Cryptoassets are unregulated investments, but what small market cap altcoins are worth buying in 2021? Is there any cryptocurrency that can survive the next five years? I'll discuss the basics and why it is essential to understand the risks and rewards of crypto assets before making a decision. Investing in crypto assets isn't for the faint of heart. While they may seem like a good idea, they are also very volatile and unregulated. If you're not ready to take risks associated with crypto assets, I recommend keeping your money in regulated asset classes.
Many new investors look for a high-yielding coin with a 10-fold return. This isn't always the best move. Smaller-cap coins are often better investments than those with larger market caps, as they have room to grow and earn a 10x return. While there are some well-established cryptocurrencies with a high price, these new entrants to the Crypto Minnie space haven't been proven to be worth investing in.
One of the hottest altcoins for 2021 is Cardano. This cryptocurrency is a layer two scaling solution that runs alongside the Ethereum blockchain and allows fast transactions with low fees. You can buy MATIC on Coinbase. Cardano is also worth a look since it is a proof-of-stake cryptocurrency. Cardano will implement decentralized finance services in September 2021. It trades at $0.79 per ADA.
Decentraland: Decentraland is another excellent example of a small market cap altcoin that's worth investing in. This cryptocurrency is hosted on a blockchain and allows its users to create characters and purchase plots of land. These items are then monetized through a marketplace. It's expected to gain more hype in the next few years. UNI is another one to watch.
Bitcoin Cash: Bitcoin Cash is a fork of Bitcoin and was created by many stakeholders as a better cryptocurrency for everyday use. It's still too volatile for everyday use, but its market cap is $9 billion. It's likely to grow in value as the adoption of cryptocurrency continues. In the meantime, there's still a place for altcoins, and their prices are likely to skyrocket.
Shiba Inu: SHIB has recently corrected over 80%. It's one of the cheapest altcoins to invest in. Shiba Inu costs only $0.00002, so investing $100 now would get you five million SHIB. A good platform for this type of investment is eToro. There's a $10 minimum trade size, and you'll only pay the spread, so it's easy to invest a few hundred dollars.
Dogecoin: Dogecoin has gained popularity among the crypto community because of its meme-like value. The popularity of this meme-like cryptocurrency stems from the fact that its price is derived from community buy-in and not fundamentals. It has also gained a significant market cap over the past few months and has reportedly been used to send the Jamaican bobsled team to the Winter Olympics.
Solana: Solana is a new cryptocurrency designed to compete with Ethereum. It is both a cryptocurrency and a platform for running crypto applications. Solana supports NFT projects, including the Serum decentralized exchange. Solana's blockchain is much faster than Ethereum, and it can process over 50,000 transactions per second. The Ethereum network has numerous ongoing issues, such as high fees.
Lucky Block: Lucky Block is an example of a new cryptocurrency with a very transparent team. This coin is unlike lottery games, which are generally offered nationally. The Lucky Block lottery system is a new project launched in late 2021. Its early stage has been promising, and it's already trading at a price over $0.005 per token. Despite the risk of being a scam, Lucky Block is worth considering.
