Top 7 Cryptocurrencies that Gained More than 100% in 2021

Cryptocurrencies

Check out the top 7 cryptocurrencies whose value has increased more than 100% in 2021.

Every investor today thinks of cryptocurrencies because of their volatile prices. Bitcoin is the first coin that comes to our mind when talking about crypto but a true investor will know the value of other cryptos as well. It’s not only bitcoin but other cryptocurrencies as well that have gained more than 100% in the crypto market. Let’s take a look at the top 7 cryptocurrencies that have gained more than 100% in 2021.

1. Bitcoin (BTC)

Market cap: Over $856 billion

Like most of the other cryptocurrencies, BTC operates on a blockchain, or a ledger logging transactions distributed across a network of thousands of computers. Bitcoin is the most popular and the highest valued crypto in the world, despite all its cons, if you have the funds to invest, buy Bitcoins. There’s no doubt about its growth and it’s a loyal option for many investors globally. Five years ago, you could buy Bitcoin for about $500. As of August 2021, a single Bitcoin’s price was over $45,000. It has gained about 8,900%.

2. Ethereum (ETH)

Market cap: Over $357 billion

After Bitcoin, this is the second most valuable crypto coin in the world. Both a cryptocurrency and a blockchain platform, Ethereum is the first one to introduce NFTs and smart contracts that automatically perform when conditions are met enabling developers to make potential applications based on it. The transaction speed of Ether is also pretty quick compared to Bitcoin.

Ethereum has also experienced tremendous growth. In just five years, its price went from about $11 to over $3,000, increasing roughly more than 27,000%.

3. Binance Coin (BNB)

Market cap: Over $70 billion

The Binance Coin is a form of cryptocurrency that you can use to trade and pay fees on Binance, one of the largest crypto exchange platforms in the world.

Binance Coin has expanded past merely facilitating trades on Binance’s exchange platform. Now, it can be used for trading, payment processing, or even booking travel arrangements. It can also be traded or exchanged for other forms of cryptocurrency, such as Ethereum or Bitcoin. Its price in 2017 was just $0.10; by August 2021, it had risen to over $419, a gain of almost 419,000%.

4. Cardano (ADA)

Market cap: Over $69 billion

Ethereum’s co-founder created Cardano with the ability of smart contracts. Compared to Ether, Cardano has the 3rd most advanced blockchain technology out of the lot, which makes this a secure investment. Cardano is notable for its early acceptance of proof-of-stake validation.

Cardano’s ADA token has had relatively medium growth compared to other major crypto coins. In 2017, ADA’s price was $0.02. As of August 2021, its price was $2.11. This is an increase of over 10,000%.

5. Ripple (XRP)

Market cap: Over $52 billion

Ripple was created with a unique thought in mind, to solve problems related to international payment transfers. Traditionally, international money transfer takes about a week but Ripple can make it happen in a few seconds. Out of all the cryptocurrencies right now, Ripple is one of the few that is being tested for real-world use.

At the beginning of 2017, the price of XRP was $0.006. As of August 2021, its price reached $1.14, equal to a gain of almost 19,000%.

6. Dogecoin (DOGE)

Market cap: Over $40 billion

Dogecoin has been a hot topic since the tweet by a billionaire, Elon Musk. Dogecoin rapidly became a prominent cryptocurrency option, because of the creative memes. Unlike many other cryptos, such as Bitcoin, there is no limit on the number of Dogecoins that can be created, which leaves the currency susceptible to devaluation as supply increases.

Dogecoin’s price in 2017 was $0.0002. By August 2021, its price was at $0.31—a 154,900% increase.

7. Polkadot (DOT)

Market cap: Over $25 billion

Cryptocurrencies may use any number of blockchains; Polkadot aims to integrate them by creating a cryptocurrency network that connects the various blockchains so they can work together. This integration may change how cryptocurrencies are managed and have stimulated magnificent growth since Polkadot’s launch in 2020.

Between September 2020 and August 2021, its price grew 774%, from $2.93 to $25.61.

Source: https://www.analyticsinsight.net/top-7-cryptocurrencies-that-gained-more-than-100-in-2021/

Nexo Unveils Off-Chain Transfer Feature for All Supported Cryptocurrencies | Headlines | News

Nexo, a regulated digital asset entity that “unlocks the power of crypto,” has launched a new off-chain and free transfer service for supported cryptocurrencies.

