What Top 10 Cryptocurrencies Will Explode In 2021?

The best cryptocurrencies to invest in 2021

Last Updated September 7th 2021
17 Min Read

Cryptocurrencies are exploding in popularity. Part of that is because of the skyrocketing prices of some of those crypto assets. Of course, Bitcoin is not the only cryptocurrency on the market. There are thousands of similar digital currencies out there, and more being created every day that might be the next big cryptocurrency to explode. 

Planning to buy or invest in cryptocurrencies in 2021? With more than 11,000 cryptocurrencies, choosing the best cryptocurrencies to invest in 2021 is not an easy thing to do. Fear not, Trading Education has put a list together of the best cryptocurrencies to invest in 2021!

According to a variety of experts, the top cryptocurrencies to invest in 2021 are Cardano, Ripple, Dogecoin, and Ethereum.

If you have any plans to invest in the crypto market this year, we have good news for you! 2021 has been one of the best years for crypto EVER. 

We’ve seen Bitcoin triple its previous all-time high (ATH), and many of the most popular coins reach new records too.

And despite the steep decline that took place in May, experts believe that we’re actually midway through a huge bull run that could explode again at any moment.

But when it comes to deciding what crypto to invest in, the choices can be somewhat overwhelming as there are thousands of cryptocurrencies available on the marketplace. 

It’s difficult and time-consuming to do your research and sort the worthy ones from the “unfruitful” ones. 

That’s why we’re here to help you. The following is a list of the top 10 cryptocurrencies that are expected to explode in 2021 and make an even bigger impact in the years to come. 

Ultimately, there is no single cryptocurrency we can point out as the best of the best. There are simply too many to choose from and the list keeps growing.

Many cryptocurrencies offer quite attractive investment opportunities, depending on what you’re looking for and what your investment goals are. 

One other thing to consider is the level of experience you have. For instance, some cryptocurrencies might be a good investment for beginners, while others are suitable for more advanced crypto traders. 

You also have to keep in mind that buying the best cryptocurrencies is not enough to be a successful crypto trader

Take a look at these best cryptocurrencies to invest in this year and start your 2021 on the right foot.

Top 10 Cryptocurrencies To Explode In 2021:

A Quick Word On Security!

Many traders have witnessed their crypto journey come to an end because they didn’t pay enough attention to security. 

If you are truly serious about investing in cryptocurrencies, you have to put effort into protecting your investment by reinforcing your security

Many of the mistakes cryptocurrency investors make are related to security. For example, forgetting to enable 2FA (two-factor authentication), leaving your coins in an exchange, not owning a hardware wallet, or simply falling victim to scams.

By the end of the article, you should have a solid understanding of the top cryptocurrencies in 2021, how to invest in them and why they should be your top considerations when getting started, and some of the best cryptos to get you started on your journey. 

If you want to dive into the crypto market quickly and easily, with 0% commission, check out eToro Exchange!

Top Cryptocurrencies to Consider In 2021

With all of the soaring crypto assets, many investors are wondering about the top cryptocurrency to explode in 2021. Can crypto prices go higher from record level? Many experts say they can.

Ten contenders for the best crypto to buy for 2021:

1. Cardano (ADA) - A whopping $10 by the end of the year?

Cardano has been a strong player since it entered the game back in 2015 and 2021 looks like it will be another strong year for this cryptocurrency.

Is Cardano A Good Investment?

The key thing that stands out about Cardano is its Ouroboros blockchain, which is really two blockchains that work in tandem with each other.

One blockchain deals with ordinary transactions, while the other handles smart contracts.

The idea is that by separating the two, Cardano can ensure scalability and speed as the two types of transactions will not slow each other down.

But there is also a lot more going on with Cardano than first meets the eye. 

Cardano is a third-generation cryptocurrency that seems to be doing a lot of what Ethereum is already doing but is already using a proof-of-stake algorithm, a move Ethereum has been planning for a long time.

And supposedly Cardano’s smart contracts are more advanced than Ethereum’s and it performs a lot better too. (Devs will also be able to create dApps and tokenise assets on Cardano as well.)

Lastly, the reason why Cardano gets to make all these big claims is because of its ‘peer-review’ system in which new proposals to improve Cardano are scrutinised by experts to ensure quality.

Is Cardano A Bad Investment?

There are two big reasons why Cardano could be a bad investment - 1) it is the most staked crypto, and 2) there is always the risk that Cardano will fail to deliver its promises.

You might think that staking is a good thing, and in a way, it is because it shows that people see a future in the coin. However, in Cardano’s case, it has been suggested that staking might be creating a false perception of scarcity.

This is because when ADA is staked, it is locked up and cannot be used. This makes it harder to get hold of ADA tokens impacting supply and demand. And so, in reality, there is likely a lot less interest in Cardano than perceived.

And when it comes to Cardano’s smart contracts and other promised features - what if they are terrible? What if Cardano turns out to be all bark and no bite?

You have to remember that Cardano hasn’t delivered much, and it begs the dangerous question: is Cardano overvalued? Until we see functionalities, the answer could be a scary yes.

Should I Invest In Cardano?

Investing in Cardano could be a wise choice considering 2021 has been one of its best years and big updates are on the horizon.

