This year appears to be a breakout year for the crypto market. There are so many new projects, features, and platforms to consider when deciding on the best investment strategy. Savvy investors understand that not every project is worth your time. To find the real gems, you need to understand what role the project plays in the market.
These cryptocurrencies have all the hype and technology to drive innovation in the sector to new heights. As such, they continue to represent a wise investment for those seeking linear growth out of their crypto portfolio. Here are some of the top cryptocurrency projects to watch out for in 2021.
On the top of the list is DASH. This open-source protocol has earned a reputation as a reliable Bitcoin alternative. This coin includes some unique features that make it stand out amongst the competition. The network utilizes a combination of standard miners, MasterNodes, and proprietary tech to provide users with near-instantaneous transactions and other UX-enhancing features.
The DASH community is run by a decentralized autonomous organization (DAO). DAOs are blockchain-based smart contract platforms that enable a community to steer the development of a project based on community consensus. The DASH DAO has helped the network to expand to new heights and create multiple support communities in the market including the Dash Core Group, Inc. (DCG).
Impressively, the DAO also has a say over how the network’s mining rewards are spent. Specifically, 10% of all funding received from mining efforts gets reinvested back into the Dash ecosystem. This approach has helped DASH remain a top contender in the market because the innovative community continues to drive for more development, integrations, and other improvements.
One such improvement that is sure to raise eyebrows across the crypto community is DASHPAY. This system allows users to select a network ID, such as a nickname. The new system allows you to utilize this ID to send and receive payments rather than the traditionally long and nearly impossible to remember crypto addresses used by the competition.
DIVI is another exciting crypto to watch in 2021. The DIVI network officially launched in the Q2 of 2017. The network's crowdsale lasted from August 27 to November 24, 2017, and helped the community gain notoriety in the market. On September 27, 2018, the official DIVI blockchain was launched.
The goal of DIVI is to provide alternatives to how investors manage and earn using MasterNode solutions in the market. DIVI improves on many traditional crypto wallet features and makes managing nodes easier than ever. As part of this strategy, developers introduced a proprietary multi-tiered MasterNode system. Specifically, DIVI users can become diamond, platinum, gold, silver, or copper Masternodes.
DIVI's strategy is so effective because it gamifies the Proof-of-Stake consensus mechanism in a way that appeals to many demographics and technical levels. Users who are new to cryptocurrencies can join DIVI and easily manage a MasterNode. Unlike DASH or Bitcoin, there is no issuance limit on DIVI. Instead, the governance mechanism allows MasterNodes to vote on new token issuances.
zCASH is a privacy-focused cryptocurrency that is worth taking a look at in 2021. This coin provides users with the ability to make anonymous transactions in a peer-to-peer manner. zCASH continues to attract new investors due to its decentralization, capped supply, privacy options, and fungibility.
The network introduces a new technology known as Zero-knowledge proofs to encrypt all the information. This system can send and receive transactions without binding coins to the chain history. In this way, zCASH is one of the only truly fungible coins available today.
This 4th-gen crypto can process transactions much quicker than Bitcoin. Consequently, it’s far more scalable. Like Bitcoin, there is only 21 million zCASH available over the life of the project. Best of all, the network employed a peer-reviewed scientific approach to developing its technologies. This strategy helped the coin to earn a reputation as a stable and secure alternative to Bitcoin.
Monero is one of the most popular privacy coins available today. The network has been a popular option for users since 2014. At that time, the coin went by a different name - BitMonero. Eventually, the Bit was dropped and the coin achieved its current name.
Monero was a game-changer when it entered the market. The network introduced three different technologies to create a truly private cryptocurrency. Notably, Monero's protocols hide the sender, receiver, and the amount transferred automatically. There is no way to accidentally send a public transaction using this network. As such, it’s considered one of the most private coins available today.
Monero is extremely scalable. The network has no pre-set blocksize limit. Developers can adjust the blocksize to meet the needs of the community. This demand-based approach provides the network with excellent transaction throughput. On average, Monero transactions complete in around 2 minutes.
Chainlink is another project that is sure to see growth this year. The concept of the platform is to create a blockchain of oracles. Oracles are off-chain sensors that can communicate information to-and-from a blockchain network. As such, oracles hold a vital role in many popular crypto platforms at this time.
The market embraced Chainlink immediately because it helped to solve the "Oracle Problem." This term refers to the fact that most oracles are centralized sensors. Chainlink eliminates centralization through the introduction of a decentralized oracle blockchain. This strategy provides more inputs and redundancy within these networks.
Chainlink is already seeing heavy adoption by traders and other developers. The network is a critical component of many of the emerging DeFi platforms in use today. One of the most common uses for Chainlink oracles is to register and display crypto prices in real-time to networks and users. These prices are used to determine whether or not to call in the collateral used by DeFi decentralized loan borrowers.
Don’t Miss the Wave This Year
Now that everyone is talking about cryptocurrencies, it may seem like you’re behind the curve. However, the reality is that you are still far ahead of most investors. Sticking to these well-known projects could be exactly what you need to drive your ROIs to new heights in 2021.