Top 5 Altcoins That Will Bring the Most Profits in 2021
Altcoins are cryptocurrencies launched after the success of Bitcoin, which tend to act as improved alternatives. The more people around the world will use these currencies, the higher their value will be, which means it is better to buy them as soon as possible. Consider the five altcoins with the greatest potential for 2021.
- Cardano (ADA)
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 coming 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.
Recommended exchanges: BINANCE and Crypto.com.
- Enjin (ENJ)
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 appearing on Twitter trending 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.
- Uniswap (UNI)
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.
Recommended exchanges: Gemini, Binance, Coinbase, and Crypto.com.
- Litecoin (LTC)
Litecoin is viewed by many as the "silver" of the cryptocurrency world, while Bitcoin is considered gold. Litecoin is an alternative way of storing Bitcoin's value. While this currency lacks many standard features, there are two reasons to be optimistic about it.
- This is a convenient way to transfer funds due to low fees and fairly widespread use. The fact that the currency is not getting a lot of attention also speaks to its potential stability in the future. Plus, Litecoin is backed by PayPal. This quarter, the payment system will allow for settlements in cryptocurrencies with its sellers, which may increase the demand for Litecoin.
- A privacy feature is currently being developed. This will allow for both public and private transactions. This will make Litecoin the only one of the top 10 cryptocurrencies to support embedded private transfers. In addition, it is available in almost every crypto exchange.
At the moment, Litecoin is also working on a partnership with Cardano, which could potentially lead to even more growth.
Litecoin is supported by almost every exchange.
- Binance (BNB)
The Binance currency is launched by the eponymous cryptocurrency platform and is built on top of the Binance network, a competitor to the Ethereum ecosystem. Most recently, Binance has become the third largest cryptocurrency by market capitalization.
Despite the potential for further growth, you should be careful with Binance. Before investing, wait for its value to decline.
Recommended exchanges: Binance and Crypto.com.
Other altcoins
In addition to the above, you should also pay attention to the following cryptocurrencies.
- Aave (AAVE) allows you to issue decentralized loans and quick loans.
- 1Inch (1INCH) is similar to Uniswap, but always at a better price.
- Polkadot (DOT) is another possible Ethereum killer with interesting features.
- Pancake Swap (CAKE) is an analogue of Uniswap on the Binance network.
- Chainlink (LINK) connects the real world with the cryptocurrency.
