With the bullish market of 2021, investors may find it easy to determine which of the cryptocurrencies to include in their portfolios. But for guaranteed profit, it is also important to consider which of the cryptocurrencies belong to the top.
With the rate of crypto adoption happening at our time, the industry has now an established investment option for investors. Institutional investors that have joined the industry even include Wallstreet giants. In this article, we will give you the top ten cryptocurrencies that will definitely guarantee you a profit.
Cryptos Worth to be in Your Portfolio
Let’s now begin the roundup of our top cryptocurrencies in 2021 at random order.
- Bitcoin (BTC)
Cryptocurrencies are characterized by their volatility and bitcoin of course is no exception. It was the first-ever digital asset that came into existence in history. It was invented by Satoshi Nakamoto in 2008. And so far, it is the most dominant cryptocurrency above all cryptocurrencies. Its volatility opens risk and opportunity at the same time. It was once viewed as a bubble but due to thriving adoption this year mostly by institutional investors, the virtual asset is slowly taking its place in the real world. For institutional investors, bitcoin is a haven against inflation. Do you think it will soon replace gold or even fiats? In terms of investment portfolios, millennials prefer it over gold. BTC (Bitcoin) has now a total market cap of $676,696,161,221 with its price at $36,074.14 in a data by Crypto.co. It has a total supply of 21,000,000 with 18,729,181 currently circulating in the market. Due to its limited supply, crypto enthusiasts expect its price to reach as much as $1 million per BTC. Whew! That’s a lot right.
2. Ethereum (ETH)
It is an open-source, blockchain-based, decentralized software platform used for its own cryptocurrency, ether. It was initially proposed by Vitalik Buterin in 2013. It was crowdfunded in 2014 and finally launched in 2015. It enables smart contracts and Distributed Applications (ĐApps) to be built upon its blockchain. And since it’s decentralized, it eliminates the interference of intermediaries. Ethereum has also given birth DeFi, a product built that utilizes its blockchain. Currently, there are 215 DeFi platforms built on Ethereum. On Dec. 1, the testing phase of phase 0 for 2.0 ETH was launched. The upgrade aims to increase the speed, efficiency, and scalability of the Ethereum network, alleviate congestion, and lower gas fees. From proofs-of-work, it has now shifted to proof of stake blockchain with its recent upgrade. ETH (Ether) has a total market cap of $323,786,968,866 with its price at $2,784.89. Unlike BTC (Bitcoin), ETH (Ether) has an infinite supply and it increases every year.
3. Bitcoin Cash (BCH)
It is a fork from Bitcoin and was launched in August 2017. It was created to increase the size of blocks that would allow more transactions to be processed and to improve scalability. While originally, bitcoin limit blocks to only 1 MB in size, bitcoin cash can support 32 MB blocks. But the recent upgrade was received with criticism by the crypto market. In November 2018, the altcoin has undergone another split due to a “civil war” between two competing bitcoin cash camps. The two camps were named Bitcoin ABC (Adjustable Blocksize Cap) and Bitcoin SV (Satoshi Vision). Bitcoin ABC initially supported by Roger Ver and Jihan Wu of Bitmain later adopted the name Bitcoin Cash. Unlike bitcoin, the digital asset is not a cryptocurrency by an altcoin but has the same total supply of 21,000,000. BCH (Bitcoin Cash) has now a total market cap of $12,275,670,201 with its current price at $650.49.
4. Monero (XMR)
It was launched in April 2014 as a fork of Bytecoin. A digital currency is touted for its privacy that offers a high level of anonymity for users and their transactions. With XMR (Monero), anyone can send or broadcast transactions, but no outside observer can tell the source, amount, or destination. But due to this, the privacy coin was also associated with illegal activities online. In a blog post, Bittrex announced the removal of XMR (Monero) along with other privacy coins, DASH and ZEC (Zcash). The exchange has not stated the reason behind its actions but there were speculations that it rooted in regulatory concerns on the privacy coins. It was also faced with an earlier delisting from two other exchanges, OKEx and ByBit which resulted in a 59% decline in its price. But despite this, the privacy coin remains to be one of the top cryptocurrencies this year. The altcoin can be mined using your computer’s CPU/GPU.XMR (Monero) has now a total market of $4,983,372,962 with its price at $275.66. It has an ultimate supply of 18.4 million with 17,926,688 currently circulating in the market. Once it reaches the maximum supply, new coins get added to the system at a flat rate of 0.3 XMR/minute and will be used to reward miners and keep them incentivized for mining.
