Crypto Currencies

What Is The Next Cryptocurrency To Take Off?

The beginning of a new stage in the crypto industry

In 2021, the market will remain attractive to institutional and private investors. In their field of vision, not only bitcoin will fall, but also many altcoins.

Central banks in 2021 will launch a large number of pilot projects to implement CBDC (digital currency of the Central Bank), and large corporations will begin testing their own stablecoins.

Now is the time to consider which of the most promising cryptocurrencies you can invest 2021 to generate income. At the same time, you need to remember about portfolio diversification and take into account all risks.

In this article the editorial staff of actseason.com has planned to tell and analyze some promising, top-end cryptocurrencies that should be purchased and held in a portfolio in 2021.

For the cryptocurrency to be successful in 2021, it must maintain its position by any means and offer new opportunities for users, regardless of the difficulties that arise.

When evaluating promising cryptocurrencies for investment, you need to pay attention to the following indicators:

  • High liquidity (this means that coins can be quickly sold at any time at a value close to the market value).
  • Course stability.
  • Reputation of developers.
  • Clear opportunities for further growth and development.

Promising cryptocurrencies for 2021

1- Bitcoin

Since, the bitcoin have been created almost a decade ago by mysterious Satoshi Nakamoto, it has been the most famous cryptocurrency in the world. Dispite of this Bitcoin is not the only coin in a digital market but also the hundreds of  new cryptocurrency have emerged and their number continuing growing.

Also read : The Future Of Bitcoin: A Profitable Investment or A Big Bubble?

The current market capitalization of the first cryptocurrency of $ 575 billion is expected to grow 4.6 times to match the total private sector investment in gold through ETFs, bullion and coins. If this happens, it cannot be ruled out that in the near future this may push the rate of the bitcoin to $ 50-100 thousand.

2- Ethereum (ETH)

Since the beginning of 2021, the ETH rate has doubled, and over the past 12 months, the growth has been 800%. At the time of writing this article, ETH is trading at $ 1,440.  Ethereum provides the best return / risk ratio in the cryptocurrency market. Computing on the blockchain can replace their current counterparts in the cloud. According to our forecasts, Ethereum may rise in price eight times from current levels to $ 10,500.

3- Chainlink (LINK)

2020 was a breakthrough for Chainlink (LINK). The coin of this project has firmly established itself in the first place in the segment of blockchain oracles. In the list of cryptocurrencies with the highest return on investment (ROI) between March and December 2020, Chainlink came in first place. In 2020, the LINK rate increased from $ 1.50 to $ 20. This growth has made this coin the most profitable project among the top 20 currencies. If this trend develops further, LINK has a chance to become one of the main cryptocurrencies in the new year.

4- Polkadot (DOT)

The inclusion of the token in the listing of most of the leading cryptocurrency exchanges pushed the DOT price up to an all-time high of $ 6.84 in early September of 2020. Despite the subsequent correction, the token rate stabilized and accelerated the growth rate. This potentially bodes well for him in 2021. Polkadot is currently the 4th largest cryptocurrency by market cap, boasting a value of $14.87 billion.

5- Celo (CELO)

Daily gain is 80%. The ratio of monthly, two-week and seven-day growth shows a positive picture: + 49%, + 71%, + 81%, respectively. It is worth paying attention to the formation of the coin’s value in relation to BTC. The project is unique in that it has a protocol and applications on this protocol. This gives users access to the world of cryptocurrencies without the need to have mining equipment or more or less expensive devices in general.

6- Sushi token

Over the past month, cryptocurrency quotes have risen by 230%, to $ 8.3, at the moment reaching $ 9.1.  This coin was issued by a direct competitor of Uniswap – the Sushiswap decentralized exchange. Over the past month, cryptocurrency quotes have risen by 230%, to $ 8.3, at the moment reaching $ 9.1. The Sushi price can go up to 15.438 USD in the near future.

Also read : How Does Cryptocurrency Increase In Value?

5 main factors affecting the price of a cryptocurrency

  1. Supply and demand
  2. Production cost
  3. Rules and Regulations
  4. The power of the Mass media
  5. Financial crises

Conclusion

Also during 2021 it is worth looking at Cosmos, Filecoin, Solana, Near, Free TON, Cardano and DFinity. We can expect new releases and steps from them, which many projects before crypto winter, even with funds, could not do.

Familiarity with digital assets and risk tolerance are two main factors that influence the decision of investors to buy the best cryptocurrency.

Disclaimer: Cryptocurrency trading carries a high level of risk and is not suitable for all investors.

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