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What Are The Best Cryptocurrencies To Buy Today?

23 Jul 2021 | Cryptocurrency news

It is pertinent to have in mind that the crypto market changes swiftly. This means that within days or weeks, the value of a cryptocurrency can change dramatically. 

Nevertheless, with over seven thousand cryptocurrencies in the market, selecting the best to buy is surely not an easy feat. 

Note that, though some cryptos spiked by over ten thousand percent in 2021, we will be providing you with the top five cryptocurrencies solely based on institutional and retail acceptance popularity as well as market capitalisation. 

 

Things To Know Before Purchasing Crypto

If this is your first time making your mark in the crypto-verse, then bear in mind that there are some things you need to be aware of before making your crypto purchase. 

Some of the things to know include:

  • The timing goes a long way

Since these virtual assets are highly volatile, popular cryptocurrencies like Ethereum and Bitcoin tend to fluctuate vastly with very little notice. 

This leaves crypto investors practically trying to buy the dip. This means that they purchase more of the altcoins whenever the price falls. 

  • You can purchase Bitcoin with your traditional money

Most cryptocurrency exchanges enable people to purchase these digital currencies using credit cards, bank accounts, and even debit cards. 

  • Establish an investment plan

Understand that successful crypto investors always have a plan for their digital assets. This plan can entail setting up a limit order. Setting up a limit order means that their Bitcoin will be sold automatically when prices hit a specific level. 

Some exchanges will enable you to copy moves made by established traders in the crypto-verse. 

  • A coin being too good to be true

Since scammers thrive more when they create a sense of FOMO, that is, the fear of missing out, it is best that you carefully think before purchasing any cryptocurrency. 

Also, bear in mind that if a coin seems too good to be true, it surely is. The crypto space is filled with both impartial reviews and independent news sites. They will help you in making informed decisions. 

  • Do your own research

Buying cryptocurrencies is like buying stocks or even groceries. You need to have a plan and a reason why you are going to buy something, otherwise you will likely risk your money. Websites like Invezz and Best Bitcoin Exchange provide great daily information about the latest news in the crypto world.

There are also country-specific websites dedicated to publishing content for their respective regions and reader base. Websites like BitCourier and Portal Cripto offer great insight into the blockchain investing strategies in UK and Brazil respectively.

Best Cryptocurrencies To Purchase Today

 

Finally, the best cryptocurrencies that you can purchase today are:

BTC (Bitcoin)

 

In a nutshell, Bitcoin is indeed the entire crypto industry for the majority of the investors out there. It was founded in 2009 and has successfully revolutionized the monetary world, and now, it is a household name. 

Bitcoin had an amazing bull run from 2015 till 2017 though its price fell and left many fearing that it was its end. But, interestingly, the crypto bounced back even with the regulatory completion and challenges it has faced over the years. 

This year, Tesla purchased up to $1.5 billion worth of Bitcoin. If you never knew, Tesla is the globe’s biggest electric car maker. Interestingly, the general investment into investment products related to Bitcoin in 2021 has surpassed the total investment of 2020.

As for Bitcoin whales holding that had between one hundred and ten thousand BTC, it now has more than 9.13 million coins. This is the highest level ever recorded. Therefore, Bitcoin has remained the ideal choice of huge investors this year. 

It is currently the most valuable crypto globally, with a market cap of more than six hundred billion dollars. For those interested in purchasing Bitcoin, it can be obtained from Guardarian.

 

ETH (Ethereum)

If you never knew, Ethereum is rated as the second biggest crypto by market capitalization at two hundred and sixty-nine billion dollars. 

Ethereum is regarded as a decentralized software platform that allows smart contracts and dApps, decentralized applications, to be created and operated without any issue of downtime, control, fraud, or even interference from intermediaries. 

Note that Ethereum has the most compelling bull case in the crypto-verse. The institutional interest in Ethereum skyrocketed in 2021 as huge organizations began adding the coin to their balance sheets. 

Interestingly, investment products related to ETH attracted roughly one billion dollars in the first six months of this year. When it comes down to price, ETH has remained the best performing digital coin with a jump of almost one hundred and ninety percent in the first quarter of 2021. 

Ethereum has a market capitalization of $138.3 billion, plus a per-token value that is $1,218.59. This digital coin can be purchased here for those interested. In addition, it has an upgrade that will be launched by this year. 

