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5 New Crypto Coins to Keep an Eye on in 2021

What's the Next Big Crypto Currency to Explode in 2021?
New Crypto Coin

What’s the Next Big Crypto Currency to Explode in 2021?

Cryptocurrencies are increasing in popularity and widespread awareness. Part of that is due to the skyrocketing values of some of those coins. A good example is the meteoric growth of Bitcoin over the years. Bitcoin’s price started at $ 0.0008 on its debut in 2010 and soared to recent highs of over $ 60,000.

Of course, Bitcoin is not the only cryptocurrency on the market. There are thousands of similar digital coins available, with more being created every day that could be the next great cryptocurrency.

5 New Crypto Coins to Keep an Eye on in 2021

With all cryptocurrency prices on the rise, many investors are likely wondering about the next cryptocoins to explode in 2021. Can prices continue to climb from all-time highs? Many analysts say they can But what about the new crypto coins? What’s the next big thing? Here are some of the top new crypto coins to consider in 2021.

Also Read Article – Crypto Token Vs Coin vs Altcoins the Core Differences

  • Internet Computer (ICP)
  • Enjin (ENJ)
  • SafeMoon
  • NKN
  • Diem

1. Internet Computer (ICP)

Internet Computer is the world’s first blockchain to run at the speed of the web with unlimited capacity. It also represents the third major blockchain innovation, alongside Bitcoin and Ethereum: a blockchain computer that scales computing and smart contract data, executes it at the speed of the web, processes and stores data efficiently, and provides powerful frameworks of software to developers.

By making this possible, the Internet Computer enables the complete reinvention of software, providing a revolutionary new way to create tokenized Internet services, pan-industrial platforms, decentralized financial systems, and even traditional enterprise systems and websites. The project was founded in October 2016 by Dominic Williams and attracted notable interest from the crypto community.

DFINITY raised a total of $ 121 million from contributors including Andreessen Horowitz, Polychain Capital, SV Angel, Aspect Ventures, Electric Capital, ZeroEx, Scalar Capital, and Multicoin Capital, and several notable Ethereum supporters. In 2018, more than 50,000 registered participants received ICP utility tokens in an airdrop. On December 18, 2020, DFINITY launched the Internet computer alpha mainnet.

In a final step towards decentralization, on May 10, 2021, DFINITY released the Internet Computer into the public domain. This important milestone means that the Internet now functions as a decentralized global computer, marked by the release of all Internet computer source code into the public domain, as well as the ICP utility token that enables tens of thousands of community members rule the internet computer. network.

Who Is The Founder of the Internet Computer?

Dominic Williams is the founder and chief scientist of DFINITY. He is a crypto theorist, responsible for the invention of Threshold Relay, Probabilistic Slot Consensus, and other novel cryptography techniques, serial entrepreneur, and early member of the Bitcoin and Ethereum technical communities. Previously, he was President and CTO of String Labs, an incubator for enterprise-backed crypto projects, a pioneer of DeFi at Mirror Labs, and founder and CEO of Fight My Monster, a children’s MMO game that reached millions of users.

He also founded several startups such as System7, Airdocs, and Smartdrivez. He graduated from King’s College London first in Computer Science

ICP Crypto coin Price Live Data

The live Internet Computer price today is $33.85 USD with a 24-hour trading volume of $127,387,374 USD. Internet Computer is up 5.23% in the last 24 hours. The current CoinMarketCap ranking is #21, with a live market cap of $4,634,129,603 USD. It has a circulating supply of 136,899,214 ICP coins and a max. supply of 469,213,710 ICP coins.

You can buy this Internet Computer (ICP) Crypto new coin on Binance.

2. Enjin (ENJ)

Enjin Coin is a project of Enjin, a company that provides an ecosystem of interconnected gambling products based on blockchain. Enjin’s flagship offering is the Enjin Network, a social gaming platform through which users can create websites and clans, chat, and host virtual goods stores.

Enjin allows game developers to tokenize game items on the Ethereum blockchain. It uses Enjin Coin, an ERC-20 token, to back digital assets issued using its platform, which means that items can be bought, sold, and traded with real-world value.

Enjin Coin was first announced in July 2017 and launched on the Ethereum mainnet in June 2018.

