TOP 10 CRYPTOCURRENCIES TO BUY IN 2021

Crypto market is enjoying a Bitcoin bull run and the starting altcoin season. With more options to become an investor than ever, many newcomers are curious what to include in the portfolio. What is the best cryptocurrency to invest in 2021? Find our list of top 10 cryptocurrencies to buy in 2021 below!

Top Cryptocurrencies to Invest in 2021

Bitcoin

Bitcoin was designed to be a means for online payment, a digital alternative to cash. Eventually, its provable scarcity was embraced as a more prominent feature and the “inflation hedge” narrative emerged.

Most investors dabbling in cryptocurrencies first try the original currency that started it all. Bitcoin served as a cornerstone of the entire market, and still accounts for about 60% of its total capitalization. It is definitely the safest choice among the top cryptocurrencies to invest.

Performance in 2020 and 2021

Source: CoinMarketCap

In May 2020, in an event called “halving”, Bitcoin issuance rate was reduced in half. Historically, it was followed by a rally within several months. Bitcoin renewed the 2018 record levels around $19,000 in November 2020 and started being traded above $20 thousand. This year, it has renewed the record again several times, and the current all-time high price is $48,003.72 (February 9, 2021).

In comparison with the opening price in 2020, Bitcoin grew by 567.19% at the time of writing.

Perspectives for 2021

In 2020, funds like Grayscale Investments started offering exposure to cryptocurrencies to institutions. Companies such as Tesla, MicroStrategy and Square put billions of dollars in BTC. These investments prove that Bitcoin was recognized as a store of value and create a sound reputation for it.

As for mainstream adoption, PayPal has enabled purchase and sending of BTC last year. Both Visa and MasterCard announced plans to expand into the cryptocurrency sector. While these factors do not influence Bitcoin alone, as the most popular cryptocurrency, it will enjoy their benefits the most.

Ethereum

Ethereum is powered by Ether, or ETH, which is a currency that can be used to pay for transaction fees and smart contract calls. Given the scale Ethereum currently operates on, ETH is necessary to use stablecoins, DeFi products and Ethereum-based decentralized applications.

Performance in 2020 and 2021

Source: CoinMarketCap

While Ethereum mostly followed the growth of Bitcoin, there were other factors in play, too. Firstly, Ethereum appreciated in the summer of 2020, when DeFi started to grow at an avalanche rate. Secondly, in late 2020, Ethereum core developers have finally released the mainnet of Ethereum 2.0 in its first phase.

In 2021, Ethereum, like Bitcoin, went through the roof and broke the records, too. Its current ATH of $1,826.70 was seen on February, 10.

In comparison with the opening price in 2020, Ethereum grew by 1,245.54% at the time of writing.

Perspectives for 2021

The official branches of the US Fed are researching DeFi and positively evaluate its potential. The news drove ETH to its current ATH, and in the longer term might mean adoption on a national scale.

DeFi itself is not strictly limited to Ethereum, but the existing ecosystem is mostly built on top of it. At least for now, its dominance in DeFi makes it one of the top 10 cryptocurrencies to buy in 2021.

XRP

Performance in 2020 and 2021

Source: CoinMarketCap

In comparison with the opening price in 2020, XRP grew by 162.83% at the time of writing. It is one of the few currencies that did not have the chance to renew its ATH in 2020.

In November Spark project announced an airdrop of FLR tokens. The tokens would be distributed according to a XRP snapshot. However, in December the Securities and Exchange Commission filed a lawsuit against Ripple Labs. The price lost its momentum, and XRP sank to $0.18.

In 2021, there have already been several attempts to reclaim the price. However, with the legal status unclear, the community is waiting for the hearings to clarify the future of the asset. When the news arrives, make sure to read the coverage in our blog.

Perspectives for 2021

It is a fact that for the time being, XRP trading is suspended on several large exchanges in the US. Grayscale temporarily retired their XRP trust. However, the legal battle is far from being decided.

In addition, it is Ripple Labs that is being sued. XRP Ledger itself is open-source and managed by the community. XRP is also one of the most popular crypto assets in another heavily regulated economy: Japan.

Polkadot

Firstly, the Polkadot platform is developed by renowned cryptographers and developers.

Secondly, Polkadot delivers on a protocol that provides interoperability between many blockchains by facilitating cross-chain data transfer. Polkadot’s native token DOT is providing network governance, backing operations and is used in creating parachains.

Performance in 2020 and 2021

Source: CoinMarketCap

Polkadot blockchain was launched on May 26, 2020. However, the phase that unlocked DOT wasn’t rolled out until August, 18. In the first weeks of existence, DOT quickly became a coin with more than a $5 million capitalization. Back then it seemed impressive, but then DOT has really started going off in 2021.

In comparison with the opening price after the redenomination, Polkadot grew by 768.62% at the time of writing.

Perspectives for 2021

What is more interesting is the things that can be built on top of it. Polkadot can support smart contract chains, oracle chains, identity chains, financial chains and more. A bridge to Ethereum is also in the works, and once it is done, DeFi can spill into Polkadot-integrated networks.

