Best Cryptocurrency To Invest In 2021 For Short-term
Predicting the optimal use of cryptocurrencies is impossible but there are a few factors that can help influence that. Keeping a number of factors in mind, I've chosen five best cryptocurrencies to invest in 2021, which are: Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash.
Cryptocurrency Trend Report
The ongoing shift toward blockchain based technologies could be the biggest catalyst of digital currencies future, so when you see other currencies underperforming in relation to those rivals you can assume that more and more people are going to start to invest and buy those currencies as they approach a peak. At the same time, even when theres a period of absolute growth or perhaps a shift in confidence in the currencies, that doesnt mean that cryptocurrencies will start to lose their value and fast themselves out of the market.
Bitcoin Cash
The prior year of cryptocurrency had its ups and downs and you could track it via more than just the metrics of market cap or gold price value which had increased as a sign of gold interest in bitcoin. However, given the fact that bitcoin crypto holdings are still remarkably high due to its more recent capabilities as well as the realization that bitcoin was long overdue for a major altcoin crash, those numbers really will suggest the future trend of bitcoin.
While altcoins tend to fluctuate month-to-month and even hourly, crypto assets generally stabilize on a yearly or even weekly basis. Just two days ago bitcoin managed to record a record high of more than 1,600 dollars per coin. That did not even come close to breaching the over two thousand dollar range which had been achieved on the first day of December 2020.
Ethereum
Ethereum had performed very well until December 21st when its price hit an all-time high and while that might be pure pure technical hype, given the performance of bitcoin, miners and speculators have been citing that the value of Ethereum may shoot past the value of bitcoin within two to three weeks. With bitcoin now out performing Ethereum, and the latter considering changing its coins name to bitcoin cash, speculators and miners could just be looking at a drop in price for Ethereum, but given the new norms emerging in the cryptocurrency space, it could be several more years before we see much of a change in Ethereum value.
Litecoin
When the price of any crypto asset goes up, that increases the liquidity of the currency and with that too, increases its markets potential worth. That was the case for the launch of Litecoin recently, giving it an expansion potential which could be used to track it on a yearly or even weekly basis. However, while the price of Litecoin might climb from this point on, given the current dominance of bitcoin on the crypto market, it will probably be quite a while before Litecoin moves to any other markets.
Ripple
Ripple has been the other dominant player in the cryptocurrency market since it was launched back in 2009. While you could even interpret this situation as a nearly perfect fit, you could also argue that it seems most likely that Ripple future is more or less connected to blockchain development. With people in the globe switching towards bitcoin and Ethereum, they continue to contribute their cryptocurrency to Ripple and what that really means is in the near future the company will benefit greatly from the desire of its users to be able to communicate securely with each other, and in particular with the blockchain on top of Ripple systems.
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