HomeStartupsCrypto Assets to Shine in 2021 Innovations Crypto Assets to Shine in 2021 The market capitalization of all crypto-assets is $730Billion. Analysts have predicted that it will surpass the trillion-dollar mark. Bitcoin (BTC) which is the principal of crypto-assets has risen above $34,000; it had a bullish peak of $42,000. Crypto assets are the future of money, the world richest man Elon Musk tweeted about crypto-assets and it went from $32,000 and rose to $37,050. The rise happened in less than 15minutes of his tweet and before it dipped from $34,000 to $32,000. This is the year of Altcoin which is alternative to Bitcoin (BTC) and it refers to all crypto currencies launched since Bitcoin’s success. There are over 900 Altcoins that has been created since Bitcoin’s launch. Major among these Altcoins is Polkadot (DOT), Monero (XMR), Cardano (ADA), Aave (AAVE), Cosmos (ATOM), and EOS (EOS). These crypto assets shall bring delights to investors in 2021. Though the volatility of crypto assets should not be underestimated but a risk neutral investor with knowledge and wisdom of crypto market will always enjoy the bullish run of crypto assets. 2021 is the year of crypto assets; more platforms shall support and accept it because it is the future of money. PisonTechAfrica.com’s prediction is based on the trend and detailed research of the crypto assets market. These six crypto assets shall dominate the crypto assets market in 2021. Polkadot (DOT) September 2020 Polkadot (DOT) was above $4 and it rose to $17.05 high on January 2021. Polkadot is an open-source project founded by the web3 Foundation. It enables cross-block-chain transfer of any type of data or assets. Connecting to Polkadot gives you the ability to interoperate with a wide range of block chains in the Polkadot network. It creates a custom block chain in minutes using the Substrate framework. The ease of development and security helps Polkadot’s network grow. Monero (XMR) Like all other crypto assets the start date was 2014 and it has grown to $138 high January 2021. It also an open source crypto assets that focus on privacy and decentralization. It was coined under the name of BitMonero and later changed to Monero(XMR). Not too long ago, the CEO of Ripple predicted that 99% of crypto currencies will go to zero in the future. Listed on the site of CoinMarketCap are 4800 cryptocurrencies and 1% of these assets will survive the future which Monero is one of them. Cardano (ADA) Cardano start date was October 1st 2017. Presently it trades $0.343, large number of partners support Cardano’s long term future. Created as an alternative to Ethereum, it is the first peer- reviewed decentralized block chain protocol utilizing a scientific approach. The Cardano blockchain allows people to build smart contracts creating decentralized applications and protocols. It instantly sends and receives funds with minimal fees. Aave (AAVE) Aaave (AAVE) price today is $312.16. It is a decentralized finance protocol that allows people to lend and borrow crypto. Lenders earn interest by depositing digital assets into special liquidity pools. Borrowers can use their crypto as collateral to take out a flash loan using the asset as liquidity. It was launched in November 2017, it has high usability because it allows people to borrow and lend in about 20 crypto currencies making users have greater possibility of choice. Cosmos (ATOM) The price of Cosmo (ATOM) is $8.21. Cosmos is a decentralized network of independent parallel blockchain each powered by BFT consensus algorithm like Tendermint consensus. It is an ecosystem of blockchains that can scale and interoperate with each other. EOS (EOS) EOS (EOS) current price is $2.56. It is a crypto asset that supports large-scale applications. There are no fees to send or receive EOS. The protocol rewards the investors that run the network with new EOS exchanging inflation for transaction fees. The future is crypto currency. Support PisonTechAfrica.com For inspiring tech content and articles, PisonTechAfrica.com is the platform to go. Great content takes a lot of resources; we are poised to motivate young start-ups and give them leverage with our platform. It is a platform for inspiring tech entrepreneurs to display their talents. Africa is the next big thing for technology. PisonTechAfrica.com is the tech media platform committed to positioning Africa in the Fourth Industrial Revolution. Donate Oluwagbenga Oyebanji Share This Previous ArticleTop Nigeria Tech Companies in 2020 Next ArticleSAMSUNG GALAXY S21 ULTRA 5G. January 31, 2021