5. Litecoin (LTC)
It was designed to be used for cheaper transactions and to be more efficient for everyday use. It is a form of digital money that uses a blockchain to maintain a public ledger of all transactions. Though it was based on bitcoin’s original source code, its transaction time is four times faster than that of bitcoin. Litecoin was founded by Charlie Lee, a former Goggle engineer in 2011. Bitcoin touted as digital gold, while Litecoin on the other hand was created as digital silver, as the creators have in mind. The two virtual assets are proof-of-work which means both are mined. But Litecoin has more when it comes to total supply. While bitcoin only has 21,000,000, litecoin has 84,000,000. LTC (Litecoin) total market cap of $11,910,344,021 with its current price at $177.80.
6. Zcash (ZEC)
This digital asset is another privacy coin like XMR (Monero). It employs a cryptographic tool called zk-SNARKs, which stands for Zero-Knowledge Proofs. This provides a high level of fungibility because one party involved in a transaction is not privy to the other party’s identity and payment history. But just like privacy coin Monero, Zcash is also associated with cybercriminals who engage in illegal transactions on the dark web. Like bitcoin, the digital asset has also a maximum supply of 21,000,000. ZEC (Zcash) has a total market of $1,682,710,580. In recent data, ZEC (Zcash) is now at $149.72.
7. Ripple (XRP)
It is a technology that acts as both a cryptocurrency and a digital payment network for financial transactions. XRP has been popular with banks and other institutions. It was founded by Chris Larsen and Jed McCaleb in 2012. It operates on an open-source and peer-to-peer decentralized platform allowing seamless transfer of money in any form, whether USD, Yen, litecoin, or bitcoin. It uses a similar remittance process used by banks and financial middlemen like SWIFT for international money and security transfers. Ripple and its virtual asset were embroiled in numerous lawsuits with the recent of which was filed by the US SEC before the end of December 2020. But despite this and the massive delisting by major crypto exchanges, the crypto asset is currently on a price rally. Ripple has been aggressively expanding its market in other regions like Southeast Asia adding top-notch individuals to its operation. It has now focused on partnerships and acquiring stakes from companies with Tranglo as the most recent on the list. XRP (Ripple) is now at $0.952063 with a total market cap of $43,848,758,389. On Dec. 29, the XRP price fell as low as $0.171 but with its current price, it is safe to say that the virtual asset has finally recovered. It has a total supply of 100,000,000,000 with a circulating supply of 46,151,013,329 in the market. But the outcome of the SEC lawsuit remains to be a threat for XRP (Ripple).
8. Uniswap (UNI)
A DeFi platform that is built on the Ethereum blockchain and allows users for a decentralized token swap. It was founded in November 2018 by Hayden Adams, a former engineer at Siemens. It is one of the DeFi projects in one of our articles to watch out for in 2021 and also it belongs to the top list of its category in terms of trading volume. UNI (Uniswap) has a total market cap of $13,950,793,789 and is currently at $26.85. It has a total supply of 1,000,000,000 with 519,857,388 circulating in the market.
9. Binance Coin (BNB)
It is the native token of the leading crypto exchange Binance. It is being used to pay fees in the crypto exchange and can be traded at the same time. Using the coin, users can receive a discount in transaction fees as an incentive. The utility token was created in 2017 and was first sold in ICO at 0.1 USD. Currently, BNB (Binance Coin) is now at $395.19 with a total market cap of $61,121,651,692. It has a total supply of 170,533,652 with a total circulating supply of 154,533,652. BNB (Binance Coin) can be mined using the pool on the Binance website.
10. Dogecoin (DOGE)
Dogecoin, the bitcoin-meme has also made it to our top cryptocurrencies for 2021. Its meteoric rise can be highly attributed to Elon Musk and other proponents like Mark Cuban. Musk has even admitted that DOGE (dogecoin) is his favorite crypto. With a single tweet, he caused the price of the altcoin surge. He even dropped bitcoin as payment for Tesla cars in favor of the altcoin. But his fascination with the dog-meme token has ignited a war between him and other bitcoin major proponents. The altcoin is fast gaining popularity amongst businesses worldwide and is now being accepted as payment by Nissan Daytona, Dallas Mavericks, and Kessler Collection. Leading crypto exchanges like Coinbase have also listed dogecoin in their platform resulting in the rise of its value. In recent data by Crypto.co, DOGE (dogecoin) is now at $0.364220 and with a market cap of $47,197,970,554. Currently, it has a total circulating supply of 129,925,434,207.
That wraps up our top ten cryptocurrencies worth investing in for this year. But despite the dips due to the volatility, there are other cryptocurrencies out there that were not included in our list. Some may even include startups like Polkadot but due diligence is still needed before investing in high-risk investments like crypto. Cryptocurrencies are mainly volatile. Even with a bullish market, a price crash may happen anytime. You can always invest in cryptos, but you have to invest wisely and invest what you can only afford to lose.