![]() That makes it more like Google Wallet or Apple Pay - a system that can approve or delay transactions based on real-world events. Rather than hold itself as “digital gold,” Ethereum runs on a series of contracts. With that in mind, let’s take a closer look at the world of cryptocurrency.Įther, the cryptocurrency of the Ethereum blockchain, is a technologically advanced version of bitcoin. As such, I’ve organized the cryptocurrencies based on their overall risk-to-reward potential from most balanced to least. Keep in mind that while each has enormous potential, some are safer bets than others. But to get you started, here are the top 25 cryptocurrencies you need to know for 2021: With so many coins out there, it’s often hard to know even where to begin. That means investing in cryptocurrency requires strong belief that others will eventually buy it from you for even more. But when a coin falls out of favor, there’s nothing to stop it from going to zero. The more users a coin has, the more useful it becomes, and the higher its price goes. Instead, their worth comes from their users. ![]() Meanwhile, $1,000 invested in bitcoin today might earn “just” 4-5x upside if you believe JP Morgan’s lofty $146,000 target price.īut there are also significant risks because cryptocurrencies have no intrinsic value. For example, $1,000 invested in Ethereum’s initial coin offering (ICO) would be worth $3.3 million today. To answer that question, we need to explore the world of altcoins - up-and-coming coins that you can buy for cheap. So, which cryptocurrencies can make you rich in 2021? Instead, it’s a digital popularity contest where winners keep winning and losers bite the dust. But as any experienced crypto investor knows, that’s not the way cryptocurrencies work. As bitcoin, Ethereum, XRP and others have rocketed in value, never before has Wall Street seemed so hesitant about “digital gold,” a name they use to invoke a margin of safety. ![]() ![]() Want to see Wall Street analysts at their most confused? Ask them about cryptocurrency predictions for 2021. Editor’s Note: A more recent and timely article on this topic can be found here. ![]()
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