The crypto market is extremely volatile, and cryptocurrencies that make it big can become shitcoins not a week later. However, some of those crypto coins and tokens manage to stay on top. Regardless of where they end up after their trip to the moon, cheap cryptocurrencies that have a chance to explode are what many crypto investors are looking for.
Whether you want to find the next cryptocurrency to explode in 2021 or just want to diversify your portfolio with some extremely high risk, high reward digital assets, the cryptocurrencies on this list will be perfect for you!
Best Cryptocurrency to Invest in 2021 for Long Term
Penny cryptocurrencies are ones that have a price of under $1. They are extremely cheap, and sometimes cost less than a literal penny. However, despite their low price, some of them have incredible growth potential, which attracts many investors.
Always do your research before investing in any digital asset and check whether it’s been listed on reputable crypto exchanges.
Some penny cryptocurrencies can already be considered the next big thing – after all, it’s not the price that determines the true value of a crypto coin or token, but market capitalization and many penny cryptocurrencies have a rather high market cap.
However, most cheap cryptos have room to grow in terms of market cap and are still waiting for their chance to explode. But don’t invest in just any penny cryptocurrency – some of them may turn out to be nothing more than shitcoins. Always do your research before investing in any digital asset and check whether it’s been listed on reputable crypto exchanges.
Below we have listed some of the cheap digital currencies that we think are likely to be the next cryptocurrency to explode. Have a look!
1. SAFEMOON (SafeMoon)
Name: SafeMoon
Ticker: SAFEMOON
Website: safemoon.net
CoinMarketCap ranking (as of 9/8/21): #210
SafeMoon blockchain protocol is a DeFi token that has 3 functions that take place during each trade: Reflection, LP Acquisition, and Burn. This token was launched in May 2021 and is still very young. Its price has dropped after an initially strong start, but SAFEMOON has a solid market cap.
Moreover, this digital token gained over 2 million holders in just a couple of months – a very impressive number that means there are a lot of people interested in this crypto, which is always a good sign. SAFEMOON has a chance to be the next cryptocurrency to explode.
One downside (or upside, depending on how you look at it) this coin has is the fact that it has a selling fee – every holder that sells their SAFEMOON tokens will have to pay an extra 10%.
2. OXEN (Oxen)
Name: Oxen
Ticker: OXEN
Website: oxen.io
CoinMarketCap ranking (as of 9/8/21): #499
Oxen (formerly known as LOKI) is a fairly small cryptocurrency that (at the moment of writing this article) has a daily trading volume of less than $100,000. Despite that, many crypto investors have their eyes on this token.
OXEN is a private cryptocurrency with instant transactions that are protected by a proof-of-stake consensus protocol. The project’s goal is to enable truly private communication and transactions for users from all across the world.
Oxen is a non-mainstream cryptocurrency that has everything potentially successful crypto needs: a solid technical foundation, a great idea behind it, and an ambitious and driven team managing and developing it. Although at the moment it has the lowest market cap out of all the crypto assets on this list, it has all the chances to be the next cryptocurrency to explode.
3. VET (VeChain)
Name: VeChain
Ticker: VET
Website: vechain.org
CoinMarketCap ranking (as of 9/8/21): #22
VET is one of the two in-house tokens of VeChain, a blockchain-powered supply chain platform. The VeChain project has quite ambitious goals, aiming to solve the major issues the supply chain industry suffers from with the use of an ecosystem created using distributed governance and the Internet of Things (IoT) technology.
The supply chain industry has suffered quite a lot in 2021, and blockchain technology may provide the solutions needed to revitalize it. VeChain’s experience and established reputation can help it to pull ahead of the competition. Not to mention, the efficiency, traceability, transparency, and the reduced cost VeChain can provide are all extremely valuable. If this project manages to become a major player in the supply chain industry, its native token VET can rise in price quite significantly.
Of course, this is just our prediction – but there’s no denying that VeChain is an interesting project with a high market cap that still has a lot to offer.
Get VeChain (VET) on Changelly.
4. XLM (Stellar)
Name: Stellar
Ticker: XLM
Website: stellar.org
CoinMarketCap ranking (as of 9/8/21): #20
Stellar is an open network that allows users to move and store money in a highly efficient way. Stellar has the highest market cap out of all the crypto coins and tokens on this list.
Just like Bitcoin and Ethereum, XLM, Stellar’s native token, is a very viable option for payments – its network can process anywhere from 1 to 5 thousand transactions per second. Additionally, it has extremely low fees, with each transaction costing exactly 0.00001 XLM.
