We’re all waiting for the next major bull season that can help us to gain a massive profit. How to choose the right crypto to invest in or for trading? The first points to keep in mind when choosing digital currencies are cryptocurrency liquidity and market cap. What else can help you make the right prediction about any crypto future? Changelly is here to discover the world of the best cryptocurrencies whether they are penny altcoins or the largest cryptocurrency investment.
What Cryptocurrencies Will Explode in 2021?
We have selected the 15 best cryptocurrencies that will boom this year. From the king of cryptocurrencies, Bitcoin (with a great market cap) to the small local crypto projects, we’re starting our way to get the profitable coins right now! Almost all of them work on different blockchain technologies and have different transaction fees. From our list, you can choose cryptocurrencies for trading, operating cheap transactions, or even become a crypto investor.
According to the financial analysts, crypto professionals, and investors, there are fifteen cryptocurrencies that can bring you an impressive income next few years, among them:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Tezos (XTZ)
- Cardano (ADA)
- Monero (XMR)
- Chainlink (LINK)
- XRP (Ripple)
- Aave (AAVE)
- BAT (Basic Attention Token)
- Crypto.com (CRO)
- Yearn.finance (YFI)
- Binance Coin (BNB)
- Tron (TRX)
- Filecoin (FIL)
Why Should You Invest in Cryptocurrencies?
Quite a lot of well-known digital platforms, including Apple, Tesla, Samsung, PayPal, are to include cryptocurrencies and blockchain in their technology. For the past ten years, cryptocurrencies became a new way to store, hold, save and trade money, as well as allowed to participate in various decentralized features and apps.
Investing in crypto opens up not only a new way to put your money into cryptocurrencies but also gives you an opportunity to become a part of the future yet today. Digital assets are easier to store, transfer and trade. There are the main reasons to invest in crypto:
- The threshold is lower than in stocks. You can divide crypto coins into smaller fractures, e.g., satoshis in Bitcoin.
- The fees within crypto transactions are lower than in fiat institutions. Moreover, there is no intermediary between sender and receiver.
- Trading is a lot easier since the exchange is available round the clock.
- The transparency is great since blockchain technology is used.
Three Things to Consider Before Investing in Cryptocurrencies
There are a couple of steps to consider before you buy any cryptocurrency.
- Choose the platform where you are going to buy your cryptocurrency. If you are a novice, an instant exchange is a great solution. Choose Changelly’s best offer among all the cross-rates if you want to get crypto for the best price.
- Choose the cryptocurrency wallet. In order to keep your digital assets safe, choose the wallet that corresponds to all your needs. We’ve made an ultimate list of the best mobile, desktop, and hardware wallets to choose from.
- Before creating a transaction, do your own research about the cryptocurrency you are going to acquire.
1. Bitcoin (BTC)
Investing in Bitcoin is always a good idea. This cryptocurrency is still the first in terms of market cap (and in terms of price). Created in 2009 by Satoshi Nakamoto, Bitcoin becomes the largest cryptocurrency for further years because of its idea and users’ trust. Moreover, Bitcoin proved to be resistant to any significant market crash.
In 2020, every sphere of the economy was affected by the coronavirus pandemic. After the lockdown all over the world, the price of Bitcoin went down to $4,700 in late March. During the summer, Bitcoin has recovered both in price and market cap, so in September, the cryptocurrency rate tested $12,000 point. Some experts say that the recovery is in its beginning. They were incredibly right. No more rumors about the future Bitcoin crash, only to the moon. Look at the recent Bitcoin price:
By the way, the fork of Bitcoin, Bitcoin Cash (BCH), can become one more digital asset for cryptocurrency investment. The split happened in 2017, yet BCH works on the same algorithm, however, the block sizes are not equal.
Why investing in Bitcoin Cash? First of all, it is a version of Bitcoin which is cheaper. Moreover, its price history can change according to its own scenario. One day BCH can overcome the first cryptocurrency, why not?
2. Ethereum (ETH)
Despite the negative performance of each and every crypto in late March 2020, Ethereum was strong throughout 2020. In 2021, one of the largest cryptocurrencies works on smart contract system reached the point higher than $1,800.
The success of Ethereum is quite understandable. The first factor is DeFi growth during the last year. Chainlink, Wrapped Bitcoin, Maker – all those tokens are made on the Ethereum blockchain technology. The second factor is the launch of Ethereum 2.0, which will be completed by the end of 2021. The users are excited about Ethereum’s transition to the Proof-of-Stake algorithm. This might help in boosting Ethereum transaction to operate decentralized applications more smoothly.
