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Cryptocurrencies are the thought in every investor's mind. It's a topic that is popping like hot popcorn on every business media outlook, rightfully for its volatile price highs and lows. If you've thought about investing in Bitcoins, hold that thought because there are plenty of other cryptocurrencies in the market that have the potential to grow and get your profits. Wondering where to start? This article will answer all your questions.
Before you select crypto, you need to pick a cryptocurrency exchange to buy, sell, and hold your digital asset. Here's a list we made that will tell you everything you need to know including the fee and features. Next, you will need a cryptocurrency wallet to make transactions. Click here to know the details. And if you are having second thoughts about investing in cryptocurrencies with questions like "Is it safe?", "How can I use it?", read this to make a smart decision.
Now that you have set up the base for buying a cryptocurrency, here are the top cryptocurrencies that are showing great growth potential in 2021.
After Bitcoin, this is the second most valuable crypto coin in the world. It's more than just a cryptocurrency, the blockchain-based platform that supports Ether is the first one to introduce smart contracts which allow developers to make an application based on it. The transaction speed of Ether is also pretty quick compared to Bitcoin.
Highest spike: $ $4,300
Ether's price today: $4,249
Ripple was created in 2012 with a unique thought in mind, to solve problems related to international payment transfers. Traditionally, international money transfer takes about a week but Ripple can make it happen in a few seconds. Out of all the cryptocurrencies right now, Ripple is one of the few that is being tested for real-world use. So buying this cryptocurrency will be a wise decision.
Highest Spike: $2.21
Ripple's price today: $1.4
This is not Bitcoin but a part of it. When the Bitcoin developers were unable to alter the changes in Bitcoin's code, they made BCH. The new codes made Bitcoin Cash faster than Bitcoins.
Highest Spike: $3,721
Bitcoin Cash's price today: $1,440
Ethereum's co-founder created Cardano with the ability of smart contracts. Compared to Ether, Cardano has the 3rd most advanced blockchain technology out of the lot, which makes this a secure investment.
Highest Spike: $1.72
Cardano's price today: $1.72
Litecoin was created by an ex-Google employee on the blockchain technology of Bitcoin, but improved. The reason it's called a 'Lite' coin is that the transaction speed is 2.5 minutes, faster than Bitcoin's 10 minutes. It's one of the most steady cryptocurrencies for 7 years.
Highest Spike: $364
Litecoin's price today: $360
Compared to Ether, EOS is a lot more scalable because of its advanced mechanism, a combination of Delegated Proof of Stake and Byzantine Fault Tolerance to verify transactions. This makes EOS the most secure cryptocurrency to make transactions.
Highest Spike: $0.87
EOS's price today: $0.665
Stellar was created by the founder of Ripple with the same aim to facilitate cross-border payments. Compared to Ripple, Stellar is more decentralized and has strategic partnerships with over 30 banks.
Highest Spike: $ 0.8971
Stellar's price today: $0.6757
IOTA is the most unique cryptocurrency of all as it uses a new protocol investigation called "Tangle" and not blockchain technology. The biggest advantage of IOTA is the zero transaction fee.
Highest Spike: $5.35
IOTA's price today: $2.03
NEO has the speed to complete 10,000 transactions per second. NEO is one of the few crypto coins that supports C++, C#, Go, JAVA, making it the programmer's favorite.
Highest Spike: $100
NEO's price today: $108.26
No list is incomplete without Bitcoin. The most popular and the highest valued crypto in the world, despite all its cons, if you have the funds to invest, buy Bitcoins. There's no doubt about its growth as it's a loyal option for many investors globally.
Highest spike: $60,000
Bitcoin's price today: $55,593
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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.
