Make no mistake about it reading and finding the next cryptocurrency to explode in 2021 is no easy feat. After all, there are now more than 10k digital currencies in existence – with this number appearing to grow with a big hype behind them that are poised to explode in the proceeding months and years
1. UNI: UniSwap
Many market commentators believe this could be the next cryptocurrency to explode in 2021. For those unaware, it is a decentralized finance platform that allows users to swap digital currencies without a centralized third party. Instead, all buy and sell orders are facilitated in an autonomous manner via smart contract technology. This project was formed in 2018 but its token wasn’t launched into the public exchange arena until late 2020. Back then, you would have paid less than $0.50 per token then in just a matter of months pricing levels flew to over $44.
2. YFI: Yearn.Finance
Unlike many other tokens in this industry, this has a very small circulating supply. In fact, this stands at just under 37,000 tokens. Its Samson like compared to other popular cryptocurrencies. A single token is trading at almost $40,000 as of mid-year in 2021. When it hit public exchanges in July 2020 it was trading at just over $1,000. Post mid-year the digital currency set a record price in just 8 months of $88,000. The good news is that you can invest from just $25 using a etoro.
3. BTC: Bitcoin
The market leader in this industry. Although the upside potential is going to be significantly lower in comparison to other digital currencies. There is only so much further that the coin can go. On the other hand, by adding Bitcoin to your cryptocurrency portfolio, you are likely investing in a digital asset that will stand the test of time. There will only ever be 21 million BTC coins in circulation so the digital currency is a finite asset and can only be a good thing for its long-term value.
4. MANA: Decentraland
Home to a virtual reality platform that allows you to interact with other users, play games, and buy digital items. The most notable part of the platform as we have seen is the virtual real estate purchases for thousands of dollars. Any items traded within the game are facilitated via the token MANA. As more and more people use the platform, this has the potential to drive the price predictions of the cryptocurrency higher. You would have paid just over $0.02 per token back then and the price currency remained stagnant for years. In fact in first quarter of this year, it reached a price of $1.50.
5. BNB: Binance Coin
This digital currency is now the largest in terms of trading volume with more than $1.5 trillion worth of orders going through first quarter of this year alone. This was originally created to provide discounted commissions to Binance traders but the digital currency has since been extended to facilitate a number of other use cases. All of the functions contribute to the long-term value and can be achieved irrespective of whether the wider cryptocurrency markets are bullish or bearish as it will continue to collect trading commissions either way. Launched in 2017 at around $0.15. Based on current prices of $358.
6. LINK: Chainlink
One of the best performing cryptocurrencies was launched in late 2017 at a price of $0.17 per token. At present, it hit an all-time highs of more than $52. Based on mid-year prices, it has since dropped to $23 per token, relatively small price. Still, the potential of this digital token is still huge. This is a decentralized network that specializes in oracle data and this means that it can attract data from the real-world and supply it to other blockchain protocols.
7. KSM: Kusama
Paving the way for blockchain innovation, this platform allows developers to create their own blockchain protocol that has the potential to scale to unprecedented levels. The token was launched in December 2019 trading at $1.74. In May of this year its $592. This means that a $2,000 investment less than two years ago would have been presently worth $660,000.
8. BTT: BitTorrent
Considering the BitTorrent token? Which has been operational since 2001. Purchased by one of the largest cryptocurrency projects in 2018. The BitTorrent token is used to fuel its peer-to-peer platform and now facilitates purchases of premium services – such as ad-free viewing and VPN connectivity. In terms of how the digital token has performed, it was just $0.0004 when it was launched in 2019. In April 2021, the token breached a price of $0.01. This amounts to huge gains of over 2,400%. However, at June 2021 prices of $0.003, this means that the token has a market capitalization of $2.4 billion. As such, there is still plenty of upside.
9. AAVE: Aave
An online platform that allows people to borrow funds directly from investors and done in a decentralized manner. This will then be used to finance loans from borrowers that use the Aave platform. In turn, the borrower will pay interest on the loan which is then passed onto the investor. The platform is backed by its own native cryptocurrency the Aave token. This was launched in late 2020 at around $54 per token. It has since hit $636.
10. DEFC: Defi Coin
This could also be the next cryptocurrency to explode in 2021. The project is home to an innovative policy that actively promotes long-term investing. Anyone that attempts to sell their holdings will encounter a tax rate of 10%. For example, if you try to sell 5,000 tokens, 500 of this figure will be taxed. 50% of the tax collected will be distributed to all current token holders. It operates like a dividend payment and t other 50% will be used for liquidity. Defi Coin is currently offering a pre-launch sale where you can purchase the token via the Binance Chain DEX.
