Back at the beginning of 2018, Bitcoin and other cryptocurrencies saw a massive positive search. From just $3000, Bitcoin jumped up to $20,000 in a very short amount of time. But, since it rose to a huge price in such a short period, it quickly crashed back to $3000. This shows just how volatile the crypto market is. However, today, Bitcoin is making a comeback because it is up to $16,000. If you want to make some serious cash, you will need to invest in some alternatives that will get attention in 2021.
Figuring out exactly which bitcoin alternatives will become popular in 2021 is a difficult task. Predicting the future is impossible, but there are some things that we can look out for which tell us what could happen. There are some currencies that seem very promising which could make you a lot of money. To help you with that, I decided to write this article and share about the future of certain cryptocurrencies is that that are showing great promise. Keep in mind, this is all just speculation and things could end up going down a completely different path.
Whenever I talk about the subject, it seems like I cannot avoid mentioning Ethereum because it simply is one of the coins with the biggest potential of becoming as big as bitcoin. Of course, right now, it is not as Millie on that level, but who knows what might happen in 2021 or later? Right now, the price of Ethereum is around $450 which is the highest it has been since 2018.
In 2018, Ethereum saw a spike of $1400 which is huge. I believe that this surge shows us exactly how much potential there is in this coin. Either way, even if it does not manage to grow to those levels, I think it is a reliable place to put your money in. It is consistent and it is not as volatile as some other alternatives.
Right now, Ethereum is seeing consistent and constant growth. If you invest in Ethereum, I do not think that you will be disappointed.
At first glance, you may not be impressed with what Tron has to offer because right now, one point is valued at 0.025 USD which is not a lot. You would need to buy 10,000 of them if you want to seriously trade with it. But, the current price of one point does not exactly portray the future of a cryptocurrency. There is a lot more to it.
For example, one of the more important things you will have to consider is the market. Right now, Tron’s market is around US$1.8 billion. That is a huge number that is easily comparable to great alternatives on the market such as Ethereum, Chainlink, and others.
It being 0.025 USD makes it a very potential coin to invest them. You could easily buy tens of thousands of them. If there is a sudden jump in price for one Tron, you could make some serious money with. I think this is one of the main reasons why so many people are making an investment in TRX. I suggest that you follow the same path and you might see a very profitable and a happy outcome.
If you have trouble tracking, buying, or selling Tron, you can try one of the many cryptocurrency trading websites such as Coinbase. However, if you want to find out whether Coinbase or any other similar website is reliable and trustworthy.
You could learn more at https://bitcompare.net/.
Whenever you want to put your money online somewhere, I think it is very smart that you first do some research to find out just exactly how much you can trust a certain website.
Litecoin has had quite a volatile history and has had a few ups and downs, but it is one of the oldest coins on the market. It has been around before 2014. Right now, the price of Litecoin is somewhere around $70. On good days is over $75 and bad days it is under $65.
I wanted to put LTC on this list because I believe that it has a promising future and so do many experts on the subject. The most interesting part about LTC is the fact that it has quite a low supply when compared to others. Right now, the circulating supply is around 66 million LTC while its max supply is 84 million. It is not a small amount, but it is when you compared to TRX or others which have a circulating supply of over 100 million or 1 billion.
Another essential fact about Litecoin is that it also has a market cap of $4.5 billion which is quite impressive. It is nowhere near the 300 billion market cap of Bitcoin, but it is still up there. Right now, it probably is in the top 10 currencies in the world.
Investing in LTC is definitely a good idea which could bring you quite a big profit. We shall see what exactly happens in 2021.
Right now, Monero is considered to be in the top 20 cryptocurrencies in the world, and for a good reason. It is considered to be such a good currency mostly because it has been very stable in these past two years. In this past year, in 2020, it has value is slowly starting to rise. With a circulating supply of 17.7 million XMR and a market cap of $2 billion, we expect to see a lot from Monero.
Right now, it is $120 per XMR, but it might easily rise up to $200 or even more in 2021.
One thing that makes Monero very unique is the fact that it aims to achieve the highest level of decentralization possible. Making every transaction with XMR completely anonymous and safe.
There are probably hundreds of other cryptocurrencies that could become very relevant in 2021, but I believe that these four I mentioned have the biggest potential.