What would be the best cryptocurrencies to buy and invest in this year?
2021 will forever be remembered as the year of cryptocurrency. It was the year that saw the bitcoin rise from $20000 to $60000 in a one-year window. However, Bitcoin wasn’t the best performer as others gained more.
Are you a budding cryptocurrency investor? Currently, there are more than 8,000 cryptocurrencies, and it is not easy to choose the best cryptocurrency for investment.
Today, I want to share my thinking about the best cryptocurrency to BUY and invest in, and how to choose cryptocurrency for trading.
Quick Look at my picks of the 5 Best Cryptocurrencies
3. Binance Coin
10 Best Altcoins to Buy Now with Fast Growing
USD Coin (USDC)
Shiba Inu (SHIB)
What Cryptocurrencies are the best to Invest in now?
If you want to dive into the crypto market quickly, you can use「Mitrade platform」to trade bitcoin, Ethereum, Ripple, DOGE, UNI, etc. online comfortably!
Many platforms exist on the web today, that rate the thousands of Cryptocurrencies to help many people to make more informed decisions. Weiss Crypto is the best. You can see the list of the most rated cryptos, to make an informed decision. However, if you’d like to analyze cryptocurrencies to buy without the help of a third- party, here are some of the things you should look for:
■ Historic performance
How old is the cryptocurrency, and what is the general performance since inception? Is the growth curve steady? Has it been largely static? If the crypto has shown consistent growth for at least three years, it could be worth closer attention.
The liquidity depth of a cryptocurrency is determined by the number of adopters and market capitalization. If a cryptocurrency has thin liquidity, it will be difficult for you to sell your investment in the future.
■ Market Cap
Cryptocurrencies with a decent to the high market cap are the best to consider. They also have the most liquidity, ensuring easy buy and sell of any investments.
The technology behind cryptocurrency is one of the major drivers of its adoption. Ethereum and Ripple are the best examples of cryptos backed by exceptional technology.
Next, I will show you my list of the best cryptocurrencies to buy, they are the most popular and most traded cryptocurrencies that should never be overlooked. This list is merely for your reference, you should do your own research.
Remember that cryptocurrencies are highly volatile that may not suitable for all investors!
1 Bitcoin (BTC)
Current Price: 50356 USD
Block generation: 10 minutes/block
Bitcoin was the first cryptocurrency and has been the best performing cryptocurrency in this field for ten years. It has a market cap of more than $150 billion and is the most liquid cryptocurrency. Many businesses around the world accept Bitcoin as a method of payment. Many people have been watching Bitcoin for years and wondering " should I invest in bitcoin and how to invest wisely. You need to do your research and understand the risks.
BTC/USD price chart from Mitrade▼
Bitcoin is similar to gold: scarce, difficult to mine, and limited in quantity. As you know, there are only 21 million bitcoins in the world, and currently mined bitcoins account is almost 90%.
In addition to scarcity, bitcoins are easier to move and divide than gold. Bitcoin is divided into 100 million smaller units (called Satoshi). To transfer bitcoins, it only takes a few seconds to transfer from one place to another at a very low cost. Therefore, in the eyes of investors, Bitcoin is a very good asset. In 2021, many Wall Street investors have used Bitcoin to prevent inflation and macroeconomic risks.
The development of retail systems has also made it easier for many people to trade and buy and sell Bitcoin. For example, Paypal and Square Cash, which add Bitcoin to their cryptocurrency services.
2 Ethereum (ETH)
Market value: $23 billion
Current Price: 3592 USD
Block generation in Ethereum: 15 seconds/block
Ethereum changed the cryptocurrency world with its launch of “smart contracts”. Launched in 2015, it has made giant strides over a short period. It is only behind Bitcoin in terms of adoption and market capitalization. The technology that powers ETH was such a deal-changer that some of the biggest brands in the world, including Intel and Microsoft, took notice and developed a version of the Ethereum engine for use business.
ETH/USD price chart from Mitrade ▼
3 Binance Coin (BNB)
Binance Coin is the third-largest cryptocurrency in terms of market capitalization. It is a utility token primarily used for transactions and payments on the Binance cryptocurrency exchange.
4 Ripple (XRP)
Ripple is another cryptocurrency with a unique selling point. Made by Ripple Labs, it is the cryptocurrency of choice for high-speed, and low-cost money transfers all around the world. It has achieved what many cryptocurrencies dream of, by having a real use in the offline world. With a market capitalization of around $10 billion, the future is bright for Ripple.
