As of now, there are over 5,000 cryptocurrencies listed on Coinmarketcap, and probably twice as many that youll never know about.
Thats a lot. So, what is the best cryptocurrency to buy in 2021?
In this article, I will share my 11 best cryptocurrencies to invest in for a strong, diversified portfolio.
Whether you are looking for the next big cryptocurrency, or for which altcoins to buy to diversify, read on.
There isnt only one best cryptocurrency to buy.
Lots of cryptocurrencies have various use cases and promise to disrupt various industries.
Investing in cryptocurrency is risky, but investing in only one is way riskier.
So make sure to diversify your crypto portfolio.
Diversification is a great way to hedge your risk and increase your chances of being involved in the next hot cryptocurrency.
Since I love diversification, my list of the best cryptocurrencies to invest in includes coins that:
As all cryptocurrencies presented are so different, make sure to think about which ones make the most sense for your portfolio and your investment strategy.
Going forward, I will describe each coin, its purpose, team, liquidity, price volatility, and other metrics.
In the end, you will have a solid understanding, so that you can decide for yourself which is the best cryptocurrency to buy in 2021.
I will start with popular, well-known cryptocurrencies. Ideal for beginners.
Then, I will move on to some more advanced coins.
These coins may generate more profits, but they require you to know a bit more about them.
Plus, they are likely more volatile than the first coins on my list.
If youve already invested in top cryptocurrencies offered on platforms like Coinbase and want to expand your portfolio, then the coins at the bottom of my list might be best for you.
Bitcoin is the most widely used cryptocurrency to date. It is often referred to as the king of cryptocurrencies, and its primary goal is to act as global, peer to peer, digital cash.
Best Exchanges To Buy Bitcoin
Simply put, Bitcoin is still the best cryptocurrency to buy today, if not the best. I would not recommend anyone invest in cryptocurrency without investing in Bitcoin.
If youre still not convinced, check out why Bitcoin is a good investment.
Litecoin is one of the first cryptocurrencies to come after Bitcoin, and one of the hottest cryptocurrencies of the last decade.
Using Bitcoins source-code, Litecoin is a fork of Bitcoin with some technical changes to the code, making it much faster than Bitcoin. Its mission is also to be a global, peer to peer currency.
Despite its competition, Litecoin is still one of the most trusted and used cryptocurrencies these days.
Ethereum was the first major project to introduce smart contracts.
Smart contracts allow developers to launch mobile and desktop decentralized applications (dApps) on top of the blockchain.
Thousands of tokens run on the Ethereum network, and these tokens were what spurred the initial coin offering (ICO) movement.
Is Ethereum a good investment? Check out the full guide on why Ethereum is worth buying.
Unlike Bitcoin and Litecoin, which aim to be used as currencies, the Binance coin is a utility token.
This means its value comes from how useful it is (and how much demand there is for its utility) within the Binance ecosystem.
Binance is one of the worlds fastest-growing exchanges. Because Binance Coin is used to pay for transactions on the exchange and many other purposes, BNB is one of the fastest-growing cryptocurrencies in 2021 in terms of trade volume.
If youre looking to diversify your cryptocurrency portfolio by adding a utility token issued by a company with a solid business history and an experienced team, think Binance coin.
Basic Attention Token is another utility token most commonly utilized in the Brave Browser.
The BAT token is used to tip content creators, or virtually anyone that you find helpful on the internet. You can tip content creators monthly, or choose to send one time payments to specific people.
Additionally, users who watch ads can get rewarded in BAT. Using smart contracts, advertisers can lock up BAT, and as their ad is viewed, their funds are released to both the Brave Browser and the end viewer.
Monero is a privacy-focused project. The coin utilizes fancy cryptography and privacy logic to hide the participants' identities.
It is widely used on the dark web for this reason and is the most popular privacy coin today.
NEO is often known as the China-based Ethereum. Founded in China, NEO is another smart contract platform enabling developers to launch dApps on the blockchain.
They are slightly more centralized than Ethereum: instead of relying on hundreds of nodes like on Ethereum, there are only a few (less than 10) that make up NEOs decision making.
Beam is another privacy-focused cryptocurrency making waves in the industry.
Unlike Monero, which is a more traditional blockchain project, Beam uses a new blockchain protocol called Mimblewimble.
Without getting into detail, Mimblewimble is known to help significantly with scaling the blockchain and transaction speed, all while maintaining a high level of privacy and anonymity.
