What Five Cryptocurrencies Will Explode In The Second Half Of 2021?
What five cryptocurrencies will explode in the second half of 2021? Unlike gold exploration, cryptocurrency speculators search for the chance to hit it big after watching Bitcoin grow out of reach from $0.0008 in January 2010 to more than $60,000 in April 2021.
Also, a meme cryptocurrency grew 12,000%, meaning a thousand dollars invested in the meme cryptocurrency in January 2021 would have grown to over $120,000 when the price rose to an all-time high in April.
In this post, I will be discussing five cryptocurrencies that are likely to explode in the second half of 2021.
The king of Cryptocurrencies still has room for price explosion in the second half of the year. As it is very visible, the price of altcoins sways with Bitcoin, I.e., prices of altcoins go up if Bitcoin price is on the increase.
Various cryptocurrency enthusiasts have speculated about the price of Bitcoin hitting a million dollars. That might sound too preposterous, but nothing is impossible in the world of cryptocurrencies.
Although Bitcoin price is presently experiencing a downtrend at $33,546.72 as at the time of writing, it is believed that Bitcoin price will likely touch an all-time high of $100,000 – $250,000 in the second half of 2021. Therefore, you should keep an eye on the king of coins.
Shiba Inu is a cryptocurrency that rode on the back of Dogecoin to stardom. Themed as ‘the Dogecoin killer,’ Shiba Inu’s creators hope to make the coin more than a meme coin by creating the Shiba ecosystem, which is hoped to drive the price of Shiba Inu up as it finds more uses and acceptance in the cryptocurrency community.
Like Dogecoin, Shiba has a strong community dubbed ‘ShibArmy,’ which continues to promote the Shiba coin hoping that Shiba will experience unprecedented price surges (just like Doge has experienced) from its current price of $0.00000825 to sell at $0.1. Although most sites that predict Shibu Inu prices do not forecast this to happen in 2021, it is hopeful that Shiba will experience a massive upward price move to sell at 0.00008 as it continues to gain support from Elon Musk, and a strong team of ShibArmy, giving Shiba Inu the needed social media hype.
Although the Shiba team is working hard to prove that Shiba is more than a meme cryptocurrency by establishing ShibaSwap, and the Shiba ecosystem, it will still rely heavily on social media hype, as experienced recently when Elon Musk tweeted about naming his Shiba pet Floki.
Ripple has sailed through storms as it battled lawsuits, but it has come out stronger, with its price jumping from $0.29 to $0.64 as at the time of writing. Based on the demand for Ripple as a cross-border payment solution and its strategic partnership with Santander, Itau Unibanco in Brazil, and other financial institutions worldwide, Ripple is likely to see a price explosion before the end of 2021.
Although Ripple has experienced major crashes, cryptocurrency enthusiasts predict that Ripple will hit $5 before the end of 2021 and possibly surpass the $10 benchmark if Ripple ups its game and the cryptocurrency market pulls out of its present downtrend.
With Ripple’s current market cap almost hitting $30 billion and its innovative financial solution, Ripple is poised to recover from its price crash which was a direct result of the SEC suing Ripple for raising $1.3billion via the selling of unregistered digital security assets.
Binance Coin (BNB)
If you have missed out on Ethereum, you shouldn’t miss out on the Binance coin. The Binance coin launched at $0.15 in 2017, recorded an ATH of $686.31 on May 10, 2021, before drawing back to $283.39 at the time of writing.
There’s a strong indication that BNB will explode, hitting above the $1000 benchmark before the end of 2021 based on increased demand for BNB. Like Ethereum, Binance serves as a platform for DeFi projects, thus creating a strong demand for Binance Smart Chain (a variant of BNB that powers the Binance Blockchain ecosystem).
Additionally, the Binance ecosystem is being widened as the DeFi community has taken to the Binance blockchain to develop various DeFi projects. Other uses likely to drive the price of BNB up include liquidity pools, NFT payment, and DEX trading.
Polkadot was created as an improvement of the Ethereum Network when some of Ethereum’s founders broke away. Although the coin is relatively new, it has seen increased adoption due to its flexible blockchain technology, making it compatible with other blockchain networks.
Polkadot’s strong selling point might be its parachains which is a term used to refer to its connected blockchains which run parallel to each other, thus reducing the likelihood of network overload while speeding up transactions.
Also, at $14.94, Polkadot is experiencing increased demands as cryptocurrency speculators hope to make a fortune from it, hoping that Polkadot’s price will skyrocket, surpassing $61, before the end of the second half of 2021. This is a conservative price prediction as speculators hope for a price surge to over $500.
Bonus: Pi Coin
The Pi coin holds no value since it still exists in the test net. However, there are heavy speculations that Pi will launch at a price between $1 to $100; this coin will likely see a great upsurge due to its large number of holders (over 10 million), its ecosystem of pi utilities, and a platform for developers to host their apps.
Also, increased social media hype will be a key factor in driving the prices of the pi coin to unprecedented heights, but might not sustain such price moves without real-world application. Overall, speculators hope to hit it big as the coin is being touted as the next Bitcoin even before launch.
There you have it, the five cryptocurrencies that are likely to explode in the second half of 2021. The list is inexhaustive, but the five coins talked about above will likely experience price explosions based on their use cases, ecosystem, and community backing.
Note: when investing in cryptocurrencies, you should do so with spare cash since the cryptocurrency market is a market that thrives based on speculations.