This upgrade will be used in marking the evolution of Ethereum from a proof of work model to a model known as proof of stake. All of this will assist in facilitating the expansion of DeFi projects. 

 

ADA (Cardano)


The first thing to note about Cardano is that it is an energy-efficient PoS, proof of stake altcoin. It is rated as the fifth most valuable crypto on the globe. In the last twelve months, the ADA token has risen to about 1259%. 

The debut of Cardano’s smart contract platform known as Alonzo will greatly increase its utility in DeFi. Cardano was created through comprehensive and extensive experimentation plus peer-reviewed research. 

It has been stated that the blockchain of this coin is capable of more than what Ethereum had to offer. Though it has beaten Ethereum in the race to the proof of stake model, the coin has a long way to go for decentralized monetary applications. 

Cardano focuses on being the globe’s monetary operating system through the establishment of decentralized financial products and the provision of solutions for voter fraud, chain interoperability, and legal contract tracing. 

Currently, Cardano has a market capitalization of $9.8 billion, and one of its ADA token trades for $0.31. Interested investors can purchase ADA from Guardarian’s safe and secure exchange.

 

XRP (Ripple)


With a maximum supply of one hundred billion coins, XRP was created to be corporate. In contrast, most cryptos were created by users and for users with input from peer-to-peer networks. 

While Ripple and XRP are used interchangeably, it must be understood that Ripple is regarded as the money transfer network while XRP is the name of its token. 

If you never knew, XRP was designed for swift transactions, and its major goal is to compete with the slow speed of the SWIFT banking processing system. Unfortunately, in December last year, XRP lost almost sixty percent of its value. 

This occurred when the US SEC, securities, and exchange commission, filed a lawsuit against Ripple Labs. Nevertheless, people have adopted the XRP ledger. The price of XRP jumped from $0.22 to $0.60 in the first half of the year.

Note that XRP is the 60th most valuable crypto globally and has a market capitalization of more than $28 billion. You can purchase XRP here.

swift transactions, and its major goal is to compete with the slow speed of the SWIFT banking processing system. Unfortunately, in December last year, XRP lost almost sixty percent of its value. 

 

XMR (Monero)


For those unaware, Monero is a highly secure, private as well as untraceable coin. It is open-source crypto that made its debut in 2014. In no time, it garnered lots of interest among the cryptocurrency community. 

More so, its development is fully based on donations, and it is community-driven. This crypto made its launch with a powerful focus on scalability and decentralization. Also, it allows total privacy by making use of a unique technique known as ring signatures. 

With the ring signatures, a group of cryptographic signatures will appear, including a minimum of one authentic participant. However, the real one will not be isolated as they will all appear valid. 

Due to such an exceptional security mechanism, its privacy assists dissidents of very oppressive regimes all over the globe. Currently, its market capitalization is $2.8 billion, and it has a per-token value of $158.37. 

If you are interested in investing in XRM, you can count on Guardarian for the best prices. Visit our “buy Monero” page to get your coins.

Where to start buying crypto?

Cryptocurrencies are a volatile but high reward investment and digital payment method. They have even come as far as being used to purchase real estate! In order to get your hands on the most famous cryptocurrencies out there, you need to buy it through an exchange or from brokers to your wallet. Most cryptocurrency exchanges offer you both: a place where to buy crypto and a wallet where you will hold it. Here are few exchanges where you can acquire crypto with ease.

 

Binance is the most popular cryptocurrency exchange out there in terms of trading volume. They have competitive rates so they are a very favourable place to acquire crypto from, not to mention they have over 500 coins. Despite its current legal troubles in the UK, Binance is still the beloved exchange to trade cryptocurrency assets.

 

7b is a cryptocurrency broker who offers more than 2,000 currency pairs to trade. They are striving the become one of the easiest and user-friendly cryptocurrency exchanges out there.

 

Kraken is good for both beginner and novice traders. They offer very high security and relatively low trading fees. Their easy interface and high amount of coins makes them a great all around exchange to buy crypto from.

 

Conclusion 

The crypto-verse began this year on a general note on the back of highly substantial gains in December of the previous year. 

The total market capitalization of cryptos skyrocketed from roughly five hundred billion dollars to seven hundred and fifty-two billion dollars. 

Even with the latest dip, the overall market cap of these cryptos is hovering towards $1.4 trillion. Nevertheless, we have provided you with all you need to know about the latest cryptocurrencies and a general idea you should have before making any crypto purchase.