Who of you wants to get rich by investing in cryptocurrencies in 2021? I assume most of you and indeed, the year 2021 is full of opportunities for cryptocurrency investors. Altcoins still have the potential to 100x your wealth.
The cryptocurrency market can be divided into different sectors and some sectors will be more profitable than others. In this post, I am going to highlight the three hottest sectors in 2021. These are the sectors that I am focusing on in 2021.
Bitcoin is pumping like crazy these days and it is still a good choice in 2021 but the truth is that you won`t see a 100x with Bitcoin because a 100x in Bitcoin would require a market capitalization of 32 trillion dollars. This is the result when you multiply the current price of Bitcoin by 100 and by the total supply. Now 32 trillion dollars is one-third of the entire global money supply. It is highly unlikely that this will happen in any reasonable time frame. This means that we won`t see a 100x in Bitcoin.
The good news is that there are still altcoins and with altcoins, it is still possible to 100x your wealth during a bull run. If you buy the right altcoins, then you still can make life-changing money. 😎
No. 1 Decentralized Finance
Do you think that the days of DeFi are over? Well, I definitely don`t. DeFi has crossed incredible milestones in 2020 and I still believe that DeFi altcoins are having huge potential in 2021. The innovation that is happening in this sector is simply incredible.
There are some really nice DeFi picks out there like Kava, Compound, or Synthetix, just to name a few. I have already covered my TOP DeFi altcoins in one of my previous posts: TOP 5 Decentralized DEX & DeFi Altcoins Primed For Gains
I am also a huge fan of Decentralized Oracles like Chainlink, BAND Protocol, or DIA. The thing is that when you talk about Decentralized Finance, you also have to talk about Oracles because all DeFi applications need price data feeds from Oracles to run their services.
Chainlink is definitely the top dog among the oracles but I am pretty enthusiastic about the smaller ones. I have also written a post about the potential of oracles that you might want to check out here: TOP 5 Decentralized Oracle Projects 2021
Another interesting DeFi project that is not running on the Ethereum blockchain is DeFiChain ($DFI).
DeFiChain is a decentralized blockchain platform dedicated to only enable decentralized financial services. Its op codes only allow run decentralized finance dapps. This ensures that only financial transactions are possible.
The point is that DeFiChain was created especially for DeFi Services and applications. At the same time, DeFiCain provides the optimal infrastructure for security, speed, and access. It is not a general-purpose platform like Ethereum. It is designed for Decentralized Finance.
The clue is that DeFiChain is not built on Ethereum like many others. It is built on Bitcoin as a software fork. It is anchored to the Bitcoin blockchain.
At the moment, you can get a bonus of $30 in $DFI when you register on CakeDeFi´s website and fully verify your account (KYC).
Make your first deposit and you will receive a bonus of $20 worth of $DFI. There is no minimum deposit to receive your bonus, even one single Satoshi is enough! Please note, that this bonus will be locked up and staked for 180 days. The good news is that the locked up bonus automatically yields staking returns during this time. These staking rewards will be added on top of the bonus and can be withdrawn after the lock-up period has ended.
If you use a referral code (528168) for signing up, you and your referrer will receive an extra $10 worth of $DFI, which will also be locked and staked. This makes a juicy bonus of $30 in $DFI in total.
No. 2 NFTs
Another promising altcoin sector in 2021 seems to be the world of Non-Fungible Tokens, so-called NFTs. These are unique digital assets with an enormous potential for growth in 2021. NFTs are really needed in different branches like in the gaming or art sector. This trend has just started and will continue this year. NFTs are already being sold for tens or even hundreds of thousands of dollars.
One of the hottest NFT projects on my list for 2021 is Terra Virtua. This is a fully interactive Virtual Reality platform working together with big brands of the industry like Paramount and Legendary.
Terra Virtua is bringing NFTs to the next level with franchises like Batman or the Avengers. $TVK is definitely something to keep an eye on in 2021.
No. 3 Smart Contract Platforms
The third hot trend in 2021 in my opinion are Smart Contract Platforms like Ethereum. I am still a
Decentralization is not only happening on the Ethereum blockchain. A huge part of decentralization is taking place outside the Ethereum blockchain, for example in the still quite young Polkadot ecosystem.
Polkadot is actually one of the hottest things happening in the crypto market right now. Some even say that Polkadot is the most important cryptocurrency since Ethereum. It has already reached market cap rank #6 and yesterday, it even had a higher market capitalization than Ethereum
Polkadot was designed to resolve the scalability and interoperability issue that can be observed on the Ethereum blockchain right now. The interoperability with other blockchains is the main focus of Polkadot.
Two other big upcoming competitors for Ethereum besides Polkadot are Binance Smart Chain and Cardano. Smart contracts are going to be implemented on the Cardano blockchain in just a few months from now.
When you have an account on Binance exchange, you can frequently farm different tokens based on the average daily BNB balance that you hold in your account. If you manage to farm some new tokens from the Binance Smart Chain, the Polkadot Ecosystem like Reef Finance on the Binance Launchpad, then just HODL them. 😉
My Final Words
Only altcoins have the potential to 100x your wealth in 2021. You won`t see a 100x with Bitcoin in any reasonable timeframe.
Decentralized Finance, Smart Contract Platforms, and NFTs are in my opinion the hottest and most promising sectors for altcoin investments in 2021 but these are just my two Gwei for the day.
However, please keep in mind that investing in altcoins is also very risky and that you can also lose a lot of money. That`s why it is so important to diversify your investments. Don`t carry all your eggs in one basket, instead carry only as much as you are also willing to lose.
At the end of my post, I also like to remind you that my intention in this post is to raise your awareness of the potential of altcoins and not to replace your own research. The thing is that I may look smart on my profile pic but I am not your financial sensei. 🤓
I hope I could provide you with some interesting and useful information about the hottest trends in the cryptocurrency markets in 2021.
Now, what do you think, what altcoin sectors have the potential to 100x your wealth? It would be awesome if you would let me know in the comments!
Thank you guys as always for reading, liking, following, and tipping 👍
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