There are more than eighteen thousand cryptocurrencies and tokens in the world. But, Bitcoin can be considered the one that started it all. Therefore, Bitcoins are the oldest and considered the first cryptocurrency in the world. It is based on its blockchain technology.
Altcoins or alternative coins are similar to Bitcoin and Ethereum cryptocurrencies, which refers to alternative currencies to the primitive Bitcoin and ETH variants. The altcoins come in several types, and their developers might have a different vision and use-case for their currencies. There are more than tens of thousands of other Altcoins that you can choose from. Each coin has its purpose, and many developers have created a whole system for their currency. For instance, the Shiba Inu token is a part of an extensive Shib ecosystem wherein they host NFTs and other related currencies, such as Leash and Bone.
Here are some of the best Altcoins that you can invest in.
It is a platform that was designed to run decentralised applications. This blockchain technology and crypto are known as the Ethereum Killer because its technology can be considered better than ETH.
Solana has more bandwidth to conduct faster transactions, and its blockchain enables a higher quantity of transactions in a second. Moreover, they also charge lesser transaction fees than Ethereum, which is an added advantage.
Solana enables smart contracts on its blockchains, which allows it to host decentralised finance applications and NFTs. Therefore, Solana can be considered one of the best Altcoins due to its usage and future possibilities.
This crypto can be considered a fork. A fork is a type of cryptocurrency that stems from another crypto. When the engineers or the founders of a blockchain go their separate ways and start their crypto, it is often referred to as a fork in the industry. Cardano was co-founded by Charles Hoskinson, one of the co-founders of Ethereum. This is why this currency can be called a fork.
While this blockchain technology is still early, many think of it as the next ETH killer. Moreover, this blockchain was developed with thorough research. The founders conducted peer-reviewed research and published over a hundred pacers on blockchain before creating their own.
The primary aim of this blockchain is to give the developers interoperability and freedom. The blockchain of Polkadot is a step up from Ethereum because the developers can use its basic security features to create a separate blockchain of their own. Consequently, this idea is known as shared security.
This coin is considered a meme coin because it started as a joke. It is one of the largest cryptocurrencies in the world. However, its pricing has been turbulent and depends on social factors. For instance, Elon Musk can drive up the price of meme coins.
Bitcoin and Ethereum continue to dominate the market. However, if you do not want to invest in Bitcoin and Ethereum, you can consider investing in other popular coins and crypto tokens known as Altcoins. It is best to research well before making investment decisions.