As Bitcoin continues to dominate the cryptocurrency market, many investors are turning their attention to alternative coins, or altcoins, in the hope of finding the next big thing. With so many altcoins available, it can be overwhelming to know which ones to keep an eye on. That’s why we have consulted with experts in the field to compile a list of the top altcoins to watch in 2021.
1. Ethereum (ETH)
Ethereum is often referred to as the silver to Bitcoin’s gold, and for good reason. As the second-largest cryptocurrency by market capitalization, Ethereum has a proven track record and a strong community of developers working on its platform. In 2021, all eyes are on Ethereum as it prepares to transition to a proof-of-stake model with the launch of Ethereum 2.0, which could have a significant impact on its price.
2. Cardano (ADA)
Cardano is another altcoin that has been gaining traction in recent years. Founded by Charles Hoskinson, one of the co-founders of Ethereum, Cardano aims to improve upon the shortcomings of existing cryptocurrencies by providing a more secure and scalable platform. With several upcoming updates and partnerships in the works, Cardano is definitely one to watch in 2021.
3. Chainlink (LINK)
Chainlink is a decentralized oracle network that aims to connect smart contracts with real-world data. As smart contracts become increasingly popular in various industries, Chainlink’s technology is poised to play a crucial role in bridging the gap between blockchain and the outside world. With a strong team and growing list of partnerships, Chainlink is considered by many experts to be a top altcoin for the coming year.
4. Polkadot (DOT)
Polkadot is a multi-chain blockchain platform that enables different blockchains to transfer messages and value in a secure and trust-free manner. With interoperability being a key focus for many blockchain projects, Polkadot’s technology has the potential to revolutionize how different networks communicate with each other. As the project continues to develop and attract more users, Polkadot could see significant growth in 2021.
5. Uniswap (UNI)
Uniswap is a decentralized exchange protocol built on the Ethereum blockchain that allows users to trade cryptocurrencies without the need for a centralized intermediary. With the recent explosion of decentralized finance (DeFi) projects, Uniswap has seen a surge in popularity as more users seek alternative ways to trade digital assets. With continuous updates and improvements to its platform, Uniswap is definitely a project to keep an eye on in 2021.
In conclusion, the world of altcoins is constantly evolving, and it’s important to do your own research before investing in any cryptocurrency. However, based on expert opinions and market trends, the altcoins listed above are definitely worth watching in 2021. Keep an eye on these projects as they continue to grow and potentially disrupt the cryptocurrency market in the coming year.
