ChangeHero’s Best Altcoins 2021

For the last couple of weeks, Bitcoin was the center of attention because of an impressive rally. However, crypto space is not only about Bitcoin — there are thousands of altcoins making up the market, too. In this guide to the best 2021 altcoins, ChangeHero team will explain the merits of the top altcoins and give ideas which ones will be the best altcoins to trade.

What are Altcoins?

Despite there being tons of different projects (not always legitimate!), there are many truly worthy of investing in. Many experts claim that the best cryptocurrency to invest in 2021 is an altcoin, although opinions vary on which one. Some are more fit for long-term investing, and some are more fit for trading. Let’s see first, what is the difference and then check out our suggestions for the best altcoins to trade in 2021.

Why Trade Altcoins?

Secondly, it is still possible to become an early adopter of an altcoin. Bitcoin was launched more than ten years ago and multiplied by thousand times over its history. Lower cap assets tend to fluctuate stronger, so there is a higher risk to reward ratio. Still, we recommend that the best altcoins to invest in 2021 be more established and reliable projects with a reputation. Even the top altcoins can see double-digit growth as high as by 50%, as seen a few days ago:

Source: Quantifycrypto, Cryptopotato

Thirdly, altcoins have various utilities. Some power a platform, some can be used in fiat currencies’ stead. Bitcoin, as it is now, arguably offers storage of value and hedge against inflation. In case of a project’s success, an altcoin can occupy a similar niche. It is still likely that the best 2021 altcoin to invest in hasn’t got into the spotlight yet!

Best Altcoins to Trade in 2021

Ethereum

Source: CoinMarketCap

In 2020, Ethereum outperformed Bitcoin: in comparison to the year’s lowest, Bitcoin is up by 296% but ETH is up by 430%. At the time of writing, 1 ETH is worth $504.89. Since August, it was following the uptrend in Bitcoin without correcting as strongly. In less than a couple of months, it grew well above $300 and even touched $621 when Bitcoin neared $19k.

Ethereum is one of the most promising altcoins right now, and can be the best altcoin to have in 2021. The biggest prospect for it is the launch of ETH 2.0 Phase One. Essentially, it will transition to Proof-of-Stake by the end of the year, which will drastically change the economic model of the platform. After the transition, any holder that owns enough ETH can lock it up in the system and let the stake accumulate passive income.

With that in mind, our Ethereum price prediction is very hopeful: despite the corrections, it has enough momentum to reach a new ATH as soon as this year or in early 2021.

Litecoin

Source: CoinMarketCap

In 2020, Litecoin made a comeback into top altcoins. Currently, it is up 171% from the year’s lowest. During the last 30 days alone, LTC grew by 35%, outperforming Bitcoin in the same time frame (BTC grew by 30%).

The rise in 2020 might have to do with updates and new partnerships. Litecoin Foundation earlier this year announced collaboration with Atari and a few other new partnerships. The community is now closely watching the progress of the Litecoin testnet, where new updates, including the MimbleWimble protocol, are being tested. This update, already dubbed “Litecoin 2.0”, will make the network more scalable and privacy-oriented. The new version has the potential to make LTC one of the best altcoins 2021. MimbleWimble is also supposed to hit mainnet this or early next year, our Litecoin price prediction for 2020 and early 2021 is close to triple-digit numbers.

XRP

Source: CoinMarketCap

Out of all major cap altcoins, XRP looks like the biggest winner from the current market rally. Over 2020, XRP appreciated as high as 338%, and most of its growth happened at the end of the year. The difference between the 7d lowest and highest prices is 134%, meaning at the peak, XRP gained more than twice of its value, and it happened in a few days.

The reasons for this jump in price could be the news of Ripple buybacks and new trademarks. In particular, Ripple labs registered the “Paystring” trademark and described the product in the application as remittance and virtual finance service. The new product can serve as a use case for XRP, so the investors flocked in to acquire the asset. In the light of the news, our XRP price prediction in this bull run is a new ATH and even double digits in the longer run.

Chainlink

Which cryptocurrency is growing the fastest? Definitely, Chainlink’s LINK is one of the biggest winners of 2020. The token found its way into the top altcoins and appreciated by a whopping 696.9%, outperforming Bitcoin more than twice. It is currently down from its current ATH ($19.85) but in a clear uptrend. The Bitcoin rally can help it grow further, and our Chainlink price prediction for the rest of the year is that a new ATH can still happen in 2020! As for 2021, LINK is not off the list of the best 2021 altcoins either.

Bitcoin Cash

Lastly, we include Bitcoin Cash, which recently saw a hard fork, in this list. Bitcoin Cash was doing pretty well this year, reclaiming its position among top altcoins and growing by 89%. Its price action might get tumultuous in the short term, as traders finish selling off the assets they bought to claim the airdrop. However, in the long run, Bitcoin Cash still got it. New partnerships such as PayPal support and BCH-based Flexusd stablecoin prove that there is demand for BCH.

So, our Bitcoin cash price prediction is we may see it over $400 again this year, should the Bitcoin rally continue.

How to Get Best Altcoins 2021? Step-by-step instructions

  1. Choose the currencies on the home page, amounts and the type of exchange. Provide your wallet address in the next step and check the amounts;
  2. Double-check the provided information, read and accept the Terms of Use and Privacy Policy;
  3. Send in a single transaction the sum of cryptocurrency you will be exchanging. For Fixed Rate transactions you have 15 minutes before it expires;
  4. From here on, you won’t need to do anything. At this step we are doing all the work: checking the incoming transaction and doing the exchange as soon as it arrives;
  5. As soon as the exchange has been processed, your assets are on the way to your wallet. And so, the transaction is finished!

Remember that you can reach our support in the chat on our website or through the email: support@changehero.io — they are available any day, any time!

Key Takeaways

  • Chainlink is one of the best altcoins in 2020 and can as well be the best 2021 altcoin, at least early into the year;
  • XRP has shown amazing growth during this market rally, and future plans of Ripple Labs can propel it even further in terms of price and adoption. In our opinion, a solid contender for the title of the best altcoin 2021;
  • Litecoin is back in the spotlight and will be an interesting asset to watch for the rest of 2020 and in 2021;
  • Bitcoin Cash may be going through some motions and did not outperform Bitcoin in 2020, but it should not be disregarded. BCH deserved its spot in the top altcoins and keeps holding onto it rather well.

Conclusion