The most popular cryptocurrencies 2021 for earning and investing
There is no doubt that cryptocurrencies are now one of the most interesting assets for anyone to earn money from.
It doesn’t matter how long this type of money will last, but you can make money by buying and selling it today and now.
The only thing that remains is to figure out what to focus your attention on, because rushing between different assets can lead to disappointing results, and not all altcoins allow you to work with them effectively.
Let's try to find out which of the most popular and liquid cryptocurrencies are suitable for making money in 2021.
At the moment, there are several favorites, trading which you can earn a lot, but a lot.
Bitcoin
It is clear that this asset is the leader in popularity in 2021 and has enormous liquidity, which means that it can be traded not only on any specialized exchange, but also on cryptocurrency brokers. In the trading platform it is designated as BTC/USD or BTC/EUR.
Bitcoin Cash
An equally popular cryptocurrency, although it has an incomparably smaller capitalization than its predecessor, correlates well with its older brother. It can be found under the name BCH/USD.
Ethereum Ethereum
can also be considered one of the most popular cryptocurrencies in 2021; it is in honorable third place and is present on all exchanges and in almost all trading programs. The currency pair is ETH/USD.
Litecoin
This asset has long been loved by traders; in its algorithm, Litecoin is very similar to the Bitcoin algorithm, which is why it attracts investors. LTC/USD is used as a currency pair; there may also be options with the euro as the quoted currency.
Ripple
Well, the still popular Ripple closes the top five. Despite lawsuits and scandals, this cryptocurrency is not losing its position and remains one of the most liquid. The main trading is carried out on the XRP/USD pair.
Why should you use the most popular cryptocurrencies in 2021 to make money?
You can give quite a few arguments why you need to focus your attention on the listed assets:
- Low commissions in contrast to less liquid instruments.
- Available on most professional trading platforms.
- Presence in multi-cryptocurrency wallets.
- Availability of a large amount of news and forecasts.
In conclusion, I would like to note that the listed assets are recommended specifically for speculative trading, and not for investment.
You can make good money on BTCUSD, ETHUSD, LTCUSD, XBNUSD, XRPUSD by opening short-term transactions using leverage, but for long-term investments it is better to use other virtual money options.