Cryptocurrency is known to be a digital currency in the form of coins and tokens. It all initiated in the year 2009 with the release of Bitcoin cryptocurrency. Bitcoin is not only trending but also giving a path to other blockchain technologies and cryptocurrency to be a part of the blockchain ecosystem. Now in the crypto market, there are numerous cryptocurrencies in which you can invest and gain profit. However, the crypto market is fragile, and it is crucial to have some expertise in cryptocurrency trading.
For that, you can anytime educate yourself by pursuing Cryptocurrency Certification and become a Certified Cryptocurrency Expert. Also, you must be aware of the crypto market trends and risk management. Here we will be discussing about the top cryptocurrencies to invest in during 2021.
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- Top Cryptocurrency to Invest in 2021
As we are aware of the hype of investing in cryptocurrency, people are curious and excited to start their careers in crypto and blockchain. Also, individuals are looking forward to getting their hands in trading cryptocurrency. Cryptocurrency auditors are also earning well due to the high demand amongst the investors. As we know, Bitcoin and ethereum are the famous cryptocurrencies in the blockchain market. However, other concurrencies like Dogecoin, Ripple, Tether, etc., have also created their space in the crypto market. Not only according to the market capitalization but also considering the technology behind the cryptocurrency we, will be listing the Top 10 cryptocurrencies in which you can invest, lest find out!
Top 10 Cryptocurrency to Invest in 2021
The rates and the market capitalization are not fixed. Therefore consider the current rates before investing in any cryptocurrency. Here we are mentioning the cryptocurrency current rate as per the coinmarketcap. The Top cryptocurrency to invest in this year are as follows:
Market cap: $891,813,031,249
The first cryptocurrency was released in 2009 by Santoshi Nakamoto called Bitcoin (BTC). Like all cryptocurrencies, Bitcoin works on Blockchain technology. It is a decentralized digital currency with a distributed ledger governed by any central body like a bank or government. Bitcoin is the most expensive cryptocurrency at this point and will probably continue to hold its throne. Check out Bitcoin Certification at Blockchain Council and get more updates about the bitcoin blockchain technology.
Market cap: $361,667,047,248
Enthereum is a blockchain platform that is an open-source, decentralized network having the functionality of smart contracts. Ethereum has its cryptocurrency token, Ether (ETH), holding second place in market capitalization. Most blockchain developers prefer working on Ethereum, and thus it is one of the most actively used blockchain technology. Investing in Ether can be beneficial for you in the long run as this platform automatically execute Smart contracts and NFTs (Non-fungible tokens). Check out Ethereum Certification at Blockchain Council and get more updates about the Ethereum blockchain technology.
Market cap: $65,667,198,672
Another cryptocurrency that you must consider investing in is Cardano (ADA). It is an open-source, decentralized, and public blockchain platform included with the Consensus algorithm. With all these features, the peer-to-peer network becomes secure and fast. Cardano works on proof of stake reducing transaction time and decreases energy usage. Now, this is high time to start investing in Cardano, but it’s recommended that you understand cryptocurrency’s technicalities. For that, you can explore the best cryptocurrency certification online.
Market cap: $62,968,354,890
While cryptocurrency trading, stable coins have been observed as an optimum choice. Tether (USDT) is a stable coin and is most common amongst investors. It is equal to the U.S dollar. Tether is considered to be more consistent than other cryptocurrencies. Therefore, it is the safest option for beginners to invest in this stable coin.
Market cap: $61,042,196,542
Another cryptocurrency that cached the eyes in the year 2017 is XRP, also known as Ripple. Ripple offers a global payment solution and is most popular among global banking corporations. It is a system offering currency exchange, a remittance network, and a real-time gross settlement system. The digital currency XRP is created by Ripple Labs Inc. This is also a distributed open-source protocol offering a secured blockchain platform and almost free financial transactions globally.
Cryptocurrency Auditors and experts believe that year 2021 is the best time to invest in XRP.
Polka Dot (DOT)
Market cap: $23,000,100,832
This cryptocurrency enables multi-chain blockchains to be interoperable with each other. It works on the multichain architecture and protocol, simplifying the data transfer by connecting public and private chains and creating parachains. Polka Dot uses a proof of stake (PoS) consensus algorithm. The rates of DOT have grown roughly about 620% in just one year. This cryptocurrency has excellent potential and is recommended to be invested in.
Market cap: $17,710,519,728
Uniswap (UNI) is one of the most in-demand decentralized financial protocols used to automate DeFi tokens. It solves the issue of liquidity and avoids the problems which used to occur in previous decentralized exchanges. Uniswap offers automatic transactions using smart contracts based on the Ethereum Blockchain. This cryptocurrency has also created an enormous market cap and holds the 10th position.
Market cap: $1,777,967,625
Solana is a Decentralised financial solution officially launched in 2020 by the Solana foundation in Switzerland. This new cryptocurrency is unique as it brings the concept of Proof-of-history (PoH) consensus protocol combined with PoS allowing better scalability and usability of the protocols. Also, SOL’s hybrid protocol facilitates the short processing time and smart contracts. Investing in high potential cryptocurrency can be a beneficial digital asset in the coming years.
Binance Coin (BNB)
Market cap: $71,029,627,592
Ranked number 3 when it comes to market capitalization, Binance Coin (BNB) offers decentralized, blockchain-based networks. This cryptocurrency holds one of the biggest cryptocurrency exchanges worldwide. Binance has opened a blockchain ecosystem having the utilities for their users. This includes reliable digital wallets, Binance chain, Acadamy, and some research projects. Therefore, it is highly recommended by the certified Cryptocurrency experts for investing in the Binance Coin.
Market cap: $43,506,180,300
Dogecoin (DOGE) is one of the most hyped and trending cryptocurrencies. The famous billionaire Elon Musk, who is the CEO of Tesla, quoted with several tweets showing his support to this coin. Also, he said Godge coin is his favorite cryptocurrency. Since then, Dogecoin has been in the limelight now and then. Apart from social media attention, DOGE can be created per demand and traded online at several exchanges.
So far, you have an ideal number of cryptocurrencies to invest in 2021. However, for investing and trading in cryptocurrency, you must be having extensive knowledge of Blockchain technology, cryptography, the latest trending technology in the crypto market, and many other terminologies related to blockchain technology. To know more about cryptocurrency certification, you can check out Blockchain Council and increase your blockchain technology skills.