Nexo has been gaining some attention recently. Nexo as a software is a wallet that allows users to borrow money using their coins as collateral.
On the other hand, users can also easily and instantly lend crypto and gain interest from lending.
Nexo also offers a free credit card for users and has a unique business model.
The NEXO token is one of the first security tokens to be offered (STO) in the industry.
Cardano, which is competing with Ethereum and NEO, is touted to be more scalable and easier for developers to use.
It aims to be more scalable by introducing two layers of technology: one responsible for tracking balances of the ledger, and the other for transferring value.
Cardano uses two programming languages called Haskell and Plutus.
Haskell has been around since the 1980s, and is Cardanos attempt at making it easier for developers to create decentralized applications. Plutus is the functional language built in-house by Cardanos development team.
Enjin is a fascinating use case for blockchain technology. The company's entire goal is to bring gaming (esports, VR, social, etc.) to blockchain.
This means that gamers can own assets from their games.
Imagine playing games and, when the game is over, you can sell those assets to other players.
You can also buy and collect in-game items from your favorite players and top Twitch champions. Wait for them to increase in value or sell them right away. The choice is yours.
Another amazing feature of Enjin is their Multiverse. The concept is incredible: players will be able to play one game and then transfer their character, assets, winnings, and other items to an entirely different game made by a whole different game developer!
You made it to the end of my list! I hope you enjoyed my top 11 cryptocurrencies to buy for 2021, and that you found the information I provided useful.
If youre looking for more great cryptocurrencies to invest in, or to find out which coin is going to be the next big cryptocurrency, here is what you can do:
An excellent community to explore new cryptocurrencies is the BitcoinTalk forum, specifically the altcoin threads.
You can interact with people deeply involved in this niche, explore opinions, and search for the announcement threads (ANN).
This forum is also helpful to discover projects early on, before they become the next big cryptocurrency.
More great communities can be found on Facebook -- and one of them is our own Facebook group. Feel free to join and ask other members about their favorite cryptocurrencies.
The best crypto exchanges perform a significant number of checks before listing new coins for trading.
You can use these verifications as some kind of quality label to find some of the best cryptocurrencies to invest in which arent listed on this page.
eToro andBinanceare some of the biggest crypto exchanges and offerdozensof the best cryptocurrencies for trading -- I definitely recommend you check themout.
Buying the best cryptocurrencies is not enough to be a successful crypto investor.
Countless promising investors saw their crypto journey end brutally because they did not pay attention to security.
If youre serious about investing in cryptocurrencies, put some effort into reinforcing your security.
I hope you enjoyed this article.
Let me know in the comments which coins you invest in, and which top cryptocurrencies you think are missing from my top 11!
More Useful Resources:
Visit link:
The 11 Most Promising Cryptocurrencies to Buy [2021]
- Bitcoin Technical Analysis: What's Next If The Cryptocurrency Breaks Below The $60,000 Level? - Forbes - June 26th, 2024
- Cryptocurrency Prices, Charts, and Crypto Market Cap | CoinGecko - June 26th, 2024
- 1 Top Cryptocurrency to Buy Before It Soars 12,000%, According to this CEO - Yahoo Finance - June 26th, 2024
- Exclusive: Mike Flood is shaking up Congress over cryptocurrency - Cointelegraph - June 26th, 2024
- 1 Top Cryptocurrency to Buy Before It Soars 12,000%, According to this CEO - The Motley Fool - June 26th, 2024
- COVID-induced social isolation drove cryptocurrency investment up 75% - Phys.org - June 26th, 2024
