I know of three cryptocurrencies to invest in 2021, but need your input for other cryptocurrencies?
Are you asking yourself, "should I invest in Bitcoin? is the [removed] already at its peak? or is Bitcoin the best cryptocurrency to invest in 2021?. Well, We wish if we know! However, the following info should help you to decide if investing in Bitcoin Cryptocurrency is a good idea for you.
It should come as no surprise that Bitcoin is at the top of our list of cryptocurrencies to invest in 2021. This so-called ‘king of cryptocurrencies’ has dominated the market since its launch in 2009 — and there’s no sign that its status will change soon. In fact, cryptocurrency predictions suggest that Bitcoin could be set for its strongest year yet.
According to Ryan Selkis, the CEO of the cryptocurrency tracking site Messari, Bitcoin and Ethereum will retain their top positions when it comes to market capitalisation. This is in contrast to a variety of other assets, which he predicted will lose their ranking in the top 10 cryptocurrencies in 2021.
After its market value took a tumble in March 2020, [removed] made a rapid recovery and both its price and market cap have skyrocketed ever since. From lows of $4,721 in late March, when coronavirus restrictions started coming in around the world, the cryptocurrency had reached prices of approximately $9,000 by June and July. At the time of writing in late September 2020, its price is now $10,786.74.
This is a healthy recovery rate, with its price more than doubling in just over six months. While this rate of change isn’t unusual for a cryptocurrency that’s famous for its volatility, it should be encouraging for any [removed] who were worried by the sudden crash in March.
So what’s next? Some experts believe this recovery is only the beginning. In July, a chart associated with Citibank predicted that the price of Bitcoin could skyrocket to an incredible [removed] in 2021! This is 6 times its previous highest price, $20,000, which it reached in 2017.
So, is Bitcoin your next cryptocurrency to invest in 2021?
Many experts think Bitcoin could be one of the best cryptocurrency to invest in 2021.
2. Ethereum (ETH)
If Bitcoin is the king of cryptocurrency, then Ethereum could well be the heir! This blockchain platform is the world’s major cryptocurrency other than Bitcoin and has maintained a strong market cap ever since its release in 2015. At the time of writing, its market cap is $41,271,483,278.
Despite the uncertainties surrounding the coronavirus pandemic, which shook the performance of almost every crypto in late March, Ethereum has been strong throughout 2020. If you’re looking for top cryptocurrencies to invest in 2021, it should therefore be a serious contender.
In early September, the price of [removed] hit $480 — its highest price of 2020. There are two key factors behind this surge in value. One is the growth of decentralized [removed] In fact, Ethereum has processed $13.5 billion worth of decentralized exchanges in 2020 alone — up from under $3 billion in 2019!
The second factor which secures Ethereum’s place on our list of top cryptocurrencies to invest in 2021 is the launch of [removed] . This eagerly awaited upgrade is due to be complete by the end of 2020 and will make Ethereum far more efficient. Once it’s able to process more transactions more quickly, we could see its price explode.
3. Litecoin (LTC)
With a price of just $46.82, Litecoin might not be the most bullish crypto on this list. But with a market capitalization of $3,041,812,279 and strong growth on the radar, it’s worth considering if you’re planning to start cryptocurrency investing in 2021.
Our list of what is the top cryptocurrency to invest in 2021 cannot be complete without [removed] . It showed a strong performance in 2017 with a growth of more than 8000%.
Although some investors see [removed] as the skinny cap to Bitcoin’s full-fat cappuccino (it was launched in 2011 and is generally seen as a Bitcoin spinoff), it’s a mistake to dismiss this crypto outright. Not only is it a lot faster than Bitcoin, taking just 2 and a half minutes to process a block as opposed to 10 minutes — it’s also unveiled some exciting developments throughout 2020.
The launch of the role-playing game (RPG) LiteBringer, which runs on the Litecoin blockchain, has caused a surge in transactions. According to the Litecoin Foundation, LiteBringer caused the number of transactions to triple in a week, with more than 75% of them now caused by the game. This performance is so encouraging that the platform [removed] has predicted the price of Litecoin could reach $600 in 2021.
The last word, Because of Litecoin's close connection to Bitcoin, Investors are very interested in Litcoin, and that is why Litecoin is listed in the top 10 cryptocurrencies to invest in 2021 and for the next cryptocurrency to watch.
Can you help me name other cryptocurrencies?