Introduction
Cryptocurrency investing has become an increasingly popular way for people to diversify their portfolios and potentially earn significant returns. As a developer, you may be interested in investing in cryptocurrencies, but with so many options available, it can be difficult to know where to start. In this article, we will take a closer look at some of the top cryptocurrencies to invest in for 2021 and provide you with a comprehensive guide to help you make an informed decision.
Bitcoin (BTC)
Bitcoin is undoubtedly the most well-known and widely adopted cryptocurrency on the market. It was created in 2009 by an unknown person or group of people using the pseudonym Satoshi Nakamoto, and since then it has grown exponentially in value and popularity. As of October 2021, one Bitcoin is worth approximately $60,000, making it a valuable investment for those looking to diversify their portfolio.
One of the key reasons why Bitcoin has become so popular is its limited supply. There will only ever be 21 million Bitcoins mined, and as of October 2021, around 18.5 million have already been mined. This means that as more people begin to recognize the value of Bitcoin and invest in it, the price is likely to continue to rise.
Another factor that makes Bitcoin a strong investment is its widespread acceptance. It is now accepted by many major companies as a form of payment, and some countries have even started considering using Bitcoin as their official currency. This increased adoption is likely to further boost the value of Bitcoin in the coming years.
Ethereum (ETH)
Ethereum is the second-largest cryptocurrency by market capitalization, with a current value of around $400 billion as of October 2021. It was created in 2015 by Vitalik Buterin and since then it has grown significantly in both value and popularity.
One of the key reasons why Ethereum has become so popular is its use case as a platform for decentralized applications (dApps). dApps are applications that run on a decentralized network, rather than being controlled by a single entity. This means that they are more secure and resistant to censorship than traditional applications.
Ethereum’s smart contract technology also makes it an attractive investment for developers. Smart contracts allow for the automation of complex processes and can be used to create a wide range of applications, from supply chain management to voting systems. This versatility makes Ethereum a strong investment for those looking to build decentralized applications.
Binance Coin (BNB)
Binance Coin is the native cryptocurrency of the Binance exchange, one of the largest and most popular cryptocurrency exchanges in the world. It was created in 2017 and since then it has grown significantly in value, with a current market capitalization of around $90 billion as of October 2021.
One of the key reasons why Binance Coin is such a strong investment is its use case as a means of payment on the Binance exchange. It can be used to pay trading fees and can also be used to purchase other cryptocurrencies on the exchange. This makes it an attractive investment for those looking to trade cryptocurrencies.
Another factor that makes Binance Coin a strong investment is its limited supply. There will only ever be 100 million Binance Coins mined, and as of October 2021, around 80 million have already been mined. This means that as more people begin to recognize the value of Binance Coin and invest in it, the price is likely to continue to rise.
Cardano (ADA)
Cardano is a cryptocurrency project founded by Charles Hoskinson in 2015. It was created with the goal of providing a more secure and scalable platform for decentralized applications than other cryptocurrencies. As of October 2021, the current market capitalization of Cardano is around $70 billion.
One of the key reasons why Cardano is such a strong investment is its use case as a platform for decentralized finance (DeFi) applications.
