Investing in cryptocurrencies is one of the best ways to diversify your investment portfolio and reduce the risks associated with standard markets. The price of cryptocurrencies is not directly linked with the regular markets such as stocks and bonds, which is why it is a good idea to invest in digital currencies when looking to diversify your portfolio. However, that’s easier said than done.
You are probably thinking, which is the best currency you can invest in. Which cryptocurrency can give the best returns in about a year or so? Which coin is backed by a strong project and team? If you are wondering about these things, read here about the top 7 cryptocurrencies of 2021.
Name: Libra Coin
Libra coin is a next-gen payment-focused digital currency for e-commerce platforms. The team is developing a unique kind of blockchain-based platform for the e-commerce industry that will help solve a number of problems of the industry, particularly providing e-commerce players, traders and users with an easy, secure & affordable way to make/receive payments digitally anywhere in the world.
Also known as the meme coin of the internet, DOGE became famous after billionaire Elon Musk started tweeting in support of the cryptocurrency.
3. Cardano (ADA)
Besides DOGE, Cardano is another cryptocurrency that has shown amazing growth in recent times. From nowhere until November 2020, ADA is now at 5th position in the CoinMarketcap list.
4. Binance Coin
Name: Binance Coin
Even though the price of BNB is on a bit higher side in comparison to other cryptocurrencies listed in this article, the coin can still offer good value on investment. The reason, it is backed by the world’s number 1 cryptocurrency exchange Binance.
TRON is a cryptocurrency that has been getting investors’ attention ever since it was launched in 2017. It is the native currency of the TRON blockchain-based operating system that aims to make blockchain technology accessible to everyone.
Stellar is currently ranked at number 19 in the CoinMarketcap list, which means it’s the 19th largest cryptocurrency in terms of market cap. The coin price has been rising steadily ever since its launch, mostly thanks to a strong project and digital payment platform.
XRP is a cryptocurrency that was created to run on the RippleNet platform, which is a digital payment system built on top of XRP ledger, which is a distributed ledger database.