It all started in 2009 with the release of bitcoin, which at the time was something new and unknown to most. But now almost everyone has heard of bitcoin and interest in investing in cryptocurrency or starting a career as a trader has grown
However, some investors can still not see the future in cryptocurrency, some people are trying to decide on which cryptocurrency will be worth their investment going into 2021. We will provide an insight into all that in the article.
- Is There a Future in Cryptocurrency?
- What Top 10 Cryptocurrencies Should You Invest in 2021?
- What Cryptocurrency Should You Invest in at The Moment?
- What Will be The Price of Bitcoin in 2021 and Going Forward?
- What Will be The Price of Ethereum in 2021 and Going Forward?
- Who Owns The Most Bitcoin?
- How Can I Choose The Cryptocurrency to Invest in?
Is There a Future in Cryptocurrency?
Teeka Tiwari, a former Wall Street trader turned cryptocurrency expert, recently discussed investing in cryptocurrency, explaining why now is the time to buy bitcoin.
For the last six months, Tiwari has been on a world tour investigating a rare cryptocurrency market phenomenon. As an experienced trader, he talks about some exciting aspects of cryptocurrency and has some future predictions that we haven’t heard before.
Read Also: Top 30 Cryptocurrency Organisations
We witnessed bitcoin going down to almost $3,000 during the coronavirus pandemic. However, it didn’t last too long, and it climbed back up, hitting $10,000.
There have been different opinions by crypto enthusiasts about whether it is smart to invest in bitcoin after the pandemic, with many saying that this is like a new start.
Tiwari is very optimistic, saying that Coronavirus will send bitcoin price to $100,000 in 2020. Recently he spoke for The Keiser Report, the latest edition of his RT news magazine explaining that global panic will have a profound impact on Bitcoin uptake this year.
Predicting what will happen with cryptocurrency is not easy. But, what most investors want to know about is finding the right time to invest in crypto. Well, is this the right time to invest in bitcoin?
There are different opinions, and some have been skeptical. However, with bitcoin halving happening this year and bitcoin bouncing back to $10,000, it does not seem like you will get into a huge risk if you invest now.
Related to this aspect, Tiwari has a totally different view. He believes that we are in a unique time of history because of a rare phenomenon that is about to hit the crypto market.
He says there is a triggering event that is programmed into the actual code that powers bitcoin. And it will ignite a bull market in cryptocurrency. Something that we have not seen since 2017.
What coins have the brightest future?
Bitcoin has been the king of cryptocurrencies since the beginning. In many cases, it is used as a synonym for cryptocurrencies. We can surely say that bitcoin is here to stay and that it is not going anywhere.
However, there are a lot of talks about what will be the best coins in the future? According to Yahoo, there are four cryptocurrencies to invest in 2020: Bitcoin, Etherium, NEO, and EOS.
In this case, Tiwari says that there are five coins that will be great to invest in. Moreover, he believes that these coins could turn $500 into as much as $5 million. He stresses that people have a fear that prevents them from investing but suggests that fear should not stop anyone from investing.
Speaking for London Real, a show hosted by Brian Rose, Tiwari tries to motivate people to invest in cryptocurrency to make profits.
“If you just take well-chosen crypto and let’s say you buy 5 of them. You put $500 into each, which is $2,500. It’s not going to kill anybody if you lose $2,500. It might pinch a little, but it’s not going to kill you,” he stresses.
What Top 10 Cryptocurrencies Should You Invest in 2021?
If you have any plans to invest in the crypto market next year, we have good news for you. According to many crypto enthusiasts, 2021 is going to be one of the best year to invest in cryptocurrencies.
When it comes to deciding what crypto to invest in, the choice can be somewhat overwhelming as there are thousands of crypto coins available in the marketplace.
It’s difficult and time-consuming to do your research and sort the worthy ones from the “unfruitful” ones.
That’s why we’re here to help you. The following is a list of top 10 cryptocurrencies that are expected to explode in 2021 and make an even bigger impact in the years to come.
1. Gold Secured Currency (GSX)
GSX is also an invention of the Apollo Fintech, and its features never cease to impress. It will be the first quantum secured stable coin; meaning, with introduction of quantum technology, it will remain unaffected. It interlaces elements of a stable coin, a cryptocurrency, and investment coin.
Powered by the Apollo Blockchain, the rather new gold-backed stable coin has a pre-sale price of $0.046; however, the price will continue to increase as long as gold production is still ongoing. It has adapted technological factors of the blockchain including sustainability from sharding, security, speed, and more.
