Top 5 Cryptocurrencies Worth Your Attention In 2021

2020 was a rejuvenating year for crypto markets, with robust growth and resilience in the face of upheaval. The lion’s share of trading in digital assets went to Bitcoin and Ether, but altcoins are nonetheless attracting more and more traders’ attention. When the price of Bitcoin surpassed $50,000, it became too “hefty” for traders and investors. In 2021, the crypto market is seeing drastically higher demand for alternative digital assets, one reason being the boom in the decentralized finance (DeFi) sector. So even though most trading is focused on Bitcoin and Ether, altcoins are becoming an integral part of traders’ strategy for cryptocurrency platforms.

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The only problem is choosing tokens from the vast selection. Which altcoins will have enough movement and offer liquid trading markets?

“We’re constantly tracking user interest in particular cryptocurrency pairings,” he told us. “Our analysis of trading volumes on our platform between January and May showed that the top 5 most promising digital assets were the altcoins Ripple (XRP-X), Cardano (ADA-X), Uniswap (UNI-X), Zilliqa (ZIL-X), and TRON (TRX-X).”

Ripple

For a long time, Ripple was among the top 5 cryptocurrencies by market cap, but in December of last year XRP prices suffered significantly from the SEC lawsuit against Ripple’s management. The Ripple price in USD dropped sharply, and the coin quickly lost its market cap standing. Since the beginning of the year, though, the USD price has bounced back by nearly 600%. “The uptick in interest toward Ripple was also reflected in the trading volume, which grew by 110% on our platform in May as compared with March,” Mazur notes. “The uncertainty around the outcome of the standoff with the SEC is a source of risk for the XRP to USD pair. Yet that exact risk underpins the coin’s volatility, and attentive traders can take advantage of that volatility to profit in the short term.”

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