As cryptocurrency gains more popularity and acceptance, it seems to be the perfect time for investors to get involved in the market. With more and more people gaining trust in cryptocurrencies, 2021 is looking like a bright year for the digital currency market. In this article, we will be discussing the top 10 cryptocurrencies for investors to watch out for in 2021.
1. Bitcoin (BTC) – Bitcoin is the most popular cryptocurrency around and has been since the very beginning. It is the oldest and most widely used cryptocurrency and remains a highly influential asset.
2. Ethereum (ETH) – Ethereum is the second most popular cryptocurrency in circulation, and offers a unique use case in its smart contract functionality. It offers its users the ability to build decentralized applications.
3. Binance Coin (BNB) – This token is the native token of Binance, one of the most popular exchanges in the world, and has been growing in popularity over the years.
4. Ripple (XRP) – Ripple is designed for banks and financial institutions, and offers real-time gross settlement systems around the world, and is considered to be very secure and fast.
5. Tether (USDT) – Tether is a stablecoin, meaning its value is tied to a more stable asset such as the US dollar. This is popular in the crypto market as it offers a more stable option beside the highly volatile currencies.
6. Cardano (ADA) – Cardano offers a more unique approach to traditional cryptocurrencies, as it offers its users a scalable, efficient, and secure blockchain platform.
7. Dogecoin (DOGE) – Dogecoin initially entered the market as a joke currency, but over the years has grown in popularity amongst fans and investors.
8. Chainlink (LINK) – Chainlink is an oracle network that bridges the gap between traditional systems and the blockchain world, providing secure and reliable real-world data to smart contracts.
9. Bitcoin Cash (BCH) – Bitcoin Cash is a fork of the original Bitcoin, but is designed to help speed up transactions on the blockchain network.
10. Litecoin (LTC) – Litecoin is often compared to Bitcoin, and offers faster transactions and lower fees, making it a more user-friendly cryptocurrency option.
FAQs:
Q. What is the most popular crypto in 2021?
A. Bitcoin remains the most popular cryptocurrency in 2021.
Q. What makes Ethereum so popular?
A. Its smart contract functionality which allows users to create decentralized applications on its blockchain makes Ethereum unique.
Q. What is a stablecoin?
A. A stablecoin is a cryptocurrency that is designed to have a stable market value, usually tied to a more stable asset such as the US dollar.
Q. Is Dogecoin a worthwhile investment?
A. It’s hard to say, as Dogecoin started off as a joke currency and its future is uncertain.
In conclusion, these top 10 cryptocurrencies worth considering for investment in 2021. However, it’s essential to do your research and understand the risk and reward before investing in the digital currency market. Like all investments, careful consideration is needed before decision making. It’s better to invest in a cryptocurrency that aligns with your investment goals and risk tolerance as market volatility is quite high.
