The 10 Most Important Cryptocurrencies Other Than Bitcoin
If you have been following the recent Twitter headlines, you might have noticed that Bitcoin has been the hot topic in the decentralized finance system. One of the major cryptocurrencies to invest your money in and arguably one of the most profitable too, Bitcoin loophole has witnessed an immense growth over the decade, especially in the past pandemic year. Proudly sitting at just shy under $30,000, as of May 2021, there’s no way financial investors could keep their eyes away from this virtual gold. And with financial backing from major tech giants like Google, Microsoft, and Apple, it will take no time for Bitcoin to transform into virtual platinum. Jokes apart, have you ever imagined whether other cryptos other than Bitcoin are profitable or not? Or how are they even standing against this monopoly? Continue reading and find out The Top #10 Crypto Tokens Other Than Bitcoin, and whether investing in such is more profitable than Bitcoin?
- Ethereum (ETH): If Bitcoin is the gold of cryptocurrencies, then Ethereum is gotta be the silver. This DeFi software application platform enables the development of decentralized applications and operates them without any downtime, fraud, authorization, or any external interference from third parties, and immensely secure too.
- Litecoin (LTC): Created by Charlie Lee, an MIT graduate, Litecoin is an open-source global payment network that is not authorized or governed by central authorities, governments, or financial institutions, and uses ‘scrypt’ as its Proof of Work (PoW) which further can be decoded by using consumer and industrial-grade processors.
- Cardano (ADA): This crypto was an “Ouroboros Proof of Stake” crypto that was created with research-based technologies. Cardano was developed by one of the founders of Ethereum; following minor disagreements made the founder drop out of the league and build Cardano. Today, Cardano stands as one of the most profitable.
- Polkadot (DOT): The major aim of the cryptocurrency was to deliver interoperability among other blockchains. The primary protocol is designed for connecting permission and permission-less blockchain currencies, as well as working under one space altogether. Currently, it’s sitting at $2B in terms of market cap and $20.65 in value.
- Bitcoin Cash (BCH): This cryptocurrency holds an importance in blockchain industry for being one of the earliest, original and successful versions of Bitcoin, all while fixing every major drawback that Bitcoin had. As of writing, BCH is holding its value at $662, with an overall estimated market capitalization of over $12.5B.
- Stellar (XLM): While Bitcoin and Ethereum have been leading blockchain industries, such is still not regarded as sustainable by Governments and associated financial institutions. The aim of Stellar is narrowing down the gap within blockchain and Government-authorised financial institutions, making transactions more transparent.
- Chainlink: Chainlink works in favor of Ethereum. Working on the same background as Ethereum, it connects and reduces the bridge gap between currencies such as Ethereum and associated data, especially public ledgers.
- Binance Coin (BNB): This altcoin mainly works as an operator for payment methods such as fees associated trading services on Binance Exchange. These can also be interesting since it offers discounts on transactions.
- Tether (USDT): Tether, being one of the first and most popular among the group called stablecoins. Stablecoins aim in pegging their market value to any particular reference point just to avoid any volatility in blockchain.
- Monero (XMR): Monero is relatively infant in blockchain industry, yet it gained immense popularity over the years. This crypto was established using an ICO and excelled immensely in being secure, private, and faster.
That rounds off our list for The 10 Best Cryptocurrencies Other Than Bitcoin. If you found this article informative, be sure checking out other notable articles on cryptocurrency and blockchain as we did on Most Successful ICOs Of All Time. And this is just one friendly disclaimer that we do not endorse blockchain industry in general, and any info herein contained is the sole knowledge and opinion of its author. Please don’t make any financial decisions based on this info.