With more than six thousand cryptocurrencies in the digital market amid moments of volatility in the wake of the Covid19 pandemic, choosing the best cryptocurrency to invest in can be challenging. That should not mean investors should refrain from investing in cryptocurrencies because of the precision involved in choosing a profitable coin to trade with.
Thanks to mycryptoparadise experts that have dedicated their resources in analyzing the crypto platforms worldwide. Our team of experts has predicted that 2021 is the year for cryptocurrencies to bloom and gain full momentum. However, choosing the best cryptocurrency with the uncertainties amid the coronavirus pandemic might be a tough hurdle on the side of the trader.
In this piece, the top 10 best cryptocurrencies to Invest in 2021 have been covered, in conjunction with reasons why they should be among the top cryptocurrencies to buy at the moment and in the future. They are as follows:
Since its inception in the market in 2009, Bitcoin has dominated the market and it has so far retained the title of ‘king of cryptocurrencies’. The chances of its status shrinking recently are very minimal. According to cryptocurrencies prediction, Bitcoin is set for its strongest year and stands top among the other altcoins to buy in 2021. During the peak of the Covid-19 pandemics in March 2020 that affected the market value of the Bitcoin, bitcoin made a rapid recovery from as low as $ 4,700 in March to a staggering $9,000 by July and its price now stands at $ 10,786.74. This is a great recovery that is worth considering when it comes to choosing the cryptocurrencies to trade in 2021. According to Citibank, the price of the Bitcoin could rise to a whopping amount of up to $120,000 in 2021.
Ethereum is a close competitive blockchain platform for Bitcoin. It stands among the top 10 cryptocurrencies to invest in 2021. Ethereum has maintained a strong market cap since its inception in the market in 2015. Despite the chronic impact of coronavirus that affected almost all cryptos, Ethereum has been relatively resistant, thus stands out to be an investment-worthy venture in 2021. In September, the value of the Ethereum reached $ 480 (its highest price in the year 2020). The surge in price was contributed by the growth of decentralized finance (Defi) and support on crypto, which are aligned to the Defi sectors. In 2020 alone, Ethereum has realized $ 13.5 billion worth of decentralized exchange as compared to 2019 where it was barely below $ 3 billion. Besides, Ethereum is about to launch Ethereum 2.0 (long-awaited upgrade) before the end of 2020 that will make it more efficient and could explode its price in 2021.
The list of top 10 cryptocurrencies to invest in 2021 cannot be complete in the absence of Litecoin. In 2017 Litecoin exhibited strong performance with growth that exceeded 8000% and a market capitalization of up to $ 3,041,812,279. Therefore, it’s worth considering Litecoin if you want to invest in digital asset in 2021. However, some investors view Litecoin as a Bitcoin spinoff. It is wrong to disregard this crypto based on such views. Litecoin is more efficient than Bitcoin. For instance, in Bitcoin, you can take up to 30 minutes to process a blockchain as compared to Litecoin, which takes less than 10 minutes to process a blockchain. Due to the launch of Lite Bringer on the Litecoin blockchain, there has been an increase in a transaction that could increase the value of Litecoin from $ 46.82 to $ 600 in 2021
- Bitcoin cash
Since its launch in 2017, Bitcoin Cash garnered a lot of attention. Bitcoin cash is among the top 10 Crypto to aim for in 2021. It was started as a scalable branch of Bitcoin when the traders raised alarm over Bitcoins’ scalability. Currently, it is the fifth-largest crypto globally with a market cap worth $ 4,290,477,304. The blockchain platform is working towards implementing smart contracts (big contraction) and may create Bitcoin SV. Furthermore, Bitcoin Cash offers cheap transaction cost and investment. In 2020 in February the market of Bitcoin Cash almost reached $ 9 billion translating to $ 500 per coin. Therefore, Bitcoin Cash should be part of your priority when it comes to choosing the top 10 cryptocurrencies to trade in 2021.
Tron was originated from the Ethereum network. It was launched in 2017 and currently uses a ‘proof-of-stake’ algorithm in its transactions. The current market cap value of TRON stands at $ I, 879,650,945 with a price of 0.026230. As more people start to embrace the TRON blockchain platform and the chances of TRX increasing is very high. The platform currently hosts multiple decentralized apps as compared to Ethereum making it stand out among the top 10 cryptocurrencies to buy in 2021.
- Cardon -ADA
According to Selkis the CEO and founder of Messari, (an organization that research on crypto assets to give pricing data insights) Cardon may jump to the fifth position from the tenth position among the biggest crypto globally. Its current market cap stands at $ 3,237,470, 460 and may rise up to than $ 4,000,000,000 to enable it secure fifth position. This is possible since the market capitalization is dependent on price and by the end of 2021 the price of Cardon could exceed $ 1.50 and that would be a huge profit as compared to its current price that stands at $ 0.103961. Besides, the Cardon has released Hydra that will improve its efficiency and smart contracts off-chain that will put it the fastest cryptocurrency in the world. What a brighter feature! Consider Cardon among the top 10 cryptos to invest in 2021.
- Ripple (XRP)
Ripple is among the top 10 cryptos to trade in 2021. Ripple is ideal for cautious investors. Currently, Ripple is the fourth biggest cryptocurrency globally with affordable prices as low as $ 0.024. In light of some prediction, the price of Ripple is likely to increase gradually through the year and likely to reach $ 2.94 by December 2021.
- Tezos (XTZ)
Globally, Tezos is ranked number 20 among the biggest cryptos. Its performance is likely to improve soon, according to Trading Beasts; Tezos is likely to grow gradually causing an increase in value from $ 2.15161 by the end of November 2020 to $ 2.21197 in 2021. Another good news about XTZ is its selection by financial group Elevated Returns that needed a blockchain platform to help real estate investors access tokenized offering worth $ 1.6 billion. This will be great milestone and is set to begin before the end of 2020. Thus, Tezos is worth to be considered a lucrative coin to invest, in 2021.
- IOTA (MIOTA)
The future of IOTA is bright. The blockchain is designed to help in a transaction among devices in internet of things. Currently, IOTA has partnered with organizations in the manufacturing industries, insurance industries, and automobiles thus stand among the top 10 cryptocurrencies to capitalize on the development of the Defi sector. According to the crypto news site, IOTA values could reach $ 38 before 2025. That is a good improvement from its current price that stands at $ 0.286756. However, if the projection sounds more optimistic, then why don’t you try it and thank Mycryptoparadise later for the info.
- Binance Coin- BNB
Binance Coin is among the list of the top 10 cryptocurrencies worth to be considered in 2021. The organization behind BNB has a reputable business track record and an experienced team behind its main business (Utility token). Currently, there is a high demand for its utility, and its success is proof to prospective investors that they have the required skills and resources to take the coin to greater heights. Despite volatility, its volume has been consistent and its price triples in the previous years. Therefore, it is worth considering it when you want a top cryptocurrency to buy in 2021.
In summary, the list is mycryptoparadise’s with best cryptocurrencies that according to our team of expert they are certainly flourish in 2021. However, it is your choices as a trader to make a decision on the whether to opt for the above list or do further research to determine the most suitable when the new year finally dawns. We encourage you to consider subscribing to Paradise Family VIP for top-rated Binance and BitMEX crypto signals that will enable you trade like a professional.