Top 5 Best Performing Cryptocurrencies

Welcome to the topic “Top 5 Best Performing Cryptocurrencies.”

Since the start of 2020, cryptocurrency has become a hot topic and it is trending globally.

With more than 400 cryptocurrencies in the house, choosing the one to invest in “Seems to be a difficult task.”

But fear not, here you’ll get the exclusive story on the “top 5 best performing cryptocurrencies.”

Note* Everything that we are about to discuss is “Research Based.”

If you’re planning to invest in cryptocurrency this coming year, we have a piece of great news for you. Guess what? According to crypto enthusiasts, 2021 might be the BEST year to invest in cryptocurrency.

But you must be wondering “Which cryptocurrency to go for and which to avoid.” Because everyone here is claiming to be the best!

We know, it’s hectic and time-consuming to do your own research on “Cryptocurrencies to choose”, which is why we’ve done it for you. Our research will help you choose the “Perfect-Fit Cryptocurrency” for you, to fit your needs.

Choosing the best cryptocurrency is always difficult because every single coin provider is coming up with “Attractive Opportunities for Investment”. And they each have different plans on their website to meet your needs and demands.

Isn’t it amazing?

 Yes, every digital currency that you choose will have something unique.

But, uniqueness is not what we are looking for, right?

Let’s discuss the best performing cryptocurrencies and keep things rolling for you.

Here we go!

Top 5 Best Performing Cryptocurrencies

Here’s a detailed look at the best performing cryptocurrencies. Before we start, we are listing down the names of all the currencies that we will be discussing:

• Bitcoin
• Ethereum
• Litecoin
• Ripple
• Tron 

Bitcoin

Bitcoin was created in 2008 and the interesting thing about this cryptocurrency is that “No one knows who created it.”

All we know about the creation of bitcoin is “Satoshi Nakamoto created the bitcoin and implemented the blockchain technology.” But Satoshi Nakamoto has never been found, leading many people to believe that it is a pseudonym for a person or a group of people who actually did the work. But for our purposes, it’s the work that’s important, not how it came about.

When we talk about blockchain technology, it is a structure that stores transactional data in blocks. Blocks that can’t be accessed by anyone because of the end-to-end encrypted security method.

What’s more, it is the first decentralized digital currency where you no longer have to rely on the “Third-Party.” You can transfer bitcoin from one account to another without “Relying” on the banks or other mediums.

This is what most people love about cryptocurrencies.

The aim of bitcoin is to make the world become a “Global Village” where transactions are easy. You don’t have to wait for your transactions to be processed, and you can get it done within fractions of seconds

What’s more, there are almost zero charges for transferring your coins.

Isn’t it amazing?

There are many reasons to keep bitcoin in your bucket. One of the most prominent reasons is “The volatility in the crypto space.” This is what makes cryptocurrency the best currency for beginners to get started with. 

There are almost zero fluctuations in the bitcoin cryptocurrency. And, it is the safe haven for most of the beginners out there. 

According to the crypto experts, the bitcoin cryptocurrency might reach up to $50,000 by the end of 2021. 

This is just WOW. 

One should invest in bitcoin right now and buy a “PIE” of it. It is still affordable. 

Let’s now talk about the Pros and Cons of Bitcoin before we head towards the next cryptocurrency. 

Pros	Cons
It is the most open financial system where one can make payments 24/7 without relying on the banks.	The use of bitcoin is completely dependent on the internet.
International money transfer is no longer a headache and that too with minimum cost.	They are bringing new updates, but the transaction speed is still dependent on your Area’s mining efficiency and network cognition.
No-one can breach your privacy and access the transactional data.	Converting bitcoin into fiat currency is Costly.
You can access bitcoin from your Laptop, Mobile or Tablet.	Most of the shops around the globe do not accept bitcoin as the payment gateway.
It is the most portable asset ever-created and transactions can be transferred through radio waves or satellites.

Let’s now talk about the second cryptocurrency in the list which is “Ethereum.”

Ethereum

According to the professional traders and cryptocurrency experts “You can’t go wrong with Ethereum.”

Yes, you’ve heard it absolutely right. 

Ethereum is one of the best cryptocurrencies to invest in. They have introduced the concept of smart contracts (A self-executing contract between the buyer and seller directly written into lines of code).

You can have the desktop and mobile applications to trade Ethereum. 

What’s more, Ethereum is considered the second-best performing cryptocurrency in the world. That means, you’ll have no issue buying or selling Ethereum. 

Another reason to invest in Ethereum is “The loyal team and community.” This gives Ethereum a real chance to stay strong and increase the value in the long-run. 

Let us break something amazing for you. 

Ethereum is more than just a “Cryptocurrency.” Wait, what?

You must be wondering “What else Ethereum has to offer to the users?”

They have different software and tools to offer to the “Software Engineers and other IT Users” to help them build different web and mobile applications. 

The most interesting thing about these tools and software is that “They are paid tools and you can only buy them with Ethereum.”

 You’ve to convert your local currency into Ethereum first and then you’ll be able to buy the tools and software. 

This is why they are right on the top – not limited only to the cryptocurrency but offering different solutions as well. 

So, what are your thoughts about Ethereum? 

Before we leave, how about breaking down the Pros and Cons of Ethereum? 

