According to some research, about 11% of Americans have stock in Bitcoin.
However, Bitcoin is only one of the top cryptocurrencies; there are many more out there. If you’re interested in joining the percentage of Americans who are investing in cryptocurrency, make sure you keep reading.
We’ll let you know all of the best cryptocurrency to invest in in 2021!
Bitcoin
Bitcoin is one of the best that you’ll be able to get on the market right now. They’ve been around for a lot longer than all of the other options, and they’re not giving up their number one spot easily.
Bitcoin has had a lot of fluctuations in its past, but recently, one Bitcoin costs thousands of dollars. Thankfully, you can buy only fractions of a Bitcoin.
Bitcoin has a good share of volatility, but since it’s one of the most well-known names in cryptocurrency trading, many people accept is legit rather than other lesser-known cryptocurrencies.
If you’re interested in purchasing shares of Bitcoin, check out this article.
Litecoin
Litecoin is one cryptocurrency that is great for beginners. trading in cryptocurrency can be complex and confusing to people who aren’t used to trading in it.
The founder of Litecoin, Charlie Lee, created a “lite” version of Bitcoin to help people understand cryptocurrency a little bit better.
He adopted the best parts of Bitcoin but added some of his own improvements as well. For example, he made transfers faster. A Bitcoin transfer can take as long as ten minutes to confirm and complete. However, Litecoin transactions are a lot faster, taking about three minutes.
It also doesn’t take a lot of hardware or raw power to mine Litecoin. You’ll be able to use an ordinary computer to do it, which makes it easier for all kinds of investors to use.
Ethereum
Ethereum embraces the philosophy of decentralizing currency. They even take it a step further by concentrated on the net. They do this by using commutation servers that have a system of worldwide connections.
They say it’s like making one laptop for the entire world.
Ethereum is a platform that is based on blockchain technology. On this platform, users will be able to trade currencies called ether on the platform.
Because of its worldwide domination in the world, it’s becoming one of the most widely spread forms of currency. Many people use it just because they like the platform and because it’s easy to use.
Chainlink
Chainlink is a form of Ethereum currencies that you can trade on their platform. It helps to power up the Chainlink oracle network.
This oracle network helps connect this to other data sources and payment systems. While it doesn’t cost as much as other currencies out there, many people are praising it.
Even though it was made for the Ethereum platform, many other platforms like Polkadot and Tezos are using it as well. Chainlink was also one cryptocurrency that the World Economic forum recognized and praised by calling them one of the top one hundred Technology Pioneers of 2020.
Uniswap
Uniswap is more of an automated liquidity protocol. It was built on Ethereum, so it works well on that platform as well.
Uniswap takes away the traditional methods of digital exchange because it doesn’t have an order book. Instead, it has a design that they call the Constant Product Market Maker. They also don’t have a centralized party you need to be a part of in order to make any trades
You can also make trades without using an intermediary, which helps it be even more decentralized.
Binance Coin
Binance Coin is also more than just a type of cryptocurrency, making it similar to Ehtereum.
Binance Coin actually used to be hosted on Ethereum, but then Binance went to a more decentralized exchange. They went online in 2017.
This is a platform you can use to trade cryptocurrency, and people can sell and buy Binance coins easily on it. However, if you want, you can also convert Binance coins to other types of cryptocurrencies.
This makes it the biggest exchange on the planet in terms of volume. Because of this, many people now also use it as one of their main sources for trading.
While you do have to pay fees on transactions, Binance helps to cover them by offering you a discount, which is one way that they’ve been able to grow so popular.
Cardano
The creators of Cardano launched the platform in 2017 to be a competition to Ethereum. Input-Output Hong Kong created and designed it, and it became a decentralized company that was based on actual peer-reviewed studies and research.
Their goal is to help redistribute some of the power to individuals so that there can be positive progress and change.
Charles Hoskinson, who was the co-founder of Ethereum, decided to head the business. They’ve experienced the usual growths and losses as other cryptocurrencies, but in early February 2021, they were close to $2 per coin.
They have about 30 billion coins in circulation, but their supply is capped at 35 billion.
Soon, this platform hopes to offer developers and option to create their own decentralized apps.
Discover More of the Best Cryptocurrency to Invest in in 2021
These are only a few of the best cryptocurrency to invest in in 2021, but there are many more of them out there!
We know that investing in cryptocurrency can be stressful at first, but we’re here to help you out and teach you everything to know.
If you enjoyed this article, make sure that you explore our website to find more articles just like this one!
