This is a list of top crypto coins to invest in from 2021. Nowadays, there are more and more people who are interested in the whole blockchain industry. It is also understandable that they would want to invest in some of these popular cryptocurrencies. However, not everything that glitters is gold. There are many scam coins within the cryptocurrency market which can seriously affect your investment portfolio value and lead you to a vicious cycle of high-risk investments with low profits. Crypto experts are saying that after the past year, the cryptocurrency market is displaying more signs of recovery.
It is said that there are already 10 altcoins above 1 billion dollar market capitalization. However, these are only speculative markets which are highly volatile. And the market is still very big despite of its small size. It was said that there are more than 1,600 cryptocurrencies available right now. And according to some experts, this number will increase by 200-300 new coins in 2019. Those who have been following the price fluctuation of popular cryptocurrencies know that this number will almost quadruple once again between 2020 and 2021.
There are many technical indicators which show great progress for cryptocurrencies in 2019 and beyond, specifically Ethereum (ETH). Today, we’ll be going through a list of 10 top crypto coins to invest in for the year 2021.
1. Ethereum (ETH) Update:
The ETH is a decentralized platform which can be used to create DApps and Smart Contracts. It offers a blockchain which is more advanced than Bitcoin or other blockchains. The ETH was created in 2015 by Vitalik Buterin, who is one of the most influential people in the cryptocurrency market. It is said that Vitalik created ETH because he believed that Bitcoin doesn’t have enough trading functions which are needed for mainstream use, such as automatic trading, higher level of transactions and so on.
The ETH is based on Ethereum Virtual Machine, which is known to be the most advanced blockchain network. The Ethereum Virtual Machine (EVM) is where all transactions are processed. It also helps to create DApp and Smart Contracts of the platform. This blockchain platform has already garnered huge interest of many investors because of its potential for revolutionizing mainstream technology. It has the potential to change the whole business model of today’s world through smart contracts and decentralized applications (DApps).
2. Ripple (XRP) Update:
The XRP is another big coin on this list of top crypto coins to invest in 2021. It gained popularity due to its high transaction speed compared with other cryptocurrencies like Bitcoin, Ethereum or Litecoin. It is known as the fastest cryptocurrency in the market today. This digital currency is already being used by many financial institutions such as Santander, Bank of America and many others. And this crypto coin is now available through all exchanges, so it’s easy to buy or sell.
The XRP has been created with a purpose to revolutionize the whole banking industry and its transaction systems. It doesn’t just offer fast transactions but also save banks enormous amounts of money for transaction fees and other charges that they use to spend for their operations. Many experts believe that this crypto coin can become one of the most valuable blockchain platforms within 2021.
3.Litecoin (LTC) Update:
The LTC is a peer-to-peer cryptocurrency which is completely decentralized. It was released in the year 2011 by former Google engineer Charlie Lee. It was created with a purpose to become a lighter version of Bitcoin. Compared to bitcoin, Litecoin has faster transaction confirmation time and a higher number of coins that can be mined during one block creation cycle. This makes it a popular alternative to bitcoin for people who prefer faster payment transactions.
The Litecoin is also gaining popularity because of its high liquidity and low price compared with other top crypto coins such as Ethereum or Bitcoin. It is said that the price of Litecoin will accelerate even more in the coming years.
4. Cardano (ADA) Update:
The ADA is a cryptocurrency which was developed by Charles Hoskinson, who is an ex-CEO and Founder of Ethereum. It launched in 2017 and has gained recognition among investors and traders based on its potential and promising future in the market. The ADA has already achieved its goal to become one of the most popular cryptocurrencies within 2021. It technically reached #3 position in terms of market capitalization in Q3 2018 with a 60% increase from Q2 2018 when it was launched, according to Coinmarketcap.com.
5. NEO (NEO) Update:
The NEO is another cryptocurrency which has gained huge interest due to its potential to become the next biggest crypto coin by 2021. It was created in 2014 by Da Hongfei, which is now the CEO of Onchain. This is a cryptocurrency that aims to be the one coin to rule them all.
6. IOTA (MIOTA) Update:
The MIOTA is a unique digital currency because it uses a blockless distributed ledger technology instead of blocks or chains, called “The Tangle” network. This unique system makes IOTA different from other top crypto coins, because it does not use miner rewards, which are used only for transaction consensus that are using blockchain technology.
Instead, it uses Proof-of-Work (PoW), where every transaction is validated by a network of “machines”. And these “machines” are not controlled by any single entity. There is no need to go through a central party and also no fees involved in this system. This makes it one of the most appealing digital currencies for investors and traders in the crypto space because it takes away almost all of the issues associated with other blockchains such as Bitcoin or Ethereum that many people have been complaining about.
