Which Cryptocurrency Will Explode In 2021?
Altcoins are cryptocurrencies launched after the success of Bitcoin, which point to function as recovered alternatives. The more numerous people throughout the world will use these coins, the higher their value will be, which means it is better to buy them as soon as possible. Consider the seven altcoins with the greatest potential for 2021. So what is the fastest growing cryptocurrency?
It is a decentralized protocol that seeks to make up for the shortcomings of Ethereum. Cardano uses PoS (Proof-of-Stake) instead of Proof-of-Work (Proof-of-Work). This means that the currency does not consume as much energy as Bitcoin and Ethereum. You can also earn rewards for staking Cardano, usually around 5%.
The currency is often underestimated as it does not yet support smart contracts and embedded tokens. However, these features should be available soon, making Cardano a serious threat to Ethereum.
Other interesting features are presented below:
- Over 50% of Cardano wallets are staked.
- This currency is much more decentralized than Ethereum.
- In most cases, Cardano’s cash flow is higher than that of Ethereum.
- Several facts indicate that Elon Musk is associated with Cardano.
It is a decentralized exchange for trading almost any ERC-20 token. However, due to the high prices for Ethereum gas, transferring Uniswap tokens is quite expensive. Gas is the unit of payment for transactions on the Ethereum blockchain.
This should change in the near future: Ethereum 2.0 will work on the Proof-of-Validation system, which will reduce the cost of gas. Also, according to rumors, Ethereum mining requirements will be changed, allowing people to use Uniswap again. Taking these factors into account, the UNI token will continue to grow.
This is one of the most unique crypto projects: it allows users to store files across the blockchain. Potentially, this technology can be used in many directions – from decentralized cloud storage to CDN networks.
In addition, Filecoin is showing relative stability compared to other cryptocurrencies, making it an excellent source of constant profit in the future.
Recommended exchanges: Gemini and Crypto.com.
Enjin allows you to embed NFT tokens and cryptocurrencies into any video game, including Minecraft.
Minecraft has been incredibly popular in the past and is still on the wave of success, constantly trending Twitter and amassing hundreds of thousands of viewers on Twitch streams. The integration of NFT tokens into Minecraft servers will bring great benefits and user flow for Enjin.
Recommended exchanges: Binance and Crypto.com.
Holders of the CRO token from the Crypto.com startup can apply for a payment card that allows them to receive higher rewards and other benefits.
Crypto.com was launched back in 2016 and has seen significant growth over the past two years. At the current pace, the platform can easily overtake Binance and Coinbase. The increase in the number of users of the currency will ultimately lead to an increase in its value and demand.
In addition, when receiving a card, users must put CRO tokens for a certain period of time, thereby removing them from circulation. To cut the supply even further, Crypto.com also burned the largest number of tokens in cryptocurrency history in February, namely CRO 70 billion. Such actions will undoubtedly help to raise their price.
Recommended exchanges: Crypto.com.