What’s the best blockchain in 2021 to purchase?

The year 2020 was one of the most challenging for the global economy and traditional financial system. With a massive global pandemic, lockdowns and a fear of a global recession, more and more institutional investors fled towards cryptocurrencies as a possible alternative to traditional financial assets, or a hedge against the major economic threats.

So 2021 seems perfect for further cryptocurrency adoption and a massive change in the existing financial system. Broader adoption is a key point for crypto to open its full potential as an asset class.

Blockchain technology is widely considered transformational like the Internet, machine learning and electricity. There is no doubt that big institutions will finally adopt it. The question is when, not if.

In 2020, a number of reputable financial institutions have already recognised the potential of crypto: JP Morgan started banking Coinbase and Gemini; Visa and Mastercard provided services to crypto companies; PayPal launched a new service, enabling users to buy, sell and hold cryptocurrencies; Fidelity started a new Bitcoin index fund, which appears to be the wall Street’s latest play for high-dollar institutional crypto bets.

To exchange Ethereum, visit: bitcoin to euro

Who will be next? Time will tell. But 2021 is definitely going to be an exciting year for all crypto traders.

Having outlined bright crypto perspectives in conquering the attention of the general public, let’s answer the question: what are the top ten cryptocurrencies to invest in 2021?

Top Five Blockchain in 2021 to Purchase

1. Best cryptocurrency to invest in 2021: Bitcoin

New cryptocurrencies come and go, but Bitcoin never goes out of fashion. By the end of November 2020, Bitcoin surprised everyone and hit its new all-time high of $19,857, extending its year-to-date gain to 177 per cent.

Will the rally continue in 2021? Analysts share unanimously strong views on the Bitcoin future within the next 12 months and beyond, predicting incredible $100,000, $170,000 and even $318,000 price targets for BTC.

Among the major Bitcoin price drivers in 2021 we can define the growing institutional demand, rising inflation and increasingly negative perception of contemporary monetary policy. All these force individual investors and institutions to look for alternative options to protect the value of their capital. Cryptocurrencies, led by Bitcoin, seem to be a perfect solution.

2. The king of DeFi: Ethereum

The cryptocurrency predictions 2021 can’t but mention the most promising cryptocurrency, Ethereum, which also showed great performance during the challenging 2020.

In December 2020, the second-largest cryptocurrency after Bitcoin, Ethereum has a market capitalisation of $68,127bn. The cryptocurrency started the year trading around $125 and climbed up to around $600, which is a 380 per cent surge within a period of 12 months.

Why is Ethereum considered the best crypto to invest in? Ethereum open source blockchain network has always served as a preferred network for decentralised applications (dApps). In addition to its native cryptocurrency, Ether (ETH), the platform supports other crypto platforms such as Uniswap (UNI), Maker (MKR) and Aave (AAVE), which are active in the Decentralised Finance sector.

3. Ripple: new payment ecosystem

Ripple was created as an alternative financial payments system with the aim to transform and facilitate cross-border payments, making them 100 per cent safe, almost free and instant.

Back in early Ripple days in 2013, the platform got attention from many financial institutions. Years later it was adopted by more than 100 financial institutions. In 2020 The Ripple blockchain has expanded to more than 300 providers across 40 countries, including Banco Santander (SAN) and American Express (AXP), JP Morgan (JPM) and HSBC Holdings (HSBA).

4. Litecoin: fast and affordable

At the moment of writing Litecoin is fluctuating around $87, which makes it pretty affordable. The LTC market capitalisation is $5,792bn. The cryptocurrency can boast one of the lowest times required for mining and a high block reward of 25 LTC.

Although we can’t call Litecoin the best performing cryptocurrency of the year, it has never left the top 10 most popular cryptocurrencies and 2021 is not going to be an exception.

The launch of the first decentralised Litecoin-based RPG fantasy game LiteBringer, where each players’ move is a transaction, brought benefit for the whole blockchain. Litecoin transactions skyrocketed on the news, exceeding 130,000 right after the game’s launch.

5 TRON: transforming the altcoin market

Originally launched on the Ethereum network, TRON peer-to-peer network was aiming to revolutionise the entertainment industry and democratise content creation. The team has numerous high-profile partnerships, including Samsung, bike-sharing company oBike, Chinese search engine Baidu, and Baofeng, the so-called Chinese Netflix.

TRON ecosystem works as a content-sharing platform. Users, who create or share content get rewarded with TRX, which serves as a more transparent monetisation system than those used by traditional social media networks. It also does not require a middleman, such as AppStore or GooglePlay.