Top 3 Cryptocurrencies to invest in 2021Posted by Lewis Thorpe on June 27th, 2021 Cryptocurrency is a virtual currency that is used to exchange goods through an online application and is not under the supervision of any centralized authority. Cryptocurrency uses cryptography to protect their currency units. Therefore, these digital currencies let a user secure online payment by using tokens through various decentralized commerce platforms. Hence, the main advantage of Cryptocurrency is that an individual can be able to complete its purchase anonymously, without revealing personal information. So here we'll discuss the top three Cryptocurrencies to invest in 2021 and how an individual or group of people do this trading. Bitcoin: One of the most popular digital currency which has been widely used in market cap is Bitcoin (BTC) that was launched in 2009. Blockchain technology runs the Bitcoin network so that it makes hacking difficult. Therefore, it provides high security and privacy to an individual. Many banks and companies are accepting Bitcoin payments because of their stability and security. According to CNBC, in April 2021, Bitcoin is recognized as a rapidly growing industry, and it will make 50% of investment in the Cryptocurrency market. Bitcoin is very limiting in the transaction process as it only does seven transactions per second. The main drawback of Bitcoin is the fluctuation in currency units, as its currency goes up and down thousands of dollars within a month. However, it is beneficial for an individual to make a long-term investment. The bitcoin market cap currently has 671.62 billion dollars. Ethereum After Bitcoin, the second-largest Cryptocurrency which is widely used by the market cap is Ethereum (ETH). It utilizes blockchain technology for its security purpose. The exchange of Cryptocurrency is done without any interference of the Central Authority, and fraud. best crypto signals operates a smart contract and a decentralized application (Dapp) platform. Like Bitcoin, Ether has also undergone rapid gain in price in few years. Ethereum currently has 301.32 billion dollars in market cap. Tether The third-largest Cryptocurrency is Tether (USDT), however, it is utilized as the most stable coins for lending, trading, and making interest. Tether currently approaches 58 billion dollars in market cap. Nowadays, Tether provides stability that makes trading simple. Therefore, Tether will increase its currency in 3 to 5 years, so it will make a smart profitable investment for an individual. Unlike Bitcoin and Ethereum, Tether currency doesn't fluctuate, so the prices always remain the same. Here we have discussed the top three Cryptocurrencies to invest in 2021. So there are many benefits of Cryptocurrency, as it has been developed for people to alter the ways of investing money easily. Hence the government is taking interest in digital currency but they need to understand how trading through Cryptocurrency occurs.Like it? Share it! More by this author |