As interest in cryptocurrency continues to grow, it is an investment most people would like to venture into. The first thing every cryptocurrency trader does is to find a cryptocurrency that has high potential and volatility. Because there are so many of them cropping up these days, you might be wondering which one to use.
Meanwhile, when looking for the top cryptocurrencies to invest in, think about things like market capitalization, technology, trade volumes, price, track record, longevity, adoption rate, among many others. This guide will help you decide which cryptocurrency is best for you by comparing the major factors to consider. Let’s dive in;
Bitcoin undoubtedly tops the list of these cryptocurrencies. Launched in 2008 by an unidentified individual or group of individuals known as Satoshi Nakamoto. With a far larger price, market valuation, and volume than any other crypto choice, it’s clear as to why it’s the top. Even though there are millions of different cryptocurrencies available, BTC still takes 40% of the whole market capitalization. The coin is already accepted by a large number of businesses, making it a wise investment. Since it’s the king, it is listed on all major cryptocurrency exchanges.
Ethereum, unlike BTS, isn’t just digital currency. It’s also a blockchain network that makes developers their cryptocurrencies. Although ETH’s value is not up to BTC’s, it is still considered the pacesetter of its rivals. Despite the fact that it was launched years after certain other cryptocurrencies, it has significantly outperformed its market position due to its distinctive technology. Also, getting this coin on popular exchanges wouldn’t be an issue because it is currently listed on all major crypto exchanges.
NGM (e-Money) The Hidden Gem
e-Money is an electronic money that also serves as a store of value. It’s global money that’s fast, easy, and secure: a banking upgrade that reflects our increasingly interconnected world. e-Money has no boundaries. It promises a more affordable and user-friendly experience for global citizens, local enterprises, multinational corporations, and non-governmental organizations (NGOs). The NGM is the staking token for e-Money. It is seen as the next big cryptocurrency and it’s worth investing in. If you are looking to buy this token, you can get it through Ascendex.
Binance Coin (BNB)
Binance coin makes the because it is one of the crypto coins that have exceeded its peak since 2017. The market was bullish throughout that year, and all cryptocurrencies’ prices skyrocketed alongside, getting to a point before they plateaued and declined in value. Unlike others, BNB has maintained a modest but steady upward trend since 2017. It is one of the best cryptocurrencies to invest in 2021 with lower risks due to its performance. Currently, you can get BNB on all major crypto exchanges across the globe.
Commonly called ADA, this is another best cryptocurrency to invest in 2021. It is a crypto network and open-source project designed to build a public blockchain platform for smart contracts.
For numerous reasons, the ADA network has a smaller footprint, which fascinates investors. Cardano only needs less energy to conduct a transaction unlike a bigger network like BTC. So, transactions are speedier and less expensive. It also claims that it is more adaptive and safer. The upside of ADA is that it is always improving its development to keep ahead of hackers. Right now, the coin is listed on several reputable crypto exchanges, which implies you wouldn’t have an issue getting the coin.
Ripple is another best cryptocurrency to invest in 2021. Launched in 2012 as a cryptocurrency and a digital payment network for financial transactions, XRP was invented by Ripple Labs as a payment token for its decentralized payment system. Because the corporation originated with a blockchain-based system, XRP is used with a network of validation nodes rather than a blockchain. It now has one of the biggest market capitalizations, making it a currency worth investing in. Purchasing ripple wouldn’t be an issue because you will surely find it on any major crypto exchanges across the globe.
Litecoin, just like BTC, was first introduced to the market in 2011 but it did not go as smoothly as then. Meanwhile, Litecoin claims to be 4X faster than Bitcoin at completing transactions. It was the first coin to successfully conduct a Lightning Network transaction in 2017, taking less than a second to complete. Just so you know, the network’s value might skyrocket if it expands its use of the Lightning Network for a speedier transaction. Furthermore, this coin can be gotten in popular exchanges like Binance, Coinbase, Kraken, and many others.
