Want to start investing in the best cryptocurrencies of the year right now? We recommend the best options for cryptocurrency for investment in 2021. First of all Bitcoin, the most well-known cryptocurrency. And, without a doubt, the current gold standard for investments, gained more than 1300% in 2017. 

More than a dozen other cryptocurrencies outperformed Bitcoin. But with gains ranging from 3300% to Ripple’s staggering 36,000% gain. Since then, enthusiasts have been trying to find the best choice they can get their hands on. Come with us to discover the best alternatives for cryptocurrency for investment.

Cryptocurrency for investment: a little background

It has been over a decade since the mysterious Satoshi Nakamoto created Bitcoin. The first and by far most popular form of cryptocurrency in the world. Despite its fame, Bitcoin isn’t the final word on cryptocurrency.  But, imitators, innovators, and spinoffs have emerged in huge numbers. And there are more than 7,000 cryptocurrencies on the market today.

With such a range, how do investors know which the best cryptocurrency for investment is? From the most popular cryptocurrencies making headlines around the globe to lesser-known digital currencies, you may never have heard of…  Here are seven of the best cryptocurrencies to buy in 2021. 

7 options to consider for cryptocurrency for investment

Mark Reeth and Coryanne Hicks, finance journalists, say these are the best crypto to buy for 2021. Take note of the following cryptocurrencies in which you should invest:

  1. Bitcoin (BTC)

Bitcoin prices hit a high of around $20,000 in December 2017 before dropping in 2018. Also, reaching a bottom at $3,234 by the end of that year. Since then, but, Bitcoin has experienced a riposte as prices surged to more than $40,000 in January 2021. That’s to say, for a market cap of more than $1 trillion.  So, bitcoins accounted for more than 69% of the cryptocurrency market.

  1. Bitcoin Cash (BCH)

Some Bitcoin designers suggested solutions that lessen the data needed in each block. But others thought this would compromise the probity of the cryptocurrency. So, they created their version of Bitcoin in August 2017 and called it Bitcoin Cash.

This cryptocurrency has blocks that can store 8 MB of data. In that way allowing for faster and more frequent transactions with lower fees. Although Bitcoin Cash may be newer and less popular than its predecessor. But its scalability means it has incredible potential for growth. In other words, puts it in the running for the best cryptocurrency for investment.

  1. Litecoin (LTC)

Charlie Lee created crypto that selected many of the best things about Bitcoin… But with some twists, for example, the time of the transactions. While bitcoin transactions take about 10 minutes, Litecoin’s taking less than three minutes. Besides, while it takes specialized hardware to mine bitcoin, Litecoin has lower requirements. Ordinary PCs are capable of mining for it. Faster and easier is a potent cryptocurrency investment.

  1. Ethereum (ETH)

Rather than decentralizing money, decentralizing Ethereum takes a step further. Its goal is to decentralize the internet with a worldwide system of nodes. In other words, creating “one computer for the entire world.” 

Ethereum is a software platform based on blockchain technology. In that way, users can exchange a cryptocurrency called ‘ether.’ Ether has become one of the most successful cryptocurrencies at present. With a market cap approaching $139 billion, ether ranks second only to Bitcoin in market share. 

  1. Binance Coin (BNB)

Like Ethereum, Binance Coin (BNB) is more than a cryptocurrency. BNB used to be on Ethereum until the Binance decentralized exchange went online in 2017. The Binance DEX is a platform much like Ethereum, but with a different purpose. It’s a decentralized platform where users can buy and sell Binance coins. But also use BNB to turn other cryptocurrencies from one to another. 

Two things have made the Binance DEX a big cryptocurrency investment on the planet: 

  • Volume.
  • It has helped fuel the popularity of digital assets. 

Also, the Binance DEX offers a discount to users who pay transaction fees on the exchange with BNB.  That strategy keeps users on the platform and helps sustain Binance Coin’s growth.

  1. Tron (TRX)

Disruption is the word that defines Tron. If you want to make an innovative cryptocurrency investment, this is the opportunity. That’s why the founders of Tron built a blockchain-based platform for sharing content. Whereas many companies profit from selling data, Tron leaves no such footprints behind.  

While it protects users, also allows creators to monetize their content via Tronix. This is a Tron’s form of cryptocurrency. The platform has gained notoriety in equal measure over the last few years. It’s also considered an excellent speculative cryptocurrency investment.

  1. Chainlink (LINK)

You have to consider Chainlink as one of the best cryptocurrency investments in 2021. And here’s why. Many crypto platforms create oracles to retrieve data for their network. So, Chainlink has come up with a reputation system that ensures the data is correct. To clarify, ensuring the validity of smart contracts. 

Once the verification of an oracle’s data, they make a payment with Link. That’s to say, Chainlink’s cryptocurrency of choice. This system produces confidence in the platform. And the growing popularity of decentralized finance helps make Link a great cryptocurrency investment. 

Best cryptocurrencies to buy

There are other crypto and reasons to be aware of with Cryptocurrency for Investment in 2021: 

  • Best for retail buy and sale: Bitcoin
  • The one with the most excitement in the market: Ethereum
  • Best for high-speed transfers: Ripple
  • Best for Blockchain: EOS
  • The best alternative to Bitcoin: Bitcoin Cash
  • Fastest transaction time: Litecoin 

And if you are looking for the best places for cryptocurrency for investment, these are:

Advantages of the best cryptocurrencies for investments

Weiss Ratings, a monitoring agency for financial institutions, introduced ratings for cryptocurrencies. They identifying Bitcoin, Ripple, EOS, NEO, and Steem as its five highest-rated cryptocurrencies. These cryptocurrencies stand out for: 

a) Adoption rate 

More cautious investors may choose to look at the adoption rate. They are focusing on cryptocurrency for investment used in real-world transactions.

b) Market capitalization 

In many ways, market capitalization for a given cryptocurrency goes hand-in-hand with liquidity. Fledgling cryptocurrencies may never find the market. These preventing investors from exiting their positions.

c) Promising new technology

These cryptocurrencies owe their stratospheric gains in 2017 to innovative technology. Also, they are embedded in their respective platforms. And differentiating other cryptocurrencies from the crowded marketplace of often similar offerings.

d) Security or anonymity features 

Technology, such as smart contracts, found in several cryptocurrencies, makes transactions more secure. And that is possible by enabling a set of rules for each transaction. 

e) Utility industry 

Ripple is an example of cryptocurrencies with good utility. It attributes its rise in popularity and a 36,000% price appreciation in 2017. Now it’s an example of acceptance within the financial industry. That’s to say, as a tool to transfer money around the world and faster than with traditional methods.

Ripple is an example of cryptocurrencies with good utility. It attributes its rise in popularity and a 36,000% price appreciation in 2017. Now it’s an example of acceptance within the financial industry. That’s to say, as a tool to transfer money around the world and faster than with traditional methods.

In conclusion, cryptocurrency for investment is still in its formative years. If you are new to cryptocurrencies, you may be safer investing only in venture capital. And building a portfolio of traded cryptocurrencies.