Crypto

3 cryptocurrencies to buy by the end of 2021

Zilliqa ZIL / USD, Polkadot DOT / USD, and Chainlink LINK / USD have generated a lot of interest as they all offer solutions to some of the biggest scaling problems found in the most popular blockchains. However, is this interest justified and do they have a future?

To understand this better, let’s analyze each of them.

Should you buy Zilliqa?

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On June 2, Zilliqa traded at $ 0.127. It started on May 2 and cost $ 0.204. This means that you have lost 37 in no time. But in fact, Zilliqa has grown 60% since early 2021.

Zilliqa is the first blockchain to implement sharding, allowing linear scaling as the blockchain grows. The network design allows it to handle large international funds transfers as well as microtransactions that are not easily scalable on other blockchains. Developers want to rely on this network that can evolve as needed, and its speed is not affected by the wider use and development of decentralized applications.

In April, they announced the NFT Collection Pack featuring boxer Terence Crawford, and in May they teamed up with the SG National Gallery’s Y-lab Art x Tech Incubator to help artists spearhead the new NFT revolution.

Given that the price has more than halved since the beginning of the year, it would be a good idea to consider here, as momentum is expected to continue, the ZIL price could rise to more than $ 0.50. at last. years, provided that software developments and updates will meet the growing demand.

This is due to the fact that the project is experiencing an exponential expansion of the community, a high level of liquidity and technical progress.

Should you buy Polkadot?

The Polkadot price on June 2 is $ 24.28. It started on May 2 at $ 36.34, which tells us that it has lost about 33% since then.

However, Polkadot started at $ 8.36 in January, which means a 190% increase in value.

We can see that Polkadot is showing interest even with the recent drop in value, and around $ 24 could be a good buy option.

In fact, Master Ventures recently launched a $ 30 million Polkadot fund. Polkadot and Kusama plan to auction 50 second-tier outlets and bidders must have DOT or KSM depending on which protocol they want to use, which could cost over $ 50 in three to four months. … …

Should you buy Chainlink?

Chainlink traded at $ 30.75 on June 2. It started on May 2 and cost $ 39.50. We see a 22% decrease in value.

It began in January at a cost of $ 11.87, which means a 159% increase in price.

Chainlink has had some ups and downs, but it seems to have found support around $ 30, so buying at that price might be a solid option.

In mid-April, Chainlink released Chainlink 2.0, laying the groundwork for the implementation of hybrid smart contracts. This growing set of decentralized services is driving innovation and providing developers with pricing sources, verifiable random features, booking confirmation, and external adapters.

This implementation of real data in Ethereum can bring new applications to your smart contracts. Greater scalability will lead to greater availability.

There is currently no limit to the value Chainlink can bring to this future use case, and as long as new data is generated and growth is required, Chainlink will continue to add value and could reach over $ 40 within a month. and test your highs above $ 50 for the rest of the year.

Upcoming market

Each of these technologies brings their own innovations, and as the market develops, we will see them increasingly being used in real life scenarios. Its reliability and attractiveness will ultimately determine its value, and it’s up to you to decide which option works best for your specific beliefs.

You can get Zilliqa, Polkadot, or Chalink based on this review, but it is highly recommended that you do more research on your own to find out exactly what you are getting into.

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