Top 10 Altcoins To Invest In 2021
With the crypto boom taking place recently you must be wondering what the best altcoins to invest in 2021 are. With more than 7000 cryptocurrencies already invented, choosing the best Altcoins to invest in 2021 is not an easy thing to do. Fear not, we at Trading Education put a list of the top Altcoins to consider in 2021.
Cryptocurrencies are receiving special attention at the beginning of 2021 as they are undergoing a bull run. Bitcoin is the leader and has received the most attention growing above $55,000 which has never happened before in its history.
There is a lot of buzz on Twitter from crypto enthusiasts and analysts who have been caught somewhat surprised, with the recent growth that cryptocurrencies are recently experiencing. Although we must say that it was pretty much predicted.
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Here at Trading Education we have followed closely everything that has happened in the crypto world in 2020 has been an interesting year, but 2021 is expected to be even more exciting.
Even though Bitcoin is getting a lot of attention, analysts believe that altcoins could significantly increase in value in 2021. Below we present you the top 10 altcoins you should consider this year.
You also have to keep in mind that buying the best Altcoins is not enough to be a successful crypto trader.
The Top 10 Altcoins to Explode in 2021:
3. Bitcoin Cash
What Are The Top 10 Altcoins Will Explode In 2021?
This list will always be changing as Altcoins come and go. Not all Altcoins can stand the test of time, though there are definitely some in 2021 that you will be familiar with.
Here’s a look at the top 10 Altcoins to consider in 2021:
1. Ethereum (ETH)
Founded by Vitalik Butterin in 2013 Ethereum is the second-largest cryptocurrency after Bitcoin. Ethereum is symbolized with decentralized applications (dApps). Therefore, Ethereum is not just a digital currency, but its blockchain is being adopted widely also. Recently Microsoft adopted Ethereum’s blockchain for gaming royalties which was big news for ETH and the supporters of its blockchain technology.
Ethereum soared past the $2,600 mark and hit its highest level since February 2, 2018.
Currently, some of the most prominent dApps run on the Ethereum blockchain, such as Aragon, Auger, MakerDAO, gnosis, etc.
Following the launch of Ethereum 2.0 and as its blockchain technology is being adopted even more analysts believe that Ethereum could reach new heights in 2021. The crypto enthusiast and analyst Ivan On Tech has made its price prediction for Ethereum on Twitter and according to him, there is a possibility that Ethereum could go to $6000 by the end of 2021.
Read Also: What Will Ethereum Be Worth In 10 Years?
2. Litecoin (LTC)
Litecoin is the fifth-largest cryptocurrency by market cap. It was founded by Charlee Lee in 2011. Lee wanted to make some improvements to Bitcoin, but he instead went to create a new hard fork, copying Bitcoin’s code and making some changes, thus creating a new altcoin called Litecoin.
Using the Proof of Work (PoW) mechanism Litecoin is similar to Bitcoin as it aims to become an alternative currency to fiat in the future. Litecoin has an advantage compared to Bitcoin as it uses a blockchain called “scrypt” which is faster and more efficient.
Litecoin reached its all-time high of $360 on December 19, 2017. Following Bitcoin’s price increase Litecoin’s price more than doubled from December as currently, it stands at $256.
Litecoin’s price is expected to grow in 2021. Longforecast predicts that Litecoin could go up to $496 by November 2021. Crypto analysts actually consider this to be a conservative prediction as the price could go even higher.
Have You Considered Investing in Litecoin?
3. Bitcoin Cash (BCH)
Bitcoin Cash is another altcoin to pay attention to in 2021. Bitcoin Cash was created in 2017 when it split from Bitcoin, so it is another fork of Bitcoin. In 2020 Bitcoin Cash generated slow returns of just 42%. But on the other side, the altcoin showed stability as it did not decrease in price hugely.
At the moment the price of Bitcoin Cash stands at $870. Since there is a bullish crypto ecosystem, Bitcoin Cash is expected to increase in price in 2021 steadily. According to Walletinvestor Bitcoin Cash price could go up to $1053 by the end of the year. Considering that this price prediction is not too far from the current price, we can say that this would be a nice steady increase for the altcoin.
Have You Considered Investing in Bitcoin Cash?
4. Ripple (XRP)
Ripple was launched in 2012 with the goal to revolutionize the financial system by bridging currencies together in transactions on RippleNet, a global payment network. The currency conversion process is seen as an obstacle by major financial Institutions and Ripple is a great alternative as it does not use that process.
Ripple has the potential to expedite all cross-border transactions between currencies, including fiat and cryptocurrency.
Ripple reached its all-time high of $3.40 on January 07, 2018. Although Ripple throughout its existence has been an altcoin that has brought considerable profits to investors, 2020 has not been so kind for XRP.
Ripple has had some good periods in 2020. Only in November, it experienced a 126% increase and it was all fine for the altcoin until The Securities and Exchange Commission (SEC) unveiled its complaint against Ripple, charging the company with illegal issuance of securities in the form of sales for XRP.
After the news, Ripple lost support and started getting unlisted by many exchanges. Its price crashed 42% within 24 hours after the announcement. Ripple was aiming to be ranked as the second cryptocurrency in Coinmarketcap’s list competing with Ethereum, but it slipped now in the fourth place due to the allegations.
At the moment, Ripple’s price stands at $1.42. Although the altcoin is not going through a good time right now, if Ripple wins the case with the SEC, then there is a possibility that things might take a different turn and its price could go upwards again.
Read More: Is XRP a Good Buy?
5. IOTA (MIOTA)
IOTA is one of the most promising altcoins out there. Its blockchain is not anything like the traditional one. IOTA uses a directed acyclic graph (DAG) model. Through this model, instead of placing a transaction in a block on a chain, they are placed and linked together in a web which is called Tangle.
