Cryptocurrencies 2021. If you are thinking about buying or investing in cryptocurrencies this is the best time to do it, and to help you make the best decision in this post we are going to list you some of the best cryptocurrencies to invest in 2021.
Throughout the post we will leave you with some cryptocurrency recommendations and why we think they can be a good option to invest this year.
- Bitcoin Cash
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We will start with Bitcoin because, despite its ups and downs, we believe it has recovered favorably in recent months. In fact, its trend in recent days has been upward and its price is expected to continue to rise.
At the moment, its value stands at around $56,500, and expectations are good for price growth. Especially after the ‘halving’ that is expected in a few months and which will surely be a boost for its price.
Investing in BTC in the short term could bring you some benefits, although if you are patient and bet on the long term, analysts say that the best is yet to come and what will surprise you. Also think of the possibility to earn interest on your BTC holdings.
One of the forks of Bitcoin is Bitcoin Cash (BCH), which can also be an interesting alternative if you do not want to invest in the original cryptocurrency.
With the same blockchain technology and a great potential you have the opportunity to invest in this cryptocurrency that has a more affordable price for your pocket.
Bitcoin Cash is currently trading at $532.25.
Expectations are also favorable because generally if Bitcoin does well its forks, such as Bitcoin Cash, also tend to do well and analysts are optimistic.
If you are thinking about investing in the second cryptocurrency in the market with a market capitalization of 16 million against the 154 million that Bitcoin, the leading cryptocurrency in the market, has, let us tell you that popular predictions regarding Ethereum’s price are optimistic.
Despite the fact that last year was not the best for Ethereum the blockchain technology has more and more presence in the markets and by 2021 it is estimated that it will start to be very important for international trade.
In fact, Bitcoin and Ethereum alone already enjoy 25% of the cryptocurrency industry.
Ethereum plummeted to nine-month lows and lost practically all of its 2019 gains. There are even some exchange houses which intend to remove ETH from their list of tradable ones.
However, many others see in the Istanbul hard fork the hope for Ethereum to regain its value during this 2021. In addition, with the ETH 2.0 update they will try to change the mechanism from PoW (Proof of Work) to PoS (Proof of Stake).
In any case, regardless of whether the evolution throughout 2021 is good without a doubt now is a perfect time to invest, that the cryptocurrency is at $1239.02.
Despite falling below its support of $ 0.25, expectations for 2021 are optimistic and there are some events that could serve to boost the cryptocurrency, such as Ripple’s trade agreements that will be key to its growth.
At a technological level we know that Ripple is very powerful and that its network is capable of handling 1500 transactions per secure, 24/7 and has the ability to scale. There is no doubt of its potential and among its interests is to become a system at the same level as VISA.
The cryptocurrency market does not need a selection of 2,000 cryptocurrencies, but coins that really work, as in this case XRP. If the time comes and the industry shrinks looking for quality, have no doubt that Ripple will remain.
Therefore, investing in Ripple today is investing in the future and in a quality industry.
LTC, like many other cryptocurrencies, suffered quite a lot during 2018, and although it started 2019 with good figures becoming a very profitable alternative within this market unfortunately in the middle of last year its price fell again.
Although they are only rumors it is expected that Litecoin could incorporate private transactions on the network, which would make it more fungible. In addition, LTC is much more efficient than BTC and is very useful for smaller transactions.
On the other hand, we know that its blockchain has been used to implement different innovative technologies that today are very relevant and crucial for the industry.
Another point in favor is that there are more and more processors that add Litecoin among the assets to make payments. And it is likely that Bitcoin’s halving and its positive movements will be reflected in other altcoins such as LTC.
At the moment one LTC is worth $155.51 and as we say the expectations are good.
It is a project of Chinese entrepreneurs, led by Justin Sun, focused on digital entertainment. A year ago TRON dared with its own blockchain and decoupled from Ethereum. As an advantage of this network is that it is more scalable than others.
While TRX started the year at lows since 2018, brushing supports which will be key for bullish investors to enter the market. Now, the cryptocurrency will have to overcome some resistances before more forceful growth can be seen.
For now, in TRON’s roadmap we can see that in 2021 the third phase of the project will be launched by mid-year, which is focused on the network’s capabilities to handle ICO offerings.
Also there was the 2020 niTRON conference in Seoul, which as we know is one of the most important technology capitals globally.
So, the expectations for 2021 regarding TRON are optimistic as well and you can start investing today from as low as 0.03 per TRX.
2021 could be a good year for Zcash, as its foundation has many projects on its roadmap.
One of its main goals has to do with the development of the Zebra node, which will incorporate a validation and tracking system into the blockchain.
Zcash also has other projects it intends to pursue simultaneously, such as its integration into a cross-chain system, an improvement in the privacy level of the network and, if possible, also including a support system for hardware wallets with protected addresses.
Zcash is currently trading on the market at a price of $113.90 and experts estimate that it will evolve in a bullish direction in the coming months.
In today’s market EOS is one of the most powerful blockchain platforms for decentralized applications. It was launched in 2017 through an ICO, and at the time it broke records for capitalization, making it a very promising bet.
It is a platform similar to Ethereum but faster and more scalable, and allows users to create decentralized apps to process millions of transactions per second in a more efficient way through horizontal scaling.
As details of interest, EOS launched the EOS.IO platform in June last year, offers enterprise-grade applications (DAPPS) and its blockchain integration has the ability to communicate synchronously between private and public blockchains.
Moreover, its current price is well below its peak at $2.83, which means that if we buy EOS now we can profit in the future when the cryptocurrency appreciates.
Dash is a cryptocurrency that has started the year well, and in fact in the last few days has increased in price by around 16%.
Right now it is trading at $136.48 and is demonstrating a clear uptrend that looks set to continue, judging by the charts.
Dash, as we already know, has a high volatility but that is what makes it more interesting to invest. Maybe in the short term it is a bit crazy but for medium or even long term investing this cryptocurrency can be a good option in your portfolio.
OmiseGO has a lot of potential as it is a financial technology that is based on Ethereum, and offers us a digital wallet with the ability to exchange securities between individuals, including fiat currency and cryptocurrencies, in real time.
Imagine something like PayPal, but with decentralized exchanges on a large scale and at a fairly low cost. Moreover, with its Plasma upgrade in the future it could be scalable to VISA level in a few years.
Investing today in OmiseGO will only cost you $3.3, so I think you lose nothing by including this cryptocurrency in your portfolio. Surely in the long term and with patience you will get profits and it will be worth it to have bet on this Asian proposal.
Qtum is our latest investment proposal, a hybrid platform developed in China and evidently has a lot of support throughout Asia. Qtum offers an open source blockchain project that allows both apps and smart contracts to be created.
Investing in Qtum can be risky because its volatility is very high and prices tend to fluctuate frequently both up and down. Still, we know it has a lot of potential and can be an option to consider.
Its current value is 3,026, which makes Qtum a very cheap alternative to invest in.
As for the expectations for 2021 are also good and in recent days its trend has remained with a clear upward direction, so now is the time.
Read more about crypto income here on Forbes.