Planning to buy or invest in cryptocurrencies in 2021? With more than 7,000 cryptocurrencies, it is not easy to choose the best cryptocurrencies to invest in. To help you, we at AtoZ Markets have made a list of top 10 cryptocurrency 2021.
January 24, 2021 | AtoZ Markets – 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 cryptocurrency in 2021 that are expected to surge and make an even bigger impact in the years to come.
What is the Best Cryptocurrency to Invest in 2021?
Ultimately, there is no single coin from our top 10 cryptocurrency 2021 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 digital asset investing is not enough to be a successful crypto trader.
Top 10 Cryptocurrency 2021
We have selected 10 cryptocurrencies that will boom this year. From the king of the cryptocurrencies, Bitcoin, through the hyping DeFi tokens, we’re starting our way to get the profitable coins right now!
1# Bitcoin (BTC)
Who hasn’t heard of Bitcoin? It is not only the first cryptocurrency to become available on the market, but also one of the most expensive and versatile ones that ever existed since then. Bitcoin is attracting a growing number of analysts, and as a result, Bitcoin price targets are becoming more commonplace.
Some have been downright bombastic. Former Adaptive Capital partner Willy Woo calls $200,000 a “conservative” estimate for year-end 2021. In mid-November, Citigroup told its institutional clients that it sees the potential for Bitcoin prices to rise as high as $318,000 by the end of this year.
Others are more restrained. For instance, BTIG’s Julian Emanuel says Bitcoin could reach $50,000 – the same price target Bloomberg pointed to in its Crypto Outlook 2021.
The recent forecasts are very reassuring. Sounds like a dream? But do not worry, Bitcoin is known to surprise investors in unprecedented ways despite an increasingly crowded field of competitors.
2# Ethereum (ETH)
Ethereum, the second-largest coin in the crypto industry, has made a major leap forward in price over the course of the last three weeks. Since 2021 began, ETH has been surging strongly, breaching the $1,400 level and reaching a new all-time high.
Currently trailing only Bitcoin in regard to market capitalization, Ethereum has become one of the most widely discussed cryptocurrency projects in the world. The first reason for this is, of course, its ongoing transition to Ethereum 2.0. Then, there is the surging DeFi sector which continues to grow, attracting more developers, users and money. DeFi is still strongest on Ethereum, with most projects currently being developed on the network.
A consortium of some of the biggest names in the business, including Microsoft, Intel, Chase, and J.P. Morgan are building business-ready versions of the software that drives Ethereum. With momentum and market enthusiasm behind the Ethereum project, there’s no reason to think Ethereum has run its course and investors should consider Ethereum as part of a cryptocurrency portfolio.
3# Monero (XMR)
Monero was launched back in 2014, focusing on privacy and decentralization. Monero is an incredible cryptocurrency, thanks to its security and fungibility. The cryptocurrency, alongside Bitcoin and Litecoin, became a means of payment in the real world. The greatest advantage of the Monero blockchain is the ability to make a transaction in a couple of minutes (consider that Bitcoin needs about 10-15 minutes).
Although the XMR rate didn’t show the performance of 2018, the results in 2020 are quite impressive. Even though the coin fell under the influence of the entire market in March 2020 and the price sank to $34, its price has adjusted perfectly to $135. Monero is in an upward trend, so the fact that it is profitable to invest in Monero is obvious.
4# Polkadot (DOT)
One of the strongest performers in 2021 is Polkadot, as this cryptocurrency has been making new all-time highs day in, day out. Polkadot’s price rallied by 85% in 2021 and 75% in the past seven days. Initially, DOT was sold at a price of $0.29. Since then, it has risen in price to $18.19, that is, almost 60 times.
Notably, the company, led by co-founders including Ethereum co-founder Gavin Wood, only launched in May 2020. By November, it had risen to sixth place in terms of market capitalization, and the DOT token has more than tripled since December. As a result, many investors are optimistic about the cryptocurrency.
According to figures from Binance owned Coinmarketcap, DOT has flipped Ripple’s XRP in terms of market capitalization. This makes it the new fourth-largest cryptocurrency by market cap. Ripple SEC lawsuits have played a significant role in the growing popularity of Polkadot.
5# Cardano (ADA)
Cardano cryptocurrency is known for its long-time developing blockchain. Launched in 2017, the Cardano blockchain is still under development. This might be the one and only reason why to invest in ADA.
Though its ecosystem is not completed, the last milestone called Shelley pushed the asset’s price up just after a few improved features. One of these features is long-awaited staking. Now holders can create the staking pool or delegate this action to others.
As for the rate, the ADA coin has gained some value from the beginning of the year. Started the year with a price tag of $0.02, Cardano was worth $1.5 by August. Now the price has adjusted, so it’s very affordable to get some ADA coins. We offer our users the opportunity to invest in ADA right now.
