Best Altcoins 2021: The Tokens Ushering in Altcoin Season
Altcoin season is upon us and we’re here to tell you that it is never too late to do some investing in smaller tokens! Taking off during the first couple of weeks of September, the markets have seen a marked surge in the prices of some smaller coins, with many reaping impressive gains that have shocked many.
For more on altcoin season, check out this explainer:
Wondering what the best altcoins 2021 are? Here is a snapshot of altcoins to buy, or just keep your eye on!
Dubbed the “Ethereum killer,” Cardano was built as the next evolution of blockchain technology that would solve two main issues plaguing Ethereum: scalability and transaction fees. And Cardano has done just that, executing transactions faster and cheaper than most of its’ competitors and it’s price surging from $0.18 to $2 in one year, marking a 1,044.44% return on investment.
Back in July, Cardano’s developer community, IOHK, made an announcement revealing that they had completed a successful smart contracts test, slating them to capitalize on one of the fastest-growing sectors in cryptocurrency: non-fungible tokens (NFTs). revealed plans to implement a DeFi stablecoin. The Djed stablecoin will be issued on Cardano and is set to promote its ecosystem. The CEO of COTI Group, the long-time partners of IOHK, spoke on the matter to say, “I believe that adding the Djed stablecoin to the Cardano blockchain will significantly improve how transactions are settled on the platform”.
With a strong foundation, constantly increasing utility, and a very attractive price point, Cardano is a great altcoin to invest in.
Ripple’s primary goal is to provide a network solution for reliable and affordable global money and goods transfers. Its’ XRP token has revolutionized the world of microtransactions, remittances, and online payments by making it nearly instantaneous. How is this accomplished?
Ripple provides secure, cheap, and quick cross-border transactions, and currently performs some of the fastest blockchain transactions in the crypto world, each of which takes only around 2 seconds. This, in comparison to Ethereum’s two minutes and Bitcoin’s 10-minutes, is an impressive feat.
While the platform has become well known for its recent battles with the Securities and Exchange Commission (SEC), Ripple’s adoption was consistently strong throughout this past year with the small token seeing year-to-date returns of 321.26%. The company announced a $250 million creator fund aimed at evolving their NFT utility on the XRP Ledger. This is set to put Ripple on the NFT field with other major players like Ethereum and Solana who are competing in the space.
With its SEC woes largely behind it, and price of just under $1 (strongly contrasted by its market cap worth tens of billions of dollars), XRP is a great altcoin to purchase if you’re looking to make a solid investment with a modest amount of money.
Sitting on the Ethereum blockchain is the DEX protocol Uniswap and its token UNI. Unswap is a governance token, meaning owners can participate in decision-making on how the platform is run and is well known for providing more privacy protection than centralized exchanges as their protocols are largely permissionless, thus not requiring any KYC (know your customer).
In the most recent crypto ban implemented by China, the UNI token managed to climb a staggering 40% despite a slight tumble in prices earlier in the year. investors and traders have flocked to get their hands on this token.
In addition to the China pressures, UNI offers investors a variety of benefits including no listing fees and affordable gas fees per transaction. Further, rumors abound of a planned partnership between Uniswap and Robinhood, something that would catapult its price further as it settles into mainstream purchase planning for individual and institutional investors.
As it stands, Uniswap is a leader in the DEX category, holding more than $3.7 billion in assets. Considering the fact that it is up 270% since the start of this year, UNI clearly shows no signs of slowing down. Many also speculate that UNI has a high possibility of surpassing its current ATH of $44.97 later this year.