With the advancement of technology, the world is changing. So are the ways to invest in trading. Investors are finding new ways to achieve higher returns. Thus, making Crypto trading the next big thing. So today here, we will be discussing Top five cryptocurrencies to Invest in 2021 and How to Buy it in India.
Number 1. Bitcoin/ BTC
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. Bitcoin has enjoyed a price surge to more than $40,000 in January 2021, for a market cap of more than $1 trillion, meaning bitcoins accounted for more than 69% of the cryptocurrency market. Thus, making bitcoin arguably the best cryptocurrency to buy for investors new to the asset class.
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Number 2. Ethereum/ ETH
Since 2021 began, ETH has been surging up strongly, breaching the $1,400 level and reaching a new all-time high. Ether has become one of the most popular cryptocurrencies in the world, with a market cap approaching $139 billion that puts it second only to Bitcoin in market share. So, Ethereum can turn out to be a smart investment this year.
Number 3. Bitcoin Cash/ BCH
At the start of 2021, BCH rose on a bullish note from $340 spiking to $680 by the end of the January. It is highly expected that BCH will outperform BTC by rising its peak at $890 by May. At $1050 expected by the end of the year, BCH will have a hike of more than 300%.
Number 4. Litecoin/ LTC
Litecoin coin, which can be looked up to this year is, Litecoin. Litecoin is already off to a strong start in 2021, setting a new high over the 2020 peak. The coin which is considered to be a good investment for the longer run, has started 2021 with an opening price value of $124.67 and it is highly expected to peak at $ 487.26 by the end of the year.
Number 5. Monero / XMR
According to crypto trading pundits, the Monero (XMR) is likely to trade bullishly, and its price is expected to surge sharply, like its peer cryptocurrencies, Bitcoin and Ethereum. Currently, the price of the Monero is $ 193.42, but by the end of 2021, the Monero price is expected to soar to the $460 level.
Where to buy these cryptocurrencies ?
Just like fiat currency, to invest in cryptocurrencies you need a platform where these coins are traded. To start with this, you will need to register and put some funds into your account, and then start trading in cryptos. It is crucial to choose a trusted exchange because many exchanges wind up their operations overnight with little or no explanation for the same. In the beginning, it is a good idea to go with the most well-known options. There are several popular cryptocurrency exchanges in India which you can approach to buy & sell digital assets like PCEX Member, Coinbase, Bitfinex, etc for getting profitable returns.