Cryptocurrencies are getting more popular, and the most important question for everyone is where to invest this year. Unfortunately, it is impossible to foresee the future of coins and be absolutely sure that a crypto prediction comes true, but we are able to analyze existing trends. Let’s take a look at the promising cryptocurrencies 2021.
Undoubtedly, it’s considered that Bitcoin is still the crypto number one to invest in. BTC has proved itself to be resistant to all sorts of market crises. We saw an amazing recovery at the beginning of 2020 and fast growth. Bitcoin is being actively used as a safe haven, which helps people to protect their assets from inflation.
According to TradingBeasts.com the minimum price expected from Bitcoin in 2021 is $31,736.491. The maximum BTC price is $56,035.161.
Walletinvestor.com demonstrates a graph with a strong upgoing trend, which seems to be going higher.
It is interesting to notice that the attitude towards investments into BTC has slightly changed. Now there are a lot of institutions involved. And for them this kind of investment is very important.Anthony Pompliano (the host of The Pomp Podcast, an American entrepreneur and investor) has commented on this situation on his Twitter:
Ethereum was the first platform that introduced smart contracts. This technology is gaining momentum. Often new projects prefer the Ethereum blockchain as a basis. TradingBeasts.com foresees a steady growth for ETH in 2021. The minimum price expected is $892.164, a possible maximum is $1,168.824.
Ethereum had its ups and downs in the past. However, currently it seems to be on the upgoing trend. We can see it on the graph:
Ethereum is the main basis for quickly developing DeFi projects. Undoubtedly, this has an influence on its future.
Ripple aims to create decentralized financial solutions for the world. It is supposed to help transfer money faster, just like it happens with information. The main clients for Ripple services are banks that use its protocols to improve the speed of their international transactions. As a result, Ripple is supported by institutions that require its services.
According to the TadingBeasts.com crypto prediction XRP may get as low as $0.3779015, and as high as $0.5986697.
Even though XRP did not have the best end of 2020, WalletInvestor.com predicts this crypto a brighter future.
In spite of all the difficulties, the XRP community is quite supportive.Let’s take a look at some opinions. For example, the account under the name Credible Crypto posted a wondering on Twitter:
A supporter of XRP and community activist shares on Twitter his ideas on what is happening in the community right now.
Polkadot is one of the most interesting projects of recent years. This project defines itself as a next-generation blockchain protocol. Polkadot promises to solve problems of scalability and interoperability for the blockchains that are built on it.
TradingBeasts.com has a very optimistic prognosis for the DOT price. The minimum expected is $7.67285, the maximum is $27.57122.
Digitalcoinprice.com shows a strong upgoing trend too:
Cardano is a promising project that is still under development. The main feature of Cardano is two blockchains that work together. The idea of separating regular transactions from smart contracts is supposed to solve the problem of scalability. At the same time, Cardano is already using the Proof-of-Stake protocol, the step which is only coming for Ethereum.
WalletInvestor.com promises that ADA will show further growth:
This and the fact that ADA is still very affordable make this coin attractive for investments. Moreover, it has a very supportive community. Look at these full of excitement tweets.
YFI is a token of the Year.Finance platform. Yearn.Finance is one of the leaders of the DeFi market. Some crypto activists believe that this is a great new instrument for those who are seeking an opportunity to invest in cryptocurrencies and to make it in an easy way. The platform helps its clients to monitor cryptocurrency lending platforms and to rotate investments between them according to the best offers.
WalletInvestor.com has a highly optimistic forecast for YFI, based on the statistics we have now.
The community is also supporting this optimistic mood. For example, look at the post of CEO of the media channel, called Nuggets News:
Basic Attention Token (BAT)
BAT is a native token of Brave browser. The idea of using BAT seems very attractive. Users watch ads, create content, and get a reward for that with some amount of BATs. The token showed a good capability to recover after the March market crash. It doubled the price to August. BAT seems to have good potential since all sorts of online content are super valuable. So far it shows a strong upgoing trend.
The cryptocurrency market is changing rather quickly. New players appear almost every day. Of course, there are giants like Bitcoin and Ethereum, despite all the doubts they seem to stay here for a while longer. However, we can also witness some new projects. They emerge and become trends. One good example of this phenomenon is DeFi.
We also should keep in mind the fact that the cryptocurrency market is highly volatile, it is impossible to make an absolutely true crypto prediction. All the projects change with time, adjusting their work to present reality. We can only observe the situation and try to analyze the trends.
SimpleSwap would like to remind you that this article has informational purposes only and does not provide advice on investment. All investments are your personal responsibility.