Are you uncertain about choosing the best cryptocurrency for the long term to invest in? This is a daunting task for many people who are new to cryptocurrencies and cryptocurrency IRA investing.
This doesn’t need to be a difficult or daunting process to understand. With so many cryptos popping up left and right, it’s hard to keep track of them all. But I’m happy to tell you that some investments are better than others. And I’m going to share the top cryptocurrencies with you today.
Plus, if you buy them as part of a cryptocurrency IRA, you’ll experience massive growth in the short-term. But you’ll also experience a healthy and wealthy retirement in the future, which makes crypto IRA investing a win-win.
My Favorite Cryptocurrencies to Invest in in 2021
As I’ve already said, some cryptocurrencies are much worthier investments than others. But at the same time, there are still many cryptos worth investing in. In fact, I’d like to share my favorites with you right now. They include:
- USD Coin
What makes these cryptocurrencies so special? Among other things, they have the greatest level of interest from the public. And many countries and institutional investors are also adopting them as solid investments.
Besides that, each one of these cryptocurrencies has an excellent overall market cap. This means that people are heavily investing in these digital currencies. Whether it’s part of a cryptocurrency IRA or a traditional investment remains to be seen.
I’d also like to give you a decent breakdown of each one of these cryptocurrencies. So please continue reading to learn more about why I chose each one as a favorite investment.
Bitcoin a.k.a. BTC
At the time of this writing, Bitcoin is currently trading for $32,166.85 per coin. This means the digital currency has a total market cap of $603.57 billion.
Talk about a massive asset! This is one of the most expensive and highly sought-after assets on the planet right now. And even though it sold off recently and has since stabilized, there’s nothing to fear about this investment strategy.
In fact, you should look at it as an opportunity. At $32,000 per coin, Bitcoin is currently having a half-price sale! That’s practically like getting in at the ground floor. It may have hit a few bumps in the road. But this cryptocurrency is the wave of the future and it will become much more valuable in time.
Are you a long-term investor? Opening a cryptocurrency IRA is the best way to capitalize on this opportunity. Read my review of the top 3 Bitcoin IRA companies to learn more about these organizations.
Ripple a.k.a. XRP
The next amazing cryptocurrency investment is called XRP, and it’s also known as Ripple. You might be wondering why it’s so popular. And that’s a very good question.
In truth, it’s never easy to determine why one cryptocurrency becomes more popular than another. But with Ripple, it’s actually very obvious.
Some of the reasons why investors gravitate toward it include: low fees, easy accessibility, scalability, and it is institutional investor friendly. Plus, the banks really like it a lot too, because they are heavily invested in it.
Right now, Ripple currently trades for $.58 per digital coin. That gives it a total market cap of $58.13 billion, which is huge!
Stellar a.k.a. XLM
The next item on the agenda is called Stellar, and it’s an exciting digital currency with plenty of upside. Ticker symbol XLM might be less known than Bitcoin and other more popular digital currencies. But it has a solid market cap and a lot of interest nonetheless.
And speaking of market cap…
At the moment, XLM currently trades for $.25 per digital coin. This gives the currency an overall market cap of $26.65 billion. And it trades nearly $1 billion worth of digital currency per 24 hours, which means it’s an active investment.
Are there other reasons why Stellar is so popular?
It’s available to trade on many exchanges. It’s considered a safer option when compared to XRP. It possesses KYC functionality. And the team behind this cryptocurrency is amazing, so it has tremendous growth potential.
Uniswap a.k.a. UNI
I don’t know about you, but I love cryptocurrencies that have tremendous levels of interest. And I like the ones that trade for a significant amount of money. And they need to have a fairly decent market cap in the billions to pique my interest too.
Guess what? UNI meets all of my strict standards as a high-quality cryptocurrency IRA investment. And even better, it’s currently trading in a small range, which means it’s poised to gain value pretty soon.
Based on current information, the digital currency named UNI is presently trading for $17.29 per digital currency. This gives it a total market cap of $17.29 billion, which is certainly nothing to ignore. Investors only pump billions of dollars into an investment if it’s worth their while.
