What Are The Next Cryptocurrencies To Explode in 2021?
Next 10 Cryptocurrencies to Invest in 2021
With New All-Time Highs Being Recorded In May, What Cryptocurrencies Are Next In Line To Rally?
Cryptocurrencies cannot be considered as jokes anymore; they are worth an estimated $1.67 trillion. This article takes an overview of cryptocurrencies, their impact on centralized finance, and - most importantly for prospective investors - the pros and analysts' forecasts which can help answer the question: What are the next cryptocurrencies to explode in 2021?
Cryptocurrencies were first introduced to the general public in 2009. Satoshi Nakamoto released the white paper behind the blockchain and cryptocurrency Bitcoin. Since that day, he hasn’t been heard of again.
At first, it looked like a joke when black markets such as Silk Road became the first major users of Bitcoin. Silk Road’s use of BTC for selling illegal drugs raised suspicions about the legitimacy of the coin to be accepted as a means of payment.
The introduction of Litecoin (2011), Dogecoin (2013), and Dash in January 2014 improved the speed of processing transactions. Ethereum joined the train in 2014 and during its release in 2015, employed the same proof of work algorithm which had mired Bitcoin’s progress as a digital currency in the mainstream.
With parent crypto trading below $500 in 2015 and 2016, a crypto bubble ensued in 2017. Despite China’s ban in September 2017 on all activities related to cryptocurrencies, the market led by Bitcoin remained bullish. Bitcoin and other altcoins such as Litecoin and Ethereum followed. BTC crossed the $20,000 price milestone for the first time and reached an all-time high in the process.
After a great bubble, Japan joined China and announced a ban on cryptocurrencies which showed traits of anonymity. Considering the whole idea of cryptocurrencies is decentralization (privacy and security), digital currencies had hit a huge wall.
2019 became a year of recovery for cryptocurrencies. Sharp recessions engulfed the cryptocurrency market due to the pandemic. Little did the finance world know that such a market crash was going to cause an “UPTREND”. An uptrend occurs when an asset hits new high lows and with relatively cheaper prices, rally to reach new high highs.
As of June 2021, the cryptocurrency market is worth $1.67 trillion.
With Bitcoin rallying to a new all-time high above $60,000, analysts are asking one particular question; what coin would become the next golden goose?
Next Cryptocurrencies to Explode in 2021:
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What Are The Next Cryptocurrencies To Explode in 2021?
Planning to buy crypto assets in 2021? With more than 6,000 cryptocurrencies, choosing the next cryptocurrencies to invest in 2021 is not an easy task to do. Fear not, we at Trading Education have put a list together of the next cryptocurrencies to invest in 2021!
1. Dogecoin – from joke cryptocurrency to Millionaire Maker
Dogecoin is a decentralized peer-to-peer cryptocurrency that enables anyone with access to the internet to send and receive money without intermediaries. It is internet currency.
Jackson Palmer and Billy Markus are the creators of Dogecoin. DOGE came into existence to poke fun at Bitcoin and Litecoin after it made attempts to break into centralized finance. Jackson Palmer took advantage of the buzz around social media and used Twitter to indirectly promote his innovation. Palmer did not know the kind of attention his cryptocurrency was gaining from followers of decentralized finance.
One of the followers was Billy Markus. Markus was a software developer who tried but failed to create a cryptocurrency that could catch on with the public. He reached out to Jackson Palmer and together, they came up with Dogecoin. DOGE was designed to be different from BTC and LTC and was a friendlier cryptocurrency.
Based on employing a proof of work algorithm, hackers can't break into Dogecoin’s blockchain. Any hacker must have control of 51% of computational power before they can control the network of dogecoin.
As a result of introducing SCRYPT in its proof of work algorithm, DOGE scales relatively faster than most cryptocurrencies. DOGE confirms 1 block every 60 seconds. Relatively, Litecoin confirms blocks at an average time of 2 minutes 30 seconds; Ethereum confirms blocks at an average time of 13.11 minutes, and BTC, an average time of 13.95.
