5 Best Altcoins to Invest in for 2021

5 Best Altcoins to Invest in for 2021

The year 2021 is sure to be one of the luckiest years for Altcoins. All cryptocurrencies besides Bitcoin are commonly known as Altcoins. They are no longer discussed as penny cryptos among investors but the main driving force in the crypto world.

From the erratic price fluctuations to exponential crypto growth, the year has been a true roller coaster for a number of altcoins. Whether it’s Tether or Cardano, nearly every altcoin has experienced little to massive price fluctuation because of its immense potential.

Whether you’re trading on a shoestring or want to generate a side income, altcoins are your go-to option to play on Best trading platform UK. Here is a list of the 5 best altcoins that you can invest in 2021 to have maximum profitable returns.

1. Ethereum

The increasingly high demand for Ethereum is no longer a surprise considering its exponential price growth in 2021. Founded in 2013, altcoin is the second-largest cryptocurrency after Bitcoin in terms of market capitalization. Be it coin base, Kraken, or any popular crypto exchange, Ethereum is one of the many highly traded cryptocurrencies.

Ethereum is also one of the most used platforms to trade ERC 20 tokens. Moreover, it offers DeFi applications that have helped millions of crypto investors stabilize their financial positions. Due to early success, the cryptocurrency has acquired a worth of $1,975.84 and a market capitalization of $259.57B

2. Cardano

Cardano is one of the very few proof-of-stake platforms in the decentralized crypto works. Like Ethereum, it also works on a similar mechanism as Ethereum but needs improvement to deliver long-term benefits. It is also known as a viable alternative to Bitcoin for quick transactions, using less energy sources.

The proof of stake platform also allows the use of DeFi applications and smart contracts like Ethereum. Being a decentralized proof of stake platform, Cardano is powered by ADA like ETC20 in Ethereum. Its native currency ADA has experienced successful price growth and today sits at $1.50 from $0.02 in 2017.

3. Polka Dot

If there’s any altcoin that has contributed to the improvement of blockchain, then it’s sure to be Polkadot. This altcoin was introduced with an aim to connect multitudes of blockchain in one place. In this way, Polkadot laid the foundation of a combined network where all crypto users can trade in one place.

Launched in 2020, this altcoin surprisingly received tremendous appreciation for its impressive ideology and efficient working. Another thing that sets Polka dot apart from other altcoins is its strong take on governance, security, and scalability. Not only is it a globally recognized altcoin but also an ideal option to trade for maximum profits. Polka dot today owns a worth of $20.95 per coin and a market cap of $21 million after surging in price from $2.93 last year.

4. Uniswap

To clear the confusion, Uniswap is a crypto token backed by Ethereum, not a separate altcoin. Like others, it’s also decentralized, peer-to-peer, and encrypted crypto-token, free from third-party interference. Having a $13 million market capitalization, Uniswap plays a significant contribution in the crypto industry by serving as an open-source platform for creating crypto exchanges. From making automated transactions to trading other cryptocurrencies, you can do nearly everything on Uniswap. The cryptocurrency is experiencing consistent growth and is valued at $24.52 as a result of a 50% price gain from only $0.48.

5. Dogecoin

The last yet one of the most hyped altcoins on our list. Being a meme-inspired cryptocurrency, Dogecoin is the most popular and fastest-growing cryptocurrency, with a market capitalization of 24.739B acquired in a few months.

Although crypto is not traded at a more significant level, it proves very helpful in short-term trading for substantial profits. Its current price value is under $1 due to its unlimited supply to fulfill the demands of investors on a tight budget. Experts say that this Shiba Inu Dog Themed cryptocurrency will soon take over other altcoins if it continues to rise in popularity and demand as of now. However, Dogecoin is not readily available on every crypto exchange as investors take their share of time to develop trust for a joke-inspired cryptocurrency.

Conclusion

Out of 4000 cryptocurrencies, we listed the most heavily traded, profitable, and least volatile altcoins to invest in 2021. Whichever altcoin you choose, make sure to buy low, sell high and diversify your investments.