Besides the gold assets, GSX is backed by approximately 3,000+ acres of platinum and gold rich land in Zimbabwe. By 2021, GSX is aiming at a 500% surge. Moreover, 50% of the coins remaining after the CDE will be burned to sustain existing GSX.
The GSX coin owners receive dividends besides it being the first stable coin that increases with value invariably. Coin holders also receive full ownership rights for land rights, exclusive rights to refineries, mining equipment, and resources. It would be best to get the coin now on its pre-sale with up to 50% bonus at gsxcde.com.
2. Apollo Currency (APL)
Apollo Fintech is taking the reins in the fintech world, and Apollo currency is among its best innovations yet. The coin is the most feature-rich in the market, integrating all mainstream cryptocurrency properties into one. Anyone can create advanced tokens in seconds without complex code on its token system.
It is so far the world’s first blockchain to implement database level sharding with other technologies such as atomic swaps, adaptive forging, Apollo updater, node synchronization, and many more.
Their wallets are also the first to be quantum resistant, facilitating private and public transactions at sub-seconds to 2 seconds per transaction.
The coin use cases transcend regular crypto uses penetrating to government and national bank levels. Soon, the currency will introduce the world’s first dApps with limitless storage.
Safe to say, this is the most advanced coin and should be a consideration for you in terms of investment. You can get it from the best exchange for APL, BitMart, HitBTC, etc.
3. Cardano (ADA)
Cardano is on a lifelong journey to develop its blockchain for true decentralization, interoperability, staking, delegation, smart contracts, scalability, and governance. It is currently trading at $0.141425 with a market cap of $3,666,748,656.
The transition to Cardano Shelley’s hard fork has pushed its prices up with analysts expecting more. Shelley is the second phase of its roadmap, which will significantly improve its features. By 2021, there are hopes that the network will have a 2000% increase, hence, a viable way to invest your cash.
4. ChainLink (LINK)
ChainLink runs on the Ethereum blockchain to power the ChainLink decentralized oracle network. It facilitates linking data sources, APIs, and payment systems with Ethereum’s smart contract.
LINK has a great run this year, reaching an all-time high of $8.800 and currently trading at $6.900. Its market cap stands at $2,415,968,039. Taking place in the top ten currencies is just the beginning of a great journey for the coin.
5. Terra Credit (CREDIT)
Terra Credit is a Proof of Stake platform with a price if $ 0.00002480 and a market cap of $ 528,174. The network runs on a fast blockchain protocol, which processes transactions in under 1 minute.
There is little to no fees for sending money to users worldwide. Earning rewards is easier: the PoS system offers rewards when connected to the platform through cold staking.
Terra credit aims to become a platform for unbanked individuals with a virtual private wallet whereby users can maximize their earnings through block production. CREDIT will get to greater levels with the company’s plans for its adoption worldwide.
6. Aave (LEND)
Aave is a peer-to-peer lending platform on the Ethereum blockchain with a market cap of $317,436,149. Its native token, LEND, is trading at $0.244182 framed through the liquidity of the protocol.
Since its launch at the beginning of the year, Aave has achieved great heights with a variety of partnerships.
The currency aims to provide low transactional costs for users. Furthermore, on Aave’s platform, you can interact with other coins such as BTC, ETH, and USDT.
LEND will gain a higher price with time due to the burning of the tokens from transaction fees. You can earn more by acting as a defense against malicious borrowers.
7. VeChain (VET)
VeChain prides itself as a blockchain as a service platform and a solutions provider. The network is self-circulating and scalable through the decentralized system.
VET currently has a price of $0.015643 and a market cap of $867,454,560. It dedicates itself to providing supply chain solutions in businesses globally. So far, implementations in luxury goods, liquor, and agriculture, to mention but a few.
The integration of its blockchain with real-world uses is courtesy of its governance structure, robust economic model, and utilization of advanced IoT integration.
8. Monero (XMR)
Launched in 2014, Monero is a decentralized Proof of Work system with a market cap of $ 1,341,710,290 selling at $76. It provides you with the most secure platform to transact that uses advanced encryption equipment. Miners are responsible for providing the security required to prevent the risks of hacking or errors.
In the PoW algorithm, you can achieve XMR coins with the help of computerized protocols that solve complex mathematical problems. Everyone can contribute to the development program and the information displayed to the public.