Off-Chain Transfer Suits Nexo’s Broad Community

As per a press release on August 25, the service is accessible to over two million users. It allows any of the more than ten supported digital assets, including Bitcoin and Ethereum, to be moved without paying fees between Nexo accounts. As per the Product Owner, this solution only fits the platform, keeping in mind their broad client base and “360-degree product suites” on offer.Commenting, Elitsa Taskova, an executive with Nexo, said:

“Off-chain transfers are the way to go for companies with broad communities and 360-degree product suites like ours. Since the Nexo platform is the go-to crypto platform for entire extended families and friend groups, this type of transfer ensures that no matter how high the fees and congested the network, if you want to send funds to your friends or family, you can always do so hassle-free – with zero transfer fees, instantly.”

The feature is available for its mobile and web clients. Nexo has said the service would save its clients the need to transact through third-party services who end up charging high fees. Additionally, since the service is off-chain, clients are saved from shelling unnecessarily high network fees in some networks like Bitcoin and Ethereum.

Nexo Is Moving in Sync with Wider Development for Low-Cost Crypto Transfers

To transfer funds, the user needs first to input the address or scan the QR code. Afterward, Nexo will automatically associate the receiving address with any of its accounts. From there, funds will be quickly transferred to the destination address without network confirmation or being looped via third-party custodians.Nexo has also indicated that though the transfer is classified as a “withdrawal,” its system won’t reduce the number of free monthly crypto withdrawals allocated to their users.The crypto community is increasingly shifting its attention to off-chain solutions to address the need for near-zero or nil transaction fees and instant transactions. Nexo’s off-chain transfer solution mirrors the trajectory of the wider crypto development community towards the realization of such convenient yet secure products.

Source: https://coinmarketcap.com/headlines/news/nexo-off-chain-transfer-feature-cryptocurrencies/

Bitcoin (BTC) Price Prediction: BTC/USD Slumps To $47,500 Low, Resumes Downward Correction

Bitcoin (BTC) Price Prediction – April 26, 2021
On April 23, Bitcoin decline to $47,500 low and resumed fluctuations above the current support. The bulls attempted to push BTC/USD price above the $54,000 resistance but were repelled. Bitcoin is falling because of the recent rejection at the $54,000 high.

Resistance Levels: $65,000, $70,000, $75,000
Support Levels: $50,000, $45,000, $40,000

BTC/USD – Daily Chart

Bitcoin bulls made frantic efforts to push BTC price above the $54,000 resistance but failed. The king coin had earlier fallen to $47,500 low as bulls buy the dips. Failure of the bulls to break the recent high will compel Bitcoin to be range-bound between levels $47,500 and $54,000 price levels. On the upside, if buyers break the resistance at $54,000, Bitcoin will rally to the previous highs. Nonetheless, if price rallies above $58,000 support, Bitcoin will resume upside momentum. Conversely, if the bullish scenario fails, sellers may want to breach the $47,500 support level. However, the market will decline to $43,000 or $41,000 low, if Bitcoin loses the current support. Bitcoin price is falling as it reached the low of $53,293.

Bitcoin (BTC) Indicator Reading
BTC price is in the bearish trend zone as it is below the 21-day and the 50-day SMA. This suggests the possibility of a price fall. Buyers have to push price above the SMAs for the resumption of upside momentum. The Relative Strength Index period 14 has confirmed that Bitcoin is in the bearish trend zone as it is at level 43. The market is below the centerline 50 which means further downsides likely. Bitcoin is above the 80% range of the daily stochastic. It indicates that the coin is in the overbought region and perhaps may fall.

BTC/USD – 4 Hour Chart

Bitcoin is in a downward move as the market is range-bound between level $47,500 and $54,000. The Fibonacci tool analysis will hold if the bears break the $47,500 support. On April 18 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement implies that Bitcoin will fall to level 1.618 Fibonacci extension or the low of $41,764.40

Source: https://insidebitcoins.com/news/bitcoin-btc-price-prediction-btc-usd-slumps-to-47500-low-resumes-downward-correction