Best Cryptocurrencies: Who to Invest in During 2021

February 5, 2021February 5, 2021 ahmed

The popularity of Cryptocurrencies has been rising rapidly throughout the past 10 years, since the release of Bitcoin. These platforms have become a well-known and accepted option for many investors, as well as usage by the average person. They offer many profits and gains, which make them highly favored platforms for both buyers and sellers.

All of these platforms have demonstrated their solid foundations and capabilities. Each cryptocurrency provides efficient, modern options for buying, selling, and trading that were not possible in the past.

Cryptocurrency Offers Low Investment Prices

This means that anyone can get involved. You don’t need to have a lot of money in order to participate. Instead, you can invest in smaller fractions, making payment more feasible for people of any socioeconomic status. It also has significantly lower fees, especially compared to stock trading.

Cryptocurrency Emphasizes Liquidity

These exchange platforms are available all day, every day. This allows room for buying and selling at any time.

Cryptocurrency Provides Privacy

Many cryptocurrency platforms are designed in a way that ensures your privacy in your buying and selling efforts. This is similar to the manner in which cash is used, as it provides the same kind of anonymity in money transfer.

For example, Drixx provides many benefits for crypto derivatives exchange. If these results are intriguing to you, or you are just curious about these platforms, here are a few of the best Cryptocurrencies to invest in during 2021.

Bitcoin (BTC)

One of the most well-known cryptocurrencies is Bitcoin, as it is the first and original version, invented in January 2009. Bitcoin’s profits spiked in December of 2017, as their prices hit about $20,000. Since then, their prices have surged to over $40,000, as of January 2021, earning them a total of over $1 trillion. This means that Bitcoin makes up almost 70% of the crypto market, speaking to its credibility and popularity. One of the main perks of Bitcoin is that it assures liquidity for short term. Their transactions also take about 10 minutes to confirm, further enhancing its rapid delivery and efficiency. Overall, Bitcoin is the largest cryptocurrency in the world, and is projected to maintain its high standing.

Litecoin (LTC)

Litecoin is built for the people who don’t understand the complex technology that goes into cryptocurrency. It was created to be a “lite” version of Bitcoin, which utilized many of the best aspects of Bitcoin, but also making it easier to navigate. Their transactions take less time to accomplish than Bitcoin, resulting in about 3 minutes. This is due to its faster block generation rate, which produces the quick transaction confirmation time. It also has fewer system requirements, which creates a faster and easier process for its users. In addition to this, it is much cheaper, offering another plus for its users. As of January 2021, Litecoin has a token value of $153.88, leading to a $10.1 billion market cap. This makes it the sixth-largest cryptocurrency worldwide.

Ethereum (ETH)

Ethereum, founded in 2014, is also a platform that is based off of blockchain technology. One of the brightest ideas of Ethereum is that their goal is to decentralize the internet rather than decentralizing currency. They have been working on replacing servers with a system of nodes in order to create one giant “computer”. It allows for Decentralized Applications to run without downtime or fear of fraud, which is a concern for many users across all cryptocurrency platforms. Ethereum is currently the second largest cryptocurrency in the world. As of January 2021, this platform’s market cap is about 20% of Bitcoin’s. Its market cap is $138.3 billion, and per token value of $1218.59. Many of the biggest names in the business, such as Microsoft, Chase, and J.P. Morgan are creating versions of software that utilize Ethereum, emphasizing its influential status.

Cardano (ADA)

Cardano is a cryptocurrency that was created through a research-focused approach. Charles Hoskinson, who was one of the founding members of Ethereum, co-founded this project as he had some disagreements with the Ethereum team. The Cardano team created its blockchain through peer-reviewed research, creating a foundation for Cardano. This intense process led Cardano to stand out amongst other cryptocurrencies, especially as its capabilities seem to be more advanced. However, it is still in its early stages. It has been predicted to expand and excel, but it still has a way to go before the entirety of its progress is achieved. As of right now, Cardano has a market cap of $9.8 billion, giving it a prominent and reliable reputation.

In a modern, digital age, Cryptocurrency is a clear choice to pursue and invest in. These platforms have been steadily increasing over the past decade and has become a popular option for people looking for a solid investment. These platforms all seem to provide a foundation that is private and secure, which is a priority for many people when using cryptocurrency platforms. They all are also building on each other. This is a competitive industry, and each platform is set on outperforming the others. These competitions have been shown to produce quick results, creating efficient transactions, and high reliability. Whether these platforms are big or small, new or old, they all show the capability for success and extreme growth.