Thanks to its scale and liquidity, Ethereum is quickly becoming the go-to platform for DeFi developers and users alike. In the past few years, the total value locked in Ethereum DeFi protocols has increased exponentially, highlighting the growing demand for yield-bearing assets built on Ethereum.
There are thousands of different assets built on Ethereum, including stablecoins, Wrapped Bitcoin (WBTC), and non-fungible tokens (NFTs). Investing in Ethereum is a bet on the success of this ecosystem and the continued demand for Ether. This has resulted in the growth of a thriving Ethereum ecosystem, encompassing everything from games and prediction markets to lending platforms, decentralized exchanges, and even new altcoins. Rather than competing as a standalone currency, Ethereum was designed to be a “world computer” that would allow anyone to build decentralized applications on top of it. On the Ethereum blockchain, miners work to earn Ether, which is the native cryptocurrency of the network. ETH is not just an altcoin to buy now but an asset you should already have in your portfolio.Įthereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed, without any possibility of fraud or third-party interference. Financial experts are constantly referencing both BTC and ETH as viable investments. It’s the only cryptocurrency project close to Bitcoin in terms of market cap, volume, and adoption.
Ethereum (ETH): More Than an Altcoin All-time high (ATH)Ĭonsidering Ethereum as a mere altcoin is no longer a viable option. Here, we will cover cryptocurrencies that are independent projects and not tokens built on other platforms such as Ethereum. Top Altcoins To Invest InĪs of the time of writing, the stock and cryptocurrency markets are in record decline, making this a perfect opportunity to “buy the dip” if you have some funds available. With all that said, here’s the list of altcoins that have survived multiple market crashes, investor panic, and the global crisis that was the COVID-19 pandemic. As a result, altcoins offer a unique twist on the original cryptocurrency concept, and they have quickly become popular among cryptocurrency enthusiasts. For example, some altcoins are designed to be more private or secure than Bitcoin, while others are created as a digital currency for a specific industry or region.Īltcoins often use different mining algorithms, resulting in different rewards for miners. Most notably, good altcoins tend to have a specific focus, use case, or provide a platform for development. However, a few key differences set altcoins apart from Bitcoin. The term “ altcoin” is used to describe all cryptocurrencies other than Bitcoin, and it is short for “alternative coin.” Just like Bitcoin, altcoins use peer-to-peer networks and blockchain technology to facilitate transactions. However, top altcoins should weather unfavorable market conditions as they are more influenced by the project’s development, how many exchanges they are listed on, and their practical application. It’s tough to feel optimistic about the cryptocurrency industry and find promising projects when you analyze charts and prices in a bear market.
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