It’s quite obvious that Ethereum is a good investment option because it’s staying side by side with Bitcoin for many years. The silver cryptocurrency is one that works on smart contracts. It has high liquidity, so you won’t have to worry about selling and purchasing it. Also, Ether is the most well-known cryptocurrency in the world. By the way, Changelly allows you to buy or exchange ETH coins and other crypto digital assets with just a couple of clicks.
3. Litecoin (LTC)
Litecoin might not be one of the prospective cryptocurrencies for investment. However, we treat the LTC cryptocurrency with respect because of its position in the crypto world. Created by Charlie Lee, Litecoin has a huge market capitalization of almost $4 billion, which makes it attractive to investors. Though the cryptocurrency didn’t gain impressive heights in 2020, it’s still very promising. Its performance showed a growth of more than 8,000% for all the time of existence.
Recently, Litecoin blockchain technology got the fantasy RPG named LiteBringer. Since the game process requires some Litecoins, it increased the number of transactions in the network. Moreover, Litecoin is on the list of supported cryptocurrencies in PayPal. It looks like the LTC coin has a future and the potential to grow.
4. Tezos (XTZ)
Tezos cryptocurrency grants users access to affordable staking. Since the XTZ coin price is around $2, it’s easy to get some crypto in your portfolio. Usually, users need about 20 days to get the first profit. Tezos blockchain uses Delegated Proof-of-Stake, so it’s possible to become a block validator or delegate this right to others.
In 2020, the price of the coin rose by almost four times from $1.2 to $4.28. Now the coin rate has adjusted, so it’s very affordable to buy. Your coins will be completely safe because the blockchain is secured by a smart security protocol. Look at the cross-rates on Changelly and invest safely in Tezos crypto within minutes.
5. Cardano (ADA)
Cardano cryptocurrency is known for its long-time developing blockchain. Launched in 2017, the Cardano blockchain is still under development. This might be the one and only reason why to invest in ADA. The cryptocurrency has shifted to third place in CoinMarketCap, so it’s a great asset for both investors and traders.
Though its ecosystem is not completed, the last milestone called Shelley pushed the asset’s price up just after a few improved features. One of these features is long-awaited staking. Now holders can create the staking pool or delegate this action to others.
As for the rate, the ADA coin has gained some value from the beginning of the year. Started the 2020 year with a price tag of $0.02, Cardano was worth $1.5 by August. Now the price has adjusted, so it’s very affordable to get some ADA. We offer our users the opportunity to invest in ADA right now.
6. Monero (XMR)
Monero was launched back in 2014, focusing on privacy and decentralization. Monero is an incredible cryptocurrency, thanks to its security and fungibility. That’s why it is among the best cryptocurrencies to invest in. The cryptocurrency, alongside Bitcoin and Litecoin, became a means of payment in the real world. The greatest advantage of the Monero blockchain is the ability to make a transaction in a couple of minutes (consider that Bitcoin needs about 10-15 minutes).
Although the XMR rate didn’t show the performance of 2018, the results in 2020 are quite impressive. Even though the coin fell under the influence of the entire market in March 2020 and the price sank to $34, its price has adjusted perfectly to $135. Monero is in an upward trend, so the fact that it is profitable to invest in Monero is obvious.
7. Chainlink (LINK)
Chainlink oracle network is run on the Ethereum blockchain. Since the DeFi market sector rose, LINK took the major dominance in this space. The project seeks to solve the problem of supplying information from the outside world to the blockchain in the form of smart contracts. Chainlink has competitors, but the project is firmly entrenched as a leader in its sector.
If we talk about the coin rate, then 2020 has borne fruit thanks to the heyday of the DeFi. Back at the beginning of the year, the coin was worth less than $2. In August, the price of LINK reached almost $20.
Since decentralized exchanges are gaining more and more popularity, the need for oracles that would supply information about cryptocurrency rates is growing accordingly. As long as there is a need for such information, Chainlink will be relevant, and the price of LINK will rise.
8. Ripple (XRP)
Created in 2012 by Ripple Labs, XRP provides fast, inexpensive, and reliable transactions. XRP cryptocurrency developers are aimed at large financial corporations rather than ordinary users. Thus, Ripple acts as a bridge between traditional banking systems and digital payment technology. In this sense, the digital currency acts as a native token that determines the transfer amount in any currency in the world.
In 2020, the XRP showed stability: in March, the currency did not suffer as much as others. Therefore, Ripple cryptocurrency can be a great asset to invest in. XRP value depends on future partnerships and their success. By the way, recently, Ripple launched the Line of Credit business lending program. The beta version of the service operates on the RippleNet network and is available to a limited number of customers.
