The Strongest and Most Profitable Cryptocurrencies To Invest In 2021

cryptocurrency-investment

It’s nearly the end of the first half of 2021 and cryptocurrencies and blockchain are still a thing. Reports hint to the fact that they are going stronger in market capitalization and use case.

Several concepts have been introduced to us ever since cryptocurrencies became a thing – talk about “Dapp”,“DeFi” and the likes. Cryptocurrencies have made alot possible.

Bitcoin is the first and still the most popular form of cryptocurrency in the world. Despite its fame, Bitcoin isn’t the only cryptocurrency out there as copycats, innovators, disruptors and memes have emerged in their numbers. There are more than 5,000 cryptocurrencies on the market today. With such a broad range of cryptocurrencies to choose from, how do investors and probably, even bounty hunters, know which is the stronger cryptocurrency to invest in? From the popular cryptocurrencies to lesser-known cryptocurrencies, and in no particular order, here are some of the more strongest cryptocurrencies to buy in 2021.

  1. Bitcoin (BTC)
    Bitcoin has dominated the market since it was first mined in January 2009. Prices has risen to more than $60,000 in April 2021 for a market capitalization of more than $1 trillion and has continued to account for more than 45% of the cryptocurrency market. Of course, earlier this year. Historically, he rise of Bitcoin has also indicated the rise of the other cryptocurrencies.
  2. Dogecoin (DOGE)
    Named for the popular “Doge” internet meme of a Japanese Shiba Inu dog, Dogecoin’s creators envisaged it as a lighthearted cryptocurrency. Dogecoin has surged more than 13,000% this year, making it the fourth-largest cryptocurrency by market cap. Its price peaked in early May at more than 0.70 USD, though it has since retraced this path. Dogecoin’s price remains less than a dollar mainly due to its very large circulation of about 129 billion Dogecoins with new blocks available to mine each year.
  3. Ethereum (ETH)
    With a market cap of more than $400 billion and with nearly 500% gains this year, Ethereum makes it easily as one of the cryptoassets to invest in. One of the main philosophies behind cryptocurrencies is the decentralization of currency. Ethereum takes that a step further – rather than decentralizing money, its goal is to decentralize the internet by replacing servers with a worldwide system of nodes, creating “one computer for the entire world.” Ethereum is a software platform based on blockchain technology in which users can exchange a cryptocurrency called Ether. This Ether has become one of the most popular cryptocurrencies in the world.
    Welcome to the possibility of Decentralized Applications – DApps. Ethereum also makes it possible for third-party applications to be built upon it’s platform. Most tokens are built upon the Ethereum platform and some blockchain(think TRON{TRX}) were earlier on Ethereum based DApps.
  4. Binance Coin(BNB)
    Binance Coin (BNB) is a cryptocurrency that can be used to trade and pay fees on the Binance crypto exchange. The Binance Cryptocurrency Exchange is the largest cryptocurrency exchange in the world as of January 2018, facilitating more than 1.4 million transactions per second. The Binance Exchange is a centralized exchange that corrected the exorbitant network fees of the Ethereum blockchain. Later on, Binance Smart Chain was introduced as a decentralized exchange on the Binance platform.
    Welcome to the possibility of Decentralized Finance – DeFi.
    Binance Smart Chain also makes it possible for third-party “Yield Farms” and “Finance Pools” to be built upon it’s platform. Most DeFi aplications are built upon Binance Smart Chain.
    Binance and the Binance Smart Chain require BNB. There are many uses for BNB, such as their credit card reward points if you are BNB holder. BNB, currently, as at the time of this writing is trading at over $526 with a 24-hour trading volume of over $3bn USD
  5. Polkadot (DOT)
    Polkadot is an open-source project founded by the Web3 Foundation. This is a cryptocurrency for the Polkadot blockchain which also allows the creations of DApps on it’s network. Polkadot takes the issue of blockchain governance to another level. According to an official by the Polkadot Network:
    Polkadot has a sophisticated governance system where all stakeholders have a voice. Upgrades to the network are coordinated on-chain and enacted autonomously, ensuring that Polkadot’s development reflects the values of the community and avoids stagnation.
    Polkadot Network
    The Polkadot currency (DOT) has recorded a 24-hour trading volume of over $3bn. It is anticipated that the DOT price will rise between $20 and $40 by mid-2021 and near $50 by the end of 2021. Polkadot is a stronger investment than some newly introduced cryptocurrencies that also create waves in the crypto industry.