TOP 2 BEST CRYPTOCURRENCIES TO INVEST IN 2021
Cryptocurrency is regaining popularity as interest in it increases. The term “crypto” in the context of cryptocurrencies refers to the complex cryptography that enables the development and processing of digital currencies as well as their transactions through decentralised systems.
Cryptocurrencies are almost always intended to be resistant to government exploitation and control, though this fundamental feature of the industry has come under fire as it has increased in popularity.
Furthermore, Bitcoin prices have stayed above $45,000, suggesting that the cryptocurrency space is attracting a lot of interest. Apple, Google, Tesla, Samsung, Facebook, PayPal, and Deutsche Bank are only a few of the well-known companies that have recently included cryptocurrencies in their long-term strategic plans.
Since Bitcoin’s price has soared, there has been a sudden excitement in the crypto-industry about altcoins, and people are more interested in seeing which tokens can earn a spot this year.
This aims to introduce you to the top two cryptocurrencies for this year, which have experienced significant growth in the past and will continue to be in the mainstream, especially for their pricing graphs or R&D. Here are top two cryptocurrencies based on market capitalisation that you can consider investing in 2021:
Bitcoin (Bitcoin) is a cryptocurrency that was created in 2008 by an anonymous individual or group of people who went by the name Satoshi Nakamoto. Bitcoin is a decentralised digital currency that can be sent from user to user on the peer-to-peer bitcoin network without the use of intermediaries.
It has no central bank or single administrator. Network nodes use cryptography to verify transactions, which are then registered in a public distributed ledger called a blockchain.
If its price rises or falls, there is no denying that bitcoin will continue to dominate the cryptocurrency sector. Traders will benefit from high liquidity regardless of market stability as long as it continues to exist.
Although bitcoin is unpredictable, it has a steady upward trend. With a market capitalization of $1.01 trillion, BTC, as it is known by its market ticker, is the most popular cryptocurrency. It was developed as a means of facilitating decentralised transactions as well as a store of value.
Ethereum, is a decentralised software platform that allows Smart Contracts and Decentralized Applications (DApps) to be designed and run without the need for third-party downtime, theft, control, or intervention.
Ethereum is a permissionless, non-hierarchical network of computers (nodes) that generate and achieve consensus on an ever-growing sequence of “blocks,” or batches of transactions referred to as the blockchain.
The platform’s native cryptocurrency is Ether (ETH). After Bitcoin, it is the second-largest cryptocurrency in terms of market capitalization. Vitalik Buterin, a programmer, proposed Ethereum in 2013.
The network went live on July 30, 2015, with an initial supply of 72 million coins, after being crowdfunded in 2014. Ethereum is used for decentralised finance, the production and exchange of non-fungible tokens (NFTs), and many Initial Coin Offerings (ICOs). The coin market capitalization is at $195.54 billion on 29 March, 2021.
Given the popularity of cryptocurrencies, investing in them needs severe caution. Before investing in a cryptocurrency, investors must carefully assess its potential prospects, I recommend bitcoin as the best to invest in, coz you can’t ignore its enviable popularity, market supremacy, and continued relevance in the cryptocurrency ecosystem.