Cryptocurrencies have been the talk of the town. People from all walks of life have been interested in investing. In fact, it is important that one should start investing from an early age. You must have heard the statement, the risk always rewards. Also when you are young you can take more risks. Risks mean that there are chances that you may lose your investment too. When you are young, one is vigorous and most importantly they can even get themselves back on their feet if their investment gets in trouble. However, when they get older they will naturally have more responsibilities to handle which will in any case reduce their risk-taking capacity.
Your 20’s is the best time to invest in high-risk investments. Also, one thing that you must remember is that investing in an investment with calculated risk is never risky. If we consider it seriously, every investment has its own risks, if the market is volatile so will be your investment.
Things bring us to one of the most popular investments that people having to take extra interest in. If you are thinking of cryptocurrency then you are a pro-investor who keeps upto date on the latest news related to investment. Although cryptocurrencies have been the talk of the town. Only a few know other cryptocurrencies other than Bitcoin. Yes! There are other cryptocurrencies that are excellent investments and worth your time. Although you know one or two cryptocurrencies, you are interested in finding more about cryptocurrencies to find your new potential investment then you are at the right place.
Whenever finding a new investment one of the major concerns for any investor is that the investment should have long-term growth potential. So when you are planning to invest in a cryptocurrency then you must invest based on its current market position, market development, future potential. Well, we at zeen have made your job easy. We have compiled a list of cryptocurrency investments based on the above-mentioned factors.
What are the best cryptocurrencies to buy in 2021?
Undoubtedly one of the most popular cryptocurrencies that take the crown is Bitcoin. Even people remotely interested in cryptocurrencies are also familiar with bitcoin. There is no doubt that bitcoin is one of the most traded cryptocurrencies currently. Bitcoin has the number 1 position in the market. So the price of the altcoins will be affected by the trend of Bitcoin. For example, if the bitcoin price falls then naturally the price of the altcoins will also decline. The circulating supply of bitcoins is 18,800,887 BTC. The maximum supply of bitcoins is 21,000,000 BTC. So there are chances of more Bitcoins being produced in the future. As the current price of bitcoin has been low compared to the past, purchasing bitcoin can be the right move for you. The current price of bitcoin is that $48,707.95. According to the time, we have been writing, the bitcoin has been down by 1.04% in the past 24 hours. You can trade the bitcoin on top exchanges such as FTX, Upbit, Binance, etc.
Ethereum has the second position in the market. The market dominance of this currency is 18.05%. Ethereum is one of the most popular cryptocurrencies that most people know after the bitcoin. As of the time of this article being written the Ethereum currency has been down by 1.51%. Although there is no information on the maximum supply of the Ethereum coins. The circulation supply and the total supply of the Ethereum coins happen to be 117,306,219 coins. The return on investment from Ethereum is around 113243.47%. Ethereum has been on high demand since its inception in 2015. One of the reasons being it has simplified the smart contracts. This crypto currency is available on the platforms such as coinbase, voyager, etc.
Now let’s talk about the third most popular cryptocurrency in the market currently. Cardano (ADA) is next to the popular cryptocurrencies such as Ethereum and Bitcoin. The live price of Cardano as of the time this article is written is $2.87 USD. Also, it has been up in the past 24 hours by 1.14%. The potential of Cardano looks promising, more and more people are taking quite an interest in this currency. The main reason most people are interested in this cryptocurrency is that it uses proof-of-stake. It makes transactions faster and cheaper. This coin is available on the platforms such as Coinbase, Gemini, etc.
Stellar Lumens (XLM)
If you are looking for a cryptocurrency that comes within your budget and has a good future potential then Stellar Lumens is perfect for your business. At the time of writing this article, the live price of this currency is $0.346840 USD. As you can see, it is not as costly as its peers. Not to forget this cryptocurrency is different from the other cryptocurrencies in its own way. The primary goal of this cryptocurrency is to become the go-to currency for making payments. With the stellar blockchain the users can not only send XLM they can also send bitcoins too. According to the live data provided by the time of writing of this article is that the stellar has been up by 0.18% in the past 24 hours. The maximum supply of the XLM coins is 50,001,806,812 and however, the circulating supply is only 23,607,320,072 XLM coins.
As you have made it to the end of this article, you can see that we have conducted thorough research and provided you with details that will help you in buying better cryptocurrencies. These are a few of the cryptocurrencies, however, you must know that there are many other cryptocurrencies. If you are interested to know more about the Cryptocurrency world then Zeen is the best place for you. Check out the latest articles on cryptocurrencies and expand your knowledge.