Thanks to its in-built KYC functionality, Stellar is an incredibly secure digital token and cannot be used in money laundering. This means that it is more likely to be favored by regulators, which, together with the other functions XLM provides, makes this cryptocurrency a good long-term investment.
Get Stellar (XLM) on Changelly.
5. REEF (REEF Finance)
Name: REEF Finance
Ticker: REEF
Website: reef.finance
CoinMarketCap ranking (as of 9/8/21): #164
REEF Finance is a DeFi project created on Polkadot that aims to solve the issue of interoperability that plagues the crypto and the decentralized finance industry. This project is attempting to build a single platform that will combine all the various DeFi applications in one place.
REEF Finance’s yield engine and smart liquidity aggregator allow the platform to quickly and easily integrate other DeFi protocols. Having been created on Polkadot, REEF Finance shares its security model.
REEF Finance already has many partners and is establishing its place in the industry. Its digital token REEF has all the chances to be the next cryptocurrency to explode.
6. HBAR (Hedera Hashgraph)
Name: Hedera Hashgraph
Ticker: HBAR
Website: hedera.com
CoinMarketCap ranking (as of 9/8/21): #54
Hedera Hashgraph is often called a “trust layer of the Internet”. It is a public network that lets businesses and individuals build decentralized applications (DApps). It was designed to solve some issues old cryptos like the Bitcoin or Ethereum blockchain face, such as slow performance or instability. The hashgraph consensus is extremely efficient and has a throughput of over 10,000 transactions per second.
Hedera Hashgraph is not exactly a newcomer to the crypto world – it was launched back in 2019. However, it is a prime example of a crypto that has all the chances to be the next cryptocurrency to explode in 2021.
HBAR, the platform’s native cryptocurrency, has a dual role on the network. Firstly, this digital currency fuels Hedera Hashgraph’s various services like smart contracts or file storage. Secondly, it helps to secure the platform, as HBAR holders can stake their tokens to maintain the integrity of the platform.
Hedera Hashgraph has excellent utility, a solid technical foundation, a rather high market capitalization, and is governed by a council of up to 39 leading global enterprises. All these things combined make it a very promising cryptocurrency.
Get Hedera Hashgraph (HBAR) on Changelly.
7. AKRO (Akropolis)
Name: Akropolis
Ticker: AKRO
Website: akropolis.io
CoinMarketCap ranking (as of 9/8/21): #372
Akropolis is an Ethereum-based decentralized finance (DeFi) protocol that aims to provide users with an autonomous ecosystem for growing and saving wealth. It offers a wide range of products, including Delphi, a yield farming aggregator, AkropolisOS, a framework for developing for-profit decentralized autonomous organizations, and Sparta, a platform for uncollateralized lending.
AKRO is an ERC-20 token that is used for network governance across all of Akropolis products.
Experts over at Wallet Investor consider AKRO to be a good long-term investment, predicting that the price of this digital currency will double in value in just one year. Considering AKRO is a governance token of a very promising platform, it does have the potential to be the next crypto to explode.
8. MANA (Decentraland)
Name: Decentraland
Ticker: MANA
Website: decentraland.org
CoinMarketCap ranking (as of 9/8/21): #70
Decentraland is an Ethereum-powered virtual reality platform. It allows users to buy plots of land where they can build and monetize content and applications in a quick and easy way. Other users can visit those plots of land, experiencing and enjoying the content others have created. Although the platform has only been officially launched in 2020, it has already been used to create a bunch of games, 3D scenes, and other interactive experiences.
MANA is one of the two tokens used by the Decentraland platform. It is an ERC-20 token that must be burned to obtain ERC-721 LAND tokens. Additionally, MANA can be used to pay for avatars, names, and many other similar things on the Decentraland marketplace.
This penny cryptocurrency is one of the best altcoins to invest in 2021. Experts are bullish on it, and it is backed by a solid innovative project that has the potential to make it big.
Get Decentraland (MANA) on Changelly.
9. ONE (Harmony)
Name: Harmony
Ticker: ONE
Website: harmony.one
CoinMarketCap ranking (as of 9/8/21): #88
Harmony is a blockchain platform that was designed to facilitate the creation and use of DApps – decentralized applications. This project aims to revolutionize the block creation process by focusing on random state sharding that significantly reduces node validation times.
