What Are The Best Cryptocurrencies To Trade In 2021?

Best Cryptocurrencies to Trade This Year

Last Updated July 23rd 2021
12 Min Read

Do you want to skip the read and get right to our top picks? The best Cryptocurrency to trade is Bitcoin or Ethereum.

Planning to trade cryptocurrencies in 2021? With more than 6,000 cryptocurrency assets, choosing the top cryptocurrencies to trade in 2021 is not an easy task. Fear not, we at Trading Education have put a list together of the best 10 cryptocurrencies to trade in 2021

If you have any plans to start tradin the crypto market in 2021, we have good news for you! According to many crypto analysts, 2021 is going to be the best year to trade cryptocurrencies.

The market for cryptocurrencies has been a subject of interest for quite a while now with the rapid evolution of digital platforms. Trading cryptocurrencies have been interestingly fruitful in comparison to trading traditional assets such as commodities and stocks.

That is why we have put together a list of the best cryptos to trade of 2021 for you.  

So without further ado…

The Top 10 Best Cryptocurrencies To Trade In 2021:

1. Bitcoin

2. Ethereum

3. Ripple

4. Litecoin

5. IOTA

6. Dash

7. Cardano

8. Ethereum Classic

9. Stellar

10. Neo

 

What are The Best Cryptocurrencies to Trade In 2021?

In case someone is planning to get into trading, cryptocurrencies are definitely the best eggs in the basket. Since the market has a great number of around 1000 different types of coins, thus amateurs might find it a bit perplexing to choose the right currencies to spend their values.  

Here’s a look at the top 10 cryptocurrencies to consider trading in 2021: 

1. Bitcoin (BTC)

Bitcoin has been entitled as the gold of crypto coins, although it went through a major pitfall back in March 2020 because of the outbreak of pandemic resulting in a loss of $4000 per coin. Bitcoin, as usual, has shown quick recovery rates, and the coin has been priced up above $50,000.

The forecasts about the surge in the Bitcoin markets predict that the upheaval in the prices can shoot as high as $100,00 as 2021 ends. It was indicated by the Citibank that the market values can high the graphs as high as $300,000, which is 6 times greater than the current values.   

What drives Bitcoin price?

Factor 1: Supply and Demand 

Factor 2: Market Competition 

Factor 3: Regulation and Adoption of Bitcoin

Read More: Bitcoin Trading Tips to Follow

2. Ethereum (ETH)

Ethereum is second in the list of cryptocurrencies with having solid market grounds. Lately, the cost of Ethereum has been fluctuating, with the price to be at above $3,800

The up-gradation to Ethereum 2.0 with more decentralized frameworks is the most compelling reason to trade Ethereum. The key pros of trading Ethereum include second most fluid and dynamic currency, upholding a savvy and smart contract, and taking into account decentralized portable applications, dApps.

What drives Ethereum price?

Factor 1: Demands from the developers

Factor 2: The Triangular Arbitrage of Ethereum, Bitcoin, and Ethereum Classic

Factor 3: Mining Profitability 

Read More: Is Ethereum The Future Of Blockchain Technology?

3. Ripple (XRP) 

This coin's significant advantages incorporate the incredibly low conversion scale and the instant system of notifications for your exchanges because of the process of validations that sidesteps the national bank. Likewise, Ripple utilizes its administrations to help out banks and other monetary foundations, which, consequently, adds to its dependability. 

The best and ideal opportunity to purchase Ripple is currently, while the cost is still very low and reasonable, particularly in contrast with different coins accessible available today: $1.35. In the event that you consider the purchase at the base and sell at the top standard, at that point, the choice is very straightforward.

What drives Ripple price?

Factor 1: Technology 

Factor 2: The Hyper Drift 

Factor 3: The Holders Of Ripple

Read More: How Much Will XRP Be Worth In The Next 5 Years?

4. Litecoin (LTC)

There has been an increase in Litecoin price, and it has recently shown promising improvement. Currently, Litecoin is trading around $320. The LTC cost has been potentially increasing, and with the estimation of it reaching $500 by year's end.

So much is expected from Litecoin as it is now the world's seventh-biggest digital money. This is done because of the reason that they changed their technology.

Litecoin has made its own recognition due to the reason that it informs of confidential transactions with wear off the fungibility issue. This was a huge leap in making Litecoin have its own personality. This type of confidential transaction will solve the problem of what the great or product has been put to utilize, which has been characteristic in open blockchains.

In a statement by Oracletime, the pro of having Litecoin as compared to Bitcoin will grab the attention of many viewers. Their forecast by the end of 2021 for Litecoin is $1000, but it might go up to $2000.

There is another projection by Investingpr that more traders could trade in Litecoin just because they want to explore other options rather than Bitcoin so that they can reduce the risk.

What drives the Litecoin price?

Factor 1: Competitive Coins

Factor 2: Increase In The Adoption 

Factor 3: Post Covid - 19 Crisis

Factor 4: The Appetite For Risk 

Read More: What Will Litecoin Be Worth In 10 Years?

5. IOTA (MIOTA)

By considering the past of IOTA market capitalization, its market value was always down until 2020; this cryptocurrency started improving and increasing fortunes by late 2020. IOTA entered 2020 with a market cap of $446 million, and currently, this coin surpassed $5.4 billion, gaining over 1200%.

The reason this coin is different from others is their technology using IoT. IOTA is a unique distributed ledger, but it is not a blockchain network. It has a proprietary technology known as Tangle, which is highly scalable and ensures faster transaction.

In 2017 out of all the altcoins, IOTA gathered a huge amount of market cap and volume that helped the coin in raising its market and skyrocketing its value to an all-time high of over $5 per MIOTA token.

