Best Cryptocurrencies to Invest In

1. Best Cryptocurrencies to Invest In michaelm700.medium.com/best-cryptocurrencies-to-invest-in-e313dd927547 April 16, 2021 This post contains affiliate links. If you use these links to buy something we may earn a small commission. Thanks.” So you want to invest in cryptocurrencies Are you looking to invest in cryptocurrencies but are not sure which is the best cryptocurrency for you? Look no further. This article will give you detailed information about the top 10 best cryptocurrencies to invest in for 2021. Not only will you find out which is the best cryptocurrency, but also what the risks and benefits are. Disclaimer: Keep in mind that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced to help you make the best choice for you. What are Cryptocurrencies? Cryptocurrencies can be defined as a decentralized digital currency that uses cryptography to regulate its production and usage. The most well-known crypto is Bitcoin, which was created in 2008 by Satoshi Nakamoto with the intention of becoming a global currency for both the internet age and beyond. 1/6

2. · Why Invest in Cryptocurrency? The financial world is changing. People are using more banks and these institutions seem to be taking longer to process transactions and convert these into actual money. Cryptocurrencies provide an alternative form of investment that can circumvent the banking system. The reason why some people choose to invest in cryptocurrency is because they foresee a future where all currencies become digital currencies, meaning cryptocurrencies will be one of many options available on an international level. What are the Benefits of Investing in Cryptocurrencies? · Cryptocurrencies offer a number of benefits: a) Cryptocurrencies have no central authority to audit their transactions, so they are immune to fraud or manipulation for a large portion of cryptocurrency holders. For example, look at the collapse of MtGox — an exchange which was handling 70% of bitcoin trades at the time. That’s the power of decentralization! b) Cryptocurrencies can be unpredictable. The market is completely unregulated and is by no means a safe bet. However, it can be argued that investing in cryptocurrency is as safe as any other investment because there are few risks associated with cryptocurrencies, given that their main selling point is to be decentralized. If the blockchain system fails for one of these cryptocurrencies, then it will not affect all other cryptocurrencies because they run alongside each other and there is no way for one currency to cause another currency to fail. c) Cryptocurrencies are often used as a payment method on the internet, so you may have increased access to international transactions if you invest in some of these currencies for this reason. d) Cryptocurrencies are often used as an investment and can rise to astronomical levels if the world decides to adopt them more fully. Because of the advantages of long-term gains, companies that handle retirement fund investments are now adding cryptocurrency to portfolio management and IRA plans. Some of the top IRA plans for 2021 now include gold, precious metals and cryptocurrency. · What are the Risks of Investing in Cryptocurrencies? The cryptocurrency market is unpredictable. It may take a tumble like the bitcoin price took from close to $20,000 USD in December 2017, back down to around $3,000 at the start of 2018. And that is without even considering any other cryptocurrencies. The downside of investing in cryptocurrency is that the value of cryptocurrencies will always be based solely on supply and demand. You are not guaranteed of any gains from your investment, so it comes back to choosing the best cryptocurrency for you. 2/6

3. However, a lot of cryptocurrencies have been created to give some stability to their value so investing in one can minimize your risks. A lot of these currencies also offer you the option to become an ‘early adopter’ and get yourself a bargain (though also be warned that if you invest in an early-stage cryptocurrency then this could lead to losses). · 10 Best Cryptocurrencies to Invest in For 2021 1. NEO (NEO): The first cryptocurrency on this list is NEO. It was founded in China and is one of the first blockchains to offer a smart contract platform. NEO holds ambitions of becoming a decentralized marketplace and has the backing of well-known companies such as Alibaba, Baidu, Tencent and Microsoft. In 2017 it rose to be the third most valuable cryptocurrency by market cap and currently, it is valued at around $137 USD — which is excellent value for this currency! The main reason why this currency may be worth investing in for 2021 is because its price has dropped significantly since December 2017, when it reached close to $100 USD per coin. There is a good chance that the market will rebound and, if it does, investing in NEO could prove to be very profitable. 2. Binance Coins (BNB): The second cryptocurrency on the list is Binance Coin (BNB), which also comes from China. This coin is only available to people who invest in Binance — an exchange platform that provides a number of services relating to cryptocurrency trading, including a marketplace for coins and tokens. On average, $1.3 billion worth of cryptocurrencies are traded on this exchange every single day! Because of this reason, BNB is becoming increasingly popular as a stable currency that has the potential to rise in value quite dramatically in future years. A bonus about this currency is that it is pegged to the value of the Binance platform itself, so as more transactions are made through the exchange, it has a good chance of increasing in value. It could also be a safe option for those who want to invest in cryptocurrency but don’t want to take too many risks with their money. 3. Litecoin (LTC): Another peer-to-peer cryptocurrency, Litecoin was created in 2011 and held the second place for a number of years. This means that it has been around for a while and is widely used on some exchanges such as Coinbase and GDAX. It is based on blockchain technology that is very similar to the original Bitcoin model and has a superior status. Litecoin is often referred to as the ‘silver’ to Bitcoin’s ‘gold’, as it has many of the same properties as Bitcoin but also has quicker transaction times. The cryptocurrency is not yet fully adopted by a number of merchants, so it can be worth investing in this currency if you think that its 2018 status report could be wrong. 3/6

