Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Could these Newly Launched 2021 Crypto Projects Worth Looking into?
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2021 has been the year of the crypto world. The year began with an excellent market bull run that positively impacted the entire crypto world. The NFT craze in 2021 has also been another popular season, with many investors earning millions from NFT related assets. Defi has also been a source of profits for investors globally.
Apart from the market bull run and Defi and NFT growth, many cryptocurrencies launched in 2021. However, very few of those that launched have proven to be excellent assets and could probably be lucrative in the future. This guide focuses on the most promising cryptocurrencies launched in 2021.
Internet Computer
The Internet computer is probably the most promising crypto asset launched in 2021. The Coin was introduced by another crypto-related network Dfinity and planned to introduce the internet of blockchains.
The possible solutions to the internet computer coin include Defi, decentralized website, and IT systems for business. This network is taking on behemoths like Facebook, Twitter, and Google by storm.
Why is ICP the most promising asset? This all comes from its performance in the few days of its launch. In merely 3 days, the Coin had surpassed the $35 billion mark in market cap. Later, the Coin went beyond $45 billion, becoming the fourth largest crypto on CMC.
If, as a new coin with very few users, the currency can perform in such an excellent way, what if it lasts for months? The fact is, once its adoption increases and it offers more services, ICP stands to be among the most viable crypto assets of the future.
Mina Protocol
Mina, the primary cryptocurrency of the Mina protocol, is another crypto asset that could be an excellent investment option. Today, the Coin, which it launched just a few months ago, is priced at $2.76, has a market cap of $533 million, and a 141 rank in coin market cap. So, what services will this Coin be providing?
It launched mina protocol to be the world’s lightest blockchain, powered by its network participants. So what makes this platform a highly promising investment for traders?
Generally, it comes as a first-of-its-kind blockchain meant to interconnect the real world to the advanced crypto world. According to its website, the blockchain is the lightest, around 22kb, the size of a few tweets.
This network will help in easing the process of running decentralized applications by lowering the computational resource needs. Therefore, the network and the Coin powering it Mina are most likely going to see much success.
Flow
Another crypto asset that launched in 2021 and will prove excellent for investors is a coin dubbed Flow. Flow is the native Coin of the Flow ecosystem and is powered by the flow blockchain.
The Flow blockchain has enhanced ease and usability to make it highly accessible to many people globally, hosting apps, games, and digital assets. In addition, the network carries a vast array of features, including multi-role architecture, resource-oriented programming, developer ergonomics, and frictionless consumer onboarding.
According to some sources, many people and different brands are building on the Flow blockchain. In addition, the Flow network has a vast array of partnerships with top entertainment brands, including Warner Music, NBA, UFC, and Ubisoft.
The Coin’s price performance in CMC also shows how dependable this Coin is as an investment option. At launch, the Coin was trading at around $8. However, since then the Coin has been launched, it has climbed to about $36. The Coin’s price currently stands at $22.43, a market cap of $1.1 billion, and 70 in the rankings.
Symbol
The Symbol is another crypto asset that proves to be an excellent investment asset and was just recently launched. This Coin is based on a public blockchain that aims to reduce business friction and help in protecting assets.
The Symbol was launched on March 21, 2021, leveraging a hybrid blockchain system, which has enhanced speed, security, and user-friendliness. The new blockchain will vastly help improve data flow between businesses and protect the user’s assets.
The Coin has a current market cap of around $660 million and a lot of potentials.
Final Word
Although it launched many crypto assets in 2021, the five mentioned earlier are the most promising of them all. ICP is taking the first spot since the coin is currently in the top 50 coin market cap rankings. Ever since its launch, it has attracted millions in investments and proven to be highly reliable.
Btc
Bitcoin
$62.547
price
price
0.84959%
price change
Mina, Flow, and XYM are among the most promising crypto assets launched in 2021. The protocols they use and the services they provide are the main things increasing their demand. However, 2021 is still mid-way, more assets will be launching, and maybe they will prove to be more reliable assets.
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