Over the years, cryptocurrencies have become an attractive long-term investment. However, to make a profit, it’s not enough to choose a reliable coin. You should also know the right time to buy it.
The crypto market is boosting again for the first time since 2017. An interest in the digital coin industry is rapidly increasing as well. As of the moment, the Bitcoin rate has grown the most among other coins. Altcoins have certainly grown too, many of them are still far from their historical peaks though.
Many investors are now looking for coins that may give thousands of percent profit. Unpopular cryptocurrencies that just appeared often can bring you the most considerable profit. Still, such kind of investment carries tremendous risks.
We will tell you about fairly large cryptocurrencies that stand steadily and yet have high growth potential. So, let’s talk about what are the most promising altcoins in 2021 to invest in and what to consider when choosing them? This article is all about it.
Selection criteria of altcoins for investment
To determine profitable coins to buy, you should analyze projects according to the following criteria:
- The popularity of the project in the crypto community. The coin should trade on large exchanges and authoritative publications should talk about it, keep track of rate changes.
- Convenience to move and store. Startups with development potential create various types of crypto wallets. Also, the developers of multi-currency wallets support digital money.
- Defense against hackers – if they don’t mention it, think about whether they have enough resources to protect their business from intruders.
It is the first and main altcoin. Ethereum ranks second in terms of capitalization. BTC to ETH transactions can be made on 99% of exchanges. This coin has very high liquidity.
Ethereum used to be and still stays one of the most propitious altcoins for several years. 2021 is supposed to be very significant for it because of the long-awaited transition to PoS, as well as the launch of the long-awaited Ethereum 2.0.
The main advantages of EOS are high information processing throughput, flexible and convenient account security model, numerous effective technical solutions, as well as a promising token – EOS.
EOS is a single blockchain possessing several functions at once. The developers claim that the security of their system is at the Bitcoin level, though provided by a much simpler system common to Ethereum. Besides, the EOS platform, according to market rumors, has significantly more potential than Ripple.
Tron digital currency appeared back in 2017. It allows gamers to make smart deals and build decentralized applications.
Its market capitalization is now $2.2 billion. Some expect the Tron rate to rise tenfold. A sharp rise is supposed to happen in 2021.
Hundreds of DeFi application developers have a stake in this cryptocurrency. Besides, the leaders of the game industry, which is now showing rapid growth, also show interest in Tron.
The beginning of 2021 turned out to be rather eventful for cryptocurrencies, and many experts say this is merely the start, expecting even stronger upward movements. If you are looking for promising, but at the same time, rather safe coins, this list should be useful to you.
Most importantly, remember that buying cryptocurrencies is a high-risk investment. Buy only for the amount you are ready to lose, otherwise, you will not handle this “roller coaster”.