If 2020 was a very rich year for cryptocurrencies, 2021 is even better. In fact, since the start of 2021, the prices of some digital currencies have already reached exceptional valuation records. Many traders therefore rush for cryptocurrencies which seem to be real gold mines. However, it is normal for some newbies to feel confused when it comes time to take the plunge to start investing, as there are a great veriety of cryptocurrencies in the cryptosphere. If you are one of those who feel a little lost, don’t panic! We are going to get things clear and to introduce you the most high-potential cryptocurrencies in 2021 that will pay you big.
Many have wondered if the future of cryptocurrency is certain and if this virtual currency would be the currency of the future. So, we have studied the question and it is truly quite difficult to answer with confidence taking to account the fluctuations in the cryptocurrency market. Moreover, despite recent events (especially since the appearance of Covid-19) as well as cryptocurrency prices, experts do not dare to comment on the future of cryptocurrency for the moment. However, they are of the opinion that cryptocurrencies still have a bright future ahead.
Why is the cryptocurrency sector considered to be “volatile” and the market sees a lot of fluctuations? This is primarily due to its “digital” nature and the fact that it has no physical medium. This makes it independent from the government as well as from central banks. There are still other factors contributing to fluctuations in the price of cryptocurrencies, such as:
So, how to make the right investment choice and which cryptocurrencies to bet on for 2021?
For a safe investment, you can opt for a fearless investment in major cryptocurrencies that have already earned an iron reputation in the cryptosphere and in trading. So we have found for you the promising altcoins.
A true pioneer, this cryptocurrency is the first choice of a good number of traders and it continues to bring in big profits. With a capitalization crossing the $915 billion mark, Bitcoin is definitely the leader (even the king of virtual currencies) in the 2021 global cryptocurrency ranking. If you want to play it safe, Bitcoin is undoubtedly the choice to make.
After Bitcoin, Etherum is the most capitalized cryptocurrency in the cryptosphere with a capitalization market estimated in of $315 billion. This virtual currency therefore rises to second position in our ranking of the most promising cryptocurrencies. Additionally, Bitcoin’s direct competitor has seen tremendous success since the explosion of non-fungible tokens, also known as NFTs. Moreover, some are even wondering if this cryptoasset will not dethrone Bitcoin in the years to come. To be continued…
Another virtual currency that is considered to be the most promising is Litecoin. Indeed, this cryptocurrency is among the Top 10 cryptocurrencies with large capitalization. This altcoin, which had a market capitalization of $25.05 billion recently, is considered the most stable in the market and the oldest after Bitcoin. Interesting choice to consider, don’t you think? By the way, Litecoin aims to outperform Bitcoin in the near future.
We can say that it is the fetish cryptocurrency that belongs to a very controversial Elon Musk. Initially Dogecoin was created just as a joke, but now it surprisingly became one of the must-watch cryptocurrencies in 2021. This follows the growing appreciation in its value between April 14 and 16. . Besides, this explosion in its value was so surprising, that it propelled it to the fourth position in the ranking of the Top 10 crypto with large capitalization. And this, in front of the Ripple. Note that the capitalization of Dogecoin is about no less than 78.35 billion dollars.
Launched in May 2020, this cryptocurrency has come a long way and is spectacularly successful. Polkadot is a project with great potential for the year 2021 and one that is well worth the attention of traders. The success of Polkadot is largely due to its ability to coordinate various blockchains and generate interest in interoperability. Note that the capitalization of Polkadot is $37.95 billion.
So now you can just choose among these cryptocurrencies and start investing!