It was almost one year ago that the current bull cycle on the crypto market started when Bitcoin managed to break free from the resistance at 10,000 dollars and was also able to overcome the all-time high from the 2016/2017 bull cycle at around 20,000 dollars not long after. In the meantime, Bitcoin is trading at more than $60,000 and has therefore risen by $50,000 or 500 percent within one year.
Those are impressive numbers that have made buying Bitcoin a great investment and to a large extent dwarf the returns on buying stocks, for instance. However, the 2020/2021 bull market has witnessed even far crazier price explosions in altcoins. This is a good time to take a look at which cryptocurrencies are truly the best investments (so far) in this bull cycle. Here’s an overview of the top 10 and what else to expect from them in the future.
Naturally, the much-cited Dogecoin should not be missing in the list of the best investments in this bull market. In the first half of 2021 in particular, it made a splash and was among the 5 most valuable cryptocurrencies in the world in the meantime.
The DOGE is still in the top 10 and can count Elon Musk, the richest man in the world, as one of its biggest fans. Nevertheless, the altcoin has not been able to continue the strong trend lately and is still trading almost 60 percent below the all-time high despite a good momentum in the past days.
DOGE /USD has currently recorded a growth of 11,400 percent in the 2020/21 bull cycle. But Wallet Investor analysts see further potential for buyers of DOGE. A price surge of nearly 400 percent is expected over the next 5 years, meaning that DOGE/USD could climb to around $1.5 per token.