A review of top performing coins and tokens for 2021
For an investor, cryptocurrency has the potential to be a great asset class. The notion that this digital currency can be used to store value on a decentralized and distributed basis in the future is very compelling.
Some cryptocurrencies have better platforms for investment due to their exponential ROIs. This guide discusses the top five cryptos that provide the best investment opportunities for investors and traders over a considerable timeframe.
Binance Coin (BNB)
Binance is a combination of the terms “binary” and “finance,” which implies that it provides a top-leading crypto peer-to-peer (P2P) exchange for holders within the Binance ecosystem.
Unveiling the BNB Team
The Binance exchange is operated by Beijie Technology, a holding firm founded by ChangPeng Zhao in 2017. Zhao’s partnership with the Binance team, alongside the efforts from the company’s co-founder and CMO, He Yi, has made this exchange a force to reckon with in the cryptocurrency sphere.
BNB’s Selling Point
The Binance Coin, like other cryptocurrencies in development, has a variety of applications outside of the Binance exchange, including credit card payments, trading, booking travel arrangements, payment processing, discounted transactions on the exchange, loans and transfers, investment, and entertainment.
Alternatives to Binance Coin
Binance coin isn’t the only coin out there that takes it home in terms of trading fees, trading volume, compliance, regulations, and asset availability. Other ideal alternatives to this crypto include Coinbase, Uphold, HitBTC, Poloniex, NiceHash, and Kucoin.
BNB has a market cap of over $60 billion and a total available coin supply of 153.43 million BNB. It ranks 5th on the cryptocurrency market. The crypto as the default currency of the Binance ecosystem, entitles holders to airdrops of new projects that launches on the Binance Smart Chain.
Another notable factor is BNB’s ROI of 343576.59%. As of the time of this report, the cryptocurrency is worth $405.
Unlike other cryptocurrencies, IOTA doesn’t function as a blockchain. Rather, it is a distributed ledger that runs on Tangle – Its proprietary backbone system.
It comprises nodes implemented towards confirmation transactions on the network. Hence, Iota has faster transaction speeds, compared to the traditional blockchains. This feature and many more places the crypto at the forefront of digital currencies in the IoT ecosystem.
Iota is co-founded by four individuals, namely David Sønstebø, Serguei Popov, Dominik Schiener, and Sergey Ivancheglo. Serguei Popov, IOTA’s Foundation’s director of research is also a board member of the company, while Schiener and Sønstebø are co-chairmen of the board of directors.
IOTA’s Selling Point
The IOTA network provides secured transaction, but with a difference. It gets rid of the implementation of blocks.
According to David Sønstebø, “IOTA is designed to provide one solution that no other crypto does: efficient, secure, lightweight, real-time micro-transactions without fees.”
The following cryptocurrencies are ideal replacements for IOTA, when factoring in instant transactions, real-time transfers, currency agnostic, transparency, fast P2P transactions, and Coinbase trading: Nano, Ripple, ZCash, and Stellar.
IOTA has a total coin supply of more than 2.7 billion MIOTA. Its ROI sits at 218466.67%. In 2019, Bitrue users witnessed 7,000 IOTA airdrop shared on the network. At the moment, there is no news on the next airdrop. Currently, the cryptocurrency is worth $1.25.
Ethereum is an open-source, decentralised finance (DeFi) blockchain technology. Its coin, Ether (Eth), is used to conduct secured transactions on the network.
Ethereum serves as a platform for a variety of cryptocurrencies. This ecosystem also allows for decentralised smart contract execution.
Ethereum was co-founded on July 30, 2015, by eight individuals, namely Gavin Wood, Vitalik Buterin, both of whom were ETH original authors, Charles Hoskinson, Anthony Di Lorio, Joseph Lubin, Mihai Alisie, Amir Chetrit, and Jeffrey Wilcke.
Ethereum’s Selling Point
According to Gavin Wood, the Eth blockchain serves as “one computer for the entire planet.” This implies that the blockchain creates a robust, censorship-resistant ecosystem for holders and investors.
The following platforms provide ideal alternatives to Ethereum: IBM Blockchain, Azure blockchain workbench, Kaleido blockchain, Amazon Quantum Ledger Database (AQLD), and Hyperledger.
There is a total of 116,125,822 ETH coin in supply, and at the moment, the crypto is worth $2,766.70. It also has an ROI of 96440.92%.
The Stratis network comes fully packed with several features that make transactions quicker and more secure. They include a proof-of-identity model, private sidechains, smart contract deployment, and full node operation.
The blockchain is powered by STRAX, used for payment and smart contract execution.
Users can create crypto wallets on the exchange and access consulting services via the Masternode.
Strax’s existence is attributed to Chris Trew, the brain and founder of the enterprise-based blockchain. A C# programmer and IT expert, Trew created the Stratis BaaS platform based on the Bitcoin (BTC) protocol.
Stratis Selling Point
Financial service companies and other organisations can use the Stratis platform to test, develop and deploy DApps without having to worry about network security and operating expenses.
Stratis does so by allowing enterprises to create permission-granted, private sidechains that interface with the main chain, as well as host decentralised apps, execute smart contracts, and use other privacy and identity verification features.
According to its whitepaper, this technique allows businesses to utterly personalise their platforms without the constraints of depending on a big blockchain like ETH or BTC.
Ideal alternatives to STRAX include Tron (TRX), EOS, Bitcoin Cash (BCH), and Litecoin (LTC).
The Stratis BaaS platform has a total of 131,860,808 STRAX and an ROI of 11156.53%. Each coin is currently worth $1.55. So far, there are a total of 100,000 STRAX available to airdrop users.
This list will be incomplete without discussing Bitcoin – the pioneer of cryptocurrencies. This DeFi exchange provides P2P transactions devoid of intermediaries.
It implies that users on the network can send and receive BTC securely. Based on the founder’s views, the exchange creates a platform where “online payments can be sent directly from one party to another without going through a financial institution.”
The BTC coin may be used to acquire physical assets, and crypto traders may trade on the exchange as well.
The real identity of Bitcoin’s founder still remains a mystery to date. Although to the general knowledge, the founder goes by the name Satoshi Nakamoto, there is a divided school of thought that this name might belong to an individual or a group of people using it as an alias.
Even though it was founded in January 2009 by Satoshi, several groups of developers have contributed to making the exchange a robust and secured crypto ecosystem for holders, investors, and traders.
Bitcoin’s Selling Point
The fact that Bitcoin was the first cryptocurrency to exist on the market gives it a distinct edge. At the moment, the cryptocurrency market is worth over $300 billion, thanks to the emergence of BTC.
The creation of the first cryptocurrency provided a conceptual and technological foundation for hundreds more competing ideas to follow.
It has also succeeded in establishing a worldwide community and spawning a completely new economy of millions of users who produce, invest in, trade, and utilise Bitcoin and other cryptocurrencies consistently.
Crypto users who want to invest in other cryptocurrencies, other than Bitcoin, can purchase the following coins: Ethereum, Litecoin, Ripple, Dogecoin, Lisk, MaidSafeCoin, and Dash.
Bitcoin has a maximum supply of 21 million BTC and a total supply of 18,724,856 BTC. Currently, one BTC is worth $37,929.96. Investors can purchase a handful of BTC coins as the crypto has an ROI of 28040.65%.
Cryptocurrency is an excellent long-term investment alternative. It is important to note, however, that trading is not without risks.
Other than that, you may make financial transactions on the marketplaces discussed in this guide and grow your portfolio.