Introduction
As the value of Bitcoin is on the rise and crossed $19,000 on 24th November 2020, investors expect that it will cross its all-time high shortly. With the rise in the value of Bitcoin, many crypto experts suggest including altcoins. Therefore, if you are someone who is looking for the best altcoins for 2021, you are in the right place.
Investing in altcoins is one of the best things you can do for your portfolio in 2021. One of the main driving forces is that global companies have shown interest in some popular altcoins. Recently, PayPal announced that it would integrate Bitcoin along with some altcoins in its platform. So, it’s a great opportunity for crypto investors to invest in altcoins.
Top Five Altcoins for 2021
Investing in the following altcoins can be highly profitable for the next year. As they have shown an uptrend after the pandemic, it’s expected that they will perform well in 2021.
Ethereum
Ehtereum has remained as the second-best cryptocurrencies after Bitcoin. After the announcement for the launch of Ethereum 2.0, there is a high demand for ETH. For the launch of the beacon chain, enough Ethereum was deposited. The launch has a positive impact on its price, and a bullish trend has already started.
Additionally, the announcement of PayPal to include Ethereum in its payment platform has also a major factor in driving its value.
Crypto investors are wondering whether the best altcoins can surpass their all-time highs in 2021. Although ETH’s value is hovering around $600 right now, there is a long way to reach its all-time high (i.e., $1394). However, crypto experts predict that it can cross this level in 2021.
Bitcoin Cash
Bitcoin Cash will be another best altcoins that can be profitable next year. Although it has not shown much gain in the past few years, PayPal integration can significantly impact its prices.
Even if it’s not rising as high as Bitcoin, but there is a high demand in the near future. If BCH starts to be used as a payment option, the demand will be high, and the price will rise significantly. However, there is no certainty that Bitcoin Cash will perform well next year. But Roger Ver, who is famous as ‘Crypto Jesus’, predicts that the value of BCH may get double in 2021.
Litecoin
Another popular altcoin that can be profitable in 2021 is Litecoin. Although Bitcoin is rising and it’s coming closer to its all-time high, other popular altcoins have to go a long way to reach their peak value back in 2017.
The value of Litecoin was $375.29 in December 2017. It was Litecoin’s all-time high, and it needs to raise more than four times to reach that level. It offers one of the best online payment systems, so there is a high probability that its value will increase in 2021. Along with BTC, ETH, and BCH, PayPal has also announced that it will include Litecoin.
Ripple
Although Ripple’s XRP is not on the list of PayPal’s network, it is also one of the best altcoins that you can invest in 2021. The value of XRP has increased up to 126 percent in a week in November 2020. It shows that it will be the right time to invest in this altcoin to give good returns in 2021.
Although its all-time high is far away from the present value, the growth in its value shows that it will rise in the coming days. So, it’s one of the best altcoins to consider for investment.
Chainlink
Lastly, Chainlink can also be highly profitable in the next year. The value of this altcoin reached around $19, which was its all-time high. Now, the vital question is whether it can cross the $20 psychological level.
Closing Thoughts
Now that you know about the best altcoins, you can diversify your crypto portfolio with these altcoins. However, you should always analyze the risk before you invest in crypto coins. If you want to invest in Bitcoin, you can visit here to become a trader . Lastly, please share your queries and suggestions in the comment section.
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