Cardano Price Prediction 2021

Price Forecaster Lowest Price Highest Price
The Economy Forecast Agency $1.26 $5.02
WalletInvestor $1.982 $2.982
DigitalCoin $3.33 $4.18
Coin Price Forecast $1.38 $4.72

 

Some believe Cardano has a lot more to offer. Dare Shonubi, writing for CoinPedia believes that it could reach as high as $10 by the end of 2021, which if true would make it one of the best coins to invest by far.

Have you considered investing in Cardano in 2021?

2. Ripple (XRP) - Stretching for $2.29 per token in 2021?

When it comes to market capitalisation, Ripple comes in sixth place, closely following Tether and Binance Coin.

Is Ripple XRP A Good Investment?

The concept and goals of Ripple are a little different from the rest of the cryptocurrencies on this list, which makes it pretty special.

Ripple is a venture-backed start-up that offers financial settlement services to banks which allows them to make transactions directly and instantly across national borders.

Because of this, Ripple is oriented more towards large institutions, rather than individual users.

Over the years, it has partnered with large banks around the world, such as the Bank of America, and more financial institutions are looking to adopt the Ripple protocol to speed up their transactions.

The reason experts think Ripple might explode in 2021 and in the years to come is because of the legal situation with the SEC (US Securities and Exchange Commission) regulation, who believe Ripple should be classified as a security.

Prices dropped dramatically creating an amazing buying opportunity as many believe that Ripple will overcome this temporary crisis.

Shine Li writing for Blockchain.news says:

“Ripple still has a huge chance of beating the suit [...] For starters, Ripple has already been formally assessed by the Financial Crimes Enforcement Network (FinCEN) as a virtual currency”.

XRP will surely remain a powerhouse among the cryptocurrency community and indeed one of the best cryptocurrencies, it just needs a little time to get back on its feet.

Is Ripple XRP A Bad Investment?

Ripple is not out of its battle with the SEC just yet and no one really knows what might happen next. You have to remember that many government institutions are hostile to cryptos, and they might be more willing to bend the rules.

Before the SEC attacked Ripple, it was assumed by many that the two had a great relationship.

Another reason many investors would straight up reject XRP is that it is wholly centralised and owned by Ripple Labs. This is bad news because it means that they could have the power to manipulate the blockchain.

Should I Invest In Ripple XRP?

Investing in Ripple XRP could pay off massively as the price looks to be recovering and benefitting from the recent surge in the market. With many crypto traders beginning to feel more comfortable with Ripple, predictions have also recovered.

Ripple Price Prediction 2021

Price Forecaster Lowest Price Highest Price
The Economy Forecast Agency $0.70 $2.51
WalletInvestor $0.964 $1.978
DigitalCoin $1.64 $2.08
Coin Price Forecast $0.71 $2.36

 

Have you considered investing In Ripple in 2021?

3. Dogecoin (DOGE) - 100% increase to $1 by December 2021?

The meme-coin, Dogecoin, started as a pure joke and was never intended to ever be taken seriously.

Is Dogecoin A Good Investment?

Many of us thought it would be long gone by now, but alas it remains on the crypto scene.

Dogecoin’s primary use has become a way for people to tip each other when they find some useful information or something funny online.

But the real reason you should be watching Dogecoin is because of the huge support from Redditors who have been pumping up the price like crazy.

They did this because they believed, and rightly so, that several Wall Street hedge funds were planning on short-selling Dogecoin, and they wanted to prevent this from happening.

On top of that, Dogecoin has made a superfan out of Elon Musk who is now toying with the idea of accepting DOGE as payment at Tesla!

One of Elon Musk’s jokey tweets about Dogecoin: Source: twitter.com/elonmusk

And some people have made some serious money from all the hype about Dogecoin. Recently a senior manager at Goldman Sachs quit his job after making millions from Dogecoin.

But if all this isn’t crazy enough for you, SpaceX announced that they plan a moon mission funded by Dogecoin.

And more recently, SpaceX announced that they want to put billboards in space - and guess what you could use to pay for this? Dogecoin of course!

Is Dogecoin A Bad Investment?

The biggest concern about DOGE is if Redditors get bored of it. Much of its value depends on their dedication. After all, how loyal can people be to a coin based on the meme of a dog? (Perhaps a lot if it makes them money.)

And then there’s Dogecoin’s most well-known supporter, Elon Musk. Can traders truly trust him? His actions have influenced both the crypto and stock markets several times.

After Tesla dropped Bitcoin, could Musk do the same thing to Dogecoin? And even if Musk can be trusted to do the right thing, arguably one person should not have this much influence and it could be seen as a weak point.

And lastly, we need to be honest about Dogecoin’s inner workings. It’s not very advanced and will struggle against coins like Ethereum which have far superior functionalities.

Should I Invest In Dogecoin?

Dogecoin is one of the more volatile investments that could make you a very handsome profit if you learn to play the hype to your advantage.

Dogecoin Price Prediction 2021

Price Forecaster Lowest Price Highest Price
The Economy Forecast Agency $0.19 $0.50
WalletInvestor $0.279 $0.471
DigitalCoin $0.4305054280 $0.5360737762
Coin Price Forecast $0.25 $0.61

 

Have you considered investing in Dogecoin in 2021?

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4. Solana (SOL) - Blockchain trilemma solver to reach $195.0?