This is the main reason why DOGE has increased use rates from partnerships COVCARE and NBA Franchise (Dallas Mavericks).
As a result of such partnerships and features, is Dogecoin a good investment, is now a time to buy dogecoin, will dogecoin reach $1, will dogecoin continue to soar?
Price Predictions of Dogecoin
Experts at Digital Coin Price have weighed in on the future of DOGE. According to the experts at Digital Coin Price dogecoin could reach $0.96169912 by the end of 2021.
With social media fans such as Elon Musk, Mark Cuban, and Snoop Dogg as well as fans on Reddit and Twitter promoting the cryptocurrency, dogecoin could reach $1.18 to close out 2022.
The experts forecast the cryptocurrency to make its way into the mainstream and be listed on Coinbase soon just as eToro has listed DOGE due to high demand. DOGE could trade for a coin at $1.38 to end 2023.
With several petitions signed on Change.org urging Amazon to list DOGE as an option of payment, Digital Coin Price believes the cryptocurrency could trade at average prices of $1.69 by the end of 2024, $1.9 (2025), $2.3 (2026), $2.27 (2027) and $2.97.
Should You Invest in Dogecoin?
Due to the hype surrounding Dogecoin, particularly, Elon Musk, Mike Cuban, Snoop Dogg, and social media followers, several analysts estimate DOGE to be a good investment. Dogecoin has returned an impressive 13,746.97% year-to-date (YTD) which has brought huge gains to the portfolio of several investors.
With more potential partnerships in the future which could see
DOGE listed on eToro and Coinbase, more activity on the cryptocurrency would have a direct reflection on the market valuation of the digital asset. DOGE could see more users in the future as well if the petitions to Amazon go through for the digital asset to be listed as an option of payment.
You should consider investing in Dogecoin because as per the price forecast of the Long Forecast, DOGE could have a trading price of at least $2.46 by the end of 2021. With that price under perspective, any amount of DOGE purchased today (the price of $0.39) would surely lead to great gains in the future.
2. Ethereum – Will Ethereum Reach $10,000?
Ethereum has been trending in 2021 but few people know the technology is not only a platform for creating DAPPS. It is also a programming language technology called TURING COMPLETE. Ethereum runs on a blockchain that helps developers build as well as publish distributed applications. Ether (ETH) is the novel token which powers the blockchain’s network. It is also traded on cryptocurrency exchanges globally.
A total of 8 people founded Ethereum. They are Vitalik Buterin, Gavin Wood, Charles Hoskinson, Joseph Lubin, Jeffrey Wilcke, Mihai Alisie, Amir Chetrit, and Anthony Di Lorio.
Ethereum gained funding in 2014 but was released in 2015. Due to difficulty in how the project should be managed, Charles Hoskinson left the project to found Cardano. Gavin Wood is still part of Ethereum and is also the founder of Polkadot.
Ethereum’s First Mover Advantage
Unlike Bitcoin, Litecoin, Dash, and Dogecoin which plays a primary role of serving as a transactional currency, Ethereum has widened the usage of Ether (ETH).
Ether is accepted as an option of payment on millions of merchants worldwide but also settles transactions of decentralized applications. Thriving on diversity, Ethereum triggered the possibilities of smart contracts and brought about decentralized lending, yield aggregation, and exchanges to the general public.
As a result of this, ETH is being used across decentralized finance (DeFi) protocols such as Aave and Compound as collateral for crypto loans. Aside from this, it plays a huge role through its use as “gas” to settle transactions from one user to the other. This is the main reason why it has been used to settle 1.54 million transactions worth $22.14 billion in the last 24 hours.
Ethereum controls at least 80% of decentralized finance and has the top 10 DAPPS with the most amount of money locked in.
Aside from this, Ethereum also leads the way in the new craze called Non-Fungible tokens with the best performing NFT platforms.
With diversification and strong use cases, is Ethereum a good investment, will it Reach $10,000? Will Ethereum double in price due to DeFi in the future, is now a time to buy Ethereum? Should you consider buying Ethereum? Is Ethereum going to soar in 2021?
