The number of people who are getting into cryptocurrency is increasing every day. One of the reasons people are investing in these digital currencies is because of their profit potential. Moreover, many cryptocurrency users prefer it as a mode of payment due to its very low fees.
That being said, businesses accepting cryptocurrencies are also increasing, from simple online stores to top car manufacturers. Cryptocurrencies can also be used in online gambling. Most reputable online casinos like the ones here accept Bitcoin and a few altcoins instead of exchanging various fiat from global players.
If you plan on investing or earning cryptocurrency or digital currencies, here are the top five cryptos to earn in 2021.
BTC is the one that started the cryptocurrency and the most famous in the crypto market. It has the largest market cap and one of the most traded cryptos, assuring short-term liquidity. One BTC is playing around $50,000-$60,000. BTC still sees a lot of room for growth despite tons of competitors.
Bitcoin is still the top choice in retail adoption leading all altcoins when it comes to payment options.
ETH is the second-largest crypto by market cap, next to BTC. It is a decentralized, open-source blockchain with “smart contract” functionality.
Ethereum is one of the world’s most discussed crypto projects. It has received massive gains since its Initial Coin Offering in 2015 at $1.25 – its current price is around $2400-$2500.
Some of the business giants have already backed ETH, such as Intel, Microsoft, J.P. Morgan, and Chase, building business-ready models of the software’s powers ETH. With the market enthusiasm and momentum of the ETH project, there’s no doubt it has run its course, and ETH should be a part of investors’ crypto portfolio.
XRP is different from many altcoin competitors in various ways. Ripple Labs, a payment solution, created Ripple tokens intended to use quick, low-cost money transfers worldwide. Ripple Labs has created various partnerships with other leading money transfer services and expected to gain more financial market partnerships in the future.
Compared to other digital currencies used in trading, in the hopes of earning, XRP is utilized in the real world. This shows good signs that the financial market community can adopt the Ripple in the future. XRP gained 36,000% in value in 2017. Its current price is $1.04.
Like Ethereum, EOS is another altcoin with a smart contract. This cryptocurrency is a blockchain-based, decentralized system, enabling the hosting, execution, and development of commercial-scale decentralized applications or dApps on its platform. The EOS’s platform allows faster transactions and better scalability than other cryptocurrencies. Moreover, EOS offers free transactions in its network.
Most cryptocurrencies, like Ethereum, require a transaction fee for sending coins or tokens between wallet addresses. The EOS’s year-to-date performance is flat, with lesser volatility compared to its competitors. The project’s enthusiasm is still high, and EOS is still a highly traded crypto on trading platforms. The current price is $4.93.
Bitcoin Cash (BCH)
BCH is a fork of the BTC project. However, it is still worth watching as it is the fourth-largest digital currency by market cap. One of the advantages of BCH against BTC is the transaction speed. BCH was created using the BTC project’s modified code, allowing larger block sizes, supporting better scalability and faster transaction speed.
While it is not yet as popular as BTC, BCH is still a promising altcoin worth following. It trades around $790.
Many individuals see cryptocurrencies as the money of the future. People who adopt digital currencies are also accepting major technological innovations, like the blockchain.
Meanwhile, cryptocurrencies or digital currencies are still in their developing years. If you are new to the world of crypto, you should try investing only risk capital and build a portfolio of highly traded digital currencies.