Are you seeking the best altcoins to invest in 2021? There are more than five thousand altcoins in the marketplace, as per the current analysis.
An altcoin is an alternative to Bitcoin and known as a Cryptocurrency. It also uses Blockchain technology to make the transactions more secure. The size of Cryptocurrencies are growing in the market, and it will continue to grow in the future.
The demand for Cryptocurrency is truly huge in the market, and some experts even claimed that it could become the future of finance. On the other hand, many investors are not willing to invest in Bitcoin because the market volatility of this digital currency is high. This largely affects the newcomers in the field of Cryptocurrency.
The 5 Best Altcoins You Should Invest In 2021
After Bitcoin’s popularity, several developers are creating new Cryptocurrencies every minute, but their features failed to gain a place in the Crypto space.
According to this bitcoins-era.io, the altcoins provide a space for the new competitors and improve Bitcoin flaws. Besides, there are two types of altcoins: digital tokens and stablecoins.
Therefore, you must spend your funds only on those altcoins that have a high market cap after Bitcoin. Now, let’s proceed to know the top five altcoins where you can invest in 2021.
Ethereum is one of the most valuable Cryptocurrencies after Bitcoin, with a market capitalization of around $64.35 billion. This currency was introduced in the year 2015 with an aim to enable smart contracts efficiently.
The new version of Ethereum 2.0 is in high demand as it uses proof of stake, and this improves the scalability issues, efficiency, speed, and network of Ethereum 1.0. You may agree or not, Ethereum is giving a tough beat to Bitcoin and other Cryptocurrencies.
Another popular altcoin after Ethereum is Litecoin. If you are willing to invest in Cryptocurrency, then you can consider this digital currency to invest and earn good investment returns because the market cap of Litecoin is $8.2 billion.
Moreover, the first payment processor for Litecoin is Litepal, and this was launched in the year 2018. This currency also uses Blockchain technology, and this makes transactions safe and secure.
Neo is also one of the top digital currencies or altcoins where you can invest, and it has a market cap of around USD 1,179,958,596 (62,785 BTC). Neo was originally called AntShares, which was created in the year 2014.
The developers are constantly improving the features of this digital currency so that it can give a new turn to its value. The demand for this digital currency is also rising at present and can be your best investment option in 2021.
Ripple is a technology that acts both: as a virtual currency and also as a digital payment network for monetary transactions. This Cryptocurrency was related in the year 2012.
Ripple’s value is also growing, and you can invest in this digital asset to earn good investment returns. This can also be your best store of value in 2021 that has benefits in the future.
Another popular altcoin to invest in 2021 is Cardano. This is actually a network that aims to operate a public Blockchain platform for smart contracts, and this platform was developed in the year 2015 but launched in the year 2017. This platform was launched by one of the team members of Ethereum.
The best benefit of investing in this digital currency is that it offers various technological improvements over other Cryptocurrencies. Moreover, the market cap of this digital currency is around $8.86 billion and can increase your investment returns in the future.
The Final Thoughts
Altcoins are launched after Bitcoin’s success, and these virtual currencies can double your passive income source in no time. Thus, the above listed are the top five altcoins where you can invest in 2021.