Price Prediction of Ethereum (ETH)
Analysts at Prime XBT have provided answers to the question, is Ethereum still a good investment in 2021? According to analysts at Prime XBT, Ethereum could exchange hands for a potential high of $22,000 by the close of 2021.
The analysts further opined that Ethereum’s last upgrade called London Hard Fork (EIP-1559) which destroys coins when a base transaction fee is sent to the network could see Ethereum have a trading price of $27,000 by the end of 2022.
Experts at Prime XBT believe Ethereum would go through an UPTREND in 2023 to 2025 which would see it rally to a potential high of $70,000 on 31st December 2025.
Should You Buy Ethereum?
According to crypto analysts, Ethereum is worth buying. It is one of the top digital assets that have been predicted by analysts to explode and rally towards the end of the year and beyond. Ether has returned 374.84% year-to-date (YTD). Despite ETH’s recent increase, Previsioni Bitcoin foresees the digital asset increasing substantially in price very soon. According to their website, Ethereum could reach $10,309.15 by the end of 2021.
With cryptocurrencies being so volatile, the introduction of Ethereum Futures helps traders and investors use leverage to increase their capital, make a profit from future movements and curtail losses during sharp recessions.
With the ability to sense a potential loss in the future, perhaps now could be the time for you to buy Ethereum so that you do not miss out on potential gains. Despite its current price below $2,700, Previsioni Bitcoin has forecasted ETH to reach $10,095.39 by the end of 2021.
Read Also: Will Ethereum Reach $10,000?
3. Cardano – Will Cardano reach $5 before the end of 2021?
Cardano is one of the next cryptocurrencies to explode in 2021 according to experts.
Cardano has been trending due to the possibilities of its blockchain. Aside from this, it has gained traction in the online news media as the new golden cryptocurrency.
Several people confuse the two functions of Cardano as one. They normally refer to Cardano as a cryptocurrency. Cardano is a technological platform and its novel token is also called Cardano but it’s represented by its ticker symbol, ADA.
Cardano was created by Charles Hoskinson in 2015, a year after he left the Ethereum Project due to managerial disagreements with Vitalik Buterin. It was co-founded by former Ethereum associate Jeremy Wood. As a blockchain, Cardano aids in the running of financial applications that are used by individuals and business organizations worldwide.
Cardano’s Features and Possibilities
Cardano has formed partnerships across the globe especially in developing economies. In Asia and Africa, Cardano is helping governments build technological systems which would bring productivity to various sectors of their industries. Founder Charles Hoskinson decided to tackle the scalability problems associated with blockchain technology and opted for OUROBOROS.
Ouroboros is part of the family of proof of stake consensus protocol and can run permissionless and "permissioned" blockchains. Cardano through its Settlement Layer runs 1,000 transactions per second. This is relatively faster than BTC (4.6) and Ethereum (15 to 30) transactions per second.
Cardano does not have a strong user base but ranks 3rd to Polkadot (DOT) and Kusama (KSM) in terms of developer activity with 417.5 in the last 30 days. This places the technology in a good position for usage as soon as the blockchain accomplishes its roadmap and gains full functionality. Scaling faster also brings relatively lower transaction costs which would be great for users.
Cardano Price Predictions
Coin Price Forecast has analyzed the future of Cardano on a fundamental and technical level and feels ADA is a good investment in 2021 and beyond. According to Coin Price Forecast, ADA could reach $1.80 by the close of June and a potential high of $4.41 by the end of 2021.
Continuous partnerships through its commercial arm EMURGO could see Cardano exchange hands for $14.78 on the last day of 2022 and $23.48 (2023). Coin Price Forecasts predicts ADA to make huge gains when its project milestone (HYDRA) is completed. This could see Cardano process at least 1,000,000 transactions per second and take its price to $36.83 by the end of 2024, $50.69 (2025), and correct to $47.59 to close out 2026.
Cardano is decentralized but centralized and may survive any regulation which may arise in the future. According to Coin Price Forecasts, Cardano could trade for a coin at $62.48 (2027), $74.56 (2028), $91.20 (2029), $116.30 (2030), $149.81 (2031) and $189.08 (2032).
