Are you looking to invest in a cryptocurrency in 2021? With over 4000+ cryptocurrencies out there it can be a tad bit overwhelming to decide which one to invest in. So we bring you the top 5 Altcoins to invest in, in 2021 that are set to explode this year. Altcoins are basically cryptocurrencies other than the infamous Bitcoin or you can also refer to them as alternative coins. So let’s get straight into it.
Top 5 Altcoins To Invest In
Uniswap was founded in 2018 and reached an all-time high of $42 in late April 2020.
It can be purchased on major cryptocurrency exchanges like Coinbase, Binance, and Kraken. It’s a decentralized crypto exchange based on the Ethereum platform with the transaction fees paid in ether.
Current Price: $22.09
24H Volume: $422.20 Million
Market Cap: $13.02 Billion
Fully Diluted market cap: $22.09 Billion
However, because of Ethereum’s high gas prices, the cost of trading tokens on Uniswap has made it incredibly hard for anyone to trade. This might change in the future though as Ethereum has been working on Eth 2.0, a proof-of-stake technology that will reduce gas prices.
Vechain is a blockchain in cryptocurrency aimed at helping businesses improve their supply chains and logistics. Since the end of 2020, it has increased by more than 9x in the last four months.
Current Price: $0.1007
24H Low / 24H High: $0.09693 / $0.1134
Market Cap: 0.1279
This is also one of the cryptocurrencies that Coinbase does not support yet, but you can buy it on Binance.
For the third coin in the list, it’s going to be Chainlink. Link has consistently increased in value from less than a dollar since being launched to about $12 by the end of 2020. Its value rose in 2021 and has since fallen and is now valued at $20.87. Chainlink like Ethereum is a technology that helps support the whole cryptosystem rather than a single coin. It’s essentially a network that allows blockchains to connect with each other and also non-blockchain technology.
Current price: $20.87
24H Low / 24H High: $20.05 / $23.32
Volume Cap: 0.1328
Chainlink may also be purchased on major cryptocurrency exchanges like Coinbase or Binance.
This coin has always been in the shadow of Bitcoin because we always see the media revolving more around Bitcoin and completely forgetting about Ethereum. Ethereum is a one-of-a-kind system with a currency component. The Ethereum currency is called ether. While Bitcoin was established for a single-use case as a store of value, Vitalik Buterin established Ethereum in 2015 with greater and broader goals.
Current price: $2,387.27
Volume Cap: 0.09679
Market Dominance: 18.32%
Ethereum works on a programmable blockchain, which offers a plethora of potential applications ranging from technology and banking to games and collectibles, making Ethereum an appealing investment. It is also worth mentioning that Ethereum has gone up by 200% in 2021.
Aave is one of the best cryptocurrencies for peer-to-peer lending and because of this Aave might be one of the most beneficial cryptocurrencies out there. It was launched in 2017 and has recently crossed the 2020 all-time high price. Most of the top 100 cryptocurrencies are still battling to reach their February 2020 figure as Aave reached an all-time high of $498 in February and it’s currently priced at $292.59.
Current Price: $292.59
24H Low / 24H High: $290.98 / $315.08
Market Cap: 0.06225
Aave is a cryptocurrency that works on the Ethereum network and Aave’s peer-to-peer lending initiative has three major advantages:
- Allowing customers to obtain cryptocurrency loans.
- The users don’t have to give personal information in order to be authorized for loans.
- Getting a loan via Aave is almost instantaneous.
All these benefits give all the more reason to invest in Aave.
To end this article, if you’re a beginner in investing it’s always suggested doing your research and never overlook security before investing in any cryptocurrency. We hope this article helps you decide the aptest cryptocurrency for you, also there are plenty of cryptocurrencies out there so always feel free to explore.
You can also visit CoinMarketCap: Cryptocurrency Prices, Charts And Market Capitalizations to keep track of your favorite cryptocurrency.