Everything is digital. If you want to be absolute in your statement, then, you could say, everything is going digital.
It’s the age of technology and we are yet to see the best of it. The days are gone when the manual process was the only process. In recent times, there is a fear of robots taking over jobs. Technology is touching all spheres of life and mediums of exchange are not left out as digital currency has become rampant. The word “cryptocurrency” is gradually becoming an everyday language and while some people are yet to come to terms with it, others are already utilizing the opportunities it offers.
A cryptocurrency exchange is a business that allows customers to trade digital currencies for other assets. This exchange has made a great impact on the lives of those who have ventured into it as the prices continue to appreciate and thus gives more value to those who have purchased them. There are several reasons to invest in cryptocurrencies and some of which are liquidity, transparency, diversification, etc.
If you are thinking of venturing into cryptocurrency trading, then, here are 7 Cryptocurrencies t hat will be mainstream in 2021:
The obvious cryptocurrency to invest in 2021 is Bitcoin, the primary of its kind. Created in 2009 by a mysterious Japanese programmer named “Satoshi Nakamoto”, it had been popularized as an alternate, virtual currency.
Bitcoin is worth about USD26,700 at the time of writing this.
Over the past year, the worth of bitcoin has surged by 202%, as bitcoin proved to be an i mmediate beneficiary of slowing supply growth and accelerating demand growth across the cryptocurrency world.
Considering its availability, the third halving directly affected the number of latest bitcoins coming into the market and led to relatively slow supply growth.
Meanwhile, on the demand side, cryptocurrency interest will soar this year after the halving drew media coverage and public attention. Bitcoin demand simply is that the “gateway” into cryptocurrencies for brand spanking new investors. That is, as new investors enter the cryptocurrency market over the subsequent few quarters, most of them will likely start by getting their feet wet with bitcoin.
2. Tron (TRX)
TRON is a blockchain-based decentralized protocol, founded by “Justin Sun”, which aims to be a content distribution platform for the digital show business. The TRON project has an indoor TRON (TRX) cryptocurrency mentioned as TRON or TRONix.
TRON is often employed by content consumers to buy access to the content they need within the TRON network. These coins then attend content producers’ accounts, where they
will be exchanged into other cryptocurrencies, or want to buy blockchain services. It’s one of the most affordable cryptocurrency that one could start up with. Its value at the time of writing this is USD 0.03.
3. Ethereum (ETH)
The ethereum blockchain token referred to as ether (ETH) is one of the world’s top three cryptocurrencies. ETH is the driving force behind the Ethereum Network. With the Ethereum Network offering vast development opportunities, ETH is an investment that a lot of people see to be more promising than bitcoin. Many investors are rapidly adding ETH to their portfolios and you should also consider it in 2021.
4. Binance Coin (BNB)
Just like Ethereum, Binance Coin is far quite a cryptocurrency. Binance Coin was originally hosted on Ethereum until the Binance decentralized exchange, or DEX went online in 2017.
The Binance DEX is a decentralized platform where users can’t only buy and sell Binance coins, but can also use BNB to convert other cryptocurrencies from one to another. This made it the most important cryptocurrency exchange on the earth by volume and has helped fuel the recognition of the digital asset.
Most significantly, the Binance DEX offers a reduction to users who pay transaction fees on the exchange with BNB – a sensible strategy to keep users on the platform and helps sustain Binance Coin’s growth.
So when you think of a cryptocurrency to invest in, remember BNB.
5. Ripple (XRP)
Ripple differs from the others in its intention and is especially geared to be used by larger institutions and banks. It’s venture-backed and employed by banks to transfer money across national borders. XRP is therefore a platform for transfers while also a useful transit currency.
Layman traders can also invest in XRP as its high market cap and practical value makes it a strong contender for potential rewards this year and into 2021.
6. Litecoin (LTC)
Litecoin is another cryptocurrency that you simply shouldn’t ignore in 2021. LTC is one of the fastest and affordable cryptocurrencies when it involves payments.
In technical details, litecoin is nearly identical to Bitcoin.
7. Tether (USDT)
Tether, launched in 2014, is a blockchain-enabled platform built to facilitate the use of fiat currencies digitally. It disrupts the traditional economic system via a more modern approach to money.
Tether has pulled through by giving customers the ability to transact with traditional currencies across the blockchain, and without the inherent volatility and complexity typically related to a digital currency. It is the first blockchain-enabled platform to facilitate the digital use of traditional currencies. Tether has popularized cross-border transactions across the blockchain.