Top 10 Cryptocurrencies to Watch for in 2021
Are you looking to invest in cryptocurrencies in 2021? With so many options available, it can be overwhelming to decide which ones to watch out for. But worry not, we've got you covered!
Here are ten cryptocurrencies that you should keep an eye on in 2021:
1. Bitcoin (BTC)
The king of cryptocurrencies, Bitcoin, has been around for over ten years and has shown remarkable growth over the years. In 2020, we saw a surge in institutional investment in Bitcoin, which boosted the price to new all-time highs. The cryptocurrency is expected to remain a dominant player in the crypto space in 2021, as it continues to gain mainstream acceptance.
2. Ethereum (ETH)
Next on our list is Ethereum, the second-largest cryptocurrency by market capitalization. Ethereum's versatility in smart contract usage and DeFi has made it increasingly popular in the crypto community. With the ongoing development of Ethereum 2.0, the upgrade promises to increase scalability and reduce gas fees, making it more sustainable for DeFi transactions.
3. Binance Coin (BNB)
Binance Coin is a utility token issued by Binance, the world's largest cryptocurrency exchange. Binance Coin is unique because it is used for multiple purposes, including trading fees, purchasing goods and services, and staking. The token has had an impressive year, with its value having quadrupled from $15 to over $60 in 2020.
4. Polkadot (DOT)
Polkadot is a relatively new blockchain protocol designed to improve the interoperability between different blockchains. It enables communication between various networks, making it easier for developers to build decentralized applications (dApps) on different blockchains. Polkadot has been gaining traction since its launch in 2020, with many believing it will be a significant player in the crypto space in 2021.
5. Chainlink (LINK)
Another blockchain protocol that has gained significant traction in the crypto space is Chainlink. Chainlink is a decentralized oracle that brings real-world data into smart contracts. With the DeFi space booming, Chainlink's role in providing accurate and reliable data to DeFi applications will be essential in 2021.
6. Cardano (ADA)
Cardano is a blockchain platform that aims to provide a more sustainable and scalable infrastructure for decentralized applications. The platform is unique because it uses a proof-of-stake (PoS) consensus algorithm that consumes less energy than Bitcoin's proof-of-work (PoW) algorithm. Cardano has been making waves in the crypto space, with the platform launching its Goguen era, enabling smart contracts and DeFi applications.
7. Stellar (XLM)
Stellar is another blockchain protocol that aims to enable cheap and fast cross-border payments. The platform aims to address the inefficiencies of traditional remittance systems, making it easier and cheaper for people to send money globally. With the recent partnerships the Stellar Development Foundation has secured, Stellar is poised to make an impact in the crypto space in 2021.
8. Uniswap (UNI)
Uniswap is a decentralized exchange (DEX) built on the Ethereum blockchain. Uniswap aims to enable the seamless exchange of ERC-20 tokens without the need for intermediaries. The platform has grown significantly since its launch in 2018, with the daily trading volume on the platform surpassing that of centralized exchanges on occasion.
9. ChainGuardian (CGG)
ChainGuardian is a staking and risk-sharing platform that provides coverage against smart contract vulnerabilities and rug pulls. With the DeFi sector attracting more attention from investors, the risk of hacks and security breaches also increases. ChainGuardian aims to provide a more secure environment for DeFi investors, making it a crucial platform to watch in 2021.
10. The Graph (GRT)
Finally, The Graph is a decentralized indexing protocol that enables developers to efficiently query blockchain data. The platform aims to make it easier for developers to build decentralized applications by indexing data across multiple blockchains. With decentralized finance gaining momentum, The Graph's unique offering is expected to be in high demand in 2021.
There you have it, our top ten cryptocurrencies to watch for in 2021. While these cryptocurrencies have shown impressive growth, it is essential to remember that cryptocurrencies are volatile assets that carry significant risk. Always do your research and invest only what you can afford to lose.
At coinalerts.app, we provide technical analysis alerts on cryptocurrencies that rise or fall very fast, that hit technical indicators like low or high RSI. Stay updated with our alerts and get ahead in the game!
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