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Cryptocurrencies have long proven that these digital assets have the potential to rise massively in the medium to long term. Even with their volatility, unregulated nature and being scoffed at by many financial institutions and governments, the fact of the matter is that for the person with a patience, they offer great rewards.
Though you will find many tokens and coins that have increased in value thousand folds, there is no way to predict even their direction. On the other hand, there are some coins that you can find out their general price movement. A good token with a sound team and an excellent application will increase in price over months and years as their true potential is realized and adoption occurs.
Let’s take a look at a few of these and how their price has moved in 2021 so far:
Ethereum
While tokens apart from Bitcoin are considered Altcoins (Alternative Coins), Ethereum long ago established that it is not an alternate to the king of crypto, but is a well-established investment and payment vehicles, especially considering that its ecosystem allows just about anyone to create their own token and run it on the blockchain, piggybacking on its vast network.
This is the very reason for the overall growth and rise of Ethereum price this year. From a greater adoption due to DeFi, altcoin season and a string of improvements, Ethereum has had a wonderful year so far.
At the start of the year, it was hovering around $735 but as the COVID 19 situation kept lingering on, people turned towards DeFi and it quickly rose in value, ultimately reaching an all-time high of $4,300 at the start of summers. Though it rapidly deteriorated in value over the next few months, it high still remains above the $3,000 mark as more and more acceptance continues. With ETH2.0 around the corner, Ethereum is set to explode in value.
Cardano
The first scientifically peered review blockchain, Cardano and its ADA token is an extensive project that is designed not by people who just want to introduce a token, but want practical and stable system with real world applications.
Cardano price has increased rapidly over 2021. Less than 20 cents on 1st January, it quickly multiplied its worth as different projects started to adopt it, impressed by its systematic iterations and scientific approach towards solving the crypto trilemma. Touching nearly $2.5 in the summers, many thought that it had reached its height along with the rest of the crypto market.
While it did fall in the next few months, following the overall crypto market movement, it surprised people who did not follow it closely when it started to increase in value as its strategy of long term development and adoption finally started to pay off. It finally crossed the $3 barrier in September and more or less has been kept itself in the $2~2.5 range.
With many believing that ADA is forming a double cup price trend in recent weeks, the price of ADA is all set to break out and rise, with many experts seeing the start of another alt season that might push it to new highs which will put its already all-time high way behind.
Ripple
Ripple and its XRP token have had a tough time with the SEC, with the regulator dragging RippleNet, the company behind it. Though Ripple price has taken a massive hit due to the legal battle, the token has gone to show that it holds a lot of potential and can still rise out as a winner from anything that is thrown at it.
At 22 cents to a token, XRP was still considered by many an extremely unpredictable token and you will find people who are staunchly against it or very passionate about it. Created for the banking industry, XRP slowly kept rising in value over spring but made a sudden to reach its maximum of $1.5 as the summer started rolling in. It also fell massively later and even though recovered, has still not achieved its previous performance. Nonetheless, hovering at around a Dollar, it still has made a 5 fold increase overall and with the litigation finally behind it, XRP with its banking system application already being adopted by financial institutions, will probably increase in overall price beyond 2021.
