With the rise in popularity of bitcoin, cryptocurrencies are no longer in doubt. This is an interesting area in which you can increase your capital. By the way, many forex traders make money not only on stocks but also on cryptocurrency trading.
Investments in cryptocurrency can become both passive and main income. Also, one should not forget the fact that the crypto industry is thousands of digital coins. It is sometimes difficult even for experts to choose an asset that would be really promising. It is necessary to take into account many factors that shape the rate of cryptocurrencies.
More details about this can be found at cryptolaun.ch – a blog about cryptocurrencies and crypto investment.
Let’s talk about the most promising cryptocurrencies in 2021 in this article.
TOP-5 CRYPTOCURRENCIES IN 2021
Diversification is the main key in investment strategy. For investments in cryptocurrency, this is also relevant. Don’t invest all your money in bitcoin, there are a lot of other options and it is best to spread your investment across multiple currencies.
BITCOIN
Bitcoin is the oldest cryptocurrency that consistently occupies a leading position in the ranking of digital currencies. The main fact that determines the stability of Bitcoin is the recognition by the United States and other countries of BTC as an official payment system.
In addition, the following facts can be attributed to the advantages of investing in Bitcoin in the long term:
- The coin is always on the list of all cryptocurrency exchanges.
- All settlements are carried out within the framework of international trading platforms regarding Bitcoin.
ETHEREUM
In just a few years, the exchange rate of Ethereum has grown by more than 1000%. According to many experts, this year the situation will not change. Moreover, there is an opinion that this is the only currency that seriously competes with the popular Bitcoin. It is possible that over time he will be able to move it to second place.
RIPPLE (XRP)
This cryptocurrency project from the Chinese team is ranked 3rd. The attractiveness of long-term investment in Ripple can be explained by the presence of DLT – the parent protocol. According to OMFIF (Official Monetary and Financial Institutions Forum), in the long term, DLT will be able to replace SWIFT due to its security, speed, cost, transparency and risk hedging.
LITECOIN (LTC)
Litecoin is a fork of Bitcoin that appeared exactly 10 years ago. Initially, the developers aimed to create an alternative to Bitcoin. Despite this, Litecoin has not become an exact copy of Bitcoin. With Litecoin, transactions are much faster with higher emissions. Despite the not very high rate, Litecoin is very popular. Undoubtedly, it deserves attention from investors.
BINANCE COIN (BNB)
The last place in this ranking is occupied by Binance Coin, which was developed by the famous cryptocurrency trading platform Binance. The statistics of 2020 speaks about the prospects of investing in Binance Coin. Digital currency has grown in value in one year from $ 7 to $ 15. Absolutely all experts are confident that the growth of cryptocurrency will continue. This is due to the constantly increasing trading volume of altcoins, which currently stands at more than $ 2 billion per day.
Remember, investing in something new is fraught with difficulties that you need to be prepared for. If you do plan to participate, do your research and start investing conservatively.