With cryptocurrencies potentially breaking into the mainstream over the next few years, you might wonder which are the best to invest in. After all, the industry is still young. There’s a lot of potential for investors to see profits, but with so many projects, it’s understandable to be hesitant.
In this list, we’re going to breakdown the most exciting looking cryptocurrencies as we enter the next year.
Goldcoin is a stablecoin tied to the value of gold. It represents a fractional amount of the precious metal, providing users a way to invest in cheaper amounts than normal. In fact, you can even buy gold anonymously, thanks to Goldcoin.
From there, the platform also allows you to redeem that Goldcoin and have the physical bullion shipped out to you. Of course, you’ll have to reveal your information, such as your identity, but it’s worth it to have that in your hands.
The world’s first cryptocurrency has reached a new all-time high of nearly $20,000. With companies like PayPal and BlackRock endorsing the asset, this price increase is no surprise. Many experts predict crypto is heading mainstream, and Bitcoin is the asset to lead it.
If that’s to be the case, Bitcoin is the obvious choice for a 2021 investment. The asset is more accessible than ever, with PayPal allowing users to buy anything with it come early next year. If that doesn’t break crypto into the mainstream, nothing will.
The idea is that this change will make the platform more accessible, pushing decentralized finance into more of a future. Experts predict that Ethereum will almost double in market cap due to the upgrade and increased interest.
Ripple, the technology that banks use to make instantaneous international payments, is predicted to do quite well next year. It plans to compete with traditional banking technology, otherwise known as SWIFT, by being faster and more secure.
That and Ripple’s XRP cryptocurrency is also cheaper than SWIFT. This means users can pay much less in transaction fees when it comes to transferring their funds worldwide.
TRON is a platform that attempts to compete with Ethereum in terms of applications and decentralized finance. The blockchain network has partnered with Samsung and other big companies to bring itself more awareness. These partnerships have proven to work to some degree. TRON even beat out Ethereum in daily transaction volume at one point this year.
Considering the platform’s vast appeal, it’s entirely possible for TRON to break into the market even more next year. As other blockchain projects like Bitcoin and Ethereum bring awareness to the technology, TRON might see some excitement as well.
Where to Invest in These Cryptocurrencies?
Now that you’re aware of the best cryptocurrencies to invest in, you’ll want to know where to do so. Well, the best way to do so is via a cryptocurrency exchange. Coinbase, Binance, and CryptoExchange.com are great examples of this.
Exchanges allow you to buy crypto by linking a bank account or debit card. From there, you can purchase listed assets and store them on the platform’s wallet. You can hold them there, transfer the assets to another wallet, or even sell them at a later date.
Of course, cryptocurrencies are still speculative. It’s important to understand that there’s an inherent risk with crypto, just like with any investment.