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Are you planning to invest in cryptocurrencies this year? Choosing the most profitable coin out of 1000 cryptocurrencies is not an easy thing to do. Let’s have a look at coins that have already made a huge profit last year and continue surprising our investors.
Bitcoin has seen a massive gain since January 1, as its price soared from $7,195 to as high as $28,768, gaining almost 400% within a year.
In fact, if we measure the crypto asset’s 2020 bottom on March 12, otherwise known as “Black Thursday” at $3,600 per bitcoin, it has gained a colossal 799% by the end of 2020 and 988% by February 5, 2021.
2020 has shown an unbelievable bitcoin’s price increase, and if you bought the dip and held an asset for one year, you would have made whopping returns. Undoubtedly, Its influence, demand and mass adoption are expected to go up in the coming years.
Ethereum price performed strongly throughout 2020, despite its recent stagnant phase against Bitcoin. January started at $128 across the major crypto exchanges and at its peak crossed $748 on December 30, gaining 548% within a year.
From the 2020’s bottom at $110, Ethereum has gained 680% by the end of 2020 and 1400% by February 5, 2021 hitting an all-time high some days ago.
The Ethereum ecosystem has finally spread its wings and made significant progress in infrastructure growth. The long-awaited launch of Ethereum 2.0 was an important step towards its price reaction and migrating to a proof-of-stake blockchain.
XRP showed the lowest growth compared to other top cryptocurrencies, 12-month jump from $0.19 to $0.61 by XRP, has gained just 301%.
We should consider the fact that XRP hasn’t recovered from the crypto bear market at the same rate as other popular tokens. It would be reasonable to note that XRP could reach $1.00 over the next year and if the industry adopts it as a clearance and savings token, the price may go much higher.
One major hurdle that Ripple is preparing to overcome is the lack of US regulations and ongoing issues over the legal status of XRP.
If you’re trying to make some profit by trading XRP then you should think about automating your strategy. The cryptocurrency market is characterized by high volatility and sudden price changes. Al Price Predictions tool helps to enhance trading activity by gaining solid knowledge on price action, and therefore increasing chances of entering a winning trade.
LINK was holding down the 20th largest market cap position and was trading at $1.81. Today, LINK is up 629% at a $13.20 price per coin, and Chainlink has captured the seventh largest position.
Chainlink has been recognized by the World Economic Forum and named in 100 most promising Technology Pioneers of 2020.
Towards the end of 2020, Chainlink was seeing a new integration of its decentralized oracle technology almost every day, from regulated finance operators such as Nexo to wallets such as crypto.com, as well as countless Decentralized Finance (DeFi) projects. Over 300 projects have integrated into Chainlink. Thus, LINK growth is not surprising at all.
In 2020, ADA was trading at $0.03 per coin and it has since jumped by 400% to $0.15. Out of the top ten coin market caps, ADA also performed spectacular growth on the crypto market.
Of course, a number of lesser-known tokens saw some super large gains in 2020, and a few dozen outpaced some of the top ten performers by a long shot.
For instance, the data shows that during the last 12 months against the USD, smARTOFGIVING (ADG) jumped over 11,778%. Following list includes tokens like CrowdWiz (WIZ 11,011%), Kusama (KSM 9,416%), Voyager Token (VGX 9,398%), and Bitpark Coin (BPC 6,342%).
Many crypto experts and professional traders think that investing in any of these cryptocurrencies has the potential to turn into a great success story in 2021. Keep in mind that investing is always a risky process and it’s not something to be rushed.
Be patient, analyze daily price movements, and keep your coins in one of the most secure Crypterium Wallet, which offers bank-grade protection to ensure your funds are always safe and secure.