Nodes and validators on the Harmony network are assigned and re-assigned in a randomized manner, which secures the validation process and ensures node protection. According to Harmony’s website, the project is planning to introduce cross-shard contracts and a cross-chain infrastructure by the end of 2021.
Harmony is a well-connected project with ambitious plans for the future. It, and its token ONE, have good long-term prospects. ONE is definitely on our “altcoins to watch” list.
Get Harmony (ONE) on Changelly.
10. POLY (Polymath)
Name: Polymath
Ticker: POLY
Website: polymath.network
CoinMarketCap ranking (as of 9/8/21): #184
Polymath is a decentralized Ethereum project. Its main goal is to facilitate easier creation and management of security tokens. Polymath’s ST-20 standard lets users embed regulatory requirements into the tokens themselves to restrict trading to verified participants. Over 220 tokens have already been created on the Polymath platform. You can find them here.
Polymath was deployed on the Ethereum mainnet in January 2018. In its three years on the crypto market, the platform has managed to attract a lot of partners and thousands of users, establishing itself as a promising crypto project.
POLY is the platform’s utility token that is used to access the suite of smart contracts that are needed to create ST-20 tokens. It is one of the altcoins that is most likely to explode in 2021.
Get Polymath (POLY) on Changelly.
11. ZIL (Zilliqa)
Name: Zilliqa
Ticker: ZIL
Website: zilliqa.com
CoinMarketCap ranking (as of 9/8/21): #79
Zilliqa is a public permissionless blockchain that was designed to offer extremely high throughput and can complete thousands of transactions per second. Using sharding as a second-layer scaling solution, this project aims to solve the age-old issue the crypto industry suffers from – scalability.
Zilliqa can be used to create DApps, and it has also introduced staking and yield farming back in 2020. The platform’s native utility token, ZIL, is used to execute smart contracts and process transactions on the network.
Zilliqa has very ambitious plans. It aims to become the network of choice for large-scale enterprise use in gaming, advertising, and many other industries. Its team has listed Visa and Mastercard as Zilliqa’s potential competition. It has all the chances to be the next cryptocurrency to explode.
Get Zilliqa (ZIL) on Changelly.
Where to Invest in Rising Cryptocurrencies
There are quite a few crypto exchanges that allow you to get these and other rising cryptocurrencies. Platforms like Binance or Coinbase always make sure to list the latest trending crypto coins and tokens ASAP so that users can get them before they shoot for the moon.
If you’re looking for an intuitive, beginner-friendly cryptocurrency exchange where you could get all the latest trending cryptocurrencies, try out Changelly!
- Our instant crypto exchange platform lets you get 200+ coins and tokens at great fixed and floating rates in a quick and easy way
- Changelly Buy, our fiat-to-crypto marketplace, allows you to buy dozens of crypto assets with 60+ fiat currencies
- Changelly PRO, our full-featured trading platform, can help you to ease yourself into the world of crypto trading
We always make sure to list all the best new cryptocurrencies on all of our platforms! Follow us on Twitter (PRO) to stay up to date on all the listing news. If you prefer to get crypto on the go, we also have an easy-to-use yet powerful mobile app. (Android, iOS)
FAQ
What is the next best cryptocurrency?
There’s no such thing as the “best crypto”. The notion is highly subjective, and a lot depends on what that cryptocurrency will be used for. There’s little point in comparing Bitcoin with various DeFi tokens, for example.
It’s near impossible to predict which cryptocurrency is going to make it big next. For now, Bitcoin and Ethereum remain the best cryptos for long-term investment – however, again, they may not be the best if they don’t fit your investment goals.
To find out what your personal next best cryptocurrency is, understand what your investment goals are and clearly establish a trading strategy. Then, research the crypto market, watch the crypto space, and find the cryptocurrency that you think will both make it big and suit you as an investor.
What crypto will explode in 2021?
The cryptocurrency market is too unpredictable for us to be able to answer this question with 100% certainty. It is pretty much impossible to say what will be the next cryptocurrency to explode in 2021. However, Ethereum seems to be in a really good spot right now, and its price has a good chance to rise later this year.
One good way of knowing what the next cryptocurrency to explode will be is to keep watch on a good crypto exchange or news aggregator. The teams working on such platforms usually watch the crypto space very closely and are always on the lookout for the next Bitcoin.
Disclaimer: Please note that the contents of this article are not financial advice. This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
The post What Will Be the Next Cryptocurrency to Explode in 2021? appeared first on Cryptocurrency News & Trading Tips – Crypto Blog by Changelly.
* This article was originally published here
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