These cryptocurrencies are being watched closely by crypto experts.
Cryptocurrencies are growing in popularity day after day, making numerous headlines regarding their spikes and crashes. Seasoned crypto investors are waiting for the next bullish period of the crypto market to expect good returns from their investments and novice crypto investors are making the most of this opportunity to start their investments. After the crash, the cryptocurrency market is now stabilizing with steady momentum,
If you are going to invest in cryptocurrencies this month or sometime this year, watch out for these hottest cryptocurrencies to analyze their growth patterns. To help you get started, Analytics Insight has a crypto investment guide prepared for you.
1. Bitcoin (BTC)
While early investors are reaping the profits, investing in Bitcoin is still a viable option. Launched in 2009, Bitcoin is the oldest and the biggest cryptocurrency in the market with a market cap of US$756.83 billion. In 2020, when the world was bracing the chaos created by a coronavirus, Bitcoin had its share of fluctuations but coped well in time to reach its all-time high of US$60,000. This built trust among the investors and encouraged many organizations to accept Bitcoin as a legal form of payment. Currently, the price of a Bitcoin is trading around the SU$40,000 mark which opens opportunities for new investors.
2. Ethereum (ETH)
Ethereum had a strong 2020 and now it is seeing a stronger 2021. Second to Bitcoin in market cap, Ethereum is the first cryptocurrency to start the smart contracts systems, a factor that contributed to the growth of the DeFi sector. While this alone makes Ethereum a promising cryptocurrency, investors are awaiting the launch of Ethereum 2.0. The project is expected to be launched at the end of 2021 with a new proof-of-stake algorithm.
3. Litecoin (LTC)
The Litecoin network went live in 2011, and since then the coin has seen an 8000% growth. It has a market cap of US$11.70 billion which shows its potential. Identical to the Bitcoin network, Litecoin is one of the cryptocurrencies supported on PayPal and is being used by a fantasy game called LiteBringer which is increasing the number of Litecoin transactions.
4. Bitcoin Cash (BCH)
Bitcoin Cash’s blockchain technology stemmed out of Bitcoin’s blockchain network on the grounds of not being scalable enough. Bitcoin Cash’s new network can support more transactions at a faster pace. This factor led to the increase in Bitcoin Cash’s value and attracted all kinds of crypto investors. It is not one of the top 10 cryptocurrencies with a market cap of US$11.73 billion.
5. Polkadot (DOT)
Launched in 2020, Polkadot has impressed crypto experts with its potential. Its initial increase in price was from US$3 to US$7, which came down to around US$4 in 2020 and traded comfortably. In late 2020, Polkadot hit the US$10 mark, which is amazing for a year-old cryptocurrency. This is one of the most affordable cryptocurrencies to invest in, with a market cap of US$23.14 billion and an immense growth potential.
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