4. 4. IOTA (MIOTA): IOTA is a cryptocurrency that was created in 2015 and has the backing of the company, IOTA Foundation. It is a so-called ‘tangle’ cryptocurrency and operates by using a DAG- based ledger — which is more efficient than a blockchain because it doesn’t need miners or block creators to confirm transactions. The main reason it is worth investing in this currency for 2021 is that its price has been incredibly stable since its creation, dropping significantly only twice with each dip lasting an average of 12 months. The value peaked at $3.3 per coin in December 2017, but it is currently ($1.3). However, IOTA has the potential to increase dramatically in value if it can become widely accepted. 5. Litecoin (LTC): Similarly to Dash, Litecoin was designed and built by a former Google engineer, and its goal was to make transactions faster and cheaper than the Bitcoin network. It uses much of the same code as Bitcoin but adds a few elements to make this happen more effectively, such as confirmation times that are four minutes shorter than the original currency. However, the main difference between Litecoin and Bitcoin is that Litecoin uses a mining algorithm called ‘Scrypt’ which means that you can mine this currency using a CPU or GPU. As a result, more people can mine Litecoins than Bitcoins. It’s currently priced at $108.83 per coin and is predicted to rise by 29% in 2018. 6. Ripple (XRP): Ripple is a real-time global settlement network that allows for instantaneous transactions across national borders. Essentially, it’s an international payment system in the same way as SWIFT but it only allows for transactions to take place between banks and institutions rather than individual users. The currency is named after its aim to become a ‘global payment solution for financial institutions’. Currently, when you want to transfer money across borders, it takes several hours or even days and has a high cost. Ripple aims to reduce all these issues by securely and instantly sending payments across the globe at a low price. And it’s already working. In September 2017, MoneyGram partnered with Ripple to test the efficiency of the technology by sending Facebook money transfers directly into users’ accounts within minutes. It’s currently priced at $0.80 per coin with a predicted increase of 57% in 2018. 7. Stellar (XLM) An open-source network that lets anyone build low-cost financial services for their communities, Stellar is a platform built on the blockchain and has its own cryptocurrency like Bitcoin. The currency handles multi-currency transactions, accepts exchanges and transfers of any currency to any person in the world. Stellar focuses on smart contracts, identities, assets and building a decentralized application platform with an integrated cryptocurrency. It also supports fiat transactions which means almost anyone can use it. Currently priced at $0.52 per coin with a 4/6

5. predicted increase of by 724% in 2018. 8. Ethereum (ETH) Ethereum is a great investment because it is currently the second most valuable cryptocurrency by market cap — which is predicted to grow by 4,000% in 2018. Ether is used as “gas” to pay transaction fees on the Ethereum network and can be traded for other cryptocurrencies. It also provides the framework for non-fungible tokens (NFTs), which have skyrocketed in interest this year. 9. Bitcoin Cash (BCH) Bitcoin Cash has been called “Lightning-fast digital cash” with very low transaction fees. It is fully decentralized and requires no trusted parties. It is currently priced at $1,102.03 per coin with a predicted increase of by 1,216% in 2018. 10. Dash (DASH) A so-called ‘peer to peer electronic cash system’, DASH stands for Digital Cash and was built by Evan Duffield who hoped to create a fast and anonymous cryptocurrency using cryptography technology. It is currently priced at $274.97 per coin with a predicted increase of by 2,000% in 2018. · Some thoughts on Bitcoin Bitcoin was the first cryptocurrency ever created and it currently holds the largest market cap of any other coin. It is truly a global currency in that it can be used in almost every country in the world, has no centralized issuer and is independent from any banking institution. Transactions with Bitcoin are also completely anonymous. The reason why this cryptocurrency may be worth investing in for 2021 is because it has proven to be resilient against all odds and continues to grow as a result of its popularity. In fact, it seems to be the first multi-billion-dollar company to not go bankrupt. · Best Cryptocurrency Exchanges to Use in 2021 — Choose the Right Exchange for You Cryptocurrency exchanges are now widely known and are gaining popularity daily. There is still some confusion about which exchange should be used or about which company should be entrusted with cryptocurrency investments. With advice it should be possible to make a choice by using the services of a 5-star company with good recommendation. Coinbase is now quite popular and a good choice for a company that helps people to buy and sell cryptocurrencies. It recently listed its stock publicly and this act alone is evidence that cryptocurrencies might be here to stay and will make a dent in mainstream investments and ultimately affect the global financial system. 5/6

6. With so much choice, there is a very real chance that you will get really confused with all the different cryptocurrency exchanges. This is why we have created a list of 5 best cryptocurrency exchanges to use in 2021 to give you the confidence and security you need to make a sound decision. All of these exchanges are proven to offer great customer service, lots of trading features and easy-to-use interfaces. · The 5 Best Exchanges for Cryptocurrencies Are: 1. Binance 2. Coinbase/GDAX 3. CEX.IO 4 . Bitfinex 5 . WeBull · Final thoughts about the best cryptocurrencies to invest in. Cryptocurrencies are becoming increasingly popular and, as a result, it can be difficult to know where to start when it comes to choosing the right currency. To make your investment experience more successful, we suggest that you choose the cryptocurrency that is right for you. The ten best cryptocurrencies on this list could provide a great starting point for your research and hopefully, one of these will appeal to you. There are clear signs that cryptocurrency investments are likely to be very profitable in the future. One only needs to recall the significant increase in bitcoin price which surged to record highs after Telsa revealed that it had purchased $1.5 billion of the cryptocurrency. Some of the best 5-star companies are now combining investments not only in cryptocurrency but in gold and precious metals as well. Choose wisely before you invest and rely on trusted highly rated 5-star companies for your investments. 6/6