Here's a List of Good Coins for Investment 2021

Here’s a List of Good Coins for Investment 2021

Here’s a List of Good Coins for Investment 2021 – in recent years, investing using digital currency or cryptocurrency has become increasingly popular and popular. There are many types of currencies or digital coins that are popularly used as investment instruments, one of the most popular is bitcoin which is a good coin for investment in 2021 and is predicted to continue to be positive in the future.

Along with the development of increasingly sophisticated technology, investing is now easier and can be done at any time. In addition to investing using gold and stocks, investing with crypto money is also currently popular. So what exactly is crypto and how does this type of investment work? If you want to know more, make sure to check out the

Understanding What is Crypto

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Crypto or cryptocurrency is an encrypted digital currency with sophisticated logarithms to regulate and monitor fundraising and other online transactions. This makes crypto transactions do not require intermediaries so that they are more practical and secure.

Payments for this good crypto currency or coin for 2021 investments are made peer to peer or directly from sender to recipient. The crypto currency adopts a decentralized network based on blockchain technology. In addition, crypto is also not issued by government financial authorities so in theory cryptocurrency cannot be interfered with by the government.

Although it is not yet considered a legal tender, all transactions made by cryptocurrencies are still recorded in the system on the network. Recording is usually done by cryptocurrency miners and will get a commission in the form of digital money used in transactions.

Currently, there are several types of cryptocurrencies that are good coins for 2021 investments, including Bitcoin, Litecoin, Ethereum and many more. To more easily understand cryptocurrencies, understand the following characteristics:

  • Digital: crypto is digital money that does not have a tangible form such as coins or paper money
  • Peer to peer: crypto money is passed from sender to recipient online without any intermediaries
  • Global: crypto is global and applies to all countries as long as the country recognizes crypto money
  • Encrypted: crypto accounts do not use real names and identities. The user is hidden, but everyone can see all transactions that occur on the blockchain. Crypto transactions also have no rules so they are free according to the speed of the sender and recipient
  • Decentralized: cryptocurrencies are not managed by servers or involve a bank as a repository.
  • Truthless: users can send money online without having to entrust money or information to third parties or banks

Crypto Currency Functions

Crypto currency or cryptocurrency has become one of the innovations in investment and payments. This digital currency also has several functions, including:

  1. Goods or Services Transaction

Crypto currency can be used for transactions alias as a medium of exchange. Currently, there are several countries that have officially allowed cryptocurrencies as legal tender, such as El Salvador and Paraguay. Not only that, now many merchants and retailers have also accepted cryptocurrency as a means of payment.

  1. Investation

The next function of crypto is as an investment instrument which is quite popular today. Crypto has become one of the good coins for 2022 investment because it is able to beat inflation. In Indonesia itself, crypto cannot be used as a legal means of payment. However, the government has allowed the public to have crypto money as an investment asset. There are at least 229 types of cryptocurrencies that are recognized by CoFTRA and can be traded legally in Indonesia.

  1. Mining

One more function of digital currency is related to mining or mining. Mining itself is a process of searching for digital currency which is done using a computer device by solving complex mathematical problems or puzzles. Usually the mining process is carried out simultaneously by many people from all over the world with sophisticated computer devices and internet connections.

Cryptocurrency Development in Indonesia

Crypto currency began to be known in Indonesia since 2009 especially for the type of Bitcoin. However, the technology has been developed in the previous few years. Over time, cryptocurrencies have shown a fairly rapid development. This can be seen from the increasing number of investors who are interested in investing in the digital currency.

Based on the letter of the Coordinating Minister for the Economy No S-302/M.EKON/09/2018, crypto assets are prohibited as a means of payment. However, this digital currency can be used as an investment tool to be included as a commodity that can be traded on the futures exchange. Crypto trading itself in Indonesia is approved and supervised by the Commodity Futures Trading Regulatory Agency (CoFTRA).

The development of crypto assets in recent weeks has also shown a bright spot. Bitcoin is currently above $50k for the first time since mid-May. This shows that crypto assets have a value that tends to increase so that more and more people are interested in buying them with predictions of coins that will rise in 2021.

Currently the number of crypto investors in Indonesia has more than 4 million people. This figure is not much different from the number of capital market investors which reached 4.5 million. This investor data shows the development of cryptocurrencies in Indonesia which is quite positive both in terms of commodities and investment in crypto assets.

