Best Cryptocurrency to buy in 2021
Are you wondering what is the best Cryptocurrency to buy now?
In case you decided to take your first steps as a Crypto investor, you are not alone!
The Crypto transactions are made seamless and border-free, enhancing the businesses of traders all over the world.
With the latest adoption of Bitcoin by Paypal, allowing Crypto and Bitcoin spending, it seems that the Crypto mass adoption is one step away!
Paypal announced that Bitcoin could be used to buy things from 26 million sellers that accept PayPal, resulting in rising of Bitcoin to $19000 in no time.
Thus, Cryptocurrency becomes an understandable choice to put your hard-earned money, hoping to get future returns.
What is the best cryptocurrency to buy right now?
If you are getting your feet wet with Crypto, you are not alone in this dilemma:
How do you reduce risks by putting your money in a trustworthy currency?
What are the best Cryptocurrency investments?
Creation of new Crypto is no mountain task.
Anyone with a stable internet connection and a desktop can easily create an ERC-20 token or a TRON token.
So, it is necessary that you think carefully before investing in a coin.
The volatility of Cryptocurrencies is the major reason that makes some people prefer stocks over Crypto.
On the other hand, Cryptocurrency admirers will swear that investing in Crypto can make you a millionaire.
Choosing the right coin to invest in, can be a good choice
Best Cryptocurrency to buy in 2021:
Bitcoin has always found its place in the best Cryptocurrency list.
Bitcoin, in fact, is the world’s most popular Cryptocurrency.
It is so popular that many people actually regard it as the only Cryptocurrency available, disregarding the others
This is what makes BTC head on competing with the other Cryptos in the market.
Even during the uncertainty in the market, BTC offers you a high level of liquidity.
BTC has been accepted worldwide as the payment method for the purchase of goods and services and made a leap forward now with Paypal adopting it, raising optimism for a pink future ahead.
Although BTC is following the 2016 figures in November, some crypto investors are willing to swear that BTC will reach USD 100,000 and more and make the Bitcoin holders millionaires.
The total number of BTC in the world is 21 million.
There will be no further numbers.
This will create a huge supply-demand as the utility of BTC increases.
After halving, BTC is expected to reach new historical peaks.
To conclude, if you are looking for the best Cryptocurrency to buy, Bitcoin leads the list.
(Some people prefer to mine Bitcoin, using free Bitcoin mining online.
Decentralized finance (DeFi) is the hottest topic in the crypto world right now.
The Ethereum Blockchain allows everyone to deploy their DApps on top of it.
In the second half of 2020, Ethereum has experienced the deployment of a lot of yield farming and decentralized exchanges.
This created a buzz and the demand for ETH has gone high.
When demand for a particular coin goes high in the market, the coin experiences a rise in value.
Traditional finance is outdated and the market makers are switching to decentralized finance.
In 2020, and in the years to come, yield farming will be the best way of earning passive income through crypto.
Thus, demand for ETH is unquestionable, making it the best coin to invest in.
There is another advantage in holding ETH in your wallet.
There are many applications that allow you to stake your ETH in their vaults and earn interest from them.
The staking protocol works in such a way that, holding ETH for a particular period, the smart contracts will automate the reward transactions which means there is no room for the scam as there is no human intervention.
You can also become a liquidity provider by putting your ETH against any liquidity pool.
The firm will use them for market-making by lending the coins and inturn will honor you with good rewards.
Ripple ranks third in market capitalization following Bitcoin and Ethereum.
The function of Ripple is quite different and performs a role that deviates from most of the cryptocurrencies.
Ripple offers financial settlement services to banks that facilitate them to make instant and direct transactions across borders.
This gives us a spark that Ripple is associated more with huge firms than ordinary people.
Ripple has its protocol adopted by big banks and other payment processors across the world.
Bitcoin uses the blockchain mining concept for the validation of transactions.
Ripple, on the other hand, uses a network of servers that function based on distributed consensus mechanisms.
The authenticity or validity of the transaction is decided by a poll that occurs on nodes of the network.
Hence the transactions are validated without any delay.
The main reason is the absence of intermediaries or third parties involved in traditional transactions.
This makes XRP more trustworthy and reliable, making XRP head-on compete with the other networks.
Ripple has the best institutional support and it is safe from SEC legalities.
Thus, many investors believe that Ripple will explode in 2021 and in the years to come.
If you are new to Crypto, or you invest in Crypto to diversify your portfolio, the currencies above are regarded by many investors as the best Cryptocurrency to buy – looking forward.
The recommendation of many is to buy and then hold hold hold.
Investing in top Cryptos in 2021 might turn your crypto journey into a success story.
In addition to the above, there are some more coins that are suitable for both individual and institutional investments.
Purchase through a trustworthy exchange or platform.
The action of buying the best crypto will not make you a good trader. It’s most important to be careful!
How to start Crypto trading?
Start at the beginning!
Take the time to learn.
Listen to the experts on YouTube channels and experts forums.
Don’t spend more than you can afford to lose.
Buy some well-known coins like BTC, ETH, and XRP.
Research, learn, listen carefully, then make your move.
If you do not pay attention to security, you might end up losing your crypto journey.
Good luck with your crypto investments!