Cryptocurrencies have firmly established themselves as some of the most exciting assets to trade online. 2021 looks incredibly promising, so let’s take a look at which of those digital assets you should keep your eye on as a trader. Volatility looks to remain intense and trading opportunities plentiful – here is our pick cryptos to follow in 2021.
Bitcoin is now widely recognized as a major store of value and a mean to exchange it. More importantly it looks to remains such in 2021 after reaching an all-time high price of over $40,000. The world’s first and most popular cryptocurrency still entices users with its main features user autonomy, peer-to-peer focus and encrypted transactions, minimal banking and transfer fees. Stay tuned and follow how Bitcoin performs in 2021.
Litecoin is labelled as the Silver of cryptocurrencies, due to its inherent qualities being easily accessible, highly functional and mass adopted. Towards the end of 2020, LTC was one of the largest cryptocurrencies in terms market capitalization – a trend, which looks certain to continue in 2021. In November, it improved its position and becoming the eighth-largest crypto. An impressive result nonetheless for short time period, which looks like it will continue in 2021.
Ripple is another famous, cryptocurrency with its on native XRP token, which functions on their innovative digital payment platform, designed for substantial, cross-borders transactions. XPR’s main advantages lie in the incredibly low exchange rates and instant payment execution which eliminates central banks. At the same time the most efficient use of Ripple is intended exactly towards banking and financial institutions with its scalability and reliability. Any aspiring cryptocurrency trader and enthusiast should observe Ripple’s XRP coin in 2021.
Ethereum is the second most widely accepted cryptocurrency in big part to being the underlying technology behind over 500 other blockchain-based enterprizes. Ethereum network’s native ETH cryptocurrency has achieved a massive increase in value at the end of 2020 and looks really close to breaking its all time high of over $1,300 per unit somewhere in 2021. It is still one of the most liquid cryptocurrencies globally, supports smart contracts, and enables the creation of decentralized mobile applications, known as dApps – these are only a few of the reasons for our traders to stay focused on Ethereum.
This cryptocurrency is not as widely known as those previously listed in this article, but it looks like a promising digital asset to follow in 2021. BAT is deeply respected in a number of industries including Marketing and Information Technologies. After it reached a price peak in 2018, BAT looks set to gain further traction in 2021.