New Delhi: The world is full of cryptocurrencies and since the first half of 2021 popularity of crypto has increased rapidly which has resulted in the rise of new and young crypto coins. More and more people have gained interest in the crypto world. So, if you are willing to invest in the market then you must need to look out for these coins before they shoot up.
You must need to know that there are two sides to every market and the Crypto world has its too. Many people will suggest to you that if in the market the prices are going down then you should buy as it will be recovered later, on the other hand, some will suggest that you should sell all the coins to avoid the loss.
If you just entered this booming crypto world then you must know how different influential people control the market. Powerful people like Tesla Chief Elon Musk can bounce a crypto just by a single tweet.
People who want to invest in the market must remember that the crypto world is volatile just like the stock market. So, go ahead only if you can take the risks.
BITCOIN
Bitcoin price is under bear territory right now which had led it to a 19% downswing over the past several weeks. Recently, El Salvador adopted Bitcoins as legal tender and became the first country in the world to do so.
Bitcoin has always managed to attract the interest of the big companies and financial entities across the world.
The bitcoin is expected to increase up to $318,417 by December 2025, says a financial expert panel
It is expected that Bitcoin can reach $66,284 by the end of 2021 which is just $2,000 more than the all-time high of $64,234 as of April 14, 2021
Dogecoin Price Prediction
Crypto which started as a joke has now become the father of all the meme coins. Dogecoin was one of the coins that saw a major meltdown in May which started after Elon Musk’s big decision to stop Bitcoin as a mode of payment. Musk has always backed the Doge but still, that can’t stop it from falling.
DOGE has gained some value since July 17 but it is still in the weak zone but indicates a shift in the trend.
As the graph depicts, Coin has risen more than 15,000% in the last 6-7 months which helped it to enter the top five most valuable cryptocurrencies by market cap.
Ripple’s XRP
Ripple which was released in 2021 is actually one of the oldest blockchain projects in the world. It is not like the other coins as its goal is to make cross-border payments easier.
As per Coinpedia, Its price jumped from $0.2 and touched the $0.5 mark in February which helped it to rally its price close to $1 in April. Reacting to the previous rally, the coin touched early highs at $1.9 but the market crash brought the price of the coin to $1.06.
It is expected that by the end of this year XRP can easily grab lots of investors and a bullish market can take its price to the $1.443 mark.
Shiba Inu
Shiba Inu who claims itself as the Dogecoin killer is still continuing to fall as it tried to recover from the bear claw but couldn’t make it. It is still in the bear market which gives you the chance to buy it more as it is expected to go up by the end of 2021.
The Crypto market saw an upbeat momentum in the past week and SHIB also extended its upswing by riseing above the support area of $0.00000590.
The analysts believe that SHIB can increase in the coming year and it is expected that by the end of 2021 the price will reach $0.0000202.
