The Best Cryptocurrencies That Could Double Your Money
Here are the 7 best cryptocurrencies that could double your capital and show high potential for long-term runs.
The crypto market has performed well over the past few years and continues to attract more new investors in 2021. It has excellent potential as a digital asset that can secure a wealthy future. Though Bitcoin initiated the legion of crypto tokens, investors can choose from several new and exciting altcoins in the market today.
Here is our list for the best crypto assets for you. Keep reading our top picks, and a brief guide about how to find the right cryptocurrency that could double your capital
Best Cryptocurrencies That Could Double Your Money
1. Dogecoin (DOGE)
Dogecoin creators envisaged this meme cryptocurrency as a lighthearted coin that was supposed to spread awareness about the crypto market and blockchain technology. Named after the popular "Doge" internet meme of a Shiba Inu dog, this coin has surged more than 13,000% this year, cementing itself as the 4th largest cryptocurrency by a market cap of $65,633,123,058, as of writing.
Again thanks to Elon Musk and his strong support in escalating DOGE's value. He has always been the loudest supporter of Dogecoin and his bizarre tweets sky-rocketed the value of this crypto-token, making it one of the top cryptocurrencies that could double your money.
The reason behind the sudden surge of DOGE value and popularity over the past few days is Musk's opening monologue, mentioning Dogecoin on "Saturday Night Live" (SNL). Musk himself has started working with DOGE developers to enhance the system efficiency, as mentioned in his latest tweet, which will further fuel its price surge in the coming years.
Apart from this, the number of companies accepting Dogecoin as payment has also been increasing recently. The Dallas Mavericks NBA team, luxury resort company the Kessler Collection, and Latvian airline airBaltic have added DOGE to their existing payment methods in March.
Check Out: Will Dogecoin Make Me Rich?
2. Uniswap (UNI)
Uniswap has become a game-changer for DeFi as a completely decentralized platform. The native governance token of the Uniswap network, UNI facilitates users with voting rights and offers them an opportunity to participate in developmental decision-making.
Uniswap has several significant features as compared to other cryptocurrencies. It facilitates user-friendly operations, lowers fees, provides high liquidity, and gives users control over their private keys. The token gained much traction from investors recently, with eToro adding Uniswap to its crypto product offering. On top of that, it is also eToro’s first token in the decentralized trading infrastructure.
Uniswap has also gained high popularity during the launch of UNI. Each trader who traded on Uniswap received a reward of 400 UNI tokens for free. Since then, Uniswap reigns the DEX platforms, and UNI has gained a highly bullish momentum.
The coin is currently on an absolute bullish streak as it recently hit an all-time high of $44.97 on May 3, 2021. With the recent announcement of Uniswap V3, which will curtail the cost of the process, making it faster and more reliable, Uniswap has positioned itself as one of the top 7 cryptocurrencies that could double your money.
Read More: Uniswap Price Analysis
3. Tron (TRX)
The price of Tron has surged dramatically over the last few months. TRX has breached its long-time resistance and sits at $0.118867 as of writing. It has a long-term goal to revolutionize the entertainment industry through gaming, torrenting, and various other community-oriented activities.
TRX aims to provide the ability to conduct microtransactions helping customers to connect directly with artists, developers and enjoy their content with a lesser fee. Even though TRX originated in the Ethereum blockchain, it has become one of the successful competitors of the same.
A significant factor that makes Tron one of the best cryptocurrencies that could double your money is its supply and demand. The project has become the world's first deflationary crypto after it reduced its circulating supply, as claimed by the TRON Foundation. This reduction has ignited the price of TRX rapidly over the past few months.
Tron platform has become one of the most significant powers of decentralized apps (dApps) in the world. As the demand for decentralized services is increasing day by day, the value of Tron will also increase eventually. The project also has a lot of room for more potential growth, making it a viable option for long-term investment.
Don't Miss: Is it Worth Investing in Tron?
4. Ripple (XRP)
Ripple XRP is one of the world's leading cryptocurrencies that does not market itself with its decentralization. Instead, it is closely working with several traditional financial institutions like banks, investment companies, and organizations to make them more advanced and cheaper, rather than disrupting it completely.
XRP, the utility token, has several use cases. Some of them include payment settlement, remittance systems, and asset exchanges. With its high speed, less transaction time, and low cost, XRP has become a potential alternative to SWIFT.
xRapid, a significant component of the Ripple ecosystem, has been deployed by several banks recently. By using XRP, it moves funds in a faster way between third parties. Along with that, the ever-growing institutional interest in Ripple has placed it among the top 7 cryptocurrencies that could double your money.