Monero XMR is acceptable to various business merchants as a mode of payment since it is a currency.
9. Tezos (XTZ)
Tezos is a decentralized blockchain network supported by validators and developers. Tezos currently trades at $ 2.74 with a market cap of $ 2,032,636856. Affordable staking is available for users depending on their limits.
Delegation of awards is also possible and receive awards after approximately 20 days. It deploys a liquidated Proof of Stake system whereby you can delegate tokens to validators, or you can simply become a block validator.
Through the liquidated PoS system, users also have an opportunity to govern and make amendments to the system. Tezos is less prone to attacks by cybercriminals because of its smart contract protocol, which is valid and secure.
10. KAVA
Kava is a decentralized DeFi platform supported by staking tokens and digital asset collaterals. The ecosystem facilitates swap of cryptocurrencies in various blockchains using a unique feature called Switch. Here, you can take part in the validation and governance of the system.
Kava’s current price stands at $2.00, with a market cap of $550,727,775. It is backed by prominent projects in the crypto world, including Binance, Huobi, and OKEx.
What Cryptocurrency Should You Invest in at The Moment?
1. Bitcoin
In May 2020, the first and major cryptocurrency developers offered 50% reduced rewards – 6.25 BTC instead of 12.5 BTC for each verified block.
However, apart from that, Bitcoin is likely to bring the dominance index to 65-70% compared to other altcoins. In such a way, it can become the cryptocurrency with the largest market capitalization.
These factors has significantly affected the growth of its price in 2020. Active use of Lightning Network may also change the BTC ecosystem. It will enable the implementation of Bitcoin in decentralized applications, micropayments, and e-commerce platforms. The Bitcoin price (January 28, 2020) was $8 994,85.
2. Ethereum
Unlike Bitcoin, Ethereum is based on practical smart contracts used by many projects for the digitalization of transactions. The currency value may increase due to the increasing demand for its blockchain and functions, rather than a deficit of the asset as it happens with BTC right now.
A major role in the success or failure of this currency will depend on upcoming fork updates and rapid implementation of the Proof-of-Stake algorithm. The approval by regulatory organizations and community decision to de-list ETH from the list of altcoins may also affect its price growth going forward. The current ETH price is $171,38.
3. NEO
The NEO project is often included in different cryptocurrency investment ratings for the next year. This cryptocurrency breaks many stereotypes, including being the first open-source token originated from China.
It claims to transform the traditional financial system by combining digital and real assets. Its unique Superconduct trading mechanism allows users to trust the funds through a decentralized platform.
So, NEO’s appliance is beyond doubt, as its rapid demand growth. NEO may even hold an ICO, but so far it is trading at the level of $11,14 USD per token. The current NEO price is $11,14.
4. EOS
Chinese experts, according to CoinTelegraph, really like to include EOS to the list of the most promising cryptocurrencies for the next few years. Even if you don’t know much about crypto coins, it is definitely worth your investment in 2020.
If Twitter, Uber, and Amazon ever move to a blockchain, the core of their work will definitely be EOS. The EOS system is free of Ethereum problems with scalability and it is ready to replace other competitive blockchains.
If Ethereum fails, EOS can level up to 100 USD per token. EOS achievements become possible thanks to the consensus algorithm of delegated proof of ownership (DPoS) and an infinite number of similar blockchains. The current EOS price is $3,94.
5. Ripple
Some experts call XRP the “king of banking infrastructure”. The successful partnership with major financial market players made the Ripple ecosystem a breakthrough in the crypto industry.
Take the latest integration with Western Union and the potential replacement of SWIFT to accelerate and reduce the cost of large money transfers between counterparties.
However, do not expect huge profits with XRP this year, it is good for long-term investment. Even with the most optimistic approach, XRP price is unlikely to rise above 0.7 USD in the next couple of years. The current XRP price is $0,233759.
What Will be The Price of Bitcoin in 2021 and Going Forward?
Bitcoin was created in early 2009. Since then, we’ve seen its price increase from Bitcoins to the cent (circa March 2010), all the way up to $19,000+ per Bitcoin.
One of the stories that illustrate this growth best is that of two pizzas, which were bought for 10,000 Bitcoins, on May 22, 2010, by a Florida developer by the name of Laszlo Hanyecz. Those 10,000 Bitcoins (at $4,000 per bitcoin) would be worth over $40 million today, pitted against the $40 or so they were worth then
While nobody knows for sure, there are plenty of anti-Bitcoiners who see the market as a bubble, ready to pop and have Bitcoin’s price fizzle back to mere cents, and plenty of pro-Bitcoiners, or Bitcoin evangelists, who see little hinderance in Bitcoin growing up to 200 times its current price.
