The size of the Cryptocurrency was barely $30 billion in 2017. It stands now at more than $400 Billion. As the market is growing every day, many new Cryptocurrencies are emerging. These Cryptocurrencies are often considered or termed Altcoins.
Altcoins provide alternative coins for Bitcoin. With thousands of Altcoins in the market, choosing one Altcoin can be confusing.
If you are looking for the best Altcoin in 2021, you do not have to look any further. We have covered all the major Altcoin that you can invest in.
By the end of this article, you will have enough idea about the Altcoins and financial knowledge to make an investment in them. Be sure to check out this online app as well for crypto.
Major Altcoins to Watch Out for in 2021
Each Altcoin serves different purposes, and some altcoins are limited to certain regions only. Hence, it becomes important that you go through all the coins to ensure you are investing in the right Altcoin.
1. Ethereum
If we are talking about the best Altcoin in the market, it is certain that the list will start with Ethereum. Ethereum is the second most traded Cryptocurrencies in the industry. In fact, most of the transactions happen over the Ethereum network.
Bitcoin is a digital currency; however, Ethereum is just more than that. It helps developers to develop decentralized applications.
Smart contracts have become quite popular in the digital industry and are being used by several industries to authenticate their work.
2. Litecoin
Litecoin is one of the oldest Altcoin in the market. Just like Bitcoin, Bitcoin is just a Cryptocurrency. The only difference is that Bitcoin was made for faster transactions.
After the introduction of Litecoin in the market, the transaction ten Cryptocurrencies saw 4X speed. For instance, to complete one Bitcoin transaction, it used to take more than 10 minutes. However, with Litecoin, this time was reduced to 2.5 minutes.
Litecoin is made with the Bitcoin technology itself. Hence, experts believe that if Bitcoin has any rival, that will be Litecoin.
3. DASH
DASH is one of the most renowned Altcoin with billions of market cap. When it was brought on the market, it was called Xcoin, and soon the name was changed to Darkcoin. It was in 2015 that developers finally settled with DASH.
DASH is an improved version of Bitcoin and offers a better privacy policy and faster transaction than Bitcoin. Unlike Bitcoin, where the public addresses are known to the world, DASH keeps its public address hidden. This was done to stop the trace back to the original source.
Dash has a self-funding mechanism, where 10% of the mining rewards go to DASH itself.
4. BitDegree
Not adding BitDegree to the list will leave our list incomplete. BitDegree is the very first Blockchain-powered education system. It was launched in 2017 with the purpose of providing one network to the global education society.
BitDegree is not just any Cryptocurrency, but it is a network that makes the education system borderless. This unique network allows teachers and students a platform to share and gain knowledge from anywhere in the world.
You can also visit bitcoin evolution, to know more about several other Cryptocurrency platforms.
5. NEO
NEO was originally called Antshgare and was created by Da Hoigfei in China. Till now, NEO is the biggest Cryptocurrency ever introduced in China. If we compare NEO to any Cryptocurrency, you can say NEO is similar to Ethereum in many ways. It is also a platform used by developers to create decentralized applications.
Due to its features closely resembling that of Ethereum, many experts even refer to NEO as Chinese Ethereum. However, NEO holds several technological advantages. For instance, NEO can handle almost 10,000 transactions per second. On the other hand, Ethereum can handle only 15 transactions.
Conclusion
There you have it. Now you know what Altcoins you need to be looking at in 2021. We have tried to cover their technological history for you to understand how these Altcoins perform. With this information in hand, you will be able to easily pick your favourite Altcoin to invest in this year.