New cryptocurrencies are common. Sometimes it seems that every self-respecting crypto enthusiast wants to launch his coin. Let’s try to figure out which new cryptocurrencies in 2021 are the most promising.
New Cryptocurrencies with Potential
New digital assets have different features:
- NSFW, based on the description, is used to buy adult NFT tokens.
- GCAT runs on DeFi contracts and aims for a total of 999 million coins, but they will then be burned at regular intervals until only 1% remains.
- Internet Computer (ICP) allows users to participate in the blockchain network of the same name. The cryptocurrency entered the top ten by market capitalization right after its launch in May 2021.
All of these are very new projects, so it is difficult to predict which of them are worth paying attention to, let alone which ones to invest in. However, analysts remain optimistic about the ICP. For example, the Wallet Investor portal predicts that it will reach $882.98 over the next year, and also believes that the coin has the potential to reach $3659.45 over the next five years.
In the future, new cryptocurrencies are expected to appear that can shake up the market. Diem, offered by Facebook, is considered one of the most promising. The internet giant intends to launch a cryptocurrency that will be pegged to the US dollar. The launch date is 2021. The parent organization will not be Facebook itself, but the Diem Association was created as a division of FB in charge of cryptocurrencies.
Diem is currently registered as a financial services provider with the US Financial Crimes Agency (FinCEN). Facebook said the pilot will be joint with Californian bank Silvergate, although the exact date has not yet been announced.
While Diem is supposed to be pegged to the dollar, the concept is gaining attention primarily due to its link to the largest global social network and its brand. Many who otherwise would hesitate to get involved with cryptocurrencies can now pay attention to this segment, which can, as a result, attract fresh investment to the market and cause growth.
In 2021, a lot of promising cryptocurrencies appeared that deserve the attention of investors. Information about them can be found in various sources. But those who want to save time and quickly receive up-to-date news and analytics should carefully study the opinions of experts and traders.