Investing in Cryptocurrencies: Best 10 Cryptos to Watch in 2021

Greeting Sobat Canggih,

Investing in cryptocurrencies has become increasingly popular in recent years. With the ever-increasing market trends, everyone is looking to invest in the best crypto coins to reap benefits. That’s why we have come up with this article, which highlights the top 10 best cryptos to invest in 2021.

In this article, we will cover the advantages and disadvantages, analyze data trends, and give our expert opinion based on extensive research. So, keep reading to find out which cryptos to watch out for in 2021.

Advantages of Investing in Cryptocurrencies

1️⃣ Decentralization: Cryptocurrencies enable decentralized transactions without regulation from a central authority.

2️⃣ Security: Cryptocurrencies offer a level of security and mitigate the risk of fraud, given that every transaction is validated and verified.

3️⃣ Globalization: Cryptocurrencies offer a platform for transactions globally, thus promoting ease of doing business and financial inclusion.

4️⃣ Profitability: The growth potential of cryptocurrencies is enormous, enabling investors to reap high returns in a short amount of time.

5️⃣ Low transaction fees: Cryptocurrencies have low transaction fees compared to traditional banking systems.

Disadvantages of Investing in Cryptocurrencies

1️⃣ Volatility: Cryptocurrencies are highly volatile, and their value is subject to rapid changes.

2️⃣ Not widely accepted: Cryptocurrencies are not widely accepted as a mode of payment by some businesses and markets.

3️⃣ Cybersecurity threats: Cryptocurrencies are open to cybersecurity threats and hacking attempts.

4️⃣ Lack of regulation: The absence of regulation opens up opportunities for scams and fraudulent schemes.

5️⃣ Limited use: The use of cryptocurrencies is limited to a few investments and transactions.

Overview of the Best Cryptocurrencies to Watch

Here is a table summarizing the top 10 cryptocurrencies to watch in 2021, with their market capitalization, volume, and price.

Cryptocurrency	Market Cap	Volume	Price
Bitcoin (BTC)	$615,096,096,704	$12,062,179,200	$32,909.41
Ethereum (ETH)	$270,269,523,914	$20,670,638,400	$2,348.48
Binance Coin (BNB)	$44,009,488,192	$3,288,983,043	$286.22
Cardano (ADA)	$55,243,908,583	$1,923,281,270	$1.73
Ripple (XRP)	$23,555,851,904	$4,191,813,800	$0.52
Dogecoin (DOGE)	$66,129,911,421	$6,791,648,800	$0.48
Polkadot (DOT)	$24,764,572,842	$1,615,844,693	$25.14
Chainlink (LINK)	$13,842,579,529	$1,082,245,130	$32.09
Litecoin (LTC)	$14,684,622,875	$3,462,452,421	$200.02
Tether (USDT)	$62,220,076,294	$110,650,643,750	$1.01

Frequently Asked Questions (FAQs)

1️⃣ What is cryptocurrency?

Cryptocurrency is a digital asset that uses encryption techniques to secure its transactions, validate, and verify them.

2️⃣ How does cryptocurrency work?

Cryptocurrency works on blockchain technology, where every transaction is recorded publicly but anonymously.

3️⃣ What is the difference between cryptocurrency and fiat currency?

The main difference between cryptocurrency and fiat currency is that the former is not backed up by government authorities, while the latter is.

4️⃣ How do I invest in cryptocurrency?

You can invest in cryptocurrencies through various cryptocurrency exchanges or trading platforms.

5️⃣ What are the benefits of investing in cryptocurrency?

The primary advantage of investing in cryptocurrency is the high returns on investment due to the growth potential.

6️⃣ How risky is it to invest in cryptocurrency?

Investing in cryptocurrency is highly volatile due to the frequent market fluctuations, making it a risky venture.

7️⃣ Is investing in cryptocurrency worth it?

Investing in cryptocurrency is an excellent investment opportunity, but it depends on individual circumstances, market trends, and risks.

Conclusion

In conclusion, these are just the top ten cryptocurrencies to watch in 2021. You might come across others with more growth potential. It’s essential to continuously analyze the market trends, the demand and supply cycle, and do extensive research before deciding which cryptocurrency to invest in.

We urge you to invest wisely and follow our expert opinion to make informed decisions. Remember, investing is a high-risk venture, and we don’t guarantee any returns. So, invest at your own risk.

If you want to learn more about cryptocurrencies, feel free to visit our website, where we provide up-to-date news, articles, and analysis on the world of cryptocurrencies.

Thank you for joining us, Sobat Canggih.

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