Here are the Crypto Coins to invest in 2021 besides Bitcoin
Bitcoin will always be the big dog in terms of cryptocurrencies, the fluctuation of the price of Bitcoin will always affect the value of all the other coins. But if you want to invest in crypto, putting some small amount on Bitcoin will always be a good idea.
But what about the other cryptocurrencies or what they call “Altcoins”?
Not because the amount of Bitcoin is so much bigger than any other cryptocurrencies, doesn’t mean it’s 10,000 ways better than other coins. Actually, it’s smaller than you expect. Actually, coins like ETH and ADA have more projects continuously uploaded to the GITHUB server. If you are not aware of what Github is? It’s a collection of open-source projects that developers and programmers made and put to display to other developers. Of course, not all are applicable yet but most are usable or already running on a server. September always shows a slump in pricing, so the end of the month is the time to invest in cryptocurrencies.
Just to make it clear I’m not a registered financial adviser. This is basically my own opinion and as such still recommends you to please do your own research.
TOP 10 Coins to invest in 2021 other than Bitcoin
- ETH / Etherium
- ADA / Cardano
- BNB / Binance Coin
- XRP / Ripple
- SOL / Solana
- DOT / Polkadot
- LUNA / Terra
- UNI / Uniswap
- AVAX / Avalance
- ALGO / Algorand
1. ETH / Etherium
By volume, ETH is the second-largest cryptocurrency. Its many uses can create a much larger learning curve for new investors than Bitcoin.
“Ethereum serves two purposes: One, it acts as money and can be a store of value,” says Bill Noble, chief technical analyst at Token Metrics, a cryptocurrency analytics platform. “But Ethereum is also like a highway for decentralized finance.”
Instead of creating value as a “digital gold” like Bitcoin, Ethereum is a software platform that runs on a blockchain. Users can interact with the platform using ether, the cryptocurrency associated with Ethereum — or buy and hold it as a store of value. Ethereum is commonly used by developers, but there are people who also invest in crypto for its potential to be worth more over time.
2. ADA / Cardano
Set a deadline on all the tasks to evaluate when you can finish, so you can manage your time.
Scalability has been a problem for the biggest cryptocurrencies. Bitcoin processes about five transactions per second, and Ethereum processes about 15. That leads to slower transactions with higher fees. Visa, on the other hand, processes about 1,700 transactions per second.
Although recently, Cardano has been on the spot being accused of too many mishandled contracts and errors. In tests, Cardano has processed 257 transactions per second. And it’s also planning to add another layer, called Hydra, to its blockchain. With this technology, it could potentially process 1 million transactions per second. ADA is still young but a lot of projects are already on the line.
3. BNB / Binance Coin
Besides the fact that BNB has increased its price by 900% by the past two years.
It is not just your traditional cryptocurrency. Binance customers can use BNB to reduce trading fees and earn interest. But that’s not the only use for the Binance coin. It also fuels the Binance Smart Chain, which is a programmable blockchain that runs smart contracts. They have been facilitating a lot of projects and young developers into their program call MVB (Most Valuable Builder) which gives the spotlight to small projects and introduces P2E (Play to earn) Functions.
Although it’s getting problem with facing regulatory challenges from countries like UK and Japan. We still see a lot of potential with this coin.
4. XRP / Ripple
Here is the cryptocurrency that is mainly designed for financial institutions. Its goal is to improve international money transfers. Although some of its own partners are avoiding to use XRP because it is still volatile.
The transactions with its network are fast and cheap and are acknowledge to be associated with 300 financial companies such as American Express and Bank of America.
5. SOL / Solana
I am actually excited about talking about this because I recently gained a lot of profit thanks to this coin.
Solana (SOL) is a fourth-generation blockchain and cryptocurrency that leverages an open infrastructure to provide greater scalability. The network introduces various new and unique technologies to provide users with unmatched transaction speeds and enterprise-level security. Consequently, the network has seen considerable growth since its introduction in 2017.
It’s easy to see the benefits of a network that can scale up to meet the demands of the global economy. Additionally, this scalability makes Solana a better blockchain for DAPPS(Decentralized Applications) such as DEXs and staking protocols. And its growth is exponential. From October 2020 which has the price around $2, it has grown up to $189 just this month alone.
6. DOT / Polkadot
Etherium is currently the biggest programmable blockchain in the cryptocurrency industry. According to State of the Dapps, over 80% of decentralized applications (Dapps) are built on its network. Unfortunately, the Ethereum network hasn’t kept up with its dramatic growth. Until it can upgrade to Etherium 2.0 the system is slow, congested, and expensive. Plus, it doesn’t work well with other networks.
Polkadot is not only faster and more scalable and it’s also designed to work with other networks. This would allow developers to build applications that used both the Ethereum and the Bitcoin blockchain, for example.
It has already gained over 630% since its launch, which was August 2020.
7. LUNA / Terra
Terra’s main focus is stablecoins(these are coins that have a price that will never fluctuate like USDT or BUSD) which are cryptocurrencies pegged to another asset.
Since stablecoins generally maintain the same price, they have a better shot of catching on as a way to transfer funds and to buy goods and services. These are usually used for staking and governance of the project. And right now popular in countries like South Korea.
As for revenue it’s ranked already as the top five within this year.
8. UNI / Uniswap
Uniswap is a protocol on Ethereum for swapping ERC20 tokens. Unlike most exchanges, which are designed to take fees, Uniswap is designed to function as a public good—a tool for the community to trade tokens without platform fees or middlemen.
Basically speaking, ETH continues to be the second-largest volume in the crypto world a lot of its transactions will be gonna be done in Uniswap. So it will never lose value as long as ETH is existing. and ETH will stay long.
9. AVAX/ Avalanche
Their creator is proud to say that Avalanche is BLAZINGLY FAST, Low cost, and Eco-friendly.
Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol. It has big spike with this month and it will be a coin to watch for the coming days!
10. ALGO / Algorand
Algorand is one of a number of newer projects seeking to expand the possible use cases for cryptocurrency, by accelerating transaction speeds and reducing the time it takes transactions to be deemed final on its network.
Most notable is that Algorand distributes the ALGO cryptocurrency it introduces into its economy with each new block to everyone who holds a certain amount of the currency in its wallets.
Just this month when all the other coins are going down including Bitcoin. Algo remains on the bullish side.
mikemalitao
I'm a Fitness Trainer, who happens to own an online business as well. Experience in starting up a business and was able to manage brands from zero clients to hundreds in a few months. I write anything about Health, Lifestyle and some new easy ways to make money.