Is Cardano a buy?
According to Skerdian Meta at FX Leaders, Cardano is a digital asset worth buying due to its potential in the future. As per the predictions of the analyst, Cardano could trade in the price range of $2 and $3 by the end of 2021.
With the boom of decentralized finance, a fully functioning Cardano could provide great applications which can go a long way to simplify how we go about our financial activities. Aside from this, Cardano has received several proposals with regards to the creation of non-fungible tokens (NFTs).
This could see more developers move from Tron and Ethereum to Cardano as the number one blockchain of choice. With the accomplishments of its roadmaps, ADA could soar above the price estimates of experts.
Check Out: Is Cardano a Good Investment?
4. Tron – Will TRX follow Cardano and Ripple and reach $1 before the end of 2021?
Tron is a blockchain-based decentralized operating system that aims to build a global digital content entertainment system that is free. Tron comes with a distributed storage technology that allows an easy way of sharing digital content cost-effectively.
Tron is part of the third generation blockchains which aims to move the world from the previous 2.0 to Web 3.0. Tron was founded by Justin Sun in 2017. It operated on the blockchain of Ethereum but moved out to its blockchain in 2018 due to scalability emanating from Ethereum’s reliance on proof of work algorithm.
The primary purpose for the creation of TRON is to provide creators of online content a strong say in how their contents should be remunerated and shared. Tron can process 2,000 transactions per second and have a $0 transaction fee.
It has real-world use cases through its partnerships with Samsung, Opera Browsers, and MixMarvel which helps it reach millions of people and bring activity to the novel token Tronix (TRX). Such activity is what has seen TRX record 3.52 million transactions which are valued at $654.20 million in the last 24 hours.
Tron Price Predictions
Such partnerships and strong use cases have made experts at Wallet Investor weigh in on Tron being one of the next cryptocurrencies to explode in 2021. Do the predictions provide answers to questions such as what will Tron be worth in 2025? And is now a time to buy Tron?
According to experts at Wallet Investor, Tron could have a maximum trading price of $0.178 by the end of 2021 and soar to $0.247 to close out 2022. As a result of heavy usage of the technology’s platform in terms of decentralized finance, the platform estimates TRON TRX could reach $0.324 by the year’s end of 2023 and $0.414 by the end of 2024, and $0.5027 by December 2025.
Is Tron a good investment in 2021?
Tron is a digital asset that is worth buying. This is because TRX is trading at a relatively lower price ($0.077). Additionally, Tron’s Global DeFi Hackathon Program is still open with a final review slated for 8th May 2021.
Due to the strong competition in DeFi, the categories of stablecoin, insurance, infrastructure, analysis & visualization, computing-based mining, lending, payment, protocol interfaces, and decentralized exchange have been opened for submissions. This would help TRON compete with Ethereum and Cardano as the new king of DeFi.
With TRONs current total number of accounts reaching 30,972,853 and the total number of transactions on its network reaching $1.816 billion, this explains the $5.4 billion trade volume recorded in the last 24 hours. Trade volumes play a huge role in terms of signaling investor confidence and interest in an asset.
TRON has also become the first DeFi blockchain to support the trading of dogecoin. Users of TRON can deposit and trade DOGE with USDT and earn interest on TRON DAPPS such as JustLend and JustSwap.
TRON has returned 439.67% year-to-date. With the predictions of analysts supporting the thesis, TRX is poised to soar to new price highs soon. Therefore, TRX is an asset worth consideration in your portfolio of investments.
Read Also: Tron Price Prediction for 2025 and 2030
5. Ripple – Will XRP reach $5 after Ripple’s case with SEC is fully settled?
Ripple is normally used interchangeably with XRP. XRP is the native cryptocurrency of Ripple. Its network is called RippleNet. The company which oversees the continuous development and adoption of cryptocurrency and its network is called Ripple.
Ripple is a real-time gross settlement system, currency exchange, and remittance network. Built on a distributed open-source protocol, Ripple supports tokens that represent fiat currencies, commodities, and cryptocurrency as well as other units of value such as frequent flier miles or mobile minutes.
