What Crypto Currency Should You Invest in For 2021
Listen, if you are sick of working your dead end job that does not pay enough to keep the lights on, you better start investing in cryptocurrency. Honestly, investing in cryptocurrency is your best bet for being able to make smart investments and turn your financial future around.
Is investing in cryptocurrency a lot like playing Poker, kind of. Investing in cryptocurrency is a high risk investment. There is a lot to win. There is a lot to lose, and as a general rule, you should not gamble your rent money if all you have is your rent money. However, if you have 50USD after paying rent, you might want to invest in Dogecoin.
Dogecoin started as a joke, but as of April 2021, it saw a 400% increase in value just because Elon Musk tweeted about it and promised to help the little people. Though it might seem like you missed the mania craze, this bitcoin is expected to continue to rise in the year 2021 and might go on to be the standard of bitcoin making it kind of like USD in real terms of currency. You can still buy in right now around 25 cents a #dogecoin. It used to be a penny a coin, but better buy in before you can only buy a piece of a coin for 1000USD like the case with #Ethereum .
2. Bitcoin (BTC)
Cryptocurrency pretty much started with bitcoin. You can no longer invest in bitcoin cheaply, so unless you have a fortune to invest, you will not make a fortune overnight. However, Bitcoin makes up 40% of the cryptocurrency market and you can even buy a Tesla car with it, which makes it a solid long-term investment. Because Bitcoin is already being accepted in places like McDonalds, it is safe to say bitcoin is going to be around for a few million years, while a lot of these other coins die off, just like Cambodian currency. Does anyone want money from Venezuela or Cambodia right now. No, because it is worthless, but we would all take a bitcoin right now.
3. Zcash ($ZEC)
I would do a little extra research on this cryptocurrency before sinking my life savings into it, but it looks like Zcash is a promising investment because of it’s privacy features. Bitcoin runs on blockchain, which means it records every movement it makes and this actually takes up a lot of energy, which means overtime it can become rather costly and even destructive to the environment. Zcash is a more ecologically friendly and offers users more privacy.
In all seriousness, according to Zcash, it “offers confidentiality to protect your privacy and your financial history, and transactions can be confirmed quickly with low transaction fees,” seeing itself as “a fair and open currency that can be spent, sent and received via mobile phone, computer or digital wallet.” People will buy this coin just to be invisible.
4. Klever (KLV)
Honestly, Klever should be number one on this list for it’s professionalism and solid business plan. It is simple, secure and decentralized. You can use and credit cards to purchase Klever coins. Klever has it’s own ecosystem and wallet, which you can you use to buy Klever or othe cryptocurriencies. Klever is innovative and a head of a lot of coins in terms of what it can do. It is definitely a coin that will secure a spot in the future as it is creating an entire ecosystem around itself. Not only is it one of the most innovative and trustworthy cryptocurrencies on the market, it is also a cryptocurrency that gives you control and anonymity. Becareful with your key and password to your account, because if you get locked out, not even god can help you.
5. Cardano (ADA)
“Cardano has also been dubbed the “Ethereum killer as its blockchain is said to be capable of more.” according to Investopedia. Blockchain is supposed to be more powerful than the internet, so that’s a strong reputation to have backing your currency. Another thing that make Cardano special is it is really the main rival to #Ethereum. According to Investopedia, “the project was co-founded by Charles Hoskinson, one of the five initial founding members of Ethereum. After having some disagreements with the direction Ethereum was taking, he left and later helped to create Cardano”. Not only does Caedano have one of the world’s more brillant minds behind it, it is a proof of stake cryptocurrency.Follow me on Medium