With the price of Bitcoin (BTC) breaking its all-time high twice in 2021 the cryptocurrency market has once again shown optimism with analysts predicting new highs for the main crypto assets in the market.
However, while cryptocurrencies are “all the rage”, figuring out which ones represent the best investments is no easy task.
Intense volatility, with aggressive highs that are often accompanied by sharp drops, scares off the more conservative users. However, for Rubens Neistein, CoinPayments Business Manager, eight crypto assets still have great potential for appreciation in 2021.
Bitcoin (BTC)
The world’s first cryptocurrency, and the most popular, continues to be at the top of investment preferences.
Even with its well-known volatility, including losses in mid-September 2021 due to external shocks, the truth is that this crypto asset often breaks valuation records.
The most optimistic projections indicate that it should exceed the USD 100,000 barrier by the end of the year.
Ethereum (ETH)
Ethereum (ETH) is also suffering from the cryptocurrency market’s reaction to the global economic crisis. But before its fall in September, the digital currency was hitting all-time highs, largely due to its platform update.
The expectation is that the asset can exceed its all-time high and stabilize at USD 4,000 per unit.
Polkadot (DOT)
Between May and July, this asset registered a large drop in the price of its unit after breaking its historical record of USD 49.80. However, what has been seen in the following two months indicates a strong recovery, with a 256% growth in its value and a capitalization 66% higher than that of Ethereum in the period.
The data shows a steady uptrend, putting the currency in the crosshairs of investors.
Cardano (ADA)
In early September 2021, Cardano, a coin born in 2017, reached its peak value, with the unit valued at $ 2.96. True, there has been a slight decline since then, but the price is still well above the $ 0.17 recorded on the first day of the year.
Cardano has a community mobilizing power and the trend is to further increase the value, especially with the launch of its new platform.
Binance Coin (BNB)
Binance Coin has established itself as a major crypto asset on the market. It can be used both as a payment method and as a utility token for eventual commissions at the broker and is the native crypto asset of Binance Smart Chain (BSC), currently the second largest blockchain platform on the market.
The cryptocurrency experienced a strong appreciation in early 2021, experienced a drop between May and July, but continues to recover and should close the year higher.
Uniswap (UNI)
It is the governance token of the decentralized exchange of the same name and already completed its first year of operation now in September 2021. Valued at less than $ 4 in December 2020, it traded at $ 43.16 in early May.
The fall that affected the crypto asset market between May and July had an impact on the price, but the asset is already recovering and is expected to rise by the end of the year.
PancakeSwap (CAKE)
It is another native governance token from a decentralized exchange with the same name. Its trajectory follows the same trend as its competitor Uniswap. That is, an aggressive rise in the first months of 2021, with a maximum (USD 42.59 at the end of April) and a sharp fall from May to July.
The digital currency is on the mend and the launch of the new NFT market should boost growth.
Theta (THETA)
Released in 2019, Theta is a governance token for the platform of the same name that works as a peer-to-peer exchange of content and videos. In March 2021, the asset’s valuation was so great that it grew by 17,000% in one year and was among the top ten digital currencies.
The value has fallen somewhat since April, but the crypto asset has potential for the remainder of 2021.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Each investment and commercial movement involves risks, you must carry out your own research when making a decision.
Keep reading: