BitMart, a premier global digital asset trading platform, published a Cryptos of the Year 2020 report. The report reveals outstanding projects that defined the year in blockchain and thought influencers who come from DeFi ecosystems and the Web 3.0 universe.
The BitMart research team has reviewed all coins listed on its platform and selected the top 10 coins that might be worth paying attention to, based on their popularity among investors, year-to-date return rate, and the potential to increase in value over time.
Besides, BitMart spoke with blockchain entrepreneurs and experts from the selected project teams to learn their views on what is coming for Bitcoin and the crypto world in 2021.
Click here to review the complete report.
- Loopring (LRC)
- Energy Web Token (EWT)
- Injective Protocol (INJ)
- ShareToken (SHR)
- The Sandbox (SAND)
- Akash Token (AKT)
- Apollo Currency (APL)
- SparkPoint (SRK)
- Crust (CRU)
- SocialGood (SG)
Bitcoin price prediction
Almost everyone agrees that 2021 is going to be big, especially for Bitcoin (BTC), with more and more major financial institutions embracing crypto as payment or investment choices. “Between real enterprise adoption and its growth as a hedge against fiat currencies, we predict that 2021 will be a very good year for BTC,” commented Walter Kok, CEO of Energy Web Foundation.
Andy Agnas, founder and CEO of SparkPoint, is also optimistic about Bitcoin’s price. “We can say that BTC will continue breaching new heights in 2021. But of course, there will be some occasional dips in price, but it won’t be as harsh as what happened in 2018, where it hit its lowest.” Meanwhile, Steve McCullah, CEO of Apollo Fintech, thinks it may have a long period of stabilizing in between increases.
Color of the crypto world
Jay Zhou, chief operating officer of Loopring, thought the color of the crypto world in 2021 would be “deep green.” He is not alone — about half of the influencers BitMart interviewed agreed that green, which represents a bullish market, will be the color of the new year. “We see true long-term adoption from more traditional investors. We’re bridging the gap between consumers and blockchain technology through NFTs and our unique approach to play-to-earn in games, which brings the ‘green light’ to consumers,” said Sebastien Borget, co-founder and chief operating officer of The Sandbox.
Others selected colors like yellow, orange and blue as the color of the year 2021, considering these colors are illuminating. Tim Bos, CEO and founder of ShareRing, regarded gold as the color of 2021 because more consumers will be using blockchain-powered products, and this would be a “golden opportunity” for anyone passionate about blockchain technology to change their lives for the better.
2021 investment choice
The 2021 keywords of investment give a glimpse of what fields the influencers think will be promising in the blockchain field. A recurring theme is that many seem to agree that 2021 will be an exciting year for BTC, Eth2, nonfungible tokens and DeFi use cases.
Eric Chen, a co-founder of Injective Protocol, believes the on-chain application would be his choice of investment. “Injective Protocol are working to build a fully decentralized, trustless, censorship-resistant and open-source protocol that users can access from all around the world. The biggest milestone undoubtedly was the early access launch of our Solstice testnet,” he added.
Greg Osuri, CEO of Akash Network, said Composability, Web 3.0 and DeCloud are his top three choices. “2021 will be the year Akash breaks the ground with mass adoption,” he explained, continuing: “Akash started with solidifying their position as the premier non-custodial hosting platform for blockchain nodes and DeFi frontend and expand our markets to data-intensive workloads such as machine learning and AI workloads.”
Views: How the pandemic shaped the crypto world
Soichiro Takaoka, founder and CEO of Social Good Foundation, believes that the government’s fiscal spending in response to the pandemic will, as a result, reduce the value of cash and increase the value of cryptocurrency. Bova Chen, CEO of Crust, agreed that since the pandemic has intensified the global economic recession, people need to hedge against inflation, and cryptocurrencies would become a better choice for investors.
“While Bitcoin is making tons of headlines, there are other booming projects that are making real-world applications of blockchain technology possible, especially in the financial industry. We are thrilled to announce the release this report to honor these valuable projects and the teams who innovated on the ground-breaking blockchain use-cases,” commented Sheldon Xia, founder and CEO of BitMart.
Click here to review the complete report.
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