The business world has evolved even more with the introduction of cryptocurrency. It has become another popular asset that businessmen, organizations, and individuals can invest in. Currently, cryptocurrency is a trade option for 3% of the global population, however its popularity is increasing with the number of investors rising daily.
Digital currency investment is no joke. It requires adequate planning and time for the investor to evaluate or predict the future trends in its value. Before you actually invest in cryptocurrency, it is a good idea to explore different sources to get a better idea of the trends and identify the best opportunities.
Let’s take a look at the best cryptocurrencies to invest in for 2021, and why you should consider this as a worthy investment in the first place. So let’s get started!
Cryptocurrencies: What Makes them a Worthy Investment?
Before we get to the best digital currencies to invest in, we need to see why you would purchase cryptocurrencies at all.
Easy Accessibility: because of the growing demand for digital coins, they are easily widely available, regardless of what part of the world you’re in. It is also easy to trade them whenever you desire.
High Security: cryptocurrency is a safe investment since you do not have to worry about identity frauds and thefts.
Reduced fees: compared to traditional exchanges, the fees imposed on cryptocurrency transactions is much lower.
Quicker exchange: with cryptocurrency you do not waste any time since the transaction is processed almost instantly.
The 5 Best Cryptocurrencies to Invest In
This is the oldest form of cryptocurrency which makes it obvious why it’s the leader in terms of price, market cap and volume compared to other options for investment. Although there are thousands of cryptocurrencies available in the market, 40% of the cryptocurrency market cap is represented by Bitcoin.
The Ethereum network permits the creation of a developer’s own cryptocurrency which makes it quite different from bitcoin. Even though Ethereum is far behind if you compare it to bitcoin, it is still way ahead from the other competitors.
This currency experienced an upward trend since 2017. Although the trend was not as quick as with the currencies mentioned above, it is still considerably higher than the other cryptocurrencies out there. It is one of the most promising investment options because of its stability which reduces any risks.
Since it is associated with the US dollar, it is one of the most stable cryptocurrencies. Each unit of tether is equivalent to one dollar in the Federal Reserve Bank. This means it is marvelous option for investors who wish to transact with their cryptocurrency.
Where to Invest in Cryptocurrency?
Searching for a trustworthy platform to trade and invest in cryptocurrency? An excellent place to start is CoinStirs, a platform which guarantees safe trade of cryptocurrency. It does not involve any concealed fees and costs, and it offers multiple options for payment, making it a less complicated option.