Are you looking for the best cryptocurrency to invest in 2021 for long term? With over 5,000 cryptocurrencies out there, it is not easy to make a choice. Most people would advise you to invest in Bitcoin or any of the other top 10 cryptocurrencies. While that’s good advice, it’s not for everyone. Here, I am going to tell you about a cryptocurrency that will increase by at least 500% in one year, if not more. So, if you are looking to make this much return from your investment, keep reading.
Why Bitcoin and ETH are Overrated
Bitcoin and ETH are two of the oldest cryptocurrencies. As one of the first digital currencies, they got the early-bird advantage and are now leading almost all charts across crypto exchanges. Now, I’m not saying that these are bad investments, but these are certainly not for everyone.
Bitcoin is a highly volatile cryptocurrency. Its price can go up or drop by as much as 30-50% in just one week, as we have seen historically. Those who are not prepared for such dramatic movements, such as beginners, will most likely sell their cryptos in panic, incurring a huge loss. The same is true for ETH and other popular cryptocurrencies.
This is why it’s recommended to start your crypto journey with cheaper yet high potential coins such as the Libra Coin.
Why Libra Coin is the Best Crypto Investment in 2021
Libra coin is a fast-growing cryptocurrency that has already proved its potential in the market. Since the launch, the coin price has increased by over 100% and is attracting retail and institutional investors alike.
The reason why the Libra coin is already so popular is that it is backed by a strong project with realistic goals. The Libra project involves building a futuristic blockchain platform with the aim to provide solutions for the most challenging problems of the e-commerce industry.
According to a research article, “The global e-commerce market size was valued at USD 9.09 trillion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 14.7% from 2020 to 2027.”
That means e-commerce is one of the fastest-growing industries today. Yet, the e-commerce traders, sellers and buyers are unable to fully utilize the potential of this digital innovation mainly because of the limitations imposed by traditional, centralized systems.
Most of the existing e-commerce systems are centralized, i.e. controlled by a specific entity or entities who have the actual power in the system. There are multiple limitations of such a centralized e-commerce system, which include lack of financial services, a huge competition, the need for middlemen, high transaction/payment charges, complex process, lack of security & privacy, fraudulent actors, complex investment lifecycle, and limited and expensive payment options.
All these problems and more can be solved by the inclusion of blockchain technology in the e-commerce industry. That’s exactly what the Libra project is offering to do in eCommerce.
As the native digital currency of the Libra Ecosystem, the Libra Coin would be used to access the Libra blockchain e-commerce platform as well as for the exchange of products/services on the platform. While sellers can use the platform to transact peer-to-peer with potential buyers with complete security and transparency and using ETH/LC cryptocurrencies, blockchain enthusiasts can use the open-source blockchain to build their own innovative e-commerce solutions, online stores, shopping carts, etc.
To read more about the best cryptocurrency to invest in 2021, visit www.libraecosystem.com