These are the TOP 5 Cryptocurrencies set to EXPLODE in 2021. We will go over the best cryptocurrencies to invest in 2021 and hold for the long term! Enjoy!
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There are hundreds of bad coins out there in the market, but there are a few coins out there are worth taking the risk and holding on to them for the long run, such as Ethereum, Cardano and Bitcoin. I will also go through a brief walkthrough of how I go about researching cryptocurrencies, so that you can get a good start into investing in the cryptocurrency market. So be sure to watch the video ” TOP 5 Cryptocurrency Set To EXPLODE in 2021 || Best Cryptocurrency To Invest 2021″ To get a better idea of how to research cryptocurrencies and for my top 5 cryptocurrency picks set to explode in 2021!
How To Research Cryptocurrencies 1:01
For example, In July, we have some major Ethereum upgrades coming up and one of them being the EPI 1559 in july, and the shift from proof of work to proof of stake in november or december, and these changes are going to make ethereum’s transaction fees much lower and ethereum will become deflationary, and also the complete elimination of mining, which will reduce carbon footprint by 99 percent, and this will make ethereum a green technology, this is some of the reasons as to why we should all keep an eye out for Ethereum and think about it in the long term.
But once Ethereum 2.0, it’s going to make ethereum faster, and in addition its going to be more environmentally friendly, and if Elon does decide to somehow incorporate Ether as a form of payment, then that could send the price higher than 10,000 dollars to the $25 thousand dollars some people have predicted for the current bull cycle that we are in right now…
Now, I know that there are other cryptocurrencies out there, such as cardano, who is right now the third spot of kilowatt consumption.. And cardano was actually founded by Charles Hoskinso, who was one of the co founders of Ethereum,
Another great pick from the list is Bitcoin.. like all cryptos, began from very humble beginnings with a value of almost 0. It skyrocketed from about $1,000 to over $20,000 in 2017, then dropped to $4,000 within a year, It began going to the moon again in late 2020, this time from $10,000 to a peak of $60,000, before plummeting this past week, from a combination of Elon Musk’s different tweets, and some China FUD (like always).
But In terms of first getting started into cryptocurrencies, Bitcoin is by far the easiest and best to understand and get into, as there is so much market adoption both from institutional investors and retail investors. We Bitcoin ETF’s and major banks starting to accept Bitcoin
You can also see Bitcoin as the top dog cryptocurrency, which has been around since 2008. It has by far the greatest market capitalization, the most expensive coin out there, and the largest user base from all cryptocurrencies.
Satoshi Nakamoto, invented Bitcoin. It was meant to be the currency of the future, and though you can use it today to buy a variety of products and services, you wouldn’t use it to buy a cup of coffee since the transaction costs would be too much.
Instead, think of Bitcoin as the gold 2.0 not very helpful for everyday transactions, but valuable as a store of wealth. It’s also similar to gold in that it has a limited supply, which is one of the factors that attracts a lot of investors: only 21 million Bitcoins will ever be created, making it deflationary or inflation proof.
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Disclaimer: DISCLAIMER: You should not take any of this information as guidance for buying or selling any type of investment or security. I am not a financial advisor and anything that I say on this YouTube channel should not be seen as financial advice. I am only sharing my biased opinion based on personal experience. It is important to keep in mind that there are risks associated with investing in the stock market and that one can lose all of their investment.
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