- Proof of Work vs. Proof of Stake: Unraveling the Heart of Cryptocurrency - TheStreet - June 26th, 2024
- Cryptocurrency fraud: How one company helps track and recover digital assets - FOX 7 Austin - June 26th, 2024
- Building the Cryptocurrency Ecosystem Together: JUHBZ Launches Global Community Collaboration Program #JUHBZ - Media OutReach - June 26th, 2024
- Man Convicted of Violent Home Invasion Robberies to Steal Cryptocurrency - U.S. Politics Today - June 26th, 2024
- Exclusive: Mike Flood is shaking up Congress over cryptocurrency - StartupNews.fyi - June 26th, 2024
- Instacoins Partners With Sandbanks Jets to Surpass 100 Cryptocurrency-Booked Flights - Travel And Tour World - June 26th, 2024
- The Ultimate Guide To Cryptocurrency In 2024: Advantages, Disadvantages, And Everything In Between - Blockchain Magazine - June 26th, 2024
- Correction in the cryptocurrency market: sign of trouble ahead? - Kitco NEWS - June 26th, 2024
- Trump courts cryptocurrency advocates with reported talks to speak at Bitcoin convention - Washington Examiner - June 26th, 2024
- Cryptocurrency: 3 Meme Coins Poised To Note 200% Spike This June - Watcher Guru - June 2nd, 2024
- Donald Trump goes from foe to friend on cryptocurrency - Axios - June 2nd, 2024
- Japan's DMM Bitcoin says over 48 billion of cryptocurrency lost - The Japan Times - June 2nd, 2024
- Japan's DMM Bitcoin says over $300 mln of cryptocurrency lost - Reuters - June 2nd, 2024
- The Path To Becoming A Millionaire With Cryptocurrency - The Crypto Basic - June 2nd, 2024
- Trump's reversal on cryptocurrency reeks of desperation and hypocrisy - MSNBC - June 2nd, 2024
- Coinbase vs. Robinhood: Which one is better for cryptocurrency investing? - KKCO - June 2nd, 2024
- Cryptocurrency: 3 Coins To Buy If You're A Die Hard Web3 Fan - Watcher Guru - June 2nd, 2024
- Cryptocurrency: Top 3 Coins To Buy For 2X Profits In June - Watcher Guru - June 2nd, 2024
- Cryptocurrency Payment Options for Safety in Various Industries - Innovation & Tech Today - May 15th, 2024
- Cryptocurrency: Mass Institutional Adoption Underway, with Bitcoin, BlockDAG Network, and Ethereum Value Surge - Yahoo Finance - May 15th, 2024
- The Ultimate Cryptocurrency to Buy With $1,000 - The Motley Fool - May 15th, 2024
- What Is Ether (ETH), the Cryptocurrency of Ethereum Apps? - Investopedia - May 15th, 2024
- Here Is What 6 Silicon Valley Giants Think About Cryptocurrency - CryptoPotato - May 15th, 2024
- Top 3 Cryptocurrency to Invest Now According to Reddit: Bitcoin, Ethereum, Furrever Token - Yahoo Finance - May 15th, 2024
- Solana Foundation Payments Head Discusses the Evolution of Cryptocurrency in Payment Ecosystems - CoinTrust - May 15th, 2024
- Bitcoin Coinbase Premium: Key to Predicting Cryptocurrency Trends? - West Island Blog - May 15th, 2024
- Cryptocurrency Price Today: Bitcoin Continues Roller Coaster Ride As It Dips Below $62,000 Again - ABP Live - May 15th, 2024
- Cryptocurrency Immutable Down More Than 7% Within 24 hours - Investing.com UK - May 15th, 2024
- Cryptocurrency Ethereum Classic Down More Than 3% Within 24 hours - Investing.com UK - May 15th, 2024
- May's Premier Cryptocurrency Picks: Surging Ethereum, Hump Token, and BlockDAG - The Merkle News - May 15th, 2024
- Cryptocurrency Filecoin Decreases More Than 3% Within 24 hours - Investing.com UK - May 15th, 2024
- Easy STPT Claim. Navigating the realm of cryptocurrency | by ATHVertcoinDecentralizedFinanceBroker | May, 2024 - Medium - May 15th, 2024
- Cryptocurrency Aptos Falls More Than 4% In 24 hours - Investing.com UK - May 15th, 2024
- 1 Top Cryptocurrency to Buy Before It Soars 5,000%, According to Cathie Wood - The Motley Fool - April 19th, 2024
- Cryptocurrency Prices And News: Bitcoin Falls Below $63000 Ahead Of Halving - Investor's Business Daily - April 19th, 2024
- Central Bank of Fiji Warns About Penalties For Purchasing Cryptocurrency Regulation Bitcoin News - Bitcoin.com News - April 19th, 2024
- Cryptocurrency Market News: Spot Bitcoin ETFs Shift to Outflows Ahead of Halving - Investopedia - April 19th, 2024
