Cryptocurrency has become a household name so much that that it won’t be surprising to hear it in the lyrics of a song from your favourite artist soon. Since the Blockchain technology became functional it has, like the internet, Artificial intelligence, etc., brought about a lot of transformational adjustments to the world.
From us at Techbooky, here is a list of the top 5 cryptocurrencies you should invest in this 2021 if you’re considering becoming a part of the crypto-world.
TRON was initially launched on Ethereum’s network. Unlike other cryptocurrencies, TRON is a reward platform. It is mostly a peer-to-peer network and aimed at changing the entertainment industry and democratising the creation of content. What this means is that, its network works as a content-sharing platform where users get TRX when they create or share content. It therefore serves as a more transparent monetization for social media users and do not require a middle man to use it. It is already in partnership with big companies like Samsung, oBike; a bike-sharing company, Chinese search engine Baidu, and Baofeng; the so-called Chinese Netflix. This is one cryptocurrency to explore for social media monetization and rewards.
Right now Litecoin is quite affordable. As at the time of this, Litecoin is fluctuating around $87. The Litecoin market capitalisation is $5,792bn. Litecoin currently boasts of one of the cryptocurrencies with the lowest time required for mining. Although Litecoin is not one of the best performing cryptocurrencies for now,it is becoming really popular and it has a lot of potentials. Experts say Litecoin price will grow in the coming years. Remember how Bitcoin came? So if you’re looking to invest and wait for your investment to grow, you might just want to try Litecoin.
Ripple came in 2013 as a financial payments system. It’s aim was to facilitate and transform the traditional payment system across borders, make the absolutely free, safe and instant. Since it came, it has gotten the attention of many financial institutions and has been adopted by over a hundred. As at 2020, the Ripple blockchain has expanded across 300 providers and 40 countries.
Ethereum showed great performance in in 2020 amid the coronavirus pandemic. Experts say it is one of the cryptocurrencies to watch out for this year. One fun fact about Ethereum is that it is the second-largest and most sought-after cryptocurrency after Bitcoin. It had a market capitalisation of $68,127bn in December 2020. At the beginning of 2020, Ethereum traded around $125 and shot up to around $600, which is a 380 per cent surge within a period of 12 months. Ethereum is one of the best cryptocurrencies to invest in this year because it’s open source blockchain network has always served as a preferred network for decentralised applications (dApps) and it supports other crypto platforms such as Uniswap (UNI), Maker (MKR) and Aave (AAVE), which are active in the Decentralised Finance sector. It is also one of the fastest growing cryptocurrencies.
Bitcoin doesn’t need any introduction. Even if you don’t use it, you must know about it. It’s that much of an household name. Bitcoin is so popular that big-tech companies and financial institutions like Tesla, BNY Mellon, Mastercard, etc have invested and are associating themselves with it. Although it is expensive, Bitcoin is a great buy and promises to continue to go up, so now is the time to invest. Many cryptocurrencies will come and go but Bitcoin is here to stay and experts say it will continue to surge.