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What are the best cryptocurrencies for 2021?

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September 25, 2021
in Bitcoin, Ethereum, Guide, Market
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What are the best cryptocurrencies for 2021?
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Cryptocurrencies are there to give and give. Bitcoins opened the ban, and today, we come across more than 700 different coins, some more popular than others.

What are the best cryptocurrencies for 2021? This will depend a lot on the ups and downs of the market since digital money is incredibly volatile, but also on the community and the technology on which both platforms and their tokens are based.

Thus, although the question “in which cryptocurrencies to invest” or “which are the most profitable cryptos” cannot be answered categorically, “; Yes, we can rely on some clues to predict whether crypto is worth it or not:

Technology and innovation or improvements over other cryptocurrencies

Market capitalization and the current volume of transactions

Community size and engagement

Support from large companies or governments, as well as acceptance in exchanges and businesses

And finally, the greater or lesser originality and freshness of the project. In this ranking, you will find cryptocurrencies with a current value of less than the ten coins with the highest capitalization. However, they offer a new and revolutionary idea that distinguishes them from the rest.
Cryptocurrency ranking

Either by H or B, these are some of the cryptocurrencies you should consider in 2021.
1.

BITCOIN (BTC)

Market capacity

Around 44%

Maximum quantity

21 million BTC

Launching

03.01.2009

What’s so special about it?

Although there are currently other cryptocurrencies with more advanced and improved technology than the original Bitcoin Blockchain, the coin par excellence continues to lead the digital currency market.

It is the currency that capitalizes the most and the one with the highest volume of transactions. Some 17 million BTC have been mined to date, and in 2021, Bitcoin will continue to lead the way and will continue to be the benchmark for other cryptocurrencies.

2.
ethereum logo
ETHEREUM (ETH)

Market capacity

Around 17%

Maximum quantity

Unlimited

Launching

07.30.2015

What’s so special about it?

Almost as acclaimed as Bitcoin, Ethereum has remained the second most valued and popular cryptocurrency of all time.

Its success is due primarily to applying a revolutionary Blockchain technology: Ethereum was the first system to develop decentralized applications and smart contracts.

Although Bitcoin is the forerunner of the Blockchain concept, Ethereum is the one that has established and expanded its system, giving rise to the emergence of hundreds of networks and cryptocurrencies founded or based on its technology and ERC20 token.

3.
ripple logo
RIPPLE (XRP)

Market capacity

Around 8%

Maximum quantity

100 million XRP

Launching

2012

What’s so special about it?

The Ripple cryptocurrency and platform have given much to talk about since some experts do not consider that the coin has an intrinsic value. Ripple does not operate on a Blockchain or generate new coins. Therefore, it cannot be mined either, and its founders (the Ripple Labs society) maintain all control over the released coins.

However, Ripple has remained among the five most valued cryptocurrencies practically since its creation despite the controversies. This is mainly due to its acceptance by prestigious financial institutions and possible future alliances with titans of the sector such as Amex.

Four.
Polkadot logo
Polkadot (DOT)

Market capacity

Less than 1%

Maximum quantity

1,000 Million DOTs

Launching

05.26.2020

What’s so special about it?

Polkadot is considered by several experts as the network called to replace Ethereum in the future, thanks to its security features, scalability, the interconnection between its blockchains, and its voting governance system …

The most exciting thing about the project is that the Polkadot network integrates several independent blockchains, which work in parallel but can exchange data. Imagine how the different apps on your phone work within the same system, and each one can fulfill a different function.

This solves the problems of congestion in the blockchain, and also, it is possible to specialize each chain in different sectors: some oriented to the management of transactions, others of data, etc.

Other critical factors in its success are its security measures and its voting governance system so that the community decides if changes or improvements are made to the code (and hard forks are avoided).
Explanation of cryptocurrencies

Bitcoin was the first cryptocurrency in the world. It was invented in 2009 by an unknown developer under the pseudonym Satoshi Nakamoto.

To this day, the market does not know the true identity
d by Satoshi Nakamoto. But this has not prevented the groundwork established thanks to the invention of Bitcoin from paving the way for other digital currencies.

Bitcoin was also the main driver for the growing acceptance of cryptocurrencies as an investment opportunity and as a medium of exchange, a way to transfer money safely from one owner to another without traditional banks or financial institutions.

Cryptocurrencies are designed to work like traditional money. The idea is to offer an alternative to the official world currencies issued by government entities since many of these are eroded by inflation or run the risk of being confiscated by governments. For example, Greece, with a 45% tax rate, seizes more than 900 bank accounts per day.

Litecoin

Litecoin is another potential alternative to Fiat currencies and a prominent rival to Bitcoin. Its creators hope that Litecoin will eventually be used to pay for day-to-day services and goods. This cryptocurrency has positioned itself as a more practical and technologically superior alternative to Bitcoin. Transactions through Litecoin can be confirmed on the P2P network faster than transactions through Bitcoin.

In theory, this can make Litecoin more attractive for trading, but in ‘real life,’ cryptocurrency transactions are still minimal. In addition, the established ‘brand’ of Bitcoin maintains the lead as the alternative to fiats within all cryptocurrency options.

NEO

Like Ethereum, NEO is a platform for smart contracts and Dapps. Launched in 2014, NEO’s goal was to improve Ethereum by offering roughly the same utility through more sophisticated blockchain technology.

Many people claim that NEO is a superior platform to Ethereum, but like Litecoin and Bitcoin, Ethereum’s age and better positioning have helped it maintain a higher market share.
IOTA

IOTA is a unique cryptocurrency based on the Directed Acyclic Chart (DAG) structure. It was created to work with devices compatible with the Internet of Things, or IoT, for its initials in English. The IoT facilitates cost-free micro-transactions involving connected devices, and it also helps maintain the integrity of the information. Recently, IOTA jumped to the top of the list of most traded cryptocurrencies and seems to have a great future with IoT technology becoming the standard.

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