There are numerous cryptocurrencies that offer lucrative investment opportunities. Below is a list of the Top 10 best cryptocurrencies for investment in 2021.
VeChain
The primary application of VeChain technology lies in the ability to track supply chains of various products, such as clothing and automobiles. This enables product authenticity verification and tracking of their movements. The project shows great potential and is successfully evolving, with numerous partnerships established with leading global brands. Over the past year, the cryptocurrency's price has increased by more than 100%. The company's market capitalization stands at $642 million.
Monero
A cryptocurrency that positions itself as a high-privacy payment system. With the use of encryption algorithms, Monero provides users with the ability to transact without revealing wallet ownership. Transactions involving cryptocurrency transfers are split into several smaller ones, enhancing anonymity. Currently, Monero ranks 14th by market capitalization. Developers continue to focus on improving the anonymity and security of wallet holders, though this raises certain risks as it could potentially be used for illicit purposes, such as terrorist financing or money laundering.
Cardano
A cryptocurrency based on Ethereum's principles. The project’s uniqueness lies in its team’s commitment to addressing fundamental issues within the industry, including scalability, sustainability, and compatibility among different cryptocurrencies. Solving these challenges will lead to a broader adoption of cryptocurrency. The project has not been stagnant; numerous positive changes occurred in 2020, and the cryptocurrency has seen a growth of 120% to date.
EOS
A platform for decentralized services based on smart contracts. The objective of the project is to create a global computing environment where various decentralized services can be developed for distributed computing via blockchain technology. The technical aspects of EOS have received criticism from experts, and it faces strong competition from other smart contract platforms, creating an ambiguous outlook for the coin. In 2020, the coin did not exhibit significant growth; however, it remains a serious and substantial project.
Chainlink
This is a critical link between smart contracts and the real world. The platform functions as a decentralized network. In 2020, Chainlink saw a significant increase (310%), generating strong interest from investors.
Litecoin
An alternative to Bitcoin with improved algorithms. Its primary purpose is the transfer of value and the use of cryptocurrency as a payment method, where it ranks second in popularity. Initially, the project was derived from Bitcoin. Litecoin presents itself as a more technologically advanced project, boasting higher transaction speeds. It has been in existence since 2011, establishing itself as a reliable and promising project.
XRP
A cryptocurrency designed for banking operations. The project's concept revolves around creating a real-time settlement system to facilitate fast transactions worldwide. Supported by credible developers, advanced technology, and numerous global partnerships, the campaign has proposed a technology capable of transforming the payments sector. Its partners include major banks and payment systems, and its high market capitalization makes it a worthy investment consideration for the long term.
Binance Coin
The official cryptocurrency of the largest cryptocurrency exchange, Binance. It is rapidly evolving, introducing new tools and gaining increasing popularity, a trend that is reflected in the price of Binance Coin. It’s a reliable project with high potential.
Bitcoin
The world’s first decentralized payment method. As the most popular cryptocurrency, Bitcoin boasts the highest market capitalization, with a finite supply that drives demand. Over its 11 years of existence, the technology behind Bitcoin has remained fundamentally unchanged. In the coming years, Bitcoin is expected to maintain its leadership position in the cryptocurrency landscape.
Ethereum
The first platform for smart contract projects, Ethereum is currently the most promising platform in the market. It ranks second in popularity and adoption among cryptocurrencies. The future potential of Ethereum lies in its widespread use across various industries, enabling independent developers to create decentralized applications for diverse purposes. Ongoing development and continuous feature additions are crucial parts of its evolution. Ethereum's smart contracts are increasingly appealing to major corporations and various governments, and throughout its existence, Ethereum has demonstrated consistent growth.