Enjin Coin (ENJ) is a digital store of value that is used to back the value of blockchain assets such as Non-Fungible Tokens (NFTs). Each asset minted with the Enjin platform contains ENJ, a minting resource that is locked within NFTs and removed from circulation. Mining blockchain assets with ENJ provides a variety of benefits to creators and users:

  • Infuses them with a reserve value
  • Ensures their transparency and scarcity
  • Gives them instance liquidity
  • Provides utility in games and apps
  • Anti-inflationary

Enjin’s “melting” functionality allows users to destroy their blockchain assets at any time to regain the value of ENJ from within.

Enjin’s blockchain ecosystem aims to offer software products that make it easy for everyone to develop, trade, monetize and commercialize with blockchain.

Founded in 2009, Enjin has its roots in the gaming industry, with the company’s first product, a gaming community platform called the Enjin Network, growing to 20 million users over the course of a decade.

In 2017, following an ICO, Enjin established itself as a leading developer of blockchain ecosystems, creating a suite of software products that allow anyone to easily coin, manage, trade, distribute, and integrate blockchain assets.

Enjin co-founder Witek Radomski wrote the code for one of the first non-fungible tokens (NFTs) and is also a co-author of the ERC-1155 Ethereum token standard.

Built on an on-chain infrastructure, the Enjin ecosystem enables game developers and businesses of all sizes to use tokenized digital assets as part of their acquisition, retention, participation and monetization strategies. The Enjin ecosystem is powered by Enjin Coin (ENJ), a cryptocurrency used to support the value of blockchain assets.

Who are the founders of Enjin Coin?

Enjin was founded as a gaming community platform in 2009 by Maxim Blagov and Witek Radomski, with Blagov becoming CEO and assuming responsibility for the creative direction of the company and Radomski as technical director, responsible for the technical development of their products. Blagov has described himself with experience in creative direction, marketing, and software project management and design.

The idea of ​​introducing blockchain to Enjin was first proposed by Radomski after he became interested in Bitcoin (BTC) in 2012, eventually convincing the company to accept it as a payment option. After learning about Ethereum and smart contracts, he decided that he wanted to create his own blockchain-based software. Radomski is also the author of the ERC-1155 token standard, a new standard for tokens issued by Ethereum that was introduced in June 2018, finalized in June 2019, and is used to mint both fungible and non-fungible tokens.

ENJ New Crypto Price Live Data

The live Enjin Coin price today is $1.22 USD with a 24-hour trading volume of $122,948,988 USD. Enjin Coin is up 2.18% in the last 24 hours. The current CoinMarketCap ranking is #69, with a live market cap of $1,014,841,019 USD. It has a circulating supply of 834,331,121 ENJ coins and a max. supply of 1,000,000,000 ENJ coins.

You can buy Enjin Crypto coin on different markets, such as Binance.US and Crypto.com.

3. SafeMoon

SafeMoon Protocol is a decentralized finance token (DeFi). According to the SafeMoon website, SafeMoon has three functions that take place during each exchange: Reflection, LP Acquisition, and Recording.

The SafeMoon protocol is a combination of RFI tokenomics and an automatic liquidity generation protocol. According to an article, SafeMoon plans to develop a non-fungible token exchange (NFT), as well as charity projects and crypto educational applications. With the SafeMoon protocol, token holders will earn more SAFEMOON depending on how many coins they have. This can be up to 80% APY, which is staggering compared to traditional interest accounts. The SafeMoon protocol will gain value over time thanks to its coin-burning strategy, turning it into a deflationary digital currency.

The SafeMooon Protocol will be expanded to include an NFT marketplace and a coin launch pad that will allow users to create their own cryptocurrencies through the platform. The SafeMoon protocol has an ambitious roadmap thanks to its growing popularity and they want to be listed on major exchanges, launch a decentralized exchange (DEX), and increase their partnerships by the end of 2021.

SafeMoon launched on March 8, 2021.

Who are the founders of SafeMoon New Crypto?

John Karony is the CEO of SafeMoon, according to his Twitter profile.

New Crypto coin SAFEMOON Price Live Data

The live SafeMoon price today is $0.000003 USD with a 24-hour trading volume of $15,848,058 USD. SafeMoon is up 3.07% in the last 24 hours. The current CoinMarketCap ranking is #207, with a live market cap of $1,597,437,914 USD. It has a circulating supply of 585,536,366,402,812 SAFEMOON coins and the max. supply is not available.

