As many companies inclining towards cryptocurrency as an investment, Apoorva Bellapu at Analytics Insight observes crypto tendencies in 2021.
Since the cryptocurrency market had fallen a few days ago, the rush to invest in digital coins raises like never before. Everyone estimates that the market would correct itself in a while and that the prices would move to a growing trend in a few days. That’s why it’s the best time to invest in cryptocurrencies now. No need to say, Bitcoin is the most famous one. However, there are many other cryptocurrencies as well appealing as that one to investing in.
Let’s take a look at some of the most profitable cryptocurrencies to buy in 2021.
No doubt we have to start with Bitcoin because it’s the cryptocurrency most widely invested worldwide. Everyone from a commoner to a respected company looks forward to investing in this established digital coin. With scarce supply and the highest market capitalization, Bitcoin attracts attention and demand from everywhere in the world.
Who knew that a coin was created as a meme in 2013 would become legit and make it into the list of the most demanded cryptocurrencies? Dogecoin, as one of the cheapest cryptocurrencies, has made it easier for investors from everywhere to invest. In addition, all this hype it receives garners worldwide attention and makes this coin a worth viable investment.
Ethereum is noteworthy for not just being the second most widely popular cryptocurrency but also for the fact that it uses unique blockchain technology. The blockchain here is such a program platform that can run applications in a decentralized manner (such as smart contracts). Simply put, these programs and applications could be executed on millions of computers – all at once. Popularity with the technology potential of this currency makes it worth an investment.
If you are looking for a stable investment then Tether could be a better option to invest. What makes it a stable coin is that it is linked to a stable asset. Being priced at $1 per unit of Tether, this coin consistency has provided the way for easy transactions and high demand among investors. The consistency of this currency is the key, thus making it became the list of the most demanded investments in the crypto world.
Binance coin, which was emitted by one of the most solid exchanges in the world – Binance, has got the attention it deserved. This coin is a perfect example of how being patient with your investments yields fruitful results. Since traded at around $60 per unit to raise to $600, this cryptocurrency has seen a lot. Just like other popular crypto coins, this too suffered a blow during the recent market fall. However, considering the strong background of this coin, the future would see this one correcting back to normal.
Now you have a clear idea of which cryptocurrencies can prove your expectations to buy in 2021.