Ethereum has reached a turning point this week with a surprising increase in value. Is this the beginning of a new trend? Will Ethereum finally rival up to bitcoin, and what other crypto currencies are also making wavelengths? Top Brokers Trade brings you the inside scoop.
Top Brokers Trade weighs in on the best cryptocurrency following the news of the sudden surge in the value of Ethereum and Bitcoin, with the former breaking records; reaching a new milestone of over $3500. Ethereum enthusiasts are expected to rejoice, with more of the big crypto game players wanting to solely invest in this coin.
Owing to crypto’s revival, everyone wants to jump on the crypto wagon and have their own slice of profits. Bitcoin is considered the “mother” of all cryptocurrencies and is the leader of the pack. But, did you know that it doesn’t stop just there? You’d be surprised but there’s over 4000 cryptocurrencies circulating right now. Each, being unique and bringing something different to the table.
Recently, many investors ( newbies and even experts) have been left with a lot of question marks- the main question being “ What is the best cryptocurrency to invest in?”. With a choice of so many potential profit makers, how do you know what’s the best cryptocurrency to buy right now? And what’s the best trading platform to invest your money?
Our experts have closely followed the best cryptocurrency 2020 trends, and with this year being a good start, they have accumulated enough data to analyze what crypto currency worth the risk. With regards to why the crypto exchange world has peeked it’s head above the water this year, one expert explains “ thanks to Covid, the vast majority of people have been homebound, and that means not spending money on day-to-day activities such as bars, restaurants, movies, and even holidays. This has left many people with a big chunk of money in their bank accounts. Many of my clients are looking to invest their money in cryptocurrency and I think it’s a brilliant idea”.
If you’re looking for the best cryptocurrency to buy, it’s really not a case of playing a game of eenie, meenie, money mo. There’s a story behind each crypto currency, and once you do a little research and check the trends of what the experts are saying, then you are already at a good start. So, here’s a list of the best crypto currency to buy, as analyzed by our panel of experts.
Cardano ($ADA)
This is the best cryptocurrency to buy right now. Why? Because they’re about to introduce smart contract functionality. Giving developers the opportunity to create their own decentralized applications It’s also recently reached a milestone- $1.49 in February 2021. Their market cap is around $40 Billion. Cardano first made its debut in 2015, it has experienced some ups and downs but analysts suggest that just by looking at the numbers, it could reach around $2 by the end of 2021.
Ripple (XRP)
This one’s one of the older crypto currencies and those who have traded prior to 2020, will most probably know Ripple to be a household brand. The best cryptocurrency exchanges offer this currency and while it’s had its ups and downs too, it is a promising crypto currency and one of our front runners for 2021. Firstly, it does not cost much and while it’s a crypto currency, it’s also a digital paying token which is not mined like Bitcoin and Ethereum- giving it a unique advantage that stands out from the crowds. While it lost it’s value at the beginning of 2020, it has defied all odds but an increasing crypto value. It seems to have a fruitful increase this year, too. As predicted by crypto experts. It’s safe to say this is the best cryptocurrency to invest in now.
Bitcoin Cash ($BCH)
So a lot of investors have dubbed this cryptocurrency as a knock-off of bitcoin. But the numbers show otherwise. It was released in 2017 with the aim of providing more transactions to a single block. As with other currencies, while it has had it’s ups and downs, a recent announcement from Rakutan, Japan’s largest e-commerce platform making $14 Billion in revenue, will most likely give BCH a good, upward push. Japanese consumers will now be able to purchase goods with cryptocurrency and BCH is one of them.
Ethereum ($ETH)
Those who follow the cryptocurrency news closely will understand that Etjhereum is the second most preferred cryptocurrency. It is the most influential and has, in recent weeks, seen a positive trend. From around $350 last year, it reached it’s all-time high of around $3100 in recent days. Our experts suggest this is the best cryptocurrency to invest in now, and it’s evident see why. It’s 2021 trend is looking positive, to say the least.
Bitcoin ($BTC)
Many traders have a love/hate relationship with the most popular coin on the market. But the proof is in the pudding with this one; it’s the mother bee and what happens to this coin ultimately dictates the rise or fall for the rest. While it’s proven to be volatile in some instances, it still leads the pack and has turned the crypto world to what it is today. Apart from that, major outlets and online retailers have started accepting bitcoin as a form of payment. Earlier this year, Bitcoin traders saw a big jump when both Paypal announced they are now accepting the major cryptocurrency and Elon Musk accepting Bitcoin for his Tesla models. This for us, is definitely the best cryptocurrency to invest in 2021, it had a good start and experts can see it reaching new heights.
Ok, so you’ve done your homework and now you want to invest. But how? And what is the best cryptocurrency platform that offers the best cryptocurrency exchanges?
There are many cryptocurrency exchanges on the internet, some are popular but take a huge profit off your earnings and some are highly trusted that only take a minimal fee. Here is a breakdown the most popular exchanges and platforms to trade for you, so you don’t have to go scouring the internet:
- •Etoro. Min deposit: $200, Spreads: BTC <1%, ETH 2%. Coins: BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA, MIOTA, XLM, EOS, NEO, ZEC, BNB. Click here to learn more
- •VideForex. Min Deposit: $250.Spread: Floating. Coins: BTC, ZEC, XRP, XMR, SAN, OMG, LTC, IOT, ETH, ETC, EOS, DSH, BCH. Click here to learn more
- •Avatrade. Min Deposit: $100. Spread: BTC 1% ETH 2%. Coins: BCH, BTC, BTG, ETH, LTC, XRP, EOS, DASH. Click here to learn more
- •Iqoption (Clients from the US are not allowed). Min Deposit: $10 Spreads: BTC 7%, ETH 12% (Var) Crypto Coins: BTC, TRX, XRP, BCH, ETH, EOS, OMG, ETC, QTUM, ZEC, LTC, DASH. Click here to learn more
| Crypto Exchange | Etoro | Videforex | Avatrade | IQ Option |
| Minimum Deposit | $200 | $250 | $100 | $10 |
| Spread | BTC <1%, ETH 2% | Floating | BTC 1% ETH 2% | BTC 7%, ETH 12% (Var) |
| Coins | BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA, MIOTA, XLM, EOS, NEO, ZEC, BNB | BTC, ZEC, XRP, XMR, SAN, OMG, LTC, IOT, ETH, ETC, EOS, DSH, BCH | BCH, BTC, BTG, ETH, LTC, XRP, EOS, DASH | BTC, TRX, XRP, BCH, ETH, EOS, OMG, ETC, QTUM, ZEC, LTC, DASH |
| Islamic Account | Yes | No | Yes | Yes |
The beauty of the crypto world is that you decide on a budget, ( when exchanges give you a minimum fee) and you also decide at any given day or time, when to buy or sell. There’s so much to learn and so much profit to make. Happy trading!
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