Jed McCaleb and Chris Larsen are normally created as the founders of Ripple. On the other hand, the originator of Ripple is Ryan Fugger, a software developer, and writer of the network of Ripple.
Ripple is in partnerships with several financial institutions such as Union Bank of Switzerland, UniCredit, Santander, Standard Chartered. They have adopted Ripple’s software solutions.
RippleNet provides on-demand liquidity (ODL) through the cryptocurrency XRP to bridge two currencies in a space of 3 seconds.
This has seen Ripple service several international remittance companies which have brought huge user activity on XRP. This is the primary reason why XRP in the last 24 hours has a total transaction count of 1.20 million which is worth an estimated $2.08 billion.
Despite its pending case with the SEC, Ripple has crossed $1 after dropping to new lows in December 2020. With positive crypto market sentiment for cryptocurrencies, analyst Gracie Perez at Ripple Coin News has provided answers to the questions, what will Ripple be worth in 2025 and 2030? And, will Ripple reach $5?
According to Gracie Perez, XRP could reach a potential high of $2.30 and $4.50 by the end of 2021 and 2022 respectively. Ripple (XRP) could achieve such price milestones if more traders and investors opt for XRP as one of their prime investment vehicles.
Gracie Perez further forecasts a settlement of the SEC case and Ripple’s on-demand liquidity service facilitated through the use of XRP could see the crypto trading asset trade for a coin at $6 by the year’s end of 2024. XRP could then rally towards $10 by the end of 2025.
With several partnerships in the past (REMITR, TRANGLO, TRANSFERGO, NIUM, XENDPAY) and more to come soon, Gracie Perez sees Ripple XRP as an asset with long-term potential. The analyst estimates Ripple XRP to be valued at $30.04 in 2030.
Is XRP the next cryptocurrency to explode?
XRP is one of the next cryptocurrencies to explode along with Tron (TRX), Cardano (ADA), and Ethereum (ETH). XRP has returned 643.15% despite the SECs case hanging around its parent company’s neck.
Ripple continues to foster several partnerships with centralized financial institutions to provide them with software solutions as well as on-demand liquidity which saves them time when processing cross-border payments.
On 3rd March 2021, Ripple announced through its digital address that it is testing the use of private ledger to create central bank digital currencies. With several partnerships across the globe, Ripple may become the go-to software company. If payments are received through XRP, activity on the cryptocurrency would soar substantially.
6. Binance Coin – Will BNB surpass Ethereum in the race to $10,000?
Binance Coin is one of the best-performing cryptocurrencies in the world. Binance was formed by Chanpeng Zhao in 2017. Many people who are alien to decentralized finance normally confuse Binance with Binance Coin.
Binance is the largest regulated cryptocurrency exchange platform globally. On the other hand, Binance Coin which trades under the ticker symbol, BNB, is the novel token of the Binance Smart Chain.
Binance Coin has a primary purpose of providing an alternative way for users of Binance Exchange to pay fees. BNB can also be used as a digital currency in the investment of exchange-traded funds (ETFs), stocks as well as other assets.
Binance Exchange records huge volumes than most exchanges globally. Considering BNB is used to settle transactions on the network, huge user activity has placed the digital coin in high demand. This explains the $3.818 billion in trade volumes recorded in the last 24 hours.
Binance Coin was once an ERC-20 since Binance run on the blockchain of Ethereum. Binance moved to the Binance Smart Chain in September 2020 and can scale approximately 1.4 million transactions per second. The Binance Smart Chain is extremely secure with multi-tiered and multi-clustered architecture.
BNB can also be used as collateral to secure crypto-backed loans. It has been listed on NEXO, YOUHODLER, INLOCK, and KAVA LABS. By investing in BNB and lending the digital currency, users can get rewards as well.
Binance Coin Price Prediction
Having opened at $37.37 on 1st January 2021 and currently trading for $383 at the time of writing, experts at Trading Beasts have added their voice to the future potential of BNB on the market. According to experts at Trading Beasts, there is a huge chance Binance Coin could have a maximum trading price of $702.131 by the end of 2021.
