Bitcoin was the first cryptocurrency that reached heights in such a short time. The cryptocurrency has helped many businessmen, shopowners, and individuals earn great benefits. It is easy to buy, sell, or hold cryptocurrencies in their wallets for a long. Bitcoin has turned out to be the trendsetter that initiated the release of other cryptocurrencies in the market. Built on a decentralized peer-to-peer network, it is a store of value as well as one of the trusted payment systems.
At the current time, there are 9000+ altcoins available in the market. Altcoins are cryptocurrencies other than Bitcoin that use a part of its code. Thus, any changes made to bitcoin will also happen to altcoin, yet there are differences between the two.
In this post, we have shortlisted the top altcoins one must look into for investment in 2021. These are the altcoins that are going great in many ways. Rest, think for yourself and then make an investment. Do proper research as the value of the listed altcoins may go up or down in the coming months. Cryptocurrencies are volatile and keep changes with time so in order to not lose your hard-earned money, do proper research. Now! Have a look at some of the Best Alt Coins to Invest.
Ethereum is the second-best cryptocurrency that has shown healthy gains in the past many years, similar to the Bitcoin cryptocurrency. In January 2018, the cryptocurrency reached an all-time high at $1,394. Also, in February 2021, it crashed $1,644 and balanced the figure till April. Ethereum has also seen falls in this graph, yet it is one of the second-best crypto coins people believe to trust in. Lately, in October starting the price was $3,454.69
ETH graph is quite exciting. It’s has turned itself to be one of the best altcoins. PayPal also supports ETH.
When Bitcoin was gaining a lot of popularity, many people began investing in other well-established digital currencies, out of which one was Litecoin. As per the stats report, Litecoin turns out to be one of the best altcoins for this year. At the beginning of 2021, many altcoins got introduced, and some hit new highs. Litecoin was no different and jumped high in the market, reaching its all-time high at $412.96 in May. However, this October there was a huge drop, yet many investors are putting their money into the cryptocurrency. Further, as the forecast reveals, there will be again a hike in the year-end. Litecoin, is another trusted altcoin is also supported by PayPal.
3. Stellar Lumen
Stellar Lumen (XLM) is another most talked about cryptocurrency this year. This cryptocurrency offers low-cost transfers, and cross-border transactions between different currencies have gained a good rise this year. There is about a 167% increase in the crash. We also watched the may crash, but it is a strong altcoin to invest in. It exercises a federated byzantine agreement (FBA) algorithm to carry out faster transactions. Further, it does not work like other cryptocurrencies, such as depending on the mining network for a successful transaction. Also, It is not sure whether it will continue to be on the top list for the next year or not, but it has a devoted fanbase for cryptocurrency.
XRP has created its name in the top list with its lackluster performance. Even if go through the previous graph reports, in November 2020, XRP surged and enjoyed a triple-digit gain within seven days. Another discussion that is creating buzz about XRP is the lawsuit with America’s Securities and Exchange Commission (SEC). There is a claim that it is unregistered security, however, SEC denies the allegations. Currently, nothing is known, but if SEC wins, the price will soar. And, if it loses you are going to be in big trouble. It can be one of the best altcoins to invest in the coming year too, but can’t be so sure.
Here are some of the best altcoins for the year 2021 that many people are looking forward to or have invested in the past. There are many who have seen fall, but at the end have shown hikes better than the other altcoins available in the market.