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Top 10 Cryptos To Invest In For 2021

cryptos to invest in for 2021

May 29, 2021 | 

JOHN K MWANIKI |  0 Comments| 

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Cryptocurrencies have seen a positive growth trend since 2017, attracting many eyes into the crypto investment space. Many investors continue to eye the top cryptocurrencies to diversify their investment portfolios, with Bitcoin remaining the most popular crypto in 2021, trading at $39725 as of May 27th, 2021.

There are more than 4000 cryptocurrencies in the market, making it challenging to decide on the best coins to invest in. But worry not, here are the top cryptos to invest in for 2021.

Bitcoin (BTC)

Bitcoin was the first digital currency to come into existence; hence it has been around for the longest time. That shows why it is the leader with a market cap of $1.06trillion. Despite all other digital coins that have entered the market, bitcoin still represents 40% of the total crypto market capitalization. 

Many companies and businesses already support bitcoin as a form of payment, and more are following suit, which makes it an excellent investment. Recent developments in the bitcoin world include Tesla Inc investing $1.5billion in bitcoin and visa Inc supporting transactions in bitcoin.

You must keep in mind that bitcoin is a highly fluctuating asset whose prices can appreciate as fast as they depreciate. But there are many ways of investing bitcoins to minimize the risks.

Etherium (ETH)

Other than being a cryptocurrency, the Etherium network enables other developers to create their own currencies. Although Etherium is still further behind Bitcoin with a market cap of $325B, it is the second-largest crypto. Its success is attributed to its unique technology, and the announcement that it will soon upgrade its technology to ETH 2.0 will attract more investors. Its current value as of May 27th, 2021, is $2806.95.

Binance coin (BNB)

Binance Coin, based on the popular exchange Binance has a market cap of $90.9 billion. It is one of the coins to hike to its peak in 2017. There was a bull market during that year, and the value of cryptos rose on it before decreasing in value. 

Binance is one of the distinguished exchanges in the world and aims at being the leading infrastructure service provider for the blockchain industry. The Binance coin is currently valued at $663.43. It has maintained a slow but steady growth trend and is proving to be one of the most stable coins for an investment option in 2021.

Dogecoin (DOGE)

Dogecoin is one of the top cryptos to invest in for 2021, thanks to Tesla's CEO Elon Musk for publicizing it, which saw its value surge to an all-time high recently. It came into existence in 2013, and its recent growth early this year came unexpectedly. Its value moved from $0.007635 to $0.074398 in only two weeks after Elon Must, and a few celebrities tweeted about it. It is currently valued at $0.4392.

Tether (USDT)

Tether is considered a stable coin because it is pegged upon the US dollar. A US dollar backs every unit of Tether in the reserve bank. That means there should be no loss of value like with other tokens, making Tether also less risky to invest in. However, investors have raised concerns about the real reserve stock, and should that belief be disproven, the value of Tether would drop. Currently, it is valued at $0.9999.

Cardano (ADA)

Cardano is another promising coin in terms of growth in 2021. In January, it exceeded its value of $0.182 to $1.45 in February, propelling it on the list of top cryptos to invest in for 2021. Its recent price hike is attributed to its recent update that facilitates smart contracts to enable developers to work on dApps, new digital currencies, and the de-fi market. It also facilitates fast transactions and is heading towards full decentralization. It is currently valued at $1.32.

Litecoin (LTC)

Although Litecoin hit the market in 2011, it has experienced slow but steady growth. The best thing about the network is that it completes transactions much faster, four times more than bitcoin. It boasts as the first crypto to complete a Lightning Network transaction in 2017, completed in less than a second. Litecoin's use is set to increase significantly, especially if it improves its use of the Lightning Network for faster transactions. With a market cap of $24.31billion and a value of $359.65, LTC is a suitable coin for investment in 2021.

Ripple (XRP)

Ripple is a cryptocurrency that sets itself apart from the others by facilitating fast international transactions than traditional international money transfers. Ripple completes international money transactions that would take 10days in seconds. It is getting more contracts with big banks worldwide, which means it will be more accessible to investors and adopters. Its current value is at $1.64 with a market cap of $163.14billion.

Solana (SOL)

With a market cap of $11billion, Solana is a fast-growing De-fi ecosystem with the native token SOL that saw a surge in value in April 2021. It was created in March 2020 and has managed to clinch the fourteenth position in the list of cryptocurrencies in market capitalization. It uses a proof of history consensus algorithm with the highest transaction speeds. It is currently valued at $42.91.

Polkadot (DOT)

Polkadot is an invention by Etherium leaders who split to develop their own digital currency with a more reliable network. Polkadot has several lanes for facilitating transactions compared to other networks that have only one. It aims at rewarding genuine investors and eliminating individuals trading on the stock market only for quick bucks. It allows its investors a say on the network fees and upgrades. It has a market cap of $38billion, and its value as of May 7th, 2021, is $41.24.

THE TAKEAWAY

Take your time to research before investing in any cryptocurrency. Identify the most suitable crypto amount you can allocate to your investment portfolio and never invest more than you are ready to lose in the crypto market.

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