The field of cryptocurrencies is expanding, and investors have seen significant growth in their investments over the past few years. With the developments in blockchain technology and the expansion of cryptocurrency tokens and platforms, more investors are planning to invest in cryptos in a dream to secure a millionaire future.
Cryptos are prone to sudden swaps and can undergo drastic changes overnight. However, here are the top 5 cryptocurrencies to buy that will keep on soaring high in the foreseeable future.
Top 5 Unstoppable Cryptocurrencies to Buy
Cryptocurrencies are indeed volatile, and nothing is certain when it comes to the blockchain world. Let's see five unstoppable cryptos that hit an all-time high and can be the best option for investors to buy.
Bitcoin never goes out of fashion. It is the largest and most popular cryptocurrency and will always top the list of investor's favorite lists. 2021 is indeed an excellent year to kickstart your investment journey with Bitcoin. On February 11, 2021, Bitcoin hit an all-time high rate of $48,050.98 and will continue to grow throughout the year.
There are various changes in the Bitcoin ecosystem by the use of the Lightning Network. For instance, Bitcoin's implementation in decentralized applications and e-commerce platforms have become fast and seamless. Apart from this, Bitcoin has also been increasingly used as a medium of exchange across the world. More than 5000 Bitcoin ATMs and over 15,100 businesses now accept Bitcoin as a form of payment.
Bitcoin is most likely to bring the dominance index to 65-70% compared to other altcoins. With the largest market capitalization in the crypto world, Bitcoin is ranked 1st in the top 5 cryptocurrencies to buy in 2021.
Read Also: Bitcoin Price Prediction
#2 Ethereum (ETH)
More than a store of value, Ethereum, the Bitcoin alternative, is seen as a medium of exchange by crypto users. The Ethereum coin, Ether, has a market cap of around $199,826,863,309 and is one of the best cryptos to buy in 2021. On February 10, 2021, ETC hit an all-time high of $1,826.70, tempting more and more investors to invest in it.
Today Ethereum has a market cap of around 19% of Bitcoin's size and is expected to soar higher once it changes its consensus algorithm from Proof-of-Work to Proof-of-Stake. This will allow faster transaction speed with zero forkings, which will eventually allow Ethereum to secure a name in the top 5 cryptocurrencies to buy now.
With its latest updates and changes, there is enough room for growth and healthy demand for Ethereum among investors. Along with its change in the consensus mechanism, the Ethereum network will accommodate a greater number of transactions, which will make ETC the best crypto to buy for this year and the next few years ahead.
#3: Chainlink (LINK)
Chainlink, a cryptocurrency and a blockchain network used by DeFi that bridges the gap between smart contracts link up data sources, API's and payment systems, has seen massive growth throughout 2020. It is a decentralized Oracle network that allows smart contracts to communicate with outside data. This way, the contact can be executed based on data that Ethereum itself cannot connect to. Chainlink hit an all-time high of $28.60 on February 10, 2021, and has successfully made its place in the top 5 cryptocurrencies list.
Though several crypto platforms have created ways for data providers like Oracle to retrieve data for their network, Chainlink stands out from the crowd because of its reputed system that guarantees complete accuracy of data and ensures the validity of smart contracts. This decentralized Oracle project was one of the big winners of the 2020 crypto economy in terms of partnerships, price action, and network adoption.
According to Crypto analysts, Chainlink's price is predicted to experience a bullish trend, going over $23 in 2021 and soaring for an eventual run up to $60 in the coming five years. Chainlink's market capitalization as of January 2021 is $8.6 billion, and one LINK is valued at $21.53, which is indeed a remarkable rate for investors across the globe.
#4: Polkadot (DOT)
Polkadot is a unique proof-of-stake cryptocurrency with the ultimate goal to become the new internet of blockchains and ensure seamless communication. It aims to deliver interoperability between other blockchains. DOT ranks 4th in the top 5 cryptocurrencies to buy, with an all-time high of $25.58 on February 11, 2021.
Polkadot is a new generation blockchain protocol designed to connect permission and permissionless blockchains and Oracles to allow systems to work together in one single network. In addition to this, by enabling a common set of validators to secure multiple blockchains, Polkadot provides impeccable economic stability to its users.
Polkadot is a cryptocurrency that has a bright future ahead. This coin can upgrade without any hard forks while integrating new features or fixing bugs. These features make DOT an easily adaptable cryptocurrency to upcoming changes and upgrade itself with the advent of technologies. With a market capitalization of $11.2 billion and $12.54 for one DOT as of January 2021, Polkadot is indeed going to be an investor's favourite this year and for the foreseeable future.
#5: Binance Coin (BNB)
Initially, an ERC-20 token that operated on Ethereum blockchain Binance Coin eventually had its mainnet launch. On February 10, 2021, BNB hit an all-time high of $148.07 and is all set to continue its rally throughout the year and over the next few decades.
The network uses a proof-of-stake consensus model and thus allows faster transaction speed. Based on trading volumes, the Binance exchange is one of the most widely used exchanges globally. Binance coin is a utility cryptocurrency that operates as a secure payment method for the fees related to trading on the Binance exchange.
One of the most interesting benefits of investing in BNB is that traders who make transactions with the utility coin on the Binance exchange get a discount of 25%, which is quite a good profit. With a $6.8 billion market capitalization and a token value of $44.26, one BNB, Binance coin indeed firms its position as the top 5 cryptocurrencies to buy today.
Read More: Is Binance Coin A Good Investment?
Top 5 Cryptocurrencies To Buy: In Conclusion
With the widespread adoption of cryptocurrencies and the expansion of crypto exchange platforms, 2021 is indeed going to be an unstoppable year for the crypto market.
If investing in cryptocurrencies is your forte to secure a millionaire future, these are the top 5 cryptocurrencies to buy this year, which will continue to show an unstoppable all-time-high rise over the next few decades.
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Virtual currencies are highly volatile. Your capital is at risk.