Cryptocurrencies have been a fresh trend on the market. It is a trending topic of discussion when it comes to the best investment assets ever. However, the growth of cryptocurrencies has been tremendous in the past few years, out of which experts claim that Bitcoin is leading the race with its value surpassing the $20,000 mark in 2021. This limit was its all-time-high rate in 2017.
However, there are many people who find it difficult to understand crypto trading and investment. Moreover, it is important to note that crypto trading involves risks that are more or less experienced by almost every trader at some point of time. So, make sure to be thorough with your market data analysis and investigation, plus the type of cryptocurrency you are investing in.
Luckily, with technological advancement, several online trading apps, like https://bitcoins-union.com , Olymp Trade, etc. have been developed to aid the newbies as well as the full-fledged traders to automate their trading procedure on a single platform. These apps are basically designed to make trading easy and user-friendly in a time-saving manner.
Now let’s check out some of the top international investment assets in 2021:
Bitcoin is one of the widely known cryptocurrencies and has been there for the longest than any of its counterparts. If you notice its price, volume, and market cap (which are much higher compared to any other investment asset), then it is easy to understand why Bitcoin is leading the crypto market currently. Bitcoin currently represents 40% of the cryptocurrency market cap.
There are numerous businesses that accept payment via Bitcoin, making this cryptocurrency a smarter investment asset. Bitcoin for visa transactions, and the Tesla CEO, Elon Musk shortly invested a big sum of about $1.5 billion in Bitcoin. Moreover, the larger banks have begun to include Bitcoin transactions into their financial exchanges and other relevant offerings too.
Ethereum is not only a cryptocurrency but also a network that lets the developers develop a cryptocurrency of their own by using the Ethereum network. While this platform is way behind Bitcoin in respect of its value, it is still much ahead of its other counterparts in the competition.
Although this cryptocurrency came much later into being compared to the other cryptocurrencies, it has left behind many in the race because of its top-notch technology.
Binance reached its zenith after 2017 and is one of the very few crypto options to do that. By that year, a bull market was going around and the share prices of the cryptocurrencies rose on it, getting to the peak prior to plateauing and reducing in value.
Not like the other crypto platforms, Binance Coin kept up with a slow yet consistently upward trend after 2017. It is the performance of Binance Coin that has proved this platform to be a more stable investment asset that has the least risks.
Tether is yet another stable crypto platform as it is associated with the U.S. dollar. Every unit of Tether is equal to one dollar in the FRB (Federal Reserve Bank). This is what makes Tether a fine asset for the investors who are looking to do transactions with their cryptocurrency.
Cardano network has a smaller network that the investors found appealing for so many reasons. Firstly, it does not take much to complete a transaction with Cardano compared to the bigger crypto networks like in Bitcoin. In simple words, you get to do faster cum cheaper transactions. This crypto platform is relatively more secure and adaptable. Cardano is continuously improving its development to keep itself away from the reach of advanced hackers.
Ripple is an organization that unveiled the XRP token and the investors found it quite enticing as it stands out from the list of other cryptocurrencies by facilitating global transactions. When you do an international money transfer via bank, then it at least takes about 10 business days to complete the process. However, with Ripple, that same transfer might take a few seconds but not more.
Added to that, Ripple is tied up with big banks across the globe. That means the more contracts it has with other banks, the greater the chances for Ripple to be accessible to its users, from anywhere across the world.
Litecoin was established in 2011 and led the market, at the same time, just like Bitcoin. This crypto platform boasts about completing transactions that are four times quicker than that of Bitcoin.
In 2017, Litecoin was the first-ever cryptocurrency on the market to complete a Lightning Network transaction and the transfer was successfully accomplished in a matter of less than a second. There is greater scope for Litecoin to exponentially increase its value if only it increases the use of Lightning Network technology for quicker transactions.