9. Aave (AAVE)
Aave is the third-largest lending platform in DeFi – that’s why its native cryptocurrency is extremely popular. LEND token has appreciated 1,200% on a year-to-date basis. Recently, the token with ticker LEND migrated to the AAVE one at a rate of 100 LEND for 1 AAVE. This made it possible to participate in the government of the protocol and conduct staking. From now on, users can receive passive income from investments.
Within a few days, the AAVE price began to grow, so it might be a good idea to take a closer look at this project and the possibilities to take advantage of it.
10. Basic Attention Token (BAT)
Basic Attention Token is a native cryptocurrency of the Brave browser. The cryptocurrency is used as a reward for viewing ads by users in the browser. BAT has become one of the most high-profile affiliate programs in the history of cryptocurrency. The point is simple – watch ads and make money from it. The token recovered quite quickly after the market crash in March, and in August, its price doubled from $0.2 to $0.4.
11. Crypto.com Coin (CRO)
Crypto.com platform is a kind of crypto bank with a lot of tools and unique products. There are cryptocurrency cards, exchanges, wallets, etc. All these products are united by one native CRO token, which is used in this network. With its help, commissions are paid on the exchange, as well as a cashback from the card is obtained.
In 2020, the asset price has gone up incredibly. Starting a year at $0.03, the token reached $0.2 in August. The СRO suffered the least from the March fall – the token price fell by only one cent. Now the Crypto.com token price is being adjusted; maybe it’s time to diversify your cryptocurrency portfolio with it?
12. Yearn.finance (YFI)
Yearn.finance is another representative of the DeFi market. Having become popular this summer, the YFI coin continues to be more expensive than the first cryptocurrency, Bitcoin. Yearn.finance completely changed the game in the cryptocurrency market. These investments in liquidity pools can bring incredible returns.
Features available on this platform can’t be found almost anywhere. This reflects the uniqueness of the project and its coin. Remember that YFI can bring both large revenues and huge losses. We have already talked about this cryptocurrency’s possible future in price prediction for the next five years; take a look here.
13. Binance Coin (BNB)
Though Binance Coin is created to pay fees or receive a discount on the Binance exchange, some experts claim it can be a profitable investment tool. At the beginning of the year, the BNB coin showed positive dynamics, but in March, the rate followed the rest of the market down.
However, immediately after the fall, an uptrend appeared in the chart, which continues today. The bullish cycle changed the March price of $10 to $30 in mid-September. Since the Binance coin is an asset of the exchange, as long as it thrives, the BNB coin price will also rise. So why not take advantage of the growth and buy BNB? (Hint: we’re offering one of the best market prices for BNB to expand your crypto portfolio).
14. Tron (TRX)
We are adding one of the most controversial cryptocurrencies to this rating. You may think differently about Tron’s creator, Justin Sun, but his cryptocurrency has been at the top in terms of market capitalization for many years.
Since Tron became the owner of BitTorrent, the chances of profit have doubled. In fact, one project holds two cryptocurrencies in the market at once. However, Tron is more successful in his performance. Although the cryptocurrency did not bring large profits to its holders, it did not drop dramatically in price. In September, the price of an asset actually tripled: from $0.01 to $0.03.
15. Filecoin (FIL)
We’ve already talked about the Filecoin network. If you are interested in basics, check out our article.
We have added Filecoin to this rating rightfully. The project has been preparing to start since 2017, and finally, in 2020, the developers’ dreams have finally come true. The team launched decentralized file storage with the ability to make money from mining. The very scope of the project is promising since centralized cloud storage is not so secure.
Since the project was launched on October 15, not enough data has yet been collected to reasonably estimate the coin’s future. We judge only by the existing perspective. The project has a promising roadmap and a great team. Can’t promise incredible growth, but no guts, no glory.
How to Make a Profit on Cryptocurrencies?
It is difficult to decide to take the first step into cryptocurrencies: everyone around them talks about market volatility and, more often, does not understand how digital assets work. The most important advice is to be prepared for significant losses. Unless you are ready to lose half the value of the coin you invested in, you can hardly wait for its price to recover.
The second tip is to diversify your portfolio. Start with more established and time-tested cryptocurrencies. As you explore the market, consider various small projects, and invest in them. Sometimes, when Bitcoin falls, some altcoins can rise in value.
