Note: This is not investment advice. Always do your own due diligence.
Bitcoin and Dogecoin littered the headlines of the cryptocurrency world in the first quarter of 2021 as popularity soared even higher than it was before. Believe it or not, neither of those were even close to the top 100 rankings of top performing cryptocurrencies during that time frame.
The key to chart observation and studying cryptocurrencies (if you plan on holding mid to long term) is to look at the 1-3-month charts. If you look at intraday charts, you'll lose confidence and force yourself to sell since the day-to-day movement of most tokens is so volatile.
Here are the 5 Best Performing Cryptocurrencies from Q1 2021
Dent (DENT)
Q1 % Gain: 7,856%
Price (at time of press): $0.01548
Circulating Supply: $94B
Market Cap: $1.4B
Forecast: DENT had a major spike back in 2018, all the way up to 10 cents, and then it crashed heavily. Typically, history repeats, but this new wave of crypto is game changing and I don't foresee this crashing like that again. But no one can predict the future. Don't list to me :).
Where can you buy DENT?
Pundi X (NPXS)
Q1 % Gain: 3,819%
Price (at time of press): $0.006996
Circulating Supply: $236B
Market Cap: $1.6B
Forecast: NPXS also had a large spike back in 2018 and subsequently crashed in the middle of the year. It reached a high of $0.015, a little more than 2x from where it is now. I don't expect another crash, but don't listen to me :).
Where can you buy NPXS?
Harmony (ONE)
Q1 % Gain: 3,701%
Price (at time of press): $0.165
Circulating Supply: $9.3B
Market Cap: $1.5B
Forecast: ONE has been a very hot topic for about a month and there is a lot of hype surrounding their product and technology. It has a very nice lifetime chart featuring no crashes. You can also stake ONE and earn 12% rewards, so I'd say it's worth holding, but again, don't listen to me.
Where can you buy ONE?
Bitmax (BTMX)
Q1 % Gain: 3,326%
Price (at time of press): $1.25
Circulating Supply: $736M
Market Cap: $938M
Forecast: BTMX has a nice progressive chart since its launch in 2019. It spiked very high on March 28th to $2.66, so that could be a cause for concern since it's down more than 50% since.
Where can you buy BTMX?
Holo (HOT)
Q1 % Gain: 3,321%
Price (at time of press): $0.02197
Circulating Supply: $169B
Market Cap: $3.7B
Forecast: HOT is hot. Pun intended. The charter also shows a long quiet period throughout 2019 and 2020 with a heavy spike in March 2021. It's got the highest market cap of this group, so that's one thing to consider.
Where can you buy HOT?
Binance
Does this rapid increase in value mean you should stay away from all of these?
Well, traditionally, especially in stocks, with a parabolic spike like we saw with these 5 tokens, you'd want to stay away until there is a significant price correction. That doesn't equate in the world of cryptocurrency. In the first quarter of 2021, we saw mostly lower valued tokens soar higher and higher with minimal, if any, price correction.
Again, always do your own due diligence.
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