Solana claims to be able to solve the ‘blockchain trilemma’, meaning it is capable of supplying both decentralisation, security, and scalability, which many cryptos have struggled to do.

Is Solana A Good Investment?

Solana could be the top investment opportunity you haven’t heard of yet. It primarily aims to provide better dApps and DeFi services and is an up-and-coming competitor to Ethereum.

While there are already hundreds of cryptos that want to beat Ethereum at its own game, not many have attempted to create an entirely new consensus mechanism.

Which is exactly what Solana has done. Their proof-of-history consensus mechanism works alongside a proof-of-stake (PoH) consensus mechanism. PoH allows for greater scalability and improved usability. 

Supposedly, this also makes Solana faster than most cryptos and it also has a booming DeFi ecosystem with approximately 301 projects already built on top.

In fact, Solana’s ecosystem has become so huge that they even have their own section in CoinMarketCap.

Is Solana A Bad Investment?

Though work on Solana started in 2017, it wasn’t until 2020 when the coin was created, so it has barely been around for a year.

Not only do we not know how well it will perform as an asset, but again we see claims like “lightning-fast processing times” - things that we cannot really test yet, not until we get up to capacity.

Investors’ biggest concern about Solana is that it’s just more of the same. Another crypto that claims it can fix all of Bitcoin and Ethereum problems with a new wacky way of doing things.

Read more: Is It Worth Investing In Solana?

Should I Invest in Solana?

Solana has built a vibrant ecosystem that makes it definitely worth investing in in 2021.

Solana Price Prediction 2021

Price Forecaster Lowest Price Highest Price
The Economy Forecast Agency $32.4 $195.0
WalletInvestor $53.643 $88.149
DigitalCoin $94.57 $117.07
Coin Price Forecast $35.51 $136.38

 

Have you considered investing in Solana in 2021?

5. Ethereum (ETH) - Reaching out to $15,337 by the end of 2021?

You can’t go wrong with Ethereum. It dominates much of the crypto market, approximately 18.49% according to CoinMarketCap.

Is Ethereum A Good Investment?

Ethereum is one of the best cryptocurrencies to invest in and was the first major project to introduce smart contracts, allowing developers to launch desktop and mobile decentralised applications (dApps) on the back of blockchain technology.

Since then, Ethereum has remained one of the top ten cryptocurrencies up until 2021 and it will probably stay that way for decades to come.

Another reason to believe that Ethereum will remain a strong investment in the years to come is that it has a loyal team and community - one of the largest in the crypto market. 

Also, much more Ether (Ethereum tokens) can exist in comparison to Bitcoin, which means it is less likely to encounter issues with scaling and is less likely to become a ‘closed economy’ where only a few have access to tokens. 

The Ether token fuels the dApp ecosystem, meaning that millions of developers and companies will need it to support their smart contracts and launch applications

And that’s even before you consider all the other different tokens that Ethereum supports on its blockchain (several coins on this list started as ERC-20 tokens)!

Is Ethereum A Bad Investment?

Ethereum’s lengthy transition to proof-of-stake carries some risk if it fails to work as expected or if there are issues with moving.

And hopefully, the transition will not leave the door open to another split and another Ethereum Classic.

Another risk that has been emerging over the last few years is the rise of alternatives to Ethereum. The biggest threat comes from Cardano which should soon launch smart contracts.

But perhaps the biggest reason some crypto traders will never buy up Ethereum is that it has no max supply, therefore it lacks scarcity.

What this means is that there’s nothing to stop the market from being flooded with Ether and if that happens the price would plummet.

Should I Invest In Ethereum?

Ethereum - after Bitcoin - is perhaps the most explosive cryptocurrency on this list. If Ethereum explodes again in 2021, it will likely be a very big explosion.

Ethereum Price Prediction 2021

Price Forecaster Lowest Price Highest Price
The Economy Forecast Agency $2,447 $4,866
WalletInvestor $3,007.200 $4,309.810
DigitalCoin $4,268.59 $5,034.91
Coin Price Forecast $2,276 $5,328

 

Have you considered investing in Ethereum in 2021?

6. Uniswap (UNI) - 117% increase to $83.85 per coin?

Uniswap has been a headline stealer since it jumped on the crypto scene back in 2018. However, it wasn’t until September 2020 that the UNI token became tradeable.

Is Uniswap A Good Investment?

Operating on the Ethereum network, Uniswap is a decentralised exchange (or DEX) primarily for trading cryptocurrencies and other tokenised assets.

DEXs could completely change how trading works in the near future. Basically, they cut out the middleman, in this case, the broker, and facilitate the trade directly between the buyer and seller.

It should also be noted that Uniswap got a major investment from venture capital firm Andreessen Horowitz who has previously invested in Twitter, Coinbase, Ripple, Lyft, and Oculus VR.

Uniswap total locked value, August 2020 to August 2021. Source: defipulse.com

Is Uniswap A Bad Investment?

Despite all the good news, Uniswap is a very young crypto and makes it hard to know where it will be in the future. Sure, it could skyrocket, or it could utterly slump.

But aside from the youth of the coin, which is an issue for many cryptos, Uniswap could come under the scrutiny of many, many regulators.

Not because of its token, UNI, but because of the tokenisation service it provides.

They have already had to take down some tokenised stocks and derivatives because of regulatory pressure, reports Coindesk, which comes after regulators in the US announced their intention to clamp down on DeFi.