The third and perhaps most important advice is not to keep your money on an exchange. Think about a safe place for your investments. We have already written many reviews of wallets for storing this or that coin. So you can use the already proven methods.
Regardless of the investment strategy you choose, remember about security and constant market analysis. Once you enter the world of cryptocurrencies, you will not remain indifferent, and Changelly is here to make your experience in the market comfortable. Check out our cross-rates for purchase or exchange cryptocurrencies. We accept bank cards, transfers, and even Apple Pay.
Top 10 penny cryptocurrencies to invest in 2021
If you are a newbie and do not want to invest in Bitcoin or Ethereum rashly, or you have already become a sophisticated investor who got tired of typical coins, we are glad to show you cheap crypto coins to invest in right now.
1. Nexo (NEXO)
Nexo is a cryptocurrency overdraft system that allows users to avoid selling their cryptocurrency. Instead, they are encouraged to use cryptocurrency as collateral for fiat loans. Thus, the user retains owned cryptocurrency and can handle its fiat equivalent. NEXO is Nexo Finance’s own token. Its holders enjoy additional benefits on the platform, such as discounts on loans and receive interest payments on deposits.
Since the beginning of 2021, the cryptocurrency price has grown from $0.6 to $3.4 and continues to gain momentum. It might be worth waiting for the price correction and buying some NEXO tokens for your investment portfolio.
2. Zilliqa (ZIL)
Zilliqa is a blockchain platform capable of processing thousands of transactions per second, allowing it to compete with centralized payment systems. In order to achieve such a level of scalability, Zilliqa uses a technology called sharding, which establishes a linear relationship between network scalability and network size.
ZIL cryptocurrency is used to pay for gas fees or any other network activities in the Zilliqa network. Since these platforms (Ethereum-like) are becoming widespread, the ZIL token might become a very deliberate investment tool.
3. VeChain (VET)
VeChain (VET) is a blockchain platform made for operations with smart contracts and focused mainly on business applications – supply chains (tracking, quality control, inventory, etc.). In March 2021, VET cryptocurrency updated its all-time-high price at the $0.1478 mark. We want to remind you that at the beginning of the year, the coin cost only $0.019. So it’s a significant price growth that suggests thinking about replenishing your crypto portfolio with VeChain cryptocurrency.
4. Stellar (XLM)
Stellar platform is conceived as a universal tool for conducting financial transactions. With it, you can instantly make an exchange between fiat currencies, cryptocurrencies, tokens, and other assets. Stellar Lumens’ own cryptocurrency, XLM, serves as a kind of bridge between different assets that do not have direct markets.
Having been on the crypto market for over 6 years, Stellar cryptocurrency has won a place in the portfolios of many investors. In the last six months alone, the price of the XLM coin has grown from $0.08 to $0.6 and continues to grow right before our eyes. Isn’t this a reason to buy XLM right now?
5. Ravencoin (RVN)
Ravencoin is a blockchain-based peer-to-peer system for managing efficient asset creation and transfer. Ravencoin is a free and open-source platform. All RVN tokens are issued according to specific algorithms, mined publicly and transparently. There is no institution or individual distributing the funds. Ravencoin’s priorities are privacy, user safety, and resistance to economic censorship.
Although the cryptocurrency updated its highest price in February 2021 ($0.28), RVN remains a stable investment to attract additional income. The low price of the Ravencoin makes it possible to purchase it without any hesitation.
6. Hedera Hashgraph (HBAR)
Hedera Hashgraph is a truly revolutionary project that aims to create a qualitatively new technology that is an alternative to the ubiquitous classic blockchain format. It is based on the DAG technology, which allows you to record operations, not in a chain but in the form of a specific grid.
The main usage of the HBAR token is to ensure the operation of the project system. No one will launch a node and take advantage of the Hedera Hashgraph capabilities without having a cryptocurrency in their account. It is also used to pay transaction confirmation fees. In March 2021, the coin renewed its record high price at $0.4495 and still is gaining momentum.
7. Akropolis (AKRO)
Akropolis is an area-specific financial protocol designed for the needs of the bankless economy. It can be implemented on any blockchain with a Turing-complete virtual machine. In Akropolis, users are free to choose contract-based decentralized smart self-service or appoint a regulated custodian.
The AKRO token gives the right to vote on changes in the parameters of the pool – interest rate, bond curve parameters, loan collateral ratio, etc. The token is quite similar to Compound and MakerDAO. At the beginning of 2021, the AKRO token price began to grow and reached the all-time-high at $0.08. If you look at the AKRO chart, you will see a positive trend. So, maybe it’s the right time to invest in the Akropolis project?
