Today, we have several cryptocurrencies, which make it hard to choose the best to invest in. To attract traders, many of them have introduced various ways we can use the currencies like online shopping, which is convenient for most users. For some people, investing in cryptocurrency is a long-term plan, and choosing the best cryptocurrency is vital.

In this article, cryptolaun.ch will outline the best cryptocurrencies to choose from for anyone planning to start a long-term investment in 2021.

Bitcoin

Bitcoin is the oldest cryptocurrency we have in the market today. We now understand why it is the leader in price, market and has volume far higher than any other cryptocurrency. Bitcoin still makes up 40 percent of the cryptocurrency market cap, despite having thousands of other cryptocurrencies on the market.

Many enterprises now accept Bitcoin as a payment method, making this cryptocurrency an intelligent investment and a viable business move that helps grow the organization. Tesla CEO Elon Musk and Visa have recently spent $1.5 billion on Bitcoin’s visa transactions. In addition, the larger banks are including Bitcoin transactions as well.

Binance Coin

It’s among the few cryptocurrencies that launched in 2017. In the same year, there was a bull market, and the prices of cryptocurrencies rose along with it, reaching a peak before leveling-off and declining. However, unlike other cryptocurrencies, Binance Coin has maintained a slow and consistent upward trend since its establishment. Binance Coin is now among the most stable investment options, with fewer risks because of its performance.

Cardano

It asserts to be more adaptable and secure, since it constantly improves its functions to stay ahead of hackers. The Cardano network is much smaller, which is one of the many reasons that attracts serious investors. Starting and completing transactions requires less energy than other renowned networks, such as Bitcoin, making it one of the fastest and cheapest transactions platforms.

Ethereum

Ethereum’s difference compared to Bitcoin is that it’s more than a cryptocurrency. It owns a network that allows developers on the Ethereum network to come up with their cryptocurrencies. Ethereum lags Bitcoin in terms of value, and it surpasses several of its competitors by far. However, it was released years after most of the cryptocurrencies, its unique technology has massively exceeded its market position.

Litecoin

Litecoin, which was founded in 2011, and entered the market at the same time as Bitcoin. It had a slow take-off compared to Bitcoin, but it claims to be four times faster than Bitcoin at completing transactions.

It was the first-ever cryptocurrency platform to complete a Lightning Network transaction in 2017. The transfer took less than a second to complete. If the company expands the use of the Lightning Network for faster transactions, the value of Litecoin could skyrocket.