Top 5 Cryptocurrencies - 5 Best Cryptocurrencies To Invest In 2021

It has been over a decade since the mysterious Satoshi Nakamoto created Bitcoin, the first and by far most popular form of cryptocurrency in the world.

Despite its fame, Bitcoin isn't the final word on cryptocurrency – imitators, innovators and spinoffs have emerged in huge numbers, and there are more than 7,000 cryptocurrencies on the market today.

With such a broad range of cryptocurrencies to choose from, how do investors know which is the best cryptocurrency to invest in?.

From the most popular cryptocurrencies making headlines around the globe to lesser-known digital currencies you may never have heard of,

Here are 5 of the best cryptocurrencies to buy in 2021.

1: Bitcoin (BTC).

The closest thing you'll get to a blue-chip cryptocurrency, Bitcoin has dominated the market since the first bitcoins were mined in January 2009 – but that doesn't mean it has always been smooth sailing.

Bitcoin prices hit a high of nearly $20,000 in December 2017 before collapsing in 2018, bottoming out at $3,234 by the end of that year.

Since then, however, Bitcoin has enjoyed something of a comeback as prices have risen back to more than $10,000,
and with a market cap around $200 billion, bitcoins account for more than 57% of the cryptocurrency market.

Bitcoin has its fair share of volatility, but being the biggest name in crypto gives it a worldwide acceptance that lesser-known rivals don't have, arguably making it the best cryptocurrency to buy for investors new to the asset class.

2: Ethereum (ETH).
One of the main philosophies behind cryptocurrencies is the decentralization of currency.

Ethereum takes that a step further – rather than decentralizing money,

Ethereum's goal is to decentralize the internet by replacing servers with a worldwide system of nodes, creating "one computer for the entire world."

Ethereum is a software platform based off blockchain technology in which users can exchange a cryptocurrency called ether.

Ether has become one of the most popular cryptocurrencies in the world, with a market cap around $40 billion that puts it second only to Bitcoin in market share.

But the real draw is the platform itself, which has become wildly popular as a host for other cryptocurrencies – in other words, not only do investors profit from one of the best and most popular cryptocurrencies on the market, but also from the wider uses of Ethereum itself.

3: Tether (USDT).

Tether was one of the first and most popular of a group of so-called stablecoins, cryptocurrencies which aim to peg their market value to a currency or other external reference point so as to reduce volatility.

Because most digital currencies, even major ones like bitcoin, have experienced frequent periods of dramatic volatility,
Tether and other stablecoins attempt to smooth out price fluctuations in order to attract users who may otherwise be cautious.

Launched in 2014, Tether describes itself as "a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner."

Effectively, this cryptocurrency allownetwork and related technologies to transact in traditional currencies while minimizing the volatility and complexity often associated with digital currencies.

On Jan. 3, 2021, Tether was the Third-largest cryptocurrency by market cap.

4: Ripple (XRP).

Ripple is a real-time global settlement network that offers instant, certain and low-cost international payments.

Launched in 2012, Ripple “enables banks to settle cross-border payments in real-time, with end-to-end transparency, and at lower costs.”

Ripple’s consensus ledger (its method of conformation) is unique in that it doesn’t require mining.

Indeed, all of Ripple's XRP tokens were "pre-mined" before launch, meaning that there is no "creation" of XRP over time, only the introduction and removal of XRP from the market supply according to the network's guidelines.

In this way, Ripple sets itself apart from bitcoin and many other altcoins.

Since Ripple’s structure doesn't require mining, it reduces the usage of computing power and minimizes network latency.

So far, Ripple has seen success with its current business model; it remains one of the most enticing digital currencies among traditional financial institutions looking for ways to revolutionize cross-border payments.

It is also currently the Fourth-largest cryptocurrency in the world by overall market cap.

5: Litecoin (LTC).
Cryptocurrencies tend to seem obscure and complex to those who don't understand the underlying technology, but Litecoin was created to help fix that.

In fact, founder Charlie Lee wanted to create the "lite" version of Bitcoin and develop a cryptocurrency that could play the role of "silver to Bitcoin's gold."

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