10 Best Cryptocurrency to Invest in 2021 and Beyond
The year of 2020 has been a very distressful for most of us — due to the pandemic. But, it has been a good year for crypto world now.
We are in the bull market now!
Well, if you have some money and want to invest in cryptocurrencies, now it is the right time!
Hold on…
You probably know it by now that there are more than 5000 cryptocurrencies out there. Therefore, deciding which of the better cryptocurrencies to invest in is simply not a an easy job.
The good news is “You are reading the right article!”
We’ve put together a complete review for you about 10 best cryptocurrencies to invest for 2021.
Before we have a closer look at the strongest cryptocurrencies in 2020, let’s make sure you are mindful of the arguments for investing in cryptocurrencies.
Why do you want to participate in cryptocurrencies?
Many people would argue that bitcoin is the future of finance. Although the future might be years away, it’s definitely not an insane statement to make. Digital currencies deliver many benefits over conventional fiat currency, such as lower fees, reliability and transaction pace.
Looking at cryptocurrencies from an investor ‘s viewpoint and asking, “Why should I invest in cryptocurrencies? “There are five major factors to consider:
Amount: fractional investing lowers the minimum investment hurdles so that virtually anyone out there can buy cryptocurrencies.
Liquidity: Cryptocurrency markets are available 24/7 such that you can sell, acquire and cash out the money at any moment.
Transparency: the blockchain tracks all transactions that are open to everyone around the world. It guarantees an ultimate degree of accountability for investors.
Diversification: the vast amount of cryptocurrencies out there helps you to conveniently diversify your portfolio in order to minimize risks.
Fees: digital currencies pay lower fees than conventional investment funds.
What cryptocurrency is there to invest in?
Now that you appreciate the advantages of investing in cryptocurrencies, look at the list of the best cryptocurrencies to invest in 2020. This list is focused on the ability of these cryptocurrencies to demonstrate sustained development over the coming months.
10 Best Cryptocurreny to Invest in 2021 and Beyond
1. Bitcoin (BTC)
The list of the best cryptocurrencies to invest in can not start with a different cryptocurrency than Bitcoin — the most famous cryptocurrency in the world. In fact , the success of this digital currency is one of its greatest advantages over other players on the market.
As long as Bitcoin manages to control the cryptocurrency industry, investors can still profit from a high degree of liquidity. Also in times of business volatility. Over the years, Bitcoin has seen volatile yet steady progress.
With the Bitcoin Halving 2020 around the corner, the world expects Bitcoin to hit new historic peaks shortly.
Ripple (XRP)
Third cryptocurrency market capitalization but second in our ranking, Ripple (XRP) is one of the most exciting investments in this chart. Its strong infrastructure and network are increasingly opening up new opportunities in the area of foreign exchange, finance and payment networks.
Remittance giant MoneyGram earned over $11 million from Ripple in 2019 to use the blockchain platform for payment solutions. “MoneyGram continued to extend its strategic alliance with Ripple as the first money transfer firm to scale up the use of blockchain capabilities,” the company wrote in a press release.
MoneyGram depends heavily on Ripple’s On-Demand Liquidity, a product that runs on XRP. Institutional interest is a key factor behind the buoyant XRP 2020 forecast.
In February 2020, the European money transfer service Azimo announced that it would also start using Ripple’s On-Demand Liquidity to accelerate the speed of consumer transactions.
The list of businesses using Ripple resources continues and continues. Experts agree that 2020 would result in higher acceptance of XRP and thus dramatically increase its price.
For payment and the instant payout scheme, these provided methods are widely used. By these approaches, everybody feels comfortable to avoid additional tax on transactions.
To be continue
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