According to several economic analysts, crypto investment in Indonesia will still show a positive trend over the next few years. This is due to the fact that the price of crypto coins tends to increase from time to time, thus encouraging people to buy them as one of the promising investment instruments in the future.

Legal Basis Regarding Crypto or Digital Currency

In Indonesia, the rules and legal basis regarding digital currencies or cryptocurrencies are regulated and supervised by CoFTRA. The legal basis for crypto trading used by CoFTRA are:

  • Law No.10 of 2011 on Amendments to Law No.32 of 1997 on Commodity Futures trading.
  • Regulation of the Head of CoFTRA No. 3 of 2019 concerning Commodities that can be subject to futures contracts, sharia derivative contracts, and/or other derivative contracts traded on futures exchanges
  • Regulation of the Minister of Trade Number 99 of 2018 concerning general policies for the implementation of futures trading of Crypto Assets (Crypto Assets)
  • Commodity Futures Trading Supervisory Agency Regulation Number 2 of 2019 concerning the Implementation of the Physical Commodity Market on the futures exchange
  • Commodity Futures Trading Supervisory Agency Regulation No. 5 of 2019 concerning Technical Provisions for the Implementation of the Physical Market of Crypto Assets on futures exchanges
  • Regulation of the Commodity Futures Trading Supervisory Agency number 6 of 2019 concerning the application of anti-money laundering and prevention of terrorism financing programs related to the implementation of the physical commodity market on the futures exchange
  • Commodity Futures Trading Supervisory Agency Regulation No. 9 of 2019 concerning amendments to the regulation of the Commodity Futures Trading Supervisory Agency number 5 of 2019 concerning Technical Provisions for the Implementation of the Physical Market of Crypto Assets on the Futures Exchange
  • Commodity Futures Trading Supervisory Agency Regulation No. 2 of 2020 concerning the second amendment to the Regulation of the Commodity Futures Trading Regulatory Agency No. 5 of 2019 Technical provisions for the implementation of the physical market for crypto assets on the futures exchange.
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Everyone who is interested in investing in crypto, must comply with the basic rules that have been approved by CoFTRA. If not, then the investment you make will be considered illegal so that it can bring losses in the future. In addition, make sure to choose the best crypto market to make it safer and in accordance with the regulations set by the government.

How Cryptocurrency Works

Cryptocurrency is a digital currency that can be transacted by anyone around the world. Crypto trading is carried out online using devices such as PCs or mobile phones with the help of the internet network.

In crypto transactions, both parties who make transactions, both senders and recipients of crypto money will get information on the transactions made. This good coin transaction for investment 2021 is equipped with a digital signature via a private key in the cryptocurrency system. Furthermore, transactions that have been confirmed will be stored permanently and no party will be able to change or manipulate these transactions.

Meanwhile, based on what was published by CoFTRA, how cryptocurrency trading works is as follows.

  • Prospective customers open accounts with crypto asset commodity traders
  • If the registration process is successful and you pass a series of Know Your Customer (KYC) procedures, the potential customer will be approved as a customer or potential investor and will get an account to transact.
  • Customers make transactions through crypto asset commodity traders
  • Transactions can be in the form of exchanging (purchasing) assets with Fiat Money (IDR) or vice versa. Furthermore, customers can also make exchanges between crypto assets or put a quote on the selling price or buying price of crypto assets.
  • Make a deposit to a separate account of a crypto asset commodity trader
  • Funds in the account used to purchase crypto assets a maximum of 70% will be deposited in the clearing house and the remaining 30% will be deposited with crypto asset commodity traders
  • Crypto asset transactions (public and private key) will be stored by crypto asset commodity traders in the storage manager, both hot wallets and cold wallets.
  • There are financial records between crypto asset commodity traders and futures clearing institutions including crypto asset ownership records
  • The futures clearing house will verify the financial amount with crypto assets that are in the depository manager
  • Reporting transaction data from crypto asset commodity traders, futures clearing institutions and futures exchange managers as price references and market monitoring.

Advantages of Cryptocurrency

Currently, crypto or cryptocurrency is becoming one of the best types of coins for long-term investments. This is because the selling value of crypto currencies tends to increase significantly from time to time. So don’t be surprised if more and more people are interested in buying crypto money as an investment instrument for big profits in the future.

