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5 Best Bitcoin Alternatives in 2021

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Digital money which takes the form of tokens or coins is said to be cryptocurrency. Which some have entered the physical world in different ways, most of the cryptocurrencies remain intangible.

There are more than 2,000 cryptocurrencies but Bitcoin has been a trendsetter, leading in a wave of cryptocurrencies built on a decentralized peer-to-peer network. But the field of cryptocurrencies is always expanding, Bitcoin is not the only big cryptocurrency available, and the next great digital token may be released tomorrow, for all we know.

Last year was the most challenging for our global economy and traditional ways because of the pandemic. With the lockdown and fear of recession, more of the institutional investors took a step towards cryptocurrencies as a savior against the major economic threats. Hence this year, 2021, seems the best for cryptocurrency investment. But not only in Bitcoin. So here we bring to you the best Bitcoin alternatives to invest in 2021.

1.   Ethereum (ETH)

Defi (decentralized finance) is one of the fastest-growing trends in the cryptocurrency world. It transforms insurance, loans, etc., and makes them independent from centralized financial institutions. Ethereum, the second-largest cryptocurrency after Bitcoin, is the best choice for getting into Defi.

Ethereum is the best cryptocurrency to invest in 2021 because it was one of the outstanding performers in 2020. It has a market capitalization of $68,127bn.

Ethereum is a decentralized software, open-source blockchain network without any third party interruption. It’s the best option for decentralized apps (dApps). In addition to its own cryptocurrency named Ether (ETH), the Ethereum software also supports other crypto currents that are also active in the decentralized finance sector like Maker (MKR) & Aave (AAVE).

2.   Ripple (XRP)

Launched in 2012, now the third-largest cryptocurrency, Ripple is an alternative financial payments system that offers 100% safe, instant, certain, and low-cost international payments. Its blockchain has expanded to more than 40 countries. With its unique consensus ledger, which doesn’t require mining, and other special features, Ripple sets itself apart from other Bitcoin and altcoins. With growing support from different banks and commissions like HDFC Bank Limited, the Bank of America, the European Commission, etc., Ripple seems to be a great choice for investors since its future looks bright.

3.   Litecoin (LTC)

Launched in 2011, Litecoin is pretty affordable among the options. It’s based on an open-source global payment network that is not controlled by any central authority and uses “script” as a proof of work, which can be decoded with the help of CPUs of consumer-grade.

Litecoin is pretty similar to Bitcoin but it offers a faster transaction confirmation time because it has a faster block generation rate. Some specialists also believe that its price will increase in the coming years. Hence this time investing in Litecoin can be very fruitful.

4.   TRON (TRX)

Tron is a peer to peer, blockchain network whose founders were targeting to revolutionize the entertainment industry and democratize content creation and they got the perfect opportunity in 2020. Tron works as a content sharing platform on which users create or share their content to get rewarded with TRX, without a middleman. It also has a bunch of great partnerships like Samsung, oBike, etc. Tron Foundation has been in some controversies recently because of its founder Justin Sun but it’s a great cryptocurrency to invest in right now because it’s growing continuously.

5.   Binance Coin (BNB)

Binance Coin, the official token of the Binance cryptocurrency exchange platform, is a decentralized platform where users can buy and sell Binance coins but can also use BNB to convert other cryptocurrencies from one to another. It was originally hosted on Ethereum until Binance decentralized exchange (DEX) went online in 2017 with a different mission.

Founded in 2017, Binance DEX has become one of the biggest cryptocurrency exchange platforms which has helped with the popularity of digital assets. It also lets users pay for some goods and services and offers a discount to users who pay transaction fees on the exchange with BNB. It’s a good time to invest in BNB right now because it’s gaining popularity and for all, we know it could be the most famous one soon.


Conclusion.

It’s only a matter of time before cryptocurrencies and crypto payments are adopted as a whole. After all, 2021 is going to be one of the greatest years for the entirety of the crypto market.

Invest in these cryptocurrencies other than Bitcoin and take advantage of this situation before it’s too late.


Source: “Jeremy Collins is a Chicago University graduate who has been working in advertising for the last ten years. He is an expert designing and marketing specialist in most social media platforms including Facebook and has been working with the forum ever since it starts years ago.”

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Bitcoin (BTC) Price Prediction: BTC/USD Hits $50,000 High and Retraces, May Find Support above $47,000 High

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Bitcoin (BTC) Price Prediction – March 2, 2021
Today, Bitcoin price has traded and reached the psychological price level of $50,000. However, after testing the resistance zone twice, the king coin was resisted. BTC price has retraced to $47,400 low. Bullish signals are indicating a possible upward move of the coin.