The BitTorrent token (BTT) is another cryptocurrency you should look up to for investment. It is a TRC-10 token that debuted on Binance Launchpad with the stock symbol BTT. Only after Tron Foundation acquired BitTorrent Foundation did the BTT token become a part of the BitTorrent network. BitTorrent takes advantage of the internet’s open infrastructure to provide an effective means of exchanging information. For publishers that want to exchange big files, it’s one of the most cost-effective choices. If you are looking to buy this token, it can be bought through the Binance exchange
Cardstack Token (CARD) is another cryptocurrency on this list. It is a utility token that makes individuals and businesses connect with various blockchains, decentralized protocols, app-coin-backed dApps, and cloud-based services while only paying a single on-chain transaction charge. If you want to buy or sell Cardstack, the most active exchange right now that can conduct such trades is the Uniswap (v2).
Bitcoin Cash (BCH)
Bitcoin Cash is another best cryptocurrency to invest in 2021, which is among the top-rated coins in the world of cryptocurrency. It is a cryptocurrency that was divided from Bitcoin in 2017. BCH was designed to have a larger block size than BTC, making more transactions to be saved in a single block. Despite their differences, BCH and Bitcoin have some technological similarities because they use the same consensus method. The good thing about this coin is that because of its popularity, you can get it in several popular crypto exchanges like Binance. More than that, you can use Bitcoin Cash to play in your favorite online casinos.
Polkadot was created by some Ethereum leaders who left to build their coin with a more advanced network. Polkadot offers numerous “lanes” to complete transactions in, instead of just one. DOT was designed to reward real investors while shuffling out those who are only concerned about making quick bucks on the stock market. The benefit of this coin is that it allows investors to decide on network fees, network upgrades, and whether or not to create or remove parachains. If you are looking forward to investing in this coin, Binance and Coinbase are your go-to exchanges.
Stellar’s Lumens is another notable and best cryptocurrency to invest in 2021. It was built to meet a particular demand in the bitcoin realm. It acts as a bridge between banks and blockchain networks, just like the PayPal for crypto networks. Stellar can convert any currency and exchange it across channels because it is a decentralized network. This makes these transactions cheaper and quicker than they would be if they were carried out through a typical bank. The good thing about XLM is that you can find it on several prominent exchanges like Binance, Coinbase, etc.
Having reviewed the best cryptocurrencies to invest in, Let’s quickly move to the next phase, which is about a newly launched Canadian crypto exchange named “Newton Exchange” that promises to offer a vast number of cryptocurrencies for investment.
What is Newton Exchange?
Newton exchange is a popular Canadian cryptocurrency exchange that is situated in Toronto and was established in 2018. The Newton team of professionals created this platform to assist other exchanges in their attempts to make cryptocurrency trading more accessible to Canadian traders. The good thing about this platform is that it has no hidden fees. The exchange makes its money through the difference between the buying and selling prices.
Newton’s sign-up process is very standard. It entails completing KYC and connecting your bank account to plaid. Newton recommends enabling two-factor authentication (2FA) to protect your account. The user flow of the sign-up procedure is well-defined and straightforward, resulting in a pleasant user experience. The exchange offers cryptocurrencies that other Canadian exchanges do not, and their features and value offered are always improving.
Pi Network (PI) is a digital asset that is currently gaining the attention of the cryptocurrency community. Some users see it as a means to get involved with a cryptocurrency from the start and earn later, similar to how early Bitcoin adopters profited handsomely from mining and holding the coin. But what is the Pi Network, exactly?
Pi Network’s initiative aims to maintain crypto mining open to the general public, even though the earlier generation of currencies, like BTC, was centralized and inaccessible to the general public. The Pi Network was founded and launched by some sets of Stanford’s alumni. It makes users mine coins while validating transactions on a distributed ledger.
Pi Coin is a cryptocurrency that works on the Pi network. However, if you are thinking of adding Pi Coins to your portfolio, you won’t be able to do so since they aren’t available on any cryptocurrency exchange or trading platform. Meanwhile, individuals who have mined the Pi cryptocurrency will only be allowed to withdraw or swap their coins after the Pi blockchain is fully decentralized.
The list of exchanges compiled in this guide was ranked based on several integral factors. So, if you are a newbie or seasoned trader looking forward to investing in any cryptocurrency, the ones outlined in this guide should be the ones to look out for.
Moreover, they are all popular cryptocurrencies that you can find in many popular exchanges. However, considering their popularity, investment in cryptocurrencies should be done with extreme caution. It is critical to properly evaluate the possibilities of a cryptocurrency before investing in it.