10 Cryptocurrencies with Strong Buy Ratings
What are the top 10 cryptocurrencies you should buy in 2021?
Top Cryptocurrencies with Strong Buy Rankings
Planning invest in cryptocurrencies this year? With more than 7,000 cryptocurrencies, picking up the best cryptocurrencies to buy in 2021 is not an easy task to do. Fear not, we at Trading Education have put a list together of the best cryptocurrencies with strong buy ratings!
Cryptocurrencies are off to one of the greatest starts to a year ever seen by assets in the finance space. The overall valuation of the cryptocurrency market is $2.3 trillion and records daily volumes in excess of $100 billion.
Satoshi Nakamoto’s innovation which has become a store of value and referred to as digital gold leads the digital asset with 47.6% share of the market. Bitcoin is followed by Ethereum as the second largest digital asset by market capitalization and controls 15.8% of the market.
Having recovered well from the pandemic, cryptocurrencies have seen new investors. These are institutional investors as well as unsophisticated investors. The unsophisticated investors are people who do not conduct fundamental or technical analysis about a particular asset of choice.
Backed by the distribution of the stimulus checks, these individuals have taken the cryptocurrency market to new highs. Cryptocurrency projects which looked like it was going to burst in the future have all recorded great trade volumes and capitalization in the process.
For instance, some cryptocurrencies might be a good buy for beginners, while others are suitable for more advanced crypto investors.
You also have to keep in mind that buying the top cryptocurrencies is not enough to be a successful crypto investor.
What are the primary factors behind such an increase in price? What are the daily use rates of cryptocurrencies?
More importantly, what cryptocurrencies with strong buy signals are analysts and experts recommending for traders and investors?
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Top 10 Cryptocurrencies with Strong Buy Ratings:
- Bitcoin (BTC)
- Ethereum (ETH)
- Bitcoin Cash (BCH)
- Polkadot (DOT)
- Ripple (XRP)
- Cardano (ADA)
- Chainlink (LINK)
- Litecoin (LTC)
- Binance Coin (BNB)
- Stellar (XLM)
Cryptocurrencies with strong buy signals recommended by experts
Take a look at these best cryptocurrencies to buy this year.
1. Bitcoin (BTC) – From zero to $1 trillion, will Bitcoin surpass gold’s market capitalization in the near future?
Bitcoin is the world’s largest digital asset. It’s known as the first cryptocurrency which introduced the possibilities of blockchain to the world. Bitcoin was created by a man with the pseudonym, Satoshi Nakamoto after the financial market crash of 2008.
Satoshi Nakamoto released the cryptocurrency in 2009 to the general public after the housing market crash. The primary purpose for the creation of Bitcoin is to give users control over their financial activities. With access to the internet, anyone can send and receive funds without intermediaries such as traditional banks, clearinghouses or insurance companies.
At first, people remained skeptical about the possibilities of a digital currency. Presently, Bitcoin processes thousands of transactions daily. It is integrated with millions of merchants across the globe.
Even at a market capitalization above $1 trillion, Anthony Pompliano of Morgan Creek Digital has opined that Bitcoin is undervalued and still a buy. Pompliano is relying on reserve risk (a mathematical formula which calculates the price of Bitcoin and HODL bank).
Reserve Risk accesses the risk/reward ratio of investment based on the confidence of long term holders. The last reserve risk assessment conducted resulted in a value of 0.008.
Having such a figure means that HODLers (long term holders of the cryptocurrency) are holding onto the digital asset. Their reason is that Bitcoin is trading at a relatively lower price than it could trade for in the near future.
Despite Turkey’s announcement in April of a ban of all cryptocurrencies as an option of payment, BTC experienced a slight dip and recovered within days. Anthony Pompliano has forecasted Bitcoin to reach $250,000 in the near future.
Analyst Skerdian Meta of FX Leaders estimates Bitcoin could trade at a price in the range of $70,000 to $80,000 by the end of July 2021. The analyst further predicts Bitcoin to cross the milestone of $100,000 to $120,000 by the end of 2021.
Skerdian Meta further forecasts a huge leap in price for the Bitcoin cryptocurrency in the near future. The analyst believes Bitcoin could be valued at $150,000 to $200,000 in the next three years or in 2024. Most of the price drivers were attributed to its safe haven status, positive risk sentiment, Bitcoin developments, hawkish central banks and global economy.
Bitcoin has returned 101.84% Year-To-Date (YTD). With increased utility as a result of being integrated by PayPal in its new feature called Crypto Checkout, activity on the cryptocurrency would continue to soar substantially.
