Did you know that Bitcoin accounts for over 60% of the total cryptocurrency market cap? This dominance means it has tremendous momentum, which makes it the best cryptocurrency to invest in 2021 if you’re a beginner, or if you simply don’t trade much. If you’ve already invested in top cryptocurrencies offered on platforms like Coinbase and want to expand your portfolio, then the coins at the bottom of my list might be best for you. Bitcoin market capitalization is 8 times bigger ($121 billion) than the world’s second-best cryptocurrency Ethereum. Bitcoin has the highest daily trading volume with more $40 billion worth of crypto being traded.
Normal currencies like the dollar or the pound are issued by the central banks of different countries. These currencies are valid only because they’re guaranteed by the central banks of their respective countries. They are available in coins and banknotes which can be used for making transactions. Bitcoin is still the world’s fastest growing cryptocurrency. However, there are some altcoins that showed us the impressive uptrend this year, among them YFI token, Chainlink, Polkadot, and Tezos crypto coins.
However, apart from that, Bitcoin is likely to bring the dominance index to 65-70% compared to other altcoins. In such a way, it can become the cryptocurrency with the largest market capitalization. These factors may significantly affect the growth of its price in 2020.
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Your coins will be completely safe because the blockchain is secured by a smart security protocol. Retail foreign exchange trading Look at the cross-rates on Changelly and invest safely in Tezos coins within minutes.
The coin’s infrastructure is full of potential and it is the main reason why the Chinese government is also thinking about joining the NEO game. If this happens any time soon, NEO might as well become one of the most profitable cryptocurrencies for agile investors. Another cryptocurrency with the potential to dominate the Cryptocurrency Exchanges market is Ripple. It is worth barely $0.33 at the moment, but things could change quickly if Ripple becomes the official solution for banking infrastructure. Some reports say that Visa and Western Union might soon embrace Ripple as their under-the-hood technology, which is quite a big deal for this digital currency.
With that in mind, these 5 coins then are the Team CryptoRisingNews top picks for the best cryptocurrency to invest in. This is a token that certainly no one would have anticipated to be in our ranking of the best cryptos to invest in 2020. First of all, it is important to understand the rapid growth of stablecoins last year and the fact that everybody wants a piece of this business in the crypto industry. The development of tokens anchored to the value of fiat currencies is not new. Tether was one of the first to explore this concept and its USDT coin is pegged to the value of the US dollar. To date, its capitalization places it as the fourth cryptocurrency by market capitalization.
Cardano has a very long roadmap that doesn’t seem to reach completion in a few months but the blockchain is live. The best crypto exchanges perform a significant number of checks before listing new coins for trading. The crypto lending space is growing fast, and Nexo is one of the leading brands in the industry.
With Facebook’s planned launch of its Libra ecosystem in 2020 it has become clear that pegged currencies are not to be ignored. Other giants such as JP Morgan or the Chinese executive himself (through the People’s Bank of China) have also decided to launch their own stablecoins. Ethereum could be both on and off our list and the explosion of its price will be drive – to some extent – by the decisions made by its development team. It closed 2019 with a loss of almost 5%, isolating itself from other cryptos which finished the year with a good rate of return. NEO currently costs almost $15, but we are sure it will grow significantly in 2020.
- But with a market capitalization of $4,451,393,965 and strong growth on the radar, it’s worth considering if you’re planning to start cryptocurrency investing in 2021.
- It currently hosts moredecentralized apps than Ethereum, leading many investors to speculate that TRON has a bright future in 2021.
- With a price of just $67.56, Litecoin might not be the most bullish crypto on this list.
- As more organizations start to adopt the TRON blockchain platform, the value of TRX will increase.
- It should come as no surprise that Bitcoin is at the top of our list of cryptocurrencies to invest in 2021.
- This so-called ‘king of cryptocurrencies’ has dominated the market since its launch in 2009 — and there’s no sign that its status will change soon.
Now the price has adjusted, so it’s very affordable to get some ADA coins. We offer our users the opportunity to invest in ADA right now. Cardano cryptocurrency is known for its long-time developing blockchain. Launched in 2017, the Cardano https://forexbitcoin.info/ blockchain is still under development. This might be the one and only reason why to invest in ADA. In 2020, the price of the coin rose by almost four times from $1.2 to $4.28. Now the coin rate has adjusted, so it’s very affordable to buy.
