Mainstream businesses across sectors have been interested in -and have in some cases themselves invested in blockchain and cryptocurrency in 2021. AMC for example recently announced that they will soon be able to accept Bitcoin payments at the end of this year. Fintech firms like PayPal as well as Square are betting on crypto as well by allowing customers to buy through their platforms. Tesla continues to bounce around and roundabout accepting Bitcoin payments, even though Tesla holds billions of cryptocurrency assets.
However, the market is just beginning to develop and is constantly changing. It’s not easy to determine what the future holds but over the next months, experts will be looking at issues ranging from regulation to the institutions’ adoption of crypto payments to get more insight into the current market.
Altcoins which are also known as Bitcoin alternative currencies have been displaying a stunning chart performance, and several long-time competitors such as Ethereum are still battling with each other for a larger market. More and more crypto bookmakers began on including a much diverse portfolio of altcoins than ever before, as the demand for them has been rapidly increasing. But, the popularity of altcoins among investors could lead to an increase in the value of digital currencies
The recent rise in Bitcoin has taken the world of cryptocurrency by storm. It surpassed the $50,000 mark in the last few days and has been hovering above the psychological mark until it dropped to less than 41,000. Bitcoin is the world’s biggest and most enduring digital currency has many analysts contemplating whether or not it can maintain its value. There are speculations about the possibility of a rise in the prices of altcoins.
Altcoins, also known as Bitcoin alternative cryptocurrency, are showing an impressive performance on the charts, and several long-standing rivals such as Ethereum are still battling with a growing market capitalization. Since altcoins, as well as NFTs, were a hot topic for investors during June and July, the cryptocurrency market might see unexpected increases in these areas.
Here are some alternative coins, that could appreciate in the coming days:
Ethereum (ETH): The price of Ethereum (ETH) was at the moment of writing, the price of Ethereum was hovering around $3,732.40. In the last few days, Ethereum or ether rose in value by 12.34 percent. The price has been steadily rising throughout the years, making the speculations more enticing.
Cardano (ADA): Cardano is another major name that could cause a major price increase in the near future. It’s third on the list, having a market value in the range of $84 billion. The cryptocurrency experienced a dramatic increase this May after Tesla was forced to stop accepting payments in Bitcoin due to the massive energy consumption associated with its mining. ADA has reached new heights after investors discovered an eco-friendly alternative. A new update in the coming months will introduce smart contracts on its blockchain, and more investors might be drawn to it. An increase in price shouldn’t be a surprise.
Chainlink (LINK): Chain Link is at number 12 among the top charts. However, its popularity with social media and investors is drawing attention. Over the past seven weeks, the token has experienced a value increase of nearly 22 percent. Its price is about $32 for each token at present. Websites such as Coin Quora and others suggest that LINK is a good investment target. LINK and anticipate it to reach $50 in less than one year.
Dogecoin (DOGE): The meme currency was popularized by people like Tesla President Elon Musk. It gained prominence over the last few months. It’s now one of the cryptos that are considered to be an attractive investment alternative. By 2021 the crypto grew by more than 8000 percent.
Avalanche (AVAX): Avalanche is a cryptocurrency that’s been gaining attention along with Cardano and Dogecoin. This altcoin has attracted a lot of attention in 2021. Its maximum quantity is 720 million. In August of 2021, its value doubled. In actual fact, since the beginning of its existence in September of 2020, the coin has earned more than 2,440 percent.
Disclaimer:
- As per the Public Gambling Act of 1867, all Indian states, except Goa, Daman and Sikkim, prohibit gambling
- Land-based casinos are legalized, with certain guidelines, in Goa and Daman, as per the Goa, Daman and Diu Public Gambling Act 1976
- Land-based casinos, Online gambling and E-gaming (games of chance) are legalized in Sikkim under the Sikkim Online Gaming (Regulation) Rules 2009
- Only some Indian states have legalized online/regular lotteries as per and subject to the conditions laid down by state laws. Kindly refer to the same here
- Horse racing and betting on horse racing, including online betting, is permitted only in a licensed premise in select states. Kindly refer to the 1996 Judgement by the Supreme Court Of India here and for more information
- This article does not endorse or express the views of Qrius and/or any of its staff.
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