Over the past few years, cryptocurrencies have undoubtedly proven to be one of the most profitable and successful investment opportunities. Bitcoin being the de facto standard for cryptocurrencies, paved the groundwork for a flourishing market for digital currencies in 2009.
It ushered in a wave of several other cryptocurrencies built on a decentralized peer-to-peer network. This ever-growing legion of followers has put investors in a state of uncertainty in deciding the best cryptos to buy this year.
That’s why we have put together a list of the best Cryptocurrencies of 2021 for you.
So without further ado…
List of The Best Cryptocurrencies to Buy in 2021:
3. Binance Coin
Features To Consider While Choosing The Best Cryptos To Buy Now
2020 was indeed a historic year, and it has proved that cryptocurrencies have a lot more lasting power. Here are some of the significant features to focus on while choosing the best Cryptos available in the market today.
1. Adoption Rate
Tracking the adoption rate and focusing on the investment in cryptocurrencies presently used in real-world transactions is an excellent way to create your list of the best cryptos to buy now.
2. High Security
With features like smart contracts that enable a set of rules for every transaction, cryptocurrency transactions can be made more secure.
3. Market Cap
Knowing the market cap of the cryptocurrency that you are planning to invest in is a great way to ensure its liquidity and success.
Best Cryptocurrencies To Buy in 2021
Given the track record of cryptocurrencies, 2021 will be the best year to invest in cryptocurrencies. Therefore, going through a list of the best cryptos to buy is assuredly a worthwhile endeavour.
1. Bitcoin (BTC)
Bitcoin, 'the king of cryptocurrencies,' is always on the top of the investment radar for investors worldwide. Apart from being the first cryptocurrency, the primary reason for its significance is its highest liquidity in the crypto space. The ultimate goal of Bitcoin is to be the global, peer-to-peer, digital cash that is entirely decentralized as it is detached from any form of regulation.
When it comes to retail adoption, Bitcoin is the overlord that leads every other cryptocurrency. With a market cap of more than $600 billion, it is without a second thought the strongest cryptocurrency in the market and one of the best cryptos to buy, especially for investors who are new to the asset class.
Bitpay's Sonny Singh recently told Bloomberg in January 2021 that "he expects BTC to reach $45,000 by next month."
2. Ethereum (ETH)
Ethereum, the first Bitcoin alternative, is a blockchain-based decentralized platform. Crypto Enthusiast has termed Ethereum as an alternative to fiat currency. Ethereum ranks second in the "best cryptocurrency to buy in 2021" list because it is one of the few cryptocurrencies that can be used to buy other coins. With a market cap approaching $139 billion, Ether, the Ethereum coin, has become one of the popular cryptocurrencies in the blockchain world.
Ethereum, operating as a decentralized software platform, enables Smart Contracts and Decentralized Applications (DApps) to be built and run without any control or interference from third-party.
Ethereum has planned to change its consensus algorithm from proof-of-work to proof-of-stake in 2021, which paves the way for an improved transaction speed within its network. With a market cap of roughly 19% of Bitcoin's size, Ethereum will remain a strong investment choice in the future.
3. Binance Coin (BNB)
In terms of usability and efficiency, Binance Coin is one of the best cryptocurrencies to buy today in the market. Binance Coin, the official token of Binance exchange, allows users to trade in other cryptos seamlessly and simplify transaction fees. Binance's decentralized exchanges operate on the Binance coin's blockchain platform, and this exchange, founded by Changpeng Zhao, is the largest cryptocurrency exchange in the world based on volume.
Binance's market capitalization is $6.8 billion, with one BNB having a value of $44.26 as reported in January 2021, making it one of the best buy cryptos this year.
4. Litecoin (LTC)
Charlee Lee, a former Google employee, wanted to create the 'lite' version of Bitcoin to make it less complex for those puzzled by its underlying technology. He developed a cryptocurrency called Litecoin that could play the role of 'silver to Bitcoin's gold.' Litecoin is based on an open-source global payment network that uses "scrypt" as a proof of work and is free of any central authority control.
Litecoin has a faster-growing merchandise today because of its faster transaction rate and a lower system requirement. Litecoin's market capitalization is $10.1 billion, which makes it the sixth-largest cryptocurrency as of January 2021.
5. Tron (TRX)
The primary reason why Tron is included in the best cryptos to buy a list of 2021 is that it acquired BitTorrent a couple of years ago. If they manage to develop decentralized and more secure torrenting methods, Tron is indeed a thriving platform for investors worldwide.
The founders of Tron created this blockchain-based platform for sharing content. Along with ensuring high security, Tron allows creators to monetize their content directly via Tronix, a form of Tron's cryptocurrency.
Users can also send a million dollars in TRX to anywhere in the world in seconds without a single transaction fee. With a mission to completely decentralize the internet, Tron is fast-growing, with more than $81 million cryptocurrency investors making it one of the best crypto coins available today.
Read Also: What Will Drive The TRX Price In 2021?
6. Cardano (ADA)
Cardano is a cryptocurrency and smart contract platform. Cardano is often defined as a third-generation cryptocurrency which solves the scalability problems of first-generation and second-generation cryptocurrencies like Bitcoin and Ethereum. Cardano’s layered architecture offers better scalability than other cryptocurrencies.
Why is Cardano in our list of cryptocurrencies to buy in 2021? Well, Cardano has already had a stellar year in 2020. The project now has over 1400 stake pools and has partnered with over a hundred institutions. Both these numbers are predicted to grow in 2021 and beyond. Cardano has also expanded its team, welcoming 11 new additions to the team.
Cardano’s transition from Bryon to Shelly was also considered a major milestone for the project and the platform has continued working on developments like Voltaire. The Goguen mainnet is also slated to launch in February or March 2021. This launch will position Cardano as a real challenger to Ethereum’s monopoly. New functionalities will be the major factor in the adoption of Cardano, making it one of the best cryptocurrencies that you can buy.
Bottom Line For Best Cryptos To Buy In 2021
The crypto market is a flourishing investment market today with a plethora of cryptocurrencies and intelligent blockchain platforms. Whether you are a new investor or trying to diversify their market, the currencies mentioned above are some of the best cryptocurrencies to invest in 2021 to create your successful investment story.
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Virtual currencies are highly volatile. Your capital is at risk.