Top 20 Cryptocurrencies to Watch in 2021
Cryptocurrencies have come a long way since Bitcoin was introduced over a decade ago. Today, there are thousands of cryptocurrencies in the market, each with its unique features and potential for growth. With the increasing popularity of cryptocurrencies, it can be overwhelming to choose the best ones to invest in. In this article, we will discuss the top 20 cryptocurrencies to watch in 2021.
Bitcoin (BTC)
Bitcoin is the first and most popular cryptocurrency in the world with a market cap of $680 billion. Its price hit an all-time high of $64,000 in April 2021, and it is still expected to perform well in the future. Bitcoin is widely accepted as a payment method, and its blockchain technology is used by other cryptocurrencies.
Ethereum (ETH)
Ethereum is the second-largest cryptocurrency, with a market cap of $242 billion. Its technology offers more functionality than Bitcoin, enabling developers to build decentralized applications (dApps) on its blockchain. Ethereum’s price has risen significantly in 2021, reaching an all-time high of $4,300 in May.
Binance Coin (BNB)
Binance Coin is the native cryptocurrency of the Binance exchange, one of the largest cryptocurrency exchanges globally. With a market cap of $65 billion, BNB has risen to become the third-largest cryptocurrency. The coin can be used to pay for transaction fees on the Binance exchange, making it more accessible for traders.
Cardano (ADA)
Cardano is a third-generation blockchain that aims to solve the issues faced by previous blockchains, such as scalability and security. This cryptocurrency has a market cap of $62 billion and is expected to have significant growth potential in the future with the launch of smart contracts, which will allow developers to build dApps on its blockchain.
Dogecoin (DOGE)
Dogecoin was created as a joke but has become a viral sensation, gaining the attention of high-profile celebrities such as Elon Musk. This cryptocurrency has a market cap of $37 billion and has seen significant price increases due to social media buzz. However, it is important to note that Dogecoin is not a long-term investment option.
Polkadot (DOT)
Polkadot is a blockchain network that connects different blockchains, enabling them to communicate with one another. This cryptocurrency has a market cap of $35 billion and has shown significant growth potential in 2021 due to its unique technology.
XRP (XRP)
XRP is the native cryptocurrency of the Ripple payment protocol, which aims to facilitate cross-border payments efficiently. With a market cap of $29 billion, XRP has faced regulatory challenges due to its association with Ripple Labs. However, it remains a popular cryptocurrency with the potential to perform well in the future.
Chainlink (LINK)
Chainlink is a decentralized oracle network that connects smart contracts to external data sources. This cryptocurrency has a market cap of $14 billion and has shown significant growth potential due to the increasing demand for smart contract solutions.
Stellar (XLM)
Stellar is a blockchain network that aims to facilitate fast and affordable cross-border transactions. With a market cap of $8 billion, Stellar has shown significant growth potential due to its partnerships with various financial institutions.
Polygon (MATIC)
Polygon, formerly known as Matic, is a layer-two scaling solution for Ethereum, aimed at increasing its speed and efficiency. This cryptocurrency has a market cap of $7 billion and has shown significant growth potential in 2021 due to the increasing demand for faster and cheaper Ethereum transactions.
Vechain (VET)
Vechain is a blockchain platform that aims to improve supply chain management by using blockchain technology to track and verify products’ authenticity. With a market cap of $5 billion, Vechain has shown significant growth potential due to its partnerships with various companies in the supply chain industry.
The Graph (GRT)
The Graph is a decentralized indexing and querying protocol for blockchain networks, enabling developers to build decentralized applications. With a market cap of $3 billion, The Graph has shown significant growth potential due to the increasing demand for dApps built on blockchain networks.
Solana (SOL)
Solana is a high-speed blockchain network that aims to increase transaction speeds while reducing costs. With a market cap of $2.5 billion, Solana has shown significant growth potential in 2021 due to its unique technology and increasing demand for faster and cheaper blockchain solutions.
Theta (THETA)
Theta is a decentralized video delivery protocol that uses blockchain technology to incentivize users to share network resources. With a market cap of $2.5 billion, Theta has shown significant growth potential due to the increasing demand for video content globally.
Filecoin (FIL)
Filecoin is a decentralized file storage network aimed at providing secure and distributed file storage. With a market cap of $2 billion, Filecoin has shown significant growth potential due to the increasing demand for decentralized storage solutions.
Tron (TRX)
Tron is a blockchain network aimed at providing content creators with a more efficient way to share content. With a market cap of $1.5 billion, Tron has shown significant growth potential due to its partnerships with various content creation platforms.
Hedera Hashgraph (HBAR)
Hedera Hashgraph is a decentralized public network aimed at providing a more efficient and secure way of exchanging digital assets. With a market cap of $1 billion, Hedera Hashgraph has shown significant growth potential due to its partnerships with various financial institutions and enterprises.
Basic Attention Token (BAT)
Basic Attention Token is a cryptocurrency that enables users to earn rewards for viewing advertisements. With a market cap of $1 billion, Basic Attention Token has shown significant growth potential due to its unique approach to online advertising.
Kusama (KSM)
Kusama is a blockchain network that enables developers to build and experiment with new blockchain applications. With a market cap of $1 billion, Kusama has shown significant growth potential due to its partnerships with various blockchain-based companies.
Zilliqa (ZIL)
Zilliqa is a high-speed blockchain network that aims to increase transaction speeds while reducing costs. With a market cap of $900 million, Zilliqa has shown significant growth potential due to its unique approach to scalable blockchain solutions.
In conclusion, the cryptocurrency market offers numerous investment opportunities. However, it is essential to conduct thorough research and understand the potential risks and benefits of investing in cryptocurrencies. The top 20 cryptocurrencies mentioned in this article have shown significant growth potential in 2021 and are worth considering when making investment decisions.