Resistance Levels: $58,000, $59,000, $60,000
Support Levels: $40,000, $39,000, $38,000

BTC/USD – Daily Chart

Before the upward move to the recent high at the $50,000 psychological price level, Bitcoin has been in a downward correction.BTC price was earlier confined and was fluctuating between $44,000 and $48,000. Sellers attempted to break the $44,000 support twice before the BTC price rebounded above the support level and resumed upward. As Bitcoin hit the $50,000 high and retraced, there is the tendency of a possible upward move of the coin. If the bulls break the $50,000 high, the market will rise to retest the $52,000 resistance. The bears may likely mount a stiff resistance at this level. Nonetheless, if the bulls can clear the $52,000 resistance zone, then the BTC price will rise to retest the $58,000 overhead resistance. In the meantime, buyers are still struggling to break above the $50.000 high.

Crypto Users Can Buy Hyundai with Bitcoin, Not Just a Lambo
Crypto holders in North America are privilege to purchase their next vehicle with BTC. The auto dealer is located in Quebec and Florida, and the company accepts digital asset payments in its daily operations. According to reports, over 500,000 vehicles have been sold by the company for the past 25 years. The company maintains a warehouse in Miami that has a stock of over 1,000 cars. The company sells a wide variety of used cars, from Hyundais to Lamborghinis. Crypto users can use their funds to buy practical cars in addition to luxury vehicles. The company claims to have the largest inventory of vehicles in Canada. In terms of accepting crypto payments, the dealership said: “We’re pleased today to be at the forefront of technology, giving our customers another payment option. We also believe it will be advantageous to keep some of our assets in cryptocurrency.”

BTC/USD – 4 Hour Chart

Meanwhile, buyers have been able to push the BTC price to $50,000 high. In the same vein, the Fibonacci tool has indicated an upward movement of the coin after a retracement. On March 1 uptrend, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement implies that the BTC price will rise and reach level 1.272 Fibonacci extension or the high of $52,029.50. The BTC price will reverse after attaining the recent high.

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Source: https://insidebitcoins.com/news/bitcoin-btc-price-prediction-btc-usd-hits-50000-high-and-retraces-may-find-support-above-47000-high

The post Bitcoin (BTC) Price Prediction: BTC/USD Hits $50,000 High and Retraces, May Find Support above $47,000 High first appeared on CoinGenius Hosts Virtual Crypto Event. Checkout PrimeXBT
Source: https://coingenius.news/bitcoin-btc-price-prediction-btc-usd-hits-50000-high-and-retraces-may-find-support-above-47000-high/

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Crypto Projects Continue to Partner With Sports Teams

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Cryptocurrency adoption is slowly but surely spreading across the World. Projects are branching out their marketing budgets and partnerships to sports teams in a bid to gain further recognition. BeInCrypto looks at crypto projects that have partnered with sports teams.

Cryptocurrencies have found many weird and wild ways to gain users’ attention, from making use of crypto influencers and celebrities to dishing out tokens to die-hard followers. However, in an ever-growing industry, marketing plans need to adapt, and projects need to grow. Crypto has slowly entered the sporting world as we look at several teams that feature cryptocurrency sponsors. 

Aston Martin Formula One & Crypto.com

However, racing has featured crypto projects before, with less purpose than the brand new partnership between the newly formed Aston Martin Formula 1 team and Crypto.com.

Previously, DogeCoin managed to raise $55,000 to have a Nascar sponsored with the Shiba at Talladega. However, the sponsorship was more of a meme than anything else. The recent partnership between Aston Martin Cognizant Formula One Team and the popular cryptocurrency app Crypto.com represents something more significant. The partnership focuses on the growth of technology and cryptocurrency innovation.  

The partnership becomes the most recent between a sports team and a crypto project. Co-founder and CEP of Crypto.com Kris Marszalek commented on the move in a press release, stating:

“In only four years, we have built the world’s most secure and fastest-growing cryptocurrency platform serving more than 10 million customers worldwide. We’re proud to be partnering with Aston Martin as they return to Grand Prix racing, especially as the first cryptocurrency platform to be sponsoring an F1 team.”

Aston Martin Executive Chairman Lawrence Stroll also commented on the move, expressing how impressed he was with the growth and management of the Crypto.com project. Stroll also expressed the team’s desire to grow with the times and remain innovative, saying:

“This partnership with Crypto.com really puts Aston Martin Cognizant Formula One™

Team at the forefront of the boom in cryptocurrency and blockchain technology.”

StormGain Partners With Serie A’s SS Lazio

Cryptocurrency sponsors of football teams are also picking up. The most recent being that of cryptocurrency exchange and wallet provider StormGain. The multi-year partnership sees one of the oldest and traditional football teams in Italian football merge with one of the most innovative crypto platforms on the market. Offering the perfect synergy of sports and crypto combined. 