6# Chainlink (LINK)
Chainlink (LINK) is an Ethereum token that powers the Chainlink decentralized oracle network. This network allows smart contracts on Ethereum to securely connect to external data sources, APIs, and payment systems.
Chainlink entered the market in 2014 under the name SmartContract.com. Shortly after its launch, the name changed to Chainlink to better represent its core market.
Chainlink set up a strategic partnership with Google in 2019. The agreement secured Chainlink’s protocol within the Google smart contract strategy. This move was seen as a major win by investors as it allows users to connect to Google’s 2 most popular cloud services.
ChainLink saw a significant price movement in January 2020 and ended in February. During this period, the coin managed to grow from $1.74 to $4.60 in a short time frame. 2021 is an unsatisfactory year for LINK as it began trading at $11.45 on January 1st.
At around 15:30 UTC Saturday, the LINK cryptocurrency reached the new record peak of $25.51, up 105% since Jan. 1, 2021. Based on the current market situation, investors are highly bullish about the future price of Chainlink.
7# Litecoin (LTC)
Litecoin was launched by Charlie Lee in late 2011 as a fork of the Bitcoin blockchain. Now accepted as a payment method at Overstock.com, Litecoin may also have a bright future. Long-term investors in LTC have been rewarded with up to 20x returns, although a spike in late December 2017 sent the price of LTC to over $350.
Litecoin now trades at around $138, and although showing signs of consolidation remains actively traded and is consistently one of the top 10 cryptocurrencies when measured by market cap. Litecoin has faster transaction times than Bitcoin, though a value nowhere near it. This speed is largely attributed to its use of a different type of algorithm to add transactions to the blockchain. Increased transaction speed also enhances scalability.
As of now, most experts predict a higher Litecoin price as the years go on, even if it might take a couple of years for the significant hikes. That’s not to mention that more people are entering the cryptocurrency space than ever before. We’re bound to see additional applications like LiteBringer come to the platform. This could mean a higher price sooner than expected.
8# SushiSwap (SUSHI)
SushiSwap made it to our top 10 cryptocurrency 2021. SushiSwap is a decentralized platform where cryptocurrency holders earn interest in exchange for liquidity. The platform then uses the resulting exchange liquidity between different cryptocurrencies.
SushiSwap is a variation of the Automated Market Maker (AMM) and a fork of the original AMM, Uniswap. The project’s lead developer is hiding behind the pseudonym Chef Nomi.
The project continues to develop the edible Japanese theme. The latest project in development – Bentobox – will add a lending platform to the list of available products.
The SUSHI project token is selling for $6.72 at the time of writing. In a little less than a month, it almost tripled in price, and the volume of blocked funds exceeded $1.9 billion.
9# yearn.finance (YFI)
yearn.finance is a DeFi portal that brings together several staking opportunities. Users can engage in profitable farming (pharming) and receive passive income.
The platform has also partnered with some of the popular DeFi projects including Cream Finance and Cover Protocol. YFI, the platform’s token, was the growth leader during the DeFi boom last summer. The coin has risen in price from a starting price of $3,000 to $ 31,719 at the time of writing.
And this is just the beginning. According to the portal, DEFI Prime founder and lead developer Andre Cronje was named man of the year DEFI-industry in 2020. Yearn.finance is preparing to launch the second version of its flagship storage service. The project continues to evolve.
10# Binance Coin (BNB)
Binance Coin (BNB) is the crypto coin of the Binance exchange platform. It was launched on 25th July 2017 by CEO Changpeng Zhao with co-founder & CTO Roger Wang. Binance Coin has performed very well since its opening: mostly slow for the beginning but rising a lot later into 2019-2020. After a disappointing end to 2018, Binance Coin had risen in price by 5% at the end of January 2020.
In February 2020, Binance Coin increased in price by 57% and continued to rise in March, where it increased by 55%. Those are very big movements, for sure! By the second quarter of 2020, prices have been more static with dips in price as well as tremendous rises. With certain price swings, BNB traded at $37 during the end of December 2020.
By following the bullish trend, BNB continued to trade at $37 at the start of 2021. At the moment, BNB is trading at $41. With a market cap of over $6.4 billion and various benefits, investing in BNB in 2021 is definitely worth it.
Since the Binance coin is an asset of the exchange, as long as it thrives, the BNB coin price will also rise. So why not take advantage of the growth and buy BNB?
Top 10 Cryptocurrency 2021: Conclusion
Do you want to invest in any of these top 10 cryptocurrency in 2021? Investing in any of these cryptocurrencies is an idea worth giving proper consideration. The forecast is promising for all of them to a different extent, and the investment is easy as never before.
However, it is prudent to only invest an amount that you are willing to lose. Cryptocurrencies are interesting but at the same time risky because the price is so volatile. So think carefully about the amount you want to invest, and always do your own research.