Indeed, a great idea!

Pros	Cons
They have the best security system installed as compared to the other cryptocurrencies.	They are facing new competition in the field. The competitors are offering software and tools at the cheapest prices possible.
Ethereum is recording around 600k transactions on a daily basis. Which is more than 185 bitcoin’s transaction in a single day.	Too many transactions a day is making the system run like a “Tortoise.” They need to work on performance.
There are more than 250k developers in the Ethereum Ecosystem. Note* The developer community of any cryptocurrency plays a vital role in running the whole company.
There’s little downtime, making it the perfect fit for those who execute transactions 24/7.

Litecoin

There are many reasons to invest in Litecoin, but the best one is “High Liquidity and large market cap.” 

If you want to avoid risks in the crypto world, stay away from cryptocurrencies with smaller market caps and communities. 

You can go for Litecoin if you want to mitigate risk. 

Wondering why Litecoin will be the next big thing? Scroll down. 

Litecoin is offering 84 million coins as compared to Bitcoin’s 21 million, with a block reward of 25 LTC.

This is the highest block reward you ever get as compared to other cryptocurrencies. 

What is the block reward? A reward that you get for successfully mining one coin. 

Also, you can mine one Litecoin within two minutes (Depending upon the system requirements). 

Litecoin is in fourth place when it comes to the “Biggest Cryptocurrencies” in the world. A crypto buying/selling application known as “CoinBase” has clarified our above statement. 

Note* Coinbase can be used to buy/sell cryptocurrencies and there are hundreds of applications available. 

Whatever happens in the crypto world, there’s no one replacing Litecoin because of the liquidity and larger market cap. 

Despite the strongest competition in the year 2020, Litecoin still managed to outsmart the competitors and got a tag of “Best Performing Cryptocurrencies in the World.”

Will you be considering Litecoin for your crypto investment? 

Haven’t made up your mind yet? Read the Pros and Cons down below before you make any decision. 

Pros	Cons
It is an open-sourced platform: That means you don’t have to worry about the software updates and changes to respond to the changing needs of the market.	After the new update, there are many people who are raising questions on the efficiency and speed of Litecoin. This needs to be fixed asap!
Compared to bitcoin, Litecoin is super fast and efficient. It can process one transaction within 2.5 minutes and bitcoin can take upto 10 minutes.	The credibility of Litecoin was questioned when many of the Litecoin users tried to withdraw the payment to their banks. Their Payment got rejected by the system. It may be because of flaws in the payment system itself.
Litecoin has a low transactional fee. This is the advantage Litecoin is providing over bitcoin.
The security is enhanced and there’s no way that one can breach your privacy.

Ripple

To be honest, Ripple is our own first choice because of so many good reasons.

It is considered the third most powerful cryptocurrency in the world when we talk about market capitalization.

Bitcoin and Ethereum are ahead of Ripple.

The concept and aim of Ripple are a little different from other cryptocurrencies.

“It is a venture-backed startup that offers financial settlements to the banks. This made the bank make transactions directly and swiftly across the national border.”

The aim of Ripple is to be “Institution-Oriented” rather than individual user-oriented. Ripple is collaborating with the banking systems in the United States of America and many companies are looking to adopt the Ripple protocol. 

The concept is pretty cool and different. 

The reason why Ripple is going to explode in 2021 is “this cryptocurrency is backed by strong institutions and considered safe by the SEC as well.”

Ripple is surely going to rock in the coming months with the help of banks and other big institutions. So, considering it your future investment choice is completely in line with that trend. 

Let’s have a glance at the Pros and Cons of Ripple. 

Pros	Cons
It is affordable as compared to bitcoin and Ethereum.	Investing in Ripple is easy, but to get the profit you might need to invest a “Big Amount.” This is because of the involvement of bigger institutes.
The stability of the coin is always a plus for beginners.	It isn’t a decentralized currency since it is backed by bigger institutions.
It is currently the 3rd best performing cryptocurrency with the second largest market cap.
It provides you with faster transactions, as well as the lowest prices.

Let’s now head towards our last but not least cryptocurrency.

TRON

Ever heard of this cryptocurrency before?

The reason why we are adding TRON to the list is “They have started collaborating with BitTorrent.”

“What is BitTorrent? “BitTorrent is a leading software company with popular torrent client software for Windows, Mac, Android, and more.” 

In the long-run, TRON can possibly surpass most of the cryptocurrencies if they managed to develop more secured and decentralized torrenting (Downloading things from BitTorrent) methods. 

When we talk about the active users of TRON, there are 300k active users currently performing trading and transaction on the platform. 

The numbers are relatively low, but with the passage of time, you might witness a hike in numbers. 

Honestly, TRON is a perfect place for the newbies. You can invest in TRON with “Low Investment” and learn hundreds of tips and tricks to make your bank balance go up. 

We aren’t listing down the PROS and CONS of TRON right now. It is because they are bringing huge updates in the first month of 2021. 

Once they are done with their update, we will update our list with their PROS and CONS. 

So, that’s all for now on the “Top 5 Best Performing Cryptocurrencies”. If you’ve any questions or points of discussion, please comment below. We love to hear from readers.

Also Read: Cryptocurrency Mining | Complete Guide

Also Read: Is Cryptocurrency The Future?

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