Top Cryptocurrencies You Need To Invest In
Top 5 Cryptocurrencies to Invest in 2021
Cryptocurrencies have been taking the world by storm since Bitcoin was first launched in 2009. In fact, there are now over 7000 to choose from! But never fear, because this list will help you choose from the best and most promising cryptocurrencies for 2021.
Litecoin is a great cryptocurrency for beginners, as it was created for those who want to invest but are not experts in blockchain technology. It was intended as a ‘lite’ version of Bitcoin and it is much easier for ordinary people to invest in because it does not require a computer with high processing power. Litecoin also has high liquidity and a large market cap, which makes it a low-risk investment. It only takes about two minutes to complete a Litecoin transaction, so why not get in on the action?
Since its inception, Ethereum has consistently been one of the top 10 cryptocurrencies, and it is likely to remain that way decades into the future. Ethereum is a software-based platform based on blockchain technology in which users exchange a currency known as Ether. Second only to Bitcoin in terms of liquidity, you will have no issues buying or selling Ether. In contrast to Bitcoin and Litecoin, Ether is much less limited in terms of how many tokens can exist, meaning it is less likely to become a closed economy.
Binance Coin (BNB)
Binance coin works similarly to Ethereum, and was in fact originally hosted on the platform, until the Binance Decentralised Exchange (DEX) was launched in 2017. On this platform, you can not only buy and sell Binance coins, but you can also use BNB to convert one cryptocurrency to another. This gives BNB a high level of utility which makes it in high demand. BNB is one of the fastest growing cryptocurrencies and experts have expected its value to continue to rise in the coming year.
Although there are a plethora of cryptocurrencies emerging each year, there is a reason why Bitcoin still dominates the market. Bitcoin has had its fair share of challenges, but it always seems to come back on top. It is the currency with the highest liquidity in the crypto space, which makes it great for beginner investors. Also, because of its popularity, you will never have trouble selling Bitcoin or using it at sites like https://www.blacklotuscasino.com/.
Cardano entered the cryptocurrency game in 2015 and has been a strong player ever since. In fact, Cardano’s ADA coin is currently the third largest in the market. What makes Cardano unique is its Ouroboros blockchain, which is more like two blockchains working in tandem. One deals with ordinary transactions while the other handles smart contracts. This enhances efficiency and scalability, as the two types of transactions will not hamper each other.
Shares are currently very affordable, but it has a market cap of a whopping $30.7 billion. Many experts have predicted Cardano to continue to grow in strength, so it’s a good idea to hop on this train now.