15 Best Cryptocurrencies To Invest

Cryptocurrency is a system that uses strong cryptography to create, exchange, and verify the transfer of crypto coins as a medium for virtual transactions.

Cryptocurrency, unlike traditional or fiat currency, is exclusively held in computerized ledger systems.

Best Cryptocurrencies to Buy – Overview

Cryptography secures the cryptocurrency making it almost impossible to double-spend or create counterfeit.

They are decentralized and based on blockchain technology, with a distributed ledger enforced by a separate network of computers. These are financial blockchains, which means they are not overseen by any central bank or monetary authority.

The goal of cryptocurrency development was to address the issues with fiat money. It ensures that the currency holders have complete control over their power and responsibility.

Crypto mining is the process of employing computers to solve cryptographic equations and earn bitcoins. The miner must validate data blocks and add transaction records to a ledger known as the blockchain during this process.

Cryptocurrency has evolved from a currency to a prominent investment vehicle in today’s society. We may draw analogies between cryptocurrency investment and stock market investment.

And, like the stock market, it is both risky and appealing to investors. A cryptocurrency offers numerous advantages because it is created and used secretly. On the other side, bitcoin has a number of drawbacks, including its usage in unlawful activities, the high amount of electricity required for mining, market instability, and exchange theft, to name a few.

Notice of disclaimer Do not base your cryptocurrency investment decisions on the advice given here. Because cryptocurrency prices fluctuate so much, the information below may become obsolete very quickly.

However, please keep in mind that we are not financial or cryptocurrency experts, so do not rely your judgments on the following list. Its sole purpose is to educate you about various cryptocurrencies.

Let’s look at the finest cryptocurrencies to invest in right now.

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15 Best cryptocurrencies to Buy

1. Bitcoin (₿)

Bitcoin, one of the best cryptocurrencies to buy, makes up 79% of the cryptocurrency market. Bitcoin (₿) is considered the very first cryptocurrency and was founded in 2009 by Satoshi Nakamoto.

Bitcoins are created as a result of the mining process. Cryptocurrencies can be exchanged for other currencies, goods, and services, but their real-world value is highly volatile. Bitcoin transactions may be confirmed by network nodes and are stored in a blockchain, which is a public distributed ledger.

People are increasingly selecting bitcoin for a variety of reasons, including currency decentralization, ease, investment, and safe untraceable transactions, to mention a few.

Because of its popularity, governments have begun to consider it for tax legislation, trade facilitation, and other purposes (such as money laundering and price manipulation investigations).

As Bitcoin became the first peer-to-peer cryptocurrency, it paved the door for a slew of others to follow. Altcoins, or alternative cryptocurrencies, were created in response to Bitcoin’s market success. They present themselves as a superior alternative to Bitcoin.

2. Ethereum (ETH)

Ethereum is the second-largest cryptocurrency in the market and also one of the best cryptocurrencies to buy, after Bitcoin. This is also a decentralized and open-source blockchain with smart contract functionality generated by the Ethereum platform. 

This is decentralized finance since it uses smart contract blockchain and does not require traditional financial middlemen. Ether has lower transaction fees that are based on computational complexity rather than transaction size.

NFT can also be created and exchanged. A non-fungible token, or NFT, is a data unit kept on a digital ledger known as a blockchain that guarantees that a digital asset is unique and not interchangeable.

Digital assets such as audio, images, and videos can all be represented using NFTs. Ethereum has also begun implementing Ethereum 2.0, a set of changes that include a move to proof of stake and the usage of sharding (a database partitioning technique used by blockchain companies to increase transaction throughput and process more transactions per second).

3. Tether (USDT)

Tether is a digital currency that may be converted from fiat currency using tokens issued by Tether Ltd. Brock Pierce, Reeve Collins, and Craig Sellars first created it in 2014. Tether plans to keep all US cash in reserve in order to accommodate consumer withdrawal requests.

Tether paused trading and conducted an emergency hard fork (a sudden change in network protocol that makes prior blocks or transactions valid or vice versa) to render all of the stolen Tether tokens untradable after $31 million in US Dollar Tether (USDT) tokens were stolen in 2017.

In 2017, Tether, which some experts consider to be one of the greatest cryptocurrencies to invest in, re-enabled its cryptocurrency wallet and resumed processing pending backlogs. There are 59.9 billion USDT in circulation as of May 2021.

4. Cardano (ADA)

Cardano is a decentralized and open source public blockchain platform. This includes proof-of-stake transactions and the use of its cryptocurrency, ADA, to support peer-to-peer transactions. Charles Hoskinson, co-founder of Ethereum, launched the Cardano platform in 2017.

