by Rushali 
Cryptocurrency and bitcoin are a world that is constantly evolving and making ways for innovation. And that’s one of the reasons for the growing popularity of bitcoin. Among all cryptocurrencies, bitcoin always remains in the limelight. Bitcoin has seen some big market players investing in it. From Microstrategy to Tesla many companies are trusting bitcoin to keep their money safe.
Youth icon and Tesla’s CEO Elon Musk has compared bitcoin with gold in terms of storage value. He said that bitcoin has a better storage value than gold that is a very big statement as gold is an asset that is just known for its storage value. But do you know that there are around more than 3000 different cryptocurrencies in the market? I know you don’t know and almost everybody doesn’t know about it.
Bitcoin is the most famous cryptocurrency but there are many more on the list. But the issue is the investor doesn’t know much about other cryptocurrencies.
This article will list the best cryptocurrencies to buy this year. First of all, let’s understand what are the advantages of investing in cryptocurrencies.
Advantages of investing in cryptocurrencies
People always want to know what will they get if they do something because it is human nature to look for the returns before doing anything. So I will also tell you why you should invest in cryptocurrency before listing the best cryptocurrencies to buy.
Great returns – In the last few months bitcoin has already given a 300% return to its investors. And not only bitcoin many other cryptocurrencies have followed the same path. I don’t think this much return can any other assets can provide you.
No investment barrier – There is no minimum amount of investment that you have to invest in cryptocurrencies. You can invest as little as $1 and as high as $10 billion. People have confused that they have to buy a minimum of a single coin of bitcoin or any other cryptocurrencies but that’s not true, you can buy 0.001% of one coin as well.
Liquidity – Unlike the stock market, the cryptocurrency market operates 24*7 every day so you can buy, sell, and trade your cryptocurrency anytime. This feature of cryptocurrencies has provided it an immense amount of liquidity.
Transparency – This is a unique feature of all cryptocurrencies. Most of the cryptocurrency transactions are recorded in the blockchain technology that automatically makes it transparent, reliable as it records all the transactions.
No mediator – It is the biggest advantage of cryptocurrencies, it eliminates all the mediators and gives the power in the investor’s hands. For the first time, there is a currency that is controlled by the people and not any governing body.
So, these were some of the main advantages that should be kept in mind while thinking of investing in cryptocurrencies.
Also Read : How much to invest in Bitcoin ?
Here I will list some of the best cryptocurrencies to buy in 2021.
1. Chainlink
It is an ethereum based token that powers the Chainlink decentralized oracle network. That allows smart contracts on Ethereum to connect securely to external data sources, APIs, and payment systems. The year 2021 has started with a piece of very good news for this cryptocurrency that has fueled a bull run for the link. It has reached from $11 to an all-time high of $36.9.
Many developers utilize the Chainlink network to pay using the network’s native token, LINK. Therefore, it helps to facilitate the growth of the on-chain ecosystem and it may also gain prominence over Bitcoin in the future as it becomes increasingly important to the operation of the blockchain infrastructure.
2. Uniswap
It is a crypto exchange that works on the ethereum blockchain. It has a new type of trading model called an automated liquidity protocol that helps people in people trading on the exchange to become liquidity providers. Uniswap was introduced in September 2020, it is a governance token that was distributed according to a set release schedule. 4000 UNI tokens were distributed to users who had previously used Uniswap’s services. And For those who are interested in trading them, exchanges, such as Binance, Bitfinex, Coinbase Pro, Gemini, Huobi, Kucoin, and, of course, Uniswap itself are available.
3. Cardano
It is another best cryptocurrency to buy in 2021. Cardano was launched in 2017, as the biggest competitor of the ethereum blockchain. It was invented by Input Output Hong Kong (IOHK), a decentralized company headed by Charles Hoskinson, co-founder of Ethereum. In March 2021, it has touched its all-time high of $1.49. Reportedly Cardano is planning to introduce smart contracts and after that, it will become famous among decentralized apps. Experts also expecting that it will reach $2 by the end of the year.
4. Tron
It is a cryptocurrency founded by the Tron foundation. And currently it one of the most hyped projects making headlines. Tron’s main aim is to construct a costless, worldwide digital entertainment network that will allow users to distribute and share content without any problems and without paying much. Tron also encourages anyone to put their content on its blockchain-built ecosystem, which will drive down the prices of distribution channels for publishers while hinting at the possibility of lower consumer fees when accessing that content. And Tron token TRX powers the entire system.
5. Ripple
Ripple is a trading platform as well as a cryptocurrency. Ripple’s cryptocurrency is called XRP. It is one of the most valued cryptocurrencies in the world and that’s the reason that it is on our list of best cryptocurrencies to buy. The Ripple network can be used for more than just sending XRP, and XRP isn’t mined in the same way as Bitcoin or Ethereum, and that’s the reason for its biggest advantages of speed and cost. Many big companies like JP Morgan, HSBC, and MoneyGram are investing in Ripple. Experts believe that the future is blockchain technology and with that ripple will be benefitted the most.
6. Litecoin
Litecoin was invented to solve the issues of bitcoin, it is based on the coding of bitcoin with some added advantages. Just like bitcoin the supply of Litecoin is also capped at 84 million with which approximately 75% of it having been mined already. People believe that litecoin is the most undervalued cryptocurrency. As per its potential, bitcoin is called the gold of the crypto market and litecoin as silver. Litecoin has surged nearly 600% from its low in the year 2020. Now it is the 9 largest cryptocurrency in the world as per the market capitalization.
7. Bitcoin Cash
It is a fork of bitcoin that was created in the year 2017. The objective of inventing is to accommodate a larger block size as compared to bitcoin that will allow more transactions in a single block. Bitcoin and this cryptocurrency both have the same consensus mechanism and have their supply capped at 21 million. Recently Rakuten has announced that now customers can use cryptocurrencies including Bitcoin Cash to buy their goods. Rakuten is a Japanese company that has annual revenues of more than $13 billion and it is also one of the most popular e-commerce platforms in the country.
8. Zcash
It is a cryptocurrency that claims that they have a feature that protects the privacy of the users. Zcash is also based on bitcoins and has some added advantages like privacy and fungibility. Analysts believe that this cryptocurrency will reach $350 by the end of the year.
9. Ethereum
Without ETH our list of best cryptocurrencies to buy can not be completed. It is the biggest competitor of bitcoin. And ethereum has already surpassed bitcoin in many aspects. It was founded in the year 2014. Ethereum is at the forefront of the DeFi revolution that makes it possible to shift from traditional, centralized financial systems to peer-to-peer finance via decentralized technologies built on the Ethereum blockchain. Ethereum has seen an almost 600% rise in the past few months. Analysts believe that after the launch of Ethereum 2.0 it will see a V shape recovery. Investors also love ethereum more than bitcoin.
10. Bitcoin
Last but not the least, our list would have been incomplete without bitcoin so at last, we have added it to our best cryptocurrencies to buy. Bitcoin is called the king of crypto, and we cannot ignore that fact. It has recently touched 1 trillion in market capitalization and acquires 65% of the whole market capitalization. These numbers prove the dominance level of this cryptocurrency. As I mentioned in the starting that many big investors are investing in it, so the bull run of bitcoin will continue. Recently it has touched its all-time high of over $61000. BTC has time and again proved that why it called the king of the crypto.
These were some of the cryptocurrencies that you can invest in in the year 2021. There are many other cryptocurrencies as well but these were the top 10.
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