Here is what those evangelists think Bitcoin will go on to be worth.
Anthony Pompliano – $100,000 (by 2021)
Anthony Pompliano is a well-known Bitcoin personality. He’s a founder and partner at Morgan Creek Digital, a crypto-friendly asset management firm for institutional investors. He has previously claimed that he holds more than 50% of his net worth in Bitcoin, showing his belief in the cryptocurrency.
Pompliano has predicted that Bitcoin will hit $100,000 by the end of December 2021. At the time of the prediction (February 2020), Bitcoin had just reached the $10,000 mark, meaning the currency would need a 1,000% increase — within just two years — to reach his target. His prediction would put the market cap of Bitcoin at more than $2 trillion.
Kay Van-Petersen – $100,000 (by 2027)
Kay Van-Petersen is an analyst at Saxo Bank, a Danish investment bank which specializes in online trading and investment.
Based out of Singapore with an MSc in Applied Economics & Finance from Copenhagen Business School, Van-Petersen is an active Twitter user with no fear of speculating on tough topics like the prices of cryptocurrencies.
Van-Petersen believes that Bitcoin will rise to $100,000 per unit by 2027, according to a feature by CNBC news published in May 2017. As the man who successfully predicted Bitcoin’s flow up to $2,000 by 2017, Kay Van-Petersen’s most recent estimate, perhaps a little optimistic, suggests that Bitcoin would then account for 10% of the volume in the foreign exchange market.
Wences Casares – $1,000,000 (by 2027)
Wences Casares is the Founder and CEO of Xapo, a Bitcoin wallet startup, and a board member at PayPal, among various other roles. Casares first found interest in Bitcoin due to high financial volatility in his home country Argentina’s native currency, the Peso. The tech giant bought his first Bitcoins in 2011.
Casares believes that Bitcoin will hit $1 million sometime before 2027, he said at the Consensus 2017 conference in New York. Even better, he believes that Bitcoin could hit one million dollars in as few as 5 years, saying on May 23, 2017, that the milestone will be reached “in 5-10 years”.
Chamath Palihapitiya – $1,000,000 (by 2037)
Chamath Palihapitiya is the Founder of Social Capital and Co-Owner of the Golden State Warriors. His Bitcoin journey started with an investment back in 2012, and by 2013 he had included Bitcoin in his hedge fund, general fund, private account. At one point, he owned 5% of all Bitcoin in circulation.
Palihapitiya has predicted Bitcoin price will reach $100,000 in the next 3-4 years, adding that it will reach a price of $1 million by 2037.
He said, “This thing has the potential to be comparable to the value of gold…This is a fantastic hedge and store of value against autocratic regimes and banking infrastructure that we know is corrosive to how the world needs to work properly”
John Pfeffer – $700,000 (no date)
John Pfeffer is a partner at London-based family office Pfeffer Capital. He’s set a bold price target for Bitcoin of $700,000—about 175 times the current Bitcoin price of nearly $4,000. Pfeffer said that Bitcoin is the world’s first viable replacement for gold.
The math for his target works like this: firstly, he assumes that Bitcoin can replace all of the gold currently held by private investors — in other words, the gold bars that people keep in safe-deposit boxes or bury in their backyard (simply as a way to park their money in something more dependable than paper). He says that “Bitcoin is vastly easier to store and secure.”
Next up, the current value of all privately held gold bullion is about $1.6 trillion. Assuming there will be 18 million Bitcoins in circulation by the time the cryptocurrency fully replaces gold bullion, the implied value of a Bitcoin would then be $90,000. This is Pfeffer’s most conservative scenario, which he gives 8% odds of coming to fruition.
What Will be The Price of Ethereum in 2021 and Going Forward?
Ethereum is vastly different from other cryptocurrencies such as Bitcoin, Litecoin, or even Ripple. Ethereum is a blockchain protocol for smart contracts, and Ether, also called ETH, is the native cryptocurrency that powers the Ethereum blockchain.
Ethereum runs smart contracts on what it calls the Ethereum Virtual Machine, which is essentially a supercomputer built on the blockchain.
