Cryptocurrencies have been on the market for a number of years now and have undeniably proved to be one of the most lucrative trading vehicles to beat earnings from traditional stocks and resources, such as oil and gold. We can all agree that in terms of passive income cryptocurrency holds the highest point in the 21st century.
If you think about where to invest in 2021, coins might be your strongest and most lucrative choice. Indeed, the industry has more than 500 separate forms of cryptocurrencies, and it may be difficult for newcomers to make up their minds.
Bitcoin has been one of the most highly debated options. But still not the only best one. According to the latest XRP price forecast, cryptocurrency is becoming increasingly common among investors, winning new positions and providing outstanding performance. Other alternatives include Litecoin, BAT, and Ethereum. We have arranged some ideas for you. Take a peek at these top crypto coins to invest in next year, and launch your 2021 on the right foot.
Who has not heard about Bitcoin? Not only is it the first cryptocurrency to be accessible in the market, but it is still one of the costliest yet flexible cryptocurrencies that have existed since then. Among the main advantages when utilizing Bitcoin are consumer control, peer-to-peer orientation and encrypted–protected transactions, lack of banking fees, low payment fees for foreign payments, and usability.
Referred to as the “gold of crypto coins,” it experienced a big crisis in March, falling to a new low of $4,000 per coin owing to the spread of the Covid 19. However, the rapid recovery is without question, it currently sells up to $16,000 with a market capitalization of $199.62 billion and is projected to rise in size. Recent projections are quite reassuring. Senior hedge fund analysts and bankers say that it will raise the price to reach the $100,000 threshold by the end of 2021. According to the City Bank, it might reach as high as $300,000 next year, which is more than 15 times its current size. Does it sound like a dream? But do not panic, bitcoin is known to surprise investors in unparalleled ways.
Ripple is well known for its own money, XRP, backed by an ambitious digital payment network commonly used by RippleNet. The main bonuses of this coin include the stunningly low exchange rate and quick proof of your payment thanks to the authentication phase bypassing the central bank. In addition, Ripple utilizes its facilities to partner with banks and other financial firms, which in turn contributes to its stability and promotes favorable price growth predictions. The best time to purchase Ripple is now, because the price is still very low and cheap, particularly relative to other coins on the market today: $0.637 as of 28.11.2020. If you take into consideration the purchase at the bottom and sale under the top regulation, then the decision is very straightforward.
NOW Token (NOW)
ChangeNOW, one of the strongest and simplest crypto trading providers on the market, has its own NOW coin, which could be of great interest to both newcomers and crypto professionals. The NOW token is an ERC-20 standard token and a Binance Chain BEP-2 standard token. It is the first native digital asset launched by the ChangeNOW Trading Network to act as an internal currency embraced by the NOW product system. In addition, this token can also be used as a stinging tool; it is a special choice for all investors searching for a way to make more profit by 2021.
Ethereum is the second most common crypto coin after Bitcoin, with an extraordinarily powerful market cap. Its price has increased in recent months, now costing $579 as of 28/11/2020. The performance of the update of Ethereum 2.0, along with the decentralized finance framework, maybe one of the key explanations for such a rise. The advantages of ETH are – it is the second most liquid cryptocurrency in the world, embraces smart contracts, and enables apps for decentralized smartphone applications.
Litecoin is considered the silver cryptocurrency, a well-established website with a large number of supporters. The price of Litecoin is currently 68 pounds, as of 28/11/2020. A fascinating alternative to explore, considering the great results that have been seen this year. This coin was one of the leading cryptocurrencies in October 2020. It had already strengthened its ranking in November of the same year and became the eighth-largest. It is indeed a remarkable outcome for such a limited period. Among the benefits of Litecoin – it has a far higher block reward than other rivals and is amazingly cheap. The total time to mine a block is only two minutes.
Basic Token Attention (BAT)
Having hit its height of success in 2018, Simple Attention Token still has a lot to give in 2021. BAT is the favorite piece of content creators, web developers, PR and marketing staff, and other IT experts. Created by Mozilla Firefox’s co-founder, this cryptocurrency has a ton of respect for insider circles and continues to develop steadily every year. Fun fact: commonly used with Brave Browser, you can even get some BAT prizes from viewing privacy-preserving advertising. Advertisers spend a minimum of $2,500 a month to introduce their brands to the Brave crowd.