So a lot has changes since last Bull Run. Tech has evolved, the industry has matured and the need is there. In 2021 we find a newly converted cashless society on the brink of another financial crash. Inflation rates are through the roof, government trust is waning and we see both retail and institutional investors eyeing up the wonderfully high-performance non-sovereign store-of-value investment vehicles that are cryptocurrencies.
So what's in my bag?
Digital Gold. If you don't have at least a small portion of your capital held in Bitcoin ($BTC) in 2021, you should take a long hard look at your financial decisions.
Though some of those deep in the space may resent Bitcoin's dominance of the market, and questions why such a slow, expensive, first gen blockchain should reign supreme - it is clear that the network effect is too far gone, Bitcoin is here to stay.
It would seem that Ethereum ($ETH) has been running into scaling issues similar to that of Bitcoin's over the past few years, and many are tentatively looking to alternatives to sweep up some of it's market share.
Though gas fees are growing, the network is squeaking and ETH 2.0 could not come fast enough, Ethereum has well established itself as the defacto Defi/dApps/smart contract market leader, and is here to stay.
Cardano, and it's native token $ADA, seem to truly be encompassing the vision of a next generation blockchain. Embracing modern solutions like Proof of Stake and sidechains from the get go, the Cardano Foundation has been hard at work making sure their tech is buletproof before going live (evidently inspired by the apparent difficulties the Ethereum Foundation is having in their proposed ETH 2.0 upgrade next year).
With the Shelly Mainnet now live and smart contracts due later this year, Cardano is a one to watch in 2021!
The market leader in the oracle space, Chainlink ($LINK) is a middleware platform for live communication between blockchain. Quite uniquely in this space, Chainlink is very much a live network and is already fully adopted by some industry giants. It has proved itself a fantastic investment and as a hedge against cryptocurrencies and the DeFi space.
London-based Quant ($QNT) look to be promising a lot with their enterprise-tailored interoperability-focused Overledger mainnet, which has just recently gone live. The Team have been keeping their cards close to their chest over the past year and their native token is still flying under the radar, but Quant will be one to watch.
Basic Attention Token
A long-time favourite, Basic Attention Token ($BAT) is a project looking to really ruffle some feathers at the offices of Google and Facebook. Already disrupting the online advertising industry, BAT promises more ad revenue to online sites while paying viewers for opting in. BAT, together with their partnet Brave Browser, is making waves and is a really fantastic project to support. And yes, skyenet.tech is already set up to support BAT donations.
Though as of writing Avalanche ($AVAX) is a very small player, it has the potential to establish itself as a market leader. A live network that is focusing on Ethereum interoperability, Avalanche is promising big things with it's Ethereum bridge and native Ethereum Virtual Machine support layer, and we may begin seeing a number of projects migrating across from Ethereum to Avalanche if gas fees continue to rise.
Binance is a major player that is here to stay, and for some time now they have been pushing more and more functionality onto their native token $BNB. This serves to drive up the price and value of their token, rewarding their long-time customers. I think BNB is a fantastic hold for the coming years as Binance continue to attract more and more newcomers to the market.