It is a known fact that only 21 million Bitcoin would ever be in existence. This means that BTCs finite supply would be reached in the not-so-distant future. Once all coins have been mined, the laws of demand and supply would set in. This would contribute to a potential high which could see it overtake gold’s $8 trillion market capitalization in the future.
As per the reserve risk valuation pointed earlier on, Bitcoin is an attractive investment and a potential buy.
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2. Ethereum (ETH) - From Ethereum 1.0 to the king of decentralized finance, is Ethereum on the way to $10,000?
Ethereum is one of the top cryptocurrencies to buy. Founded by Vitalik Buterin, Gavin Wood, Charles Hoskinson, Joseph Lubin, Jeffrey Wilcke, Mihai Alisie, Amir Chetrit and Anthony Di Lorio in 2014, Ethereum has taken the decentralized finance world by storm through its smart contracts.
Ethereum is the second largest digital asset and the second most popular cryptocurrency in the world. It is best known as the first blockchain which introduced the future of the internet from Web 2.0 to Web 3.0.
Ethereum is known for hosting a huge number of decentralized protocols and applications on its platform. It introduced decentralized lending, exchange and yield aggregation to the financial world.
For a great period of time, analysts James Todaro of Blocktown Capital and Simon Dedic of Moonrock Capital and Blockfyre have forecasted $9,000 as the minimum price Ethereum could reach in the future.
Unlike Bitcoin and other altcoins which have a primary function of serving as a digital currency for handling transactions online, Ethereum thrives on diversification of its technology.
Through this, Ethereum does not solely rely on the speculation of demand and supply for Ether (ETH). It does not depend on adoptions and integrations by several credible online outlets to drive its price. It has its decentralized applications. It may come as a surprise to several crypto enthusiasts that some of the dAPPS command a relatively higher price than the platform they are mounted on.
The total value locked in Decentralized Finance (DeFi) is $9.20 billion. The top 10 DeFi applications with the most amounts locked in are running on the blockchain of Ethereum. They are Maker, Aave, Compound, Uniswap, Curve Finance, SuhisSwap, InstaDApp, Liquidity, Yearn Finance and Balancer. Maker (MKR) has a price of $3,620 and Yearn Finance has a price of $45,881.
In the last report released by DAPP Reviews which traced trade volumes of decentralized finance blockchains, Ethereum led the way. The smart contracts blockchain controlled more than 85% of volume.
As per information retrieved from Sanbase, Ethereum trails Cardano (ADA), Kusama (KSM) and Polkadot (DOT) in terms of developer activity. In the last 30 days, Ethereum has 338.8 developers on its platform creating new applications which would bring more user activity to the network. Such activity would reflect in the price valuation of the cryptocurrency.
Such statistics is what has made experts at Wallet Investor make bullish predictions about Ethereum in 2021 and beyond.
According to the experts, the value of Ethereum could be traded at an average price of $4,367.30 by the close of September and increase to $5,821.150 by the end of 2021. Analysts further estimates Ethereum to reach average prices of $5,927 by the end of 2022, $6,628.600 by the end of 2023, $8,040 by the end of 2024 and $9,443.730 by the end of 2025.
Wallet Investor has forecasted Ethereum as an asset with a strong-buy rating and a huge potential in the market having returned 321.02% Year-To-Date (YTD).
Read Also: Will Ethereum Reach $10,000?
3. Bitcoin Cash (BCH) - Will BCH retest its all-time high price of $4,355.62 by the end of 2021?
Bitcoin Cash (BCH) is the 12th largest digital asset by market capitalization. Bitcoin Cash came into existence as a result of a misunderstanding between several members of the Bitcoin Community in 2017.
One side of the community led by Roger Ver (one of the first investors of the cryptocurrency) argued that Bitcoin should be maintained as a store of value. To him, Bitcoin was digital gold which was making ways into the mainstream as a transactional currency.
The other side of the community felt Bitcoin should be maintained as both a store of value and a transactional currency.
As a transactional currency, Bitcoin was failing to meet the expectations of its users. Scalability became the primary problem associated with Bitcoin and blockchain technology. Bitcoin could scale 4.6 transactions per second and had average confirmation times which could take 10 minutes. Sometimes, it could take a day to confirm transactions.
This was not helping its cause as a transactional currency. An upgrade was initiated and split the blockchain into two. Bitcoin Cash has a relatively faster processing time. BCH can process 116 transactions per second. Rivals Bitcoin and Ethereum can process 4.6 transactions and 10 to 15 transactions per seconds. Bitcoin Cash’s fast scaling time comes with a low transaction fee of 0.0000075 BCH.
