The last quarter of 2020 just began. 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.
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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.
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.
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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.
Moving onto the next altcoin. Ripple (XRP) is also among the top 5 cryptocurrencies. The current XRP price is $0.244. 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, ETH 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 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…