A lot of people either made or lost millions in 2021, due to great investments or poor decisions. One thing i have discovered over the year is that you can loose millions when u sell a good coin or hold a bad coin during dip periods. Here are 5 coins that are sure to bring you profit, if you can resist the urge to sell during dip. From the market flunctuations this year, it is safe to say, dip will always happen and some coins never rise from it, the coins listed below are coins that have survived every dip, and most times break new high on return.
Although there are hundreds of cryptocurrencies in active use today, Bitcoin is by far the most popular and widely used with a market cap of 1,058,649,760,572 ($) with a price of $56,321.91 as of the 13th of October, 2021. It was founded by Satoshi Nakamoto and it is the original cryptocurrency. I personally love bitcoin because no matter how low it falls, it is absolutely certain it will rise back. Bitcoin's price was just under $24,000 in December 2020, making an increase of 224% from the start of that year. It took less than a month for Bitcoin to smash its previous price record and surpass $40,000 in January 2021. Bitcoin eventually reached a peak of more than $64,000 on April 14, 2021. The summer, however, saw prices fall by 50%, hitting $32,000, and as of today, it is on its way back to 64,000. The beauty about bitcoin is that it is a very good investment because no matter how low it falls, it will rise back. As always in cryptocurrency, perseverance is key.
ETH was launched in 2015 and it is the 1st crypto with a programmable blockchain. It is the second-largest cryptocurrency with a market cap of over 353 million dollars. Through Ethereum, developers could make decentralized apps (dApps) which are used for Decentralized Finance(DeFi) which are platforms that provide financial services without a middleman, such as a bank. They're also used with Non Fungible Tokens(NFT) which are digital assets that people buy and sell as collectibles. The price growth came from technological developments that caused much excitement among traders. ETH has grown from 0$ in 2015 to 3504$ as of today.
Binance Coin (BNB):
BNB is a cryptocurrency that can be used to pay and trade fees on Binance which is one of the largest crypto exchange platforms in the world. Binance Coin currently has a market cap of 64 billion dollars. BNB has moved from beed used just for trades on Binance, as of today it can be used for trading, payment processing or even booking travel arrangements. Its price in 2017 was just $0.10; by Sept. 30 2021, it had risen to over $382, a gain of more than 382,000%.
The Solana (SOL) platform was founded back in 2017 by Anatoly Yakovenko. The SOL token is the native currency in Solana’s ecosystem. Solana solves the many traditional issues that earlier blockchain technology experiences. Solana displays a new structure for verifying transactions and a more efficient consensus algorithm. The platform will definitely be a strong competitor with Bitcoin and Ethereum with a rising market cap of over 41 billion dollars. Developed to help power decentralized finance (DeFi) uses, decentralized apps (DApps) and smart contracts, Solana runs on a unique hybrid proof-of-stake and proof-of-history mechanisms that help it process transactions quickly and securely. Launched in 2020, SOL’s price started at $0.77. By August 2021, its price was almost $140, a gain of about 18,000%.
FTM is the first Directed Acyclic Graph (DAG) based smart contract platform in the world. This fourth-generation blockchain provides developers and users with some significant upgrades in terms of functionality and usability. It's developers keenly focused on creating a reliable, secure, and fast network for transactions. The final goal of the project is to one day become the “nervous system for smart cities.” The developers envision a day where these living metropolises leverage Fantom’s core protocols to remain connected and conduct daily business. In addition to its infrastructure goals, Fantom seeks to become a top-performing decentralized finance platform in the market.
With 80% of the FTM tokens already in circulation, the Fantom blockchain currently boasts $4.5 billion in market valuation. However, the decentralised applications (dApps) facilitator is considered an alternative currency (altcoin for short). However, FTM has surged significantly for the most part of this year. Coming in at $0.01723 on January 1, FTM has surged more than 8,500% this year.