Top 3 Cryptocurrencies that you should consider investing in 2021

It has been a little over a decade now since Bitcoin was created by the mysterious Satoshi Nakamoto. Bitcoin was the first cryptocurrency and it remains to be the most famous and well-known digital currency around the world.

Despite all of this, it is important to note that Bitcoin isn’t the final word when it comes to cryptocurrencies. Innovators, imitators and spin offs have emerged in big numbers, and there are many different cryptocurrencies available in the market now.

Most of these cryptocurrencies have a lot in common. However, a lot of people are not interested in the qualities of cryptocurrencies and the only thing that attracts them is the money making opportunities in the crypto world.

Cryptocurrencies are known for their volatility and a lot of people are looking to invest or trade these digital assets in order to make profits. Trading can be made even easier with the help of automated trading platforms, Bitcoin optimizer features will help you to invest in cryptocurrencies and blockchain startups.

Such platforms take into account many different factors that can have an impact on the price value of a cryptocurrency. Automated trading platforms will also perform trades automatically on behalf of the user in order to take advantage of every opportunity that comes up in the crypto market.

How can the investors and traders know which is the best cryptocurrency to invest in when there is such a wide range of cryptocurrencies to choose from?

From the most famous cryptocurrencies that are in the spotlight around the world to lesser-known cryptocurrencies that you may never have even heard of, here are three cryptocurrencies you might want to consider investing in 2021.

1. BTC (Bitcoin)

Bitcoin has been dominating the crypto market ever since the first Bitcoins were mined in 2009 and also probably the closest thing you’ll get to a blue chip cryptocurrency.

However, this doesn’t mean that the cryptocurrency has always been smooth sailing. Bitcoin prices went up to around $20,000 in December 2017 before collapsing in 2018, falling down to $3,200 before the end of that year.

However, it wouldn’t be wrong to say that Bitcoin has since then enjoyed something of a comeback as prices have now increased again and continue to rise. The price value of Bitcoin is now around $50,000.

Bitcoins account for a huge share of the total cryptocurrency market. Like most other cryptocurrencies, Bitcoin is also known for market volatility. 

However, Bitcoin is the biggest name in the world of cryptocurrencies and that gives it a worldwide acceptance that lesser-known rivals don’t have. These qualities are enough to make Bitcoin the best cryptocurrency to buy for investors and traders who are looking to make some profits.

2. ETH (Ethereum)

Most of the cryptocurrencies are based on the concept of decentralization of currency. However, Ethereum is a little different than most cryptocurrencies, including Bitcoin.

Ethereum takes decentralization a step further. Instead of decentralizing the currency, the goal here is to decentralize the internet by replacing servers with a worldwide system of nodes. This creates “the world computer” or in simple words: one computer for the entire world.

Ethereum is a software platform that is based on blockchain technology and allows users to exchange a cryptocurrency that is known as Ether.

Ether is considered to be one of the most popular cryptocurrencies around the world and has the second highest market share, after Bitcoin. However, the main attraction is the platform itself, which has now also become a very popular host for other cryptocurrencies.

Investors and traders can not only profit from one of the most well-known cryptocurrencies available in the market, but also from the wider uses of the platform “Ethereum” itself.

3. LTC (Litecoin)

Cryptocurrencies can prove to be very confusing if you don’t understand the underlying technology. This can be a problem and it is also something that can scare many potential investors away from the crypto market.

The founder of Litecoin, Charlie Lee, wanted to create a “lite” version of Bitcoin and help fix this problem. In fact, Litecoin was developed and introduced in 2011 as a cryptocurrency that could play the part of “silver to Bitcoin’s gold”.

A cryptocurrency was created that adopted all of the good features of Bitcoin with some twists. For example, while Bitcoin transactions can take a few minutes to confirm, Litecoin transactions are much faster and are confirmed within two or three minutes.

Moreover, in order to mine Bitcoin you will need expensive hardware and specialized raw computing power.

On the other hand, Litecoin has much lower system requirements and users can mine it with their ordinary PCs. Some of the advantages of Litecoin for investors and traders include fast transactions, easy to understand and easy to mine.