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Monday, November 30, 2020

Top 8 Cryptocurrency to Invest in for 2021

 


If you have are interested in investing in cryptocurrency, you're on the right track! While there will always be skeptics, we have seen the tremendous rise of Bitcoin and other cryptocurrencies in recent years.

As these digital currencies become mainstream, many will wonder what cryptocurrency to invest in.

This guide will show you some of the best cryptocurrency for you to consider.

1. Bitcoin

This was the first cryptocurrency and it remains the most popular choice. Bitcoin saw a tremendous rise and fall in its early years. Its fall turned many off cryptocurrency altogether. However, wise investors saw this as an opportunity to buy as much Bitcoin as possible.

2020 saw the rise of Bitcoin once again and as we see economic uncertainty in the post-pandemic world, cryptocurrencies will rise in popularity. As Bitcoin was the leader of cryptocurrencies, it's likely that it will remain a great investment for years to come.

As the price of Bitcoin can be rather high at times, you can start by buying fractional amounts first. You can buy whole Bitcoins if you can afford to do so, but keep in mind that it can still be a volatile investment.

To make the most out of Bitcoin, you should accumulate as much as possible and wait. While the price peaked in 2020, you want to wait as it's likely to shoot up even higher.

2. Ethereum

This is another popular cryptocurrency that has become a favorite with investors. We suggest learning everything you need to know about Ethereum even if you never considered it before.

While this has not risen yet to the price of Bitcoin, this is a major advantage. It means that this is still affordable to the average investor. As this is a popular cryptocurrency, you can anticipate great returns in the future.

3. Litecoin

As with Bitcoin, Litecoin has a limited supply. There are 84 million Litecoins in comparison to 21 million Bitcoins. This larger supply, though limited, promises an easier barrier of entry for most investors.

It takes a shorter time to mine Litecoin which means that you can find it a much more favorable option for transactions. It's one of the most popular cryptocurrencies on the major exchanges. This is another reason to consider purchasing it.

It has very high liquidity, so you can expect to sell it for great returns shortly after buying it. This is one of the rare coins that might work for both short-term and long-term gains.

4. Basic Attention Token (BAT)

BAT is the official cryptocurrency of the Brave Web Browser. Brave is a web browser that is likely to rise in popularity. Its focus is on privacy and targeted-ads for its users. As privacy infringement on the internet rises, there is a greater need for a web browser such as Brave.

As a result, you can expect an increase in demand for BAT. If you can start buying as much BAT as you can now. You can also switch to using the Brave browser to earn BAT which you can later sell.

5. Binance Coin

Binance Coin is a great option to add if you have an abundance of Bitcoin and Ethereum. Usually, when investors have a large amount of these major cryptocurrencies, they struggle to figure out which are the great altcoins.

Binance Coin is the official cryptocurrency for Binance, which is one of the largest cryptocurrency exchanges. It's one of the rare cryptocurrencies that has risen without much volatility.

As the Binance exchange platform continues to grow in popularity, you want to consider investing in Binance Coin. You can choose to either buy smaller portions of the coin, or you can match your Bitcoin and Ethereum numbers with Binance Coin.

6. TRON

This cryptocurrency has not caught on but has the potential to be lucrative for avid cryptocurrency investors. If you have experience with cryptocurrency investing and have the capital, then consider investing in TRON.

TRON is primarily used to pay for published content or to "tip" content creators. As content creation continues to be one of the main drivers of the internet, you can expect such a cryptocurrency to gain traction.

TRON recently acquired the BitTorrent platform. This alone will bring high expectations to the coin. You can expect the demand for this coin to rise in the coming months.

As a result, you want to consider stocking up as much as possible. However, as its rise is based on speculation, make sure you only do this if you are an experienced investor. If you are a newcomer you want to focus on smaller fractions of TRON.

7. EOS

Fans of Ethereum will also enjoy investing in EOS. This is much faster and has a lower barrier to entry. It's a great option for beginner investors as well as for avid investors.

It has garnered a lot of interest, so now is the time to stock up on the coin. While it's still a new cryptocurrency you can expect it to rise in the coming years. The growth will likely be slow in comparison to other cryptocurrencies, but you want to strike while the iron is hot!

8. Ripple

While Ripple seems to have lost its initial glamour, one can expect to see a resurgence in the demand for it. Ripple is made for larger institutions such as banks, so one can expect a rise in demand after the economic uncertainty of 2020.

Since it has support from large institutions and isn't privy to SEC regulations, one can expect greater demand for this. As with some other cryptocurrencies on this list, this is based on speculation.

If you are an avid investor, you can make Ripple a large part of your portfolio. For a beginner investor, focus on smaller fractions and gradually work your way upward.

Now You Know What Cryptocurrency to Invest in

Now that you know what cryptocurrency to invest in, you can begin or continue your investment journey.

As a final tip, you want to make sure your portfolio is diversified. Focus on at least 2-3 cryptocurrencies from this list. You should have a mix of large shares (or whole amounts) of some cryptocurrencies and have smaller shares of others.

You can find more great content on cryptocurrency and investing tips on our website!

 

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