Because of its unique structure and being the first of its kind, Ethereum price predictions can be extremely high, with so many investors and industry experts believing in Ethereum growth in the long-term.
Ethereum projected growth as a network is also high, as the blockchain is not only used for smart contracts and transactions, but actual crypto assets are often built on Ethereum’s blockchain, giving it added value as speculation around the future of the crypto market is positive.
Because there is so much positivity surrounding cryptocurrencies and Ethereum potential is so high, many are left wondering “will Ethereum rise like Bitcoin,” and “how high can the price of Ethereum go?”
This Ethereum price prediction guide will help paint a clear picture of estimated growth and the projected value of Ethereum over the years.
Simon Dedic, Co-Founder of Blockfyre and Managing Partner at Moonrock Capital
This venture capitalist and blockchain investor sees a bright, long-term future for Ethereum and estimates the asset could someday be worth as much as $9,000 per ETH token. He also sees Bitcoin at $150K and Link at $200 per token at the same time Ethereum reaches such prices.
Josh Olszewicz, Long-Time Self-Taught Bitcoin Trader
Josh Olszewicz has been trading Bitcoin since 2013 and was part of the cryptocurrency industry’s early days when Ethereum was first created. He’s essentially watched the coin and the industry itself grow up and has extensive knowledge about the crypto landscape and technical analysis.
Olszewicz has short term targets for Ethereum that reach $780 in the short- to medium-term.
James Todaro, Managing Partner at Blocktown Capital
Another crypto capitalist James Todaro, Managing Partner at Blocktown capital, also sees Ethereum at $9,000 per token but doesn’t make that call outright.
Instead, the investor says Etheruem will reach a $1 trillion market cap due to the surge in decentralized finance. It just so happens that based on math and the Ethereum supply, this sums up to $9,000 per coin, matching Dedic’s prediction.
Who Owns The Most Bitcoin?
Here is a list of some of the richest bitcoin owners over time and in no particular order:
Satoshi Nakamoto
The mysterious creator of Bitcoin, widely known as Satoshi Nakamoto, remains the major holder of bitcoins. The number of bitcoins that Nakamoto owns today is estimated at around 1.1 million, based on the early mining that he did. This is the equivalent of almost $8 billion at today’s exchange rate.
Reports suggest that Nakamoto has never touched most of his bitcoins, and neither converted them into real-world currencies nor used them for any other purpose. If he were to sell his entire holdings, the value of Bitcoin could take a nosedive in an instant.
Roger Ver
Roger Ver, otherwise known as Bitcoin Jesus, is one of the first Bitcoin billionaires and believed to hold or held at least 100,000 bitcoins. The renowned libertarian allegedly dropped out of college to focus on his bitcoin-related projects.
Unlike other crypto billionaires out there who are throwing their cash in the typical private Islands or luxury jets, Ver’s dream is to establish his own libertarian nation where every individual is the absolute owner of their own life and are free to do whatever they wish with their person or property.
Roger Ver renounced his U.S. citizenship in 2014 and relocated permanently to a small Caribbean Island.
Charlie Shrem
Charlie Shrem is one of the youngest of our richest Bitcoin owners list. He purchased many Bitcoins when it was trading only at $3- 4 dollars. He then bought another batch of hundreds of BTC when it was trading at $20.
At the age of 22, Shrem founded BitInstant while being an active member of the Bitcoin Foundation.
By the end of December 2014, Shrem had been found guilty of money laundering and received a two-year prison sentence. After his release from federal custody, he unveiled a startup called Intellisys Capital, a company that sells investment portfolios in blockchain companies.
Silbert
Silbert is a venture capitalist and founder of Digital Currency Group. He was an early adopter of Bitcoin. He purportedly walked away with an eye-watering 48,000 Bitcoins in an auction held by the U.S. Marshals Service in 2014.
The US government had confiscated much of the crypto coins from Ross Ulbricht, the alleged operator of the dark web marketplace for drugs and other illegal products. Bitcoin was then worth $350, which means Silbert’s coins have skyrocketed in value from $16.8 million to $288 million.
Tim Draper
Tim Draper has to be one of the richest bitcoin owners on our list. He has invested in many projects and ventures and has made billions.
His most known investment is probably Skype and his purchase of 30,000 Bitcoins from the same government auction in which Silbert participated in 2014. The bitcoins were estimated to be valued around $19 million at that time.
Draper reportedly has a net wealth of over $1 billion.
How Can I Choose The Cryptocurrency to Invest in?
