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Walletinvestor Cryptos 2021
Walletinvestor Cryptos 2021
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Risk Disclosure ���������������������������������������������������������������������� 3
hello@walletinvestor.com
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Risk Disclosure
Forex and stock market trading involves high risk that is not suitable for everybody.
Before deciding to trade online, carefully consider your willingness to take risks.
IMPORTANT!
Don’t rush into live trading right away with what you have
just learned!
Cryptocurrencies have continued their surge this year, driven by several factors,
including institutional interest. There are over 1600 cryptocurrencies on the
market available for trading at the moment, and in this e-book we will try to show
you the ones that could 10x in 2021. You have to keep that in mind that these
currencies still remain a risky investment, given their relative lack of utility and
extremely high volatility. So, to understand how cryptocurrencies work, let us
start with a basic definition: Blockchain.
Cryptocurrencies have been on the market for several years now and have proven
to be among the most profitable investment opportunities, beating the profits
from conventional stocks and commodities, such as oil and gold. Given these
facts, let us take a look at which cryptocurrencies could 10x in 2021.
Cardano [ADA]
Cardano is a cryptocurrency network and open source project that aims
to run a public blockchain platform for smart contracts. Cardano’s internal
cryptocurrency is called Ada. The development of the project is overseen and
supervised by the Cardano Foundation based in Zug, Switzerland. It is named
after Ada Lovelace: a 19th-century mathematician who is recognized as the first
computer programmer, and is the daughter of the poet Lord Byron.
Cardano’s market cap is currently $29,7 billion which is fairly low for a project of
this magnitude. If we compare it to Ethereum, the main competitor of Cardano,
we can see a market cap of $178,1 billion for [ETH]. Whether Cardano can
tenfold its value, depends on many factors , and one of them is how fast the new
gogen update rolls out, which introduces smart contracts* to ADA. Cardano is
already working on those smart contracts now, and Charles Hoskinson - founder
of Cardano and co-founder of Ethereum – stated they will have thousands of
partnerships by the end of 2021. ADA has had an impressive run over the past year.
It has gained 450% and the rest is just ahead.
About mining, it is not possible. You cannot mine BNB as you would a proof-of-
work cryptocurrency, since the Binance Blockchain uses the Byzantine Fault
Tolerance (BFT) consensus mechanism. Instead, there are validators that earn
from securing the network by validating blocks.
BNB has a market cap of $35 billion and an average volume of $7 billion. The
currency has already gained 447% in 2021 and it seems like it has a bright future
ahead.
Aave [AAVE]
Aave is a decentralized, open source and non-custodial liquidity market protocol
where users can participate as depositors or borrowers. Depositors provide
liquidity to the market to earn a passive income, while borrowers are able to
borrow in an over collateralized (perpetually) or undercollateralized (one-block
liquidity) fashion.
Many think that decentralized, autonomous organizations – like Aave - are going
to take over for borrowing and lending. It is a governance token, which means
owning this token will allow you to participate in the governance of that network.
Aave has a market cap of nearly $5 billion and a volume of $800 million. It has
increased by more than 300% this year and will probably increase more, thanks to
this technology.
Quant [QNT]
Quant launched in June 2018 with the goal of connecting blockchains and
networks on a global scale, without reducing the efficiency and interoperability
of the network. It is a multi-purpose cryptocurrency and operates as a key
to access the Quant Network suite of solutions including Overledger, which
is the world’s first blockchain operating system (OS) that not only connects
blockchains to one another but also connects existing networks to blockchain
and facilitates the creation of internet scale multi-chain applications otherwise
known as MApps.
Quant is likely on sale now. Its market cap is $423 million and has a volume of
$9,117. QNT is a project with an all-time high of $49, but the current price isn’t that
far off and it’s just getting started. Quant is looking good and has the potential to
10x in 2021.
There is a hosted service in production that makes it easy for developers to get
started building on The Graph and the decentralized network will be launching
later this year. The Graph currently supports indexing data from Ethereum, IPFS
and POA, with more networks coming in the future.
The Graph is not a small project. It is getting more and more popular, because it is
first of its kind and it is probably going to take off here very quickly. Its market cap
is over $2 billion and has a volume of $41 million. GRT has a high potential to 10x in
2021, especially because of its use case and product offering.
+1 Dogecoin [DOGE]
Dogecoin is considered more of a meme than a serious cryptocurrency. It was
invented by software engineers Billy Markus and Jackson Palmer, who decided
to create a payment system that is instant, fun, and free from traditional banking
fees. It was created in 2013, and named after the popular meme of Shiba Inu dog.
The creators used Litecoin technology to power Dogecoin. It is a decentralized
and inflationary coin, meaning there is no finite number of it to be mined.
The cryptocurrency was flying the past few weeks, thanks to Elon Musk and
Reddit. Its market cap is $6.7 billion and has a volume of $2.6 billion. Returns on
year-to-date is 860%. The volatility is rated as a 5.7. The Reddit community is
strong and has the power to lift Dogecoin, maybe even to $1 per share.
Many others (18% of advisors) were recommending 16% to 25% of their clients’
portfolios in alternatives, according to The Balance.
So, short answer: yes, you should have alternative investment options
in your portfolio, but you have to be able to handle the risks that
come with it. They could be extremely volatile and you could
easily lose some of your investments or double it.
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