Non-profit organizations such as Heifer International Humanity Road, Khan Academy and Save the Children accept Bitcoin as a payment option for receiving donations.
According to the price forecast of experts at Digital Coin Price, Bitcoin Cash is one of the best cryptocurrencies to invest in. Experts at Digital Coin Price estimate BCH to trade for a coin at $1,443.73 by the end of 2021. The platform believes more partnerships and integrations in the future would have a positive effect on Bitcoin Cash’s price. This could propel the cryptocurrency to trade at $1,770.48 to see out 2022.
Since altcoins normally follow in the footsteps of Bitcoin, a substantial increase in the future could see Bitcoin Cash BCH rally to $1,998.59 by the end of 2023. Experts further predict Bitcoin Cash to have trading prices of $2,486.64 in 2024), $2,871.41 in 2025, $3,597.22 in 2026 and $3,862.46 in 2027.
Digital Coin Price estimate affirms Bitcoin Cash as an asset with a strong buy rating which has a potential to make millionaires in the future.
Check Out: Is Bitcoin Cash a Good Investment?
4. Polkadot (DOT) - From a mere conception of an idea in 2017 to the 8th largest digital asset in the world, is Polkadot a millionaire-maker?
Gavin Wood is widely credited as the founder and face of Polkadot. Co-founders include Thiel Fellow Robert Habermeier and Peter Czaban. Polkadot came about when Gavin Wood was working on the Ethereum Project.
A specification called Sharding needed to be included in the new Ethereum 2.0 to improve its scalability. Instead of jumping right into including the new feature, Gavin Wood decided to tackle the problems which may arise from Sharding.
In a short period of time, he wrote a white paper which was released in November 2016 to support his findings. A heterogeneous multi-chain network called POLKADOT PROTOCOL was created.
The primary reason for the creation of Polkadot is to facilitate interoperability between several blockchains. Gavin Wood came into such a saturated market with a unique innovation which allows ledgers to communicate with each other.
Polkadot has forged successful partnerships with Celer (CELR), Ocean Protocol and Ren. Their integration on the Polkadot ecosystem has brought their cryptocurrencies huge volume and increased their market capitalization as well. Polkadot is adding more developers to its network.
Polkadot (DOT) has 415.9 developers on its ecosystem building new applications. It has decentralized finance applications such as Kusama (KSM), Exeedme (XED), Polkaswap (PSWAP) and Polkastarter (POL) which records good volumes and helps drive the price of DOT.
With such a potential in the future, analyst Shain Vernier of FX Leaders has made predictions which certifies DOT as one of the top cryptocurrencies to buy in the future.
The analyst thinks DOT could exchange hands for $100 by the end of 2021. FX Leaders further predict a price range of $200 to $300 for DOT in the next three years (2024).
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5. Ripple (XRP) - Will XRP test $5 in the near future after Ripple settles case with SEC?
Ripple is the world’s largest cross-border payment solutions company. It is best known for providing on-demand liquidity (ODL) to several financial institutions across the globe.
Even with a case hanging in the balance against the Securities and Exchanges Commission (SEC) of the United States, XRPs market capitalization of $47 billion makes it the 7th largest digital asset in the world.
Ryan Fugger is the originator of the credit network paper of Ripple. Chris Larsen and Jed McCaleb are currently known as the founders and face of Ripple. Ripple started as Open Coin in September 2012 and became Ripple Labs, Inc. in September 2013. Ripple is a currency exchange, real-time gross settlement system and remittance network. Its novel token is XRP.
The whole idea of Ripple is to provide a system which settles the transfer of assets (money) in almost real-time. It is more transparent, cheaper and offers a secure alternative when compared to most of the transfer systems which have been employed by financial institutions. This is done by a process called SWIFT.
This unique feature has seen hundreds of partnerships with financial institutions such as REMITR, TransferGo, Nium, XendPay, Moneygram and Tranglo among others. These institutions use XRP for on-demand liquidity. This explains the activity on the cryptocurrency with regards to a volume.
Ripple is extending its wings into the central bank digital currency. Since CBDCs have started gaining traction in the media, Ripple aims to use its Network to build CBDCs for countries in the near future. In the event Ripple chooses to accept all payments via XRP, there would be an increase in funds stored in on-demand liquidity. This would increase the valuation of the cryptocurrency through its usage.
Previsioni Bitcoin has made bullish predictions which confirms XRP as one of the top cryptocurrencies to buy in 2021. Previsioni Bitcoin estimates XRP to reach $2.14 by June and exchange hands for $4.12 by the end of 2021. This puts XRP on the path to reach the $5 price milestone.