Binance Coin

Performance in 2020 and 2021

Source: CoinMarketCap

In comparison with the opening price in 2020, BNB grew by 803.64% at the time of writing. Most of the growth has happened in February 2021 alone.

In 2020, there was a clear uptrend for BNB. By the end of the year it grew from $14 to $38.

Like we said, today Binance is one of the most popular trading platforms. With the surge in price of Bitcoin and altcoins, Binance is registering record-breaking traffic. BNB’s ATH was observed just a day ago, on February 10: $148.07.

Perspectives for 2021

Source; Binance Blog

Token burns are ongoing monthly events in which a chunk of BNB supply is slashed, basically increasing the value of the remaining coins. The 14th burn introduced a new formula designed specifically to accelerate the rate at which BNB are burnt.

Binance Cards are a product which was launched last year, but is still pending approval in several countries. Once these cards can be used, paying with crypto, including BNB, will become more accessible.

Binance Smart Chain is one of the alternative DeFi platforms that has not gained traction yet. However, if the Ethereum gas fee issues persist, users might start moving to other platforms.

Litecoin

Performance in 2020 and 2021

Source: CoinMarketCap

In comparison with the opening price in 2020, Litecoin grew by 352.77% at the time of writing. It has also not broken its ATH price record but it is halfway there! The technicals set it up for further growth.

Perspectives for 2021

Litecoin is also riding the coattails of Bitcoin in terms of adoption. Grayscale offers exposure to LTC through its Litecoin trust, and LTC is available for purchase in PayPal.

We admit: it feels quite weird writing this in 2021… But Litecoin definitely belongs in the top 10 cryptocurrencies to buy in 2021.

Chainlink

Performance in 2020 and 2021

Source: CoinMarketCap

In comparison with the opening price in 2020, LINK grew by 1467.23% at the time of writing. Most of the community was impressed with the performance of ChainLink in 2020. However, it is setting up to continue being in top 10 cryptocurrencies to buy in 2021, too.

Chainlink is in the midst of a rally, and its current ATH of $28.60 was reached just a day ago, on February 10.

Perspectives for 2021

In a conversation with Decrypt, the project’s founder Sergiy Nazarov confirmed that non-blockchain companies are also looking into integrating Chainlink. The announcements can become price-driving events, so it may be a good idea to stock up on LINK in advance.

Bitcoin Cash

Performance in 2020 and 2021

Source: CoinMarketCap

In comparison with the opening price in 2020, Bitcoin Cash grew by 158.01% at the time of writing. In 2020, it underwent yet another chain split, but it did not seem to significantly influence the price.

Perspectives for 2021

Bitcoin Cash is one of the currencies supported by Grayscale and PayPal, so like Litecoin, it could also reclaim some attention.

Dogecoin

Dogecoin is one of the oldest standing cryptocurrencies, from a technical perspective — a fork of a fork of Litecoin. Dogecoin branding is based on a popular Internet meme Doge.

Performance in 2020 and 2021

Source: CoinMarketCap

In comparison with the opening price in 2020, Dogecoin grew by 3511.93% at the time of writing. Like with other entries in the top, most of it has happened in 2021.The new ATH of Dogecoin: $0.08495 was reached on February, 8. On this day, and a few days before, Elon Musk made several Twitter posts pushing for DOGE.

Perspectives for 2021

As for institutional adoption, not much can be expected here, either. Dogecoin price is driven mostly by retail demand. However, we all see what gains it can achieve.

Stellar

Performance in 2020 and 2021

In comparison with the opening price in 2020, Stellar lumens grew by 886.92% at the time of writing. Despite the impressive growth, XLM has not renewed its ATH in this bull run yet! This alone warrants inclusion of XLM in the top 10 cryptocurrencies to buy in 2021 list.

Perspectives for 2021

How to Buy Top Cryptocurrencies on ChangeHero?

  1. Choose the currencies on the home page, amounts and the type of exchange. Provide your wallet address (and memo/tag, if necessary) in the next step and check the amounts;
  2. Double-check the provided information, read and accept the Terms of Use and Privacy Policy;
  3. Send in a single transaction the sum of cryptocurrency you will be exchanging. Fixed Rate transactions have a 15-minute limit;
  4. And now, relax! We are doing all the work: checking the incoming transaction and doing the exchange as soon as it arrives;
  5. As soon as the exchange has been processed, your assets are on the way to your wallet. We’ll be happy to hear your feedback if you enjoyed using ChangeHero.

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Key Takeaways

  • Some cryptocurrencies are already beating their record prices from the last bull run: Bitcoin, Ethereum, BNB, Chainlink, Dogecoin;
  • However, there are a few coins which have not beaten their ATH yet: Stellar, BCH, Litecoin, XRP;
  • Which Cryptocurrency is growing the fastest? In terms of price, Dogecoin, followed by Chainlink. The vertical growth and fundamentals make the latter a more reliable (but less fun) investment.

Conclusion

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