Cardano (ADA) and Ether (ETH) were outstanding in the last 30 days ended 5/28/2021. The first cryptocurrency appreciated positively, by 12.99% (at this article’s writing). On the other hand, the latter had the lowest devaluation (-3.43%) in the same period. The evaluation is made among the best cryptocurrencies to invest in, taking into account the most consistent projects
It is worth noting that, in the second half of May, several cryptocurrencies went through a process of fall, following the volatility of bitcoin, the leading digital currency. Thus, the devaluation of the ether in only 3.43% can be considered a positive aspect. This movement was caused by the collateral effect, which brought a cascading effect to the market. Even so, in the last seven days, The ETH had a positive appreciation of 5.54%.
Ethereum is a decentralized open-source blockchain whose native token is Ether (ETH). This blockchain acts as a platform for several other cryptocurrencies and running decentralized smart contracts.
With a market capitalization of more than US$ 295 billion and a current supply above 116 billion, ETH is the second-leading cryptocurrency, according to CoinMarketCap.
Meanwhile, Cardano ranked by CoinMarketCap as the fifth currency in market value is a proof-of-stake blockchain platform that claims to enable “change agents, innovators, and visionaries” to bring about positive global transformations.
Its market capitalization is more than US$ 55 billion, with a current supply of 31.9 billion units. In addition, the platform claims to be the first blockchain built through peer-reviewed searches, which ensures security and scalability.
What are the best cryptocurrencies to invest in 2021?
There is no correct answer to this question. The best cryptocurrencies to invest in are the ones that represent a project that will solve some problems related to the cryptocurrency market.
In such a context, new blockchains, such as Solana, and decentralized exchanges such as Serum, have proposed to provide innovative solutions, either to improve the security, speed, and scalability of blockchains or to provide fully decentralized financial services.
What is the best cryptocurrency exchange?
The cryptocurrency brokerage market is becoming increasingly competitive. There are several platforms for buying and selling cryptocurrencies. Since they are not regulated, the user should look for the most reliable platforms with the highest liquidity. In Brazil, the largest exchanges are Foxbit, Mercado Bitcoin, Binance, and NovaDax.
However, other overseas platforms offer a much more comprehensive range of financial services, such as FTX, which accepts deposits directly in reais, and Bittrex, which has BRZ listed.
How to invest in cryptocurrencies
There are some ways to invest in cryptocurrencies, and they change according to the degree of complexity. Here are some alternatives:
- Buying Shares of Cryptocurrency Funds
- Buying directly from an exchange
- Through mining.
How to store cryptocurrencies
The two main ways to store your crypto-assets are through a wallet, either hot (connected to the internet) or cold (not connected to the network), or by keeping the assets on the exchange itself. However, the investor does not have access to his private key in the latter case and is at risk if the exchange faces any problems.