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8 Best Cryptocurrencies To Invest In End Of 2021

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Isac Oliveira

Cryptocurrency is a form of digital money that is not controlled by a central authority such as the government. It is instead based on blockchain technology, with Bitcoin being the most widely used. As the use of digital money grows on Wall Street, more possibilities become accessible. Currently, there are over 5,000 cryptocurrencies on the market.

While bitcoin can be used to make purchases, most people consider it to be a long-term investment. However, because cryptocurrency is volatile, it’s crucial to understand what you’re getting into before investing. The top eight cryptocurrencies worth investing in 2021 are listed below.

1. Bitcoin (BTC)

Bitcoin has the longest history of any cryptocurrency. With a far larger price, market valuation, and volume than any other investment option, it’s clear to see why it’s the top. Despite the fact that there are thousands of different cryptocurrencies on the market, Bitcoin still accounts for over 43% of the total cryptocurrency market capitalization.

Bitcoin is already accepted by a large number of businesses, making it a wise investment. Bitcoin is accepted by Visa, for example. Furthermore, Tesla revealed in February that it had invested $1.5 billion in it, and it accepted it as payment for its cars for a time — and it may do so again shortly. In addition, major banks are beginning to include Bitcoin transactions in their services.

→Click Here To Read How To Get Rich With Crypto ←

Risks of Investing In Bitcoin

Bitcoin’s value is notoriously volatile. During any given month, the price could fluctuate by thousands of dollars. If you’re worried about dramatic changes like these, you might want to stay away from Bitcoin. Otherwise, these changes shouldn’t be too alarming as long as you remember that bitcoin could be a good long-term investment.

Another reason to think twice about investing in Bitcoin is its high cost. Most people can’t afford to acquire full Bitcoins because they cost more than $51,000 each. This is a drawback for investors who want to avoid buying a portion of a Bitcoin.

2. Ethereum (ETH)

Ethereum differs from Bitcoin in that it isn’t just a digital currency. It’s also a network that allows developers to use the Ethereum network to build their own coins. While Ethereum is far behind Bitcoin in terms of value, it is also considerably ahead of its rivals.

Despite the fact that it was released years after certain other cryptocurrencies, it has significantly outperformed its market position due to its unique technology.

Risks of Investing In Ethereum

While Ethereum makes use of blockchain technology, there is only one “channel” for transactions. When the network is overcrowded, this can cause transactions to take longer to process.

In 2016, a cyberattack exploiting a security hole resulted in the loss of more than $50 million in Ether.

3. Binance Coin (BNB)

Binance Coin is one of the few cryptocurrencies that has surpassed its 2017 high. There was a bull market throughout that year, and the prices of all cryptocurrencies soared along with it, reaching a peak before plateauing and declining in value.

Unlike other cryptocurrencies, Binance Coin has maintained a modest but steady upward trend since 2017. Binance Coin has shown to be one of the more dependable investment options with lower risks due to its performance.

Risks of Investing In Binance Coin

The fact that Binance Coin was founded by a company rather than a bunch of software developers sets it distinct from its competitors. Many critics have been won over by Binance Coin’s commitment to maintaining a strong blockchain, but some investors are still wary of this cryptocurrency and its possible security risks.

4. Cardano (ADA)

For numerous reasons, the Cardano network has a smaller footprint, which appeals to investors. Cardano requires less energy to conduct a transaction than a larger network like Bitcoin. As a result, transactions are both speedier and less expensive.

It asserts that it is more adaptive and secure. To keep ahead of hackers, Cardano is constantly improving its development.

Risks of Investing In Cardano

Cardano may not be able to compete with larger cryptocurrencies even with a better network. Fewer developers means fewer adopters. Most investors want to see a high adoption rate, thus this isn’t tempting to them. The platform has enormous ambitions, but there are concerns about whether it will be able to realize them.

5. XRP (XRP)

XRP was developed by the founders of Ripple, a digital payment processing startup. It functions as a cryptocurrency PayPal, allowing for exchanges of both crypto and fiat currencies.

Ripple is significantly investing in non-fungible token developments that leverage the public blockchain XRP Ledger. According to Inside Bitcoins, this investment shows Ripple is presenting itself as another “Ethereum killer.”

Risks of Investing In XRP

The Securities and Exchange Commission filed a complaint against Ripple and two of its executives in December 2020, alleging that they raised over $1 billion through an unregistered digital asset securities offering, in violation of the Securities Act of 1933. The suggestion that XRP is a security rather than a currency could have ramifications not only for XRP but also for other cryptos.

6. Dogecoin (DOGE)

Dogecoin began as a witty meme picturing a Shiba Inu dog, but it’s no longer a joke. Elon Musk and Mark Cuban are investors, with Musk describing Dogecoin as one of his “three important assets” in addition to his company, according to Fox Business.

Risks of Investing In Dogecoin

Dogecoin prices have proven to be extremely susceptible to both positive and negative excitement. For example, during Musk’s May appearance on “Saturday Night Live,” when he referred to the coin as a “hustle,” the coin dropped. There is no limit to how much Dogecoin may be mined, unlike Bitcoin, which has a finite quantity.

