Which Cryptocurrency is Better to Invest Nowadays?

0
140

In the last few years, cryptocurrency has become one of the most buzzed keywords today. Therefore, it is easy to find people who want to invest in cryptocurrency. Today, you will find more than a thousand variations of cryptocurrency in the market. What is the best way to make an intelligent decision?

Before getting into this topic, let’s understand what cryptocurrency is. Cryptocurrency is digital money that does not have a central management system, like a government. Instead, it is based on blockchain technology. As digital money has started to gain more traction on Wall Street, these coins are getting more popular.

There’s one more thing before we continue with this. You can actually see betting as a way to make more money to invest in cryptocurrencies. If you’re good at wagering and gambling, why not use your winnings to multiply your earnings even more? This is something that needs to be taken into consideration.

Do you know how to invest in cryptocurrency? The first thing you need to do is look for a source where you can trade cryptocurrency. There are several cryptocurrency exchanges for the job; alternatively, you can also look into other sources like PayPal.

Some exchanges offer a wide range of cryptocurrency management tools. You would also require to have a wallet for your crypto coins. Lastly, you should know that the crypto market is highly volatile.

Now that you know what cryptocurrency is, it is essential to understand that you need to invest in a cryptocurrency that offers a high return.

If you do not know how, then you should read up about how to invest in a cryptocurrency course. Or, you could read this list and choose one that best suits your circumstances and long-term prospects.

7 Best Invest Cryptocurrency 2021

Which Cryptocurrency is Better to Invest Nowadays

Here is a list of the best invest cryptocurrency 2021:

1. Bitcoin (BTC)

Bitcoin is perhaps the most well-known cryptocurrency today; it has been around since 2008 and has the largest network of users, the highest coin value, and the largest market cap.

Developed by a person or group called Satoshi Nakamoto, Bitcoin has often been referred to as future cash, making it one of the best cryptocurrency to invest in 2021.

Similar to other types of crypto coins, the worth of Bitcoin took off from $1,000 in 2017 to above $20,000. Sadly, it came back down to $4,000.

By the end of 2020, the value rose from $10,000 to $60,000. However, the value started dropping after a few weeks, primarily due to the tweets posted by Elon Musk. Currently, it’s worth is $39,000.

2. Ethereum (ETH)

Ethereum is another popular name in the cryptocurrency circuit. However, it cannot be compared to Bitcoin. Unlike Bitcoin, which is a straight-up cryptocurrency, some, like Ethereum, are unique technologies where the coin component is also present.

In the case of Ethereum, the coin is known as Ether; it is used for running applications on the Ethereum platform. Ethereum was founded by Vitalii Buterin in 2015 with the ambition that it can be used in apps and programs in a decentralized way.

Ethereum is a decent option if you want to invest in future cryptocurrency. In 2020, the value of Ethereum increased from $200 to $3,000. In 2021, its value crossed $4,000 and reached an all-time high of $4,350. However, it seems to have fallen and currently has a value of $2,830.

3. Tether (USDT)

Tether is considered one of the unique types of crypto coins today and one of the best cryptocurrency invest choices. It is known to be the leader of a new category of cryptocurrency known as ‘stable coins.’ Why is Tether stable? It is because the crypto coin is pegged to a traditional currency. In this case, the standard currency is US dollars.

For most investors, Tether offers some significant joint benefits of the traditional currency and open blockchain technology. The token was launched in 2015 and operates on the Ethereum platform.

In a way, even the US dollar is a stable coin; therefore, most crypto investors think that Tether is a safer bet and offers greater transparency. The value of one token will always be US $1, so you can use it during market fluctuations.

Best Invest Cryptocurrency

4.    Binance Coin (BNB)

Launched in 2017 by the Binance cryptocurrency exchange, Binance Coin is one of the few cryptocurrencies that reached its peak post-2017. Binance Coin sold over 100 million coins during the initial coin offering, each priced at $0.15. The coin can be used to pay transaction fees on the Binance exchange, pay for some services and goods, or traded for other cryptocurrencies.

Since its launch in 2917, Binance has slowly climbed from $0.15 to $60 per coin. However, the upward shoot came in the first half of 2021, where the token reached $600.

Like other crypto coins, Binance Coin’s value fell majorly after the first six months of 2021; however, it has been climbing steadily ever since. Currently, Binance Coin is trading approximately in the $370 range.

5.    Cardano (ADA)

Founded in 2017, Cardano was formed as another Ethereum contender – it is a blockchain platform that supports real-life business uses, systems, and applications. While the network is quite promising, it still has a lot of catching up to do in terms of size.

One of the unique aspects of Cardano is that it is the first blockchain platform resulting from a research-first driven approach and a scientific philosophy.

The initial value of Cardano when it was first released in 2017 was $0.10. The value rose to over a dollar in 2021 and was trading at $2. However, it suffered a big fall in the middle of 2021 and is now worth roughly $1.73.

6.    Internet Computer (ICP)

Officially launched in 2021, Internet Computer immediately jumped to one of the most significant crypto coins based on market cap. According to experts, Internet Computer is the world’s first blockchain that functions at web speed; this provides limitless capacity.

It has also been said that ICP is the third-most important innovation in blockchain, after Bitcoin and Ethereum. Dfinity, a prominent tech startup, developed internet Computer. More than 500 million tokens were issued during the initial launch, and it has been approximated that 26% of them are in circulation.

When Internet Computer was first launched, its value was $0. Within the same day, it rose to $488. While the value fell sharply within the next few months, its current value stands at $135. If you are interested in buying Internet Computer coins, you can get them on Coinbase or Binance; their availability on other crypto exchanges is still pending.

Best Invest Cryptocurrency 2

7.    Bitcoin Cash

While it may share its name with Bitcoin, Bitcoin Cash is a separate entity. While its existence is because of the market leader, developers looking to invest money in a cryptocurrency faster than Bitcoin created it.

When it comes to the size of the network, Bitcoin Cash had a lot of work spread out for it. While it reached a high of $4,000 in 2018, it dropped to $400 for the next few years. However, it climbed back to $1,500 and has a current value of $770.

Invest in Cryptocurrency—Final Thoughts

Since the cryptocurrency market is very volatile, it is unsure whether these crypto coins will retain their top value within the next few months.

With that being said, these are some of the best cryptocurrencies that you can invest in right now. It is suggested that you invest in Akoin cryptocurrency; it is being said that this is the next big thing!

Read Also:

Author’s bio: Jeremy Ambrose started his own small business on the Internet a few years ago. After many failures and difficulties passed, he decided that he wanted to share his experience and knowledge with other people. Also, he gets a lot of information on list of online bookmakers for his business and finances.

14