Other highlights include:
- It’s a mainstream investment
- It’s accrued actual revenue
- It has a real cash flow
- It’s being backed by a strong and passionate community
Litecoin a.k.a. LTC
At this point, I’d like to draw your attention to LTC. This valuable cryptocurrency has intense institutional backing. And it’s currently one of the top traded cryptocurrencies on the crypto exchanges.
Besides everything already mentioned, the current available trading price of Litecoin is $118.43. This certainly proves that it’s a highly sought-after investment since it has such a high trade value. Also, the total market cap at this time is $8.07 billion, which is plenty in my opinion.
Besides the obvious, you should consider LTC for your cryptocurrency IRA because:
- Its algorithm is simpler
- It uses powerful blockchain technology
- It has a strong and effective algorithm
Polkadot a.k.a. DOT
Overall, you have to love DOT because it’s definitely considered a best-of-breed investment in the cryptocurrency market. That’s why I’ve added it to my top 10 favorite cryptocurrency IRA investments.
At the moment, DOT is now trading for $12.59. This cryptocurrency also has a $13.55 billion market cap, which makes it one of the top 10 cryptos based on market cap.
Do you know what else i like about Polkadot?
- It has faster processing speeds than Bitcoin, which makes it ultimately scalable
- It is still trading nearly 6 times higher than its most recent low of $2.81 per coin
Plus, institutional investors haven’t turned their back on it, which means they see a bright future in DOT. And so do I.
Chainlink a.k.a. LINK
I’m happy to tell you that LINK is still going strong. This is even true with the most recent pullback slowing down its progress.
I just looked up the current price, and right now it’s trading for $15.40 per digital currency. That means the total market cap is $15.40 billion. And within the last 24 hours, it has traded $562.90 million worth of currency, which is amazing.
What does this tell us? It tells us that LINK still has a very bright future in the cryptocurrency world. And even better, it shows us that it isn’t going anywhere anytime soon.
USD Coin a.k.a. USDC
Did you know that USDC is the seventh most popular cryptocurrency by market cap? The digital currency itself trades for one dollar and that will never change. But the overall market cap is way up there at $26.12 billion.
Do you know what else? USD coin is much better than a fiat currency because it has real world backing. You can buy it on all of the popular exchanges, it’s considered a stable coin, it will not fluctuate, and it’s such a hugely valuable investment.
Do yourself a favor and read my top 3 recommendations for the best cryptocurrency IRA companies. You’ll learn about each organization and this will help you choose the best one to meet your needs.
Cardano a.k.a. ADA
This digital currency is great for plenty of reasons. But one of my favorites is that it trades for a very low dollar amount, which makes it easily accessible. Until it started trading in fractions, Bitcoin was basically inaccessible to most people. You’ll never have that same problem with ADA.
Currently, ADA is trading for $1.16 per digital coin. This may seem cheap, but it’s actually the fifth most expensive cryptocurrency based on market cap. The overall market cap at the moment is $37.41 billion, which is fairly hefty.
Besides the popularity of this digital coin, other reasons to add it to your cryptocurrency IRA include:
- It’s managed by an excellent team
- It’s practical and easy to use
- It has tremendous market potential
- It has big capitalization
Ethereum a.k.a. ETH
Last but not least, ETH is the second biggest cryptocurrency below Bitcoin. It has a tremendous market cap at $236.41 billion. And at the time of this writing, ETH trades for $2024.05 per crypto.
Are you impressed? You should be. Some of the biggest investors in the world have pumped billions of dollars into Ether. It’ll make the perfect addition to your cryptocurrency IRA.
There are many options to choose from when you look to invest in cryptocurrency for the long term. Today, I shared 10 of my all-time favorites with you. Each one of these crypto choices would make an excellent investment. And best of all, they would make an outstanding addition to your cryptocurrency IRA for the long haul.
To get started, please read my top 3 review of the best cryptocurrency IRA companies in business right now. This information will help you choose the perfect organization to put you on the path to a healthy retirement future.