As most of you know, altcoins are the alternatives to Bitcoin.
And in the last couple of years, altcoins have been on the rise abruptly. Take a look at the table below and you will understand why I say this.
In early 2017, Bitcoin’s dominance index stood at 85% of the total cryptosphere market cap, which had fallen to 31% in early 2018 before rising again to over 50%.
You know why?
Well, this happened because many investors started trusting other coins for better investment returns, which started a fundamental analysis race for various altcoins in the market.
CoinSutra has, so far, covered over 30 altcoins and helped its users understand their very raison d’être.
I believe that Bitcoin is not the be all and end all, but rather, altcoins also have their place in the system.
But what kind of altcoins?
Well, the main thing I see in an altcoin is its feasibility and the quality of the team members that support it.
So today I’m going to share some of the altcoins that I think have strong support from the team.
Ethereum, the computer of the world, is a well-known altcoin in the market.
To date, most developers work on Bitcoin or Ethereum, even more on Ethereum given the number of possibilities with smart contracts and DApps.
That’s why Ethereum has the most developers and team members, such as Vitalik Buterin and Vlad Zamfir, who are trying to improve Ethereum every day.
Here’s a sneak peek The Ethereum team.
Want to learn more about Ethereum? Reading: Ethereum Cryptocurrency: Everything A Beginner Needs To Know
Check out these options to buy Ethereum:
- Binance: Supported pairs are ETH/BTC, ETH/USDT
- Bittrex: Supported pairs are ETH/BTC, ETH/USDT
- Gate.io: Supported pairs are ETH/BTC, ETH/USDT
- Bitfinex: Supported pairs are ETH/BTC, ETH/USD
- KuCoin: Supported pairs are ETH/BTC, ETH/USDT,
Litecoin is the first well-known fork of Bitcoin created in 2011.
Back then, not many people knew about cryptocurrencies, but this new Bitcoin fork was created to improve some aspects of Bitcoin, such as block timings, block size, etc.
Litecoin was created on October 7, 2011 by Charlie Lee, ex-Googler. Litecoin was designed to complement Bitcoin.
As of now, Litecoin serves as a test bed for Bitcoin. When segwit was implemented, the developers of core Bitcoin looked to Litecoin’s successful launch of segwit as a benchmark.
And just like Bitcoin, it is a decentralized and open source project supported by great partners. Here’s a sneak peek at it team composition.
If you want to know more about Litecoin, read: Litecoin Cryptocurrency: A Complete Guide for Absolute Beginners
Explore these options to buy Litecoin:
- Binance: Supported pairs are LTC/BTC, LTC/USDT
- Bittrex: Supported pairs are LTC/BTC, LTC/USDT
- Gate.io: Supported pairs are LTC/BTC, LTC/USDT
- Bitfinex: Supported pairs are LTC/BTC, LTC/USD
- KuCoin: Supported pairs are LTC/BTC, ETH/USDT
Monero is one of my favorite cryptocurrencies out there, and that’s because of its highly private nature. It is so private and secure that one cannot even see the amount being transacted between the parties, forget the parties involved.
However, this privacy feature comes with its drawbacks, the details of which I won’t go into now.
The team includes some core developers and some volunteer developers making it one of the most decentralized teams in the cryptosphere. Here’s a sneak peek at it core group.
For more on Monero, read: Cryptocurrency Monero: Everything You Need To Know
Check out these options to buy Monero:
- Binance: Supported pairs are XMR/BTC, XMR/USDT
- Bittrex: Supported pairs are XMR/BTC, XMR/USDT
- Gate.io: Supported pairs are XMR/BTC, XMR/USDT
- Bitfinex: Supported pairs are XMR/BTC, XMR/USD
Cardano is an open source 3rd generation blockchain platform expected to facilitate smart contracts and DApps.
I know some of you may question the difference between Ethereum and Cardano.
Well, there are many.
Ethereum is blockchain 2.0 while Cardano is 3.0.
Cardano focuses on solving four critical problems facing the world’s blockchains today, all in one place:
And it is one of the most research-based and peer-reviewed blockchain projects in the world and that is what makes it different from the others.
Curious about Cardano? Reading: What is Cardano Cryptocurrency (ADA) & Blockchain 3.0
Here’s how you can buy Cardano:
- Binance: Supported pairs are ADA/BTC, ADA/ETH, ADA/USDT, ADA/BNB
- HTX: Supported pairs are ADA/BTC, ADA/ETH, ADA/USDT
- Gate.io: Supported pairs are ADA/BTC, ADA/USDT
- Bittrex: Supported pairs are ADA/BTC, ADA/ETH, ADA/USDT
5. Binance Coin
Binance coin is one of my many profitable coins, but that’s not why I mention it here.
Binance coin (BNB)is the native token of the Binance exchange.
It is a utility token in the Binance ecosystem that you can use to pay for any fees on the platform, including but not limited to:
- Exchange fees
- Withdrawal fees
- Admission fees
- Any other remuneration
In addition to this, when you use BNB to pay a fee, you will receive a significant discount according to the scheme below. You can see their fee structure in detail here.
Also, BNB is burned quarterly to reward its HODLers in terms of the price appreciation that follows after BNB is burned each time.
Binance (BNB) Market Options:
- Binance: BNB/BTC, BNB/ETH and more
- IDEX: BNB/ETH
- AirSwap: BNB/ETH
Now it’s time to hear from you: What do you think about these altcoins? Have you invested in any of these? Do you think there are other coins/tokens that will boom in the near future? Let me know your thoughts in the comments section below!
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