Are you a cryptocurrency or a crypto-coin fanatic? Are you looking forward to investing in Crypto-token but don’t know anything about the market? Don’t worry. We are here to help you with everything.
Cryptocurrency trading and investing have become a new trend Worldwide. We have brought you the top Next Big Cryptocurrency 2021 contenders with everything you need to know about them.
What Are the Next Big Cryptocurrencies 2021?
The Cryptocurrency Market is now a massive two trillion+ dollar industry. Cryptocurrencies have seen their major boom since late 2017 and have attracted a lot of eyes.
Investors are observing the top cryptocurrencies to add a blend to their portfolios. As you might know, Bitcoin recently hit a record high of USD 63,000 per coin. But, which crypto coins can reach up to such heights being cheap now? Let us elaborate on this fact.
Next Big Cryptocurrency 2021
Some of the currencies in which you should invest are given below:
- Binance Coin
- Cardano Coin
- Bitcoin (BTC)
- Bitcoin Cash (BCH)
- Compound (COMP)
- Cosmos (ATOM)
- Polkadot (DOT)
As we are discussing below, the required details about the currency can gain heights being cheap now. But the yet Cosmos, Compound, Polkadot, etc. are also good options for 2021 to invest in.
Let us see them individually, and then you can yourself pick your Next Big Cryptocurrency 2021 to invest in it.
- DogeCoin (DOGE)
The hot and trending DOGE has surged more than 13,000% year to date. Dogecoin investors can use Dogecoin to buy goods, services, donate them, or even trade them for other currencies.
Even the people’s favorite Billionaire, Elon Musk has tweeted a lot about Doge and claiming it to be his favorite crypto token. Which led to a sudden spike in the Doge shares, and it has been going up ever since.
The current price of Doge is $0.5 per token, with its market cap estimated at $64,158,234,355. The all-time high of Doge was over $0.7 per DOGE.
You will find Doge in Next Big Cryptocurrency 2021 articles and people calling it “Doge to the moon.”
- Binance Coin (BNB)
Binance Coin is a value cryptocurrency that functions as a payment method for the charges related to trading on the Binance Exchange. People who use the token as a method of payment for trading can get a heavy discount.
Binance Coin was primarily an ERC-20 token that worked on the Ethereum blockchain. It finally had its main net launched and is now as famous as ETH.
The current value of BNB is $526, and its all-time high was $691. The Binance Coin’s market cap is at 3rd with $80,811,084,176.
Let us see the Next Big Cryptocurrency 2021.
- Cardano (ADA)
Coming next up is one of the best performance cryptocurrencies in the market is Cardano. For pointers, the company’s initiative platform puts out how Cardano is building a stage to house usage in education, trade, business, and healthcare. Cardano’s blockchain technology is utilized for the refurbishment of Ethiopia’s education system.
The current price of ADA is $2.11 and was at $2.46 last week. The market cap of Cardano is ranked 4th at $67,407,011,039.
- Ethereum (ETH)
Also known as “The Next Bitcoin,” Ethereum is the largest and go-to blockchain for Defi. Ethereum has the second-largest market cap after Bitcoin. The Next Big Cryptocurrency 2021, Ethereum is a distributed open-source blockchain system that has its cryptocurrency, Ether.
The current Market cap ranking of ETH is 2nd at USD 404,191,047,811. The current price of Ethereum is $3,499.62, and its all-time high was $4,362.35.
- Litecoin (LTC)
Launched in 2011, LTC was amongst the first cryptocurrencies to shadow in the paths of Bitcoin, and has frequently been mentioned as “silver to Bitcoin’s gold.” It was created by Charlie Lee, an MIT former student, and ex-Google engineer.
According to the current market, LTC stands at $305.71, with an all-time high of $412.96. The Next Big Cryptocurrency 2021 has its market cap of $20,447,010,634.
Now, let us throw some light on a few of the information on the difference between two popular currencies as below:
Difference between Bitcoin and Bitcoin Cash
As they both seem to be the same but there is a difference between them which you should know while purchasing them:
- BCH is easy in the transaction as its network is quite easy to deal with compared to BTC.
- Bitcoin holds many variations to accomplish its need.
- Bitcoin is one of the popular currencies but yet comes with a limited time slot while purchasing, but bitcoin cash has good security and available with a good time limit.
How to Buy These Cryptocurrencies?
You might not be able to buy every cryptocurrency at one single exchange wallet or platform. You will however find the most of them on Binance, Coinbase, Trust Wallet, and Kraken. For live time updates, click here.
1- Is it Legal to invest and trade in Cryptocurrency?
Ans- It is completely legal in most countries to trade in cryptocurrency.
2 – Is it Taxable?
Ans- Yes, any trading or exchange in crypto-tokens is taxable. However, the amount is automatically deducted while you make any transaction.
Is Investing in Cryptocurrency Safe?
While investing in any field, the first question that arises in our mind is whether it is safe. The digital currencies are hard to predict about its rise and fall. Therefore, you need to check all the factors and terms, and conditions before purchasing these coins.
For a small example, Ethereum has different uses compared to Bitcoin and other currencies, but its limited edition could be beneficial for the investors.
So, investing can be risky because of its volatile nature. If you wish to be the part of these shares, please choose and decide wisely.
While researching on Next Big Cryptocurrency 2021, We saw the top 5 cryptocurrencies which are on their way to become the next Bitcoin. There might be market risk, so be cautious while investing in any cryptocurrency. But, still, do you want to know about the best apps to trade in the Cryptocurrency? Then, you may learn here more.
Which is your favorite cryptocurrency? Let us know in the comments below.