Even if you do your best research, there are simply too many choices of cryptocurrency to review them all. You need a good strategy and some solid criteria before you start looking.
We’re going to give you some of our tips to help you navigate the ever-expanding crypto market.
1. Choose your risk level
While there are almost 1,800 different cryptocurrencies in circulation as of this writing, by far the most stable one is bitcoin (BTC). Being the oldest on the market, investing in bitcoin is a relatively safe bet.
Especially given the current price, far below the all-time high of $20k. All other coins are known as ‘altcoins,’ and there are some very stable choices including Ethereum (ETH), Litecoin (LTC), and Ripple (XRP).
It’s always a good idea to diversify your investments, so you may consider choosing one of more established digital currencies to anchor your investment portfolio.
Another stable investment are so-called ‘stablecoins.’ These are a great way to hold money between trades, or put money into a crypto exchange. Stablecoins are designed to mirror a fiat currency, keeping price fluctuations to a minimum. For an example, check out bitCNY, pegged to the Chinese Yuan.
2. Do your research
While it’s important to read opinions and listen to what company representatives have to say, nothing beats doing your own independent research.
You want to look at all the historical charts on the currency you’re interested in. Pay particular attention to market cap and circulation, don’t get hung up on the price alone.
You want to look for stability and understand the full history of a particular altcoin. Maybe it is still in a growth phase, and has continually been growing.
Maybe there’s always been a big peak and a large correction. Steer away from currencies that have seen sustained big drops in market cap, as it shows that demand has died down.
You should also research as much as possible about the company offering the coin, and what problem it aims to solve. Look for offerings with innovative technology, and a strong proof of concept.
Big promises should factor less than actual sample use cases and trials. Make sure you learn about company leadership as well, the CEO’s track record, and if there is a solid technical team.
3. Stay informed on upcoming ICO offerings
The ‘Initial Coin Offering’ has become the de-facto method of both rolling out a new cryptocurrency and for the company to raise working capital.
As in the traditional stock market, you’re betting on which company can produce the product they are promising and deliver on your investment
ICOs are often the best way to get in on the ground floor of a great opportunity. You can’t look at historical charts, so you’ll have to put even more emphasis into understanding the offering and how it differs from others on the market, as well as the team behind the company.
Because you’re buying in at the ground floor, you can see some of the biggest gains by investing in the right ICO. Learn about what has made successful offerings in the past to help you spot the next promising one.
4. Research lesser known exchanges
Even if you’ve missed an ICO, you can still buy the coins on exchanges. The bigger exchanges limit which coins they trade, and often you can find better investments on more obscure exchanges.
A word of caution, you should do a similar amount of research about the exchange and who’s behind it to help protect your investment.
5. Time your trades based on important dates
Companies will often announce partnerships, project milestones, and other critical dates on their Twitter feed, official websites or even blogs.
By closely following these feeds, you can often learn of these dates before most people ever hear of them. That means you can prepare to time your trades based on these important milestones.
This strategy involves a much higher level of engagement, but choosing a currency based on these important events can increase your short-term gains.
There’s almost always a price jump around these dates, and if you have an advance notice, you can actually anticipate. Be ready to acquire coins as soon as you hear of such news.
6. Be well-versed on political and regulatory changes
You can be the most informed investor when it comes to your portfolio and the assets within, but if you’re not paying attention to the political climate and regulatory shifts – especially in the countries where your products are based or traded – you can quickly suffer big losses.
Read Also: Top 10 Best Cryptocurrency Trading Sites
A large part of your investment strategy is to be well-versed on the laws (or a lack thereof) regarding cryptocurrency in the jurisdictions that will affect your portfolio. Many big swings in the price of crypto are due to these external factors.
7. Closely monitor your portfolio
Once you’ve made a choice and invest in cryptocurrency, make sure you stay vigilant regarding your assets. You want to stay just hyper-aware of all news about your specific investments.
By continuing to stay engaged with all the same research you did prior to making your investment, you can be ready to sell when needed, or know the best times to grow your position.
Final Thoughts
Although the pandemic is not over and is still holding back the markets, investors are looking towards risky assets such as cryptocurrencies as some kind of alternative to traditional markets as the year runs to an end and going into 2021.
As a response to the challenges in the traditional economy, the transition to digital seems reasonable. Meanwhile, the cryptocurrencies have already started recovering from March lows, and analysts predict the gradual crypto market growth for the next couple of months and in 2021.