8. Dogecoin (DOGE)
Dogecoin is an open-source cryptocurrency, completely decentralized and anonymous. The coin was created in 2013 by programmers Bill Marcus and Jackson Palmer. Dogecoin tries to distance itself from Bitcoin but is forked with some modifications.
2021 is a sudden uptrend for Dogecoin price. The reason is Elon Musk and his Twitter announcements that pushed DOGE coin #tothemoon. This year, the value of the meme asset itself has risen from $0.008 to 80 cents! They say that this is not the limit, and the coin can grow even more, possibly without the help of Mr. Elon Musk.
9. Algorand (ALGO)
Algorand is a blockchain that seeks to create a transparent system in which anyone can succeed through decentralized projects and applications. The Algorand Foundation assists developers in launching and developing the network. The main mission is to make a reliable and seamless economy a reality.
Instead, with the entire crypto market, the price of the Decentraland asset began to grow slowly. Since the beginning of 2021, the price of MANA has increased from $0.4 to $1.4. The chart shows us a positive trend. Maybe it’s time to buy some tokens?
10. Decentraland (MANA)
Decentraland is a decentralized marketplace deployed on the Ethereum blockchain platform. Each registered user, who can be either a regular user or a company, has the opportunity to purchase a plot or several plots of land in the virtual world for MANA tokens. Using the built-in 3D reality editor Builder, participants can create houses, factories, and stores to sell goods and services for project tokens, which can be purchased for cryptocurrencies or dollars.
At the beginning of 2021, the price of the MANA token began to gain momentum. It has grown from $0.08 to one dollar mark in just three months. Isn’t it impressive?
Best Cryptocurrency to Invest in – Q&A
We’ve chosen five most common questions regarding the theme and answered to it.
Which is the most profitable Cryptocurrency?
The answer to this question is quite obvious. We won’t hesitate to claim that Bitcoin is the most profitable cryptocurrency. Look at the rise in the price of Bitcoin at the end of 2020. Few believed that Bitcoin would return to its former heights. However, it was quite predictable for us that Bitcoin would continue to grow and eventually become the most promising cryptocurrency in history.
Which Crypto has the most potential?
If we consider the cryptocurrency other than Bitcoin, it might be Ethereum. In 2020, the project reached quite a lot of milestones and the developers won’t stop in the nearest future. The potential of Ethereum is endless. The ability to create projects based on the Ethereum blockchain allows ETH cryptocurrency to go beyond what has already been achieved.
What is the best penny Cryptocurrency to invest in?
We believe that the best penny-worth cryptocurrency you should buy is Cardano (ADA). The project is constantly developing and improving the product. Recently, the team announced the compatibility of the Cardano and Ethereum blockchain. Looks promising enough?
Which Cryptocurrency will explode in 2021?
According to the analysts, there are some crypto coins (that are actually users’ favorite) that can explode next year. They consider Ethereum, Polkadot, Chainlink, and Monero to grow. Bitcoin is among those crypto coins which will explode too.
Which Cryptocurrency is growing the fastest?
Bitcoin is still the world’s fastest growing cryptocurrency. However, there are some altcoins that showed us the impressive uptrend this year, among them YFI token, Chainlink, Polkadot, and Tezos crypto coins.
What are cryptocurrencies?
In fact, cryptocurrency is a program code, it does not have an offline version, and each coin is protected from fraud by a hash. All digital money exists only in the network space. Cryptocurrencies are decentralized, safe, and anonymous. Find out more about crypto basics in our guide.
What can you buy with cryptocurrency?
There is a wide variety of places where you can spend your Bitcoins and other crypto. More and more services offer to pay for their product with cryptocurrencies. Find out the list of services and products in our article.
What is the best penny cryptocurrency to invest in 2021?
We have already mentioned the ten best penny-worth cryptocurrencies to invest in this year. These are Dogecoin, Zilliqa, Nexo, VeChain, Stellar, Ravencoin, Hedera Hashgraph, Akropolis, Dogecoin, Algorand, and Decentraland. You should pay attention to the fact that the cryptocurrency market is highly volatile. Those coins that are valid at the time of this writing may become irrelevant in a few weeks.
Where and how to buy penny cryptocurrency?
When it comes to investing in cryptocurrencies, we advise you to take a closer look at the Changelly platform. Our service provides fast crypto purchase and easy-to-use design. In order to buy any penny cryptocurrency, select a corresponding one as well as crypto or fiat you want to exchange with. Follow the steps given by the platform and get the coins right to your wallet in a couple of minutes!