9 Best Cryptocurrencies To Buy 2021

sci tech nerds favicon

Written by SciTechNerds

February 12, 2021

The very best cryptocurrencies to buy 2021… the mere thought of such a list is enough to make most of the best investors snicker and dismiss the topic altogether. Here at SciTechNerds, we provide a starting point for crypto investors to research and make their own informed choices.

The Best Cryptos To Buy On The Market in 2021

It has been over a decade since the mysterious Satoshi Nakamoto created Bitcoin, the primary and by far hottest type of cryptocurrency on this planet. Regardless of its fame, Bitcoin is not the final word on cryptocurrency – imitators, innovators and spinoffs have emerged in enormous numbers, and there are greater than 7,000 cryptocurrencies in the marketplace right now. With such a broad range of cryptocurrencies to select from, how do buyers know which is the most effective cryptocurrency to put money into? From the most well-liked cryptocurrencies making headlines across the globe to lesser-known digital currencies you’ve never heard of, listed below are nine of the best cryptocurrencies to buy in 2021.

Bitcoin (BTC)

best crypto to buy bitcoin

Market Cap: ~ $650 billion

Year Established: 2009

$/Transaction: ~$20

2020 Return: 309%

The closest thing you may get to a blue-chip cryptocurrency, Bitcoin has dominated the market since the first bitcoins had been mined in January 2009 – however that does not mean it has always been an easy ride. Bitcoin prices hit a high of around $20,000 in December 2017 before collapsing in 2018, reaching a low at $3,234 by the end of that year. Since then, Bitcoin has enjoyed a comeback as prices surged to greater than $40,000 in January 2021 for a market cap of more than $1 trillion – that means bitcoins accounted for more than 69% of the cryptocurrency market. Bitcoin has its fair share of volatility, as prices have pulled back since hitting this high, but being the largest name in crypto gives it a worldwide acceptance that lesser-known rivals do not have, arguably making it one of the best cryptocurrency to purchase for buyers new to the asset class.

Ethereum (ETH)

ethereum cryptocurrency

Market Cap: ~ $100 billion

Year Established: 2015

$/Transaction: $10

2020 Return: 470%

One of many principal philosophies behind cryptocurrencies is the decentralization of currency. Ethereum takes it step further – rather than decentralizing cash, Ethereum’s aim is to decentralize the web by replacing servers with a worldwide system of nodes, creating “one computer for the entire world.” Ethereum is a software platform based off blockchain technology in which users can exchange a cryptocurrency referred to as ether. Ether has become one of the common cryptocurrencies on this planet, with a market cap approaching $139 billion that puts it second only to Bitcoin in market share. However the real draw is the platform itself, which has become wildly popular as a number for different cryptocurrencies – in other words, not only do buyers profit from one of the best and hottest cryptocurrencies in the marketplace, but also from the broader uses of Ethereum itself.

Litecoin (LTC)

litecoin cryptocurrency

Market Cap: ~ $8 billion

Year Established: 2011

$/Transaction: $0.07

2020 Return: 200%

Cryptocurrencies have a tendency to appear obscure and sophisticated to those that do not perceive the underlying technology, however Litecoin was created to help repair that. In actual fact, founder Charlie Lee needed to create the “lite” version of Bitcoin and develop a cryptocurrency that might play the role of “silver to Bitcoin’s gold.” Lee did just that with Litecoin in 2011, making a cryptocurrency that adopted lots of the finest options of Bitcoin with some twists. For example, whereas bitcoin transactions take about 10 minutes to verify, litecoin transactions are far faster, taking less than three minutes. In addition, while it takes specialized {hardware} and impressive raw computing power for users to mine bitcoin, Litecoin has a lot lower system requirements – in reality, ordinary PCs are capable of mining for it. Faster and easier is a strong mixture for users and investors alike.

Bitcoin Cash (BCH)

bitcoin cash cryptocurrency

Market Cap: ~ $8 billion

Year Established: 2017

$/Transaction: Tiny

2020 Return: 77%

Cryptocurrencies like Bitcoin are predicated on blockchain technology, which stores details about crypto transactions inside “blocks” of data that may include 1 megabyte of data. Because the currency grew more popular, these data blocks began to cram up, slowing down bitcoin transactions and growing transaction fees. Some Bitcoin developers proposed a solution that would successfully scale back the quantity of data needed in each block, however others believed this could compromise the integrity of the cryptocurrency – so they created their very own model of Bitcoin in August 2017 and referred to as it Bitcoin Cash. Bitcoin Cash has blocks that may retailer eight MB of knowledge, permitting for sooner and extra frequent transactions with decrease charges. Bitcoin Money could also be newer and fewer in style than its predecessor, however its scalability means it has incredible potential for growth and puts it within the running for best cryptocurrency.