Even though the SEC lawsuit lashed down XRP's value, the proceedings have been favorable towards Ripple, skyrocketing its price since the beginning of 2021. The team announced that there will be yet another telephonic conversation between Ripple and the SEC scheduled for May 21. Investors have high hopes in the token, and this support indicates yet another favorable outcome for XRP in the case.
5. Ethereum (ETH)
After beginning the year under $1000 per ETH, the Ethereum price has smashed through $4000, climbing to an all-time high of $4,362.35. DeFi being the next biggest game-changer in the market, the price of Ethereum is expected to surge higher in the coming decades, making it one of the top cryptos that could double your money.
Ethereum is created with highly advanced blockchain technology and has a high hack-proof peer-to-peer network. Security is given in the Ethereum network as the team has invested a heavy amount in network security. This also ensures that all the dApps are highly secured in the network.
The fuel behind Ethereum's recent rally is its increasing institutional adoption and the announcement for the initiation of Ethereum 2.0. It will enhance the network scalability and ensure faster transactions with high security. Its latest upgrade, known as the EIP-1559, is part of a broader move towards ETH 2.0, which is going to be live soon.
Experts predict that the significant upgrades to the Ethereum network will guarantee its surge to almost $20,000 by 2025. Also, ETH's near future looks bright, with the upcoming upgrade and the London hard fork scheduled in 2021. With soaring interest from institutional investors, the growth of DeFi, and the increasing popularity of NFT, which are largely built on top of the Ethereum blockchain, ETH is one of the best cryptocurrencies to double your investment.
Read Also: Will Ethereum Reach $10,000?
6. Litecoin (LTC)
2021 has been a splendid year for Litecoin. Along with enjoying a rapid period of growth, LTC also breached its previous all-time high of $375.29 to $412.96 on May 10, 2021. Being the first pure fork of Bitcoin, the future of Litecoin looks bright, and its bullish outlook is likely to continue for a few more years as per predictions.
It is a more scalable, faster, and secure network that processes low-cost payments compared to Bitcoin. One significant quality of Litecoin that is worth hailing is its practicality. It has worldwide adoption, as many small businesses adopt LTC as a prominent mode of payment for microtransactions.
Thanks to the speed and economy of Litecoin transactions, it made LTC a practical cryptocurrency for regular payments. Traders have thus dubbed it as 'the cryptocurrency for payments', adding to its popularity worldwide.
Yet another factor that should boost LTC value in the coming decades is its process of halving. This usually happens every four years, and the next halving is scheduled to take place on August 6, 2023. It also provides a relatively high block reward of 12.5 LTC that will eventually attract more miners to the network.
Read More: Could Litecoin Be A Millionaire-Maker Coin?
7. Binance Coin (BNB)
One prominent reason for the increasing popularity of Binance Coin is its trading platform, the Binance Exchange, one of the most preferred trading platforms. BNB is the native token that is used to pay transaction fees on the platform.
The increased adoption of the DEX platform for Binance and the developments of Binance Smart Chains (BSC) have highly impacted the price of BNB. It has had an impressive market take-over. From being the 10th largest cryptocurrency, BNB has grown to become the 3rd largest coin with a market cap of $79,046,562,637.
As it has started incorporating DeFi components, like creating Binance DEX that supports interoperability-focused DeFi projects, BNB is expected to see massive adoption in the coming decades. This will eventually make BNB one of the top 7 cryptocurrencies that could double your money in the future.
Experts from DigitalCoinPrice predict that BNB will soar to reach a value closer to $718 by the end of 2021, making it the best long-term investment option.
With Bitcoin's dominance getting relatively weaker in the crypto market, several altcoins are finally getting a chance to shine and expose their utilities. There are a plethora of cryptocurrencies with cutting-edge technology and high future potential in the market today.
While nobody can be sure about the price range as the crypto market is highly volatile, there are quite a few reasons to be optimistic about the coins mentioned above, making them the top 7 cryptocurrencies that could double your money.
Top 7 Best Cryptocurrencies That Could Double Your Money
To recap our top picks:
- Dogecoin (DOGE)
- Uniswap (UNI)
- Tron (TRX)
- Ripple (XRP)
- Ethereum (ETH)
- Litecoin (LTC)
- Binance Coin (BNB)
eToro – The Best Platform to Buy Cryptocurrencies
eToro have proven themselves trustworthy within the Crypto industry over many years – we recommend you try them out.
Virtual currencies are highly volatile. Your capital is at risk.