Cardano (ADA) saw more activity on the blockchain as more individuals began investing in February 2021, believing it to be one of the finest cryptocurrencies to buy.

It was also one of the most widely traded virtual currencies. This is due to the fact that it is open-source and has the same co-founder as Ethereum.

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5. Dogecoin (Doge)

If you use social media, you’ve probably heard about Dogecoin (DOGE) and its memes. It was founded with the intention of providing social media advice to creators. It was designed as a prank in 2013 by software programmers Billy Markus and Jackson Palmer to mock cryptocurrencies at the time.

Some, on the other hand, see it as a viable financial opportunity and the finest cryptocurrency to buy.

The price of Dogecoin has shifted dramatically after each tweet from Elon Musk about Dogecoin. Several online exchanges offer DOGE/BTC and DOGE/LTC trading. DOGE is frequently used for exchanging tangible objects on Twitter and Reddit, where there is a lot of discussion about the coin.

Dogecoin started with a supply limit of 100 billion, which was more than the other top digital currencies. The 100 billionth coin was mined by mid-2015, with another 5 billion coming every year into circulation post that.  The number of Dogecoins in circulation will be doubled by 2075.

6. Ripple (XRP) 

Ripple was created by Ripple Labs Inc., a technology company based in the United States, in 2012. It is a real-time gross settlement mechanism. Ripple also offers an open-source remittance network and currency exchange.

The ledger is powered by the XRP cryptocurrency. They offer international transactions in fiat currencies, which typically take 10-30 working days.

Ripple claims to offer secure and instant transactions. This makes Ripple a compelling contender for the coveted title of best cryptocurrency to invest in.

7. Polkadot (DOT)

Polkadot is a heterogeneous architecture that allows for customized layer and external network configurations. To put it another way, Polkadot has multiple lanes for completing transactions, rather than just one.

Polkadots’ initial token sale ended on October 27, 2017, with a total of 485,331 ETH (Ether, the Ethereum blockchain’s currency) raised.

Polkadot was built with technologies that will aid in the decentralization of the web, a idea pioneered by Dr. Wood when he created the phrase Web 3.0. Polkadot has just been on the stock market since 2020, so there isn’t much historical data to compare it to. This makes it a riskier investment for potential purchasers, but it could also yield better returns.

8. Uniswap (UNI)

Uniswap is a decentralized finance system founded in November 2018 by Kayden Adams, a former Siemens mechanical engineer. To exchange bitcoins, the Uniswap protocol is employed.

The Uniswap protocol uses smart contracts to enable automatic transfers between cryptocurrency tokens on the Ethereum network. It leverages liquidity protocols to make trading Ethereum tokens easier for users.

As of October 2020, Uniswap was the largest decentralized exchange and the fourth-largest cryptocurrency exchange by daily volume trading. This makes it one of the greatest cryptocurrencies to invest in if you want something different from traditional coins.

It was producing around US$23 million per day in fees from liquidity providers who allow cryptocurrency trade in the liquid market by March 2021. It is projected to perform exceptionally well, despite the fact that it is still in its early stages of development.

9. Chainlink (Link)

Chainlink is a decentralized network and cryptocurrency created by Sergey Nazarov in 2017 that provides real-world data to blockchain smart contracts.

It employs an Ethereum-based token to give tamper-proof data to numerous decentralized banking applications. Smart contracts can now respond to other global events, API queries, and asset rates thanks to Chainlink’s ability to integrate third-party data with smart contracts.

Chainlink is the 11th most valuable cryptocurrency according to Coinbase, having recently exceeded the $20 billion milestone, thanks to growing confidence that Chainlink is one of the best cryptocurrencies to invest in. Chainlink’s mission is to make more reliable source data available.

10. Monero (XMR)

Monero is an open-sourced decentralized cryptocurrency that is focused on privacy, thereby this is among the most valuable and best cryptocurrencies to buy.

It was released in 2014. Users seeking privacy features not found in other cryptocurrencies were drawn to it by its privacy features. It is well-known for its illegal use in money laundering, darknet markets, ransomware, and crypto-jacking.

Blockchains of the participants’ activities are all public ledgers that display all transactions, as we know. To accomplish anonymity and fungibility, the Moneros protocol employs privacy-enhancing mechanisms that obscure transactions, preventing anyone from seeing transaction information.

11. VeChain (VET)

This wallet, created by the VeChain Foundation, is available for Android and iOS. It accepts VTHO, VET, and VIP180 as well as other tokens. The wallet serves as a marketplace for nodes in addition to being a node management tool with a dApp browser.

