It is further facilitated by the younger generation of internet users. They put in all their energies to know about such finance that is particularly based on a digital network and is globally connected.
Major companies like Tesla, Square and others have put millions of dollars into the crypto market to make it mainstream.
Add to that, the hedge funds have also made a serious impact in this field and its upward price movements.
All these are very good indications about the prospects of cryptocurrencies in spite of some natural resistance to the mass adoption of this new technology.
It will upend the current financial system one day, making it a good asset to invest in and make a fortune.
With an annual growth rate of more than 11%, the crypto market will be worth $2 billion in the next four years, according to reports and the opinion of the critics.
If you want to make the most out of it you should invest in it early as well. However, choosing one particular crypto coin to invest in from a list of thousands is not easy, but this article will surely help you out.
- 10 Best Cryptocurrencies to Buy for Early Retirement
- 1. UNI – Much Better Prospects and Trading Signals
- 2. BCH – An Offshoot of Bitcoin
- 3. DOT – Huge Growth Potential
- 4. XRP – Utilized by Banks
- 5. ADA – A Large Number of Staking Addresses
- 6. USDT – Supported by the US Dollar
- 7. LTC – One of the Earliest Forks of Bitcoin
- 8. XLM – Grown in Value Significantly
- 9. ETH – Second Most Expensive and Popular Coin
- 10. BTC – High Market Cap
10 Best Cryptocurrencies to Buy for Early Retirement
Keeping all of the above facts in mind, here is a list of ten best crypto coins to invest in for an early retirement, in no particular order.
All these crypto coins are selected on the basis of their growth potential, price, ease of access and use.
1. UNI – Much Better Prospects and Trading Signals
This platform uses the network of Ethereum blockchain and facilitates making transactions using different types of crypto coins. All exchanges are essentially made in UNI coins.
Created by Hayden Adams, it has gained notable popularity among the crypto enthusiasts in as little as 3 year’s time.
2. BCH – An Offshoot of Bitcoin
With its significant rise in value within the first year of its launch, it was further divided into Bitcoin SV in the following year.
Bitcoin cash is much different from the original Bitcoin and is quite capable of processing transactions much faster.
This allows it to provide other additional benefits to its users such as low transaction fees, reduced wait times and ability to handle larger numbers of transactions.
It is surely a good prospect to look for investing in for an early retirement.
3. DOT – Huge Growth Potential
Polkadot or DOT, created by Gavin Wood, who is also one of the founders of Ethereum, is another popular and good crypto coin to invest in 2021 for an early retirement.
DOT coin comes with huge growth potential and has gained in value over the years significantly since its launch in 2017.
The unique feature of DOT is that it allows connecting with other blockchains through its network.
This eliminates the chances of any issues that the blockchain network may encounter in the future as and when this crypto becomes more popular and widely accepted.
This is bound to happen due to the fact that major payments companies of the world such as MasterCard and others are backing up this new technology.
4. XRP – Utilized by Banks
Ripple, with its native XRP coin, is a platform to make digital payments and along with that it also offers a wide variety of services through its network that are used by more than a hundred traditional banks and financial institutions.
It was created by Arthur Britto, David Schwartz, and Ryan Fugger and debuted in 2012. Among its various services provided, one that is unique and needs specific mention is its secure messaging service. This is called XCurrent Messaging.
With all these features and functionality along with the largest market cap, XRP of Ripple is one of the best crypto to consider investing in now for an early retirement.
5. ADA – A Large Number of Staking Addresses
The Cardano blockchain platform and its ADA cryptocurrency come with a large number of staking addresses.
In fact, it has more than 650,000 of them on the network, as on June 27. This sure is an indication for its popularity and significance in the crypto world.
Crypto enthusiasts are naturally attracted towards it and invest in this coin in hope to secure their early retirement plans.
Coming from the Ethereum family of coins, this platform was launched in 2017 and within just four years it has gained a lot in value and is now among the top five cryptocurrencies of the world as far as market capitalization is concerned.
6. USDT – Supported by the US Dollar
Tether is issued on a variety of blockchain platforms such as Bitcoin, Ethereum, and more.
Incorporated in Hong Kong, Tether has its offices in different places in Europe as well.
The mining operations of this open source P2P blockchain-based crypto coin is led by Marathon Digital Holdings and other technological companies.
This makes it more significant in the crypto world as well as a good prospect for early retirement investments.
7. LTC – One of the Earliest Forks of Bitcoin
Launched in 2011, Litecoin or LTC is much similar to Bitcoin. It is one of the earliest spinoffs of Bitcoin but it has a transaction speed that is four times more than its parent coin.
The Litecoin network also differs from Bitcoin in lots of other aspects as well such as in the hashing algorithm, in the time to generate a block, as well as in the number of coins.
Founded by Charlie Lee, an ex-employee of Alphabet Incorporation, Litecoin also features in the list of top five cryptocurrencies with largest market capitalization which makes it a good enough choice to invest in for early retirement.
8. XLM – Grown in Value Significantly
Stellar is a reliable payments network which allows converting digital coins to fiat currency by using its XLM coins.
In addition to that, this network also allows making transactions across borders for low transaction fees.
Stellar was developed by Joyce Kim and Jed McCaleb and was launched in 2014. Since then it has grown in popularity and value of its native coin XLM has also grown significantly.
Users who usually do not want to go to the traditional banks to transfer money prefer using the XLM coins. It is fast, easy, and secure.
XLM, in fact, is one of the best Altcoins available in the market today that are mined by Riot Blockchain and other similar firms which make it a strong contender in this list of crypto coins to invest in 2021 for an early retirement.
9. ETH – Second Most Expensive and Popular Coin
Ethereum is an open-source decentralized blockchain launched in 2015. Its native coin ETH is the second most popular crypto coin after Bitcoin and is also the second most expensive one available in the market today.
Developed by a computer programmer of Russian-Canadian origin Vitalik Buterin, this coin is considered to be a more secure, stable, prospective, and environmentally-friendly alternative to Bitcoin.
A lot of crypto critics and market analysts believe that ETH will soon surpass the popularity of Bitcoin.
Over the past couple of years, ETH has gained a lot of traction and value as a digital payment mechanism which makes it one of the most viable options to invest in 2021 for an early retirement.
10. BTC – High Market Cap
The last and probably the best option to invest for early retirement is Bitcoin.
This is the largest crypto coin that comes with a high market capitalization in comparison to all other crypto coins in the world.
This cryptocurrency works on a blockchain network that includes verified nodes through which all the transactions are made. Initially released in 2008, the market value of this coin went as high as $64,000 in April this year.
Arguably created by Satoshi Nakamoto, Bitcoin is favored by some of the largest and renowned companies like Tesla marking its importance in the crypto world.
Making plans for an early retirement can be made successful by investing in crypto coins of specific types that come with a good prospect.
You may choose one from the list above but do also pay close attention to hedge fund sentiments.