As you have clicked on the link to this article, I am going to presume that you are a cryptocurrency investor. Since you are a crypto investor, you might be wondering which cryptocurrencies are worth investing in this year. There are many options in the market, and it can be a little confusing to select the best out of the lot.
We have all suffered a lot in 2020. Besides losing jobs, people have lost their livelihood and sources of income. 2021 is a chance for all of us to start afresh and probably the best time to invest in cryptocurrencies, especially when the trend of investing and trading cryptocurrencies is the most alive.
Cryptocurrencies have been creating a lot of buzz in the financial market, and the reasons are pretty evident. So without further adieu, let us find out how you should invest in cryptocurrencies at all.
Invest In Cryptocurrencies?
Yes, of course, cryptocurrencies are worth investing in. Given you have a very strong knowledge of how cryptocurrencies work in the financial market. Also, note that cryptocurrencies are highly volatile, which means the value keeps changing every second, let alone every hour or day.
Bitcoins are the most famous cryptocurrency in the world, followed by Ether, Ripple, and Lite coins. When Bitcoin first came into the scene, the value of one Bitcoin was equal to $0.0008 dollars, and now, at the time of sharing this blog, the value of one bitcoin is a whopping $34,241.90.
In the last week, Bitcoins hit their all-time high of a staggering $42,000, which speaks a lot about its volatility.
Invest In Cryptocurrencies In 2021?
2021 is the best time for investing in cryptocurrencies. During COVID, the value of Bitcoins crashed down to $3,000. Most Bitcoin investors got really scared and started selling off their Bitcoins.
The word spread around in the crypto space that it was the end of Bitcoins. But smart investors, having a good knowledge of cryptos, held onto their Bitcoins and started buying more Bitcoins at a low price. This trend generated a bullish market, and since then, the prices of Bitcoins kept soaring.
The COVID-19 has made things better for crypto investors. Due to the COVID-19 pandemic and the imposed lockdown, people have lost their jobs and made huge losses in their businesses.
The U.S. Government has started releasing stimulus packages since March. These stimulus packages were more like relief funds for the people that were affected the worst due to the coronavirus.
Even though it was a spectacular gesture on the Government's part, it also meant more printing of fiat currencies to increase the circulation so that it could catch up with the deficit made by the stimulus packages in the U.S. economy.
Financial experts have already predicted that the value of the dollar is expected to go further down.
Best Cryptocurrencies In 2021
Keep reading further to know which are the cryptocurrencies for buying, selling, and investing in 2021.
- Bitcoins (BTC)
The term cryptocurrency is almost synonymous with Bitcoins. Currently, it has a market share of over 40% in the market capital value of cryptocurrencies. The high value and volatility rate makes Bitcoins perfect for investing, especially long-term.
Ethereum is a network that produces Ether. As Bitcoins are very volatile in nature, it does not make it a good option for buying and selling. On the other hand, Ether is the best option for buying and selling.
I hope you have found this article informative. Bitcoins and Ethereum are the best cryptocurrencies for buying, selling, and investing in 2021. Since the value of the dollar is diminishing, people are turning more towards cryptocurrencies as there is no scope for inflation in cryptocurrencies.
Yes, you read it right, since cryptocurrencies are decentralized, there will only be a limited number of cryptocurrencies in the world. To know more, just visit for travel without money.