Key Points
- Bitcoin, the digital gold, has gained massive attention from investors and institutions alike in 2021.
- With its high liquidity and potential use cases, Uniswap, the most popular DEX exchange, is significantly rising in price and value this year.
- Thanks to the dedicated team behind Ripple, the asset has an array of plans and developments in the pipeline.
Several cryptocurrencies are exploding in popularity and are gaining huge mainstream awareness. Savvy investors always stay abreast of the market before making investment decisions. Part of the confusion when it comes to investing in cryptocurrencies is which asset to choose. There are thousands of viable options, and each asset has different markets. Therefore, we have compiled a list of the 3 explosive cryptocurrencies to buy right now.
The opportunity presented in crypto investments is huge and is difficult to match in the traditional sector. Numerous cryptocurrencies have had a massive rally since the beginning of 2021. In addition, multiple cryptos have shown exciting developments over the past few months, from big names like Bitcoin to altcoins like Ripple and Uniswap. Let us see why these three explosive cryptocurrencies are a must-buy in 2021.
3 Explosive Cryptocurrencies To Buy Right Now
1. Bitcoin (BTC)
Bitcoin’s high volatility presents investors with ample opportunities to earn good profits in the future.
Bitcoin has seen mass adoption as a mainstream asset across the globe now more than ever. Even though there was a 50% dip in its value earlier in May, the asset is still trading 300% higher than its value last year and over 30% higher than the beginning of 2021. Bitcoin is gaining more than enough attention from established investors and big institutions today, which is why it’s one of the best 3 explosive cryptocurrencies to buy right now.
Bitcoin is considered the digital alternative to gold by some investors. It is like holding a store of value that can hedge inflation risk. Additionally, major retail players like Starbucks, Amazon, and Expedia are also accepting payments in BTC through third-party apps.
Further, El Salvador, a South American country earlier this year, announced that it would use Bitcoin as its official currency. Also, the price of BTC will significantly rise in the coming years as over seven countries are underway into making it their official currency. Several institutions like Microstrategy have benefitted from the recent price drop and bought 13,005 Bitcoins for $489 million in cash.
Why buy Bitcoin right now? Because the asset is becoming a valuable mainstream currency with global financial institutions like PayPal and Visa offering crypto services. Also, large corporations like Morgan Stanley and Goldman Sachs are planning to launch crypto funds for their customers, boosting BTC’s adoption rates. Some analysts even opine that the limit in Bitcoins supply cap makes it a safe hedge against the ever-rising inflation of the global economy.
If you are planning to buy Bitcoin, this is the best time as you can likely reap enormous gains in the future. Many BTC proponents view digital currency as the future as it facilitates an instant, cost-effective payment system for global transactions. Although the asset was rocked by turbulence over the years, Bitcoin’s price and value have risen with increased demand from investors and institutions.
Read Also: 15 Reasons Why You Should Invest in Bitcoin Today
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
2. Uniswap (UNI)
Uniswap’s impressive price rally and fast-growing market cap make the asset an excellent investment choice.
Uniswap is one of the most popular DeFi coins that has already reached significant milestones in a very short period. It is a decentralized exchange (DEX) that is built on the Ethereum blockchain. Unlike centralized exchanges, DEX allows users to swap digital assets without even creating an account.
Uniswap is a good investment, according to projections made by analysts, as it has the potential to bring huge returns over the long run. The price of UNI has increased significantly since the beginning of 2021, which makes it one of the best 3 explosive cryptocurrencies to buy right now. In addition, it has recovered from the lows earlier this year by returning nearly 588.02% year to date (YTD).
Uniswap has gained quite a lot of traction as its protocols are permissionless and allows users to trade without registering or logging in. It eliminates the Knowing Your Customer (KYC) phase and makes it seamless for users. Uniswap thus waives off the bureaucratic processes that traders and investors have to deal with on centralized exchanges. If you are focused on the privacy issues of digital assets, then your best option is to buy Uniswap. The asset’s entire structure is geared towards privacy and anonymity.
Yet another significant reason to buy Uniswap is its Version 3. The 3rd upgrade is comparatively better than Version 2 as it offers up to 4000 times capital efficiency. Moreover, Uniswap has numerous features which make it different from other exchanges. For example, it has an entirely user-friendly operation, offers users control over their private keys, has lower fees, and provides high liquidity. Therefore, the asset’s tremendous performance shows that the DeFi coin is not going to slow down any time soon, and UNI has the potential to generate huge returns in the future.
Check Out: Will Uniswap Make Me Rich in 10 Years?
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
3. Ripple (XRP)
Thanks to XRP’s strong use case and high-profile financial partnerships, the asset has plenty of room for growth.
Ripple XRP aims to make global money transactions seamless, secure, and less expensive. The utility token XRP is used as an interchange mediator. It enables banks and financial organizations to promote global money transactions by eliminating exchange rates.
When it comes to intelligent investments, it is always best to understand what makes the specific cryptocurrency different. This is where Ripple outshines. XRP is designed for helping financial institutions and payment services, unlike other assets that are aimed at consumers. By deploying XRP, money can be transferred globally without paying the hefty exchange fees. Also, transactions in the Ripple network are faster and quicker, making it a viable alternative to swift.
Further, Ripple's trajectory through 2021 and beyond looks quite good, according to predictions. Thanks to Ripple’s dedicated team, the firm has successfully built its consumer niche. Also, XRP has plans to extend its presence on conventional capital markets. Several financial institutions are also showing an interest in RippleNet membership, which is why this is the best time to buy Ripple.
Additionally, it also has access to most of the best cryptocurrency exchanges, making Ripple a potential asset.
Don't Miss: 5 Reasons Why Ripple Could Double Your Money
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
Although the cryptocurrency market is unpredictable, these assets are poised for future growth. If you are planning to invest in digital currencies, these are the best 3 explosive cryptocurrencies to buy right now for gaining good profit in the future. But like any other investment, it is always advised to understand what you are getting into with detailed research. Once you evaluate your risk tolerances and access the investment portfolio, then these cryptocurrencies could help you secure a wealthy future.
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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.