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Next cryptocurrency to explode in 2021: which tokens to watch

Services like PayPal’s Venmo, Robinhood, and SoFi have made crypto investing easy, if not more accessible, to small investors. However, finding the best crypto to buy is a whole different thing. When looking for the next cryptocurrency to explode in 2021, you should look beyond household names like Bitcoin and Ether. They’re great, but most of the altcoins that have been on fire in recent times are penny cryptocurrencies, which are more accessible to small investors.

Finding the next cryptocurrency to explode in 2021

Investing in cryptocurrencies continues to be viewed primarily as a speculative bet. As a result, many people prefer to start with small investments and add as the outlook improves. Therefore, cheap cryptos like those trading under $ 1, $ 5, and $ 10 have the potential to take a big break.

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There are over 5,000 cryptocurrencies in circulation, but many of them remain unknown for a long time until they reach a major exchange like Coinbase or Binance. Studies have shown that new tokens typically explode after getting a Coinbase listing in what is now called the “Coinbase Effect”. Therefore, you can look for the next cryptocurrency to explode among Coinbase’s recent listings and potential list candidates.

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Other altcoins with breakout potential in 2021

The world of cryptocurrency is vast. Therefore, it is easy to miss out on great opportunities as not all potential breakout tokens make the headlines. Here are some tokens that those looking for the next cryptocurrency to explode in 2021 should pay close attention:

  • Enjin Coin (ENJ)
  • Original token (OGN)
  • NKN (NKN)
  • KuCoin Token (KCS)
  • Binance Coin (BNB)
  • BitTorrent (BTT)
  • Ripple (XRP)
  • SafeMoon

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A few of these tokens deserve a little more mention. KuCoin Token (KCS) is the native token for the KuCoin exchange. The coin pays dividends and can be a great way to gradually increase wealth.

Binance Coin (BNB) is the native token of the Binance network. The token is used to pay fees on the Binance crypto exchange as well as its DeFi platform. The price of BNB has exploded in 2021, but there is still more room for maneuver. For example, this should benefit from the fact that Binance’s DeFi platform is attracting more users. In addition, the token should benefit from a reduced supply. Binance is underway with BNB burn with the aim of reducing the token’s supply from 200 million units originally to just 100 million units. Decreasing supply and increasing demand are expected to drive up the price of the token due to the scarcity.

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BitTorrent (BTT) is the token of the BitTorrent torrent platform. It is intended to facilitate payments over the network. BTT is one of the best altcoins, gaining over 2300% in 2021. It has the potential to explode with price predictions suggesting a 65% rise from current level by the end of the year. Similar to Bitcoin and BNB tokens, the supply of BTT tokens is fixed.

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Ripple (XRP) is the Ripple platform token, which banks and other financial service providers use to facilitate instant international payments. There have been rumors that Apple could join the list of companies using the Ripple platform for payments. XPR fell after the SEC launched an investigation into Ripple executives. So far it has risen by 545% for the year and has the potential to burst with price forecasts suggesting a huge rise from the current level. Ripple is considering a Coinbase-style IPO, which would be a major boost for the XRP token.

SafeMoon is a new token with a rapidly growing fan base. This encourages holding and those who sell are hit with a 10% transaction fee. A portion of the costs is distributed to holders. The token did not reach major exchanges. Binance CEO Changpeng Zhao said the company is open to listing any sufficiently popular coins. Therefore, a listing on Binance, Coinbase or Huobi Global could significantly increase the price.

Finally, Dogecoin still has the potential to work despite its successful returns. Altcoin continues to see a growing adoption from merchants for payment, like the large retailer Newegg who recently joined. There is also a campaign for Amazon to accept cryptocurrency. The token community continues to grow with the support of public figures like Musk and Mark Cuban.

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