When people hear Cryptocurrency or blockchain the only thing that comes to their mind is bitcoins, you really can’t blame them bitcoin is really the biggest and most reliable coins there is right now, and we have seen over the years the biggest in afield take the name when you hear indomie you think that’s the name for all the nodules there is, but they’re all others that are still good.
In the crypto space, there are still several other cryptocurrencies that can still be profitable aside from bitcoins called ALTCOINS, bitcoins became this massive because of their acceptance around the world, if these other coins get the kind of attention bitcoin is getting they will certainly become massive also.
Without a doubt, bitcoin is the most stable coin to some extent compared to other coins, In May of 2019, Bitcoin had the highest trading volumes of all time. trading volume is showing an increased interest in the coin. With increased interest at a limited supply item that has a new regulation that’s making it easier for people to access while more parties are coming to market and yesterday March 17th, 2021 Bitcoin entered into uncharted territory after crossing above prior highs and beyond $60,000 for the first time in its history. BTC/USD has since seen its ascent slow as bears take control and push the largest cryptocurrency by market cap down to support around the $55,000 mark. This makes Bitcoin a great addition to any portfolio if you’re willing to take the risk associated with a 10-year-old asset class.
Top 4 ALT Coins to Buy Now
We continue our list with the altcoins, ALTCOINS are cryptocurrencies other than Bitcoin. altcoins primarily included Bitcoin competitors such as Ethereum Litecoin and Dogecoin and pump-and-dump schemes with fancy modern websites.
this are 4 top altcoins that you can buy now
Just behind bitcoin is Ethereum though the current price of 1 Ethereum today is $1,833.31 compared to bitcoin with is valued at $59,412.00 Ethereum is the most valued altcoins after bitcoins which means it is getting accepted daily, the coin is also stable unlike other altcoins, Ethereum laid the foundation for what is now known as decentralized finance (DeFi). Ethereum’s early success has led to a large portion of the Defi space relying on Ethereum’s blockchain. As Ethereum converts to version 2.0 over the coming year(full launch 2021 or 2022), fees will decrease dramatically and a whole host of new DApps will get their chance to shine. The ticket to ride on the Ethereum blockchain is the Ether token (ETH), which is becoming more useful each day. Buying Ethereum will mean you will be part of those that will profit in the very near future.
Next is ADA, Still in its early stages compared to other altcoins Cardano is fast rising with its market cap standing at 45,866,432,591 as am writing now, Cardano (ADA) is a third-generation public blockchain and Dapp development platform. The platform earned international media attention as the first blockchain to incorporate a peer-reviewed research strategy into its core principles. Today, ADA is one of the top fast-rising cryptocurrencies in the world. since it’s still in its early stages and has lots of prospects buying ADA now will do you great good.
Chainlink which also will also be a good buy is bringing the power of smart contracts to the real world. Chainlink brings outside data into smart contracts. Ethereum Smart contracts can now act on other asset prices, global occurrences and make calls to other APIs. Chainlink makes smart contracts really smart. It also incorporates real-world data. For example, it allows farmers to hedge against a bad season. The smart contracts filtered through Chainlink pay out insurance claims if values in the contract like share price, temperature or rainfall do not meet a certain standard. Instant payments deploy as soon as the program receives the appropriate weather data. Chainlink’s potential seems limitless and many of the top DeFi apps pay huge amounts for the LINK token to use their platform.
Finally on our list is a tether, With a market capitalization of just over $15 billion, Tether (USDT) is a massive part of the cryptocurrency ecosystem. The US dollar-pegged stablecoin has been the third biggest cryptocurrency since May, and the reason why it’s so big is that it feeds the rest of the market based on market predictions, the Tether (USDT) is a profitable investment. Most forecasts indicate USDT will offer a good return in 3 to 5 years, which makes it a strong long-term investment. If you are after a stable asset to store value in, this is one of the best in the cryptocurrency market.