In this Crypto boom, it is really a bit confusing to choose one for making your investment. As they say, too many options always spoil us. This is applicable for Crypto investments. After the launching of Bitcoin, when people were not able to rely on Bitcoin, the Crypto lovers only used to invest in Bitcoin.
But gradually, with time, several other Altcoins are being introduced. Now the Crypto market has more than 6,000 different Cryptocurrencies. So, if you are thinking of investing, you have over 6,000 options, which is more than enough to get puzzled.
Basically, the Crypto market has three types of Crypto coins, which are as follows.
- Bitcoin.
- Altcoin.
- Stablecoin.
Before we guide you with where you should invest, let’s get an overall idea of these three types of Cryptocurrencies.
What is Bitcoin?
We honestly do not think Bitcoin needs any sort of introduction. When you get to know about the existence of Cryptocurrency, the very first name you get to know about has to be Bitcoin. Bitcoin is so popular that it is being used as the synonym of Cryptocurrency.
Satoshi Nakamoto is the name of the pseudonym figure who is behind the invention of Bitcoin. Since 2009, BItcoin has been the most popular Cryptocurrency with the highest value price. On 5th November 2021, Bitcoin reached its all-time highest price of $68,521.
What Is Stablecoin?
Stablecoins are another special type of Cryptocurrencies, which are designed to be pegged to another form of Cryptocurrency, or traditional fiat currencies, or in order to exchange-traded commodities.
Just think of a Cryptocurrency that is backed by any physical asset, commodities, or fiat currencies. These types of backed Cryptocurrencies are considered stable coins. In comparison to Bitcoin and Altcoins, these coins are not that much volatile.
What Is Altcoin?
Now, after getting the basic Idea of Stablecoin apart from the most popular Crypto, bitcoin, it is time to get some knowledge about Altcoins. So, what are these Altcoins? Apart from Bitcoin, all the other types of Cryptocurrencies are considered Altcoins.
Altcoins do share some of the characteristics of Bitcoin. Among them, volatile nature is the most common and prominent one.
Here is a list of top-performing Altcoins of 2021 with their Market cap.
| Altcoins | Market Cap |
| Ethereum (ETH) | Over $520 billion |
| Binance Coin (BNB) | Over $88 billion |
| Tether (USDT) | Over $70 billion |
| Cardano (ADA). | Over $66 billion |
| Solana (SOL) | Over $60 billion |
| XRP | Over $50 billion |
| Polkadot (DOT) | Over $43 billion |
| Shiba Inu (SHIB) | Over $41 billion |
| Dogecoin (DOGE) | Over $38 billion |
Where Should You Invest In 2021?
Now is the time to answer the evergreen question, among Bitcoin, Stablecoin, and Altcoin, where you should invest in 2021. When we are talking about the Crypto world, there is no thumb rule, which fits all.
For different persons, the rule will be different. For example, suppose you want to invest for the long run, and you are ready to take the risk. Bitcoin will be the best match to reach your investment goals. Using the bitcoin trader, you can start your Bitcoin trading from today.
On the other hand, if one of your colleagues is a beginner and not ready to take risks, the person can invest in Stablecoins. As Stablecoins are backed by physical assets of commodities or fiat currencies, the chances of losing your money are less.
At the same time, you do not want to invest a huge amount in Crypto coins, apart from Bitcoin. There are several other options of Altcoins to start your investment.
Final Verdict
Where you want to invest is totally you. You first need to be very specific about what you can afford and what you want to achieve. After that, plan your investment on the basis of them. You always have to keep in mind that wherever you are investing, you have to do proper research, consider the possible risk factors, and develop proper planning to counter those things.