It may be possible that in the future there may be some laws Uniswap has to comply with for assets to be tokenised on its platform, and this could damage its appeal.

And Uniswap’s popularity as a DEX could also lead governments to form new regulations on how crypto is exchanged too.

Read Also: Pros and Cons of Investing in Uniswap

Should I Invest In Uniswap? 

Uniswap could be a very good investment because DEXs are an entirely new area of the crypto market that is growing rapidly and offers a desirable alternative to our current system.

Uniswap Price Prediction 2021

Price Forecaster Lowest Price Highest Price
The Economy Forecast Agency $20.53 $45.16
WalletInvestor $20.384 $53.208
DigitalCoin $37.54 $47.77
Coin Price Forecast $19.27 $28.18

 

Have you considered investing in Uniswap in 2021?

7. Aave (AAVE) - Will the Crypto-lending king reach $714.283?

Aave, like Uniswap, is another new wave DeFi project that operates in the emerging sector of crypto-lending, and it’s had an exceptionally good 2021.

Is Aave A Good Investment?

With crypto-lending services like Aave, traders and hodlers can essentially make passive income on their crypto by lending it to others. In short, their crypto is now working for them.

And as you would expect from a DeFi project, there is no middleman involved in providing this service. Borrowers and lenders are brought together directly, peer-to-peer.

It is a new demand that is expected to flourish and will not disappear anytime soon.

Aave stands out above most other crypto-lending platforms because of its wide range of different products. There are several different ways lenders and borrowers can use Aave depending on what they’re looking for.

Their flash loans have proven to be particularly popular.

Aave total locked value, August 2020 to August 2021. Source: defipulse.com

Is Aave A Bad Investment?

Like Uniswap, Aave is an emerging market force that we haven’t seen before. Of course, we know how lending platforms work, but how will a crypto-lending platform perform over the years?

And again, just like Uniswap, Aave could also succumb to regulator pressure because of the risks associated with money lending. They may need to put barriers in place to protect people financially.

Some might argue that’s already taking place as the platform introduces KYC permissioned services for institutions, as reported by Ledger Insights.

While this service is strictly for larger investors, there’s always the possibility of it being enforced to regular users too, and that will be a huge turnoff.

But a further risk is that Aave is not alone in the crypto-lending space. If any of its rivals start to offer a better service, such as Compound, it could spell the end for Aave.

Should I Invest In Aave?

If you want to get in early on something that might explode into stratospheric proportions (who wouldn’t?), and lead the way in a new market, investing in Aave is a fine idea.

Aave Price Prediction 2021

Price Forecaster Lowest Price Highest Price
The Economy Forecast Agency $300 $591
WalletInvestor $293.976 $714.283
DigitalCoin $550.01 $702.29
Coin Price Forecast $251 $435

 

Have you considered investing in AAVE in 2021?

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8. Binance Coin (BNB) - The bulls say we might hit $1,321 by the end of 2021!

Binance Coin is one of the best cryptocurrencies to buy in 2021 if you want to diversify your portfolio and already own major coins like BTC or ETH.

Is Binance Coin A Good Investment?

The company behind the coin, Binance, is huge and is involved in so many facets of the crypto market, from mining, crypto debit visa cards, staking, and DeFi services on top of being the biggest crypto exchange.

Binance Coin was originally created to be a ‘utility token’ for the exchange. Traders could get a discount on trading fees when they paid with the token.

Initially, the value of Binance Coin came from how useful it was on the Binance Exchange, but in 2020 they introduced the Binance Smart Chain (BSC), a separate chain for smart contracts and dApps.

It wasn’t an instant success, but it rose dramatically in February 2021 when Ethereum transaction fees soared. It led many DeFi projects to move over to the BSC where fees were more predictable and cheaper.

Today, the BSC is the second-largest DeFi platform with 37 DeFi projects, beating Bitcoin in third place with 26 projects but still far from Ethereum’s 222 projects, according to DeFiprime.

Is Binance Coin A Bad Investment?

There are several scary reasons why Binance Coin could be a bad investment, the most concerning is how centralised BNB is.

Though Binance Coin is designed to be decentralised, voting power is distributed according to token ownership, and with approximately 80% of tokens held by Binance, they control far too much power.

But the bigger and more immediate issue that Binance currently faces is that of regulation.

In the last few months, regulators around the world have been putting pressure on Binance for not complying with their laws. In most cases, they cite the fact that Binance is not legally authorised to operate there.

And in late June 2021, the UK became the first country to outright ban Binance, with the FCA forcing them to put up a notice that they were not allowed to provide services there. 

With regulators closing in on Binance, it could over time, drastically reduce its ability to operate which could have a big impact on BNB.

Should I Invest In Binance Coin?

With Binance involved in so many different areas of the crypto market, BNB could become inescapable, so investing now could really pay off later.

Binance Coin Price Prediction 2021

Price Forecaster Lowest Price Highest Price
The Economy Forecast Agency $317 $636
WalletInvestor $354.361 $590.234
DigitalCoin $585.84 $737.27
Coin Price Forecast $304 $612

 

Would you invest in Binance Coin in 2021?

9. Chainlink (LINK) - $91.39 by December 2021?

After a marvellous 2020, Chainlink has seen a significant rise upwards and is also the top DeFi coin as well (coming just after Uniswap).