SS Lazio Marketing, Sponsorship and Event Director Marco Canigiani commented:

“We are very proud of this partnership that will reinforce our innovative positioning. Our partnership will help us widen our international landscape and create at the forefront projects for our fans”.

Alex Althausen, CEO at StormGain said:

StormGain is delighted to partner with SS Lazio, a world-famous team with a rich history and values which echo our own perfectly. Through this sponsorship, we’re thrilled to join the worlds of crypto trading and football together and offer many exciting benefits for our clients, who can win exclusive access to the Roman superstars and unique prizes thanks to StormGain. We look forward to the start of a new season, which, no doubts, will be exciting and yet different from any other!”

The biggest impact within the sporting industry and cryptocurrencies has to be Chiliz. Chiliz is touted as being the world’s leading blockchain fintech provider for sports & entertainment. The project has launched a plethora of fan tokens within the football sports industry. The tokenized sports and entertainment exchange now features fan tokens for some of the largest football teams in the world. Teams with digital fan tokens now include Barcelona, AC Milan, Galatasaray, Paris Saint-Germain, AS Roma, Juventus, and Atletico Madrid. 

The fan tokens have proven to be a great tool that incorporates fans and generates revenue.

The crypto project may have had big plans early on. Those plans have now come to fruition, but the company has further plans. Chiliz announced earlier this week that it would be investing $50 million into an expansion into the United States. It is inevitable that Chiliz targets one of the biggest sporting countries on the globe. CEO Alexandre Dreyfus commented on the news saying:

“We head to the U.S. with a proven track record in generating millions of dollars of revenue for some of Europe’s biggest sporting organizations”. 

The New York office will look to capitalize on the major sporting teams on the continent. The expansion looks to further grow the digital token sector. The company is currently in talks with Formula One teams and even esports teams.

The growth of the cryptocurrency industry coupled with adoption in sports, will slowly intertwine, and it is very likely that it will be commonplace to see cryptocurrency projects within sporting teams in the future. Either through sponsorships, fan tokens, NFTs, or even blockchain providers. 

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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Ryan is a Fintech specialist with a passion for cryptocurrencies and blockchain adoption. He discovered Bitcoin in 2016 when investing in a Ponzi scheme, and it was the best decision he ever made.

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Source: https://beincrypto.com/crypto-projects-continue-to-partner-with-sports-teams/

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Why March 2021 may see Bitcoin register yet another pullback

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In the current Bitcoin price rally, it is a widely known opinion that miner inflows to spot exchanges have led to a drop in the cryptocurrency’s price. However, on observing the drop from $58,000 to $43000 closely, it becomes increasingly clear why inflows from miners may not be entirely bearish. In fact, miners deposited nearly 61,005 Bitcoins, based on data from CryptoQuant,

Why increased Bitcoin inflow from miners may not be bearish

All miner outflow || Source: CryptoQuant

Now that the cryptocurrency’s price has recovered and the asset is trading above $48,000 again, ideally, miner deposits should have dropped too since this would, in turn, allow the price to hike as well. However, the bounce in price came despite deposits of over 9,500 Bitcoins to spot exchanges in the last 24 hours. While this may be a mere observation, what is clear is that miner deposits are not entirely driving Bitcoin’s price this market cycle.

One of the top factors influencing the current surge in price may be the ETHBTC correlation and institutional demand. Bitcoin’s price is currently below the 100-day moving average. With the ETHBTC correlation back above 70% and increased institutional investment in Ethereum, Bitcoin’s price has recovered by over 5% in less than 24 hours.

Besides institutional investment flow in Ethereum, institutions like MicroStrategy are leading another wave of Bitcoin investments. However, none of these metrics hint at a revival in price, like the one observed in January, before the price hit a new ATH. Ergo, there may be a further decline in price, as has been the usual case in the month of March, historically.

To date, this is the most consistent seasonal pattern in Bitcoin. Why is this the case? Well, it may be tax-related.

Why increased Bitcoin inflow from miners may not be bearish

Bitcoin monthly returns || Source: Unfolded

Based on Bitcoin’s monthly returns from Unfolded, the cryptocurrency’s price has consistently dropped in March every year. In fact, it has dropped by double digits since 2014, while recovering soon after in a month or two.

Though such drops can be seen in the month of September as well, the March one is considered more significant since the former has seen some instances where the opposite has happened. The example of March 2020 best illustrates this, with the cryptocurrency dropping by over 40% in a matter of hours.

Ergo, based on these observations, retail traders can expect a further pullback in price, before the end of March 2021.


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Source: https://ambcrypto.com/why-march-2021-may-see-bitcoin-register-yet-another-pullback

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QuickSwap DEX Offers Credit and Debit Card Support

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The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

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Source: https://cryptobriefing.com/quickswap-dex-offers-credit-and-debit-card-support/

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