Are you starting to invest in cryptocurrency this year? What is the best cryptocurrency to invest in 2021? Here are the 10 best choices for profitability.
Personal Finances

What Is the Best Cryptocurrency to Invest in 2021? 10 Best Options

Did you know that the first item purchased using Bitcoin was a pizza? It happened in 2010 when two pizzas were sold for 10,000 Bitcoins. With Bitcoin’s current value, those pizzas would cost almost $90 million.

It’s no secret that many people wish to buy cryptocurrencies as their value continues to increase. With cryptocurrencies like DogeCoin and Etherium increasing in value, there are many different options for you to buy cryptocurrency.

But where can you learn how to buy cryptocurrency? And what is the best cryptocurrency to invest in 2021? You’ve come to the right place.

Continue reading to learn more about the ten best cryptocurrencies that you should invest in this year.

What Is the Best Cryptocurrency to Invest in 2021?

The first step to investing in a cryptocurrency is to know where to purchase them. The best place to invest in cryptocurrency is Paypal or at cryptocurrency exchanges. 

You’ll also want to get a cryptocurrency wallet set up before you begin investing in cryptocurrency. This will provide a blockchain link that lets you access your crypto. 

Now that you’re aware of the essential steps to take before investing, here’s a look at the ten best cryptocurrencies to invest in for the year 2021.

1. Bitcoin

Bitcoin is the classic option when it comes to cryptocurrency. It is easily the most recognizable and popular type of crypto on the market today. It also has the highest liquidity of any cryptocurrency.

Bitcoin aims to be a decentralized currency that is global and that has no regulations. While cryptocurrency is a bit volatile, Bitcoin is steady and consistent in its value. 

As valuable as Bitcoin is today, it is expected to continue growing in value over the coming years as more vendors accept it as a form of payment. You can learn more about Bitcoin units here.

2. Litecoin

Litecoin is another popular option for cryptocurrencies with the best growth potential. Litecoin has a high amount of liquidity and market capital among cryptocurrencies. It is limited to only 84 million Litecoins but has a block reward of 12.5 Litecoins. This is higher than other cryptocurrencies.

It is the quickest type of crypto for miners. The typical time it takes to mine one Litecoin is only two minutes. Litecoin is one of the types of cryptocurrency that is likely to take off over the next year.

3. Ethereum

Ethereum is famous for introducing smart contracts to the cryptocurrency world. Smart contracts allow developers to build mobile and desktop apps that use blockchain technology. 

Ethereum is another steady and reliable form of crypto, as it has remained one of the most valuable crypto options since its inception. While not as stable as Bitcoin, it is a great option for a safe investment.

4. Binance Coin

If you’re looking for a way to diversity your cryptocurrency portfolio, then you’re not going to find a better option than Binance Coin. Binance is a business with a strong history of success.

The value associated with Binance Coin stems from its usefulness to people who wish to buy other types of cryptocurrency through Binance Exchange. It is one of the fastest-growing exchanges in the world.

5. Ripple

Ripple has a different vision than many other cryptocurrencies that are available on the market today. It is a startup crypto that is backed by venture capitalists and that offers finance settlement services.

This allows banks to process transactions across national borders instantaneously. Ripple even works together with large banks like Bank of America. It is a great institutional investment in addition to a great personal one.

6. Cardano

If you’re looking for an affordable form of cryptocurrency to start investing in, Cardano might be the perfect choice for you. It is quickly becoming a favorite type of crypto among investors and enthusiasts.

Cardano is especially popular in Japan. It uses two different types of blockchains which allows it to process two different types of transactions. This makes it scalable and helps it run smoothly while running two types of transactions.

7. Dogecoin

Dogecoin has exploded in value since the beginning of 2021, in part thanks to Elon Musk becoming the self-proclaimed “Dogefather”. Since he publicly endorsed this form of crypto, Musk has helped it grow in value quickly.

As it gained value, Musk even made the choice to have it as accepted crypto by SpaceX. 

8. Bitcoin Cash

Bitcoin Cash first emerged due to concerns over the scalability of Bitcoin. Bitcoin Cash is a peer-to-peer electronic cash system. The biggest benefit it provides is that it is highly scalable.

The fact that it has “Bitcoin” in the name has not hurt, and it is becoming highly coveted by big-time investors. It is a great option for a cryptocurrency with best growth potential.

9. Zcash

The biggest thing that sets Zcash apart from other cryptocurrencies like Bitcoin is that you determine if your transactions are tracked. Bitcoin is not able to do this due to its transparency of transactions.

Zcash provides its investors with an added layer of privacy. It is expected to drop in value as a way of opening an investment window and is a great investment option if you’re looking to add a new type of crypto to your wallet.

10. TRON

TRON was originally founded on Ethereum but has since had its own blockchain platform developed. It is a newer type of cryptocurrency that uses the Proof of Stake algorithm.

The popularity of TRON has grown due to the number of decentralized applications that it hosts. It is also an inexpensive form of crypto to begin investing in for beginners.

Start Investing in Cryptocurrency Today

One of the best ways that you can grow your wealth is by knowing what is the best cryptocurrency to invest in 2021. There are many different options available to you. Some, like Bitcoin, are established and extremely valuable already.

Others, like Dogecoin and Zcash, are primed to take off and are cryptocurrencies with best growth potential. Knowing which cryptocurrencies to invest in is a great way to diversify your portfolio and increase your wealth.

For more great articles covering personal finance topics, be sure to explore more of our blog!

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