Although the coin is fairly new, it offers a great way for investors to diversify their crypto assets AND earn money from their holdings through dividend payments. Nexo already has a functional product – which most cryptocurrency projects out there don’t. And the founders are very experienced in the credit industry. With Mimblewimble technology, Beam should be more scalable than other privacy-focused coins. With well-thought crypto-economics, Beam may very well be the next hot cryptocurrency to buy in 2021.
BAT has become one of the most high-profile affiliate programs in the history of cryptocurrency. The token recovered quite quickly after the market crash in March, and in August, its price doubled from $0.2 to $0.4. Ripple provides fast, inexpensive, and reliable transactions. XRP cryptocurrency developers are aimed at large financial corporations rather than ordinary users. Thus, Ripple acts as a bridge between traditional banking systems and digital payment technology. In this sense, the coin acts as a native token that determines the transfer amount in any currency in the world. Since decentralized exchanges are gaining more and more popularity, the need for oracles that would supply information about cryptocurrency rates is growing accordingly.
This blockchain platform is the world’s major cryptocurrency other than Bitcoin and has maintained a strong market cap ever since its release in 2015. At the time of writing, its market cap is $51,507,291,691. This is a healthy recovery rate, with its price more than doubling in just over six months. While this rate of change isn’t unusual for a cryptocurrency that’s famous for its volatility, it should be encouraging for any Bitcoin investors who were worried by the sudden crash in March. After its market value took a tumble in March 2020, Bitcoin made a rapid recovery and both its price and market cap have skyrocketed ever since.
Like Bitcoin, Ethereum is seen by lovers as an option to fiat currency. But its blockchain innovation is more concentrated on decentralized applications than digital currency.
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Even with the most optimistic approach, XRP price is unlikely to rise above 0.7 USD in the next couple of years. Unlike Bitcoin, Ethereum is based on practical smart contracts used by many projects for the digitalization of transactions. The currency value may increase due to the increasing demand for its blockchain and functions, rather than a deficit of the asset as it happens with BTC right now. A major role in the success or failure of this currency will depend on upcoming fork updates and rapid implementation of the Proof-of-Stake algorithm. The approval by regulatory organizations and community decision to de-list ETH from the list of altcoins may also affect its price growth in 2020. In May 2020, the first and major cryptocurrency developers will offer 50% reduced rewards – 6.25 BTC instead of 12.5 BTC for each verified block.
The strength of this currency is closely related to the strength of its network. The more decentralized applications and ecosystems relying on the Ethereum network, the more powerful ETH tokens will become. While it’s unlikely that Ethereum matches Bitcoin’s price, analysts still see huge potential for this cryptocurrency in the months ahead. Compared to Bitcoin and Ethereum, the only currencies above Litecoin, this cryptocurrency offers huge potential at much more affordable price level. Each LTC unit currently trades for less than $100, which gives a wider number of investors the opportunity to jump in.
Used by hundreds of banks and other institutions globally, Ripple will certainly play an important role in 2021. Unlike the majority of cryptocurrencies which have been fighting the system, XRP has found a way to transform it from within. It, therefore, exists in a space with limited competition, and a potential market running into the tens of billions of dollars.
This peer-to-peer electronic cash system was launched as a scalable branch of the original Bitcoin, after traders raised concerns over Bitcoin’s scalability. It’s now the world’s sixth largest cryptocurrency by market cap, at $4,630,146,203. Our list of what is the top cryptocurrency to invest in 2021 cannot be complete withoutLitecoin. It showed strong performance in 2017 with a growth of more than8000%. If Bitcoin is the king of cryptocurrency, then Ethereum could well be the heir!
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On the other hand, there are several reasons to buy Bitcoin and HODL until the end of 2021 and beyond. Whilst it might sound like old news, investing in Bitcoin is still a good idea. The coin’s volatility has decreased significantly since its phenomenal rise in December 2017, and 2019 has been a rollercoaster ride. Most analysts agree that the days of earth-shattering returns with Bitcoin are gone. However, if you are aiming for small, long-term returns, then the world’s first cryptocurrency is a relatively safe bet. The best cryptocurrencies… the mere thought of such a list is enough to make many of the best investors snicker and then dismiss the topic altogether. And while Bitcoin guidelines the crypto roost, Ethereum is a powerful 2nd fiddle with great deals of upside capacity.