Every month, hundreds of new cryptocurrencies, whether altcoins or tokens, are released. There were a total of 10,115 people in May 2021. (via CoinMarketCap). By early November, the total had risen to 13,785.
Before investing in any cryptocurrency, as with any other, it’s important to conduct thorough research.
SafeMoon (March 2021), Internet Computer (May 2021), and Dubai Coin (May 2021), for example, were all released in the first half of the year. In May 2021, the Chia network began accepting transactions.
New Cryptocurrency Releases November 2021
Looking ahead to November 2021, there is a slew of new currencies and tokens to look forward to.
Spartacus (SPA), Ninja Fantasy Token (NFS), Exodia (EXOD), and Omax Token are among them (OMAX)
However, before investing in a new cryptocurrency, as with any other, it’s important to conduct extensive due research. For example, the Squid Game Token was first published in November and quickly gained interest before plummeting 99.99 percent after a claimed rug pull.
Upcoming Cryptocurrency Releases 2021
Looking further into the future, the Facebook-backed digital currency Diem (previously known as Libra) may release towards the end of the year, or in 2022.
Amazon may have plans for its digital currency, but its denial of reports that it will accept bitcoin anytime soon suggests that this is still a ways off. It may be to the chagrin of Shiba Inu Coin collectors, who have started several petitions requesting that Amazon list SHiB.
There is also a slew of initial coin offerings (ICOs) starting in 2021 for both tokens and platforms. Genopets, Guild of Guardians, and the FC Porto Fan Token are among them.
Cryptocurrency may have begun as a maverick-dominated Wild West of investment, but it is now firmly established in the financial mainstream. Even in a year marked by volatility and regulatory crackdowns in China and elsewhere, institutional investors and large banks regard it as a major asset.
Consider the following if you need proof of how volatile it is: Bitcoin, the world’s largest crypto, had seen its price fluctuate from a 52-week high of nearly $65,000 to a 52-week low of less than $10,400 as of late September.
Despite the volatility, many cryptocurrency investors are still looking for the next big payday. Continue reading to find out which cryptocurrencies are poised to take off soon.
How To Spot The Next Big Cryptocurrency
Before determining which cryptocurrency will be the next big winner, it’s important to comprehend why so many investors are drawn to cryptocurrencies in the first place. Much of it has to do with a fundamental shift in how digital assets are seen, according to Jeff Dorman, chief investment officer of Arca, a digital asset-focused financial services organization.
Profit and Gains from Crypto
However, much of the public’s attention is still focused on cryptocurrency, owing to the enormous potential profits. When looking for the next major cryptocurrency, two things to look for are market capitalization and pricing, which are comparable to what a stock investor would look for.
Market capitalization is useful in crypto since it reveals how much money has been invested in a certain network. The bigger the market cap, on average, the more stable the asset, yet it also means the coin has less room to expand. It’s also crucial to monitor the price to see if investors are optimistic or negative about the cryptocurrency.