The craze in cryptocurrency investment began when the first cryptocurrency, Bitcoin, released to the public in 2009. Since then, the popularity of crypto assets is soaring through the roof, even more so in the year 2021.
Starting with Bitcoin as the leader, more and more cryptocurrencies appear in the market, and investors have more choices in their crypto investments today.
Cryptocurrencies are rising and falling in constant movements in the market, and often, their movements are unpredictable.
Some crypto assets are dwindling in recent years, while some others are growing, rising, and gaining more popularity by the day. So, what are the fastest-growing cryptocurrencies in 2021?
Find the fastest-growing cryptocurrencies in 2021 in this guide.
Should You Invest in the Crypto Assets with Fast Growth?
Crypto assets that grow fast in the recent years are the obvious choices for many crypto traders. Should you follow their lead? The answer will depend on you.
You can take advantage of the current trends by looking at the fastest-growing cryptocurrencies and take your investment on the crypto assets you think will keep on growing in the coming years.
However, you can also put your investment in the cryptocurrencies that have slow but steady growth over the years. These are perhaps the hidden gems in your crypto investments that you need to take advantage of.
It might be better to make profits on the most popular crypto assets right now, but you should also avoid putting your eggs in one basket. Try to see other potentials not yet found today and spread your investments there.
Also Read: How to Mine Ethereum with NiceHash?
Fastest-Growing Crypto #1 – Bitcoin
Bitcoin is the one that started it all. The cryptocurrency won’t exist without the release of Bitcoin in 2009, and it was this bitcoin revolution that made Blockchain technology become as big as it is today.
As the first cryptocurrency in the world, Bitcoin remains the fastest-growing crypto asset that any traders or investors can get their hands on. The value of this crypto asset is also the biggest among others.
The current market value for Bitcoin is around $31,000 (as of July 2021), and this is the crypto asset that has undergone big swings in its lifetime.
Sometimes, it got to the lowest point, and other times, it got to the highest point, and the discrepancies between these swings are large enough that investors might lose or earn a lot of money because of it. Yet, it remains the cryptocurrency that any crypto trader would consider investing in first.
Fastest-Growing Crypto #2 – Ethereum
Ethereum is the cryptocurrency that sees a steady growth over the years, and it has become the second most popular cryptocurrency after Bitcoin.
The value of Ethereum might be a lot lower than the value of BTC today, but the fast growth of Ethereum keeps making it one of the most used cryptocurrencies after Bitcoin. So, the market capitalization of this crypto asset is not that separate from Bitcoin.
More and more people are buying Ethereum nowadays, and when you have a good investment strategy, you can make quite a lot of profits from this crypto asset.
Ethereum can be your alternative in your cryptocurrency investment if you don’t want to rely just on BTC. It has a lot of potential, and the popularity of it might grow even higher in the coming years. Today, the value of Ethereum is around $1,800 (as of July 2021). So, for traders, keep your eyes close on the ETH.
Fastest-Growing Crypto #3 – Litecoin
Litecoin is another cryptocurrency that is growing quite fast today, and it is becoming more and more popular for everyday practical use.
One of the best features of Litecoin is that it has a fast transaction process, making it a preferable choice for buyers and sellers to transact using this cryptocurrency. It still carries all the benefits of crypto, but its fast transaction process is more suitable for commercial use than other crypto assets.
The value of Litecoin is around $120 (as of July 2021), and the people who use it for transactions are rising by the day.
In the coming years, it might become a preferable means of transaction for many people as an alternative to the regular currencies. It provides the same privacy features for your transactions, and it’s a great way for you to keep every transaction private. For traders, Litecoin should become their third choice of crypto assets after BTC and ETH.
Tips on Crypto Investing by Following the Growth Trends
There are various strategies you can follow for cryptocurrency investment. One common strategy is to follow the growth trends of the cryptocurrencies.
You will monitor the growth of various cryptocurrencies and determine if certain crypto assets are worth investing. If the growth is great, then it means that it is worth investing. It’s a simple strategy you can follow to keep on profiting from your crypto investments.
Here are some tips on crypto investing by following the growth trends:
- Spread your investment. You shouldn’t rely only on one cryptocurrency and abandon the others. That way, you are leaving money on the table. It is best for you to spread your investment by keeping your eyes on various crypto assets that might have potential profits both for short and long term.
- Look at the less obvious assets. Looking at the fastest-growing cryptocurrencies is fine, but try to look at the less obvious assets. These hidden gems might someday rise to the top, and if you don’t give your attention to them, you might miss a potential big profit.
- Be aware that growth carries risks. Every growth will carry its own risks of falling. You need to be aware of that, as cryptocurrency market is often very unpredictable.
- Keep up with the latest news. The latest news might give you some insights about the next growth and fall of any crypto assets in the market. Keep up with the latest news and keep up also with the comments from the experts.
- Try to invest long term. Instead of trying to profit short term, why not put some of your investment for long term? It’s better for your portfolio, and it might earn you the biggest profits.
Also Read: How to Send Bitcoin from Paper Wallet?
Conclusion
These are the fastest-growing cryptocurrencies in 2021. You can set up your investment strategy from now on, because the crypto market will always change from time to time. It will not the same in the next year, and it will present its own challenges for the years to come.
So, pick your crypto investment the right way today!