This is a reasonably priced cryptocurrency and one of the best to invest in. By the use of distributed ledger technology, the VeChain Thor Blockchain was established and designed primarily for supply chain management and commercial activities.

12. AAVE (AAVE)

Aave is an Ethereum-based marketplace for borrowing and lending a variety of digital assets.

AAVE holders are in charge of the AAVE protocol. Aaves was founded in 2017. The concept allows users to lend or borrow money in the form of cryptocurrency.

Aave allows customers to borrow in a cryptocurrency other than the one they deposit. It permits its owners to influence Aave protocol changes.

Consider including this in your list of the best cryptocurrencies to buy because it safeguards the protocol from black swan events (unexpected events).

13. IOTA (MIOTA)

IOTA is an open-source distributed ledger built for the Internet of Things. Because IOTA does not utilize miners to validate transactions, transactions can be issued without fees, facilitating microtransactions.

It requires nodes issuing new network transactions to approve two existing transactions. There is no fee for network transactions. Because of these qualities, IOTA has been recognized as one of the finest cryptocurrencies to buy under $1.

14. Polygon (MATIC)

Polygon is a blockchain that is Ethereum-compatible. It has attempted blockchain scaling and interoperability. For staking, governance, and gas charges, it employs the MATIC token.

Ethereum has a number of flaws, including low throughput, a bad user experience, and a lack of community control. Polygon, as well as projects like Polkadot, use sidechain solutions to overcome these issues.

15. EOS.IO (EOS)

EOS.IO is a protocol that uses the EOS cryptocurrency as its foundation. It has a smart contract platform that claims to be able to execute millions of transactions per second and eliminate transaction fees. As a result, keep this in mind when looking for the best cryptocurrency to buy.

Also Read: The 12 Best Beginner Investing Books

Best Cryptocurrencies to Buy – Summary 

Cryptocurrency Coin Abbreviation Price ($ ) (As per July 2021) Market Cap ($) Circulating Supply
Bitcoin BTC 33518.19 628,356,310,980 18,786318
Ethereum ETH 2109.88 245,738,562,368 116,529,416
Tether USDT 1.00 62,408,272,552 62,373,875,280
Cardano ADA 1.36 43,207,272,629 31,946,328,269
Dogecoin Doge 0.2441 31,755,782,069 130,264,844,174
Ripple XRP 0.6503 29,955,536,442 46,146,927,647
Polkadot DOT 15.29 14,551,883,039 956,949,087
Uniswap UNI 18.00 10,289,947,596 575,253,409
Chainlink Link 18.01 7,824,192,682 436,509,554
Monero XMR 209.59 3,761,011,276 17,944,186
VeChain VET 0.08618 5,506,907,958 64,315,576,989
AAVE AAVE 230.57 2,958,181,502 12,829,900
IOTA MIOTA 0.8207 2,243,878,980 2,779,530,283
Polygon MATIC 1.10 6,863,928,681 6,303,422,325
EOS.IO EOS 3.86 3,677,751,702 954,835,556

Final Thoughts – Best Cryptocurrencies to Buy

Although cryptocurrency is still relatively new, it is here to stay and will continue to expand. Yet, because of its volatile nature, deciding which cryptocurrencies to buy might be difficult.

Nevertheless, rather than approaching them as a quick-money chance, they should be seen as a long-term investment.

Frequently Asked Questions

Can cryptocurrency be converted to cash?

Several sites, including as Coinbase and Kraken, allow cryptocurrency users to buy, sell, and withdraw funds straight from their accounts.

Is investing in cryptocurrency safe?

Cryptocurrencies are unregulated, as we all know. This increases the possibility of the market being extremely volatile and unsafe for investors. Cryptography, on the other hand, makes cryptocurrency extremely safe to use because it provides security and decreases the risk of fraudulent transactions. Keep in mind that because the transactions are highly secure, purchases cannot be traced.

Why was cryptocurrency created?

During the global financial crisis of 2008, it was founded. Because Bitcoin is a decentralized transaction system, it has shown to be a wonderful option for people to take control of their money without having to rely on banks or governments.

Is cryptocurrency real money?

Cryptocurrencies can be thought of as virtual assets that people can invest in and use to make purchases online. You will use real money, such as US dollars or British pounds, to buy cryptocurrency coins and use them in the same way that real money is used in places where it is accepted.

What is the difference between cryptocurrency and digital currency?

The electronic currency or money that can be held in a digital wallet is known as digital currency. Although cryptocurrency is a sort of digital currency that is encrypted or cryptographed. On the worldwide market, cryptocurrency is still quite volatile.

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