2020 is about to end. Considering the recap of 2020, the year was pretty good for the crypto space. Much positive news in the market with great levels of adoption during the pandemic period.
On the contrary, crypto space also witnessed a steep decline in price, market capitalization, etc. This, however, did not affect the investors much. As the new year is approaching very fast, let us look forward to the promising cryptos in the coming year.
If you are new to the crypto space and wondering, ‘Which cryptocurrencies are best to invest’ then, you have landed in the right place. Get to know the cryptocurrencies which can give you good returns in 2021.
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In layman’s terms, whenever cryptos are called out, Bitcoin is the first and foremost asset to be considered. As it is the primitive crypto and the user base is expanding every single day.
It has proved that it is resistant to any crash. It hardly took 6 months to recover each time it crashed below the records. Most recently, it dipped below $4000 in March 2020 and within 6 months, it touched $12000 in September 2020.
Currently, bitcoin is priced at $10,607 at press time. This year due to the Altcoin season and DeFi Hype, Bitcoin remained in a very narrow trend. However, bitcoin bulls and proponents have predicted a major breakout for the digital asset in 2021. Many of them have said Bitcoin might shoot up to $100K also.
The second most popular cryptocurrency after Bitcoin is Ethereum. The Ethereum blockchain became the spotlight during the DeFi boom which pushed ETH price to $470. However, the high gas fees of Ethereum had always been the crux of the matter.
The ETH ecosystem is soon rolling out Ethereum 2.0 which intends to resolve the high gas fees issue. Recently, a dress rehearsal of Ethereum 2.0 was held and the second phase of the rehearsal will be held in the mid of October 2020.
Therefore with the launch of Ethereum 2.0, the analyst predicts a bull run for the digital asset which might take the price near to its all-time high.
Also Read : Will Ethereum Overcome the Recession in 2020?
Moving onto the next altcoin. Ripple (XRP) is also among the top 5 cryptocurrencies. The current XRP price is $0.544. However, Ripple has the potential to hit $1.0 by 2021 and increase towards its all-time high very soon.
Tremendous growth is expected in 2020. According to another analyst WalletInvestor, XRP price may rise by 380 percent and reach $0.6-0.7 in a couple of years.
2020 was a pretty good start for Litecoin as it touched around $80 by February 2020. One of the reasons you could consider investing in Litecoin is its high liquidity with a large market cap.
Litecoin Price may explode in 2021 as the miners get a huge block reward of 25 LTC compared to 6.25 BTC. And also, the average time is around 2minutes which is less compared to the other cryptos.
Stellar is a decentralized, open-source protocol. It aims at fast cross-border transactions between any currency pairs. Stellar blockchain enables the development of decentralized applications to create new projects based on Stellar.
Currently, XLM is priced at $0.163384 and is expected to reach $0.5 in the next coming years. According to some predictions, XLM Price can rise to $1 by 2023.
Binance Coin is considered as one of the best cryptocurrencies to hold if your portfolio already has major cryptos like BTC, ETH, etc. World’s top exchange, Binance is the creator of BNB with an experienced team behind it.
Despite huge market volatility, BNB coin price has distanced itself from a huge jump and steep dump. Currently, BNB priced at $26.99 after touching above $30 recently. The analyst has predicted a good growth for the coin and also it might provide good returns in the coming days.
Launched recently in 2017, Cardano was successful in securing its place in the top 10 cryptocurrency ranking but unfortunately slipped down to 12th position. However, the project is still growing strong and very initial phase.
Currently, ADA is priced at $0.156651, as per some reports, Cardano price is expected to touch $0.2 by the start of 2021 and trend around $0.2 till the end of 2021.
VeChain is a blockchain project found in 2015 which was rebranded and relaunched as blockchain for decentralized applications in 2017. Vechain has partnered with an impressive list of companies like PwC, BitOcean, BMW Group, China National Partnership and many more.
VeChain is priced at $0.156652 with a market cap of more than $600 million. VET price is expected to grow to $0.02 by next year and could reach up to $0.07 in the next 2-3 years.
Chainlink is one such project that came into the spotlight within no time. It runs on Ethereum blockchain and is considered as one of the best DeFi token having the major dominance in the DeFi space.
Chainlink Price which is currently at $8.77 is expected to touch $10 or above by December 2020. It is expected to grow gradually and attain $20 by the end of 2021, in December
Aave is a peer-to-peer lending platform on the Ethereum blockchain. Currently, AAVE priced at $80.21 is expected to touch $0.7 by January 2021. Moreover, the AAVE price may touch and surpass $1 by the end of 2021.
By now, you might have got a rough idea of the cryptocurrencies to invest in 2021. However, there are numerous projects in the crypto space which might give you huge returns. Above any predictions or analysis, doing your own research is always fruitful in many situations.