We are in the middle of some type of crypto bubble. However, that doesn’t mean there is no opportunity to make money in crypto anymore. Here are the Top 10 cryptocurrency to invest in for 2021/2022 which are based on their current use and future potential. These digital currencies have also been around for a while. So let’s have a look at the Top 10 cryptocurrencies.
Bitcoin is the first cryptocurrency to come out and be the brand face of what crypto is today. With unquestionable popularity in the market and still the number one coin to rank in the market value. Bitcoin hit a new all-time high of 19,857$ by the end of November 2020, extending its year-to-date increase to 177%. Growing institutional demand, rising inflation, and an increasingly negative view of current monetary policy are among the main bitcoin price drivers in 2021. All of this forces individual investors and institutions to search for other ways to preserve their capital’s worth. Cryptocurrencies especially bitcoin appear to be the ideal solution. Bitcoin is the number one among all other Top 10 cryptocurrency to invest in for 2021/2022.
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At the time of writing, the price of Litecoin is floating around 87$ making it very accessible. The market capitalization of LTC is 5.792 billion dollars. The cryptocurrency has one of the shortest mining types and a large block reward of 25 LTC. we can’t say that LTC is the good crypto currency this year, it has never dropped out of the top 10 most common cryptocurrencies and 2021 will be no different. Some analysts believe that the price of Litecoin will begin to increase in the coming years. According to cryptogram bullish LTC cryptocurrency prediction, Litecoin will trade at 88$ in a year and will rise to 347$ by the end of 2024.
Ethereum is the most promising cryptocurrency. It is included in the cryptocurrency predictions 2021 as it performed well in the challenging year of 2020. Ethereum is the second-largest cryptocurrency after bitcoin which has a market capitalization of 68.127 billion dollars as of December 2020. The cryptocurrency began the year at around 125$ and has since risen to around 380$ in just over a year.
DeFi is one of the hottest crypto developments with the potential to change insurance, loans, and saving schemes by removing them from the control of banks and other centralized financial institutions. DeFi is the fastest-growing field in the crypto world hit new highs in 2020. Ethereum’s strong position as the leading old coin was aided by the influx of market investors and money to the DeFi as it dominated the sector with 96% of the total volume of transactions.
4.Basic Attention Token (BAT)
Since its inception in 2015, Cardano has been a strong player and 2021 appears to be another strong year for this cryptocurrency. Cardano is a third-generation cryptocurrency that seems to be doing a lot of the same things like Ethereum. 95% of its owners are based in Japan so it is often referred to as the Japanese Ethereum. Cardano according to others has a lot more to offer. According to Dare Shonubi of Coinpedia, it could hit 10$ by the end of 2021 which if valid would make it one of the best coins to invest in by a long shot.
6.Bitcoin Cash (BCH)
Since the fork of the bitcoin network in August 2017, bitcoin cash has become a thorn in the side of bitcoin. In only three years it has attracted a lot of publicity from some major names. Supporters of bitcoin cash point to how bitcoin has implemented features such as the lightning network and SegWit two times. They claimed it as unnecessary and diverge from Nakamoto’s original vision as outlined in his white paper. The bitcoin cash team on the other hand is now focusing on introducing smart contracts, which many believe is a significant contraction. Another advantage bitcoin cash has over bitcoin is that transaction costs are much lower and it’s also much cheaper to invest in.
7.Binance Coin (BNB)
Binance the company behind the coin has a long track record of success. It has an established team behind its core idea of being a utility token. The value of BNB is determined by its usefulness and the amount of demand for its utility. This helps to offer a discount to traders who use it to purchase other cryptocurrencies on the Binance exchange. Binance coin is currently one of the most liquid cryptocurrencies ranking in the top 10 on the coin market cap, its volume is also steadily increasing.
Despite the fluctuations, Binance coins price increased threefold in the previous year. BNB is also one of the world’s most successful and fastest-growing cryptocurrency exchanges. It has a fantastic outlook for 2021. The economy forecast agency projecting a price range of 439$ to 505$ for December representing a huge rise.
Tron is at the end known as an ambitious project with a lot planned for the future. It is also on our list since TRX or Tronix. The cryptocurrency used on the Tron network is one of the few ERC-20 tokens to make it onto the main net, its blockchain is now operational. As of 2021 TRON has over 4 million accounts. The growth is remarkable and it demonstrates TRON’s enormous potential. According to the coin market cap, TRX ranked 15th on the list of the largest cryptocurrencies by market capitalization in 2020. Similarly to BAT Tronix can be used by content users to pay content creators for access to the original material. TRON is expected to hit 0.0716$ in one year at 0.152$ in 5 years according to wallet investor that’s a whopping 185.89%.
EOS has already overcome some of Ethereum’s obstacles such as the need to know how to code in solidity to create dx. It is well known for offering developer services such as account management, and database development without the need for programming skills. Investors are also celebrating EOS’s many technical advantages such as the fact that it is much faster and more scalable than Ethereum and bitcoin. Users are also not required to pay for gas to access the network. Instead, transactions are authorized by a centralized body of 21 gatekeepers.
Ripple’s philosophy and aims are distinct from those of the other cryptocurrencies on this list which makes it special. Ripple is a venture-backed startup that provides financial settlement services to banks. It allows them to conduct transactions across national boundaries directly and instantly. It is geared towards broad organizations rather than individual users. As security is one of the reasons experts believe ripple will explode in 2021 and the years ahead. As many assume that ripple will solve this temporary crisis prices have fallen significantly providing an unprecedented buying opportunity.
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These are the Top 10 cryptocurrency to invest in for 2021/2022 which could be a smart investment to add to your portfolio. So it may not be the dumbest idea to have some cryptocurrency investment, your future self might thank you for it.
Therefore this article Top 10 cryptocurrency to invest in for 2021/2022 will surely give some ideas for a safe investment.