Although it has been proven to be profitable, there are still many pros and cons about investing using this digital currency. However, it is undeniable that cryptocurrencies have various advantages, including:

  • Universal

One of the advantages of a good coin for 2021 investment is that it is universal. That means crypto money can be used all over the world at the same time. This is certainly different from fiat currency, the use of which must involve banks.

  • Fast

Transactions using crypto currency are much faster when compared to regular currencies. This is because cryptocurrencies utilize blockchain technology.

  • Transparent

Another advantage of this digital currency is that it is transparent. That means every cryptocurrency user can see all transactions that have been made. However, the transaction history is only in the form of numbers so that the confidentiality of identity is guaranteed.

  • User Has Full Control

Each cryptocurrency user is responsible for the crypto assets they own.

  • Good investment potential

Crypto is currently one of the most popular investment instruments. This is because crypto investments can bring huge profits. Even according to some analysts, crypto investment has positive potential in the future and is predicted by 2030 to have the potential to become a world currency.

  • Ease of Access and Transactions

Cryptocurrencies use a decentralized system so as to eliminate the weak points of the banking system by providing direct access to consumers without the need for third-party intermediaries.

  • 24 hour transaction

Another advantage that cryptocurrencies have is 24-hour non-stop transactions. With this advantage you can make transactions at any time for crypto coins that will go up. In this way, the chances of getting a profit will be even greater.

Lack of Cryptocurrency

Apart from offering many advantages, cryptocurrencies also have drawbacks that you need to be aware of before deciding to buy one so you don’t regret it. Here are some disadvantages of crypto currency that you need to know.

  • Value Volatility

One of the drawbacks of this digital currency is that it has a fairly high volatility in value. This means that crypto money has a very dynamic movement. Crypto money can have a very high value suddenly but can also weaken drastically in a short time.

  • Not Many Countries Recognize

The next drawback of a good coin for investment in 2021 is that it can’t be used as a legal tender yet. Currently, not many countries recognize crypto as a means of payment, including Indonesia. Even some countries also prohibit the existence of buying and selling crypto money in their country. In Indonesia itself, the government only allows crypto money as an investment instrument.

  • Vulnerable to Crime
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The next drawback of using digital currency that you need to be aware of is that it is vulnerable to crime and fraud. One example, such as crypto exchanges in Turkey, namely Vebitcoin and Thedox, actually caused problems because of fraud so that crypto investment activities were stopped by the country’s authorities.

  • Forgot Account Password Causes Big Problems

Cryptocurrency transactions are carried out online through user-created accounts in the best crypto merchant apps. Although it offers convenience, this method has the potential to cause big problems, especially if you forget your account password. This is because cryptocurrencies use a password system without a party setting it up. So when the user forgets the password, it will be difficult to recover it and it could end up with your crypto assets not being able to be reused.

Before deciding to enter the cryptocurrency business, make sure you understand the advantages and disadvantages of the digital currency. Although it offers great benefits, the risks are also quite large. Therefore, make sure before starting a transaction, first understand the pluses and minuses of this cryptocurrency.

Good Coins for Crypto Investment

If we talk about the types of cryptocurrencies, it definitely takes a long time to explain. This is because there are more than 2000 types of cryptocurrencies today scattered all over the world. However, not all types of cryptocurrencies can be traded freely.

In Indonesia alone, there are currently 229 types of cryptocurrencies that have been registered with CoFTRA and can be traded freely. All types of cryptocurrencies are clearly written in CoFTRA Regulation number 7 of 2020 concerning the Establishment of a List of Crypto Assets that can be traded on the physical market of crypto assets.

Although there are quite a few types, only a few types of cryptocurrencies are popular among investors. Here are some popular types of currencies that are good coins for investment in 2021.

1. Bitcoin

Bitcoin is one of the most popular types of crypto currency in the world, including in Indonesia. Bitcoin itself is the first type of crypto currency and at the same time the largest today.

Bitcoin was first introduced in 2009 by a pseudonym named Satoshi Nakamoto. Currently the market capitalization of Bitcoin is the largest in the world at US$ 752 billion. Not only that, the current value of Bitcoin has also skyrocketed when compared to the previous decade.

From year to year, the value of Bitcoin also continues to show a significant increase. In 2012, the price of Bitcoin was still around US$ 5-7 or the equivalent of Rp 45,000-Rp 63,000 per chip. However, at the beginning of April 2021, the price of Bitcoin had touched its highest point, namely at US $ 64,800 or the equivalent of more than Rp. 930 million per chip.

