.png){kind=logo}
Ever since Bitcoin's debut in 2009, the cryptocurrency market as a whole has started heading towards an astonishing upward path. At this speed of adoption and more investors jumping into the bandwagon every day, digital currency investments might actually overtake the volume of stocks, precious metals, forex, and commodities soon. Even when every cryptocurrency is highly admired, the hype for bitcoin is undying. Being the first cryptocurrency and the most important digital token that drove traffic into the cryptocurrency market, bitcoin is still many investor's first choice. Unfortunately, bitcoin's price is not very reliable and when you are planning to invest in digital currencies, you need to devise an effective strategy to keep your money safe. Bitcoin, for instance, rose from US$45,000 in March to a high of US$63,000 in mid-April only to plunge and almost hit a death cross before reaching a moderate value. This volatility in bitcoin's price indicates how important it is for investors to think beyond the foremost currency and also choose another top cryptocurrency as their investment pick. Even if you are buying a top cryptocurrency, make sure that you don't spend more than you can afford. To ease your burden on choosing the right digital currency, Analytics Insight has listed the top cryptocurrency with the best growth potential in 2021.
Bitcoin, synonymous with cryptocurrency, is the longest surviving digital token. Even new investors in the digital currency market would know why bitcoin is at the top. Its price, market capitalization, volume, etc are much higher compared to any other investment options. Besides, bitcoin miners also make good money by engaging in the mining process. All these aspects of bitcoin have kept the digital currency at the top for a long time. In 2021, the usage of bitcoin has intensified even more with many businesses and conglomerates accepting bitcoin payments.
Ethereum is one of the most loved cryptocurrencies among many investors who invest in the digital currency market to get more than profits. Both a cryptocurrency and a blockchain platform, ethereum serves many purposes and introduces extraordinary features to investors. Their smart contracts, easy-to-use transaction methods, exposure to NFTs, etc are often adored. In the past five years, ethereum has experienced tremendous growth. The prices have gone up from US$11 in 2016 to US$3,000 today, with a rough 27,000% growth.
Launched in 2011, Litecoin followed the footsteps of bitcoin when it comes to internal operations. It was also referred to as 'silver to bitcoin's gold.' Charlie Lee, an MIT graduate, and a former Google Engineer created Litecoin as an open-source global payment network that functions autonomously without anyone's supervision and authority. Crypto investors who know the internal mechanism of litecoin would pick the digital currency as a better source of investment compared to bitcoin for its amazing features. It has a faster block generation rate and hence offers a faster transaction confirmation time.
With a funny and quite shady past, Dogecoin is the famous entrepreneur and all-rounder, Elon Musk's favorite choice. In a nutshell, the cryptocurrency surfaced many instances and experienced severe price hikes because of Elon and his unintentional campaigns. The meme-based cryptocurrency is one of the cheapest, yet, best cryptocurrencies on the top list. Experts also voice that dogecoin has great potential to make it to the top in the coming days.
Tether made its debut as the first-ever stablecoin that rocked the world. The cryptocurrency breaks every cliche of volatility in the market by emerging as the dollar-pegged investment source. Even when famous cryptocurrencies like bitcoin, dogecoin, and ethereum face dramatic price falls and fluctuation, Tether will be the least affected. Tether attempts to smooth out price swindling to attracts users who may otherwise be cautious.
Despite costing around US$2.90, Cardano is still one of the most popular cryptocurrencies in the digital currency sphere. It is known among crypto investors for its flexible network and fast transaction facilities. Cardano's scalability, interoperability, sustainability, and ability to develop smart contracts, make it an investor's top pick. Cardano's price has gone up recently after it added the feature to build smart contracts on the app.
Being the most recently launched cryptocurrency, Solana didn't sulk to reach new heights. Originally developed to help power decentralized finance (DeFi) uses, decentralized apps (DApps), and smart contracts, Solana has made a remarkable stand as an investment model as well. It runs on a unique hybrid proof-of-stake and the proof-of-history mechanism that quickens the transaction process.
After breaking away from ethereum, some in the leadership team came up with Polkadot. Unlike other cryptocurrencies with a one-lane transaction model, Polkadot contradicts their motive and provides multiple lane transactions. It is designed to reward genuine investors and weed out people who are just trading to make money quickly. Polkadot investors can also make decisions on network fees, network upgrades, and keeping or removing parachains.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
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.
