Top Performing Cryptos in 2021
Top Performing Cryptos in 2021: We’ve spent some time and effort researching the most recent developments in crypto and blockchain.
To identify which ones have the staying potential as short- and long-term investments.
Unlike most copy-and-paste “best cryptocurrencies to invest in” lists that appear to be everywhere these days.
Why Should You Invest in Cryptocurrencies?
- Apple, Google, Tesla, Samsung, Facebook, PayPal, Deutsche Bank, and many other well-known companies have recently included cryptocurrency in their long-term business goals.
- Cryptocurrency has evolved from a specialized digital asset to something widely used across many societal segments for several reasons.
Best Cryptocurrencies to Invest in This Year
The best cryptocurrencies to invest your dollars or other fiat currencies in for the upcoming year are listed below.
Ethereum Virtual Machine (EVM) Chains
- Even for specialists, the details of Ethereum Virtual Machines can be pretty obscure.
- Therefore, even if we don’t have the space to get into them in this post (it’s best to look to Ethereum’s description of EVMs), a brief explanation is necessary.
- The phrase interoperability is crucial here.
Binance Coin (BNB)
- Binance is the world’s biggest and most well-known cryptocurrency exchange, with $76 billion in daily trading activity, 600+ coins to pick from.
- 90 million registered users, and some of the lowest transaction costs. Binance’s BNB, which was initially an ERC-20 token on the Ethereum blockchain.
- Is now issued on Binance’s blockchain and is used to pay transaction fees for financial services, entertainment and internet services, and even travel arrangements.
- Polygon provides impressive stats for people interested in scaling Ethereum/Web3 projects.
- Polygon claims to have 130 million wallets, 1.3 billion recorded transactions, and just under 3 million active monthly users on its website.
- The Polygon ecosystem uses its native token, MATIC, an ERC-20 token, for governance and payment settlement.
- Fantom is an open-source innovative contract platform for digital assets and apps that is quick and high-throughput (or decentralized applications).
- On Fantom, 200+ dApps have already been deployed, including DEXes, cross-chain bridges, lending and borrowing services, yield optimizers.
- And NFT platforms, tools, and wallets, according to the company’s website.
- If you’re searching for the blockchain industry’s quickest intelligent contracts platform, look
- Just look to Avalanche. Avalanche is seen as one of Ethereum’s critical competitors along with Cardano and Solana, but the former has lost a lot of ground in this regard.
Best Crypto for Privacy, Scalability.
Moving away from EVM compatibility, we’re going to expand our list of the top cryptocurrencies for 2022 to cover a wide range of use cases, from privacy and scalability to interoperability and digital advertising.
Monero (XMR) and Privacy
- Monero was established in 2014 and prided itself on a secret, decentralized cryptocurrency shielding money from prying eyes.
- Monero uses many privacy-enhancing technologies, such as RingCT, Stealth Addresses, Ring Signatures, Transactions via Tor/I2P, and Dandelion++.
- Using the proof-of-work (PoW) method RandomX, which is an ASIC-resistant and CPU-friendly algorithm.
Ripple (XRP/ XRP Ledger) and Scalability
- The US Securities and Conversation Commission (SEC), which regards XRP tokens as unregistered securities, has been after Ripple Labs since 2020.
- It is clear why Ripple is on the US government’s attack list from a quick check at their website.
- They seek to offer quicker, more transparent, and more affordable alternatives than traditional financial services by utilizing cryptocurrencies and blockchain technology.
- Disruptors always have a remarkable knack for grabbing attention.
Polkadot (DOT) and Interoperability
- As the number of DeFi and NFT-driven apps rises (i.e., there are more protocols and chains), blockchain interoperability is becoming increasingly frustrating for developers.
- It is where Polkadot hopes to make a difference.
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