New 2021 cryptocurrency

 

The crypto sector in 2021: everything you need to know

The search for new crypto to invest in has really picked up in 2021. It began last year but exploded as soon as January started. The DeFi sector has reached a total value locked of nearly $45bn, the Bitcoin price nearly climbed to $60,000 per coin – although it didn’t quite manage to hit that price (yet) – and Ethereum saw a massive price surge that took it past $2,000 per coin.

The final week of February brought a correction. And it has been a strong one indeed. However, there are many who believe that this is just a temporary setback, and that the price surges will return soon. Various Bitcoin price predictions certainly only see the coin continuing to go up to new levels, with some experts mentioning $100,000, or even $200,000 per coin.

Today, we are not looking at the giants  BTC and ETH, but rather at some newer, smaller coins that have already proven to be good investments.

New cryptocurrencies to invest in 2021: four ways to get into the booming market

• Polkadot (DOT)

When it comes to some of the best new cryptocurrencies, we simply cannot overlook Polkadot. The coin has been around for a few years, but it only launched the genesis block of its Relay Chain in May 2020. Since then, the coin took quite a long time to see any major price movement, but things seem to have changed this year. On February 20, 2021, the DOT price skyrocketed to hit a new all-time high at $42.06, gaining more than 350 per cent year-to-date.

At the time of writing, March 1, the coin traded at $34.60, making it the sixth largest coin in the industry with a market cap of $31.62bn. As such, if you are looking for the best new cryptocurrency to invest in, then Polkadot is definitely worth checking out.

• Uniswap (UNI)

UNI is a native cryptocurrency of one of the world’s largest decentralised crypto exchanges, Uniswap. Uniswap has been around for quite some time, but similarly to many other DeFi projects, it only became big with the DeFi sector’s explosion that started in June 2020. These days, UNI is one of the best new altcoins to invest in, purely because Uniswap became the best DEX to use.

It allowed new projects to list their coins free of charge, thus providing users with an abundance of new investment opportunities. It has proven that it is reliable, fast, easy to use, with excellent liquidity and the ability for liquidity providers to earn rewards in exchange for helping the platform out. It did not take Uniswap long to explode, and UNI currently sits as the 13th-largest crypto by market cap, which makes it the largest DeFi project in the broader crypto industry.