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Today s Market / The Next Cryptocurrency to Explode in 2021? 5 Names to Consider as Bitcoin Plunges The Next Cryptocurrency to Explode in 2021? 5 Names to Consider as Bitcoin Plunges Bitcoin may be tumbling off its all-time high, but the crypto space still is red hot By Sarah Smith, InvestorPlace Web Content Producer Feb 22, 2021, 5:08 pm EDT February 22, 2021 Bitcoin (CCC: BTC), so please keep your hands, feet, arms and legs inside. After hitting an all-time high above $58,000, the leading crypto plunged to $48,000 amid bearish calls from analysts and Elon Musk. But the story is likely far from over. With growing mainstream support, investors should be looking for the next cryptocurrency to explode in 2021. Here is what you need to know right now. ....
MONEYWEB app instead? Bitcoinâs smaller brother Ethereum has been the crypto star of 2020 The Ethereum bubble popped in 2018, but 2020 was the year it came back to life. 00:01 ETH is volatile and prone to crazy price swings, so take the usual cautions before taking the plunge. Image: Shutterstock Bitcoin may have grabbed the headlines in 2020 with a price gain of 160% for the year to date, but this pales alongside its smaller brother, Ethereum, which clocked up a gain of 344% so far this year. Bitcoinâs market cap of $355 billion is more than five times that of Ethereumâs $67 billion, showing the huge gap between the crypto market leader and the number two. ....
Bitcoin may have grabbed the headlines in 2020 with a price gain of 160% for the year to date, but this pales alongside its smaller brother, ethereum, which has clocked up a gain of 344% so far. Bitcoin’s market cap of US$355-billion is more than five times that of ethereum’s $67-billion, showing the huge gap between the crypto market leader and the number two. While bitcoin’s impressive rally in 2020 was driven by Covid-related fears of monetary debasement and growing institutional adoption, ether’s rise came from steady development of the type of “smart contracts” on which its value depends. ....
Author Bio A Fool since 2010, and a graduate from UC San Diego with a B.A. in Economics, Sean specializes in the healthcare sector and investment planning. You ll often find him writing about Obamacare, marijuana, drug and device development, Social Security, taxes, retirement issues and general macroeconomic topics of interest. Follow @TMFUltraLong It s been an exceptionally volatile year for equities due to the unprecedented uncertainty created by the coronavirus pandemic. Nevertheless, it ll probably go down as a largely positive year for investors. After losing more than a third of its value during the first quarter, the benchmark S&P 500 is now on track to deliver gains of more than 14% for the year. ....