5 Best Cryptocurrencies To Buy & Keep Your Eye On In 2021

How do you identify the best cryptocurrency to keep your eye on in 2021? For most people, it’s a guessing game–which is quite risky. In this roundup, we explain the best digital assets to invest in for the long term.

1. Bitcoin (BTC)

We start with crypto heavyweight Bitcoin. BTC is the first cryptocurrency to keep your eye on for the long term. It has the fundamentals, huge inflow from investors and has been bullish this year.

Data from blockchain data provider, Glassnode shows that Bitcoin has seen a surge in transfers over the past week. The figures rose from 30% from 250,000 to 325,000 active entities per day.

#Bitcoin has seen a resurgence in Active Entities over the past week, rising by 30% from 250k to 325k active entities per day.

This degree of activity was sustained in July 2020 when $BTC prices were around $11.3k in Q2-2020.

Live Chart: https://t.co/jsxqAS9wdk pic.twitter.com/TWtrtLvneh

— glassnode (@glassnode) July 30, 2021

Institutional investors have also rekindled their interest in the top digital asset recently. This was evident when billionaire Elon Musk confirmed Tesla’s plans to resume Bitcoin payments.

Twitter boss Jack Dorsey has also joined the party. Dorsey revealed that Bitcoin would be a big part of the social media company’s future. The Twitter and Square boss plans to integrate Bitcoin with Twitter products and services as he thinks the crypto asset would become the native currency of the Internet.

Bitcoin is currently trading at $38,962. The asset is on a bullish trend, as confirmed by the 20-day Moving Average (MA) pegged at $38,820. Long term prospect of the crypto seen in 200-day MA is also upward at $38,786. This same trend is supported by the Relative Strength Index (RSI) moving to the overbought area at 68.71.

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2. Stacks (STX)

Stacks is one of the projects aiming to combine decentralized finance (DeFi) features with the security of the Bitcoin network. It is a layer-one blockchain protocol designed to bring smart contracts and decentralized applications (dApps) to the Bitcoin network.

The Stacks blockchain has attracted a lot of attention this year. Earlier this month, Stacks created and sold the first-ever Bitcoin NFT from the Stacks blockchain.

The Stacks Foundation recently kicked off a new portal called Clarity Universe. The portal is focused on creating awareness for the Clarity smart contract language. The clarity language event is meant to mark the beginning of a new era of smart contracts on Bitcoin.

This recent news has been attributed to be the reason for the rising STX price.

STX gained 12.68% in the last 24 hours and is currently trading at $1.26. The technical indicators show a slight downtrend with the 200-day MA at $1.22. The 20-day MA is also at $1.21. STX’s RSI is at $31.62.

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3. ThorChain (RUNE)

To determine which cryptocurrency to keep your eye on, you need to learn the ups and downs of the digital asset. For popular decentralized exchange (DEX) protocol ThorChain, the exponential growth of its native token RUNE has shown why long-term investors are stacking it.

The cross-chain interoperability protocol has received support from several prominent figures, including ShapeShift’s Erik Voorhees and Delphi Digital’s Tom Shaughnessey.

Even though it currently trades above its 200-day Moving average of $5.282, RUNE is still in a good stand to begin a bullish run. On the 24-hour trading chart, RUNE is trading at $5.34. The digital asset’s RSI is above the oversold area at 57.33.

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4. Solana (SOL)

Solana’s exponential growth this year makes it one of the cryptocurrency to keep your eye on. The project is currently planning on launching another DeFi hackathon. The hackathon dubbed Building out Loud is a three-week-long initiative for Indian developers and entrepreneurs.

Solana’s growth has been impressive. The protocol aims to be a more scalable competitor to Ethereum.

This year, the platform has been attracting numerous DeFi projects. The latest protocol to launch on the Solana network is Neon Labs’s Ethereum Virtual Machine (EVM) solution.

Big news – @neonlabsorg is bringing EVM support to Solana 🥳

Today: Start building on testnet
Q3: Deploy on Mainnet Beta https://t.co/4CZ93Uhw5v

— Solana (@solana) July 20, 2021

SOL is currently on a bullish trend in the daily chart, which is why it is one of the cryptocurrencies to keep your eye on. The token is presently up 9.72% in the last 24 hours and is trading at $30.82.

SOL’s RSI is nearing the overbought zone at 62.31. Its 20-day moving average stands at $30.49, while its 200-day MA shows the asset come back at $30.8.

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5. Ontology (ONT)

Ontology, the open-source blockchain that specializes in digital identity and data, is next on our list of the top cryptocurrency to keep your eye on for the long-term.

Ontology offers its users a number of advantages, including allowing businesses to build their own blockchain on top of the ONT platform. The platform offers businesses the flexibility of creating customized blockchains for security and governance purposes.

The project, which was formed in 2018, offers various cross-chain collaborations and Layer 2 scalability for businesses and enterprises.

Price-wise, its native token ONT made massive gains earlier this year when it hit a record high price of $2.693. However, like many digital assets, its price dipped following a major market correction in May. ONT was trading at a price of only $0.611 a few days ago, but the asset is now trading at $0.783.

ONT’s RSI shows that the digital asset is underbought with a score of 44.68. However, the 200-day moving average of ONT shows a bullish trend as the token has moved to $0.782.

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