Moving outside Bitcoin to the following crypto revolution in 2021
The histrionic rise in Bitcoin value has put cryptocurrency on the chart in the investment space. Meanwhile, its inception - not over a period ago, Bitcoin has exceeded great heights in terms of value. It is the major cryptocurrency with a $1 trillion economy. While Bitcoin is the major cryptocurrency, there are over 5000+ cryptocurrencies at this time in circulation, several of which are recorded on the CoinSwitch Kuber app. Though, most people are uninformed of these currencies.
More than a few digital currencies have posted gaudier returns than Bitcoin. Ethereum - the second-major cryptocurrency, has increased by 750% as of 2020, beating Bitcoin's 600% returns through the same period. Various such cryptocurrencies are now allocating the spotlight alongside bitcoin. Investors are starting to wonder, 'What is the following crypto revolution in 2021?'
The Crypto Journey
Cryptocurrencies are the latest class of assets presented in the investment landscape. While it was initially considered as a decentralised substitute to the traditional and centralized financial system, it has also changed to become a store of value.
Whereas there was some mature form of digital currencies since the 1980s, people recognized cryptocurrencies finished the lens of Bitcoin. Bitcoin was available as a whitepaper by an anonymous person/organization under Satoshi Nakamoto's false name in 2009. Its concept rapidly rose in acceptance and gained courtesy on a global scale.
What to look for?
Bitcoin has now obviously established itself as a respected asset. Investors are progressively on the viewpoint for something more important than Bitcoin. While it is mutual to consider the value and market styles to guess which the next big crypto is, price is not the only feature we require to focus on. As an alternative, investors need to look for functionality and supply of the digital currency. If a cryptocurrency is valuable, it will exceed any hindrance, endure and continue to grow.
CBW - External Analyst