Bitcoin was launched on January 3, 2009. Its meteoric rise in popularity coincided with the broader crypto world’s interest. Even though Bitcoin has experienced a correction, trading volume remained strong at around $42,000 to $50,000. There are more than 7,000 cryptocurrencies in existence. With a wide variety of options, it’s easier to start making big gains than chasing after a rocket that has already taken off.
When investing in any crypto, remember to check if there is an inherent utility to the coin. Even cryptos meme coins need developers to crank out regular updates to stay relevant. With the sudden boom in the Shiba Inu coin, the meme coins are a new trend which makes it question whether the altcoins can be more interesting for the investor choice.
Let’s find out, here are some of the best altcoin in 2021 which has huge potential to grow and gain some returns:
Jump from US$1.32 to US$2.32 on September 2, 2021, Cardano’s price jumped by 134.85% in a month. Due to the stock price collapse of Evergrande, there has been a negative crypto market mood in the past two weeks of September. However, October will be a significant month for the new currency that seeks to tackle real-world problems.
This silver to bitcoin’s gold was surged by 60.6117% in one month, from August 1 (US$144.51) to September 6 (US$232.10). In September LTC was most affected by the overall economic scenario of Asia, as well as a lack of trust in keeping digital tokens. Traders and investors might consider litecoin as a low barrier to entry cryptocurrency. This will definitely attract a lot of eyes of investors.
Tether is a stable coin and is a perfect choice for investors who look for stability in cryptocurrency. As they are a less volatile alternative to Bitcoin because they are linked to an asset like the U.S. dollar, as is the case with Tether. The cryptocurrency allows you to transact in traditional currencies and avoid the complexities of digital currencies.
Monero is very popular these days because it has the ability to anonymize users. Ring signatures and stealth addresses help in accomplishing this task. Due to the technology at its disposal, the privacy-focused Monero cab hides the identities of the sender and the receiver.
The only problem some might have with Monero’s approach is that privacy isn’t really an option. It enforces anonymity at a fundamental level. That may rub certain people the wrong way.
And, there are several people out there who love this feature and want to protect their identity online and to be anonymous.
Algorand was created to solve the problem of scarcity. To solve that, it employs a novel, more scalable form of “proof-of-stake,” a consensus mechanism that’s critical for securing blockchains and making sure no one can create new tokens out of thin air that they didn’t earn. Algorand investors have enjoyed blockbuster returns following an announcement that El Salvador would establish blockchain infrastructure using Algorand.