6. Cardano - Will Cardano bring more gains to investors once it’s fully functional?
After leaving Ethereum due to disagreements on how the project should be run in the future, Charles Hoskinson founded Cardano in 2015. Charles Hoskinson has always had a vision of a heavy regulation setting into cryptocurrencies to disrupt the whole crypto finance space.
As a result, he has maintained Cardano as a decentralized asset which is centralized. The other co-founder, Jeremy Wood, was also affiliated to Ethereum. He helped Hoskinson build a great technological solution to rival the project behind the second largest cryptocurrency by market capitalization.
Input-Output Hong Kong (IOHK) was formed. The company uses cryptography to build blockchains and cryptocurrencies for academic institutions, government entities and corporations.
Cardano is a cryptocurrency through its novel token (ADA). It is also a technological platform which helps run financial applications which are used by business organizations as well as individuals globally.
Although Cardano does not have a single use case, its potential in the market is huge. Cardano trails Polkadot and Kusama in terms of developer activity with 396.67 in the last 30 days.
Cardano is constantly accomplishing its project milestones. Once the last milestone has been completed, Cardano can scale up to 1 million transactions per second. This would see ADA scale relatively faster than smart contract competitors Ethereum and Tron (TRX).
With relatively lower fees coupled with an improved blockchain, more developers could opt for Cardano in the future. The blockchain technology’s features may see it become the number one chain for the creation of decentralized protocols and applications.
Trading at a price of $1.78 at the time of writing, the Coin Price Forecast has sent strong-buy signals to all traders and investors through its predictions. Experts at Coin Price Forecasts estimates ADA to trade for a coin at $3.70 by the end of 2021.
The experts at the online crypto prediction portal further predict ADA to have trading prices of $12.41 to close 2022, $19.71 (2023), $30.92 (2024) and $42.55 (2025).
Long term holders could rake in huge gains as Coin Price Forecasts believe Cardano could reach $39.95 (2026), $52.45 (2027), $62.60 (2028), $76.57 (2029), $97.64 (2030) and test $100 for the first time in 2031.
Check Out: Is Cardano a Good Investment?
7. Chainlink - Will LINK see more institutional investment in 2021 after the success of Grayscale in March?
After several blockchain technologies cropped up following the success of Bitcoin, Litecoin, Dash, Ethereum and Dogecoin, they failed to recognize that blockchains are extremely independent.
Sergey Nazarov and Steve Ellis recognized that it is almost impossible to break into any blockchain due to its security features. This meant that blockchains cannot accept new inputs. As a result, they created Chainlink to provide real-time data to help several businesses.
As an open-source technology, Chainlink is constantly being developed by its users, researchers and professional developers. Chainlink is referred to as a decentralized oracle network which connects smart contracts with data in real time. The primary purpose for its creation is to expand the possibilities of smart contracts.
Chainlink constantly upgrades its network to increase the speed of providing real-time data. Additionally, Chainlink’s blockchain has been tagged as the blockchain which can ensure the long term stability and viability of all cryptocurrencies.
It thrives on strong developer activity and has reached milestones in the form of 500 partnerships with projects under decentralized finance, blockchains, node operators and data providers.
Such partnerships, milestones and activity is what has alerted experts at Long Forecast to recommend LINK as an asset with a strong buy rating.
According to the experts at Long Forecast, LINK could trade for $107.46 by the year’s end of 2021. Long Forecast further believes LINK could rise to $157.86 due to Chainlink’s first mover advantage over competitors (Tellor, Nest, Band and Decentralized Information Asset) by the end of 2022.
Long Forecast remains optimistic in the long term and forecasts LINK to exchange hands for $217.33 by the end of 2023.
The digital asset would benefit from the developments of the new white paper which would improve Chainlink’s feature of serving as an interface layer for off-chain resources and smart contracts. LINK is predicted to have a price of $257.36.
Read Also: Chainlink Price Predictions
8. Litecoin - From the 2nd cryptocurrency created to the 10th largest digital asset globally, Can Litecoin reclaim its place as the digital silver?
Former Google employee Charlie Lee created Litecoin in 2011 after Bitcoin started gaining mainstream attention as a digital currency. He created Litecoin from the source code of Bitcoin Core Client.
Charlie Lee was one of the pioneers who recognized the scalability problem which mired the adoption of Bitcoin by mainstream institutions as an option of payment. He didn’t follow Satoshi Nakamoto’s proof-of-work algorithm.
Instead, Lee employed SCRYPT in its algorithm to enable it to scale faster. This is the primary reason why LTC completes transactions in 2.5 minutes while Bitcoin and Ethereum complete transactions in 13.95 and 13.11 minutes respectively.