7. Polkadot (DOT)

Polkadot was founded by Ethereum leaders who split out to build their own coin with a more advanced network. Polkadot offers numerous “lanes” to conduct transactions in, rather than just one.

This cryptocurrency was created to reward real investors while weeding out those who are only interested in making quick money. Investors that participate in the platform also assist in the decision-making process on issues such as:

  • Fees for network improvements
  • Creating or dismantling parachains

Risks of Investing In Polkadot

Polkadot was first announced in a white paper by Gavin Wood, the company’s founder, in 2016. It was first released in the year 2020. Due to its limited existence, Polkadot lacks a track record for comparison, making it a risky investment for potential buyers.

8. Chainlink (LINK)

Investors are drawn to Chainlink for a variety of reasons, including its low cost. It has also shown that its worth can rise, and there is still a lot of space for expansion.

Chainlink can also be purchased on Coinbase, one of the major cryptocurrency exchanges in the world. Chainlink is more interesting to investors since it is more accessible.

Risks of Investing In Chainlink

While it ranks higher than thousands of other cryptocurrencies, it has lower volume and market capitalization than more enticing cryptocurrencies.

Conclusion

Cryptocurrencies are here to stay, there’s no doubt about that. The question then becomes, where is the finest spot in the market to invest your money?

Here are some other points to consider as you decide which cryptocurrency is the best investment for you:

  • The time it takes for a transaction to be executed.
  • Transaction fees are the costs associated with completing a transaction.
  • The ability to make regular transactions and bank transfers with your cryptocurrency

If you’re only interested in investing and not transacting on the network, keep in mind that bitcoin isn’t a get-rich-quick scheme. Instead, think of it as a long-term investment.

→Click Here To Read How To Get Rich With Crypto ←

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Source: https://medium.com/@crypto_forex/8-best-cryptocurrencies-to-invest-in-end-of-2021-b3898b83789c?source=rss——cryptocurrency-5

Blockchain

MATIC Price Analysis: Weekly and 4 Hr Chart Analyses Reveals Buy Signal for Polygon

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Polygon recently set a new record for highest bounty paid in DeFi. The team at Polygon paid a two million US dollar worth of bounty to Gerhard Wagner, a white hat hacker who discovered a crucial vulnerability that had put around 850 million US dollars’ worth of capital at risk.

So what type of vulnerability could this be? Well, it’s a double-spend bug, a type of bug that could have tuned catastrophic for the Polygon ecosystem.

Bullish/Bearish Scenario

  • The bear-trap candlestick formation on the weekly time frame, alongside the buildup of bullish divergence on the 4HR time frame, shows that the bulls are back in control.
  • A breakdown of the 1.152 support implies a bearish takeover.

Important Weekly Polygon (MATIC) Announcements

  • Immunefi, a bug bounty, and security platform acknowledged that the bounty is the highest that has been paid in decentralized finance [DeFi].
  • Another exciting announcement in the Polygon ecosystem is the PECO-Polygon Ecosystem Index, which makes it possible for participants to bet on the performance of Polygon [MATIC] projects. The PECO Index is a single token that captures the best native projects on @xPolygon.

Without any further delay, Let’s analyze the MATICUSDT price chart.

Polygon (MATIC) Price Analysis:  MATICUSDT Weekly Chart 

Following the path of most top altcoins in the cryptocurrency market, the MATICUSDT triggers a bear-trap candlestick formation while trading within a rising and expanding wedge.

Although the crypto pair still trades below its all-time high, higher RSI readings above level-25 tell us that we are still in an uptrend and we may soon see a surge in demand for the MATIC token.

Polygon (MATIC) Price Analysis:  MATICUSDT Daily Chart 

A recent regular bearish divergence on the daily chart above shows that we may soon see a slowing and possible correction of current gains.

Failure of RSI values to breach below level-25 would suggest a continuation of the current uptrend.

Polygon (MATIC) Price Analysis:  MATICUSDT 4 Hr Chart 

As the RSI prints higher values above level-25 on the daily time frame, the 4HR time frame confirms entry into the uptrend with an exit of the oversold area [level-25] with the recent entry of oversold at press time.

Regular and hidden bullish divergence setups are instrumental for the previous trend reversal and current trend continuation we see on the above intraday chart.

An impending hidden bullish divergence at press time may be sufficient for the bulls to find a price floor above the 1.491 support and restore the MATIC price into new highs.

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Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Source: https://coingape.com/polygon-matic-price-analysis-intraday-hidden-bullish-divergence-signals-trend-continuation-for-maticusdt/

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Blockchain

Harmony’s ONE Token Targets $1 After Breaking All-Time High

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The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

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Source: https://cryptobriefing.com/harmonys-one-token-targets-1-after-breaking-all-time-high/?utm_source=main_feed&utm_medium=rss

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Blockchain

NEAR Announces $800M in Development Grants

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The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

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Source: https://cryptobriefing.com/near-announces-800m-in-development-grants/?utm_source=main_feed&utm_medium=rss

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