- Which cryptocurrency is best to invest now? Find out - Newsroompost
New Delhi: Cryptocurrency has been the biggest trend of the year 2021. From altcoins breakout to China’s ban, the crypto world has seen many ups and downs this year. The first half of the year 2021 saw a major gain and some heavy dumping but still, the craze for the coins has been kept on increasing.
Who would have thought that Bitcoin will break through the $60,000 mark and with that altcoins like ETH, DOGE, and SHIB will attract tons of investors to this world.
Analysts believe that the rise of digital currency is yet to begin as giants like Apple, Google, Tesla, Samsung, Facebook, and Paypal are ready to get into the market with their long-term strategic plans related to cryptocurrencies.
Always remember that there are 2 two sides to every market and crypto has its too. The market is very volatile. A heavy swing or a sudden fall with no notice and this the reason that people find it very risky.
If you are ready to jump into the crazy ride then here are the coins you should consider before they just shoot up:
The world’s most famous and largest cryptocurrency, Bitcoin was created by Satoshi Nakamoto, who is still anonymous, in 2009. It is a decentralized digital currency that can be sent from one to another by using a peer-to-peer BTC network without any intermediaries.
It has a supply of 21 million maximum coins and till now more than 18 million have already been mined.
ETH is the 2nd-largest cryptocurrency by market capitalization and the next generation of blockchain technology that has grabbed eyeballs of the investors. ETH is one of the top contenders for the best cryptocurrencies to buy list for the long term.
Vitalik Buterin and 7 others created Etherium in 2014 and it is one of the largest platforms for decentralized applications also known as DApps. ETH has a bright future and it is expected that it will continue to shine.
LINK is among the best coins to invest in this year as this project still arouses the interest of retail and institutional investors alike. Chainlink expands the capabilities of smart contracts by enabling access to real-world data and off-chain computation while maintaining the security and reliability guarantees inherent to blockchain technology.
Cardano is a research-based cryptocurrency made by engineers, mathematicians, and cryptography experts. Charles Hoskinson who is one of the five initial founding members of Ethereum cofounded this project.
ADA aims to be the world’s financial operating system similar to Ethereum as well as providing solutions for chain interoperability. As of now, Cardano has a market capitalization of $69 billion and it costs $2.07
Launched in 2011, Litecoin was among the first coins to follow Bitcoin. It has also been referred to as “silver to Bitcoin’s gold.” Created by Charlie Lee, an MIT graduate and former Google engineer, the coin is based on an open-source global payment network, controlled by any central authority.
LTC is like BTC in many ways as it has a faster block generation rate providing faster transaction confirmation time. As of now, LTC has a market capitalization of $12.1 billion and tokes in now worth $180 taking it to the top 5 crypto in the world.
The coin which was just started as a meme cryptocurrency has come a long way. 2021 has been a turnaround year for DOGE. The coin saw an increase of 15,000% which makes it one of the hot cryptocurrencies to buy.
Dogecoin is a direct source of encouragement for all the altcoins who are still trying to prove their existence in the market. Tesla and SpaceX boss Elon Musk’s boost has given a huge push to the token.
DOGE hit a massive rally to touch the $0.74 mark in mid-April which made it surpass Twitter and Ford Motors in market cap.
Uniswap empowers developers, liquidity providers and traders to participate in a financial marketplace that is open and accessible to all.
Polygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks. Aggregating scalable solutions on Ethereum supporting a multi-chain Ethereum ecosystem.
EOSIO is a highly performant open-source blockchain platform, built to support and operate safe, compliant, and predictable digital infrastructures
IOTA has fundamentally reengineered distributed ledger technology, enabling secure exchange of both value and data, without any fees.
- Date of publication:
- Mon, 09/27/2021 - 03:45
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