Which crypto is the most stable to invest in?
The inception of bitcoin gave birth to a diverse range of cryptocurrencies. As a result, the market is saturated with lots of digital assets and the number keeps growing. In this list , we rank up the top 5 cryptocurrencies you should buy in 2021.
Bitcoin (BTC) was the first cryptocurrency. It is also the main man in the industry and commands a huge fan base. The coin is already commanding a market capitalization of $1 trillion . Therefore giving the coin a 69% lion’s share of the entire cryptocurrency industry. Bitcoin traded it’s all time high this year in April at $64,000 against the US dollar.
Over the last one year, the digital asset has witnessed a growth rate of over 500%. Bulls are anticipating the coin will increase in price and attain $100,000 by the end of 2021. Some other bulls are even more positive and are expecting bitcoin to reach $300,000 by December.
Bitcoin is also a widely accepted cryptocurrency , with one of the highest liquidity.
The blockchain is also rewarding for miners.
Nothing should hold you back from buying Bitcoin, allocate a specific percentage of your investment portfolio to bitcoin.
You won’t be disappointed in the long term .
Vitallik Buterin created Ethereum with the aim of deploying decentralized finance. Today, Ethereum has supported a wide range of decentralized applications and pushed adoption of its native currency ETH. Ethereum is the second biggest cryptocurrency as well as the leading altcoin.
The rate of adoption of the Ethereum ecosystem is the main driving force behind the coin’s price. Given that Buterin’s goal was decentralizing the internet, the adoption of the blockchain will keep growing and the price will always soar.
Except for a few short term downsides, consider investing in Ethereum and wait for the price to grow spontaneously.
Presently , Ethereum is trading at $2,462 against the US dollar. Last year at a time like now, Ethereum was trading at $118.
The latest and most reasonable positive prediction for Ethereum indicates the coin will be worth $5,000 by the end of 2021.
Charlie Lee founded Litecoin as a means for non-technical persons to navigate the complex and often obscured world of cryptocurrencies. Litecoin serves Bitcoin much like silver serves gold. The best thing about litecoin is its speed. Confirmation of a Litecoin transaction takes only 3 minutes in comparison to the 10 minutes of confirming a BTC transaction. Miners have low system requirements for mining Litecoins, they can even use ordinary personal computers.
The ease of use of the coin is going to attract more investors, attention and adoption. All of these factors will be responsible for the growth of Litecoin’s price. The transaction costs are also cheap and affordable compared to both Bitcoin and Ethereum.
It’s worth noting Ethereum has bleeding most of its users due to rising gas fees.
People who have exited ethereum seem to be resorting to either Litecoin, Dash or Bitcoin cash so as to save on the transaction fees.
More users means high market capitalization. During press time, Litecoin is trading at $169. On 17th March 2020, Litecoin was trading at a meagre $34. Had you invested in 5.0 litecoins, that could be a whopping $100 plus.
Bitcoin Cash is a hardfork on the original bitcoin network. The coin has a huge following of supporters and also commands support from cryptocurrency big wigs such as Roger Ver.
Bitcoin Cash differs from Bitcoin in the sense of a bigger block size , which increases transaction speeds and lowers the fees. The coin bets its potential on scalability and speed.
Presently, the coin is trading at $602. This is double the price that the coin was trading at just a year ago. According to Smartereum, Bitcoin cash will hit a high of $6,700 by the end of this year.
Other bullish predictions indicate the coin will touch $1,000, $5,000 and $10,000 by the end of 2021.
Binance Coin (BNB) is a coin by leading Cryptocurrency exchange Binance. The coin was launched in 2017 on the Ethereum ecosystem but later transferred to the Binance decentralized exchange (DEX).
Binance DEX allows users to trade in blockchain tokens and cryptocurrencies. Users can trade using the Binance coin or convert it to other cryptos.
The DEX commands a very high volume and it’s the most liquid, owing to its huge user base. This platform ensures all traders using Binance coin receive a discount.
Binance coin is presently trading at $360 against the US dollar. Crypto pundits believe the coin will be worth $700 by the end of 2021.
If you are looking for a cryptocurrency to invest in, Binance coin is a good asset to get started.
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