Cryptocurrencies are acquiring a lot of fame nowadays. From Bitcoin, Ethereum To Shiba Inu, there are thousands of cryptos. Some are stable like Tether and USD coin whereas, some are flying or dropping a huge percent within weeks. To invest or trade in cryptocurrencies can be a dilemma for freshers, but when you know why, how and when to invest or trade, they can give huge returns. In this article, we hereby list five cryptocurrencies that made headlines in 2021.
Bitcoin:-
Bitcoin (Photo Credits: Bitcoin)
Bitcoin has to be at the top of the list. Created in 2009, BTC is the most popular crypto that comes into anybody’s mind when they hear the word cryptocurrency. Five years ago, BTC was at about $500, and today its price is $48,209. BTC became more popular in 2021 when El Salvador chose Bitcoin as a legal tender, and thousands of companies started to establish Bitcoin ATMs. As such, its price rose against the US Dollar, thus becoming the costliest crypto worldwide. Crypto market experts have predicted that the price of BTC will shoot to $100K by the end of this year or in 2022.
Ethereum:-
Ethereum (Photo Credits: Ethereum)
ETH which is also known as Ether falls second on the list. It is the second-largest cryptocurrency after Bitcoin. ETH is a decentralized open-source blockchain system and a favourite of program developers because of its potential apps like smart contracts and NFTs. Ethereum also witnessed tremendous growth, and on November 9, 2021, its price hit an all-time high crossing $4700.
Shiba Inu:-
Shiba Inu (Photo Credits: Shiba Inu)
Shiba Inu was launched in August 2020, and within a year, especially during May 2021, it shook the crypto market as its price suddenly surged. Due to the surge in its price, Shiba entered the top ten crypto-list this year. Shiba Inu is said to explode more between 2022 and 2025. However, investors should be careful while trading or investing as its price fluctuates by Elon Musk’s tweets.
Solana:-
Solana (Photo Credits: Solana)
Solana is considered as one of the top competitors of ETH, especially after its performance this year. Since April 202, its price has been rising decently. On November 6, 2021, its price rose to $260, making to the headlines. This price surge has attracted many investors, and according to crypto experts, the price of Solana could also shoot in the coming years.
Avalanche:-
Avalanche (Photo Credits: Avalanche)
In November 2021, just like other main cryptos, Avalanche also saw a significant rise in its price. It has great potential and will become one of the most popular digital currencies in the coming years. It is popular mainly because of its token AVAX, which assures high transaction security paired with speed scaling a trillion per second.
(The above story first appeared on Morning Tidings on Dec 15, 2021 05:36 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website morningtidings.com).
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