We will look into the best crypto or cryptocurrency to invest in 2021, but first, let’s try and understand what cryptocurrency is. According to Wikipedia Cryptocurrency “is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of the computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership”
For all you cryptocurrency followers, especially the first-timers or newbie’s looking for the actual best cryptocurrency to put(invest) your money in for 2021? To tell you, there are a lot of crypto coins or altcoins out there also with new ones coming in day in and day out and to find the right crypto gem will mean a lot of hours, days, or even weeks into researching for that perfect altcoin. For a newbie, whose looking to make the first step into cryptocurrency investment can be quite frustrating. And we making it very simple for you with this article.
Investing in cryptocurrency is one of the good things you can get for yourself in 2021, but unlike any good thing, there’s the bad side. And in this case, You can lose money in crypto and you can gain money in cryptocurrency.
CRYPTOCURRENCY MARKET OVERVIEW
The biggest win for cryptocurrency we all know is bitcoin, from the early stages in 2009 when one bitcoin price was less than a dollar. Looking back! Woah…and to now, one BTC worth almost $50k. From fintech company PayPal accepting BTC in 2020 to Tesla Electric Vehicle maker investing about $1.5bn in BTC as a way to diversify away from the dollar. The biggest win for the cryptocurrency is when Bitcoin(BTC) hit $1 Trillion In Market Value recently.
Cryptocurrency has created a big opportunity for all to capitalize all thanks to Satoshi Nakamoto who created the first cryptocurrency which is bitcoin or BTC
In the post, we’ve outlined a few cryptos that we believe will be worth your money. But we will like you to know these are based on our findings and not backed by any data.
What Are The Best Cryptocurrency To Invest?
- Cardano (ADA)
Ada a token of Cardano, named after Ada Lovelace: a 19th-century mathematician who is recognized as the first computer programmer and the daughter of the poet Lord Byron. Ada has been around for a while, since October 2017 when Ada was issued at $0.00260. Cardano platform is powered by the ADA coin.
Ada is currently ranked 3rd on the list of largest cryptocurrencies by market capital of $40bn and a circulation supply of 31,948,309,400. The Ada coin is currently at $1.10 per coin as of now.
Polkadot is one of the best cryptocurrencies out there, unlike the ADA coin Polkadot has been around for a while now. They recently launched their own ecosystem for other altcoins to be built on top. Some of these coins are Chainlink, Kusama, Reef, Polkastarter, etc. Right now, one Polkadot is worth $32.
Another decentralized cryptocurrency that recently entered the cryptocurrency world. This cryptocurrency particularly runs on Ethereum technology and is the world’s second-largest cryptocurrency project by market capitalization. The price of one Uni is $27, ranked number 8, and a market Capital of $14bn.
Last on our findings for the best crypto to invest in 2021 is Compound.
Compound is the 3rd largest cryptocurrency project in the world of Decentralized finance. The Compound protocol is a decentralized finance platform dedicated to borrowing or lending supported assets. It utilizes smart contracts to lock up collateral and generate interest based on market demand. Comp currently is ranked 46th in the list of largest cryptocurrencies. This coin is worth $482 as of now and with a Market Capital of $2bn.
The cryptocurrency market is one of the hottest investment sectors right now. A lot has made millions of bitcoin and many more have lost their money too. We advise you to invest with caution. Best crypto to invest in 2021, we hope this helps
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Which Cryptocurrency will explode in 2021?
There are a lot of cryptocurrencies to look out for. Some are already exploding and others will need a bit of time
What is the best Cryptocurrency to buy in 2021?
For all cryptocurrency followers, especially the first-timers or newbie’s looking for the actual best cryptocurrency to put(invest) your money in for 2021? To tell you, there are a lot of crypto coins or altcoins out there
Best altcoins to invest in 2021
we’ve outlined a few cryptos that we believe will be worth your money. Cardano, Comp, Dot, Uniswap