. So, it has a lot in common with its older brother. Like Bitcoin, its supply is limited, with about 84 million Litecoins; as of November 2020, miners have mined about 65 million Litecoins.
Litecoin is easy to use. It is 4 times faster than Bitcoin, making sending and receiving payments as fast as sending a message on Telegram. Litecoin also has very low fees – in many cases, they are cheaper than the credit card charges.
Chainlink Is The New Leader
One of the leading digital currencies with the highest return on investment is Chainlink. It suffices to state that in 2020, the coin rate rose from $1.50 to $20. This growth made Chainlink the most profitable project among the top 5 cryptocurrencies. If the rate develops further, this cryptocurrency will have a real chance to become one of the leading digital coins in 2022.
XRP (Ripple)
Ripple is another ambitious project. Since February last year, the coin value has grown by 1200%. Sustainable implementation is the XRP slogan. If the project developers continue to follow their current strategic plan, the cryptocurrency will continue to rise in price. When reading statistics and data analysis, cryptocurrency experts always emphasize that Ripple value will double during the next few years.
In early 2021, the coin was worth a quarter of a cent, and experts predicted its value would increase. Analysts confirmed that it would grow by a couple of dollars by the end of the year. Recently, experts are more optimistic. For example, some analysts predict a rise to $10 by the end of this year. They revealed that in 2022, the price could rise to $22.
Can You Invest And Harvest?
It is challenging to take the first step into the world of cryptocurrency: everyone around is talking about market volatility, while many do not know how digital assets work. The most valuable advice we can give you is to be ready for significant losses. If you are afraid to lose half the value you invested in, you can hardly wait for the price to recover.
The second tip is to diversify your portfolio and to start with more established and time-tested cryptocurrencies. Sometimes when bitcoin falls, XRP can go up.
The third and perhaps most important piece of advice is to consider a safe place for your investment. You ought to only use trusted crypto exchanges when you want to buy coins. For monitoring, you can surf specialized websites, and there, you can find the best rate and hundreds of reviews.
Finally, we wish you a good journey, inviting you to invest wisely. The top 5 cryptocurrencies are in your hands, and the decision is only yours.
