- Elon Musk, Investor & Entrepreneur
What are the top new currencies of 2021? We’ve seen a lot of action over the past year with Bitcoin and Ethereum with much more blockchain-related activity to come in the next few years.
The sooner you jump on these cryptocurrencies, the better. Find a cryptocurrency trading platform that offers the following so that you can grow your portfolio over time. If you are new to cryptocurrency, brush up on the basics here. Now, what are the seven new cryptocurrencies that you should know about?
Around November 2020, Cardono (ADA) was priced at $0.10 per coin and now, it has shot up to just over $2 (with an all-time high around September 2021). Cardano is currently one of the most popular cryptocurrencies for several reasons.
One, its properties are sustainable and if a cryptocurrency is proven to be sustainable, it is valuable. Why? Because it can hold its own when Bitcoin and Ethereum take a tumble. Sustainability is partly why a certain billionaire dumped Bitcoin for another cryptocurrency (read on to find out who it is).
Cardano does not rely on supercomputers in order to generate new units and transactions (key words to look out for when you are scouting the next best crypto) and is here to stay for the long run.
Solana (SOL) is a challenger to Ethereum that witnessed a meteoric rise in 2021. How much of an increase you ask? A whopping 17,000%. In terms of market value, this makes it one of the top five most valuable cryptocurrencies.
Currently, Solana stands just below $250 which is nearly a hundred times more then where it was in November 2020. Solana is an appealing option because the fees are much lower than Ethereum and it is considered more stable (another key term to remember on your quest to find cryptocurrency beyond those on this list). Watch the trends intently to know when certain cryptos will make a huge jump.
Binance Coin (BNB)
Binance Coin (BNB) was created by the trading platform Binance hence the name. Binance Coin is fascinating because they are not looking to create an infinite amount. Every quarter they use 20% of their profits to buy the coin back and ‘burn it’.
Their goal here is to ‘destroy’ 100 million Binance coins (approximately one half of their supply) to make the coin scarce and valuable, leading to an uptick in price. If you purchase this new cryptocurrency, you better be in it for the long term. BNB is exclusive to Binance, so you will not find it on any other platform. If you are based in Australia, you can sign up for a Binance account.
Polkadot (DOT) has just hit the $100 mark in price. This is near a 50 percent increase as it has been sitting just below $54 over the last few days. Due to these new highs, it is an appealing cryptocurrency to look out for. Whether it stays on its new peak or crashes back down to its previous level remains to be seen.
Like Solana, Polkadot is considered one of the direct competitors to Ethereum and operates on parachains. The good news is that Polkadot can be bought and sold on Coinbase. Keep a close eye on the price and watch for any activity. Buy when you feel that there is enough indication to jump in.
Earlier this year, Dogecoin (DOGE) rose to its highest levels yet. What started out as a ‘memecoin’ has become one of the hottest new cryptocurrencies on the market. It hit peak when the stock fiasco surrounding Gamestop and AMC took place.
Currently, Dogecoin sits just over $0.20 a coin but has surpassed $0.70 at points. Dogecoin has been one of the most talked about cryptos since Elon Musk ditched Bitcoin for it. If Mr. Tesla’s tweets have carried any weight in recent years, you may want to keep one eye on his feed and your other on the DOGE price.
Bitclout stands out from the others because it is both it’s own currency and social network. On the social network, each profile is its own coin (price depends on coin demand). If you are looking to join a social network where you become your own creator coin, Bitclout is for you. Creator coins are then purchased on their dedicated platform known as $clout. The higher your engagement, the more you’ll be able to receive an investment in your creator coin. Do any other new cryptocurrencies have something this innovative up their sleeve? Only time will tell.
Who knew that real estate and the blockchain would come together? Landshare is on a blockchain provided by Binance (through its Smart Chain) to provide tokenised real estate assets. This includes making small investments in real estate and earning passive income for as long as you hold on to the coin. Think of it like being a landlord, except you don’t have to knock on your tenant’s door for rent. This new cryptocurrency is absolutely worth holding onto unless you have ‘paper hands’.
These seven new cryptocurrencies are all worth looking into and indicate the future trends of cryptocurrency. Remember that whilst Bitcoin and Ethereum are the big players, there are many others that are worth the focus, attention, and money.
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