What is the best cryptocurrency to buy on Binance in 2021

December 10, 2020

Reading Time: 5 minutes

The cryptocurrency ecosystem has evolved with a plethora of diverse choices available to anyone at any time. With over $460 Billion shared among 7000 different cryptocurrencies, each has its unique liquidity, prices, functionalities, trends, and market movements. The cryptocurrency ecosystem has become a staple in almost every trader’s portfolio. The volatile market movements and unpredictable nature of the cryptocurrency market enabled traders to make millions today.

Coherently, to make consistent profits in this ecosystem requires a lot of research, experience, intuition, and foresight. The market is filled with many opportunities; However, finding the perfect exchange, platform, and asset can be quite challenging for every trader.

Binance has evolved into a household name when exchanging, trading, buying, or selling cryptocurrencies. Operating their headquarters from Malta, the platform is at the cornerstone of most traders’ portfolios. This is one of the best cryptocurrency exchange with an array of diverse options ranging from trading, exchange, buying, and selling cryptocurrencies, different trading and holding strategies, different contracts, and more.

With 2021 just around the corner, Experts predict the coming year might be the best year to invest in cryptocurrencies. This article will be diving into a list of top 10 cryptocurrencies that we think are expected to explode in the coming year. Conclusively, we have to emphasize that there’s no single best cryptocurrency in the market.

2021 – Cryptocurrency Jackpot

Bitcoin

Bitcoin is the top dominant cryptocurrency in the whole crypto space, raking in $300 Billion in market capitalization accounting for over 60% of the Cryptocurrency market’s total market cap. Bitcoin is the headline of every discussion today; it is the most used cryptocurrency to date.

Bitcoin’s reign over the market has yet to reach its peak; Bitcoin continues to dictate the market as it strives to become a global, peer-to-peer digital currency that is decentralized. Traders worldwide are trading Bitcoins non-stop, and interestingly, Bitcoin can be dubbed as one of the most stable cryptocurrencies available despite its notorious volatility.

With 2.6 million Bitcoin yet to be minted, the demand for the asset surges with each passing day, and with it, Bitcoin’s price is expected to rise substantially, considering there will be only 21 million coins in existence.

Litecoin

Litecoin has been at the forefront in the cryptocurrency market as it is the next best thing after Bitcoin. Considering its high liquidity and large market cap, It’s easily a go-to asset. With a finite supply of 84 million in contrast to Bitcoin’s 21 Million coins, Litecoin is closely following Bitcoin’s footsteps.

Litecoin was introduced as an improvement to Bitcoin’s transaction times. With lightning-fast transactions in contrast to Bitcoin and other cryptocurrencies, Litecoin averages around 2 minutes to aggregate a block into its Blockchain.

Litecoin also is crowned as the top four assets on Coinbase. Experts illustrate that Litecoin’s reign will persevere the tides of time. In 2021, Litecoin will have the high probability of becoming one of the ideal cryptocurrency among the other cryptocurrencies available.

Ethereum

Ethereum is undoubtedly a leader on its own. The cryptocurrency has introduced various innovations into the market, such as smart contracts. With more innovations and mechanisms soon to be introduced, Ethereum is a perfect choice heading into 2021. 

Ethereum’s smart contracts have allowed millions of developers to launch an array of useful decentralized mobile and desktop apps, allowing traders and users to take advantage of different mechanism that was introduced by these apps.

Ethereum has been ruling the cryptocurrency market alongside Bitcoin as the second most liquid cryptocurrency. Moreover, Ethereum’s tokens – Ether has an enormous supply compared to Bitcoin and Litecoin, making it less likely to face issues such as scaling or becoming a closed economy.

With Casper released and still under development from the team, Etheruem has yet to show its true colors.

Basic Attention Token

BAT is an upcoming cryptocurrency that continues to surge and emerge throughout the years. Experts predict BAT is well prepared for the coming year, 2021. The utility token utilized by Brave Browser is actively used to appreciate content creators with tips as well as anyone you find on the Internet.

As more people transition into using the ad-free, private, and secure Brave browser, the asset has a bright future ahead of itself. Interestingly, you can also get rewarded in BAT by watching ads on their browser.

Conclusively, the demand for the coin is expected to surge going into 2021 as more people integrate the Brave browser into their daily digital lives.

Cardano ADA

Cardano is gradually climbing up the ladder thanks to its infamous Ouroboros blockchain. The blockchain essentially relies on two blockchains that work together. One blockchain handles the transactions on the network, and the other blockchain deal with smart contracts.

The third-generation cryptocurrency is certainly making tides in the ocean of crypto giants, as it follows in the footsteps of Ethereum’s proof of stake algorithm. Interestingly, priced at almost 10 cents, Cardano is inching towards a $4 billion market cap as it heads towards 2021.

Bitcoin Cash

Forked from Bitcoin’s blockchain in 2017, Bitcoin Cash has been the highlight of crypto whales’ attention. Bitcoin’s supporters express their disappointment in Bitcoin’s failure to hold to its motives; Bitcoin Cash attains their dissatisfaction with its innovation and improvement to the underlying Bitcoin protocol and system.

With its market cap peaking at $9 billion in 2020 as each coin is priced at $500 per coin, Bitcoin Cash has much room to grow in 2021.

Binance Coin

Binance coin might easily be one of the must-buy coins in 2021 if you want to diversify your portfolio and if you own notable coins and tokens. Binance has become a household name when it comes to cryptocurrency exchanges. With the introduction of their decentralized exchange and blockchain, Binance coin surged through the rankings and is currently ranked at the top 10 liquid assets on CoinMarketCap.

Tron

After acquiring BitTorrent, Tron has made its place in many traders’ watchlist considering its potential to develop more secure and decentralized torrenting methods. The ERC-20 token is one of the few tokens that has made it into Ethereum’s main net, with over 4 million accounts registered.

Going into 2021, TRX is currently ranked at 15 on CoinMarketCap based on Market capitalization and is expected to surge as more users use their product.

EOS

EOS, dubbed as the Ethereum killer, is an innovation that addresses the shortcomings of the Ethereum Network across the globe, such as Litecoin has addressed the issues with Bitcoin. Interestingly, EOS has persevered through the barriers Ethereum had to go through as it developed.

Today, EOS is home to some of the best-decentralized apps in the market and is expected to bloom in 2021 as it develops into its full potential. Investors and traders are already on-board with its technological advancements and advantages over Ethereum’s network.

Ripple

Ripple has closely followed Ethereum and Bitcoin in the rankings based on Market capitalization throughout the years. While Ripple’s primary goals may differ from other cryptocurrencies, it is undoubtedly an asset to consider when going into the coming year.

The venture-backed startup offers an array of diverse settlement serves to banks, allowing them to make transactions instantly or directly across national borders easily. As large financial giants such as Mastercard, Visa, and Paypal adopt cryptocurrencies, Ripple is expected to explode in 2021 following its institutional support from major payment giants U.S. government.

Conclusion

Investing in Cryptocurrencies is always a risky process, and it still requires a lot of research, experience, foresight, and knowledge. These Cryptocurrencies are expected to explode and bring in consistent profits; however, anything could happen in the market.

Ideally, you should put a lot of research and form a sound technical analysis of the asset before throwing money at notoriously volatile and risky cryptocurrencies. While the cryptocurrencies mentioned above are considered safe, you should put a lot of effort into analyzing and monitoring their movements.

Cryptocurrencies are expected to explode worldwide as they’re slowly adopted and advocated by financial giants worldwide going into 2021.

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