It is no secret that cryptocurrencies have been steadily increasing in value for the last few years. The crypto market has grown exponentially and continues to do so, with a total market cap of over $1.8 trillion dollars. As more people invest in altcoins or “alternative coins”, they are helping to drive up their prices as well. This article will be going over the 5 top altcoins that we believe could potentially be worth investing your money in by 2021. Read on to find out which coins made our list!
Investing in Cryptocurrencies is a great idea because it offers an opportunity to make significant gains in the long term or even short term. The cryptocurrency market is still relatively new and has been growing exponentially over the past few years, making this a potentially lucrative investment opportunity.
Altcoins are cryptocurrencies that have their own blockchain or coin built off of Bitcoin’s or Ethereum’s Blockchain. Altcoins generally have different purposes than bitcoin: altcoin developers might focus on speed, privacy, governance efficiency, or other technologies.
That is why people should invest in these coins, which have the potential for big growth!
Buying Cryptocurrencies can be easily done through Cryptocurrency exchanges. Some popular CXs are Coinbase, Binance, Kucoin, Coinmama, Krake, Huobi, etc.
The first step is to select the desired Cryptocurrency on the exchange of your choice. After selecting a cryptocurrency and placing an order you will need to provide some personal information like name and address which can be used for KYC purposes or in case of any fraud suspicions.
After providing your personal information, you will need to deposit some money in Fiat currency (EUR, USD, AUD, CHF, etc) and then you will be able to buy or sell the cryptocurrencies of your choice.
According to our Fundamental analysis, Technical and Social analysis, we think that these cryptocurrencies are worth investing in:
There are many more coins and tokens that could be worth investing in, so it’s up to you to perform your own research and identify which one fits your needs the best.
Let’s see some stats regarding the suggested Cryptocurrencies:
Cardano is an open-source, decentralized public blockchain and cryptocurrency project. Cardano was founded by Charles Hoskinson, one of the cofounders of Ethereum. The best part about Cardano is that it has a dedicated team that ensures compatibility across this extraordinary blockchain platform and its Daedalus wallet app for iOS and Android devices. With this system in place, users can send or receive digital currencies with enhanced security levels enforced through cryptography.
I have been following the Cardano price trend since I first saw this coin. It has been on the rise for a few months now and I believe that this is one of the best altcoins to watch in 2021.
Cardano aims to build a public blockchain platform with more advanced functionalities than any protocol previously developed, while still maintaining simplicity and security. Cardano believes it can achieve this by using Haskell code: an expressive but fast programming language focussed on what something should do instead of how to do.
Cardano stands out as the ideal coin to follow for any cryptocurrency enthusiast. This coin has already seen success doing its job on the market and isn’t slowing down anytime soon!
The cryptocoin Monero (XMR) is one of the best altcoins to watch in 2021. It has a market cap of more than $5 billion, and its price per coin ranges around $300.
Monero first came into existence in 2014 as an open-source project with no premine or instamine at all. In fact, most transactions can be traced back to just three mining pools: one based out of China, another based out of Russia, and finally one basically located within US borders.”
The continuous development team behind this altcoin includes dozens of talented developers worldwide who work tirelessly every single day for months upon end trying their hardest not only to keep codebases updated and streamlined but to push Monero into mainstream adoption.
Ripple is a cryptocurrency created by the company Ripple. As of January 2020, XRP is consistently ranked in the top 10 Cryptocurrencies on coinmarketcap.com and has a market capitalization of $50 billion USD with an average price per token at $1.43.
XRP is cheaper and faster than Bitcoin.
With Bitcoin transaction fees on the rise and a complex mining process, many people are looking for other cryptocurrencies to invest in. Ripple is one of these options, with low transaction fees and fast movements.
XRP’s price keeps increasing even though the SEC Lawsuit. XRP has a strong potential to grow in the future as it becomes more widely adopted.
That being said, XRP is one of the most promising altcoins to watch in 2021.
Stellar is a decentralized protocol that can be used to transfer money. It was created by the founder of Ripple, Jed McCaleb, and the cofounder Joyce Kim who also helped in setting up Facebook’s first international office. The team has other prominent members on board as well including Keith Rabois from Square and David Mazieres from Stanford University.
The XLM token can be used to facilitate trades between currencies, including converting fiat currency to cryptocurrencies. It also facilitates the conversion of one cryptocurrency into another.
Called “the next generation of crypto” by experts in the blockchain space, this cryptocurrency is expected to be a game-changer.
The token of the network is called XLM which has been increasing in popularity over recent months and seems to be on its way up currently as of 19th of May 2021 valued at $0.57 USD per coin.
Ethereum Classic (ETC) is a cryptocurrency platform that provides smart contract functionality. Smart contracts are used to execute transactions without the need for any type of central organization or government. The Ethereum Classic platform has been around since July 2016 and currently has a market cap of $8,718,072,413 USD according to coinmarketcap.com
Ethereum Classic was created as an outcome of the hard fork which took place on 20th July 2016. This led to two separate blockchains being formed with identical records from before the fork up until 20:30 UTC on 19th July 2016
The community behind Ethereum classic believes in a decentralized currency system free from any form of censorship or interference while also providing everyone with equal access rights.
Ethereum Classic also provides a Turing-complete virtual machine that enables smart contracts, which are self-executing scripts. They have the ability to hold money or data and can be programmed with very specific instructions about who is allowed to enter their code and how an action will be affected in the system.
Ethereum Classic is clearly making significant gains. And there’s a notable uptick in interest among institutional investors recently.
Bitcoin Cash is a Bitcoin fork that was created in August 2017 when the developers disagreed with some changes being made to Bitcoin. It is one of the most popular cryptocurrencies in the world. It is ranked in the 10th position of Coinmarketcap.com and it is considered to be more efficient than bitcoin.
The new cryptocurrency has been rapidly gaining traction, and many people are looking into it because they believe BCH will be more profitable than BTC.
Bitcoin Cash transactions are considerably faster, have higher transaction capacity, and lower fees than Bitcoin. The Bitcoin Cash network will process over five times the number of transactions as Bitcoin with virtually no added time and at a negligible cost.
This makes Bitcoin Cash (BCH) an extremely attractive alternative for traders who are looking for an investment with low risk.
Along with other cryptocurrencies mentioned here, BCH is worth considering for investment purposes if you’re looking into altcoins.
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