What Top 10 Cryptocurrencies Will Explode In 2021?
Top 10 Cryptocurrencies In 2021
Planning to buy or invest in cryptocurrencies in 2021? With more than 7,000 cryptocurrencies, choosing the best cryptocurrencies to invest in 2021 is not an easy thing to do. Fear not, we at Trading Education have put a list together of the best cryptocurrencies to invest in 2021
If you have any plans to invest in the crypto market this year, we have good news for you! According to many crypto enthusiasts, 2021 is going to be the best year to invest in cryptocurrencies.
When it comes to deciding what crypto to invest in, the choice can be somewhat overwhelming as there are thousands of cryptocurrencies available on the marketplace.
It’s difficult and time-consuming to do your research and sort the worthy ones from the “unfruitful” ones.
That’s why we’re here to help you. The following is a list of top 10 cryptocurrencies that are expected to explode in 2021 and make an even bigger impact in the years to come.
Ultimately, there is no single cryptocurrency we can point out as the best of the best. There are simply too many to choose from and the list keeps growing.
Many cryptocurrencies offer quite attractive opportunities for investment, depending on what you’re looking for and what your investment goals are.
One other thing to consider is the level of experience you have.
For instance, some cryptocurrencies might be a good investment for beginners, while others are suitable for more advanced crypto traders.
You also have to keep in mind that buying the best cryptocurrencies is not enough to be a successful crypto trader.
A quick word on security!
Many traders have witnessed their crypto journey come to an end because they didn’t pay enough attention to security.
If you are truly serious about investing in cryptocurrencies, you have to put effort into protecting your investment by reinforcing your security.
Many mistakes cryptocurrency investors make are related to security. For example, forgetting to enable 2FA (two-factor authentication), leaving your coins in an exchange, not owning a hardware wallet and more.
Let’s get back to our topic of discussion!
So, in this article, we are going to give you everything you need to know about the best cryptocurrencies to buy for 2021.
By the end of the article, you should have a solid understanding of the top cryptocurrencies in 2021, how to invest in them (and why you should consider), and some of the best cryptos to get you started on your journey.
What top 10 cryptocurrencies will explode in 2021?
This list will always be changing as cryptocurrencies come and go. Not all cryptos can stand the test of time, though there are definitely some in 2021 that you will be familiar with.
Here’s a look at the top 10 cryptocurrencies to consider in 2021:
Bitcoin - BTC
When talking about the top 10 cryptocurrencies to invest in right now, cryptocurrencies in general or smart crypto investments, all discussions should start with Bitcoin.
Why is that?
Well, it’s because Bitcoin is the most used cryptocurrency to date, often referred to as “the king of cryptocurrencies”.
The main goal of Bitcoin is to become global, peer-to-peer, digital cash, which is detached from any form of regulation and thus fully decentralised.
Bitcoin was also the first cryptocurrency and there are still many that believe it will be the last one standing in the end.
Other than that, the reason why you should keep Bitcoin on your investment radar is that it has the highest liquidity in the crypto space, which also makes it the best cryptocurrency to buy if you are a beginner.
Ultimately, you will have absolutely no trouble buying or selling Bitcoin. People are buying and selling Bitcoin non-stop.
There will always be someone on the other end ready to match your order. Not just that but Bitcoin is also known to be one of the most stable cryptocurrencies, despite its volatility.
Bitcoin’s influence, demand and mass adoption are expected to go up in the years to come (perhaps more so than any of its rivals).
As demand increases, Bitcoin’s price is expected to rise substantially as there will only ever be 21 million coins.
Have You Considered Buying Bitcoin in 2021?
Litecoin - LTC
One of the main reasons to consider investing in Litecoin this year is its high liquidity and a large market cap.
If you want to avoid risks, stay away from coins with smaller market caps and communities and go with cryptocurrencies like Litecoin.
Why do we think Litecoin will explode this year and in the years to come?
Well, there’s a limited supply of 84 million coins (in comparison to Bitcoin’s 21 million) and a block reward of 25 LTC, which is a very high block reward compared to other cryptos!
Also, the average time to mine a block on the LTC blockchain is approximately two minutes, which is also faster than most other cryptos around today.
This, along with the fact that Litecoin is one of the big four on Coinbase, many experts think that whatever happens in the future, Litecoin will surely remain one of the altcoins that keeps standing strong throughout 2021.
