Will these 10 cryptocurrencies help in your retirement plan?

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 Will these 10 cryptocurrencies help in your retirement plan?
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  • Cryptocurrencies are inching closer to being part of the mainstream financial system, including retirement savings.
  • Cryptocurrencies are risky but can be profitable investments if investors pursue some caution and market understanding.
  • Bitcoin, Ethereum, Stellar, Tether and many other cryptocurrencies that are doing well in the crypto market.

Why not invest in cryptocurrencies, make money, and take an early retirement?

This is a question that has been capturing the imagination of most of us amid rising popularity and acceptance for cryptocurrencies. Bitcoin is one such cryptocurrency that soared to its all-time high trading value above US$60,000 between February 2021 and April 2021, from US$20,000 in early 2020. There are slew of new emerging altcoins, different forms of cryptocurrency with distinct benefits and drawbacks compared to Bitcoin.

As digital money continues to get traction, some cryptocurrencies enjoy immense popularity among investors. However, cryptos come with certain risks. For investors seeking early retirement, expecting a cryptocurrency investment to continue soaring is a risky gamble.

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People close to their retirement often look at certain elements before making their retirement portfolio, which involves long-term growth potential of the investment, consistent returns and associated risks. The best cryptocurrency to buy is determined by the level of experience with digital assets and risk appetite of the investor.

Don’t Miss Reading: What are technically advanced cryptocurrencies? Which is the most prominent digital currency?

Here’s a look at 10 cryptocurrencies that can be considered by investors making their retirement portfolio.


Bitcoin was created in 2008 by a group of people named Satoshi Nakamoto.

The most popular digital asset crossed US$60,000 mark in February and March this year before crashing down between US$30,000 and US$40,000 in recent months. Bitcoin has the current market cap of US$595.9 billion and was trading at US$31,694 at the time of writing on 16 July.

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However, Bitcoin has always risen from every price crash, forcing many traders and investors to believe in the asset with growing acceptance. Traders are likely to gain from its high liquidity regardless of market stability until it continues to exist.

Bitcoin Cash

Bitcoin Cash is a cryptocurrency that was derived from Bitcoin and was launched in 2017. Bitcoin Cash was created with the intention of having a bigger block size than Bitcoin, enabling for more transactions to be stored in a single block.

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Bitcoin and Bitcoin Cash use Proof of Work mechanism to mine new coins. The block size in BCH is raised from 1 MB to 8 MBs, with the notion that larger blocks may store more transactions, resulting in faster transaction speeds.

Bitcoin Cash has the current market cap of US$8.6 billion and was trading at US$455.98 at the time of writing on 16 July.


Ethereum is the second-largest crypto by market cap. It is a decentralised platform that enables smart contracts and decentralised applications to be built and run without any control. It permits developers to form their own crypto using the Ethereum network.

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However, transactions can take longer to process as it only has one lane for conducting transactions. The native crypto of Ethereum platform is called as Ether. The crypto was introduced in 2015 and had reached US$4,000 per token in June before falling near US$2000 per token at present.

Ethereum has a current market cap of US$223.9 billion and was trading at US$1912.08 at the time of writing on 16 July.


Stellar is an open blockchain network created to give business solutions by linking financial institutions for the objective of big transactions. Massive deals between banks and investment firms may now be completed very instantly with no middlemen and at a low cost to the parties involved.

ALSO READ: What are top 10 Altcoins to explore in 2021?

Stellar has a current market cap of US$5.81 billion and was trading at US$0.2447 at the time of writing on 16 July.


Tether is a stablecoin, a form of cryptocurrency that seeks to keep cryptocurrency prices stable, as opposed to the dramatic price swings observed in other popular cryptocurrencies such as Bitcoin and Ethereum. It is the most valuable stablecoin in terms of market capitalisation.

Tether’s price is connected directly to the price of the US dollar. Tether has the current market cap of US$62.02 billion and was trading at US$1 at the time of writing on 16 July.


Ripple is a digital payments network that conducts transactions using the Ripple cryptocurrency. Ripple is the firm behind the XRP coin, which appeals to investors because it distinguishes itself from other cryptocurrencies by allowing for international transactions.

DO READ: Three reasons why Dogecoin can reach US$1

Ripple has the current market cap of US$27.83 billion and was trading at US$0.5985 at the time of writing on 16 July.

Source: Copyright © 2021 Kalkine Media


Polkadot is distinct from Ethereum (its parent coin) as it was formed as a result of research into the challenges that blockchain networks may encounter in the future as cryptocurrency becomes more widespread. One of the currency's unique characteristics is that it runs on a network that links to other blockchains.

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Polkadot has the current market cap of US$12.99 billion and was trading at US$12.73 at the time of writing on 16 July.


Uniswap is an Ethereum-based system for creating liquidity and trading ERC-20 tokens, which is completely decentralised. Hayden Adams, a former Siemens mechanical engineer, founded it in 2018. It eliminates wasteful rent extraction and trusted intermediaries, allowing for a rapid and efficient trade.

ALSO READ: Which are top 10 cheapest cryptocurrencies to keep an eye on?

Uniswap has the current market cap of US$10.04 billion and was trading at US$17.04 at the time of writing on 16 July.


Litecoin, like Bitcoin, is based on an open-source worldwide payment system that is decentralised and not controlled by any central authority. It was created in late 2011 by Charlie Lee, a former Google and Coinbase developer.

The processing speed of these cryptocurrencies is one of the qualities that sets them apart from others. It has received a lot of interest since its processing is considerably faster than Bitcoin.

Litecoin has the current market cap of US$8.43 billion and was trading at US$125.62 at the time of writing on 16 July.


Cardano was launched in 2017 and was founded in 2015 by Charles Hoskinson, a co-founder of Ethereum. It features a two-layered design, one for settling transactions with the lowest possible transaction fees and the other for running smart contracts and decentralised applications.

Cardano has the current market cap of US$39.48 billion and was trading at US$1.23 at the time of writing on 16 July.


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