The year 2021 has been the most spectacular and successful in the history of Cryptocurrency. Cryptocurrencies have been in constant discussion last year. Many currencies gave returns of thousands of percent in a year. Apart from this, its acceptance in the whole world increased very fast.
El Salvador, a country in Latin America, gave bitcoin the status of a legal currency in its country. On the other hand, China banned its trading. Adoption can be gauged from the fact that central banks around the world are working on digital currency. This year the Indian government is also bringing a law to regulate cryptocurrencies.
So, as successful as 2021 was for cryptocurrencies, will this year be as successful as well? It is believed that Ethereum 2.0 will be launched this year. Apart from this, this year is also expected to be great for NFT. Crypto market experts say that like last year, the chances of the crypto market rising again this year are very less. Experts are of the opinion that by the year 2025, the cryptocurrency will definitely reach the level of 2 million dollars. However, there is also a possibility that before that, once bitcoin will fall to the level of 20 thousand dollars.
In these recent years crypto investors have started earning high profits by investing in the cryptocurrency market. Coming to the state of the crypto market in 2021, both BTC and Ether shot higher after thousands of altcoins got their first taste of mainstream success. This year cryptocurrencies have immense potential to flourish even beyond 2021. Thousands of cryptocurrencies are entering the crypto market to attract the eyes of crypto investors. This article lists down the top 10 crypto tokens that are expected to stand out this year.
Bitcoin (BTC)
Bitcoin is a decentralized cryptocurrency that was created in 2009 by Satoshi Nakamoto, BTC is the first and original cryptocurrency. As with top cryptocurrencies, BTC runs on a blockchain, or a ledger logging transaction distributed across a network of thousands of computers. Bitcoin price was over US$57,000 last November, which is a growth of about 11,400%.
Ethereum (ETH)
Ethereum is a decentralized open-source blockchain system that features its cryptocurrency, Ether. ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts. ETH has been at the forefront of a blockchain smart contract platform. The price of ETH has witnessed tremendous growth of about US411 to over US$4,700 that is about 42,000%. It is one of the top 10 cryptocurrencies which is expected to stand out this year.
Polkadot(DOT)
The best cryptocurrencies may use any number of blockchains, Polkadot aims to integrate them by creating a cryptocurrency network that connects the various blockchains so they can work together. Between September 2020 and November 2021, it grew about 1,300% from US$2.93 to US$38.61.
Uniswap (UNI)
Uniswap is a crypto exchange protocol that operates on a decentralized basis. Using smart contracts, the protocol allows for automated transactions between cryptocurrency tokens on the ETH blockchain.
Binance Coin (BNB)
The Binance Coin is a form of cryptocurrency that can be used to trade as well as pay fees on Binance, one of the largest crypto exchanges in the world. The coin was launched in 2017 and can be used for trading, payment processing, or even booking travel arrangements. Binance Coins can be traded and exchanged for other top cryptocurrencies even such as ETH and BTC.
XRP
XRP was created by the same founders as Ripple, which is a digital technology and payment processing company. XRP is used to facilitate the exchange of different currency types even including the top cryptocurrencies and fiat currencies. Since 2017, it grew up to 16,666% until last November.
Litecoin (LTC)
Litecoin was launched in 2011 was one of the first top cryptocurrencies to follow in the footsteps of Bitcoin. It is also referred to as the ‘silver to Bitcoin’s gold. This is the best cryptocurrency that is based on an open-source global payment network that is not controlled by any central authority and uses Scrypt as a PoW. Even though Litecoin is like Bitcoin in many ways, it has a faster block generation rate that can confirm the transactions much faster.
Tether (USDT)
Tether is not like the cryptocurrency, USDT is a stable coin that is backed by fiat currencies such as U.S dollars and the Euro. Tether’s value is supposed to be constant with the other cryptocurrencies and it is favored by investors who are wary of the extreme volatility of other coins.
Solana
Solana is one of the top cryptocurrencies that could touch new highs in 2022 in the digital wallets of crypto investors. This cryptocurrency is known for effective, fast, and censorship-resistant blockchain for global adoption. It is expected to have a long-term increase in the cryptocurrency price this year with a promising future. Solana has been a top performer in 2021, rising through the ranks of altcoins to become the fifth-most-valuable cryptocurrency in the world.
Chainlink(LINK)
Chainlink’s decentralized oracle network offers tamper-proof inputs and outputs for complex smart contracts on any blockchain. The crypto integrates third-party data into smart contracts. While smart contracts on ether respond to other asset rates, global events, and API calls, smart contracts in LINK are made smarter as it only responds to activities on its network. It is one of the primary data sources used to feed information to Defi applications.
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
