Because Bitcoin is not the only cryptocurrency available in the crypto market, it is advisable to look for an alternative. If you are a crypto enthusiast or an investor who has just recently made a decision to invest, then the word Altcoins is not new to you. It is a common word that you will always meet with in the corridors of cryptocurrency investment.
Notably, Altcoins refer to the cryptocurrencies other than Bitcoin. Currently, there are more than 10,000 altcoins listed on the CoinMarketcap. Here, you have plenty of options to choose from when it comes to making decisions on the suitable digital assets to add into your portfolio. You will also need a suitable cryptocurrency exchange that offers lowest fees.
In this guide, we will provide a discussion of several best altcoins that we think will suit your financial priorities and objectives as well. Ideally, they range from the new and upcoming altcoins found on the presale now to those that are well-established with the high market. Try out the following altcoins:
The Tamadonge (TAMA) is an emerging crypto project that offers play-to-earn (P2E) features to people who participate in such projects. There are huge benefits associated with TAMA. Ideally, it is the native crypto of the Tamaverse. Tamadonge is a multi-utility token that provides multiple use-cases to its investors. Thus, this factor has been its source of popularity, as opposed to the strong social media backing as in the case of cryptos such as Doge. One observable feature of TAMA is it is tax-free especially when buying and selling it. In fact, the coin will only earn dividends when the tokens are spent within the game. If you’re planning to invest one of the best altcoins on the presale now, you should try out the Tamadonge.
The Battle Infinity is arguably the second best altcoin after Tamadonge. As the name suggests, it revolves around the ‘battle’ games and is mainly based on the IBAT premier league being front and centre. A closer look at this unique feature is that it acts like a fantasy sports league, although it incorporates the NFTs and takes place within the blockchain. Just like any other NFT projects, this altcoin offers you an opportunity to earn and sell your digital artwork. You can as well upgrade your in-game avatar within cool items.
Solana is another altcoin that you should not fail to try out. In fact, it is actually a blockchain platform that is designed to offer support to decentralised applications. For a long time, Solana has been named an “Ethereum killer” because of its ability to perform plenty of transactions per second compared to Ethereum. In the same way, the fees levied on Solana is considerably lower compared to Ethereum. This altcoins has unique features in that it can use the smart contract which are crucial in facilitating and running the high quality instructions.
If you haven’t heard of Dogecoin, then you probably are not a crypto enthusiast. It was created by Billy Markus and Jackson Palmer, the two software engineers dedicated to bring a new face and product within the crypto system. The coin therefore uses an image of Shiba Inu as an avatar and is mostly accepted as a form of payment by some major companies across the world.
This is another unique PoS cryptocurrency that is created with a purpose of delivering interoperability among other blockchain. A closer look at Polkadot will show you that it is a protocol that is designed to connect the permissioned and non-permissioned blockchain to permit the systems to operate as a unit. The system relay chain has been shown to enable the interoperability of varying networks.
Binance Coin (BNB)
Binance Coin is another altcoin that you should try to add into your portfolio. It is operated within the Binance exchange, founded by Changpeng Zhao. Ideally, Binance coin functions as a utility cryptocurrency and a payment method for the fees associated with any transactions on the Binance Exchange. By capitalization, it is currently the third largest crypto. Individuals who use the token as a mechanism of payments for exchange can perform such transactions at a discount.
Other Altcoins to Watch
Apart from the altcoins discussed above, there are others which have shown the signs of dominating the crypto market in future. Please feel free to also check the following altcoins:
- Binance USD,
- Cardano (ADA),
- Lucky Block (LBLOCK),
- Ripple (XRP),
- Stellar (XLM),
- Decentraland (MANA),
- Aave (AAVE),
The final Take Away
Cryptocurrency investment is currently a lucrative business in the world. Many people across the world are already earning through trading. Although Bitcoin is the most popular crypto currently, you should not limit yourself to it. There are a thousand plus one other coins that you should try. In this article, I have provided you with the new and emerging altcoins that we’re speculating might dominate and shake the crypto space in future. Before that happens, do your research and choose a coin that will be beneficial to your portfolio. All the best.