There are more than 9,000 cryptocurrencies in existence as of April 2021. While many of these cryptos have little to no following or trading volume, some enjoy immense popularity among dedicated communities of backers and investors. Cryptocurrencies are always expanding, and the next great digital token may be released tomorrow.
While you can use cryptocurrency to make purchases, most people treat it as a long-term investment. However, investing in cryptocurrency can be risky if you don’t know where to begin. These are the top 3 cryptocurrencies that are most worthy of investment in 2021.
1. Ethereum (ETH)
Ethereum is different from Bitcoin because it isn’t only a cryptocurrency. It’s also a network that allows developers to create their own cryptocurrency utilizing the Ethereum network. While Ethereum is far behind Bitcoin in value, it’s also far ahead of the other competitors.
2. Polkadot (DOT)
Polkadot was created by Ethereum leaders who broke away to form their own cryptocurrency with a better network. Instead of having a single “lane” to complete transactions in, Polkadot has several. As of March 2021, Polkadot has a market capitalization of $30.3 billion and one DOT trades for $32.83.
3. Hola Coins (HAC)
Hola Coins is not just another cryptocurrency, it’s a new-age blockchain-based payment ecosystem. Simply it’s a Paypal based on blockchain. Hola Coins offer different payment solutions and they are still in the earlier days. As of March 2021, one HAC trades for $3.00, and it’s rising very fast.
Cryptocurrencies are here to stay and are still in their formative years. Remember that cryptocurrency isn’t a get-rich-quick scheme. Instead, you should consider it a long-term investment.