I am sure you have heard about cryptocurrency. That you can make ten thousand percent in the market and lose it the next day. Because this is a huge tear since the stock market came back in March and it is definitely a unique market. If you have the stomach for it, a good amount of money can be made.
I am sure you have heard of coins like Bitcoin, Ethereum, Litcoin. These are the main coins that people mainly talk about cryptocurrency. Because they have the biggest market cap and a lot of people own them.
The Best Cryptocurrencies to Invest In 2021
- Bitcoin (BTC)
- Ethereum (ETH)
- Uniswap (UNI)
- Chainlink (LINK)
- Compound (COMP)
In the year 2021 I have now joined with crypto since 2017, so I have seen crazy highs and crazy lovers. Everyone I know has their opinion on crypto and their speculation. Today we i have to know best cryptocurrency for you.
Bitcoin cryptocurrency is the number one crypto that everyone knows and whenever a new person comes into the crypto market. Which is usually the main reason for buying bitcoin, because it is the number one coin and many people ask to buy it. This is completely decentralized meaning that the individual unit or the government itself can do what makes it unique, that is.
That they can only be 21 million bitcoin mine and we are currently at 18.6 million so once we hit. That no more bitcoin of 21 million bitcoins can be mined and where there is a basic supply and demand comes. If we have limited supply or no supply of anything, the price will go up.
For example, they adopt the sneaker market. So let’s say one hundred pairs of shoes come out and each of them costs a hundred dollars and they sell out now. If anyone wants to buy this shoe. So they have to pay the premium irrespective of the $ 200 and & 300 they are willing to pay. Because they know that they won’t be able to get that shoe anywhere else because it was sold.
Now this is the way with bitcoin. When we arrive that no more bitcoin of 200 million threshold can be mined. Or can it be bought only because people holding bitcoins can sell it to other people and from there we do not know. Based on those estimates how much the price will be, but people are saying. That it can go up to one hundred two hundred dollars. Because it is based on basic supply and demand. Which loses the dollar and many other currencies with us and it costs more every day. In search of other places where they can put their money and know that the value will not fall depending on the government or other institutions and that is the same people putting their money in bitcoins.
Instead of sending and keeping money, we now have Ethereum. Which you people can still do. Ethereum allows smart contracts and daps to be built on top of it. I know this is going to be a bit technical. But being with me is going to try to convince me it is to the best of my ability. But Ethereum allows you to make any coin. Which you want on the Ethereum network with different use cases. Like a lending coin, a lending platform, an exchange that is making a game. Which you can do a lot of stuff on the Ethereum network.
The downside is that sometimes the network becomes populated with lots of people. So the transaction fees for sending and receiving money can increase. I have seen it go from about ten dollars to about a hundred dollars. But still it happens very rarely. This is a great stable coin that you can hold for a long time which also provides a lot of value.
Ethereum cryptocurrency Current Trading
So this is the price of Ethereum, which is currently trading at $1,364.01. The volume here is higher than the market cap if we look at the price action for it. So we can see that the high for Ethereum was around thirteen hundred dollars and currently it is at $1,364.01. I am sure that you have seen me going into bitcoin and many other crypto markets. Which has been down for the last three years, but as I said it is going back.
So it is currently trading around $1,364. So I really think the ethos is to take a shot in the future especially with all these new dapps and disregard in 2021 if you guys don’t know. Whether d5 is decentralized finance which is being taken up and many new d5 projects are coming up at this place. Who actually consider morality. Can shoot through all of its high time and visit new records to come. This is the Best cryptocurrency to invest in 2021.
Now we have a unique coin and it is quite new. Also it is Ethereum created exchange that allows you to swap erc-20 tokens.
What is erc20 token?
These are basically coins manufactured only on the Ethereum network. So let’s say you have a coin and you want to swap it for another coin. All you have to do is use the uniswap exchange and you can collect your coin and get another coin. That you wanted at the currently available exchange rate.
More About Uniswap (UNI) Cryptocurrency
The unique thing is that a decentralized exchange takes place once again. Which means that no person owns it anymore. The cool thing about uniswap is that it is well designed in public. Now you can trade without platform fees or middlemen. Which are unlike most exchanges. Uniswap uses a simple math tool and pool of tokens and Ethereum to determine the price of sellers and match trades that match buyers. We have done the same thing over this past year. Using Uniswap and lots of new tokens is being applied to uniswap as well as releasing our brand new coin as well as uniswap coin for us use cases and plans to do it in the future Don’t know about Definitely a great coin due to the huge influx of people using the exchange.
If we look at it, we can see that it mentions a very new coin. What I think came out in September itself was the high in September 2020 at $ 7.24 and is currently at $ 18.51. Now this is a bit different for this because we don’t have years of data to look at. We only have a few months but I think.
If that is exactly the exchange that I am going to pull here, it is a uniswap exchange with all amounts occurring in liquidity. I really think this is a very good coin for the long term. If you guys don’t know what it is. Another exchange they have their own coin which is really good. Which has done really well because they release it in the future and I really think so. That it may be another type of binance coin. Where an exchange issues its own coin and they have many different use cases for their coinage.
The chainlink cryptocurrency, we have now is also a very unique coin and what it does. This allows smart contracts on Ethereum to connect securely to the API’s data sources and the payment system chain link is currently trading at around twenty three dollars and forty-four cents to about four percent. Now if we take a look at the price crash for the chain link. So at most it was about twenty dollars and now it is back to $ 23.44 cents.
But the hit we hit did not come back in 2017 and now we can see this huge parabolic growth for chain link. So that we hit high and we also come back so this is also a very unique coin. That we can see that you people can look out for it as well and its use is very good as well. Deals with oracles can now be a bit misleading. So if you want people you can look into it. But it is also a very good project that you people can watch and buy.
The compound coin cryptocurrency, Now is a lending coin. Which allows people to borrow or lend property against collateral. Therefore the price for the compound is currently $326.69.
Looking at today’s price action, this coin is actually new as well as it came back in June of 2020, we saw that the high price was around $ 337 and we have seen a slow decline in the last few months.
So what can you do with the compound and what I am reading here. Which makes the compound unique, which allows anyone to deposit Ethereum tokens to easily earn interest on their balance or take a secured loan.
That is why I have seen many people doing or interest on what you can do or what you can do. You people can take out a loan and make a transaction and do business. Now it is very complicated and I personally do not know how to do it. But I know what you can do if you take a loan out. That you know f or fifty thousand dollars and do a trade on it, but also pay that debt in a transaction, as I said it is super complicated. But I am very unique to this technique and many people are using it. So that’s the kind of thing I really want to get. As well and I think the year 2021 is going to be very big upside down.
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