Although Bitcoin has been through a boom and bust multiple times, it has generally been a great investment. Bitcoin has reached lifetime returns of as much as 80,000,000 percent in 2021. However, Elon Musk’s recent decision not to accept Bitcoin as payment at Tesla has sent investors looking for the next big crypto opportunity.
With thousands of choices, identifying the best coins for investment in 2021 can be challenging. The broad variety offers almost limitless opportunities from blue-chip cryptocurrencies like Bitcoin to meme coins like Dogecoin and StopElon.
Best coins for investment in 2021
Bitcoin and Ethereum or Ether are the best-known cryptocurrencies. There isn't any doubt that they deserve applause looking at their blockbuster returns on investment. However, they aren't the only options. For investors looking for altcoins with the best prospects to thrive in 2021 and beyond, here's a list you should watch:
- Yearn Finance (YFI)
- Munch token (MUNCH)
- Ripple (XRP)
- SushiSwap (SUSHI)
- Dogecoin (DOGE)
Yearn Finance (YFI) price prediction and why investment looks good now
Yearn Finance is a DeFi project based on the Ethereum blockchain. The platform lets people make money through lending and trading cryptocurrencies. Its token YFI is used by the community to vote on platform changes.
YFI coin’s supply is capped at 36,666 tokens, which makes it one of the scantiest and hotly demanded altcoins. In addition to the small supply, the Yearn Finance buys back the token from time to time, which increases its scarcity. YFI trades at about $53,000 currently and has an all-time high of $93,000. Price projections show that YFI will reach $100,000 in 2021 and hit $380,000 in 2025.
Munch token (MUNCH) lets you earn dividends and support charities.
Munch crypto launched in April 2021 and trades for less than a cent. You would be wrong to dismiss the crypto because of its modest price. The team behind Munch has come up with a business model that can make you rich and happy.
For every transaction that happens on the Munch DeFi platform, a 10 percent fee is charged. The team takes half of that fee and distributes it to the Munch community or those holding MUNCH token. The other half is donated to charity causes picked by the community.
The project raised more than $2 million in its first month. The outlook for the Munch token's price is bullish. Some predictions show that it will rise 70 percent in 2021 and gain 8,500 percent by 2025.
Ripple IPO could deliver huge boost to XRP token
XRP is among the most popular altcoins. XRP has underperformed many of its peers in 2021 as its parent Ripple faces an SEC probe. XRP is the crypto token for the Ripple platform that helps banks facilitate fast international payments.
The Ripple-SEC settlement is expected soon and that should lift the pressure that has kept XRP crypto down. Also, Ripple is rumored to be planning a Coinbase-style IPO after the SEC settlement, which could be a major boost to the token’s price. There have been talks about Ripple possibly partnering with Apple on a payment program fans have dubbed Rapple. A deal with Apple could increase the demand for XRP and push up the price.
SushiSwap (SUSHI) price prediction and good investment opportunity
SushiSwap is a DeFi exchange on the Ethereum blockchain. Its main competitor is Uniswap (UNI). The SUSHI crypto is used to reward SushiSwap liquidity providers and vote on platform improvement issues. As the popularity of DeFi products grows, SUSHI should see increasing demand.
SushiSwap crypto currently trades under $20 but price predictions show that it could reach $100 in 2021. SUSHI has been identified as undervalued among DeFi exchange tokens.
Is Dogecoin the best meme coin to buy now?
The question about whether Dogecoin is a good investment comes up all the time. Dogecoin has proven to be an internet joke that crypto investors shouldn’t joke with. Although it has pulled back sharply from its all-time high, few altcoins worth mentioning can rival Dogecoin's 10,000 percent returns YTD.
Despite facing competition from meme crypto Shiba Inu (SHIB) coin and an attempt to silence its major promoter Elon Musk with StopElon coin, DOGE's price outlook remains optimistic. Between endorsement by public figures and more merchants accepting it as payment, Dogecoin seems to have many catalysts to keep rising. Dogecoin should be on your list of the best coins for investment in 2021.