2017 was a tremendous year for IOTA. Though it had a drop down in the following years, IOTA is all set to initiate yet another bullish ride in 2021 with its novel upgrades. Due to its increasing popularity, currently, IOTA is traded at around $1.94. This coin could rise once again and it could make a comeback like it did in the 2017 crypto boom. 

What drives IOTA price?

Factor 1: Attention Of Media 

Factor 2: Corporate Partnerships 

Read More: IOTA Price Prediction Forecast

6. Dash (DASH)

An explanation of why numerous tech lovers put resources into the coin is that it differentiates their portfolios and may be seen as a supporting device against Bitcoin, the establishing crypto. 

2021 can be a very productive year for the traders of Dash since the investors are establishing enhanced partnerships with payment system providers. Dash is a more feasible and practical currency, offers more functionality, and therefore it is easy to spend.

The features that make dash standout include 

  • Spork 
  • Chain Lock 
  • PrivateSend Protocol
  • InstSend Protocol

These highlights can help the scramble coin acquire a lot greater cost of $2,000 per coin. In the event that the drive for practical crypto proceeds into 2021, the cost may even see an illustrative move.

What drives Dash price?

Factor 1: Competitive Edge

Factor 2: Adoption Rates 

Read More: Dash Price Prediction Forecast

7. Cardano (ADA) 

Cardano ADA coin has a number of attributes that can make it a major trading spree in the upcoming years. The cryptocurrency has a distinct outline of functionality, such as methods of payments and voting tools for the holders of ADA. Cardano facilitates its users to maintain security by creating a transaction verification on the blockchain. Cardano can be stored and exchanged on a number of currency wallets, and it has a rather decentralized approach. Cardano has a native wallet that is called Daedalus, which helps the users in holding the investments and serves as a tool for trading. It also benefits its users by giving them rewards, and the holders can earn coins.

 The key features that make Cardano stand out in the league of cryptocurrencies are:

  • A progressive team for developments and upgrades
  • The potential to provide unlimited scalability 
  • Quick and cheap transaction systems
  • Decentralized Applications

What drives Cardano price?

Factor: 1 Decentralization

Factor: 2 Number of DApps 

Read More: What Will Cardano Be Worth In Five Years?

8. Ethereum Classic (ETC)

Ethereum Classic had a tremendous growth pattern from the beginning of the year when it exchanged hands around $5.5. ETC currently is traded at around $90. Long Forecast predicts that Ethereum Classic price might continue to rise, reaching $256 at the end of this year. 

What drives Ethereum Classic price

Factor 1: Adoption of Ethereum Classic

Factor 2: Attack of networks

Read More: How to Trade Ethereum Classic: A Step-by-Step Guide

9. Stellar (XLM)

The association of Stellar with IBM and its wide use in the South Pacific, where it is now liable for 60% of cross-line instalments in the retail trade, makes XLM worth it. Stellar has made great partnerships, integrations and gained institutional interest in the last year. XLM has performed extremely well in 2021. XLM has so far returned 379.20% YTD. Stellar Lumen (XLM) is currently trading at a price of around $0.60

What drives the Stellar price?

Factor 1: Impact of Society 

Factor 2: Market Competition 

Factor 3: Adoption Rates

Read More: Stellar (XLM) Price Prediction for 2025 and 2030

10. Neo (NEO)

The capacities of NEO are rather impressive since its distinctive features make it stand out in the market in comparison to other cryptocurrencies. The platform enables its users to record, consume, sell, transfer, and exchange a number of crypto assets. What NEO does exclusively is that it enables its users to link their physical assets with digital avatars on the network. However, the value viewpoint for NEO is somewhat questionable. 

For the time being, you ought to hope to consider unpredictability since the vulnerability encompassing the cryptocurrency's future. In the medium to long term, the situation can be rather orthodox because the Chinese government will start a full crackdown on digital forms of money, in which case you ought to hope to see NEO's value going through a major crisis.

What Drives NEO price?

Factor 1: Competitors 

Factor 2: Attention of Media 

Read More: Could NEO Be A Millionaire-Maker?

Start Trading the top 10 Cryptocurrencies 

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eToro – The Best Cryptocurrency Platform 

eToro have proven themselves trustworthy within the Crypto industry over many years – we recommend you try them out.

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Key Points

  • Fundamental cryptocurrencies to trade in 2021 are booming right now.
  • The best cryptocurrencies to trade in 2021 are Bitcoin, Ethereum, Ripple, Litecoin, IOTA, DASH, Cardano, Ethereum Classic, Stellar and NEO.
  • Bitcoin is standing out in the market as the prime cryptocurrency. 
  • Ethereum is establishing solid frameworks for trading.
  • Ideal opportunity to buy and trade is Ripple XRP.
  • Litecoin is back in a healthy competition with Bitcoin.
  • IOTA is also priming with technological advancements.
  • Exclusive features of DASH make it a good choice.
  • Cardano ADA is also a proven productive trading asset.
  • Ethereum Classic continues to be a viable option for trading. 
  • Stellar is also holding its position as a viable trading option.
  • NEO is the next contemporary cryptocurrency for trading.

Among all the currencies that have been traded, Bitcoin has, of course, evidently ruled over the markets as an eminent coin, it is definitely not the only currency with effective return rates. It has been reported in the predictions of XRP Price Predictions for 2021, cryptocurrencies are becoming a keen object of interest for traders, and thus deliberate new graphs are plotting as a result of these intriguing investments.

Other leading cryptocurrencies to trade in 2021 include Ripple, Ethereum, Litecoin, and IOTA.

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