Here is a list of top 5 cryptocurrencies to consider investing in 2021
If you are planning to invest in cryptocurrency, here are some options.
The cryptocurrency has surged in 2021 to a record high amid rising interest from institutional, corporate, and, more recently, retail investors.
According to a report published by JPMorgan strategists, digital currency has emerged as a competitor to gold. It could trade as high as $146,000 if it becomes stabilized as a safe-haven asset.
If you are planning to invest in cryptocurrency, here are some options:
Ripple (XPR)
XPR is the third biggest cryptocurrency by market value. It is a decentralized blockchain technology that can settle transactions in 3-5 seconds.
Ripple had soared in November of 2020 and hit its highest level since 2018.
The coin offers a low exchange rate and immediate validation for your transactions.
It is the best time to invest in Ripple due to its low and affordable price compared to other coins currently available in the market.
Ethereum (ETH)
ETH is the second most popular blockchain in the cryptocurrency after Bitcoin. In recent months its price has increased; it now costs $1,078.13 as of 13/1/2021.
The success of Ethereum can be credited to its decentralized finance system. It supports smart contracts and provides for decentralized mobile applications.
Litecoin (LTC)
Litecoin was an early bitcoin spinoff. It is a cryptocurrency that allows instant transactions to anyone in the world.
It has a significant number of followers. The price of Litecoin is 138.21 dollars, as of 13/1/2021.
Litecoin offers a higher block reward than other rivals and is very fast. A block can be mined in only two minutes.
Basic Attention Token (BAT)
BAT is the favorite coin of web developers, content writers, PR and marketing people, and IT professionals.
The cryptocurrency eliminates the middlemen from the publicity process and instead rewards the users for watching ads.
The platform currently has more than 22 million monthly active users and 7.4 million daily active users.
Bitcoin (BTC)
The world’s most popular cryptocurrency, Bitcoin, has climbed as high as $40,402.46 and was last up 6.1 percent at $39,100. It crossed the $30,000 mark for the first time on the 2nd of January, 2021, and $20,000 on the 16th of December 2020.
Interest in the world’s largest cryptocurrency soared last year, with investors seeing bitcoin as a hedge against inflation.
What are your views on this? Share in the comments bar below.
1) xlm steller, safe bet and can go multiple folds as ea unit is cheap to enter with, paypal is working with it, potential to go 3 figures
2) xrp ripple, right now in a limbo, but eventually will be the King of all crypto coins, will be the goto crypto for central banks, and a major catalyst, cheap to enter with and potential to go 5 figures
ada or cardano is upgraded ethereum and is low entry point right now, will go up
polka dot is a safe bet and good potential to go up.
vet or vechain is also a solid prospect…
the bitcoin is a useless bet as its too high already, and you will need it to go crazy heights to dbl or extreme heights to triple, not many have the kinda money to enter to get that benefit out of it
eth ethereum is similar to bitcoin, its already around 1100-1200 us$ a unit, and is out of majority of ppl’s fin reach…
again at the end of day basic fundamentals, only invest what you can lose and not feel a pinch, buy low, sell high…
Baalti can you guide me plz
Tahir you need to youtube/google crypto currency to begin with, then do your own research on what the above mentioned crypto coins are, what their classification is (commodity, security (stock), orcurrency (token)) are they private or institutionalized, or public, are they mere crypto coin (eg bitcoin) or serve a real life purpose (eg xrp makes money transfers instant and mainly without bank validations hence also diminishing ur transfer/exchange costs)
you need to find an exchange that you will feel comfortable to trade on, mostly countries have their own, or you can go with popular ones like kraken, coinbase, uphold, bitbuy, etc… you register onto them, transfer your money into them and once the money is into ur account, u use it to buy ur choice of crypto coin or coins… u can buy, sell, trade (buy low, sell high)…
if u have some money sitting around, u can invest into above mentioned coins, they are good starters… have a big heart, dont make emotional buy and sells…
good luck…watch lots of videos on it…
what i do earing bitcoin in pakistan ？
Ripple has been sued and might get black listed