Is Chainlink A Good Investment?

For those that don’t know, Chainlink uses ‘oracles’ to connect blockchains with the outside world.

An oracle is essentially a source of information and by enabling blockchains to use them, smart contracts can react to events happening outside the blockchain.

In the short time that it’s been around, Chainlink has forged some big partnerships, including with Everipedia and The Associated Press in October 2020. The purpose, as Ledger Insights explains

“to distribute U.S. election race calls onto a blockchain securely and transparently. And in turn, the blockchain can be used to verify the data is legitimate”.

A big achievement, it shows just how useful combining oracle and blockchain technology can be.

Is Chainlink A Bad Investment?

While Chainlink is a leader in providing oracle services to smart contracts, there’s not too much to stop other cryptos from doing the same thing or just creating their own oracles for their smart contracts.

That’s the thing with open-source tech - people can copy it and maybe even improve on it.

Another issue is that Chainlink is not very decentralized. According to IntoTheBlock, 78% of LINK is held by large holders (AKA, whales).

This is concerning because these whales could easily dump their LINK tokens when their investment goals are met, and it could devastate the price.

Plus, at the time of writing, IntoTheBlock also notes that $2.44 billion worth of transactions have occurred over the last seven days that are over $100.

While this may sound like positive news, it further suggests that Chainlink is dominated by huge whales.

Should I Invest In Chainlink?

Chainlink is highly depended on in the crypto market and its value will likely soar as crypto adoption rises and blockchains need to increase their access to real-world data - so in short, investing in Chainlink could pay off big time later.

Chainlink Price Prediction 2021

Price Forecaster Lowest Price 2021 Highest Price 2021
The Economy Forecast Agency $21.40 $43.48
WalletInvestor $23.552 $38.303
DigitalCoin $37.9 $46.97
Coin Price Forecast $19.49 $29.96

 

Have you considered buying LINK in 2021?

10. Bitcoin (BTC) - $100,000 by the end of 2021?

You can’t have a list of the top 10 cryptocurrencies to explode without giving a royal nod to Bitcoin. Bitcoin is the most used cryptocurrency to date, often referred to as “The King of Cryptocurrencies”.

Is Bitcoin A Good Investment?

The main goal of Bitcoin is to become global, peer-to-peer, digital cash, which is detached from any form of regulation and thus fully decentralised. An idea almost all other cryptocurrencies tried to replicate.

Bitcoin was also the first cryptocurrency and there are still many that believe it will be the last one standing in the end.

Other than that, the reason why you should keep Bitcoin on your investment radar is that it has the highest liquidity in the crypto space, which also makes it the best cryptocurrency to buy if you are a beginner.

Ultimately, you will have absolutely no trouble buying or selling Bitcoin. People are buying and selling Bitcoin non-stop.

There will always be someone on the other end ready to match your order. Not just that but Bitcoin - as surprising as it might sound - is also known to be one of the most stable cryptocurrencies, despite its volatility.

Bitcoin’s influence, demand and mass adoption are expected to go up in the years to come (perhaps more so than any of its rivals - if you could even call them that!).

As demand increases, Bitcoin’s price is expected to rise substantially as there will only ever be 21 million coins.

What made Bitcoin especially interesting in 2021 was when Tesla invested $1.5 billion in Bitcoin and planned to start accepting the cryptocurrency as payment in the future.

As the news broke, the price of Bitcoin instantly rose by around 14% to more than $44,000 per coin.

But it didn’t stop there! A buying frenzy emerged and before we knew it, BTC reached a new ATH of $64,863.10 on the 14th of April 2021, and its market cap passed $1 trillion.

Now, while Bitcoin later crashed down to slightly below $30k, recent market action could suggest that BTC might make a run to its ATH a second time before the year is done.

Is Bitcoin A Bad Investment?

Bitcoin is the most likely to be hit with regulatory issues out of the whole crypto market.

To many older people and less tech-savvy politicians, Bitcoin is still a menace that’s used on the dark web to commit crimes (though supposedly Litecoin and Monero are the real choices for criminals).

But more problematic than BTC’s image is that it’s not built to last. Many cryptos have come later and are more advanced. The most obvious to point out is that Bitcoin is proof-of-work.

And Bitcoin’s proof-of-work algorithm is known to be very energy-intensive, consuming as much power as Malaysia (at the time of writing), according to Digieconomist, which tracks Bitcoin’s damage to the environment. 

Tesla eventually came to the conclusion that accepting BTC would be bad for its image, and so they dropped it as a payment method and the price of BTC spiralled.

And so, with this in mind, it will be hard for other companies to justify using BTC, which puts a real stopper in adoption. And to make things worse, it’s highly unlikely that Bitcoin will ever solve its energy consumption problem.

Should I Invest In Bitcoin?

Many experts agree that Bitcoin’s price could cross $100,000 by the end of 2021, and going by recent trends, Bitcoin seems to be on track to meet or even surpass those expectations.

Bitcoin Price Prediction 2021

Bitcoin Price Forecaster Lowest Price 2021 Highest Price 2021
The Economy Forecast Agency $37,330 $64,288
WalletInvestor $41,345.70 $66,072.70
DigitalCoin $63,575.91 $80,589.53
Coin Price Forecast $35,056 $56,599

 

Have you considered buying Bitcoin in 2021?

