5 Altcoins That Can Make You a Millionaire in 2021

[Goldlife]

Analtcoin, or alternative coin, refers to any cryptocurrency that isn’t Bitcoin, such as Ethereum and Litecoin. The price of Bitcoin has been skyrocketing lately and it’s pulling up many other cryptocurrencies with it.
Why has Bitcoin been rising in price?
One major reason is inflation and the lowering purchasing power of the US dollar. Before the coronavirus hit, the total money supply was $4 trillion as of March 9, 2020. Since then, the total money supply has risen to $6.5 trillion. With more money to spend, the price of Bitcoin rises.
total money supply M1 chart
Total Money Supply M1 Chart from Trading Economics
Billionaire investors and large institutions are now viewing cryptocurrency as a viable investment. For example, PayPal is launching a new crypto service that allows many merchants to accept digital assets as payment. Tesla bought $1.5 billion in Bitcoin and plans to use it to accept payment as well.
I could an entire book on the reasons the crypto market is so bullish. Speaking of books, here’s an amazing book that discusses the various ways that blockchain technology is changing the future of money, transactions, and business.
The time to get into crypto is now. But which ones should you invest in now? Here is a list of the top 5 altcoins that will create new millionaires in 2021.
1. Ethereum (ETH)
The first altcoin on my list, Ethereum, is a global, decentralized platform for smart contracts and a new kind of application called dApps (Decentralized Applications). These apps can be run without downtime, fraud, or interference from third parties.
The digital economy built by this community is booming and allows anyone in the world to use it if they have an internet connection. A few goals of Ethereum are banking for everyone (this is huge as some people don’t have access to bank accounts depending on where they live), peer-to-peer networking, resistance to censorship, commerce guarantee, internet privacy, and more.
In 2021, Ethereum plans to change its algorithm from proof-of-work to proof-of-stake. This is will improve transaction speed and reduce energy costs. Another benefit of proof-of-stake is that it’ll allow network participants to “stake” their Ethereum to the network. Staking is like crypto mining (proof-of-work) in the sense that it helps a network achieve consensus, but it has the benefit of rewarding those who take part.
As this change rolls out, crypto experts predict that the price of ETH will skyrocket. Many predict the price will be above $4000 by the end of 2021.



More info: https://medium.com/wealthlovers/5-altcoins-that-can-make-you-a-millionaire-in-2021-e78496747ced

[pelana vreo]

I saw a good 5 list in the article, but why don't I take a look at Binance with the BSC they've developed? what do you think buddy?
Btw, thank you for sharing this information, from here I know that the price of the ATOM coin has increased into the list of the 5 best coins.

[Spaffin]

The fact is that if we take into account the studies of already quite reputable analytical companies, they predict the growth of Ethereum to 10,000 practically in 2021 and 2022. These are quite high rates and growth may begin after the last phase of the ETH 2.0 update.