You can buy New crypto coin SafeMoon in different markets. such as Binance.US and Crypto.com.

4. NKN

NKN, or New Kind of Network, is an open source protocol for blockchain-based peer-to-peer public networks for sharing network bandwidth and Internet connectivity. The project was launched in January 2018 and lists Stephen Wolfram, creator of Mathematica and Wolfram | Alpha, and Whitfield Diffie, inventor of public key cryptography as advisers. NKN Mainnet launched in July 2019 and has up to 25,000 full consensus nodes (more than Bitcoin or Ethereum).

Notable use cases for NKN include:

  • Content Delivery system (contract with Chinese video giant iQIYI)
  • Edge computing (contract with China Mobile)
  • D-chat (secure messaging app)
  • Shell (secure remote terminal access).

NKN consensus algorithm is based on the Cellular Automata, A New Kind of Science and Ising Model, where a simple local majority rule can lead to system-level convergence in a small number of iterations. The goal of the design is to scale to arbitrary numbers of equal consensus nodes.

NKN uses a global addressing scheme based on public keys, to allow direct communication between peers without centralized servers. Packet routing is based on the Chord Distributed Hash Table (DHT), which maps each NKN address to a random, verifiable position on the Chord DHT ring.

NKN COIN Price Live Data

The live NKN price today is $0.205184 USD with a 24-hour trading volume of $12,213,067 USD. NKN is down 2.75% in the last 24 hours. The current CoinMarketCap ranking is #176, with a live market cap of $143,628,933 USD. It has a circulating supply of 700,000,000 NKN coins and a max. supply of 1,000,000,000 NKN coins.

Source – CoinMarketCap, Live Data was taken on 18 July 2021

You can buy New Crypto NKN coin on Binance.

5. Diem

Diem, formally known as Libra, is an upcoming global payments network expected to launch in 2021. The Diem Network will operate using the Diem Blockchain, a new blockchain designed to be highly scalable, secure, and flexible. According to its whitepaper, the project’s mission is to develop a financial infrastructure that “empowers billions of people.”

The project was first announced in June 2019 as a single global currency backed by an asset reserve. However, after much international regulatory scrutiny, Diem was revised to include a basket of single currency fiat-pegged stablecoins in addition to its multi-currency currency, XDM. In December 2020, the project was renamed from Libra to Diem, marking a “new day” for the project.

Who Are the Founders of Facebook Diem?

Diem Network is a project of the Diem Association, an independent non-profit association whose founding members included the social media giant Facebook, payment processors Mastercard and PayPal, crypto and blockchain firms Coinbase and Bison Trails, and the firm venture capital firm Andreessen Horowitz, among other financial, technology and non-profit entities. However, several founding members left the association amid regulatory scrutiny, including PayPal and Mastercard.

Facebook, although it now shares governance with the other members of the association, has been very involved in the development of the project. In June 2019, Facebook announced that it had formed a new subsidiary, Calibra, which has since changed its name to Novi, to develop the front-end infrastructure to access Diem, starting with a digital wallet that will be integrated into proprietary applications. From Facebook.

Novi is led by David Markus, who also oversees all of Facebook’s financial services and payments products. He led the development of the project at Facebook before it was launched as an independent association. Before Facebook, Markus served as PayPal’s vice president of mobile devices and later became president of the company. He has founded several companies, including the mobile payment company Zong.

In May 2020, the Diem Association appointed Stuart Levey as its first CEO. Levey was previously Chief Legal Officer of the global banking company HSBC, where he was also a member of the executive committee. Prior to this, Levey worked for the George W. Bush and Barack Obama administrations as undersecretary for terrorism and financial intelligence in the Treasury Department.

While not currently for sale, Facebook’s Diem is one of the most anticipated coins to launch in 2021. Formerly known as Libra, Diem is a stable, global, and centralized cryptocurrency project. For investors who want a more stable cryptocoin, this could be a good option. Investors expect Diem to have low volatility due to his reserves of other currencies and assets.

Also Read Article – What Are Crypto assets (Cryptocurrencies)?

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