In 2021, Litecoin is still considered one of the best cryptocurrencies, despite the strong competition. While it may not technically be the best, it still offers excellent investment opportunities.
Have You Considered Investing in Litecoin?
Ethereum - ETH
You can’t go wrong with Ethereum.
Ethereum, is one of the best cryptocurrency to invest and was the first major project to introduce smart contracts, allowing developers to launch desktop and mobile decentralised applications (dApps) on the back of blockchain technology, and has remained one of the top ten cryptocurrencies up until 2021 and it will probably stay that way for decades to come.
Not just that but Ethereum is the second most liquid cryptocurrency, ranking right below Bitcoin. This means that you will have no issues with buying or selling Ethereum.
Just like Bitcoin, there is always someone waiting on the other side of your trade to buy or sell Ethereum.
One more reason to believe that Ethereum will remain a strong investment in the years to come is that it has a loyal team and community.
This gives Ethereum a better chance of staying stable and only increasing in value in the long run, well after 2021.
In addition, much more Ether (Ethereum tokens) can exist in comparison to Bitcoin or Litecoin, which means it is less likely to encounter issues with scaling and is less likely to become a ‘closed economy’ where only a few have access to tokens.
Ether fuels the dApp ecosystem, meaning that millions of developers and companies will need it to support their smart contracts and launch applications.
And that’s even before you consider all the other different tokens that Ethereum supports on its blockchain (Tron, for example, started out as an ERC-20)!
Have You Considered Investing in Ethereum in 2021?
Basic Attention Token - BAT
BAT has been one of the hottest and best cryptocurrencies throughout 2018, 2019, 2020, and looks like it will continue that trend well into 2021.
Basic Attention Token (BAT) is a utility token that is utilised by the Brave Browser.
The BAT token is used to tip content creators, as well as virtually anyone you find helpful on the Internet. It’s a niche area that is ripe for the picking.
You can choose how to tip them for any insightful information or content you receive. This has a lot of potential as the web browser industry is quite enormous.
Not just that but users who watch ads can also get rewarded in BAT. This is an area yet to be explored and potentially could lead to a lot of new opportunities for both the end viewer and the Brave Browser.
With so many other coins collapsing, BAT remains surprisingly consistent, which is a good sign of a healthy accumulation.
The demand for the coin is expected to grow, which would likely lead to an increase in price valuation for the token in 2021.
Ultimately though, it really depends on how the community grows around the Brave browser and if people see value in their idea.
Have You Considered Buying BAT?
Cardano - ADA
Cardano has been a strong player since it entered the game back in 2015 and 2021 looks like it will be another strong year for this cryptocurrency.
The key thing that stands out about Cardano is its Ouroboros blockchain, which is really two blockchains that work in tandem with each other.
One blockchain deals with general, ordinary transactions, while the other handles smart contracts.
The idea is that by separating the two, Cardano can ensure scalability and speed as the two types of transactions will not slow each other down.
But there is also a lot more going on with Cardano than first meets the eye.
Cardano is a third-generation cryptocurrency that seems to be doing a lot of what Ethereum is already doing but is already using a Proof of Stake algorithm, a move Ethereum has been planning for a long time.
On top of that, Cardano also uses time slots (referred to as an ‘epoch’), where transaction blocks need to be created within a certain time frame by ‘slot leaders’ who are voted for by stakeholders.
In July 2020, Cardano got close to reaching a $4 billion market cap and a single coin was $0.15 (pretty affordable!).
Have You Considered Investing in Cardano?
Bitcoin Cash - BCH
Bitcoin Cash has been a thorn in Bitcoin’s side since the day the Bitcoin blockchain was forked in August 2017, and in its three short years, it has garnered a lot of attention from some big names.
‘Bitcoin Jesus’ - Roger Ver - is often regarded as the face behind Bitcoin Cash, previously being a very adamant supporter of Bitcoin.
Like many Bitcoin Cash supporters, he believes that the original Bitcoin has changed far too much from what it was intended to be.
Bitcoin Cash supporters point to how Bitcoin has adopted things like the Lightning Network and SegWit2x, which they believe are unnecessary and move away from Nakamoto’s original vision shown in his white paper.
However, the Bitcoin Cash team are now working towards implementing smart contracts, which many believe is a huge contraction. Some felt so strongly about this, they jumped ship again, this time to create Bitcoin SV.
