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Top 10 Cryptocurrencies to Invest in 2021 — AutoTrading Strategies

1. Bitcoin(BTC):

Bitcoin is the king of cryptocurrencies. It is also known as digital gold compared to fiat gold. Bitcoin was introduced in 2009 by an unknown person Satoshi Nakamoto. Ever since it has dominated the market. Bitcoin took a dip in March 2020. However, it hit $18.5K USD in November of the same year. It won’t be wrong to say that this year has been among the strongest years bitcoin ever had. 2021 is expected to bring a further upward rally.

2. Ethereum(ETH):

Ethereum is a popular blockchain platform developed by a young Canadian programmer Vitalik Buterin. If Bitcoin is digital gold then Ethereum is digital oil. Since its release in 2015, bitcoin has shown strong resolve. The current price of Ether, the platform’s native currency, is $616 USD which is an all-time high.

3. Litecoin (LTC):

Litecoin is bitcoin with a lot more perks. It is lower in price thus affordable by many and fast in transaction speed. It only takes 2 and a half minutes to process an LTC block. Besides, the price of LTC has shown 8000% growth since its launch. Therefore, it is among the list of top 10 cryptocurrencies to invest in 2021.

4. Ripple (XRP):

Ripple is the name of a cryptocurrency platform whereas XRP is its native currency. However, both names are interchangeably used. XRP is used for the transfer of value at an international level. It has a fast transaction speed.

5. Cardano (ADA):

Cardano is a proof-of-stake blockchain platform. It was launched in 2017. The idea behind the platform was to bring innovators, visionaries, and changemakers to one place for bringing global change.

6. Bitcoin Cash (BCH):

Bitcoin cash is scarce, yet spendable like fiat cash. Being dependent on bitcoin, BCH price went up in the last month following BTC. The price of the BCH is $343 USD at the time of this writing.

7. Chainlink (LINK):

Chainlink is among the top five popular coins in the cryptocurrency market. It has gained this level of fame in a short amount of time. It was developed in the latter half of 2017. After the ICO, Chainlink’s initial price was $o.1 USD. Today, it is at $16.13 USD.

8. TRON (TRX):

TRON was launched in 2017 on the ethereum network. Later on, it developed into an independent platform. TRON is recognized as a blockchain platform that uses proof-of-stake algorithms for processing transactions.

9. Binance Coin (BNB):

Binance coin is a utility coin offered by Binance Exchange. Individuals using BNB on Binance exchange get special discounts on transaction fees. BNB showed a downward trend at the start of 2020. However, the coin is bullish at the moment with a market cap among the top 10 cryptocurrencies.

10. Yearn.finance (YFI):

Yearn.finance became popular in the summer of this year. It is one of the coins that exploded out of nowhere and grabbed the attention of all cryptocurrency enthusiasts. The current market price of YFI is higher than even bitcoin. At the time of this writing, YFI is at $25,522 USD.

Conclusion: Top Cryptocurrencies to Invest in 2020:

Cryptocurrency investments are risky. There are a plethora of scam platforms. However, looking at the past performance of a coin can help you make the right investment decisions. Besides, it is a good practice to diversify your portfolio with multiple coins with varied trends. This will help you stay safe in the face of uncertainty.

AutoTrading Strategies is a consultancy company built by crypto traders and trading software developers.

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