5 Litecoin (LTC)
Litecoin is one of the most traded cryptocurrencies and is in the list of top 10 cryptocurrencies with the largest market cap. It is currently a payment option on platforms like Overstock.com and has grown a great deal over the years. It features a unique algorithm that ensures faster transaction times in comparison to other cryptocurrencies.
After my research on the top100 most traded cryptocurrencies, there are 10 most promising cryptocurrencies for this year. This list is just for reference.
10 altcoins by market cap in January 2022 in order are:
USD Coin (USDC)
Shiba Inu (SHIB)
They are the fastest-growing cryptocurrency in the last year, even if you are not ready to buy them yet, keep them on your watch list!
Are you looking for some cheap, easy and fast ways to buy Bitcoin? Here are some of the best places you should take a look. It may be a crypto exchange or maybe a Crypto broker.
1 Crypto Exchange: Coinbase - Buy and Hodl
Coinbase is one of the most popular Bitcoin exchanges in the world. Many people buy and hold cryptocurrencies in this way because they believe in the long-term prosperity of Bitcoin, any fluctuations in the short-term are just short-lived phenomena in the long journey.
No need for frequent transactions
Profit only when the market rises
Requires a large initial capital
It is not easy to hold cryptocurrency
2 Trading Broker: Mitrade - Trade Bitcoin in price moves
Mitrade, as a forex and CFD broker, offers a different way of buying and selling cryptocurrencies——crypto contract for difference ( CFD).
CFD is a financial derivative that allows you to trade on the crypto price fluctuations without actually owning any coins. The potential profit is the difference between the buying price and selling price.
What you need to know is CFD is margin trading, providing you with greater exposure to financial markets, so you need to be careful of leverage risks. Leverage may cause you to lose all of your money. For more details, please visit Mitrade platform.
Low capitals to start
Go long or go short with the market rise or fall
No need to own and hold cryptocurrency
Leverage rise the risks
Trade Ease With Australia's Popular Broker - Mitrade
Mitrade is your one-stop destination to trade global markets across Forex, Shares, Indices, Commodities & Cryptocurrencies. You will have a smarter way to invest in the cryptocurrency market, just go long or go short the crypto like trading forex, such as trade BTCUSD, no need to store crypto coins in a wallet. The process of opening an account is very fast, no more than 3 minutes.
To start trading on Mitrade, you only need 3 steps:
Step 1: Register Mitrade account online
Step 2: Deposit initial capital
Step 3: Open a position
Mitrade provides you with over 300 global hottest markets, you can also trade the following markets with 0 commission and tight spreads.
Popular cryptos: Bitcoin, Ethereum, Ripple, Doge, Cardona, SOL, etc.
Popular Forex: EUR/USD, GBP/USD, USD/CAD, AUD/USD, USD/JPY, and others.
Popular Indices: EU50/ FR40/ NAS100/ AUS200/ US30/ UK100/ HK50 and others.
Popular Commodities： XAUUSD, XAGUSD, WTI, Brent, GAS, and others.
Popular Shares: AAPL, GOOG, AMZN, TSLA, FB, NFLX, NIO, ASX.AU, and more.
*76% of retail CFD accounts lose money.
Now you have my list of top10 Best Cryptocurrencies to Buy and Invest in. Which cryptos are you looking for?
This cryptocurrency world is still in its earliest stages, but it holds a lot of promise. As a new trader in this sphere, it may be best to create a portfolio featuring the most popular cryptocurrencies, and a few of those that have been marked to hold the most potential. Avoid ICOs as they have a high failure rate.
If you’d like to take advantage of the volatility of cryptocurrencies without remaining physically committed to any specific one of them, trading the cryptocurrency variants ( CFD ) as offered by Mitrade app is the way to go.
What is the fastest-growing cryptocurrency?
The fastest-growing cryptocurrency of today is Bitcoin. Others hotly following on its heels include Ethereum, Litecoin, and Bitcoin Cash.
What is the most expensive cryptocurrency?
The most expensive cryptocurrencies as of today, are Bitcoin.
What are the most valuable cryptocurrencies?
In terms of market capitalization, Bitcoin, Ethereum, Ripple, and Bitcoin Cash are the most valuable cryptocurrencies today.
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