What is the best cryptocurrency to invest in 2021?
6 of the Best Cryptocurrencies to Invest in 2021:
- Bitcoin (BTC)
- Binance Coin (BNB)
- Bitcoin Cash (BCH)
- Litecoin (LTC)
- Ethereum (ETH)
- Chainlink (LINK)
Before investing in a cryptocurrency, we always make up our mind if we want to invest in the long-term or the short-term. On the basis of the planned duration, we tend to make our choices.
Not every cryptocurrency is ideal for a long-term or a short-term investment.
WHAT ARE CRYPTOCURRENCIES?
A cryptocurrency is a digital or virtual currency that is designed to work as a medium of exchange. It uses cryptography to secure and verify transactions as well as to control the creation of new units of a specific cryptocurrency. Essentially, cryptocurrencies are limited entries in a database that no one can change unless specific conditions are fulfilled.
HOW DO CRYPTOCURRENCIES WORK?
Cryptocurrencies use decentralized technology to let users make secure payments and store money without the necessity to use their name or undergo a bank. They run on a distributed public ledger called blockchain, which may be a record of all transactions updated and held by currency holders.
BITCOIN:
Bitcoin will always be a good investment. Satoshi Nakamoto’s invention continues to lead in terms of market capitalization and trade volume. Almost every crypto exchange can trade Bitcoin and it is the cryptocurrency that is used the most.
Advantages:
- Strongest market dominance, the largest trading volume
- The most widely used cryptocurrency worldwide
- Secure facility
BINANCE COIN (BNB):
The Binance Coin (BNB) is the cryptocurrency of the largest exchange in the world: Binance. The Exchange has expanded considerably in recent years and plans to continue doing so in 2021. An investment in the Binance Coin is equivalent to an investment in the Exchange.
Advantages:
- Extremely liquid cryptocurrency
- The currency on the largest exchange: Binance
- Could already gain good prices
So, If you really want to make money by CRYPTOCURRENCY, Kindly check the below link for more information.
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