With multiple cryptocurrencies available in the market today, it’s tough to choose one with long-term growth potential. A cryptocurrency’s overall market capitalization and position does not guarantee its future price potential or a promising project development team. We have compiled an up-and-coming list of 3 monster cryptos that may be worth investing your money into.
Digital currencies have emerged as an alternative investment asset. As a result, today, several investors and institutions are seeking cryptocurrencies with massive growth potential like Bitcoin (BTC), Ethereum (ETH) & Ripple(XRP). So let us see whether these 3 monster cryptos will grow consistently in the future.
Sushiswap (SUSHI)
Sushi, the native token of Sushiswap, has been a reliable and available option to investors since its inception. It’s made itself highly cost-efficient so that it provides high liquidity for all traders at every point in time. Sushiswap is an Automated Market Maker (AMM) project conceptualized by Chef Nomi. The goal of Sushiswap is to provide a unique reward scheme that allows investors the maximum benefit out of it, through creating liquidity in the market and gaining returns on their investments.
SushiSwap is a potential cryptocurrency that has introduced an additional community control mechanism and DeFi features compared to other similar protocols. It further allows any project to gain liquidity through smart contracts known as liquidity pools. Sushi can be found on almost all major exchanges like Binance, Huobi Global, and FTX.
The SUSHI token has a promising future, with predicted increases in value and the ability to earn trading fees. The marketer of these tokens claims that holders will eventually be able to make some good profits while liquidity providers are also rewarded for participating on the network.
Sushiswap is a great investment option because it returns fees to the community that sustains and keeps it. Liquidity providers are paid back in rewards for their consistent contributions, but this AMM sends all profits back to users so no one person controls Sushiswap.
Aave (AAVE)
Aave is a decentralized financial system where people can seamlessly lend and borrow digital assets. Decentralized lending has higher interest rates than centralized lending as well as more security and privacy. To buy Aave now could be one key reason, since the coin has plenty of room for growth in future years.
Aave aims to revolutionize lending services with a number of new features, such as allowing lenders access to profitable interest rates and borrowers low-interest flash loans. Digital assets deposited in uniquely designed liquidity pools will earn interest for those who lend them while also providing quick cash through flash loans for those borrowing the funds.
The price of the altcoin Aave has seen a significant rise in its price over the past few months. One critical factor that makes it one of best coins to buy now is that it’s non-custodial, never holding users’ cryptocurrency and allowing them retain ownership easily. Since there are no wallet filled with funds for hackers, this adds to its security as well.
Aave has locked in more than $20 billion worth of value due to their current deployment. This is the reason why Aave coin’s price will likely continue increasing moving forward as it gets listed on Binance and other reputable exchanges. Analysts are saying that AAVE coins could be one of the best cryptocurrencies out there right now because they’re locking all this value into them with their development efforts.
Algorand (ALGO)
Algorand is a blockchain platform that handles borderless transactions. It’s unique proof-of-stake protocol ensures security, scalability and decentralization – all accessible to everyone! Additionally, with its straightforward technology it guarantees transaction finality as well as prevents forks from happening at the same time.
With its permissionless and decentralized public blockchain technology, the network allows everyone across the blockchain ecosystem to conduct seamless transactions with each other. The cryptocurrency can be used in several areas such as insurance, identity management/security systems, supply chain logistics infrastructure finance institutions (DeFi), gaming applications and even for government services in a more efficient way than ever before. Also, one of the applications created for identity has been helping more than 400 Africans to gain a digital identity.
By integrating scalability, decentralization and security onto a single platform, the price of ALGO has been predicted to rise substantially in recent years. Currently many blockchain transactions require users to pay high transaction fees for standard transfers that may drive away potential investors from cryptocurrency altogether. One way Algorand is able to combat this issue is by using an advanced technology called Zk-SNARKs (Zero Knowledge Succinct Non-Interactive Argument of Knowledge) which reduces computational costs associated with crypto transferral allowing more people access at less cost than before. This is one primary reason why experts believe that ALGO is one of the best 3 monster cryptocurrencies in the making that has plenty of room for growth.
Key Points:
- With robust technology, a dedicated team, and an influential investor pool, Algorand could be a good buy now for long-term investors.
- Aave, the decentralized loan system, has been invoking fresh interest in the DeFi market.
- The SUSHI token is one of the top cryptocurrencies in the making, with consistently good performance since the beginning of the year.
The Bottomline
Now is a good time to invest in cryptocurrencies that are growing rapidly. In 2021, several popular companies will accept them as legitimate payment methods and more investors from all over the world will diversify their portfolios with cryptocurrency. Bitcoin, Ethereum, and these 3 monster cryptocurrencies have been attracting many new users who think it’s a great opportunity for earning money by investing early on before they become mainstream currencies later on.
