Cryptocurrencies are now the hottest digital currencies across the world in the cryptocurrency market. Investors have started gifting cryptocurrencies as smart holiday presents in 2021. It is easy to give cryptocurrencies as holiday gifts to friends and families. There are different ways to gift cryptocurrencies but people should have a crypto account or an email id to receive this incredible holiday present. Let's explore some of the top cryptocurrencies to give away as holiday gifts in 2021.
Bitcoin is the most popular cryptocurrency that is in circulation in the market. It represents 40% of the entire crypto market as its size and value make it one of the best coins to hold. Bitcoin has been around much longer than the rest of the cryptos, which has led to more people transacting with it. One of the biggest selling points of BTC is that it is the most widely accepted currency for purchases.
Ethereum is the second-best crypto in the market, next to Bitcoin, and makes up 22% of the global crypto market. Many investors are considering buying Ethereum, which has already soared nearly 800% in the past year because the technology behind ETH facilitates more utility than BTC, including applications in gaming, finance, private transactions, and non-fungible assets.
If the investors love ETH due to its enhanced utility over BTC, then they are ought to love Solana. It facilitates a large ecosystem of over 400 applications, including decentralized finance (DeFi), one of the largest marketplaces for NFTs, and various apps and games. Solana has exponentially soared in value since 2020, making its way to become the fifth-largest cryptocurrency in the market.
Shiba Inu is that meme cryptocurrency that has been making headlines for the past couple of months as the crypto witnessed a great increase in popularity and daily trading volume in 2021. Crypto market analysts believe that Shiba Inu by far had the greatest increase when it comes to price, even though the actual price value of the individual coin is quite low. It might also make a cute crypto gift for pet lovers!
Cardano has soared more than 1,100% this year. The dynamic young cryptocurrency has outperformed crypto heavyweights like Bitcoin and Ethereum and holds great growth potential in the future. Today, ADA is the fourth-largest cryptocurrency in the market, and analysts envision a serious increase in market value. That being said, though it is a fun and crazy holiday gift to give to friends and families, one has to consider that it is a risky venture as the cryptocurrency market is highly volatile in nature. They can incur massive losses in their digital wallets without any extensive research.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.