5 Cryptocurrencies That Will Explode in 2021

5 Cryptocurrencies That Will Explode in 2021 - CoinGyan

Cryptocurrency is a hot topic these days and will continue to be a trend for a time nobody knows. These digital coins are full of surprises and their super-versatility nature always keeps the investors hooked with binoculars. Everyone wants to know what’s going to happen next. What’s the next big thing coming with these coins? And the most important question- What are the best coins to invest in now? There are a ton of cryptocurrencies out there like Bitcoin, Ethereum, Litecoin, Ripple, Libera, Zcash, Monero, Tether, Lisk, Dogecoin, Dash, NEO, Stratis, Stellar, Komodo Coin, Bitcoin Cash, Nano, and many more! It is a crowded ecosystem and finding the ones that would escalate in 2021 might be a little tricky job for many of you. You don’t want to get lost in the complexities.

For this purpose, I have enlisted down five cryptocurrencies that will rise and top coins to invest based on three factors- microscopic analysis of financial charts, deep research, and of course- extensive experience. Let’s have a look at them so that you can make roll your dices smartly.

1. Bitcoin

 

Bitcoin- CoinGyan
The only coin that has experienced steady and mammoth growth is Bitcoin. Many new cryptocurrencies have made a debut in the crypto market, but there has been no other coin to date that could compete directly with Bitcoin when it comes down to providing maximum ROI to the investors. Around February 2011, the value of the coin was just $1, and at the end of the year 2020, the value had surged to more than $28000.

Let’s make another interesting comparison of the prices for the year 2020 itself. In 2020, the global economy was facing a good bash from COVID-19 that dipped down the value of the coin to $4,700 in late March. But things started to change after the summer. As of November 26th, 2020, the price of 1 bitcoin was equivalent to $16,800. After that, the price jumped to $20,000 as of December 16th, 2020, and finally, it’s the all-time high value of $28,000 as of December 27th, 2020.

Now, why should one not invest in this highly versatile coin? The financial analysts have predicted that the value could reach 1BTC = $50,000 at least in the year 2021. Some other notable institutions believe that it can go beyond $50,000 and to touch the six-figure value.

2. Ethereum

 

Ethereum - CoinGyan
Ethereum is another promising coin that has reflected a great performance even in the difficult year of 2020. At the beginning of September 2020, the price of this coin touched the $480 mark, and at the end of 2020, the price of 1 ETH was equal to $750. This looks great, but the story is not over yet. This coin will definitely explode in 2021 because, as of January 3rd, 2021, the price of 1 ETH is equivalent to $940. Yes, it almost doubled in just four months, and the experts have indicated that this rise is just the beginning.

The value will continue to surge in 2021 because of the latest innovation of Ethereum 2.0. The traders and investors are excited about the transition of the ETH model from the Proof-of-Work algorithm to the Proof-of-Stake algorithm. It could unblock a lot of opportunities for this coin to grow more. We should also not forget the fact that Ethereum is the king of DeFi. DeFi has been labeled as one of the fastest-growing concepts in the world of crypto, which can transform influential industries like insurance, loans, and savings to render them free from banks and many other centralized financial organizations.

3. Litecoin

 

Litecoin- CoinGyan

Litecoin may not be as competitive as Ethereum, but it can also be a good option for the year 2021 because of its huge market capitalization that currently stands at around $10 billion value. This coin might not have gained influential heights during 2020, but we can bet our chips on it because its performance has shown 8x growth in its all-time existence.

Let’s compare the prices also to convince you about the potential of this coin. As of November 4th, 2020, the value of 1LTC was equal to $53, and as of January 3rd, 2021, the price has reached the value of $150. The analysts have indicated that this value will double-up and then triple-up in the year 2021 alone. I don’t have any doubt as to the fact that this coin could bring excellent returns to early investors.

4. BAT

 

Basic Attention Token= CoinGyan

BAT (Basic Attention Token) is a native currency of the Brave browser which is used in the form of reward whenever the user views the ad in the browser.  This cryptocurrency has been successful in becoming a high-valuable affiliate program in the history of the cryptocurrency ecosystem. The concept is very simple because all you have to do is just watch some ads and make some money out of it. When the markets were crushed in March 2020, then BAT was in the league of the tokens that quickly recovered. In August 2020, the price of the coin was doubled from $0.2 to $0.4. So, feel free to invest in this coin as it has a bright future not only in the year 2021 but for many more years to come.

 

5. Nexo

Nexo-CoinGyan

Nexo is new in the world of crypto, but even in such a short time, this coin has not failed to impress the investors. It is a platform where users can borrow instant loans from more than 200 jurisdictions and 40+ currencies. This financial institution has processed transactions that are worth more than $5 billion and has expanded its user base to more than a million active users. So, the growth metrics for its Nexo token are also promising for the year 2021.

As of 31st March 2020, the highest price of Nexo was $0.109770, and as of January 2nd, 2021, the highest price of Nexo was $0.661385. So, you can see that there has been a considerable growth in the price of Nexo, and it will continue to fetch more value for itself in the year 2021. Hence, investing in Nexo is a smart option to multiply your wealth.

Where to Buy Cryptocurrencies from?

After discussing all the top five cryptocurrencies that will explode in 2021, the next question hovering in your mind would be- Where can I buy these coins from? Well, don’t worry, as I have got you covered on this part as well. The top five cryptocurrency exchanges trusted by most of the traders use to buy and sell cryptocurrencies are:

Do you know one interesting thing about all these above exchanges? All five of them execute transactions that surpass the figure of 1 billion American dollars every 24 hours and at any point in time. So, feel free to sign-up on these and start printing money on the crypto market.

Wrapping Up

Cryptocurrencies have evolved a lot and have made a lot of millionaires in the past few years. It is high time for you to park your funds in the top five cryptocurrencies that will explode in 2021 so that you can reap maximum monetary benefits out of the volatile nature of these coins. To kick-start your investment journey, you can start with signing-up on any of the top five cryptocurrency exchanges, as discussed in this article.

 

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