Cryptocurrency—countries all around the world are adopting this new type of currency and transitioning to a digital payment system. Since the beginning of the year 2021, the time period has been good for cryptocurrencies, as the market took a positive plunge, raising the value of practically all of them. We can expect the best cryptocurrencies to invest in this month to climb and shine now that we’ve entered July. With that in mind, this blog entails the best cryptocurrencies to invest in coming months.
Best Cryptocurrency To Invest In 2021
Now the question is, how can investors decide which are the best crypto currencies to invest when there are so many to select from? Here are the best cryptocurrencies to buy right now, ranging from well-known to lesser-known digital currencies.
Bitcoin, the closest thing to a blue-chip cryptocurrency, has dominated the market since the first bitcoins were mined in 2009. Bitcoin has seen some market volatility since reaching this high, but as the most well-known cryptocurrency, it enjoys mainstream recognition that lesser-known competitors do not, potentially making it one of the best cryptocurrencies to invest.That’s the reason more and more people are looking to buy antminer machines that are high in efficiency and processing speed.
Bitcoin Gold (BTG)
Bitcoin Gold, a hard fork of Bitcoin, was officially launched in 2017. In an effort to democratize the mining process and remove the need for specialized mining machines, the cryptocurrency modified the PoW algorithm to Equihash. Bitcoin Gold is a decent choice for those searching for the best cryptocurrencies to invest in coming months. It was developed especially for GPU mining.
After Bitcoin, Ethereum is the second most common crypto coin, with a huge market cap. Ethereum’s aim is to decentralize the internet by replacing servers with a global network of nodes, resulting in a “global machine”. Its price has risen dramatically in recent months. ETH has many benefits, including being the world’s second most liquid cryptocurrency, endorsing smart contracts, and allowing for decentralized smartphone applications, or dApps.
Mining this cryptocurrency would still be a viable choice. Litecoin is by far one of the strongest Bitcoin hard forks, with broad appeal and stable features. The coin employs the Scrypt protocol and is one of the most common GPU mining coins.
Binance is surpassed its all-time high from 2017. During that year, there was a bull market, and the prices of all cryptocurrencies soared along with it, reaching a peak before declining in value.
In contrast to other cryptocurrencies, Binance Coin has maintained a modest but steady upward trend since 2017. Binance Coin has been shown to be one of the more dependable investment options with lower risks due to its performance. It is the ideal cryptocurrency to invest in now.
Chainlink is a tokenized oracle network that gathers price and event data from both on-chain and off-chain outlets. Chainlink, founded by Sergey Nazarov in 2017, aims to solve the “oracle challenge”, or the inability to obtain off-chain data required to run several blockchain-based smart contracts. The token protocol is blockchain agnostic, meaning it can operate on several blockchains at the same time.
On the Ethereum network, Uniswap is a leading open crypto exchange. It uses an automatic liquidity protocol, a relatively recent form of trading model that incentivizes people trading on the market to become liquidity suppliers. The tokens are now worth a whopping $12,000, making UNI one to keep an eye on in 2021.
It’s Time to Dive into the World of Cryptocurrency Investment!
If you are wondering how to invest in Dubai cryptocurrency or want to know more about the best cryptocurrencies to invest in, our crypto experts at Phoenix are here to offer you complete guidance. Book a free consultation today.