Final Words On Cryptocurrency In 2021

We hope that by now you have a good idea of some of the top 10 cryptocurrencies that will explode in 2021 and might end up bringing you profit if you consider investing in them. 

Keep in mind that investing is always a risky process and it’s not something to be rushed. 

You should only make investment decisions after spending a significant amount of time researching the investment opportunity.

Ideally, you should know as much as possible about how your chosen crypto works, its chances of success and, perhaps most importantly, what affects its price.

Best-Performing Cryptocurrencies In 2021:

Symbol Crypto name ROI 
ADA Cardano ▴11676.29%
XRP Ripple XRP ▴21331.29%
DOGE Dogecoin ▴57774.84%
SOL Solana ▴33386.37%
ETH Ethereum ▴114874.32%
UNI Uniswap ▴234765.45%
AAVE Aave ▴80070.85%
BNB Binance coin ▴376998.08%
LINK Chainlink ▴17877.29%
BTC Bitcoin ▴34755.79%

 

Honourable Mentions: Cryptocurrencies To Watch For 2021

The cryptocurrency game changed dramatically in 2020 and several new coins have risen the ranks at the beginning of 2021. 

Now while we wouldn’t necessarily recommend these coins for 2021 as they are yet to prove themselves, you most definitely should be watching them too.

1. Shiba Inu (SHIB)

The ‘Dogecoin killer’ has got our attention, but what is really going on with this crypto? Can it be trusted?

Is Shiba Inu A Good Investment?

Shiba Inu could be a good short-term investment because of its similarities to Dogecoin if you are able to capture volatile waves upwards.

The team behind SHIB is planning to build off DOGE’s popularity and it really could work looking at the volatility it has experienced.

But there are differences with Dogecoin. The biggest is that Shiba Inu is building an ecosystem that uses three different tokens, with LEASH and BONE being the other two aside from SHIB.

However, what really makes Shiba Inu stand out from the crowd is its ShibaSwap - a DEX. So, in an unexpected way, Shiba Inu is like a combination of Dogecoin and Uniswap.

Is Shiba Inu A Bad Investment?

First and foremost, do we really need a hedge against Dogecoin? Many of us already can’t take DOGE seriously enough as it is.

And looking at Shiba Inu’s short price history it might be a little too unpredictable for investors to get involved with.

Part of this was down to the strange way the creators conduct themselves.

Shiba Inu’s mysterious founder, Ryoshi (please don’t be Elon Musk!), gave half of the supply to Vitalik Buterin. Buterin then donated the entire supply and Shiba Inu lost a ton of value.

In short, unpredictable behaviour leads to unpredictable prices.

Read more: Shiba Inu (SHIB) Price Prediction for 2025 and 2030

Should I Invest In Shiba Inu?

Shiba Inu remains one to watch until they sort themselves out, but if good news emerges, it could be a quality investment.

Shiba Price Prediction 2021

Price Forecaster Lowest Price Highest Price
The Economy Forecast Agency $0.00000611 $0.00001568
WalletInvestor $0.000004 $0.000017
DigitalCoin $0.0000110215 $0.0000142727
Coin Price Forecast $0.00000570 $0.00001909

 

Have you considered investing in Shiba Inu in 2021?

2. Terra (LUNA)

Could Terra’s stablecoin blockchain protocol become a rival to Ripple?

Is Terra A Good Investment?

While Terra is still relatively unknown, it is now starting to move into the limelight in a big way.

The first big thing that happened in 2021 was two of its other tokens, Wrapped Terra and TerraUSD got listed on Coinbase.

But there’s bigger news coming. Soon we should see their ‘Columbus-5’ upgrade which should simplify its tokenomics to provide a smoother service, as explained by Adam J. Cheshier on Medium.

Is Terra A Bad Investment?

Stablecoins can be a touchy topic for many in the crypto community because they do not fully remove themselves from the influence of central banks, which is what crypto is all about.

For example, the most well-known stablecoin, Tether, has a dodgy reputation as it is widely believed that each USDT is not backed by a real dollar, and it may have been used to manipulate the price of Bitcoin.

So, Terra might struggle in this regard in adoption.

And what could be more troubling is regulation. Many central banks will not like the idea of people essentially printing new digital versions of their currencies.

Should I Invest In Terra?

Despite what people might think about stable coins, Terra’s approach does feel like the logical next step before crypto adoption.

Terra Price Prediction 2021

Price Forecaster Lowest Price Highest Price
The Economy Forecast Agency $10.47 $97.87
WalletInvestor $17.161 $25.560
DigitalCoin $22.4 $28.08
Coin Price Forecast $6.56 $45.90

 

Should you invest in Terra in 2021?

3. Compound (COMP)

The best alternative for crypto-lending.

Is Compound A Good Investment?

Compound is a clever way to earn from the crypto you hold and can serve as a hedge against Aave.

Like Aave, Compound offers a platform for crypto-lending, cutting out the middleman between the borrower and the lender. Though the two differ in their inner workings and the products they offer.

With the DeFi lending market growing, we can expect more holders to invest in Compound.

While there are now several other crypto lending platforms, Compound has found a genius way to get ahead of the entire market with their Compound Chain.

