The best cryptos to buy in 2021
We don’t mess around, here it is. In no particular order, our picks are.
Crypto currency is highly speculative, do your research, arm yourself with the best information.
Planning to buy or invest in cryptocurrencies in 2021? With more than 7,000 cryptocurrencies, choosing the best cryptocurrencies to invest in 2021 is not an easy thing to do. Fear not, we at Crypto Hack have put a list together of the best cryptocurrencies to invest in 2021.
When it comes to deciding what crypto to invest in, the choice can be somewhat overwhelming as there are thousands of cryptocurrencies available on the marketplace.
It’s difficult and time-consuming to do your research and sort the worthy ones from the “unfruitful” ones.
Will 2021 be a crypto explosion?
2017 will forever be remembered as the year of the cryptocurrency. It was the year that saw the market capitalisation of the industry rise from $18 billion to $800 billion in a one-year window. Bitcoin, the current benchmark in the cryptocurrency world, gained over 1300%. However, it wasn’t the best performer as others like Ripple gained more than 36,000%.
The correction that followed in 2018 saw a pullback in the market capitalization of the top 10 cryptocurrencies to around $200 billion. However, this period heralded the rise of cryptocurrencies, and till date, the number of crypto enthusiasts continues to swell.
Which is the top pick for 2021?
Ultimately, there is no single cryptocurrency we can point out as the best of the best. There are simply too many to choose from and the list keeps growing. Many cryptocurrencies offer quite attractive opportunities for investment, depending on what you’re looking for and what your investment goals are.
One other thing to consider is the level of experience you have. For instance, some cryptocurrencies might be a good investment for beginners, while others are suitable for more advanced crypto traders.
The most explosive crypto currencies for 2021
According to https://investorplace.com/
- Bitcoin (BTC)
- Zcash (ZEC)
- Ripple (XEC)
- Basic Attention Token (BAT)
- Chainlink (LINK)
- Synthetix Network Token (SNX)
- DxChain Token (DX)
How can you do your own research?
Some factors you should take into account when researching coins to buy.
■ Historic performance
How old is the cryptocurrency, and what is the general performance since inception? Is the growth curve steady? Has it been largely static? If the crypto has shown consistent growth for at least three years, it could be worth closer attention.
The liquidity depth of a cryptocurrency is determined by the number of adopters and the market capitalization. If a cryptocurrency has thin liquidity, it will be difficult for you to sell your investment in the future.
■ Market Cap
Cryptocurrencies with a decent to high market cap are the best to consider. They also have the most liquidity, ensuring easy buy and sell of any investments.
The technology behind the cryptocurrency is one of the major drivers of its adoption. Ethereum and Ripple are the best examples of cryptos backed by exceptional technology. If the technology behind a cryptocurrency is barely a rip-off of existing technology, there may be no unique selling point leading to little or no adoption.
That is it from me today, quick crypto hacks for you, no fluff.