Trading Beasts further forecasts Binance Coin to have a maximum price of $878.690 by 31st December 2022. This would be attributed to increased activity on the cryptocurrency through the use of Binance Exchange.
With the use of Binance Coin as collateral for crypto-backed loans on several authentic DeFi lending platforms, Trading Beasts estimates BNB at maximum prices of $1,048.947 and $1,283.781 by the end of 2023 and 2024 respectively.
Binance is not volatile like other cryptocurrencies and has a maximum supply cap which is subject to burning. More importantly, the price of BNB is also supported by DAPPS which run on Binance Smart Chain such as Ape Swap, PancakeSwap, Swamp Finance, and Autofarm among others.
What Will Binance Coin Be Worth?
According to Arslan Butt at FX Leaders, based on fundamental and technical analysis, Binance Coin could be worth $850 to $1,000 by the close of June.
The analyst believes BNB could face a bearish correction, Fibonacci retracement as well as profit-taking in the months leading up to the end of the year. BNB could therefore trade for $1,500 to $2,000 to end 2021.
Having already returned 1,620.28% in the space of 5 months, it is no surprise that FX Leaders thinks Binance Coin could rally towards $5,000 to $10,000 within the next 3 years.
Perhaps, now could be the perfect time to have a small stake in BNB and see where it could take you as per your investment goals.
Check Out: Is Binance Coin Worth Buying?
7. Chainlink – Will LINK reach $100 and bring gains to investors?
Chainlink is the first mover of decentralized oracles which provides real-time data to help several individuals and businesses.
Founded by Sergey Nazarov and Steve Ellis, Chainlink is a decentralized oracle network that has the primary aim of connecting smart contracts with real-world data.
Users, researchers, and developers are behind the collective development of Chainlink. Chainlink Lab is behind the blockchain and its novel token, LINK.
LINK is one of the cryptocurrencies going to explode because of milestone accomplishments in April 2020. Chainlink announced 500,000 non-zero active wallets on its network. Additionally, Chainlink has reached 500 integrations with the 500th partner being the decentralized finance monetary system, Gaugecash. Among the integrations are 213 DeFi projects and 84 blockchains. Chainlink continues to upgrade its network which sees it increase by 10-fold in the provision of real-world data to support smart contracts.
Experts at the Economy Forecast Agency, also known as Long Forecast estimates LINK to provide great returns due to its accomplishments.
According to the experts at the Long Forecast, Chainlink LINK could have a trading price of $127.07 by the close of 2021.
Long Forecast predicts Chainlink to increase substantially to $186.67 and $256.99 due to new and improved DAPPS soon to be launched on the platform by the end of 2022 and 2023 respectively.
Experts at Long Forecast believe Chainlink LINK could have a trading price of $304.35 by the close of 2024 and ends 30th June 2025 with a price of $219.98.
So, should I buy Chainlink?
Chainlink is a digital asset you should consider buying due to its promise on the market. Chainlink has 144.9 developers building new DAPPS on its blockchain in the last 30 days.
Since LINK is used to settle transactions, more DAPPS could see more activity on LINK. The cryptocurrency has also seen a huge rise in trade volumes recently which confirms investor activity.
Chainlink has also released a white paper that details its roadmap for the adoption of hybrid smart contracts. This means that more applications are coming onto the platform resulting in more user activity on the crypto trading asset.
LINK has seen great institutional investment in 2021 with the best one coming from the largest digital assets management firm in the world, Grayscale.
Grayscale has recorded more than 41% gains from LINK in the space of 3 months.
With more than 7 months left till the end of the year, perhaps you can follow in the footsteps of Grayscale and reap rewards that may emanate from the buying and selling of LINK in the not-too-distant future.
Read Also: Chainlink Price Predictions
8. Uniswap – Is Uniswap a good investment?
Ethereum developer Hayden Adams created Uniswap and launched the platform in November 2018. As a decentralized exchange (DEX), users of Uniswap do not have to create an account before they are allowed to swap digital assets.
