The most popular cryptocurrencies 2021 for earning and investing
There's no doubt that cryptocurrencies are now one of the most attractive assets for making money.
No matter how long this form of money lasts, you can make money buying and selling them today and now.
The only thing left to do is figure out where to focus your attention, as jumping between different assets can lead to disappointing results, and not all altcoins are suitable for trading effectively.
Let's try to figure out which are the most popular and liquid cryptocurrencies suitable for making money in 2021.
Currently, there are several favorites that can be traded for a lot, or even a lot, of profit.
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 cryptocurrency brokersIn the trading platform, it is designated as BTC/USD or BTC/EUR.
Bitcoin Cash:
An equally popular cryptocurrency, although it has a significantly smaller market capitalization than its predecessor, it correlates well with its older brother. It can be found under the name BCH/USD.
Ethereum
is also among the most popular cryptocurrencies in 2021, ranking a respectable third and is available on all exchanges and in virtually all trading software. Its currency pair is ETH/USD.
Litecoin
has long been a favorite among traders. Its algorithm is very similar to Bitcoin's, which is perhaps why it attracts investors. The currency pair used is LTC/USD, but options with the euro as the quote currency are also available.
Ripple
. Rounding out the top five is the still-popular Ripple. Despite lawsuits and scandals, this cryptocurrency has maintained its position and remains one of the most liquid. The primary trading pair is XRP/USD.
Why should you use the most popular cryptocurrencies of 2021 to make money?
There are quite a few arguments why you should focus your attention on the assets listed above:
- Low fees compared to less liquid instruments.
- Availability in most of the professional trading platforms.
- Presence in multi-cryptocurrency wallets.
- Availability of a large amount of news and forecasts.
In conclusion, I'd like to point out that the assets listed are recommended for speculative trading, not investment.
BTCUSD, ETHUSD, LTCUSD, XBNUSD, and XRPUSD can be profitable by opening short-term trades using leverage, but for long-term investments, other virtual currency options are better.