With the growth in the value of Bitcoin that tends to continue to increase, it is not surprising that more and more people are interested in making a good coin for day trading as a long-term investment instrument. According to some analysts, Bitcoin’s positive trend is also predicted to continue positive for the next few years.

2. Ethereum

Ethereum is a type of cryptocurrency that has the second market capitalization after Bitcoin. Ethereum or commonly abbreviated as ETH currently has a market capitalization of more than 520 billion US Dollars.

Not only is it known as a cryptocurrency and blockchain platform, Ethereum is also a program developer because of its potential applications. One of them is called smart contracts which execute automatically when conditions are met and non fungible tokens (NFT).

Ethereum currency is also experiencing tremendous growth like Bitcoin. In the space of one year, the price of the Ethereum coin has increased about 10 times. In April 2021 the price of ethereum has touched the figure of Rp. 40 million per chip, even though in 2020 the price is still Rp. 3.2 million. This fairly positive increase in the value of Ethereum makes it the best cryptocurrency for investment after Bitcoin.

3. Binance Coin

Binance coin or often abbreviated as BNC is a type of crypto currency with the third largest capitalization in the world. Currently the market capitalization of Binance coin is more than 88 billion US dollars.

Binance coin is a form of cryptocurrency that can be used to trade and pay fees on Binance which is one of the largest crypto exchanges in the world. Since its launch in 2017, Binance coin has grown by simply facilitating trading on the Binance exchange platform.

Nowadays Binance coin can also be used for trading, payment processing or even booking travel arrangements. This type of digital currency can be traded or exchanged for other forms of cryptocurrencies such as Bitcoin and Ethereum.

At the beginning of 2017, the price of Binance coin was only around 0.10 US dollars. However, as of October 2021, the price has increased to more than US$530. This means that the value of BNC’s profits has been more than 530,000 percent. With this significant increase in value, it is not surprising that BNC is one of the best types of crypto coins for long-term investments.

4. Tether

Tether is a type of cryptocurrency with the fourth largest capitalization in the world. Currently tether has a market cap of over 70 billion. Unlike other forms of cryptocurrency, tether is a stablecoin that is backed by fiat currencies such as the US dollar and the euro.

With its stablecoin nature, the value of tether is more consistent when compared to other cryptocurrencies. This makes tether favored by investors wary of the extreme volatility of other types of coins.

5. Solana

Solana is a type of cryptocurrency that currently has a market capitalization of more than 60 billion US dollars. This makes Solana managed to occupy the fifth position as the largest market capitalization in the world for now.

The Solana currency was developed to help support the use of decentralized finance (DeFi), decentralized applications (DApps) and smart contracts. This currency runs on a unique hybrid proof of ownership and proof of history mechanism that helps process transactions more quickly and securely.

Solana’s digital currency was launched for the first time in 2020 with a price ranging from 0.77 US dollars. But now, the price of the Solana coin has reached 201.91 US dollars, up more than 26,000 percent.

6. Cardano

Cardano (ADA) is another type of crypto currency that is also popular as an investment instrument. Currently Cardona has a market capitalization of more than 66 billion US dollars. This fact makes Cardano one of the promising crypto coins for 2022.

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Cardano’s currency was hit for embracing proof-of-stake validation. This method speeds up transaction times and reduces energy use and environmental impact by eliminating the competitive aspect. This is also a solution to the problem of verifying transactions on platforms such as Bitcoin.

Cardano also works like Ethereum to enable smart contracts and decentralized applications supported by ADA. Cardano’s ADA token has had relatively modest growth compared to other major crypto coins. In 2017, the price of the digital currency ADA was around 0.02 US dollars. However, currently, the price of ADA has reached 2.01 US dollars. That means the value of the ADA coin has increased by 10,000 percent.

7. XRP

In the order of the seven types of cryptocurrencies that are popular today is XRP. This digital currency has a market capitalization of more than 50 billion US dollars. Currently XRP can be used on the network of payment processing companies to facilitate the exchange of various types of currencies, including fiat currency and other major cryptocurrencies.

The cryptocurrency XRP is also showing a positive trend. At the beginning of 2007, the price of XRP was still in the range of 0.006 US dollars. Now the price of XRP has increased to 1.08 US dollars. With this significant growth, it is predicted that XRP could be a good coin for investment in 2021.