Chainlink (LINK)

link cryptocurrency

Market Cap: ~ $5 billion

Year Established: 2017

$/Transaction: Tiny

2020 Return: 428%

The Ethereum platform is based on smart contracts, or agreements between two parties on a blockchain network with the transaction recorded in blocks of data. The issue is that these transactions can only happen on a platform like Ethereum, and so they need some way to draw real-world data into the platform in order to execute smart contracts when certain conditions are met. The answer is data providers referred to as oracles, and while a number of crypto platforms have created methods for oracles to retrieve data for their network, Chainlink has come up with a reputation system that ensures the data is correct, guaranteeing the validity of smart contracts. As soon as an oracle’s data is verified, they’re paid with Link, Chainlink’s cryptocurrency of choice. This system builds confidence within the platform, and the rising popularity of decentralized finance, or DeFi, helps make Link a contender for one of the best cryptocurrency in 2021.

Stellar (XLM)

stellar cryptocurrency

Market Cap: ~ $5 billion

Year Established: 2014

$/Transaction: Tiny

2020 Return: 189%

2021 is shaping to become Stellar’s year. After lagging bitcoin in 2020, Stellar stunned analysts and investors alike by rocketing 200% within the first week of January.

A lot of its success comes from XRP’s misfortunes; very similar to XRP, Stellar was designed to facilitate cross-border transactions. And as regulatory issues mount for rival XRP, Stellar has shortly moved to fill the void. However some of it has also come down to luck. In January, the Office of the Comptroller of the Currency (OCC) allowed banks to start using independent node verification networks. That same week, the Ukrainian government introduced a partnership with Stellar Development to create a national digital currency.

All this grants excellent investment conditions for Stellar, a top cryptocurrency for 2021.

Binance Coin (BNB)

binance cryptocurrency

Market Cap: ~ $5 billion

Year Established: 2017

$/Transaction: N/A

2020 Return: 160%

Like Ethereum, Binance Coin is way more than a cryptocurrency – as a matter of fact, Binance Coin was initially hosted on Ethereum until the Binance decentralized exchange, or DEX, went on-line in 2017. The Binance DEX is a platform very similar to Ethereum, albeit with a unique mission. The Binance DEX is a decentralized platform where customers can’t solely purchase and promote binance coins but additionally use BNB to transform different cryptocurrencies from one to another. This has made the Binance DEX the largest cryptocurrency exchange on the planet by volume and has helped fuel the popularity of the digital asset. Most significantly, the Binance DEX presents a discount to customers who pay transaction fees on the exchange with BNB – a smart strategy that retains customers on the platform and helps maintain Binance Coin’s growth.

VeChain (VET)

vechain cryptocurrency

Market Cap: ~ $1 billion

Year Established: 2017

$/Transaction: N/A

2020 Return: 260%

VeChain is a Chinese-based cryptocurrency that works with food groups to track food and safety. In July 2019, it inked a deal with Walmart China for its Blockchain Food Safety program. And in September 2020, it joined forces with a Chinese food safety group that features McDonald’s China.

While its trajectory nonetheless appears unclear, these wins have helped its placement on this list, making VeChain a nominal coin to track.

Tron (TRX)

tron cryptocurrency

Market Cap: ~ $2 billion

Year Established: 2017

$/Transaction: N/A

2020 Return: 103%

The previous year introduced extreme upheaval within the entertainment industry, leaving it ripe for disruption. This is exactly the sort of opportunity the founders of Tron must have been hoping for once they constructed a decentralized, blockchain-based platform for sharing content. Whereas lots of the biggest entertainment companies in the world profit from gathering and selling data about their customers, utilizing Tron leaves no such footprints behind. While it protects customers, Tron additionally permits creators to monetize their content material directly through Tronix, Tron’s form of cryptocurrency. The platform has gained fame and notoriety in equal measure over the previous couple of years because of the antics of Tron Foundation founder Justin Sun, but no matter how you are feeling about him, it is plain that Tron is a bold concept – and while it is not going to overthrow Netflix (ticker: NFLX) tomorrow, it is a wonderful speculative investment for cryptocurrencies in 2021.

9 contenders for the best cryptocurrencies to buy 2021:

Here is the short list of the best cryptocurrencies to buy in 2021, in no specific order. As always, as an investor, you should do you own research.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Bitcoin Cash (BCH)
  • Stellar (XLM)
  • Binance Coin (BNB)
  • VeChain (VET)
  • Tron (TRX)
  • Chainlink (LINK)

Related Articles

What’s behind the rerating of Cosmos?
What’s behind the rerating of Cosmos?

ATOM, the native cryptocurrency of the Cosmos blockchain protocol, has rallied by over 100% in the past week. Analysts are attributing the rally of ATOM to 2 main elementary components. First, in recent weeks, layer one blockchain protocols, like Avalanche (AVAX) and...

More harm than good? Nigerian crypto users in disbelief over CBN ban
More harm than good? Nigerian crypto users in disbelief over CBN ban

The Central Bank of Nigeria has banned banks from servicing crypto exchanges within the nation in a move that echoes actions taken by its Indian counterpart back in 2018. Reactions to the news among the many political class have been divided amongst ethnic and...

5 Takeaways From Chia Network’s New White Paper
5 Takeaways From Chia Network’s New White Paper

It would take 21 years for the remainder of the world to mine as much of the Chia (XCH) cryptocurrency as the company behind it will have on the day its mainnet launches next month. “We believe that chia, a new digital currency built on our new blockchain with...

Stay Up to Date With The Latest News & Updates