Litecoin has a great potential of increasing substantially due to its finite supply cap of 84 million. With 79% of coins mined, LTC could experience shortage in the near future. Once this happens, demand and supply would cause price increases.
Aside from this, there are more than 100,000 transactions being processed with LTC. Litecoin is less vulnerable to hacking attempts and could be upgraded in the near future to compete with other smart contract chains like Cardano, Ethereum, Tron, NEO, EOS.io and Polkadot among others. This is as a result of its open-source feature.
Litecoin has successful partnerships with Miami Dolphins and could be purchased by more than 400 million people across PayPal and Skrill. It can also be found on all the popular cryptocurrency exchanges such as Binance, Bybit, OKEx and Huobi Global.
Analysts at Prime XBT have made bullish predictions which have placed LTC under the category of one of the top cryptocurrencies to buy in 2021. According to analysts at Prime XBT, Litecoin could reach a high of $1,250 by the end of 2021 if it adds more partnerships and integrations.
Analysts further forecast the digital silver to trade at a low of $325 and a potential high of $2,500 on 31st December 2022. Prime XBT believes the cryptocurrency can reach a potential high of $1,000 and $10,000 by the end of 2023 and 2024-2025 respectively if it sees more institutional investments in the future.
Read More: Could Litecoin Be A Millionaire-Maker Coin?
9. Binance Coin - Will BNB continue to soar after returning 1,701.9% in the first 4 months of 2021?
Chanpeng Zhao founded Binance in 2017 after experience as a software developer who helped build high-frequency trading systems for businesses. Binance Coin is a cryptocurrency which is normally confused for Binance, the largest cryptocurrency exchange in the world.
Binance Coin (BNB) can be used to trade as well as pay fees on the Binance Exchange. BNB can also be used as a digital currency when investing in exchange traded funds (ETFs), stocks and other assets. Binance records more volume than most cryptocurrency exchanges.
In a new report by Statista, Binance finished third with $40.33 billion in trade volume recorded on 13th April 2021. Since BNB is the novel token of the exchange, there has been increased utility on the cryptocurrency which explains the increased price and market capitalization.
Binance started on Ethereum’s 1.0 network but moved onto its own blockchain called Binance Smart Chain in 2020 due to low processing speed on Ethereum.
Binance Smart Chain has the capacity to process approximately 1.4 million transactions per second. BNB is also powered by decentralized applications and protocols such as PancakeSwap (CAKE). At the time of writing, CAKE had a price of around $20 and market capitalization of $3 billion.
Trading Beasts have made bullish predictions for Binance in 2021 and beyond. According to experts at Trading Beasts, BNB could reach a maximum price of $681.630 by the end of 2021. The experts think Binance Coin could have maximum prices of $852.518 by the year’s end of 2022, $1,052.076 (2023) and $1,244.455 (2024).
Check Out: Is Binance Coin Worth Buying
10. Stellar - Will Stellar reach $1 in the future?
Founder of Ripple, Jed McCaleb and Joyce Kim founded Stellar in 2014. Stellar is the blockchain technology and Lumens is the cryptocurrency which is represented by XLM.
Stellar is an open-source distributed payment infrastructure that facilitates transactions between financial institutions. Stellar was formed to connect financial institutions via blockchain due to its low transaction fees and fast processing times.
Stellar has ventured into a partnership with the government of Ukraine to create central bank digital currencies. Stellar has launched a stablecoin, keeps upgrading its network and has seen a substantial increase in volume on its network. This has resulted in a huge leap in price which has seen XLM return 340.61% Year-To-Date (YTD).
Rayne Harris of Ripple Coin News maintains Stellar is a cryptocurrency for the long term. According to Rayne Harris of Ripple Coin News, Stellar could trade at a price in the range of $1 to $1.40 by the end of 2023. The analyst further forecasts XLM to trade in the range of $2.45 and $2.70 at the end of 2024. XLM is expected to trade for a coin at $5 by the end of 2025.
Conclusion - Should You Invest in These Top Cryptocurrencies?
There are more than 7,000 cryptocurrencies on the market. More than 80% of the digital currencies perform the same functions as transactional currencies. The 10 cryptocurrencies with strong buy ratings are first movers across blockchain, smart contracts, decentralized exchange, cross-border payments, scalability, real data, interoperability and transactions.
These cryptocurrencies have market capitalizations which are above $9 billion. Such valuation certifies these digital assets as large cap assets. With such a status means there is increased investor interest and confidence in the cryptocurrencies. This means that these aforementioned assets are not headed into extinction zones in the near future. You can buy some of these cryptocurrencies and use them as a hedge against potential losses in the future.
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