Another key thing Bitcoin Cash has over Bitcoin is much cheaper fees for transactions as well as being a lot cheaper to invest in too.
Despite all the drama, Bitcoin Cash still has plenty of opportunities to invest and make a handsome fortune.
In 2020, Bitcoin Cash’s highest point was in February where it reached almost a $9 billion market cap, getting close to $500 per coin.
Have You Considered Investing in Bitcoin Cash?
Binance Coin - BNB
Binance Coin is one of the best cryptocurrencies to buy in 2021 if you want to diversify your portfolio and already own major coins like BTC or ETH.
The company behind the coin, Binance, has a solid business history and an experienced team behind its main concept, which is to be a ‘utility token’.
The value of Binance Coin comes from how useful it is, along with the level of demand for its utility.
The success of the Binance exchange is proof to a lot of investors that they have the skills and resources to make this coin a success.
Binance Coin is also one of the most liquid cryptocurrencies right now, ranked within the top 10 on CoinMarketCap.
Its volume shows consistent growth as well. Despite volatility, the price of Binance Coin multiplied three times in the previous year.
The Binance Exchange is also one of the world’s fastest-growing cryptocurrency exchanges and is immensely popular.
Any transactions on the exchange are done using Binance Coin, making BNB one of the fastest-growing cryptocurrencies this year, in terms of trading volume.
Should You Invest in Binance Coin?
TRON - TRX
The reason why we’re adding Tron to the list is that a couple of years ago it acquired BitTorrent.
In the long term, this could mean big things for the company and their value if they manage to develop more secure and decentralised torrenting methods.
Some expect innovations such as distributing file parts across a network and recombining them for users to download.
Ultimately, Tron is considered an ambitious initiative with a lot lined up in the years to come.
Another reason why TRON is on our list is that TRX or Tronix (the name of the cryptocurrency used on the Tron network) is one of the few ERC-20 tokens that made it to the main net. Its blockchain is up and running!
TRON also has over 4 million accounts as of 2021 (though it is not clear how many are active). The growth is quite impressive and shows how much potential TRON has; not many other cryptocurrencies can claim to have so many users.
Throughout 2020, TRX ranked 15th on the list of the largest cryptocurrencies by market capitalisation, according to CoinMarketCap.
Tronix can also be used by content consumers to pay content creators for access to original material, in a similar way to BAT.
The coins would then go to the producers’ accounts and can be exchanged for other cryptos or used to pay for various blockchain services.
For these reasons, experts believe TRX is an altcoin with a future and investors should consider doing more research before investing in it in 2021.
Should You Invest in TRON in 2021?
EOS - EOS
A lot of people who have addressed the shortcomings of the Ethereum network are already shifting their investments to EOS or as some call it ‘The Ethereum Killer’.
EOS has already overcome some of Ethereum’s barriers such as the requirement to know how to code in Solidity to develop dApps and is well-known for providing services to developers, including account management services and creating databases that do not require programming knowledge.
Investors are also praising the many technological advantages of EOS, including the fact that the platform performs much faster than Ethereum and Bitcoin and is more scalable.
There is also no need for users to pay gas fees to use the network, instead there’s a centralised group of 21 gatekeepers who approve transactions.
Another reason why EOS might attract your attention this year is the huge and very enthusiastic community.
On top of that, EOS completed a very successful token sale and has acquired more than the capital it needs to develop to its full potential in 2021 and the years to come.
Should You Invest in EOS?
Ripple - XRP
When it comes to market capitalisation, Ripple comes in fourth place, closely following Bitcoin and Ethereum.
The concept and goals of Ripple are a little different than the rest of the cryptocurrencies on this list.
Ripple is a venture-backed start-up that offers financial settlement services to banks which allows them to make transactions directly and instantly across national borders.
Because of this, Ripple is oriented more towards large institutions, rather than to individual users.
It has partnered with large banks around the world and even more financial institutions are looking to adopt the Ripple protocol.
The reason experts think Ripple might explode in 2021 and in the years to come is the fact that due to its institutional support and being safe from SEC (U.S. Securities and Exchange Commission) regulation.
XRP will surely remain a powerhouse among the cryptocurrency community and indeed one of the best cryptocurrencies.
Should You Invest In Ripple?
Final Words on cryptocurrency in 2021
We hope that by now, you have a good idea of some of the top 10 cryptocurrencies that will explode in 2021 and might end up bringing you profit if you consider investing in them.
