Despite the high volatility of the crypto market, global crypto ownership rates are steadily increasing. Numbers show that as of 2021, there are about 300 million crypto users worldwide, with the most number of users coming from the USA, India, Nigeria, Vietnam, and the United Kingdom.
If you’re primarily using cryptocurrencies as an investment asset, it’s important that you take the steps to safeguard what you own. Aside from having a secure wallet and internet, you should also try to diversify your crypto investments. A post on finance resource Data Driven Investor highlights how you can’t rely on a single cryptocurrency to provide good returns. With that said, we’ve listed below some of the best cryptocurrencies you should consider investing in this year.
Lucky Block is a crypto-lottery platform that uses Binance’s Smart Chain technology. Its primary goal is to improve on and elevate traditional lottery draws using blockchain technology. Holding Lucky Block’s token, LBLOCK, can be a great source of huge returns over time, especially since the developers have a lot of benefits in store for investors. For instance, 10% of the jackpot will be given back to token holders as a reward. Moreover, LBLOCK holders who use a crypto wallet connected to the Lucky Block application will directly gain rewards that act as the company’s dividends.
EOS is being touted as the Ethereum killer due to its extremely scalable and flexible mechanism. The technology behind it can process 100,000 transactions per second, a far cry from Ethereum’s measly 15 transactions per second. Because it can process a significantly higher number of transactions per second, EOS has no long waits and high fees. EOS is also being considered as a top system for enterprise applications, so its token is projected to rise in value once big brands shift to a decentralized platform and use the cryptocurrency.
In light of the global health crisis, many of the world’s markets are experiencing a bearish trend. For this reason, it’s important that you include a stable cryptocurrency that can withstand bearish markets in your portfolio. Terra and its underlying token LUNA should be one of your options when looking for stable cryptocurrencies. According to a post on Business Insider, Terra has been able to rise above bullish markets as it operates a metaverse game for smartphones that uses their LUNA token. Furthermore, Terra also proves to be a worthwhile investment as one of its platform rewards is having a stake and vote in the future of the platform, allowing you to directly sway the technology into the right direction.
Solana is one of the top performing cryptocurrencies in 2021. In fact, the SOL token was able to breach the $90 mark last year and finished the year as the 10th most valuable cryptocurrency by market capitalization. Solana’s blockchain technology stands out from its competitors as it combines a proof-of-stake consensus algorithm with the cryptocurrency’s proof-of-history system. This means that the transactions the system receives are processed in order, which then speeds up the transaction times and significantly lowers the transaction fees. Moreover, an increasing number of retail investors have shown interest in Solana, which can then drive up the price of their token in the coming years.
If you’re a crypto investor who wants to make huge returns, be sure to look into the cryptocurrencies we’ve listed above.
Article written for the exclusive use of cryptheory.org
By Alexis Wallace