What is the next cryptocurrency to explode in 2021?

Any investor looking for a promising cryptocurrency to buy or sell should always keep an eye on the market. That is why we have prepared a list of digital assets where you can discover the next cryptocurrency that will explode in 2021. We are very attentive to this year because it has been full of surprises for both experienced investors and amateurs.

year saw more institutional investors diversifying their portfolios to include altcoins. Also, most altcoins have upgraded their networks, thereby increasing prices. So, let’s take a look at the cryptocurrencies to watch out for in 2021.

1. Cardano (ADA)

Without a doubt, this altcoin, born from an idea of ​​the co-founder of Ethereum, has done very well this year. If you are looking for the next cryptocurrency to explode this year, then ADA is showing all the signs why the crypto community is optimistic that the coin could soon replace Ethereum.

Hence, both institutional and retail investors have had their eyes on it, resulting in a rally for most of 2021. Other than that, with Elon Musk advocating for alternatives to Bitcoin and Ethereum as they are not environmentally friendly, Cardano is likely to attract interest.

2. Doge Currency (DOGE)

This altcoin, born as a meme, was the biggest beneficiary of the influencer effect this year, thanks to Elon Musk. Currently, DOGE is in the top ten cryptocurrencies in terms of market capitalization and shows signs of incremental gains in 2021 after receiving support from other investors.

Initially, the coin was released as a parody for the nascent cryptocurrency industry, and the developers didn’t put much effort into developing the protocol. However, recent developments, particularly on and Reddit, have sparked interest among developers in improving the protocol to serve real-life applications. It is worth mentioning that DOGE is a very volatile currency that can explode at any time in 2021.

3. Binance Coin (BNB)

Anyone looking for the next cryptocurrency to explode in 2021 should compulsively research Binance Coin. coin is issued by Binance, the largest cryptocurrency exchange, and has been fluctuating with Ether for the past few weeks. So why will the coin be the next cryptocurrency to explode?

In addition to being the loyalty currency on Binance, where it reduces the cost of operations, it has launched Smart Chain to compete with Ethereum in the DeFi ecosystem. As its platform charges lower fees than Ethereum, it has attracted several notable DeFi applications. You can learn more about the trading platform in our Binance review.

4. Ripple (XRP)

Despite being one of the first cryptocurrencies, Ripple confuses hobbyist investors and regulators about its status. Its parent company, Ripple Labs, is embroiled in a legal battle with the Securities and Exchange Commission over an offering of unregistered securities when it sold XRP in 2012. As the regulatory future of cryptocurrencies faces a litmus test, XRP remains one of the most promising cryptocurrencies in 2021.

Also read Ethereum or Solana, which will win the NFT space

Unlike Ethereum and Bitcoin, the cryptocurrency is widely used by various banks and financial institutions known for convenient and cheap international money transfers. Financial giants such as Bank of America and India’s largest bank HDFC Bank Limited are already using RippleNet for their transactions.

5. Chain link (LINK)

LINK may not be as old as BTC in the crypto field, but it has demonstrated resilience that leaves most of us confused as to whether it could be the next cryptocurrency to explode. In simple terms, ChainLink establishes Oracle networks that connect blockchains to the outside world. From a broad perspective, ChainLink establishes smart contracts.

refore, in addition to doing what Ethereum is good at, the growth of decentralized finance will increase the demand for the LINK token in the near future. Importantly, ChainLink will continue to attract developer interest because it also has collaborated with Google, decentralized exchange (DEX) WOWswap, Polkadot-based exchange conversation, among others.

6. An exchange (UNI)

decentralized exchange protocol is not a standalone blockchain, but a decentralized application on the Ethereum network that eliminates intermediaries and allows users to exchange ERC-20 tokens at reduced fees. launch of Uniswap V2, which reduced the dominance of ETH as one of the two assets in the liquidity pool, provided opportunities for currency exchange between ERC tokens.

