Altcoins Learning

What are Altcoins? Are they Investable like Bitcoin?

What are Altcoins? Are they Investable like Bitcoin?

Basically, Altcoins means “Alternate Coins” meaning other coins than more established and famous coin Bitcoin. This term is used by Cryptizens to address the other coins which are taking up the crypto market by storm. So, the number of Altcoins in the market is more than 900 as we speak and are growing at an impressive rate.

Are they investable?

The answer is a simple yes. Just like Bitcoin once started these coins have a fundamentally good background and are well supported in the market. Coins like Litecoin, BTCdirect, Kraken, Bittrex have already taken the market by storm and have a good market share. So if you are late on the Bitcoin train, yes Altcoins are the investment you should be looking for.

Established and Promising Altcoins

Cardano (ADA) Cardano emerges as one of the top cryptocurrencies for many reasons. One is because Cardano has recorded a price momentum during the first three months of 2021. The digital coin value increased from $0.182 in early January to around $1.45 in late February and later corrected to $1.

Ethereum (ETH) Ethereum is considered fresh in the industry and has come up the list because of its advanced tech and smart contracts.

Dogecoin (DOGE) Started as a meme coin and as a joke, this coin has taken the crypto world by storm and surprise. The coin has drawn international attention due to Elon Musk.

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Uniswap (UNI): Another crypto that ranks on the list is Uniswap. Uniswap is an extensive decentralized exchange in the world that is behind the UNI coin. Uniswap hit the market within the DeFi framework while the UNI coin emerged in 2020.

Litecoin (LTC): Litecoin is considered one of the enormous alternatives to Bitcoin, which has created a great deal for investors as an investment tool.

Litecoin was developed by a former Google engineer Charlie Lee by tapping the potential of Bitcoin’s initial code and adjusting it to produce faster tokens.

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About Author

Prashant Patil

Keen Crypto enthusiast/investor and an optimist at heart. A life-long gamer and tech enthusiast.