Investors these days are crazy about cryptocurrencies. In fact, cryptocurrency trading is currently one of the biggest investments worldwide. It is so popular that there are now thousands of options for you to pick from. But of course, some will always be better than others. Based on the most current Cryptocurrency news, here are the top 5 cryptocurrencies to invest in this 2021.
Bitcoin is still the number one cryptocurrency choice for many investors. It has dominated the cryptocurrency market since it was introduced in January 2009. And through the years, Bitcoin has been through a lot of ups and downs. The highest it achieved was around $20,000 in December 2017. Then it collapsed by December 2018 and reached the bottom at $3,234 that same year. But since then, Bitcoin has made a comeback. It surged to as high as $40,000 and more in January 2021.
Bitcoin Cash (BCH)
Because of the congestion that caused Bitcoin transactions to slow down, developers proposed a solution. But with the fear of compromising the integrity of the cryptocurrency, they created their own Bitcoin version in August 2017. And this is called Bitcoin Cash. Compared to the BTC, the BCH can store 8MB of data for faster and more frequent transactions.
Litecoin is created to be easier and less complex compared to other cryptocurrencies. LTC founder Charlie Lee wanted to create a ‘lite’ version of Bitcoin and one that could play the role of the ‘silver to Bitcoin’s gold.’ And that is exactly what he achieved with Litecoin in 2011. Litecoin adopted the features of Bitcoin but with some twists. Transactions with LTC are faster.
Ethereum’s goal is to decentralize the internet. This is done by replacing servers with a worldwide system of nodes. Doing so will create a ‘one computer for the entire world.’ With Ethereum, users can exchange ‘ether.’ This cryptocurrency has become very popular in this industry, with a market cap of about $139 billion, just second to Bitcoin.
Binance Coin (BNB)
BNB is more than just a cryptocurrency. It was originally hosted on ETC until Binance Decentralized Exchange or DEX went online in 2017. Binance DEX will not only allow users to buy and sell Binance coins, but they can also use BNB and convert it to other cryptocurrencies. And because of this, the Binance DEX became the largest cryptocurrency exchange worldwide.
Another popular cryptocurrency to invest in this 2021 is Tron. This cryptocurrency allows its users to use it without leaving any footprint. It protects its users and creators would be able to monetize their content through Tronix.
Knowing which cryptocurrencies to invest in this 2021 is crucial. If you have noticed, you can still see the most popular names at the top of the list. But newer ones have also made it this far. So if you are interested to invest in this industry, make sure that you know which are the most profitable ones these days.