Keep in mind that investing is always a risky process and it’s not something to be rushed.
You should only make investment decisions after spending a significant amount of time researching the investment opportunity.
Ideally, you should know as much as possible about how your chosen crypto works, it’s chances of success and, perhaps most importantly, what affects its price.
Don’t judge cryptocurrencies only on market cap, coin price and volatility
While everyone is throwing money at volatile high-risk cryptocurrencies and losing it all, you could be steadily making your fortune with something more stable.
You’ll be the one laughing in the end (trading is really all about being consistent, not risking all).
Have a plan when you choose to invest and set yourself sensible goals that you know are achievable!
Which Cryptocurrency to Invest in 2021?
All of the above-mentioned cryptocurrencies are considered safe investments by many experts and investors for 2021.
They impress with solid teams behind them, strong communities, ambition and proven history. Some of those listed are great for beginners as well.
Whether you are just about to enter the world of cryptocurrencies or want to diversify your existing portfolio with some of the top cryptocurrencies in 2021, many cryptocurrency experts think that investing in any of these cryptocurrencies has the potential to turn into a great success story.
When it comes to unknown cryptocurrencies, by which we mean cryptocurrencies that are very new and little is known about them, a high degree of caution should be exercised.
This is especially the case for unknown cryptocurrencies that have shot up in value for no clearly identifiable reason, and even more so when people make explicit claims that there is a profit to be made.
Ideally, you should look for cryptocurrencies that have an established track record.
And that’s why it’s not too surprising that most of the cryptocurrencies, if not all, on this list for 2021 are well-known to you; their performance has given us trust.
eToro – The Best Cryptocurrency Trading Platform For Both Traders and Investors
eToro have proven themselves trustworthy within the industry over many years – we recommend you try them out.
Why You Should Choose eToro
Now you know the top 10 best cryptocurrencies to invest in 2021. If you’re feeling inspired enough to start trading the top cryptocurrencies, or if this article has provided some extra insight to your existing trading knowledge, you may be pleased to know that eToro provides the ability to trade with crypto assets and CFDs on up to 90+ cryptocurrencies.
Trading cryptocurrency with eToro comes with certain benefits, such as the ability to:
- Trade with a well-established, highly regulated company. Regulated in the USA, the UK’s Financial Conduct Authority, the Australian Securities and Investments Commission, and the Cyprus Securities and Exchange Commission.
- Access a wider variety of top cryptocurrencies: As a global pioneer in cryptocurrency trading, eToro’s platform already offers many of the world’s most popular digital currencies.
- Buy and sell or go long and short cryptocurrency CFDs. Meaning you could potentially profit from both rising and falling markets.
- Be part of a greater crypto community: We’ve found eToro/s crypto traders to be innovative, savvy and progressive thinkers who are as enthusiastic about the future of blockchain as we are! eToro is not just a platform for investing - it’s also the ideal place to engage, connect, and share knowledge with one another.
- Discover the smartest way to invest in cryptocurrencies: The innovative CryptoPortfolio™ is a first-of-its-kind financial instrument; a diversified and balanced portfolio of top-performing cryptocurrencies, professionally managed by eToro’s investment experts for optimal investment.
- Let experienced crypto traders work for you: eToro’s exclusive CopyTrader™ technology enables clients to compare top traders’ performance and choose to replicate their trading activity automatically and in real-time.
If you remember anything from What Top 10 Cryptocurrencies Will Explode in 2021, make it these key points.
- Never overlook security before investing in cryptocurrency. You’ve got to keep your investment safe! Hackers in 2021 are only going to get smarter.
- Bitcoin, Litecoin, Ethereum, BAT, Bitcoin Cash, Binance Coin, Tron, EOS and Ripple; These are our top 10 cryptocurrencies for 2021.
- Stick to established cryptocurrencies when looking to invest. Steer clear from unknown cryptocurrencies, especially when they guarantee a profit.
- eToro is currently the best broker to invest in cryptocurrencies right now. They have the best range of cryptocurrencies to trade with.
Top 10 cryptocurrencies to Explode in 2021 (Infographic)
If you enjoyed reading the What Top 10 Cryptocurrencies Will Explode In 2021, please give it a like and share it with anyone else you think it may be of interest to.
Disclaimer: Cryptocurrencies are highly volatile. Your capital is at risk
Trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors.