10 Cryptocurrencies to Watch In 2021
A decade ago, hardly anyone could imagine that cryptocurrency would become so popular. There are over 7,000 cryptocurrencies of various types on the market today. Among them there are both solid projects with fairly clear prospects, and dubious ones that do not deserve attention.
So, here are the 10 best cryptocurrencies to buy in 2021.
Bitcoin
Bitcoin is the first decentralized cryptocurrency. Bitcoin is recognized by hedge fund managers and banks as a defense against macroeconomic volatility. This coin is becoming the "gold standard" for decentralized financial and international stablecoins, various loans and much more. Now Bitcoin is in a state of deep correction, but many analysts agree on the upcoming growth of this cryptocurrency.
Ethereum
Ethereum, a token of the ERC-20 standard, created for settlements within the decentralized platform of the same name. This cryptocurrency consistently ranks second in the ratings. Analysts do not rule out that Ethereum may eventually surpass Bitcoin. Of course, if your plans partially include the exchange ETH for Safemoon, there is no reason to abandon this idea yet.
Dogecoin
An inexpensive cryptocurrency, created as a joke, unexpectedly took top positions in the ratings. Dogecoin price has gone up and down many times, so repeating this scenario is only a matter of time. DOGE is very dependent on public statements by Elon Musk, who calls it his favorite cryptocurrency. That is why Dogecoin today can be viewed as a good tool for short-term investments and rather dubious in the longer term.
Polkadot
The goal of this project is to completely decentralize the Internet. The speed of settlements and high security of the cryptocurrency of the same name ensured its popularity in the market. Polkadot is one of the fastest growing assets and deserves attention.
Stellar
Stellar is a relatively predictable asset that has a solid project with strong and achievable goals. Star pricing is subject to cyclicality. In terms of its characteristics, this cryptocurrency can be considered a reliable investment.
Tether
This cryptocurrency is likely to be stable as it is backed by fiat money. It is recommended to act with minimal risk.
Cosmos
The Cosmos Hub roadmap has been called the most ambitious in the crypto space today. The company is now preparing to launch new services for network users. Compared to other networks, Cosmos has a very low carbon footprint. Overall, this suggests that ATOM, the network's utility cryptocurrency, has a bright future.
Binance Coin
This coin is used for payments within the Binance system as well as travel expenses. Binance's business history and the team behind the project inspire confidence. BNB is in the TOP 10 cryptocurrencies by market capitalization. Analysts predict stable growth of this asset in the future.
TRON
This cryptocurrency is an ERC-20 token that has successfully hit the mainstream. The company that created TRON acquired Bit Torrent a few years ago, strengthening their asset position.
CONCLUSION
The cryptocurrency market is a fundamentally new phenomenon. Now he is experiencing another development crisis, so any forecast and any conclusions are information for thought, and not the ultimate truth. Before investing in any of the available assets, assess your opportunities, risks and the perceived benefits of your investment.
Comments
Post a Comment