In the crypto market, you are able to find thousands of different currencies. Each of them has a different value and story behind it.
Bitcoin for example was created in response to the 2008 financial crisis and the distress that came afterward. On the other hand, Doge coin was created as a joke by two software engineers, and today has a market capitalization of more than $80 billion.
Anyway, cryptocurrencies are considered a great future investment, which sometimes could bring high profits.
Let’s have a look at the cryptocurrencies that could turn out to be a great future investment.
Bitcoin
Bitcoin is the first and most popular cryptocurrency. Although it has been through ups and downs, today Bitcoin is worth $46,196 and there is a possibility for it to grow. Anyway, before you take a risk, you must be sure you know what you are getting into.
Regardless of its long history, Bitcoin could also lose you money, so you must always be aware of the risk level.
Litecoin
Bitcoin is often being called the gold of cryptocurrencies. Well, Litecoin is silver. A Litecoin is worth around $200, although that price changes daily. Litecoin is one of the popular cryptocurrencies, with a market capitalization of almost $12 billion.
Litecoin ranks in the top 15 of cryptocurrencies, which makes it a good current investment, especially if you’re interested in investing in technology that enables fast and inexpensive transactions.
Ethereum
Ethereum is a huge step forward from other well known cryptocurrencies, Bitcoin for example. Actually, this is the first programmable money, storing self-executing instructions on the blockchain. Up to date, one Ethereum is worth around $3,500 and its total market capitalization of more than $404 billion.
One of the reasons why Ethereum is a good investment is its growing recognition. Huge world companies are using Ethereum. ING Group for example uses Ethereum to settle payments, trade documents, etc.
Currencies like Ethereum have the potential to revolutionize the conduct of financial transactions.
Dogecoin
While Bitcoin has a limitation of 21 million, Dogecoin has an unlimited supply, which makes it a risky investment. But as we know, cryptocurrencies are always a risky investment.
Dogecoin is said to be one of the most promising cryptocurrencies for 2021. An investment in it could gain 50% returns.
Its price has grown after Elon Musk's appearance in a TV show, talking about it, but has fallen since then by 40%.
What we are trying to say is that Dogecoin may be a good future investment, but you should be prepared for everything.
VeChain
If you are new to the crypto world, you are probably looking for a cheap cryptocurrency to invest in, and Vechain could be a great option. It is in the top 17 of the most popular cryptocurrencies in the world and has returned almost %500 since its launch in 2018. Today, it is valued at more than $8 billion.
Unlike Dogecoin, the supply of Vechain is limited to 86.7 billion and all tokens have already been mined. So, with the protection of Vechain partnerships, capital will flow to the token, which will lead to growth.
VeChain could definitely be a good cryptocurrency investment for 2021.
Binance Coin
Binance coin was launched in 2017, with all the coins mined, before the coin offering. It started with a set price of $0.10. Binance coin has proven its reliability through the years, and today it carries a lot of interest for the crypto investors.
In 2020, Binance doubled its price, starting from $15 and reaching to $37, and up to date a coin is worth more than $400.
Many specialists say that now is the time to make an investment in a cryptocurrency like Binance coin, as the market is suppressed. However, don’t forget that the crypto world is unpredictable and anything could happen.
Cardano
Cardano is a cryptocurrency that ranks third, after Bitcoin and Ethereum, with a market capitalization of more than $80 million. There are 45 billion Cardano coins available.
Although there is nothing certain in the crypto world, the Cardano may appear as a good future investment. Looking at its history, in August 2020. Its price was $0.12 and a few months later it was $0,138. In February 2021 Cardano reached $1, and today (10.09) it is worth $2.5.
While it is hard to make predictions for the distant future, the Cardano is expected to reach $10 price soon. So, it may turn out to be a cheap and profitable cryptocurrency investment.
Uniswap
Uniswap is the biggest decentralized crypto exchange. It is designed to work as a public tool, allowing the community to trade without the need of a middleman.
The UNI coin was created in 2020 and has been growing since then. There are two main reasons for that - the huge interest in the cryptocurrency market, as well as the interest in the DeFi sector, and as we already have mentioned - Uniswap has taken the first place there. Today, a UNI is worth around $23 and has the potential to be a good long-term investment.
Monero
Moneros’ basic principles are on security, privacy and decentralization. It was first introduced in 2014 but witnessed a faster growth in 2016.
Today, a Monero is worth $262 and could turn out to be a good future investment.
Polygon
Polygon is an easy-to-use platform for Ethereum scaling. It’s native token, MATIC, is based on the Ethereum blockchain. Up to date, MATIC has a market capitalization of $9.36 billion, and one MATIC is worth $1.41.
The predictions say that MATIC will continue its growth in the next few years, so in the long term, this may be a good cryptocurrency investment.
For every cryptocurrency there is a different prediction, saying that it could not be a good future investment but like we already said, investing in cryptocurrency is a risky process which acquires a lot of research and knowledge.