In which crypto currency should you invest in 2021?


 

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To invest in 2021, many products are available to you: financial investments, retirement savings, rental property investment ... but also crypto currencies. Even at high risk, virtual currency continues to appeal to investors who bet on a rising market capitalization in 2021. Bitcoin, Ethereum and other Ripples

 

Crypto currencies: in which assets to invest this year?

Besides the timeless Bitcoin , what are the crypto currencies in which to invest in 2021? To answer this question, it is interesting to look at the figures for the start of 2021 with regard to these digital currencies: 

The main crypto currencies

These are the essentials of the financial markets. Investing in cryptocurrency is to be ready to lose the sums wagered, it is a fact. The value of virtual currencies is extremely volatile , and can drop from year to month or day to day.

However, if you want to invest in cryptocurrencies for the long or short term, the less risky will be to turn to the market leaders

As a cryptocurrency, Bitcoin has already proven that it is perennial, and that its value should mechanically rise in the coming months. Indeed, from its creation, 21 million Bitcoins were planned, neither more nor less. But, every four years, the production - called mining - of BTC is reduced… by half! This inevitably leads to a difference between an ever-present demand and a declining supply, thus valuing Bitcoin .

Good news: May 2020 signs the new reduction in monetary creation of Bitcoin , called halving . Two previous changes have already taken place in 2012 and 2016, which resulted in a significant revaluation of this active crypto. Can history repeat itself?

On its heels is the E thereum (ETH). After a very 2019, the blockchain weak ethereum technology specific to this active crypto enabled the creation of Decentralized Finance: the financial products of the future innovate by relying on its system, which propels this crypto currency on the market. podium of essential assets. Could the prince dethrone the king?

► Ripple: the neutral agent of cryptocurrencies

Promising crypto currencies

Several rather promising cryptocurrencies have emerged in recent years: investing part of your capital in them is a bet that could prove profitable in 2021! We mainly retain the following:

  • Birdchain (BIRD): is based in the sharing economy. You earn from your engagement. Play games, complete task and get rewarded for it.
  • You can download Birdchain app here and you can also run ads on Birdchain platform here
  • Cosmos (ATOM) : working with technology blockchain network , it is still in the experimental stage, but is very promising from a technical point of view.
  • Stellar Lumens (XLM) : real-time transactions and international payments with minimal commissions.
  • Kleros (PNK) : this token assures you of a jury role in a decentralized tribunal, which allows you to take advantage of conflicting parties. 2021 should be the year of its explosion with expected integrations.
  • MakerDAO (MKR, DAI) : after three years of existence, the token has remained stable and counts on 2021 to multiply and become the main currency within the Ethereum system.

 

How to invest in cryptocurrency?

Where to buy cryptocurrency?

First of all, you will have to be careful if you decide to buy Bitcoin or any other virtual currency. Scams are legion on the net, and it will be imperative to go to official and recognized platforms to invest in virtual currency. Find below the most platforms popular and secure to buy cryptocurrency: 

How to buy active crypto?

Before embarking on the purchase of virtual currencies, it will be more than important to get information first. What cryptocurrency should you invest in in 2019 and 2020? What are the best investment strategies? What is the price of different crypto currencies ?

Do not hesitate to read, question and reason to have a better overview of the volatile market that is the cryptocurrency.

In general, you can follow the following method to become the proud owner of a cryptocurrency token:

  • Choose from secure platforms . Visit forums or social networks to learn more about them. Also find out about the payment methods available on each platform.
  • Create an account online with an ID document.
  • Once your account is active, you can then deposit money in a digital wallet which you will then use to store your active crypto. Bank transfers, PayPal or even prepaid cards can be accepted depending on the platform chosen.
  • Buy the crypto currency of your choice among those offered by the platform.

What you do with these crypto assets once in your possession is up to you: some prefer the strategy hold , which consists in letting your assets grow over the long term. Others opt for trading , where they buy and sell very quickly by indexing themselves to fluctuations in the value of the chosen cryptocurrencies. 

Frequently Asked Questions

🤔 How does a cryptocurrency increase in value?

The value of cryptocurrency is based on several factors that define its long-term profitability . First, the degree of confidence in the currency contributes to the value of the latter. The number of people who use it and invest in it greatly influences its evolution.

Another important parameter is the way in which the cryptocurrency manages to penetrate into the real economy . Users must be able to use their currency to be seduced by it. The speculation and scarcity of crypto also help to give it value.

🤷 How to use cryptocurrency?

You can use your cryptocurrency to bet on another currency of the same type if you want to invest in multiple cryptocurrencies. It is also possible to make purchases on merchant sites offering cryptocurrency as a method of payment.

🤷 Where to buy Bitcoin in cash?

You have the possibility to buy Bitcoins cash using by contacting a Bitcoin seller in your region, by purchasing a prepaid card from a tobacconist or by making a money order on account.

🤷 Where to buy cryptocurrency?

There are several online platforms where you can buy cryptocurrency . All you need to do is choose one, register and make a deposit of money by bank transfer or via your Paypal account. Then you can invest in the cryptocurrency of your choice. 

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