8. Polkadot

Polkadot or commonly referred to as DOT is a type of crypto currency that currently has a market capitalization of more than 43 billion US dollars. The launch of the polka-dot currency was originally intended to integrate a cryptocurrency network that connects various blockchains so that they can work together.

This integration allows XRP to change the way cryptocurrencies are managed and has driven impressive growth since the launch of the Polkadot coin in 2020. Over the past year, the price of the polka-dot currency has grown from 2.93 US dollars to 4.19 US dollars. With this growth, the Polkadot currency also has the potential to become a crypto coin that will rise in 2022. So don’t be surprised if polka dot currency transactions continue to increase every day.

9. USD Coin

USD Coin or commonly referred to as USDC is a coin that is included in the stablecoin category launched by Coinbase. USDC is also called digital dollar because the value of 1 USDC is always equal to 1 US dollar. This is a guarantee to the holder that this coin will always be stable in terms of price.

USDC can be used for payments, investments and trading. The USDC ecosystem will grow as other fiat tokens are added. A transparent and open source framework that fiat can use to interact with smart contracts. Currently USDC is ranked 22 on Coinmarketcap.com with a total of 253,787,737 USDC.

10. Dogecoin

Dogecoin is one type of crypto currency that is currently popular. Although it is a new coin in cryptocurrency, Dogecoin has been able to compete with other big names in the crypto market such as Bitcoin and Ethereum. With this development, you should know how to choose a good crypto for future investment.

By 2021, Dogecoin’s popularity has gained more than 5,000 percent. One of the factors that makes this type of crypto currency continue to strengthen is the support from Tesla CEO, Elon Musk. Some time ago, Elon Musk had written on his Twitter account that Dogecoin was his favorite crypto currency so that it became the best crypto coin in August 2021.

The way Dogecoin works is also not much different from other cryptocurrencies such as Bitcoin and Ethereum. Dogecoin runs on blockchain technology like any other cryptocurrency and uses cryptography to keep all transactions secure. According to some analysts, Dogecoin will continue to show a positive trend in the coming years.

11. Polygon

The next type of cryptocurrency that also shows a positive trend is Polygon (Matic). It is a new type of cryptocurrency that is being developed and tries to solve known problems in the Ethereum network and other blockchain ecosystems

One of the advantages offered by Polygon is that it adds a layer of security to all blockchains launched. By taking a multi-faceted approach, Polygon is trying to prove its own long common future while securing Ethereum’s prospects.

Polygon currency consists of four different layers with specific purposes, such as:

  • Ethereum layer
  • Security layer
  • Polygon mandatory network layer
  • Mandatory execution layer

12. Holochain

One more type of the best crypto coin 2021 is Holochain. Holo itself is a distributed platform between individuals for hosting distributed applications. While Holochain is a framework for distributed application development. Holochain’s presence in the cryptocurrency world aims to be a bridge for the wider internet. Holochain also provides an easily accessible distributed application marketplace and ecosystem.

Holochain can be used to develop various distributed applications (Dapps). Applications can be used for various needs such as networking for social media applications, governance, organization and many more. Projects like this are a good fit for Holochain because of their agent-centric nature. When building Dapps for Holochain, developers can use Lips and Javascript and there is also support for front-end languages ​​such as CSS, HTML, and JavaScript.

As of October 2019, HOT Coin is trading at $0.000950 and has a market cap of over $150 million. Currently Holochain has experienced significant developments to make it the 37th largest cryptocurrency by market capitalization.

But just like other cryptocurrencies, HOT has had its ups and downs over the years. HOT was traded with the lowest value of $0.00031 in June 2018. While the highest price occurred on May 29, 2019 of 0.002538. Despite its ups and downs, Trading Beasts predicts that HOT will increase this year.

In this era of digitalization, investment instruments are more varied and can bring greater profits. Cryptocurrency is one of the investment instruments that promises big profits. This is because the value of crypto currencies tends to increase continuously from year to year. It’s no wonder that more and more investors are interested in buying cryptocurrencies.

Even though it promises big profits, investing in crypto can’t be done haphazardly. You have to know the best strategy in crypto transactions in order to make a profit. The reason is that if you get the wrong strategy, you won’t get profit but it can actually bring big losses.