- Many big companies like Tesla, Samsung, Google, Apple, Facebook and Paypal have jumped into the crypto market with their long-term plans.
- many young and new investors are taking an entry into this mad rush
- 2021 witnessed an increase in the altcoins
Cryptocurrency is gaining a lot of popularity in the west and at home too. The traders are bullish not only about the top currencies like Ethereum and Bitcoin but also seem very positive about various altcoins which are showing signs of improvement in the daily trading session.
The year 2021 witnessed a major boom in cryptocurrencies as many big companies like Tesla, Samsung, Google, Apple, Facebook and Paypal have joined the bandwagon and jumped into the crypto market with their long-term plans. The cryptocurrency continues and many young and new investors are joining this frantic race.
A few years ago, no one had thought that cryptocurrencies like Bitcoin and Ethereum would become the most popular currencies in the world. No one dreamed that Bitcoin would hit the $ 62,000 mark and multiple altcoins would compete in the race at the same time. This year, in the first half of the year, we have seen growth in all altcoins.
And the credit for the increase in altcoins goes to Tesla CEO, Elon Musk who manipulates the market with his predictions very well. His single tweet can set a day for any coin. Since the market is in the recovery zone, there are a lot of green signals showing in the indexes each day. But one has to be very cautious about the green signals. Cryptographic companies have large keys and readings and face great losses. So, one needs to study the market well to be in the safe zone.
Let us take a look at the coins which are showing green signals currently and looks promising.
It is the second-largest cryptocurrency in the world by market capitalization. It is in the transitioning phase ETH 2.0 and the next generation of blockchain technology has turned the heads of the investors towards this coin. ETH is one of the main competitors on this list of the best cryptocurrencies to buy in the long term.
Ethereum was formed in 2014 by Vitalik Buterin along with seven others. It is one of the largest platforms for decentralized applications (DApps). It will continue to shine and has a bright future.
The retail and institutional investors see a lot of potential in this coin. Thus, the currency is the best currency to invest in this year. Investors are bullish about its future as it expands the capabilities of smart contracts by enabling access to real-world data. It also gives access to off-chain computation while maintaining the security and reliability of blockchain technology.
It was formed as a meme currency and the founders would have never thought that this currency would eventually gain a lot of popularity and traction amongst the investors. The coin which has just started has gained a lot of attention this year and has become a turnaround year. There was an increase of 15,000%, making this coin one of the most popular coins to buy.
It is an encouragement for all other altcoins who are still trying to prove their existence. Dogecoin gets its fame only after Tesla CEO Elon Musk has given a huge push to the token via his series of tweets about the coin. The token hit a massive rally to touch the $0.74 mark in mid-April.
This will enable developers, traders and liquidity providers to participate in an open and accessible financial market for everyone.
It is a framework build-up to connect Ethereum compatible blockchain networks. Evolving Ethereum solutions supporting Ethereum’s multi-chain ecosystem.
It is an open-source blockchain platform. It is built to support and operate safely.
It is reengineered distributed ledger technology, enabling the secure exchange of both value and data without any fees.