Last year, many experts suggested that 2021 will definitely be the season of altcoins. And, believe it or not, the cryptocurrency market really confirms this theory. While BTC breaks all records and according to the most modest forecasts will reach $100,000, institutional and retail investors are increasingly turning to altcoins, which brought more profits than the oldest cryptocurrency during the crisis.
So, one of the most popular crypto traders, Capo, predicts Bitcoin’s throwback in the coming month, which will lead to a surge in altcoins. Meanwhile, digital assets analyst Secrets is sure that 2021 is the time when investors will become “altcoinaires”.
Let’s make a profitable portfolio
Since Bitcoin is currently in a bullish trend, it’s still preferable to allocate 30% of the investment portfolio in BTC. No matter what they say about the coin, the king of the market always occupies first place in the list of desirable cryptocurrencies.
Provide another 15% for Ethereum. The transition to the ETH 2.0 and the Proof-of-Stake protocol, which will introduce a staking function, will trigger the rise in the Ethereum rate.
Devote the next 15% to DeFi tokens and coins: they are now one of the riskiest but promising tools in terms of growth. Chainlink (Link), Compound (COMP), Uniswap (UNI) and Aave (AAVE) are now the best options.
Invest another 15% in stablecoins. No one wants to experience great losses due to a sharp market correction. Stablecoins will reduce risks and quickly restore the balance in the portfolio if it has suffered due to volatility.
And, of course, 25% should be invested in altcoins. We are talking about assets that have been slowly moving upward since the beginning of the year. What tickers fall into this category, read below.
Best promising altcoins in 2021
Cardano (ADA)
Undoubtedly, the top cryptocurrencies cannot go without Cardano project coin – a decentralized blockchain platform based on the open source smart contracts that seeks to provide users with more advanced functionality compared to existing protocols.
Since the beginning of February, ADA coin has gained 273.5%. Altcoin's growth began with news about the project update and the launch of the Cardano Mainnet, which allowed enthusiasts to create their own tokens. Prior to this event, the Dubai-based company FD7 Ventures announced the launch of a new $250 million fund to support the developers of the Cardano and Polkadot projects from India.
The last price hike happened on March 17 due to the ADA listing on the famous crypto exchange Coinbase PRO after which the asset increased by 20%.
Terra (LUNA)
A relatively new player in the top investment ratings. For example, renowned crypto trader Ben Armstrong is confident that “this coin needs to be monitored not only today or this month, but also in the long term. If the project achieves all set goals, LUNA will become the currency of the Internet.”
Terra is a blockchain protocol created to support e-commerce. The ecosystem is formed by financial infrastructure for payment services and credit card networks, offering effective solutions for both merchants and buyers.
LUNA token is its main tool that helps Terra protocol to operate. Since February 2021, the price of the cryptocurrency has grown by 1122%, and the coin’s rate is increasing by 2-3% every day. It's definitely worth adding to your portfolio or at least to the watchlist.
THETA (THETA)
THETA, the video streaming project coin, is in a strong uptrend throughout March. At the beginning of the month, the coin cost $3.15, but now the asset is trading in the $9.96 zone!
Theta is a global video content delivery network where viewers are rewarded with assets. In addition, network members who update their PC into one of the network nodes for video transmission also receive THETA payouts.
IQeon (IQN)
IQN digital asset, which helps players to get cryptocurrency for their gaming skills or successfully completed PVP matches, is one of the steadily growing altcoins of this year.
So far, the token is available on IQeon.com gaming platform, where gamers can monetize their winnings in games without intermediaries, as well as receive IQN for participating in contests and interactive activities held by IQeon team.
The token is actively added to the listings of large crypto exchanges: BitForex, HitBTC, Exrates, EXMO. Moreover, a sharp rise in the asset’s price began after IQN listing on the highly liquid HitBTC platform. Since then, it has been steadily increasing in value and is not going to approach the retracement zone. In the last year alone, IQN has grown by 90%.
Сelo (CELO)
CELO is a promising currency that accumulates position in order to go up in price. Celo's open platform offers financial tools for anyone who has a smartphone. It supports many dApps, smart contract development, and payments using email addresses and phone numbers as public keys.
Since the beginning of 2021, the coin has grown by 174.3%, which shows the interest of investors. It is also promising how the asset correlates with changes in BTC value.
The ratio of monthly, two-week and 7-day growth shows a positive pattern: +12%, + 6%, +10%, respectively. This is a clear sign that the coin deserves to be in your portfolio.
Summary
In general, the cryptocurrency market, and especially altcoins, is currently in good dynamics. Our advice is to take a look at the undervalued assets that will help to gain your profits, and pay attention to new market players – maybe some of them will become the new Bitcoin?