CRYPTOCURRENCIES TO KEEP AN EYE OUT FOR IN 2021

by | Sep 17, 2021 | Finance, Growing Your Money, Wealth Management

Cryptocurrencies haven’t had a great year. With the market constantly fluctuating and currencies falling and failing all the time it’s hard to know where to put your money with safety.

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In spite of this, cryptocurrencies are no doubt at their peak of their popularity. You will find plenty of blogs and articles on how to best use your money and what to invest in.

For those of you looking to invest and are total beginners to the world of cryptocurrencies you probably have plenty of questions on how to get the most out of your investment. The first question you’re probably going to ask is what coins should I be investing in? With so many options and coins to invest in, it might be a bit of a minefield trying to choose the right one.

Have no fear though, we’ve done all the work for you. this list will help direct you to the best coins to invest in right now in 2021, making the whole decision process a lot easier.

Bitcoin (BTC)

The most recognisable and well known of the coins. Although Bitcoin has had a bit of a rough year, it is still the favoured choice among crypto-enthusiasts. Because it is the most widely used and available coin you’re partially investing in the brand appeal.

With more and more people investing in Bitcoin year after year its price of the coin is only expected to increase so it is best to get in as soon as possible for its long term benefits.

It’s current price sits at $35,026.71 (USD).

Ethereum (ETH)

As with Bitcoin it has not been a great year for Etheruem, the price of the coin is steadily growing again. 

Ethereum is a decentralised, open source blockchain which allows businesses to establish decentralised apps on their respective block chains.

It’s current price sits at $3,441.98 (USD)

Stacks (STX)

The Stacks blockchain has garnered a lot of attention this year. Stacks connects to Bitcoin, enabling you to build apps, smart contracts and digital assets integrated with Bitcoin’s security. 

Earlier this year, Stacks created and sold the first Bitcoin NFT from the stacks blockchain. 

It’s current price sits at $83.60 (USD).

Cardano (ADA)

Fairly new to the crypto scene, but now  Cardano ranks in the best five cryptocurrencies and one of the largest by market cap and ever increasing in popularity. As with Ethereum, Cardano enables smart contracts and decentralised applications powered by ADA.

Cardano is notable for its embrace of proof-of-stake validation which expedites transaction time decreasing the environmental impact of transaction verification present in platforms like Bitcoin. 

It’s current price sits at $2.52 (USD).

Litecoin

Litecoin is also a coin you may already be very familiar with (it being one of the first and most recognisable coins alongside Bitcoin). Litecoin ensures fast, secure and low cost payments making it easier and less demanding for those more unfamiliar with cryptocurrencies. 

It’s current price sits at $142.43 (USD)

For those of you looking to sell or swap your cryptocurrency and make a profit, you may need to pay a tax on it for profit as they are subject to the capital gains tax. However there are easy and efficient ways to calculate cryptocurrency tax.

 

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