Have you heard that those who invest in cryptocurrency are making it big? You heard right because crypto appears to be the jackpot investment now. Did you hear it’s a get-rich-quick scheme? You heard wrong because it requires a lot of learning, unlearning, and relearning to profit from cryptocurrency investment. Those who buy XRP, Bitcoin, and other digital currencies in the cryptocurrency market do so with plans of leaving it to amass wealth over time.
Yes, there are immediate trading strategies you can engage in to profit from cryptocurrency and earn a lot within a short time. However, it would help if you had a long-term strategy and a firm understanding of the marketplace to build a sustainable plan.
Cryptocurrencies are valuable and worth your investment at all levels. However, certain digital currencies are more valuable than others. When you invest in these valuable coins, you can make a lot of money in no time. From experience and market analysis, five cryptocurrencies are likely to increase in value by the end of 2021. As such, if you are planning to invest in crypto, these five are worth your consideration.
Bitcoin is a foundation for the cryptocurrency market. It sets the pace for many of the activities that go on in it. It is the most valuable cryptocurrency, and the continuous increase in its price continues to validate this. Other activities that put it ahead of other currencies include its widespread acceptability.
Since its creation, Bitcoin price has not been stable; it goes up today and comes down tomorrow. Earlier this year, investors experienced a downward plunge in cryptocurrency. It went to less than $30,000. However, there was a time when it went as high as $66,000. Experts say Bitcoin price is expected to have short-term volatility and long-term growth. They say Bitcoin price will likely climb as high as $75,000 by the end of 2021.
Investors don’t fear the volatility of Bitcoin prices. For many, this is why they say anyone thinking of the steady long game, long-term investment in Bitcoin is the best.
Ethereum is the next big cryptocurrency to explode by the end of 2021. When ranking valuable digital currencies, it is almost difficult to mention Bitcoin and leave out Ethereum. Ethereum is a decentralized platform that works largely on the blockchain. Its cryptocurrency is called Ether, and it is accepted for payments on several platforms. It is the second-largest commodity of the cryptocurrency market and one that is worth your investment this year.
Ethereum recently made an upgrade to their platform, and it is said that the upgrade will give room to more transactions per second, lower transaction fees, and improved scalability. This blockchain-based cryptocurrency is a network that lets developers create their applications via the Ethereum network.
- Binance (BNB)
BNB is Binance’s native cryptocurrency and one of the valuable options in the market this year. Considering Binance’s role as one of the world’s leading cryptocurrency exchange platforms, BNB’s value rises. BNB is praised for its usability and easy accessibility on many exchange platforms.
Initially created as a utility token, this blockchain-based cryptocurrency is now used to make payments for entertainment and financial services, among other things. Its usability is also why it is one of the best cryptocurrencies to invest in this year, guaranteeing a bountiful reward. If you want to invest in cryptocurrency, BNB is a good place to start.
XRP was created by Ripple, a popular digital platform that has evolved tremendously over the years. It has an advantage over other cryptocurrencies in that it allows exchanges between crypto and fiat currency. Ripple is said to be seriously investing in NFTs (non-fungible tokens) that use XRP Ledger (a public blockchain). This move by Ripple suggests that it is setting itself as a worthy competition with Ethereum and Bitcoin. To buy XRP is to give oneself a chance at making it big by the end of 2021.
Tether is good for crypto investors who want to avoid the wild price swings associated with the cryptocurrency market. It is designed to be a bridge between fiat currency and cryptocurrencies. It is less speculative than Bitcoin, Ethereum, and other popular virtual currencies. If you’d like to invest in cryptocurrency, you should be zooming your lens towards Tether, especially now that it costs less to get. Get it and store it, and you’d be one of those smiling in the crypto world by the end of 2021.
No doubt cryptocurrency is here to stay, but what you invest in and how you invest matters. As such, investing in any of the five valuable digital currencies highlighted above might be one of the best financial decisions you will make in 2021. Remember, there is no better time to make that financial decision than now.