Top 3 Altcoins to Watch Out For In the Second Quarter of 2021

When it comes to the cryptocurrency space, Bitcoin is not the only investment option out there. As of 2021, over 4000 different cryptocurrencies are in circulation, with millions of dollars invested in them. Due to comparatively lower market caps and more room to grow, these altcoins can offer you much higher returns on your investment and can make you rich. However, they are riskier, and you could also lose money dealing with them.

The first quarter of 2021 has proven great for the entire crypto space, and many altcoins have already spiked over 20x. With most altcoins reaching their all-time highs, choosing the right investment currency poses a conundrum to the investors.

In this article, I have mentioned the top 3 altcoins that have high potential and are safe to invest in. You can also buy these altcoins on these best trading platforms that are also ideal for stock and forex trading. Let’s take a look:

Ethereum ETH

When it comes to altcoins, Ethereum is at the top of the rankings. With a whopping market cap of over 200,000 million, Ethereum is leading the altcoin market with its smart contracts and Dapps compatibility.

Ethereum has developed a vast decentralized financial network that people from all across the world can access. Most of the new cryptocurrencies are being built on the Ethereum network, which is one of the main reasons why it has become a giant in the crypto space. New projects prefer to build their tokens on Etheruem blockchain because it offers a wide range of benefits and is much more reliable than its immediate competitors.

As of April 16th, Ethereum is worth just under $2400 dollars, and experts are predicting that it can go as high as $500 by the end of the summer and $10,000 by the end of 2021.

Cardano ADA

Another promising altcoin out there every crypto investor is keeping an eye on is Cardano ADA. Many people refer to Cardano as the Eth-killer, and the reason behind that is its disruptive technology and improved smart contracts.

Every new function that is implemented on the Cardano blockchain is backed by peer-reviewed research, which makes ADA one of the safest options to invest in. Cardano has already done a 10x in the past six months, but that doesn’t mean it would stop there.

One of the biggest problems with Ethereum is that it can only do eight transactions per second, resulting in high gas fees during peak hours. Cardano aims to solve that problem and can process up to a million transactions per second.

Cardano is currently sitting at $1.3 and is expected to rise to $7-$10 by the end of the year. Even though ADA is just speculation at the moment, it is still backed by solid research. Once ADA swap becomes active, things will change for Cardano, and it will give every competitor out there a run for their money.

Binance Coin BNB

BNB is the native token of Binance, which is one of the biggest and most reliable crypto exchanges in the world. BNB is also considered an Ethereum competitor, and unlike ADA, its smart contracts are already up and running.

BNB has done over a 10x since the beginning of 2021 and doesn’t appear to be stopping anytime soon. With a token burn scheduled at the end of April and the quick adoption of the Binance smart chain (BSC), BNB is ready to spike even further.

Binance BNB is currently valued at $521 and is expected to do another 5x to 10x by the end of the year.

This article does not necessarily reflect the opinions of the editors or the managment of EconoTimes