Much to our surprise, cryptocurrencies have turned out to be one of the most sought-after investments – not only for short-term profits but also as a means of a long-term investment. Amidst all this, which ones to invest in is a tricky task. The fact that the cryptocurrency market is highly volatile makes it all the more important to rely on promising cryptocurrencies. To make it easier for you, we have come up with a list of the most promising cryptocurrencies of 2021. The factors considered while coming up with this list include track record, longevity as well as technology used. Keep reading to know what are the most promising cryptocurrencies worth investing in.
Bitcoin
How can one not start by mentioning the world’s largest cryptocurrency that has already made it into the investment portfolio of almost all the investors? Bitcoin also referred to as digital gold, has been around for the longest of time. The fact that Bitcoin represents over 40% of the cryptocurrency market capitalization itself speaks volume as to how good of an investment this is. With many businesses accepting it as payment, Bitcoin can undoubtedly be termed as a smart investment. With larger banks showing an inclination towards incorporating Bitcoin transactions into their offerings, it isn’t surprising anymore to consider Bitcoin as one of the promising investments for the years ahead.
Ethereum
Ethereum has garnered attention from everywhere possible for not just being the cryptocurrency with the second-largest market capitalization but also as a network that allows developers to create their own cryptocurrency. All this is possible as a result of the Ethereum network. What makes Ethereum stand apart from the rest is the manner in which it has far exceeded its place in the market because of its unique technology.
Binance coin
Binance coin has always been one of those cryptocurrencies that investors can rely without much hesitation. This is because of the stability it comes with along with fewer risks. Binance Coin’s commitment to maintaining a strong blockchain is definitely worth a mention. Post-2017, Binance coin’s slow but consistent trend is the reason why it has found itself a spot in the list of the most promising cryptocurrencies of 2021.
Polkadot
Polkadot is that one digital currency that was designed with a clear objective – to reward genuine investors and weed out those who are just trading to make money fast. Yet another interesting aspect of this cryptocurrency is that it has several “lanes” to complete the transactions rather than just one.
Stellar
Stellar has grabbed attention for being the bridge between the banks and the blockchain networks. One of the many magnificent features of Stellar is that it holds the potential to convert any currency and trade it across channels. What follows is cheaper and faster transactions. All in all, this cryptocurrency has done justice to the objective for which it was brought into existence – to serve a niche need within the world of cryptocurrencies.