One of the pros of Uniswap is its ability to solve the liquidity problem which was earlier associated with DEX.
Users of Uniswap are normally rewarded with fee income when they provide liquidity services that enable token swapping. Overall, the platform is highly user-friendly; users have full control over their private keys, external wallet integration and come with low fees.
More than 12,857 transactions have been settled with UNI which is worth $377.5 million. With a trading volume of $1.26 billion and market capitalization of $21 billion, UNI is the 11th largest digital asset globally. Uniswap UNI has returned 876.91% year-to-date and such performance has caught the eye of experts at Cryptonewz.
CryptoNewsz forecasts Uniswap UNI to trade at a minimum price of $80 by the close of 2021 if traders and investors pour money into the DeFi coin. A price of $80 would be more than 3X the current price of around $28. There could lead to a huge sell-off which would see a price correction and take UNI to at least $61 by the end of 2022.
From 2023 up to the end of 2025, CryptoNewsz estimates the cryptocurrency to trade between $90 and $100 or even more.
UNIs price is relatively cheaper than Binance Coin and other DeFi coins. Buying one or two of the DeFi coins would not do much to your savings account. With its potential in the market, a double in its current trading price of $40.65 could be on the cards.
With $7.2 billion locked-in, more development on the platform could bring more users which would have a positive effect on the valuation of the cryptocurrency.
Don't Miss: Is Uniswap a Good Investment?
9. Solana – Will Solana become an Ethereum Killer in the future?
Solana was founded by Anatoly Yakovenko. Solana’s protocol and novel token SOL were released to the general public in 2020. As a highly functional open source project, Solana thrives on the permissionless nature of blockchain technology to provide DeFi solutions.
Solana is extremely different and has ignored proof-of-work and has added to the proof-of-stake (POS) consensus of the blockchain. It employs POS combined with proof-of-history (POH) which sees its blockchain scale relatively faster than Ethereum and Bitcoin.
Fast scaling times lead to relatively lower gas fees when using SOL to complete transactions. SOL streams transactions without waiting for global consensus. This could see Solana become the platform of choice for developers who are looking forward to raising capital soon. Solana ranked 7th in terms of developer activity within the last 30 days up to the time of writing with 233.63.
SOL has a price of $32 and a market capitalization of $8 billion. SOL is the 18th largest digital asset globally and has returned 2,770.86% year-to-date.
Analysts at Gov. Capital estimate SOL to have the best possible trading prices of $81.949 by the end of 2021, $175.7453 (2022), $322.8418 (2023), and $527.9581 (2024).
With more improvements on its network which would see more DAPPS, Solana could rival Ethereum, Tron, and Cardano. SOL could reach $790.13855 by the close of 2025.
Gov.Capital believes SOL could have a trading price of $939.41315 on the last day of April 2026.
As a potential Ethereum Killer, SOL is an asset that is worth buying based on positive price forecasts by analysts.
Don't Miss: Solana Price Predictions
10. EOS – with trade volumes bigger than capitalization, will EOS explode in 2021?
Daniel Larimer and Brendan Blumer are the authors of the white paper of the EOS platform. EOS relies on smart contracts to allow developers to build DAPPS. What makes the EOS platform unique is its capacity to accommodate several DAPPS. Evidently, in a study conducted by DAPP REVIEWS on trade volumes experienced by smart contract chains, the EOS platform finished 2nd only to Ethereum. The current trade volume stands at $19 billion with a market capitalization of $10 billion.
Long Forecast predicts EOS as one of the next cryptocurrencies which are going to explode in 2021. Long Forecast believes EOS could command a price of $27.99 by the close of the end of 2021. Experts at Long Forecast think EOS could have a price of $29.68 and $36.17 in 2022 and 2023 respectively due to several improvements on its network.
EOS has returned 352.45%, has a relatively lower price of $11.52, and commands a huge potential. If we are to go by the predictions of experts, then EOS is a good investment in the long term and one of the next cryptocurrencies to bring huge returns to investors.
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