Last year seemed like it would be the best for the growth of cryptocurrencies. However, 2021 has turned out to be even bigger. The top cryptocurrencies have been attracting investors to diversify their portfolios.
Not many companies are accepting cryptocurrencies as a legitimate form of payment as of yet. This is what makes it a really good time to invest in cryptocurrencies. There are a lot of coins to choose from so it can be quite difficult to decide which ones to invest in. Those who work in the managed IT support services industry have stressed the importance of choosing the right cryptocurrencies – their clients in the tech industry are quite clued up when it comes to crypto. This article is here to provide you with the top cryptocurrencies with the best growth potential as of this year.
Bitcoin was created in 2009 and has still remained the top cryptocurrency since. It is the first of its kind to have the highest liquidity value. This cryptocurrency has continuously aimed to become decentralized, global and peer-to-peer digital cash with no regulations. Cryptocurrencies always have uncertainty surrounding it, but Bitcoin is the most stable one you’ll find. Bitcoin’s popularity will continue to grow in the coming years as businesses are becoming more comfortable with accepting Bitcoins for payment.
Ethereum was the first cryptocurrency to introduce smart contracts that was powered by blockchain technology. This means that developers were able to create desktop and mobile decentralized applications. Ethereum is a trusted recommendation given by an award-winning IT managed services company in the UK, TechQuarters, they have found it to be a safe investment.
Many consider Cardano to be a rival to the Ethereum cryptocurrency. Cardano is a proof of stake platform which developers have used to create blockchain-based applications. The platform is reliable because it goes through severe testing before it encounters any upgrades made to the network. Like the kinds of support given by a company providing outsourced IT support services, collaboration and making teamwork more effortless is what they strive to achieve and Cardano has a central goal of helping to achieve the same goal through effortless collaboration.
Polkadot is a network that was built to enable the cross-chain transfer of assets and data. This cryptocurrency has made it possible for blockchain networks to become interrelated with one another. The platform lets information get exchanged easily while creating a fully decentralized and private web. What makes Polkadot so impressive is that it is able to process a number of transactions on several different parallel chains at once. This means that large amounts of expandability is possible.