With over 10,000 cryptocurrencies available, many enthusiasts are wondering what will be the next cryptocurrency to explode in 2021? To say that the crypto market has seen volatility this year would be a huge understatement. However, despite all the ups and downs, the crypto market remains of interest to investors.
The next cryptocurrency to explode in 2021 is …
How we got there: from dog coins to moon photos
Socrates once said that the only real wisdom is knowing that you don’t know anything. Much like some modern crypto influencers who take to Twitter and ask their followers to tamper with them, the Greek philosopher understood that sometimes greater powers activate randomly. Of course, this can make it difficult to develop a solid investment strategy. But even the wisest crypto investors couldn’t have predicted some of this year’s craziest moments. DOGE, a “joke” coin that captured the affection of a wayward billionaire like a fairytale princess would, was $ 0.002 last summer before going above 70 cents in a recent run. Suddenly, no one is laughing anymore.
The coin that isn’t even listed by Coinbase – although, unsurprisingly, the exchange is now publicly discussing a listing – somehow came out on top, and DOGE’s success could turn into its own self-prophesy. director. With optimistic analysts theorizing that DOGE could potentially reach a trillion dollar market cap at some point in the future, one has to accept that this is a distinct possibility. After all, the aforementioned wayward billionaire has made it clear that he will not sell. And, as we’ve already seen this year, stranger things have happened, like Vitalik Buterin burn $ 7 billion from a new dog coin called SHIB.
Philanthropy and Forks: The Dazzling Possibilities of ETH
Speaking of Vitalik, it’s important to note that many crypto stars are rallying around when it comes to charity. Buterin, for example, recently donated over 1.5 billion dollars from ETH and SHIB to COVID aid in India. And while SHIB seems to be more of a trending coin, Vitalik’s Ethereum is anything but. With the recent explosion of NFTs, mostly on the ETH blockchain, keep an eye out for RARI and other NFT tokens. The importance of the role that ETH could play in the years to come cannot be overstated. Did a recent race over $ 4,000 foreshadow the future? With the London hard fork in July, some are predicting that the ultimate altcoin will increase dramatically with the upgrade.
Of course, any discussion of philanthropy and forks must also touch on Cardano (ADA). Although it has seen its fair share of ups and downs like any other cryptocurrency, ADA has seen strong growth over the past few months and continues to be the darling of many in the crypto community. With its own highly anticipated hard fork – Alonzo – looming in the very near future, some believe Cardano could become the next cryptocurrency to explode in 2021.
To BNB or not to be
Like some of the aforementioned coins, BNB’s fortune was also heavily influenced by an enigmatic billionaire. In this case, the impresario in question is Binance founder Changpeng Zhao, commonly referred to as “CZ” within the crypto community. If we’ve learned anything in the crypto space so far, it’s that having one of those strong personalities up front and center tends to inflate a room. A recently executed burn should help keep the coin alive, encouraging investors to make some moves. For those who prefer HODL and don’t do as much day trading, BNB can be a good option.
Speaking of Binance and CZ, there is a very intriguing token on the Binance platform. This token has the potential to make big moves over the next few months. Contentos (COS) is a project that has received a considerable investment from Binance Labs. Together with affiliated decentralized applications (dApps), such as COS.TV, Contentos presents a strong use case. Founder Mick Tsai is another crypto enthusiast who enjoys publicly promoting his project. Although COS has been around for a few years now, we have yet to see how far it can go. Many in the crypto space have speculated that a Coinbase listing could help COS soar to more than a dollar.
Use cases make a good case
For the more serious crypto investors, coins like DOGE are anomalies. Many prefer to support pieces like COS which are backed by strong white papers. VeChain (VET), for example, offers assistance with inventory tracking. With real companies successfully using this technology, it’s easy to see why crypto investors have flocked to VET. Likewise, Stellar Lumens (XLM) is also trying to fix a problem. In this case, the token has squarely put the payment systems in its sights. It is a winning proposition.
Trying to facilitate the transfer of currency is indeed what made Elon Musk rich. This is what serves the primary purpose of cryptocurrency in the first place. Since that fateful first day where an astronomical amount of Bitcoin was traded for pizza, we’ve seen how popular the concept is. The question in XLM’s case, however, is whether or not governments are ready to get involved. If Ukraine decides to dip its toe in XLM waters, then we could see the project fly to the moon faster than a Saturn V engine.
BitTorrent (BTT) is another project that provides some interesting solutions. Once most often associated with illegal movie and TV pirating, BitTorrent has redefined its reputation and has come a long way in recent years. After all, internet users will always need viable ways to share files online. With TRON founder Justin Sun now in the mix, BTT’s future prospects indeed seem fascinating these days. Those who buy BTT now can see their investment increase dramatically.
The next cryptocurrency to explode in 2021?
Can an Oldie but a Goodie get love?
Although it was one of the first coins listed on Coinbase, Litecoin (LTC) received a lot less attention than some of its peers – and maybe that should change. After all, the creator of Litecoin is an engineer who actually worked for Coinbase. Designed for speed and efficiency; unlike so many other cryptocurrencies, Litecoin is quite easy to mine. With Pay Pal and RobinHood now offering LTC on their platforms, is it time for this “middle child” of crypto-currencies to finally have his time? All signs would indicate that this is very possible.
During this extraordinary moment in the evolution of crypto, indeed, a little thought can provide the missing link. With some projects resurrecting and operating on whims while others continue to build patiently in the meantime, there has never been a more exciting time to invest in crypto. For day traders and HODLers, digital currency has never shone as brightly as it does today.
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