There are dozens of cryptocurrencies, from Bitcoin and Ethereum to Dogecoin and Tether. This makes it difficult to get started if you are new to this field. Here are 10 altcoin projects that have weathered the worst and are ready to grow, according to experts.
Top ten altcoin projects worth investing in
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The developers created Solana to support the use of decentralized finance (DeFi), decentralized applications (DApps), and smart contracts. It runs on a unique hybrid proof-of-stake (PoS) and proof-of-history (PoH) system that helps to process transactions quickly and securely. Solana’s native token SOL powers the platform. SOL’s pricing started at $0.77 when it launched in 2020. Its price was around $101 on March 1, 2022. Thus, it showed an increase of almost 13,000%.
Polkadot (DOT)
Polkadot entered the market in 2016. The developers created Blockchain interoperability protocol to connect several Blockchains together. Gavin Wood, the chief architect of Ethereum, developed Polkadot. The interesting thing about DOT is that there is no strict constraint on the total supply. Instead, a new token is distributed every time. The price of Polkadot peaked at $6.30 in May 2020. It then hit an all-time high of $55.11 in May 2021. However, it later dropped to around $4 in December 2022.
Ethereum (ETH)
Due to its possible uses, including smart contracts and non-changeable tokens (NFTs), which are automatically executed when certain conditions are met, Ethereum is both a cryptocurrency and a blockchain platform. Ethereum has also grown relatively fast. Between April 2016 and early March 2022, its price increased by more than 27,000%. In the process, the leading altcoin rose from around $11 to over $3,000. However, Ethereum dropped to its annual low of $1,091 on November 9, 2022.
Binance Coin (BNB)
On Binance, one of the largest cryptocurrency exchanges in the world, you can trade and pay fees using the Binance Coin cryptocurrency. In 2017, BNB cost only $0.10. By March 2022, its price had risen to approximately $410,000, a gain of approximately 413%.
Tether (USDT)
Tether is a stablecoin. So fiat currencies support it like the US dollar and the euro. It also theoretically maintains a value equal to one of these values, unlike other cryptocurrencies. As a result, investors who are wary of the severe volatility of other coins choose Tether as its value is theoretically expected to be more stable than other cryptocurrencies.
Litecoin (LTC)
Charlie Lee, a former software developer of cryptocurrency exchange Coinbase, invented the open-source Blockchain project Litecoin (LTC), which was introduced in 2011. The total round supply of Litecoin is 84 million coins. It reached an all-time high of $413.47 in May 2021. However, cryptocoin.comAs you follow from , it then dropped more than 50%. Meanwhile, the number of businesses accepting Litecoin is growing. Currently, it is the 11th largest cryptocurrency globally with a token value of around $95.
Cardano (ADA)
Cardano stands out for its early use of proof-of-stake (PoS) verification. Like Ethereum, Cardano uses its native token, ADA, to power smart contracts and decentralized applications. Compared to other major cryptocurrencies, ADA’s rise has been somewhat muted. The price of ADA was just $0.02 in 2017. Currently, ADA is changing hands at $0.287.
Ripple (XRP)
XRP is a cryptocurrency that can be used on this network to allow trading of many types of currencies, including fiat and other major cryptocurrencies. It was developed by the same founders as Ripple, a digital technology and payment processing firm. XRP was at $0.006 at the beginning of 2017. However, the altcoin is currently valued at $0.4715.
Avalanche (AVAX)
Avalanche Blockchain’s native token AVAX provides smart contract capabilities. This system, which is one of the fastest and most reliable smart contract systems in the DeFi industry, works with the PoS method. There are 720 million AVAX tokens, the entire supply of Avalanche. When AVAX hit the market in September 2020, it was around $4.00. The token peaked at $134.87 on November 23, 2021. At press time, the altcoin is changing hands at $13.36.
Zilliqa (ZIL)
According to experts, it is possible for Zilliqa to rise 20 times from current levels of two cents. Just before the bear market, ZIL jumped to 25 cents. It is possible to surpass these levels in the next bull market. As an overview, Zilliqa is the world’s first altcoin to work on the concept of sharding. In this method, transactions are split into smaller chunks and split among miners for parallel validation. As a result, the processing speed is strong. At the same time, the transaction cost is lower compared to Bitcoin or Ethereum. It’s also worth noting that ZIL has an attractive APR on staking. Currently, 13.32% APR and 32% of the circulating supply are staked. This is another reason to go bullish as supply congestion could trigger a massive rally.
The opinions and estimates in the article are those of the experts and are definitely not investment advice. We recommend that you do your own research before investing.
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