- Many crypto-assets with high potential are reaching new highs.
- The top three richest crypto projects in 2021 are Solana, Flow and Algorand.
- Solana has raised half a billion dollars since the start of 2021.
The world is changing in terms of financial sectors. There have been numerous differences, and the adoption of new features has become the norm. Similarly, the world has embraced crypto-assets as a viable investment option. Many cryptocurrencies are now experiencing rapid exponential growth, and more well-known entities are becoming involved in the crypto market.
Crypto Space has emerged as a new trend, and it is regarded as the financial system’s future. Furthermore, there are massive digital assets with the potential to reach new highs. Now, let’s take a look at the top three richest crypto projects with strong potential in 2021.
3 Richest Crypto Projects in 2021
All three crypto projects have recently witnessed an uptrend momentum in their price charts. The top three most valuable crypto projects are SOL, FLOW, and ALGO, all of which have the potential to reach new highs in the future.
The third crypto project on the list is Algorand (ALGO). Like any other crypto projects, Algorand seeks to address the blockchain trilemma of scalability, decentralization, and security. Last month, the Algorand Foundation received a $100 million grant to fund projects based on the Algorand blockchain.
Surprisingly, this funding came from Arrington XRP Capital, a venture capital firm focused on funding projects in and around Ripple’s ecosystem. This new funding will assist the Algorand Foundation in weaning itself off its structured selling programme and motivate its early investors to hodle rather than sell whenever ALGO rises.
The second richest crypto project on the list is Flow (FLOW). Flow was originally intended to be a general-purpose smart contract cryptocurrency, but it appears that Dapper Labs has since embraced its blockchain’s obvious NFT bend.
The Dapper Zone NBA Topshots was a success, with over 1 million users and over 700 million dollars in NFT sales since its launch. Besides, in March, Dapper received $350M from many VC firm, professional athletes and also from basketball-obessed musicians. Significantly, the supply of flow will be flooded when the vesting schedule begins in October.
According to CoinMarketCap, the current trading price of FLOW is $21.55 with the trading volume of $337,634,615 in the last 24-hours. The price of FLOW has dropped to 2.51% in the past 24 hours.
Finally, the top one richest crypto project with high potential in 2021 is Solana (SOL). Most of the crypto investors would have not missed to know about Solana, as it is one of the cryptocurrencies having strong potential. It aspires to be a more advanced version of Ethereum, with a focus on decentralized financial applications and protocols.
Solana has raised half a billion dollars in funding rounds since the beginning of 2021. It has a grand total of $521 million; if we include the Solana Foundation, which helped raise funds for Korean expansion in June, the total rises to $541 million. Solana clearly exhibits a bullish trend, with the price chart exhibiting a strong uptrend with no signs of sloping down.
At the time of writing, the trading price of Solana is $33.68 with the trading volume of $453,449,384 in the last 24-hours, according to CoinMarketCap. The price of SOL has dropped to 3.88% in the past 24 hours.
The craze for the crypto market is never-ending. As days pass by, the crypto industry is gaining more investors and it is noticeable that many youngsters are stepping into the crypto market. Significantly, cryptocurrencies are the new assets, and as investors see more gains, the crypto industry will never lose its luster.
Disclaimer: The opinion expressed in this article solely author’s. It is not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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