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 Trading Education have put a list together of the best cryptocurrencies to invest in 2021!
According to a variety of experts, the best cryptocurrencies to watch in 2021 are Bitcoin, Ethereum, Cardano, and Litecoin.
If you have any plans to invest in the crypto market this year, we have good news for you! According to many crypto enthusiasts, 2021 is going to be the best year to invest in cryptocurrencies.
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.
That’s why we’re here to help you. The following is a list of the top 10 cryptocurrencies that are expected to explode in 2021 and make an even bigger impact in the years to come.
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 investment opportunities, 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.
You also have to keep in mind that buying the best cryptocurrencies is not enough to be a successful crypto trader.
Take a look at these best cryptocurrencies to invest in this year, and start your 2021 on the right foot.
Top 10 Cryptocurrencies to Explode in 2021:
1. Bitcoin
2. Litecoin
3. Ethereum
4. Basic Attention Token
5. Cardano
6. Bitcoin Cash
7. Binance Coin
8. TRON
9. EOS
10. Ripple
A quick word on security!
Many traders have witnessed their crypto journey come to an end because they didn’t pay enough attention to security.
If you are truly serious about investing in cryptocurrencies, you have to put effort into protecting your investment by reinforcing your security.
Many of the mistakes cryptocurrency investors make are related to security. For example, forgetting to enable 2FA (two-factor authentication), leaving your coins in an exchange, not owning a hardware wallet, or simply falling victim to scams.
A quick word on altcoins: what are altcoins?
Altcoins are very simple to explain. They are any cryptocurrency that is not Bitcoin. So, basically, all cryptocurrencies, except Bitcoin are altcoins.
The word ‘altcoin’ was made by combining the words ‘alternative’ and ‘coin’.
Today, there are now thousands upon thousands of altcoins. There are even altcoin traders who solely trade these coins.
Generally speaking, altcoins are seen as riskier than trading Bitcoin, but not all altcoins are the same.
Relatively new altcoins represent a lot more risk than those that have started to establish themselves in the last 10 or so years.
That said, the altcoins that are worth trading is constantly changing. The cryptocurrency market never sits still.
But let’s get back to our topic of discussion!
So, in this article, we are going to give you everything you need to know about the best cryptocurrencies to buy for 2021.
By the end of the article, you should have a solid understanding of the top cryptocurrencies in 2021, how to invest in them and why they should be your top considerations when getting started, and some of the best cryptos to get you started on your journey.
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What top 10 cryptocurrencies will explode in 2021?
This list will always be changing as cryptocurrencies come and go. Not all cryptos can stand the test of time, though there are definitely some in 2021 that you will be familiar with.
Don’t judge cryptocurrencies only on market cap, coin price and volatility!
While everyone is throwing money at volatile high-risk cryptocurrencies and losing it all, you could be steadily making your fortune with something more stable.
You’ll be the one laughing in the end (trading is really all about being consistent, not risking all).
Have a plan when you choose to invest and set yourself sensible goals that you know are achievable!
For example, it is well-known that getting into an altcoin at the very beginning can be very profitable.
Typically, they start with almost no value and once they start getting a little attention, they shoot up in value.
You can’t blame people for wanting to get involved with unknown altcoins knowing that’s a possibility.
But the thing is, it works both ways.
While there is a chance that new altcoins might rocket in value, there is also the possibility that they completely sink and never recover the value they gained, leaving you there with a coin that is completely useless and will likely never recover in value.
That’s why we at Trading Education suggest looking at more established coins.