Want To Make A Fortune In 2021? Then Invest In These Top 5 Cryptocurrencies
Wondering which is the best way to make a passive income today? Without a second thought, it is cryptocurrency investments. With developments in blockchain technology, cryptocurrency is a steaming market today, with its price soaring to all-time highs, as well as low at times. Investing in cryptocurrencies is a good option if you know which are the best cryptocurrencies to buy now for securing a wealthy future.
Best 5 Cryptocurrencies To Buy To Make A Fortune In 2021
The fog of confusion that's surrounding investors today is where to invest and which is the best crypto with a long-term run in the market. To clear this out, here are the top 5 cryptos that can help you secure a wealthy fortune in 2021.
#1: Bitcoin (BTC)
Hitting an all-time high in February 2021, Bitcoin is soaring to investors' favourite list this year. This cryptocurrency is profiting from its investments from big guns in the market like Square and PayPal, investing and selling Bitcoins to their users. In the coming years, more financial technology companies are going to recognize the importance of this space and invest in it, which will eventually make it one of the best cryptocurrencies to buy now for investors.
Bitcoin's uniqueness does not merely come from the fact that it is the very first cryptocurrency to appear in the market. Rather it managed to create a global community and initiated an entirely new industry of crypto enthusiasts who create, invest in, use, and trade cryptocurrencies.
Bitcoin is secured by an SHA-256 algorithm, which makes its transactions safe and secure.
By leveraging it's Lightning Network, Bitcoin enables its implementation in decentralized applications and various e-commerce platforms, making it a feasible option for investors. With investments from Micro Strategy and Tesla's $1.5 billion investment, Bitcoin has a shining opportunity ahead.
#2: Ethereum (ETH)
Ethereum has become one of the most popular and best buy cryptos in the market with its features. Along with being a cryptocurrency, Ethereum is also a platform for numerous other cryptocurrencies. It is a platform for the execution of decentralized smart contracts. By hitting an all-time high of $1926.30 on February 18, 2021, Ethereum is one of the best cryptocurrencies you could buy this year.
The purported goal of Ethereum is to create one computer for the entire world.' It aims to be a global platform for decentralized applications that allows users worldwide to write and run software that is resistant to downtime, censorship, and fraud.
Ethereum's move to change its consensus algorithm from Proof-of-Work to Proof-of-Stake will increase its demand in the crypto world. This will reduce transaction costs while, on the other hand, increases transaction speeds. With improved transaction speeds and the increase in Ether's value, Ethereum has already secured its place in the investor's favourite list.
#3: Litecoin (LTC)
Launched in 2011, Litecoin is the second most popular pure cryptocurrency after Bitcoin. Following the footsteps of Bitcoin, it was referred to as 'silver to Bitcoin's gold.' By leveraging all the great features of Bitcoin, Litecoin was made to be more efficient to process faster, secure, and low-cost payments. When it comes to the hashing algorithm used, hard cap, block transaction times, and some other factors, LTC is different from BTC. Litecoins block generation is much faster compared to Bitcoin, which makes it one of the best cryptocurrencies to buy now.
Litecoin hit an all-time high of $375.29 on December 19, 2017. It was the first cryptocurrency to perform a Lightning Network transaction in May 2017 and gained significant popularity. The success of LTC can be attributed to its simplicity and clear utility benefits. Litecoin, unlike other cryptocurrencies, uses 'Scrypt' as a Proof-of-Work and is based on an open-source global payment network. Any central authority does not control this network.
More than 2,000 merchants and stores worldwide now accept Litecoin, and it is one of the most widely accepted cryptocurrencies as of January 2021. In countries where deciding the best cryptocurrency is based on its transaction fee, Litecoin is a good alternative to Bitcoin. As transaction fees are negligible and confirmation of transactions are just a matter of minutes, Litecoins are indeed a good option for your investment portfolio.
#4: Ripple (XRP)
XRP is a cryptocurrency that has enormous potential in the future. Popularly known as the 'king of banking infrastructure', Ripple aims to take out inter-bank transfers' high costs. It is mined, managed, and administered by Ripple Labs, its founder and not a broad-based community. It was created to be a more scalable, speedy, and less costly cryptocurrency making it one of the best cryptos to buy.
Several financial institutions use this digital currency as an alternative to the SWIFT network, which gives XRP a real-world application. Ripple is not merely a digital currency rather an efficient payment system too. With its blockchain technology, XRP makes international payments faster and more secure, making it a tempting target among traders.
The fact that it is managed and administered by Ripple Labs rather than any other broader community gives XRP the liberty to negotiate with large banks, the ability to execute trades quickly, and control policies. In addition to this, XRP has a conveniently low price-per-coin, making it an inevitable option for experts and investors.
#5: Cardano (ADA)
Unlike other cryptocurrencies available in the market, Cardano is unique in its way. Starting from its Proof-of-Stake protocol known as Ouroboros. This was made with a unique blend of a mathematically verified mechanism and intelligent technology with a tinge of behavioral psychology and economic philosophy peppered along in a sufficient measure. Cardano is indeed one of the best cryptos to buy as it has space for new inventions, ideas, and growth to achieve sustainable and ethical growth.
With a maximum supply of 45,000,000,000 ADA coins and a circulation supply of 31,112,484,646 ADA coins, it is soaring to new highs. Several agricultural companies also use Cardano to track fresh produce from field to fork. ADA was created with a vision to play a part in creating a more secure, transparent, and fair society. The Ouroboros mechanism ensures that ADA is four times more energy-efficient than Bitcoin, using relatively less power.
By establishing decentralized financial products and providing solutions for voter fraud, chain interoperability, and legal contract tracing, Cardano intends to be the financial operating system of the world in the future.
Best Cryptocurrencies To Buy: In Conclusion
The crypto market is a fast-growing, volatile space where you can both reap a million-dollar as well as face several obstacles. But it is part and parcel of the game and is unarguably one of the best sources to secure a wealthy future. Investors who wish to play safe should always be vigilant about the changing trends and rates. These five cryptos mentioned are the best cryptocurrencies to buy to fuel your dream of a wealthy future.