Top 5 Cryptocurrencies for Investment in 2021
Cryptocurrencies have been unprecedentedly gaining popularity in the past few years, with Bitcoin reaching an all-time high of over $60,000 per unit. However, Bitcoin is not the only cryptocurrency that can potentially provide profitable returns. Here are the top five cryptocurrencies to consider for investment in 2021.
Ethereum
Ethereum is the second-largest cryptocurrency after Bitcoin, with a market capitalization of over $280 billion. Ethereum’s blockchain technology allows developers to create decentralized applications and smart contracts, making it an appealing investment option for those interested in the decentralized finance (DeFi) space. Its value has been steadily increasing, with a year-to-date (YTD) return of over 350%.
Binance Coin
Binance Coin (BNB) is the native token of the Binance exchange, the world’s largest cryptocurrency exchange by trading volume. BNB allows users to pay for trading and withdrawal fees on the exchange and can also be used to participate in Binance Launchpad, a platform for investing in new cryptocurrency projects. With a current market capitalization of over $90 billion, BNB has had a tremendous YTD growth of over 1300%.
Cardano
Cardano (ADA) is a third-generation blockchain that aims to solve the scalability and sustainability issues faced by previous blockchains. This cryptocurrency has been gaining mainstream attention due to its energy efficiency and low transaction costs. Its market capitalization is currently over $90 billion, with an impressive YTD return of over 700%.
Polkadot
Polkadot is a blockchain platform that allows for interoperability between different blockchains. This technology allows developers to create decentralized applications that can communicate with each other across different blockchains, making it an appealing investment option for those interested in the DeFi space. It currently has a market capitalization of over $35 billion, with a YTD return of over 250%.
Chainlink
Chainlink (LINK) is a decentralized oracle network that allows smart contracts to interact with real-world data. This technology has been gaining popularity due to its use cases in the DeFi space. Its market capitalization is currently over $20 billion, with a YTD return of over 500%.
In conclusion, these five cryptocurrencies have shown significant potential for profitable returns in the year 2021. As with any investment, it’s important to do your own research and understand the risks involved before investing in any cryptocurrency. However, with the increasing adoption of blockchain technology and the growing interest in the DeFi space, these five cryptocurrencies could potentially provide a lucrative investment opportunity.
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