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- Cardano, Avalanche, Polkadot and The Graph are the top 4 altcoins that can give fierce competition to Bitcoin and Ethereum
- Altcoins can give 100x and even 1000x returns in a few years
- Altcoins are much more scalable and faster than BTC
Bitcoin and Ethereum might be the topmost cryptocurrencies that are very popular for their blockchain and other features. But certain altcoins can give tough competition to these currencies. We look at the top 4 altcoins that will change the crypto industry’s face in the future.
Cryptocurrency’s popularity
Cryptocurrency has been gaining popularity each day, and among them, Bitcoin is the topmost and popular cryptocurrency that has gained new heights in every trading session. Bitcoin was the first cryptocurrency ever that came into existence.
Bitcoin has proved its mettle in the crypto world. After seeing its success, some institutions and companies got interested in cryptocurrency and started their versions of altcoins. They are also called alternate cryptocurrencies developed on the same blockchain technology with few changes.
Altcoins
With the launch of several other cryptocurrencies in the recent past, many alternate cryptocurrencies are running the world over. Some of these altcoins are superior to bitcoin technology. So, if people are looking to invest in other coins than bitcoin, they can do so, but they might not gain in the short term, unlike bitcoin.
The altcoins have problems like more volatility and the chance of not becoming popular or acclaimed, but they can also give hundred or even thousand times better returns in a few years. Investing in them is a good idea. It means that people can invest in these altcoins.
The popularity of cryptocurrencies is not unknown to people. Hence it has become necessary to invest in some coins that possess the latest technology. Moreover, these new currencies offer more benefits as they are developed on the latest technology. They are much more scalable and faster than BTC.
Some might think that investing in altcoins now is very early as these altcoins’ performance and future are not clear. However, this should not be the reason to stop investing in altcoins. Below are the four top altcoins with a bright future ahead.
Cardano
One of the altcoins that have a bright future is Cardano. The coin is more energy-efficient, one of the biggest downsides of bitcoin and Ethereum. According to market capitalization, the price of the cryptocurrency reached significantly high. It was the third-largest cryptocurrency. Though it is not considered the third-largest now, it will get it there soon. The significance has not yet lost. This is because the technology used in Cardano is very uptime and advanced. The cryptocurrency is constantly working to give a better experience to the users.
Avalanche
The next altcoin that promises a better future is Avalanche. The name tells that there will be no stopping for this currency once it becomes a more popular altcoin among the traders. One of the important points that are to be kept in mind is that the blockchain technology used in any cryptocurrency, how this technology will affect the working of the coin, how efficient the network is, the processing capabilities, how mining could be done and more. And to your surprise, all these features are available in Avalanche. It is one such altcoin that does more than Bitcoin and Ethereum. It can support a substantially good number of transactions, and the energy required for it is also comparatively less.
Polkadot
The next altcoin is Polkadot which is very famous among traders. It was launched by a Swiss company during the Pandemic and supported the latest blockchain technology, making it a great investment long-term. The coin is equipped to fix many issues that other altcoins could not solve. These could be the problem of scalability, several transitions and more. This altcoin is different from other altcoins available in the market as it can communicate with other blockchains.
The Graph
This cryptocurrency is quite new to the market, but it has become a favourite of many investors. The response, love and appreciation that this altcoin has acquired in very appreciable. The Graph is also known as the ‘Google of Blockchains’. This coin gets more credit than other altcoins in the market. Uniswap uses this coin widely and sees the potential to grow in the future.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
