Crypto investors have been enjoying the best year in crypto history, with many coins doubling or tripling their value. The past 12 months were especially good for Bitcoin which hit 61k per coin – that’s over 2 times its worth from this time last year! With all of the news, project developments and upcoming events in mind it can be hard to keep up with what’s happening within this ever-changing industry. To make your investment decisions easier for you moving forward we’ve compiled a list of some great altcoins that will be worth investing in during 2021!
Ethereum (ETH)
Ethereum was one of the best-performing assets in 2020, and it looks set to continue this trend in 2021. The main difference between Ethereum and Bitcoin is that Ethereum is more than just a digital currency. It’s also a decentralized platform that runs smart contracts, which are applications that run exactly as programmed without any possibility of fraud or third-party interference.
Not only is Ethereum’s native token, Ether (ETH), worth investing in 2021, but the Ethereum network itself provides huge potential for growth. This is because an increasing number of projects are being built on Ethereum, and as demand for these applications grows, so too will the demand.
Cardano (ADA)
Cardano is a decentralized public blockchain and cryptocurrency project that is fully open source. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first-driven approach. The development team consists of a global collective of expert engineers and researchers.
Cardano’s native token, ADA, is used to pay for transactions on the network. ADA also gives holders a right to vote on any changes to the protocol.
Cardano’s major selling point is that it is backed by a large and experienced team of scientists and engineers.
Binance Coin (BNB)
Binance Coin is the native token of the Binance cryptocurrency exchange. The Binance exchange is a digital asset exchange with one of the largest trading volumes in the world.
Binance Coin can be used to pay fees on the Binance exchange, and it also provides holders with a discount on these fees. In addition, Binance has plans to use BNB to fuel its ecosystem of products and services, which includes a decentralized exchange, a lending platform, and a mobile wallet.
Uniswap (UNI)
Uniswap is a decentralized cryptocurrency exchange built on the Ethereum blockchain. It allows users to trade ETH and ERC20 tokens without the need for a central exchange.
Uniswap’s native token, UNI, was launched in September 2020 and has since surged in value. UNI gives holders a right to vote on governance decisions and also entitles them to a portion of the fees generated by the exchange.
UNI is an excellent choice for investors who want to be involved in the governance of a decentralized exchange and who also want to benefit from the growth of the platform.
Bitcoin Cash (BCH)
Bitcoin Cash is a fork of the Bitcoin blockchain that was created in August 2017. The main difference between Bitcoin and Bitcoin Cash is the block size limit. Bitcoin Cash has a larger block size limit, which allows it to process more transactions per second than Bitcoin.
Bitcoin Cash is a good choice for investors who want to invest in a cryptocurrency with faster transaction times and lower fees.
Conclusion
These are just a few of the many great altcoins that are worth investing in during 2021. With so much potential for growth, it’s a good idea to keep an eye on these assets and consider adding them to your portfolio.
Happy investing!