Top 5 Best Cryptocurrency to look out for in 2021
As interest in cryptocurrency grows, it is starting to regain fame. There has been a surge in competition in altcoins in the crypto-industry, and investors are eager to see which cryptocurrencies can live up to expectations this year. Moving beyond DOGE Saga: Top 5 Best Cryptocurrency to look out for in 2021.
Two software engineers Jackson Palmer and Billy Markus casually made the token Dogecoin reacting to the immediate rise in cryptocurrencies during that period. It was introduced on 6 December 2013 and saw a quick hike in the value of over $1 billion. This currency is what we call fun and friendly digital token.
We will look at some of the most popular digital currencies in the following article:
1. Dogecoin
It has increased by more than 13,000% year to date. The cryptocurrency has risen from marginally less than $0.06 per coin to a recent peak near $0.70 in just one month. That is a more than 1,000% increase.
If you are a citizen of India and want to buy Doge in India, you should have a few applications available for purchasing Dogecoins. BuyUcoin is a good option for that. It is a trusted name among more than 500,000+ crypto holders and traders who invest in over 100 crypto pairs like ETH-INR, BTC-INR, YFI-INR, and much more options.
BuyUcoin exchange is an easy exchange and involves just a 3-step process. It can also be bought using a credit card option, i.e., the USP of BuyUcoin. Doge price in India currently is Rs. 25.12.
People like investing in Dogecoin because they believe they can make a much larger profit in a short period. Now, when it comes to the Dogecoin (DOGE) price forecast, how much the coin will be worth by the end of this year, the price of Dogecoin may hover around the $1 mark, with the maximum expected price being $1. Dogecoin’s expected minimum price is around $0.9. It is very likely that it will cross the $0.8 mark soon, as the coin is constantly breaking all-time highs, as this is the year of cryptocurrencies. However, as a result of the pandemic, digital currencies have experienced massive volatility, and Dogecoin is no exception.
2. Basic Attention Token (BAT)
The Basic Attention Token (BAT) is a blockchain-based system that monitors media consumers’ time and attention on websites through the Brave web browser. Its goal is to efficiently distribute advertising funds among advertisers, publishers, and readers of online marketing content and advertisements. It’s based on Ethereum. Basic Attention Token Price in India at time of writing this article is Rs. 63.77. It’s good news for BAT crypto that, it can see an increase in its values by 66.21% by the end of the year.
BAT crypto has led to an improvement in security and enhanced efficiency in the field of digital advertising via blockchain technology. It has been predicted that by the end of 2021, its worth will be $2. 40 which will go up to $3.41 by the end of 2023.
With a span of 5 years, the value of BAT crypto will shoot up to $5.57. In fact, as per RippleCoinNews, the price of BAT crypto may even hit the mark of $15 when 2025 closes in.
BAT to INR trading pair values to Rs. 63.77.
3. POLKADOT
POLKADOT has been designed to link permissioned and permissionless blockchains and oracles to ensure the working of the systems efficiently on the same platform. Ensuring the interoperability of blockchains is its aim. Gavin Wood, a co-founder of Ethereum with Peter Czaban and Robert Habermeir launched POLKADOT in 2016.
The network of Polkadot permits the creation of 3 kinds of blockchains- Relay Chain, Parachains and Bridges. Developers use the development structure of the Polkadot to design a copy of the blockchain of Ethereum. It is also handy in their custom designs of blockchain. The market capitalization rate of Polkadot is $36.27B. Polkadot crypto price is $23.97.
One can buy Polkadot in India by using the platform of BuyUcoin. It is a 5-step process. After opening a digital wallet, one has to register an account. Once the KYC process gets completed, the users need to follow a Google 2-step verification followed by entering the bank details, then you can start investing in Polkadot.
1 DOT to INR equlas Rs. 1,736.41.
4. Chain Link
Chain link was launched to reduce the gap between smart contracts and is an independent oracle network. By Chain link cryptocurrency, smart contracts can now interact with outside data that Ethereum in itself is unable to connect.
The network of Chain Link was introduced to the market in June 2017 for the company of SmartContract. Launched to incentivize a global computer network, Chain Link provides highly reliable and real-world data to those smart contracts running on top of blockchains. Starting from the creation of novel crypto-financial products to developing new crypto assets, smart contracts have grown to be quite significant.
Chain Link has a market capitalization rate of $16.651B. To buy chainlink in India, BuyUcoin exchange is a good platform option. After signing up with your email id, you need to enter the basic KYC details. Once your account gets verified, you can easily deposit the crypto or INR into the digital wallet of BuyUcoin. Now, you are good to go for trading cryptocurrency on Real-Time Exchange.
1 LINK to INR converts Rs. 2,504.22 .
5. Tether (USDT)
Tether is the first of a kind in the group of Stablecoins and was launched with a goal to pin the market value to other currency, thus reducing volatility. With USDT, it has become way too much easier to convert many currencies to USD quickly. Being one of the most popular stable coins, Tether was carefully designed to hold equal value with the US dollar.
Initially launched in 2014 in the name of Realcoin by the entrepreneur Reeve Collins, Tether enables a person to move the funds between exchanges quickly. It also bridges the gap between crypto and fiat currencies.
Tether has crossed USD50 billion market capitalisation and has grown more popular as a stable coin. It has been estimated that the current price of Tether at USD 0.99 will witness a rise to USD 4.93 after 7 Years. Therefore, investing in Tether is a good idea, Although, one should not forget the risks that are always present.
1 USDT to INR converts to Rs 72.63.
Key Takeaways on investing with BuyUcoin:
- You can invest in BuyUcoin with Rs. 20.
- Even in the crucial moments, it did not crash and stood completely equipped to deal with a kind of surges in trading.
- No KYC needed for trading up to Rs. 10,000. However, there are certain mandatory withdrawals as per GOI regulations.
- You can enjoy unhindered INR deposits and withdrawals via IMPS, NEFT, UPI, and credit, debit card.
Each of these cryptocurrencies has a high chance of their worth getting increased. Therefore, investing in these is not a bad idea. With BuyUcoin, trading cryptocurrencies has become way too easy.
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Top 5 Best Cryptocurrency to look out for in 2021 was originally published in BuyUcoin Talks on Medium, where people are continuing the conversation by highlighting and responding to this story.