3 of the Best Cryptocurrencies to Invest in Now
(Photo : 3 of the Best Cryptocurrencies to Invest in Now)

Few realized that when the Bitcoin protocol was launched in 2009 in reaction to the financial crisis' economic devastation, the world had gained a new asset class, not just a new digital money. After a decade, there are thousands of cryptocurrencies, each with its own set of features and degrees of usability, adoption, and promise. How can investors figure out which cryptocurrencies are the finest to invest in in such a vast market worth at least $1.3 trillion? Here are three of the finest cryptocurrencies to buy in 2021, along with their bull cases. You can invest in bitcoins through Oil Profit

Bitcoin (BTC)

Although several theories exist about Bitcoin's utility, there's no doubting that it has been the dominating player in its sector since its inception. Bitcoin's growing popularity is its saving grace; both retail and institutional investors are eager to begin their cryptocurrency journey with Bitcoin. Furthermore, some of today's most brilliant corporate brains are increasingly drawn to "digital gold." Jack Dorsey, CEO of Twitter Inc. and Square Inc., has stated that there is nothing more essential for him to work on in his lifetime, citing it as a solution for poor countries to protect against currency devaluation and for faster, cheaper cross-border cash transfers. Even though Bitcoin's price dropped by more than half within two months of reaching all-time highs of around $65,000, Tesla Inc.'s move to include Bitcoin on its balance sheet earlier this year may help to attract more corporate treasury inflows in the future.

Bitcoin Cash (BCH)

Bitcoin, as the first cryptocurrency, was a canary in the coal mine for future digital currencies. The limited size of the "blocks" of data on the Bitcoin blockchain, which are capped at 1 megabyte, became a source of frustration for many users and developers. This constraint began to impede transaction processing and raise costs, which Bitcoin Cash intended to address when it split off from its parent in 2017, adopting an 8-MB block size. BCH isn't as stable or commonly used as its namesake, but it has more scaling potential and is the world's 12th most valuable cryptocurrency. Despite the fact that it has fallen sharply from its April 2021 highs of around $1,600, current prices of roughly $500 are still significantly above the $342 level where it began the year.

Ethereum (ETH)

Ethereum, the Scottie Pippen of cryptocurrency, has been a capable second fiddle to Bitcoin for years. Ethereum's market capitalization is over $276 billion, giving it an 18 percent share of the global crypto market - a far cry from Bitcoin's 47 percent, but more than four times the next-closest token. The platform's native currency is actually called ether, but it's more commonly referred to as Ethereum. Ethereum is the premier decentralized finance (DeFi) technology, allowing users to write smart contracts that execute automatically when specific circumstances are satisfied. Ethereum is an innovative, money-saving technology because it has the ability to eliminate third parties such as banks, brokerages, and clearinghouses. The growing tide of DeFi should result in increased use of this platform, which may be used to issue new cryptocurrencies or produce and exchange nonfungible tokens, often known as NFTs.

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