Want to know some top cryptocurrency to look out for in 2021?

 Every year comes with new trends, market predictions, and analysis geared at investments, the world of cryptocurrency is not an exception to these.

There has been a major advancement in crypto trades, characterized by major backdrops and positive launches. The consistent growth of new cryptocurrencies with airdrops dropping in different angles made cryptocurrency a favorable market to invest in as there is huge potential for a rise and huge returns on investment (ROI).

Ranging from the growth of Bitcoin which is projected to hit $30,000 in 2021, to the promising rise of Ethereum and other digital coins, knowing the blockchain market, its development, and dynamism will greatly help you determine which coins should be considered stable for investment.

Which cryptocurrency will explode in 2021?

After a thorough study of top cryptocurrency prices, charts, and listings as regards market capitalization, I have compiled a list of some crypto coins that will massively increase in value in 2021.

Top 5 cryptocurrencies that will explode in 2021

• Bitcoin-BTC
• Ethereum-ETH
• Litecoin-LTC
• Ripple-XRP
• Basic Attention Token-BAT

What will bitcoin be in 2021?

Bitcoin has proven to be one of the most promising coins to trade within the crypto market. Bitcoin started 2020 on Jan 1, 2020, on $7,174 and a quick rise to $18,980 on Dec 1, 2020. Every crypto investor has high hopes for the success of Bitcoin, but the unanswered question remains; how high will bitcoin go up in 2021? What will bitcoin be worth in 2021?

According to major crypto analysts, Bitcoin is projected to be at a price target of $30,000 or more in 2021. There is a high possibility that Bitcoin might break through a worth of $50,000 in 2021. Bitcoin has been characterized by fluctuations that are majorly funded by large hedge funds and investments from publicly traded firms.

Its global acceptance by the populace as each day dawns also contributes to its growth cycles. These speculations wouldn’t just see the massive rise in Bitcoin as it has been for the previous years, but we are likely to see the emergence and endorsement of digital currencies in mainstream trades.

Which cryptocurrency is the best to invest in 2021?

Coming to a definite conclusion on which cryptocurrency should be considered the best to invest in 2020 is not always an easy task as there are thousands of crypto coins to draw comparisons with.

Apart from Satoshi’s Bitcoin that we have become conversant with, other coins are considered to be among the best to invest in 2021.

However, understanding how investors come to a conclusion on which cryptocurrency should be considered as the best will go a long way to help you make personal decisions on which coin you should go with.

Bitcoin-BTC

Over the previous years, Bitcoin has grown through a net profit of 202%, tripling in the first half of 2019, finishing the first half of the year with a dollar worth of $11,139.22. As expected, Bitcoin rose massively this year 2020, starting the year on Jan 1, 2020, at $7,174 and a quick rise to $18,980 on Dec 1, 2020.

The increase in demand and the constrained supply of Bitcoin has been an effective mechanism that aids its boost. This will increase its price in 2021, opening more profit channels for investors.

Ethereum-ETH

The launch of Ethereum in 2015 with 72 million pre-mined coins saw massive growth and acceptance by traders because of its smart contract platform.

Ethereum is designed to a structure that allows developers and traders to process and trade strictly on the blockchain without any interference of a third party while maintaining maximum security of funds.

This self-executing contract assured investors of autonomy, accuracy, safety, and speed.

Aside from the fact that Ethereum rose to become the second-best liquid cryptocurrency directly below Bitcoin, the proposed launch of Ethereum 2.0 in 2021 offers a great sign of hope to traders as there will be swift transactions and reduced costs which will motivate an increase in the demand for Ethereum. The upgrade to Ethereum 2.0 gives Ethereum a promising scale of hitting $10,000 in 2021.

Litecoin-LTC

 Litecoin is considered as one of the favorable coins you should invest in 2021 because of its high liquidity and large market cap. Litecoin is popularly known as the digital silver as Bitcoin is known as the digital gold. Litecoin has maintained its place as one of the most performing digital coins since its launch in 2011. Its 13% rise as an altcoin, hard-cap supply of $84 million, block reward of 12.5 Litecoins, and a lowered block generation mining sequence that is pegged at 2.5/10 or approx. two minutes makes it a favorable cryptocurrency to invest in.

Ripple-XRP

Among the little list of crypto coins with potentials for high returns and profit is Ripple-XRP. This altcoin is built as a digital legal tender to support buying and selling and trades.

Ripple is designed to gain massive acceptance by payment providers and banks as it is proposed as a widely accepted digital asset in 2021.

As long as cross-border trades abound, the price of ripple will rise, its demand will also rise, increasing the need to keep up its supply in the mainstream market in 2021. With ripple winning its court case and clearing its reputation, there are huge tendencies that the price and profit will skyrocket next year. However, the rise and fall of Ripple(XRP) depend on its win over securities and exchange commission SEC, as they classified Ripple as a security and not a currency.

Basic Attention Token-BAT

Quite unpopular compared to Bitcoin and Ethereum is Basic Attention Token. Basic Attention Token BAT is built on an incentive structure that rewards its users with funds for watching ads.

The draw line with Basic Attention Token is to align digital marketing with cryptocurrency. The more ads are watched, the more products are advertised and sold- either way, both parties win for participating.

Basic Attention Token which rocks a market dominance of 0.04% in 2017 is a good option for content creators and advertisers. It is a transparent earning system that is based on Ethereum. Users and participants on Basic Attention Token are speculated to earn up to $224 in 2020, with hopes that its earning value will increase in future years.

Which cryptocurrency has the most potential?

The potential of cryptocurrencies is usually classified based on their market value. However, Bitcoin remains the cryptocurrency with the most potential, with Ethereum and Litecoin following its lead closely.

The Trade and business of cryptocurrency is a market of high risks. Investors, buyers, and sellers are advised to trade with caution, employ the great skill of market prediction, and know when to pull out of a trade and when to invest heavily.

Which cryptocurrency are you planning to invest in?

What are your fears?