Cryptocurrency markets

Top promising cryptocurrencies

Top promising cryptocurrencies
Bitcoin continues to generate the greatest interest and inflow of investments, however, in terms of capitalization growth, it is inferior to many other projects that will eventually be able to move it.

In the top cryptocurrencies in 2021, this blockchain rightfully takes the leading place. Ethereum smart contracts allow you to create algorithms for interaction according to pre-agreed and transparent rules: hold an auction, create a pool with deductions for attracting new participants, lend funds and receive interest. The wide application of smart contracts has made this cryptocurrency the best for creating decentralized applications and exchanges. Thanks to Ethereum, the DeFi and NFT markets continue to boom.

Over the past 12 months, the decentralized finance (DeFi) market has grown 67 times, and the non-fungible token (NFT) market is forecast to quadruple in 2021. The vast majority of projects are built on the Ethereum blockchain, where the main scalability problem is the high cost of gas (transaction fees). However, the developers are working on "moving" to the new proof-of-stake protocol, which will have a positive effect on both the speed of transactions and commissions. Already, crypto investors have reserved over $ 6 billion to receive ETH 2.0, considering the new cryptocurrency the best investment option.
Top promising cryptocurrencies

Top promising cryptocurrencies


This cryptocurrency has the best prospects of becoming the base for CBDC (digital official currencies). The speed of transactions on the network is three times higher than the capabilities of PayPal and reaches 1500 per second, and in case of an error, you can cancel the operation and get your money back. At the same time, commissions remain one of the lowest among cryptocurrencies.

Noting the growing interest of regulators in the issuance of their own digital assets, Ripple Labs released a document entitled "The Future of CBDC", which proposes to use Ripple as a bridge currency between fiat and crypto instruments.

This cryptocurrency has the best ratio of the current price to the all-time high among the top 10 cryptocurrencies in terms of capitalization: it continues to remain undervalued.

This was due to the claims of the Securities and Exchange Commission (SEC), which did not like the mechanism for attracting investors in 2017-18 and the distribution of coins. According to the regulator, in order to perform such actions, XRP must have the status of a security. If the SEC wins the trial, the company's executives will be held criminally liable. Otherwise, the coin remains one of the best options to build with CBDC.

Due to friction with the regulator, the cryptocurrency missed the 2021 rally, while simply reaching the absolute maximum could bring an investor six times the return. It is better to invest in this cryptocurrency immediately after the SEC claims are withdrawn.

Polkadot had the best start in 2020. The project is less than a year old, and in terms of capitalization it is already in the TOP-6, overtaking XRP and Litecoin. The value of the coin has increased 10 times over the past six months, and at the same time, there is no deep correction that is characteristic of altcoins after a strong takeoff.

Polkadot offers a tool for interoperating different blockchains with high speed and security. According to creator Gavin Wood, Polkadot is a protocol created by developers for developers. Each of them can create their own parachain using the existing libraries and sandbox and join the platform. Thus, different projects are able to freely exchange information and tokens.

The boom in the DefI market has exposed the problem of interaction between various projects built on Ethereum. Gavin Wood was aware of this flaw because he was actively involved in its development.

Acala Network and Plasm Network have already joined Polkadot, and more than 20 applications are under consideration. The DOT cryptocurrency, which is the link between the parachains, has great growth prospects in 2021. This is why the price remains high despite a tenfold increase since listing.

In this article, we looked at three of the best cryptocurrencies to invest in 2021.
Politics is a set of activities associated with the governance of a country or an area. It involves making decisions that apply to group of members. I would have realized that technology is an accessible field at a younger age. I really got interested in technology when I took a role on President Obama’s Technology, Innovation, and Government Reform transition team.

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