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Best Cryptocurrency 2021: Top Performing Crypto Bitcoin and Shiba Inu Prices – And is it Safe to Invest?

Best Cryptocurrency 2021: Top Performing Crypto Bitcoin and Shiba Inu Prices - And is it Safe to Invest?

If we say that cryptocurrency has become oxygen for traders, then it will not be a lie. The traders breathe in and breathe out crypto-currency. The fact is that it is all about passion!

Cryptocurrency has successfully won the hearts of people all over the world. The price of Bitcoin is insane. Check it in your currency here – safetradebinaryoptions. This attribute makes it a high-risk investment opportunity. But still, people invest and earn a handsome amount.

Are you curious about learning cryptocurrency? Then, you are at the right place. Here in this article, you will learn the top-performing cryptocurrency in 2021.

Let us jump on the bandwagon!

Starting with the basics, what is cryptocurrency? Cryptocurrency is the digital currency that you can store in your digital wallet and use for trading purposes. Despite its 2009 discovery, it already has over 13000 different coins, and its unexpected popularity has elevated it to the top of the internet market.

Is it Safe to Invest in Cryptocurrency?

Is it safe to invest? This question arises in everyone’s mind, whether you are a newbie or an observer. However, everyone is at the pace of having multiple income streams to enjoy a quality life.

Its meteoric growth in recognition has been topped-up via record-breaking stock market boosts since the bend of the year. Moreover, Twitter highlighted celebrities such as Elon Musk and Snoop Dogg. This year in February, Elon Musk’s own business Tesla bought $1.5 billion (£1.06 million) in Bitcoin, and 03 months later, SpaceX revealed intentions to send Dogecoin to the ‘actual moon.’

Due to sudden price modification in cryptocurrency round the clock, large swings take place. That swing either maintains or reaches desirable outcomes.

Elon Musk recently expressed his concern for the environment. He tweeted that his company, Tesla, will no longer accept Bitcoin payments. Resultantly, the market faces spiral moves. Another sign of a negative trend was China’s announcement that it would extend its rules on cryptocurrency trading and exchanges.

Because of its erratic movement, regulatory agencies such as the UK Financial Conduct Authority (FCA) have warned that bitcoin is a high-risk investment. However, crypto consumers appear unconcerned, with many believing that the potential returns outweigh the risks.

Performance-Based Best Cryptocurrencies in 2021:

● BITCOIN:

It is the first crypto in the world, as well as the most well-known and graded. With a market valuation of £523 billion, Bitcoin is paving the means for others to pursue.

In April, Bitcoin touches exotic peaks when the price of one Bitcoin climbs at £47,240.05, but in May, the cryptocurrency faces a full-scale fall. Bitcoin is currently valued at £42,009.03, representing a 388.21 percent rise in a year.

On the tweet of Tesla and China, bitcoin blows with a positive trend of 18.12 percent in a week and 3.45 percent in the last 24 hours. Although it is the oldest crypto, its market distinction is as hard as it has ever been.

● DOGECOIN – SHIBA INU:

Dogecoin is a latecomer but one of the vastly prominent cryptocurrencies. It has received public backing from Elon Musk, Snoop Dogg, and others, as well as Saturday Night Live.

Dogecoin was a result of a joke, which is the broadly intriguing fact about it. Dogecoin is a cryptocurrency that is associated with a distinct species of dog. When it was listed, the Shiba Inu became an online meme.

Doge has increased 8,314.54 percent in the previous year, which is incredible to a new rate of £0.17p, with a 5.38 percent growth.

Since the demand drops in May, it attained an exotic elation of £0.5274, with traders hoping to push it to the counterpart of $1 (approximately £0.71p) before the year winds up.

The Takeaway:

If you’re about to invest in crypto coins, keep in mind that the significance of your investment is volatile and can go up or down. It is a fraud if a trader addresses you promising enormous profits. Anyhow, verify the seller before investing. All of the sellers you see are not genuine sellers of cryptocurrency. For your convenience, you should check the list of authentic sellers.

If you find this piece of information helpful, share your views in the comment section below!

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