- Cryptocurrency: 3 Coins To Buy for Long-Term (10x) Profits This Bull Run - Watcher Guru - April 19th, 2024
- Cryptocurrency: Top 3 Coins That Could 10X In The Bull Run - Watcher Guru - April 19th, 2024
- RANAEX Revolutionizes Cryptocurrency Trading with Team Introduction and Licensing Milestone - AccessWire - April 19th, 2024
- Cryptocurrency: Top 3 Coins To Watch This Weekend - Watcher Guru - April 19th, 2024
- 1 Top Cryptocurrency to Buy Before It Soars 3,186%, According to Cathie Wood - The Motley Fool - April 19th, 2024
- Bitcoin halving on deck here's what to expect (Cryptocurrency:BTC-USD) - Seeking Alpha - April 19th, 2024
- Cryptocurrency: 3 Coins That Could 2X Post Bitcoin Halving - Watcher Guru - April 19th, 2024
- 3 Must-Know Facts About Solana, Before You Buy the Cryptocurrency - The Motley Fool - April 19th, 2024
- Cryptocurrency: Top 3 Coins to Watch This Week - Watcher Guru - April 19th, 2024
- Bitgets COO takes center stage to discuss the future of Cryptocurrency at Blockchain Life Week 2024 - ZyCrypto - April 19th, 2024
- Cryptocurrency Arbitrum's Price Increased More Than 4% Within 24 hours - Benzinga - April 19th, 2024
- M20 Chain and MCoin: Pioneering the Future of Cryptocurrency - NewsBTC - April 19th, 2024
- Cryptocurrency: 3 Coins That Could Hit All-Time Highs This Week - Watcher Guru - April 19th, 2024
- 1 Super Cryptocurrency Could Soar to $200,000 by 2025, According to a Wall Street Analyst - The Motley Fool - March 21st, 2024
- Compass Coffee Makes a Bold Move By Accepting Cryptocurrency in D.C. - Eater DC - March 21st, 2024
- Beyond Viral Trends: Ecoterra's Mission for Sustainable Wealth in the Cryptocurrency World - Yahoo Finance - March 21st, 2024
- Montenegro appeals court confirms 'cryptocurrency king' will be extradited to South Korea - Fox News - March 21st, 2024
- BBB: What you need to know about cryptocurrency fraud - WATN - Local 24 - March 21st, 2024
- Cryptocurrency Price on March 20: Bitcoin tumbles 6% to below $61,000 ahead of Fed meet outcome - The Economic Times - March 21st, 2024
- I Made $31,000 by Investing In This High-Risk Stock and Cryptocurrency - Yahoo Finance - March 21st, 2024
- When Will The Cryptocurrency Market Bounce Back Up? - Watcher Guru - March 21st, 2024
- The Trump-themed "MAGA" token has appreciated more than 700% is it the next hot cryptocurrency trend? - KTVZ - March 21st, 2024
- SEC seeks to classify ether as a security - report (Cryptocurrency:ETH-USD) - Seeking Alpha - March 21st, 2024
- Shiba Inu Is Skyrocketing: Is It a Top Cryptocurrency to Buy Right Now? - The Motley Fool - March 21st, 2024
- ETMarkets Emerging Investment Opportunities: Minting confidence in cryptocurrency, Edul Patel dives into the Bitcoin ... - The Economic Times - March 21st, 2024
- The Ultimate Cryptocurrency to Buy With $1,000 Today - Yahoo Finance - March 21st, 2024
- This Is Arguably the Most Important Use Case for Bitcoin and Cryptocurrency, According to Brian Armstrong - The Daily Hodl - March 21st, 2024
- Goldman Sachs Predicts the Future of the Cryptocurrency Market - Watcher Guru - March 21st, 2024
- Bitcoin slips to about $63,000 as the cryptocurrency tracks for third straight losing day - MSN - March 21st, 2024
- Montenegro court confirms mogul known as 'cryptocurrency king' to be extradited to South Korea - Bowling Green Daily News - March 21st, 2024
- Game Changer: How Cryptocurrency is Revolutionizing the Sports Industry - CryptoDaily - March 21st, 2024
- Cryptocurrency: Top 5 Coins To Buy During The Dip - Watcher Guru - March 21st, 2024
- Backsliding Bitcoin (BTC) and Ethereum (ETH) Drop 10%, Cryptocurrency Professor Anticipates Option2Trade Will Fill ... - The Portugal News - March 21st, 2024
- 1 Top Cryptocurrency to Buy Before It Soars 2,139%, According to Cathie Wood - The Motley Fool - March 13th, 2024
- Trump indicates he might be tolerant of cryptocurrency if elected - Cointelegraph - March 13th, 2024
- Cryptocurrency Miners Need to Report their Energy Use - Earthjustice - March 13th, 2024
- Cryptocurrency: 3 Coins Trading in Cents Set To Reach $1 - Watcher Guru - March 13th, 2024