Announced in December 2020, the Compound Chain aims to allow Compound to offer its services on other blockchains. This is a huge advantage as currently most lending platforms are based on Ethereum.

Is Compound A Bad Investment?

Compound could be seen as a bad investment because of its struggles with Aave, which is more popular, offers higher borrowing amounts and its more unique lending services.

Furthermore, like Aave, Compound could also face regulatory issues in the future due to it operating in the money lending market.

Should I Invest In Compound?

If the growth in the DeFi market has piqued your interest, Compound is one of the top choices for investors.

Compound Price Prediction 2021

Price Forecaster Lowest Price Highest Price
The Economy Forecast Agency $354 $579
WalletInvestor $348.163 $803.229
DigitalCoin $649.37 $796.17
Coin Price Forecast $338 $536

 

Would you invest in Compound in 2021?

buy compound

4. Basic Attention Token (BAT)

Helluva name, right? Basic Attention Token plans to decentralise how digital content is created and shared on the web by properly rewarding content creators.

Is Basic Attention Token A Good Investment?

Basic Attention Token explains how content creators are not properly rewarded for their work, users (the audience) receive nothing for viewing advertisements, and in the end, the advertisers keep everything.

As is explained on their website, with BAT users are rewarded for their attention with tokens, creators earn revenue for their work and advertisers get more insightful data on how effective their advertisements are.

BAT also has a focus on privacy, working with the Brave browser which is growing in popularity.

Is Basic Attention Token A Bad Investment?

Like most of the cryptos in this article, Basic Attention Token has rivals. Perhaps BAT’s biggest rival is TRON, which has a similar goal of decentralising the web.

But the bigger problem is do people care enough about where their content is coming from and if the creator was properly compensated for their work? 

And sure, adverts are annoying, but we perhaps are not at breaking point yet.

Most internet users are not very tech-savvy and care little about privacy. For them, a fast and reliable service comes first and browsers like Google Chrome and Safari already provide that.

Should I Invest In Basic Attention Token?

As people take their privacy more seriously, we could see further growth in the Brave browser and further adoption of BAT. If that happens, it could be an excellent investment.

BAT Price Prediction 2021

Price Forecaster Lowest Price Highest Price
WalletInvestor $0.559 $1.130
DigitalCoin $1.01 $1.31

 

Would you invest in Basic Attention Token in 2021?

Don’t judge cryptocurrencies only on market cap, coin price and volatility!

While everyone is throwing money at volatile high-risk cryptocurrencies and losing it all, you could be steadily making your fortune with something more stable. 

You’ll be the one laughing in the end (trading is really all about being consistent, not risking all).

Have a plan when you choose to invest and set yourself sensible goals that you know are achievable!

For example, it is well-known that getting into an altcoin at the very beginning can be very profitable.

Typically, they start with almost no value and once they start getting a little attention, they shoot up in value.

You can’t blame people for wanting to get involved with unknown altcoins knowing that’s a possibility.

But the thing is, it works both ways.

While there is a chance that new altcoins might rocket in value, there is also the possibility that they completely sink and never recover the value they gained, leaving you there with a coin that is completely useless and will likely never recover in value.

That’s why we at Trading Education suggest looking at more established coins.

A Quick Word On Altcoins: What Are Altcoins?

Altcoins are very simple to explain. They are any cryptocurrency that is not Bitcoin. So, basically, all cryptocurrencies, except Bitcoin are altcoins.

The word ‘altcoin’ was made by combining the words ‘alternative’ and ‘coin’.

Today, there are thousands upon thousands of altcoins. There are even altcoin traders who solely trade these coins.

Generally speaking, altcoins are seen as riskier than trading Bitcoin, but not all altcoins are the same. 

Relatively new altcoins represent a lot more risk than those that have started to establish themselves in the last 10 or so years.

That said, the altcoins that are worth trading are constantly changing. The cryptocurrency market never sits still.

Which Cryptocurrency To Invest In For 2021?

For 2021, crypto investors will likely have Bitcoin and Ethereum in their portfolios. Braver investors will likely be involved in emerging DeFi projects as well as Cardano and perhaps Binance Coin.

All the cryptocurrencies in our list are considered safe investments by many experts and investors for 2021 though they all come with varying degrees of risk.

They impress with solid teams behind them, strong communities, ambition, and proven history. Some of those listed are great for beginners as well. 

Whether you are just about to enter the world of cryptocurrencies or want to diversify your existing portfolio with some of the top cryptocurrencies in 2021, many cryptocurrency experts think that investing in any of these cryptocurrencies has the potential to turn into a great success story. 

When it comes to unknown cryptocurrencies, by which we mean cryptocurrencies that are very new and little is known about them, a high degree of caution should be exercised. 

This is especially the case for unknown cryptocurrencies that have shot up in value for no clearly identifiable reason, and even more so when people make explicit claims that there is a profit to be made. Shiba Inu is a great example of this. 

Ideally, you should look for cryptocurrencies that have an established track record and an emerging trend.

And that’s why it’s not too surprising that most of the cryptocurrencies, if not all, on this list for 2021 are well-known to you - their performance has given us trust.

That aside, here’s a good idea of what you should probably do depending on your cryptocurrency trading goals:

If you want to stick to solid cryptocurrencies that we know can perform well, it would be best to invest in Bitcoin, Ethereum, and Cardano.