This system is much faster and efficient, which actually is what characterizes IOTA and when it comes to the internet of things (IoT), IOTA is the leader.
In 2020 IOTA has not shown any notable growth. At the moment the IOTA’s price stands at $2.18. However, the price has been consolidating since November 2020 with a slow but a steady increase.
In 2021 analysts believe that IOTA’s price could increase. Digitalcoin is optimistically predicting the IOTA price to reach as high as $3.34 by December 2021.
6. Cardano (ADA)
Cardano is one of the most prominent cryptocurrencies out there. It is ranked seventh on the Coinmarketcap list. Cardano was launched in 2017 by the co-founder of Ethereum Charles Hoskinson. While Bitcoin uses Proof of Work (PoW), Cardano uses Proof of Stake (PoS) technology which is considered better by many as it is more efficient.
Cardano’s price has been steady in 2020 without any significant growth nor decrease. But the altcoin’s price started growing in January 2021. At the moment the price of Cardano stands around $1.30. Crypto analysts believe that Cardano’s price could increase significantly in 2021.
According to Cryptobriefing Cardano at the moment is sitting on stable support before its possible rise in 2021, breaking “out of a prolonged consolidation period that began in November 2020”. According to their prediction, Cardano could hit the $2.00 mark in 2021.
Don't Miss: Can Cardano Make Me Rich?
7. Tezos (XTZ)
Tezos is another altcoin you should be on the lookout for in 2021. It was founded in 2018, and it is an open-source blockchain. Tezos is characterized by its on-chain governance where all the stakeholders can vote for the proposed updates on the network.
Tezos' reputation grew when it successfully raised $232 million in its ICO, which actually was a huge offering at the time.
2020 was not a bad year for Tezos. The altcoin reached $4.44 August 13th of the same year. Then Tezos had a price decline.
But, as Bitcoin continues to go upwards, most of the altcoins are following as well, including Tezos. This momentum pushed Tezos past $7 mark, reaching its all-time high at $7.67 on Apr 17, 2021. At the moment Tezos stands around $5.38.
8. DASH (DASH)
Dash is another Bitcoin fork that was launched in 2014. DASH is run by masternodes which are a subset of users that make the decentralized autonomous organization (DAO).
DASH was launched as "Xcoin" by Evan Duffield, but then it was subject to pump and dump speculations. Later the altcoin rebranded itself as DASH, then was no longer used in dark markets.
DASH hit its all-time high of $1,493 on December 20, 2017. In 2020 DASH has been hovering around the $100 mark and at the moment its price stands at $90.63.
DASH didn’t start 2021 very well as it was delisted from the Bittrex exchange on January 1st causing millions to be wiped off its market. However, Digitalcoin predicts that DASH could reach $469 by the end of the year.
Read Also: Should You Buy Dash?
9. TRON (TRX)
Tron was founded in 2017 by Justin Sun. It is a blockchain-based decentralized system. Its native cryptocurrency is TRX. In 2018 Tron became entirely independent as it turned its protocol from an ERC-20 token on top of Ethereum to an autonomous peer-to-peer network.
TRON hit its all-time high of $0.231 on January 05, 2018. At the moment of writing, TRON stands at $0.029.
TRON has a lot of potential for the future as its blockchain is highly being valued. Recently BitGo has launched wrapped Bitcoin and Ethereum on Tron’s Blockchain. In 2021 Tron is expected to grow in price. Trading Beasts predicts that Tron can reach 0.113 by December 2021.
10. NEO (NEO)
Founded by Da HongFei and Erik Zhang in 2014 NEO is an open-source blockchain decentralized application that aims to utilize smart contracts and manage digital assets.
NEO runs on a decentralized Byzantine fault-tolerant (dBFT) consensus mechanism which is highly valued as it can process up to 10,000 transactions per second.
NEO reached its all-time high of $198.38 on January 15, 2018. At the moment, NEO’s price stands around $92. Analysts believe that in 2021 NEO’s price could increase. Taking into consideration the potential in terms of scalability of NEO platform, we could say that NEO might be just the right choice for investors in 2021.
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Virtual currencies are highly volatile. Your capital is at risk.
- With the recent Bitcoin bull run, altcoins have followed up as well, increasing in prices.
- Analysts believe that 2021 could be the year of altcoins.
- Litecoin, Ethereum, Bitcoin Cash, NEO, Tron, IOTA, Tezos, Cardano and Ripple; These are our top Altcoins for 2021.
- According to Ivan On Tech, Ethereum could go to $6000 by the end of 2021.
- Litecoin is the fifth-largest cryptocurrency by market cap, and in 2021 its price could go as high as $496 according to Longforecast.
- Ripple lost support and started getting unlisted by many exchanges amid allegations from The Securities and Exchange Commission (SEC) for illegal issuance of securities in the form of sales for XRP.
- However, if Ripple wins the case with the SEC, then there is a possibility that things might take a different turn and its price could go upwards again.
- IOTA is one of the most promising altcoins out there. Its blockchain is not anything like the traditional one as IOTA uses a directed acyclic graph (DAG) model.
- Digitalcoin is predicting the IOTA price to reach as high as $3.34 by December 2021.
- Tron became entirely independent in 2018 as it turned its protocol from an ERC-20 token on top of Ethereum to an autonomous peer-to-peer network.
- Trading Beasts predicts that Tron can reach 0.113 by December 2021.
These were our 10 altcoin picks to invest in 2021 here at Trading Education. If you have found this article helpful, please share it as there could be someone else who would like to benefit from it.
Disclaimer: Cryptocurrencies are highly volatile. Your capital is at risk
Trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors.