Cryptocurrencies That Will Explode in 2021 (Part 1)
6. Monero (XMR)
Monero is focusing on privacy and decentralization and an incredible cryptocurrency due to its security and fungibility. The most advantage of its blockchain is the fast transaction which can be done in just a couple of minutes, unlike Bitcoin that takes about 10-15 minutes).
The XMR performance in 2020 is quite impressive. Although the price sank to $34 but it has adjusted perfectly fast to $154. Monero is obviously profitable to invest in.
7. Chainlink (LINK)
Chainlink oracle is run on the Ethereum blockchain. It seeks to solve the issue of supplying information from the outside world to the blockchain and is firmly rooted as a leader in its sector.
At the beginning of the year 2020, the LINK price was only less than $2 but at the time of writing, it reached almost $13.
8. Ripple (XRP)
Ripple is obviously a good coin to invest in 2021. Given its performance, it is fast, economical, and reliable transactions. Its developers aimed at large financial corporations rather than ordinary users, therefore, acts as a bridge between traditional banking systems and digital payment technology.
In 2020, the coin showed stability. It did not suffer as much as other coins during the pandemic downtrend. XRP value depends on future partnerships and their success. The recent launched of Ripple's Line of Credit business lending program has become available to a limited number of customers.
9. Aave (AAVE)
Aave is the third-largest lending platform in Defi, which makes its native crypto more popular. LEND token has appreciated 1,200% on a year-to-date basis. The migration of the LEND token to the AAVE made it feasible to partake in the government of the protocol and perform staking. AAVE price began to rose so it's a good idea to take its project's advantage.
10. Basic Attention Token (BAT)
Basic Attention Token is a native cryptocurrency of the Brave browser and is used as a reward for viewing ads in the browser. This cryptocurrency became the talk of the town because of being the Brave's rewards. And for sure, this will grow more in the future with the strong support of its users.
How to Make a Profit on Cryptocurrencies?
Many newbies in the crypto space are having difficulties deciding what cryptocurrencies to invest in. Mostly are worried about market volatility and does not understand how crypto space work.
The most important piece of advice is to know how the market behaves and once you start your crypto journey, make sure to be prepared for significant losses.
The second piece of advice is to diversify your portfolio. Choose a more established and reliable cryptocurrency. You can also consider investing in small projects because sometimes when Bitcoin plunges, some altcoins rise in value.
The third important piece of advice is not to keep your money on an exchange. When it comes to money investing, always think about a safe place for your investments. It is better to keep your money in a cold storage wallet or other non-custodial wallets - safe and secure.
Once you infiltrate the crypto space, always remember the security and constant market analysis.
Source: https://changelly.com/blog/best-cryptocurrencies-to-invest-in-2021/
