Top 5 Crypto Coins To Look Out For in 2021
During the summer, the crypto market lost its value drastically. The prices of coins fell by up to 50%. But these past couple of days, the prices of all coins have doubled.
Check the top 5 crypto coins to look out for in 2021. It appears their dominance in the digital coin market may exceed 2021. Let’s take a look.
When making a list of crypto coins to look out for, if bitcoin isn’t number one then something must be amiss. This coin is considered the number 1 cryptocurrency in the world by investors. Since its inception in 2009 by the programmer(s) under the pseudonym Satoshi Nakamoto, the value of bitcoin has risen steadily experiencing a few hiccups along the way.
Amongst all other crypto coins that have been created, bitcoin has held its ground and increased its value. It has such a stronghold on others that when it rises all other coins do as well and when it falls others follow.
Ethereum is also known as either is second only to bitcoin in the cryptocurrency market. Conceived in 2013 by a programmer named Vitalik Buterin and initially released in 2015, the ethereum coin gained popularity during the 2020 covid-19 pandemic which resulted in a worldwide lockdown.
This coin was created with the user’s interest in mind to reduce the risk of downtime, fraud, and interference of third-party when transactions are going on. Like all coins, the ethereum hit an all-time low in the summer by 15%, as of November 13, 2021, either coins cost $4.680. You should look out for this coin as it is bound to keep raisins in value.
XRP of Ripple is another crypto coin to look out for in 2021. Initially released in 2012, and co-founded by Chris Larsen and Jed McCaleb, Ripple serves as both a cryptocurrency and a digital payment network.
Ripple does not use blockchain mining instead it uses a census mechanism. The transactions make use of less energy than Bitcoin and are confirmed in seconds. Ripple is ranked number 7 in digital coin trading.
Binance coin or BNB is a cryptocurrency used to trade and pay fees on Binance. Also, Binance is an online exchange platform where crypto coins can be traded by users.
Launched in 2017, Binance coin has expanded fast and is still expanding, this is due to trades on the Binance platform. It is now being used to book travel plans and payment of goods and services. It can also be exchanged for Bitcoin and ethereum. In 2017, the price of Binance was $0.10, as of Oct 29,2021 it has risen to over $500.
USDT or Tether is unlike other coins that are volatile, it is a stable coin that is backed by the U.S. Dollars and the Euro. This means the value of tether corresponds to these fiat currencies. For those who do not like the volatility of other cryptocurrencies, then tether is for you.
If you are looking to invest in the crypto market then you should start with these coins. Their values are sure to increase significantly over time. Note that tether is a stable coin that is controlled by fiat currencies so for those who can not endure the volatility of other coins then tether is for you. Finally, the OSOM crypto gift idea is the best.