Four Best Cryptocurrencies to Buy in 2021

Four best crypto

As of now, there are at least 11,000 crypto projects listed on CoinMarketCap. Probably the total number may be twice this statistic. Due to the private nature of the crypto stratosphere, projects gain mileage after their native assets test new price milestones. Whatever the case may be, 11,000 coins is a lot. So, what is the best cryptocurrency to buy in 2021? In this article, we will share its 5 best cryptocurrencies to invest in for a strong, diversified portfolio. If you are a beginner or an experienced investor looking for the next big cryptocurrency that will bring you enormous gains, or for which altcoins to buy for proper portfolio diversification, you should follow this feature article keenly.

1. Binance Coin (BNB)

Binance Coin is a utility token that can be used across the Binance ecosystem to reduce trading fees. It also offers an alternative way for users of their exchange app and website, who primarily use it for cryptocurrencies like Bitcoin or Ethereum, in which case they would have paid no fee at all using only this crypto coin.

  • Team: Chanpeng Zhao is the Chief Executive Officer (CEO) of Binance, a project he founded in 2017.
  • Liquidity: Due to the extensive usage of BNB across the Binance exchange and its listing on several exchanges, the cryptocurrency is one of the few coins which see billions in volume. To be more specific, BNB has recorded at least $1.8 billion as the daily trading volume in September 2021.
  • Price Volatility: BNB is highly volatile. It is one of the altcoins that has gained much from the crypto boom of 2021 as well as one of the tokens that were hit hardest by the new high lows experienced towards the beginning of the bearish cycle in May 2021. BNB opened at $37.37 on 1st January 2021, reached a new all-time high of $690.93 on 10th May 2021, and tested a new high low on 30th May 2021. Though extremely unpredictable, BNB has still returned 1,748% year-to-date (YTD) for investors.
  • Crypto Economics: Binance Smart Chain launched on 1st September 2020 and can process approximately 1.4 million orders per second. As of 7th September 2021, BNB is the only digital asset that has the same circulating, total, and maximum supply of 168,137,036. 

2. Shiba Inu Coin (SHIB)

Shiba Inu Coin is a new meme-inspired cryptocurrency that has drawn attention to its protocol ShibaInu. Modeled after Dogecoin, it goes one step further by using the features of Ethereum and triggers smart contracts on their blockchain which grants access for developers in creating decentralized exchanges or “Shibaswaps” like we have seen recently launched.

Shiba Inu provide an alternative way of paying for goods and services, as well help their fans (users) get closer to decentralized finance with non-fungible tokens.

  • Team: Shiba Inu project was created by an individual or group of persons who go by the pseudonym, RYOSHI. The Shiba Inu Community as one of the most vibrant groups in the space is also behind it.
  • Liquidity: SHIB has been a tradable token for 13 months. It was worthless in its first 6 months. As of September 2021, SHIB is one of the highly traded meme-inspired tokens, second only to Dogecoin. Since 1st September 2021, SHIB has recorded at least $260 million as daily trading volume.
  • Price Volatility: SHIB is one of the coins that is impossible to predict. It has brought gains to some and huge losses to others.
  • Crypto Economics: The current circulating supply of SHIB stands at 394 trillion from a total of 1 quadrillion. 50% of the total supply was made available on the Uniswap while the remaining 50% has been burnt by Vitalik Buterin. Overall, more than 20% of SHIBs are still available in the market.

3. Polygon (MATIC)

Polygons are the tokens of a new blockchain-based network that aims to solve scalability problems. Polygon’s layer 2 scaling solution means it can stimulate mass adoption by providing an easier way for people who don’t know much about cryptocurrency or blockchains but want access, security and stability in their lives without having exchange headaches.

  • Team: Polygon was founded in October 2017 by Sandeep Naiiwal, Jaynti Kanani, and Anurag Arjun. Aside from them, the team comprises members from the Ethereum Foundation, Coinbase, EthHub, Bankless, and ConSenSys.
  • Liquidity: As a token, MATIC is used in staking, paying for transaction fees, and governance of the Polygon network. MATIC continues to see huge investor interest which is evident in the $1 billion average volumes being seen on cryptocurrency exchanges daily.
  • Price Volatility: MATIC is among the cryptocurrencies that do not experience huge spikes in drops or gains. The cryptocurrency has maintained a certain price range which is healthy for its traders and investors.
  • Crypto Economics: There are 6.65 billion MATIC in circulation from a total supply of 10 billion MATIC.

4. Basic Attention Token (BAT)

Basic Attention Token represented by BAT on exchanges is a token used to tip users for their attention while providing advertisers with a better return of their ad spend. It is a token that is mostly utilized by fans of the Brave Browser.

  • Team: Brendan Elch and Brian Bondy founded BAT in 2017. They have been involved in numerous projects such as Brave Browser and Mozilla.
  • Liquidity: Although BAT doesn’t see volume in the likes of BTC, ETH, ADA, and DOGE, investor interest in the asset continues to be very high. Since 1st September 2017, BAT has seen a minimum of $275 million as daily trading volume. This signals investor confidence in the asset.
  • Price Volatility: As a digital token, BAT has not been able to wane off the unpredictability of crypto tokens. BAT reached an all-time high of $1.65 on 9th April and 5 months later; it’s trading for less than 52.30% of its ATH.
  • Crypto Economics: 99% represented by 1.49 billion are circulating in the market from a total and maximum supply of 1.5 billion.

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