In addition, the technical improvements made to the protocol have allowed the facilitation of smart contracts after the change of the programming language from Vyper to Solidity. Importantly, since the launch of its UNI governance coin in September 2020, when everyone who ever used the coin received a prize of 400 UNI tokens, owners now have a say in protocol and this will inevitably drive up its price. in the future.

7. Pois (DOT)

Polkadot is another blockchain ecosystem that is gaining popularity because it aims to decentralize the web by providing space for other blockchains to interact. Ultimately, the project seeks to help in the development of decentralized applications (Dapps). Although it has been around for some time, its token, DOT, was launched late last year after the re-nomination, accumulating value immediately available for transferability and trading.

Additionally, the approval of Polkadot’s first treasury proposals strengthened the network and made it a key player in the community treasury and chain governance ecosystem. Polkadot seems poised for better times because it is the number one platform for gambling, which makes it attractive to DOT token holders. Going forward, as the blockchain will include more developer teams, along with its acceptance on Kraken and Binance last year, DOT will gain acceptability and value.

8. Tether (USDT)

Tether is not a new player in the world of cryptocurrencies, but it has attracted investor interest due to its immunity to price volatility, a common trait in the industry. While other cryptocurrencies were seeing big drops in 2018, investors started looking for digital assets with real-world assets to cushion the scam. This is where Tether emerged as the safest stablecoin and has held the position to this day.

Read also hydrogen token aims to become the world’s first climate change cryptocurrency

In theory, the coin is set at $ 1 for a Tether, with minimal fluctuations, making it a centralized coin. However, the coin is widely accepted by crypto enthusiasts because it is readily available, easily traded in US dollars, and acceptable on almost any exchange.

9. Tron (TRX)

Tron is the largest blockchain-based operating system that focuses on content sharing and entertainment. In 2018, the company made its biggest acquisitions when it acquired BitTorrent, allowing content creators to connect with their audience seamlessly, with no middlemen involved. Ultimately, the company seeks to benefit both content creators and users by ensuring that each of them gets the best value.

As a pioneer in initiating such a technology in the entertainment industry, TRX, the native cryptocurrency, will see growth in 2021 as it enters new spheres such as DeFi, dApp, and NFT, making it a formidable competitor to Ethereum and other altcoins. .

10. Polygon (MATIC)

Matic network, recently renamed Polygon, could be the next cryptocurrency to mine in 2021. In April, the network launched a fund to allow end users easy access to decentralized finance. fund seeks to integrate users into DeFi products and platforms. With an emphasis on speed of transactions, energy consumption, gas rates, the MATIC token is sure to surprise investors this year as it seeks to be the ultimate replacement for Ethereum.

11. VeChain (VET)

platform, launched in 2015, used the Ethereum blockchain until it was renamed and started using its own blockchain. Basically, the platform takes advantage of its high processing speed to offer companies supply chain management solutions.

In April, the company achieved a major development by reducing its base gas price by 99%, encouraging developers to use the platform for dApp development. Additionally, the VeChain Foundation launched a $ 1 million fund to entice developers to contribute to the corporate NFT ecosystem and ultimately topple Ethereum on the battlefields of DeFi and NFT.

Read also Cardano becomes number 3 in cryptocurrencies after an increase of 11%

conclusion

Needless to say, Bitcoin retains its title of ‘great man in the crypto world’, but that doesn’t automatically make it the next cryptocurrency to explode in 2021. Smart investors have learned how to make money affordably by observing classes. of undervalued assets. in the cryptocurrency sector year. Additionally, as institutional and retail investors look to diversify their portfolios, they are now watching the developments taking place in the rapidly growing realm of the DeFi space. This is why most of the coins we have reviewed here are looking for a big cake. As you search for the next exploding cryptocurrency, carefully review these coins diligently.

Featured image of Fotosespíritu from Pixabay

I note: information in this article and the links provided are for general information purposes only and should not constitute any financial or investment advice. We recommend that you do your research or consult a professional before making financial decisions. Please acknowledge that we are not responsible for any loss caused by information on this website.

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