But if you’re looking for something more adventurous you can look into Dogecoin, Solana, Aave, and Uniswap.

And traders who are keen on Binance undoubtedly should be looking to invest in Binance Coin.

Finally, for those who are really looking for an ‘underdog story’, Ripple is the crème de la crème, offering an amazing buying opportunity right now if it defeats the SEC and bounces back.

But one of the most important things to remember about investing in crypto in 2021 is not to ignore the speed at which the DeFi market has grown. If you want to get involved in that action, Aave and Uniswap are your best bets.

DeFi market cap, last 90 days. Source: coingecko.com

eToro – Buy Top Cryptocurrencies with No Commission

Now you know the top 10 best cryptocurrencies to explode in for 2021. If you’re feeling inspired enough to start trading crypto assets, or if this article has provided some extra insight to your existing trading knowledge, you may be pleased to know that eToro provides the ability to trade with crypto assets and CFDs on over 90 cryptocurrency pairs.

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eToro have proven themselves trustworthy within the industry over many years – we recommend you try them out.

FAQs

Still have questions on what cryptocurrencies will explode? Perhaps these frequently asked questions will help.

What Cryptocurrency Will Explode In 2022?

2022 will most likely be the year that Ethereum will explode like nothing we’ve seen before. By early 2022, Ethereum should be fully up and running on proof-of-stake.

Why Did Cryptocurrency Recently Explode?

In 2021, we witnessed two cryptocurrency explosions, both (as always) led by Bitcoin. The first started towards the end of 2020. Daniel Roberts of Yahoo Finance believes this run was the result of “Growing acceptance, both by consumer-facing companies and Wall Street institutions”.

And as Bitcoin surged upwards, Tesla announced that it had bought $1.5 billion BTC and would start accepting it as payment. It catapulted Bitcoin to even higher highs. (But as we’ve discussed in this article, Tesla later changed their mind, effectively ending the bull run.)

More recently, Bitcoin started to pick up the pace again when Amazon started advertising a job for ‘digital currency and blockchain product lead’, which led rumours to circulate that Amazon was gearing up to accepting crypto payments.

Fuelling the fire was China’s mining ban, which while on the surface looked like a bad thing.

The reality is that up to 46% of Bitcoin was mined in China (as of April 2021) and by removing these miners, it meant that less Bitcoin would be produced, theoretically increasing scarcity.

As Bitcoin’s market share is very large (it dominates 43.54% of the market), its price swings always have a big impact on the rest of the market.

Percentage of total crypto market cap. Source: coinmarketcap.com

What Is The Best Cryptocurrency To Buy 2021?

The best cryptocurrency to buy for 2021 by far is Bitcoin. In one year, it has gone from $9,916.49 to $64,863.10. It’s an astounding achievement.

Plus, despite its huge decline after reaching its all-time high, its lows of around $30k were still much higher than its previous all-time high of around $20k.

It proves that Bitcoin has the potential to grow more than any other crypto in the long term.

An extra benefit of trading Bitcoin is that it’s actually seen as less risky than most other cryptocurrencies.

According to Microaxis, which has assessed Bitcoin’s volatility, BTC’s chances of distress are ‘below average’ and its 90 days economic sensitivity ‘moves slightly opposite to the market’.

While this doesn’t sound majorly impressive, note that no other crypto has ever received such a generous assessment from Microaxis!

How Much Should I Invest In Cryptocurrency?

The amount you should invest in cryptocurrency depends on how much you have that you can afford to risk. Experts vary in how much they would allocate, ranging from 1-5% of their portfolio, according to Ryan Haar of NextAdvisor.

As an investor, it’s much wiser to diversify your portfolio and invest in different kinds of assets, such as stocks. This is because cryptocurrencies are still highly volatile, and you could risk losing everything.

But most importantly, you should not be investing money that you need to live. If you stress over the price of crypto and can’t stop watching every tick up or down, it’s a sign that you’ve invested too much.

Investing shouldn’t take up too much of your time or suck up the money you need for expenses.

Why Doesn’t Everyone Invest In Cryptocurrency?

Some of the biggest reasons not everyone invests in crypto are:

  • They don’t know enough about it, or it looks too complicated.
  • They don’t have the money to invest in crypto.
  • They don’t believe in crypto or are against the idea.
  • They’re scared of losing money.
  • They live in a country where trading/owning crypto is illegal.

Key points

If you remember anything from What Top 10 Cryptocurrencies Will Explode in 2021, make it these key points.

  • Never overlook security before investing in cryptocurrency. You’ve got to keep your investment safe! Hackers in 2021 are only going to get smarter.
  • Cardano, Ripple, Dogecoin, Solana, Ethereum, Uniswap, Aave, Binance Coin, Chainlink, and Bitcoin. These are our top 10 cryptocurrencies for 2021.
  • Stick to established cryptocurrencies when looking to invest. Steer clear from unknown cryptocurrencies, especially when they guarantee a profit.
  • eToro is currently the best broker to invest in cryptocurrencies right now. They have the best range of cryptocurrencies to trade with.

Further Reading:

Most Popular Cryptocurrencies In The USA

Best Altcoins to Trade in 2021

Cryptocurrency Day Trading

Popular Cryptocurrencies In The UK

Top Cryptocurrencies To Consider In Australia

A Beginner’s Guide To Stablecoins

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.

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