As 2020 comes to an end, traders move carefully and choose which cryptocurrency to focus on in 2021. So to speed up this process, here is a list of some of the most promising cryptos, which are likely to present good trading opportunities during the next year.
New cryptocurrency traders may have been introduced to BTC in 2018, without a doubt one of the most difficult years for cryptocurrency. However, long-term traders remain on their feet, seeing how the world’s most popular digital currency maintained its position. Even top creators of cryptocurrencies like Charlie Lee of Litecoin have previously advised traders to always keep an eye on Bitcoin before deciding, which crypto to trade.
Major cryptocurrency traders, such as Ran Neuner, know better than to doubt the potential of XRP, whose trading volume has led it to becoming the world’s second-largest cryptocurrency. Although the price for XRP is not close to $1, traders have repeatedly revealed that XRP is the next best token that provides ample trading chances, following BTC.
Currently sitting at a price of $ 70-80, Litecoin is one of the most reliable cryptocurrencies in terms of trading volume and price stability. LTC has only been around for a few years but has managed to overcome the bearish tides. When it comes to stability, consider Litecoin.
More than five years after its inception, Dash has been available to traders since 2014. Those who have traded Dash have been through some of the harshest market trends to get to this point. Seeing the slow and steady pace at which Dash has built its price range around$100 does not deter new market participants from trading Dash daily.
From $ 2.47 on the day of its live release, XMR fell to $ 0.7 in almost a year, before climbing to over $120 in 2020. With a slow and steady price movement, it’s no surprise that XMR is a top choice for altcoin traders, who look for a little variety in their trading portfolio.
While ZEC is experiencing a significant drop in value, traders are still very confident that the future is bright for this cryptocurrency. Given that ZEC has been in existence since 2016 and refuses to show any indication of retreat, traders still do not know where the bottom of this token is, as it remains one of the most valuable, with a flexible tradable rate.
The Tron network has become one of the easiest to use platforms. Not only has this attracted more developers to the Tron network, but this progress has also significantly affected the network’s native token (TRX). It became apparent that more traders became interested in TRX when it surpassed Ethereum’s record transactions of 1,349,890, with an overall daily record of 1,367,488.
MKR is undoubtedly one of the most valuable tokens with a very promising future, as evidenced by its 2020 results Stability is the word that classifies this token as it shoots into higher rates. This growth is unlikely to stop any time soon as more traders approach MKR for trading opportunities.