7. Stellar (XLM) Update:
The XLM is a cryptocurrency that was created by Ripple Labs in 2014. It’s often the last coin that the investors are looking into that is gaining more popularity among cryptocurrency traders. The Stellar is famous for its cheap transaction costs and its ability to be used with almost every payment platform.
8. Cardano (ADA) Update:
The ADA is another big crypto coin with a big future in this crypto space. It is known as the most advanced blockchain network today because of its unique technology which is being used by many companies for different purposes, including building enterprise solutions, creating DApps, smart contracts and many others which are not available on other platforms.
How to Invest in Crypto?
The best way to invest in crypto is to own the digital currency. That would mean that you should store your coins at a safe and secure wallet. There are several types of wallets and you should carefully consider which one fits your needs and requirements based on your investment goals and objectives:
Hardware Wallet: Hardware wallets are considered as the most secure means to store cryptocurrencies, because they are not connected to the Internet. It means that there is no way that hackers can hack into these devices and steal your coins. The most famous hardware wallet brands include Ledger Nano S, Trezor or KeepKey.
Desktop Wallet: The desktop wallet is another handy option to store digital coins. It’s basically a software wallet which you can download onto your computer or laptop.
Web Wallet: A web-based wallet is the most convenient way of storing cryptocurrency, because it can be accessed from anywhere in the world. It means that you don’t need to download any software or install anything on your computer or smartphone. The most popular web-wallet provider is Coinbase, while some websites also offer more advanced features like storing Ethereum (ETH) and ERC20 tokens, for example MyEtherWallet.com.
Mobile Wallet: Mobile wallets are supported by Android or iOS apps that can be easily downloaded from your phone’s app store.
Paper Wallet: The paper wallet is a non-electronic way of storing cryptocurrency. It’s relatively safe, but not as secure as hardware or software wallets because it is more prone to hacking attacks from digital thieves or hackers. It means that you should keep your coins in a cold storage where no hackers can access them since they are out of reach from internet connections and most likely will not be hacked.
Best Crypto Exchanges
There are many crypto exchanges in the world, but it’s not easy to choose a suitable cryptos exchange for your needs and preferences. They all have different options and features that you should carefully consider before deciding which one is right for you. First, you need to find a reliable exchange platform which provides the best available rates for cryptocurrency pairings, while also ensuring maximum security of your coins or tokens.
The best way to find the suitable cryptocurrency exchange is to do an extensive research about available options that are being offered by many different exchanges. You should carefully check what kind of payments they are accepting, if there are any transaction fees involved, the maximum deposit limit, whether there are any withdrawal fees and so on.
The best crypto exchanges are usually those who have lower transaction fees, have instant trading functions available, have many payment options for being able to deposit or withdraw funds, support withdrawals in multiple currencies like USD or EURO and provide advanced charting tools for traders who don’t like to do technical analysis themselves.
Once you find the best crypto exchange platform, you can do an account verification procedure, which is commonly called “Verification”. This means that your identity is verified by the exchange provider before you are able to use their services. This is very important especially if you are just starting to trade on cryptocurrency exchanges.
Verification process usually requires some kind of ID proof like a passport, driver’s license or utility bill showing your name and address at home or work. Don’t forget that there is no way for the exchange to know if someone is using an ID forgery or fake ID, so they might reject your account for no reason whatsoever.
Once you are ready to buy some crypto coins, you can transfer some fiat currency via US Dollar or Euro payment systems like PayPal, Skrill or NETELLER. This way your credit card details are not being stored on the exchange server. A wire transfer or direct bank deposit is also possible, but it usually takes longer time to be processed by the platform. There are also services where you can pay for crypto coins with your credit card, but they are being offered by less popular exchanges.
The cryptocurrency market value has soared to $719 billion this week, which means that it’s become the second-largest currency among all cryptocurrencies. If you are interested in investing in digital currency, you should definitely consider buying some of the listed coins at their current prices. They may not look great on paper but they are becoming more valuable as their popularity increases. So, even if you don’t want to accept cryptocurrency as a form of payment or exchange your existing money into digital currency right away, you should buy an altcoin at least once.
Remember that investment is not for everyone and due diligence is required before doing any kind of transaction on cryptocurrencies too. You definitely shouldn’t invest all your hard earned cash in any cryptocurrency, instead you should put in only small amounts in order to try out different products and services before committing to it completely.
The main rule is “Don’t invest more than you can afford to lose” because even though cryptocurrency market offers great opportunities for investors, it also offers great chances for digital thieves too. You should always keep in mind that if you lose money through illegal ways like hacking attacks, scams or frauds, there is little chance of getting your money back. That is why security measures are essential when trading on the exchange platform.