Cryptocurrency, once a niche topic for only the tech-savvy individuals, has now become a mainstream topic that people from all walks of life are interested in. The levels of interest about cryptocurrencies have undoubtedly surged over the years, and with this comes the need to know which ones to invest in, especially with the current financial landscape in the world. If you’re considering investing in cryptocurrencies in 2021, we have compiled a list of the top five cryptocurrencies that are worth your consideration.

1. Bitcoin (BTC)

Bitcoin remains the most prominent and valuable cryptocurrency in the market, with a market capitalization of around $1 trillion. The cryptocurrency is known for its limited supply cap of 21 million coins, and the fact that its price has skyrocketed to over $64,000 per coin as of May 2021. More so, its supply and demand dynamics have made it the go-to currency for most investors.

2. Ether (ETH)

Ether is the cryptocurrency that serves as the backbone of the Ethereum Blockchain. The Ethereum Blockchain has become famous as a platform for smart contracts and decentralized applications, leading to its continued growth in the market. Additionally, the Ethereum network serves as a foundation for most DeFi projects, contributing to its popularity, meaning that the value of Ether is expected to increase over time.

3. Dogecoin (DOGE)

Dogecoin has gained enormous attention in recent times thanks to celebrity endorsements from the likes of Elon Musk and Mark Cuban. The cryptocurrency stands out as the quintessential “meme” cryptocurrency that was created as a joke, and has since then, risen to become a significant cryptocurrency with a market capitalization of more than $50 billion. The cryptocurrency is experiencing a bullish run, and its market value is expected to grow in the coming years.

4. Binance Coin (BNB)

Binance Coin is a cryptocurrency developed by the Binance cryptocurrency trading platform. The coin stands out as Binance’s native asset and involves a lot of discounts and benefits on the platform, leading to an increase in its popularity among traders. Additionally, Binance Coin serves as a means of exchange for other cryptocurrencies on the platform, making it more accessible to investors.

5. Cardano (ADA)

Cardano is a third-generation cryptocurrency that utilizes scientific philosophy in its development. The cryptocurrency takes a different approach in its creation, employing a peer-reviewed scientific community to validate its projects. It is often compared to Ethereum, and it has seen significant growth in the market in recent times, making it a viable investment option.

In conclusion, cryptocurrencies continue to be an exciting investment opportunity, and these five cryptocurrencies offer promising potential for growth and returns. However, it is essential to conduct thorough research and analysis before investing in any cryptocurrency. It is also important to note that cryptocurrency investment is highly volatile and not without risk. As such, investing only what you can afford to lose is always the best advice.

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By knbbs-sharer

Hi, I'm Happy Sharer and I love sharing interesting and useful knowledge with others. I have a passion for learning and enjoy explaining complex concepts in a simple way.

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