2021 has been a rocky road for cryptocurrencies so far. We started the year at all-time highs and now we’re amid a 50% correction. At the time of writing Bitcoin is trading around $31,000. While that isn’t great for anyone who bought near the top at $65,000, it’s a great discount for new investors.
A lot of people are starting to ask “what is the best cryptocurrency to invest in now?” Some altcoins are as much as 70% from their highs earlier this year. With most of the market sentiment suggesting that we’ll eventually come out of this correction and rocket to new highs, now might just be the best time for investing in cryptocurrency.
Let’s take at some of the best cheap cryptocurrency on sale right now.
Many experts predict that Bitcoin will still reach $100k by the end of this year. Billionaire Tim Draper expects to see BTC at $250,000 by the end of 2022. However, you look at it, if you look at Bitcoins history the only way is up.
Right now could be the best time to pick up Bitcoin at over 50% from its previous all-time high. There are plenty of good reasons for investors to learn why to invest in bitcoin now, since many experts now believe bitcoin’s value to diversify is merited. The news surrounding Bitcoin is still positive, with countries adopting Bitcoin as a national currency. If you visit https://www.bytefederal.com/ you’ll even see how Bitcoin ATMs are even starting to appear all over America.
Ethereum’s London hard fork upgrade is scheduled for August 4th this year. This upgrade looks to drastically reduce the gas fees that have attracted a lot of criticism to ETH over the last few years.
With ETH sitting at over 50% from its all-time high around $4,000 now could be the best time to invest in Ethereum.
If you’re brand new to the crypto space then you might not have heard about Solana until now. Solana is considered an “Ethereum killer”. While it seems unlikely that Solana will ever pass Ethereum, it doesn’t mean that it isn’t bound for success.
SOL has only been around since the spring of 2020 and it already has an impressive ecosystem. Like all the coins in the crypto space, it has taken a tumble, but this could be the best time to grab a bargain.
VeChain has been around since 2015. In recent news, VeChain has partnered with Shopping.io meaning that users can use VeChain as currency when shopping on sites like Amazon and eBay. This news will hopefully lead to wider adoption of VET shortly.
VeChain is trading at around 6.5 cents meaning that if you’re looking for the best cheap cryptocurrency, it’s a good place to start.
Polkadot took quite the tumble from the top in this most recent correction. It is currently trading at around $12 after its fall from just under $50 earlier in the year. However, DOT is well established and they have their parachain auctions on the horizon.
The Best Cryptocurrency to Invest in Now
If you’re looking for the best cryptocurrency to invest in now then there is one question you need to be asking: “Will my coin survive a one or two-year bear market?”
Investing is about protecting capital, and should we enter a bear market, many coins won’t survive. Make sure you choose a coin that has been battle tested and has great fundamentals. As always, only invest what you can afford to lose.
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