Although Bitcoin rests on a high pedestal in the crypto market, more than few competent players, one might even say they are better than Bitcoin are in the league. Here’s a list of 5 other cryptocurrencies you should consider, whether or not you are an ardent worshipper of Bitcoin.
A very obvious choice in any non-Bitcoin list, Ethereum is a decentralized platform facilitating Smart Contracts and Decentralized Applications (DApps) to be created and operated without any downtime, fraud, control, or interference from a third party. It’s the foundation of most altcoins. The financial products on Ethereum are accessible to anyone and everyone across the world.
Most people know Ethereum through its platform-specific cryptographic token, Ether, used to operate the blockchain. Ether, released in 2015, is the second-largest digital currency by market cap after Bitcoin.
As we began 2021, ETH market cap was roughly 19% of Bitcoin’s — $138.3 billion and a per token value of $1,218.59 in January.
In 2021, Ethereum plans to alter its consensus algorithm from proof-of-work to proof-of-stake (that will authorize network participants to “stake” their ether to the network)
This will permit Ethereum to run itself with lower power and better transaction speeds. It’ll also further secure the network while processing transactions. Those who participate in the PoS network will receive rewards in ETH, much like an interest account. To get some ETH on your hands, head over to the Ethereum CryptoLocally listing.
Worldwide Asset eXchange (WAX)
Developed by the founders of OPSkins, the world’s biggest marketplace for online video game assets, WAX is a decentralized platform designed to allow users to create a fully functioning market for online video game assets. It does not make investments in security, infrastructure, or payment processing. Based on the Ethereum blockchain, WAX aims to provide a virtual goods marketplace for over 400 million online gamers worldwide who collect, buy, and sell in-game items.
WAX Tokens are utility tokens that allow virtual goods — and not just for use in video games — to easily be tokenized and exchanged for cryptocurrency. The smart contract underlying the transaction acts as the mechanism that permits trustless trading between buyers and sellers.
While it is listed on several cryptocurrency exchanges, you can buy WAX on CryptoLocally in a fast and secure way.
At the moment, Solana cryptocurrency is undervalued. It may never again be at this price. If its censorship-resistant blockchain successfully furnishes the infrastructure required for global adoption, its prices will surge. That makes a Solana investment pretty lucrative to speculators, with some time on their side.
If the Solana blockchain becomes the new standard, investors will want to get in as close to the Solana cryptocurrency’s beginning as they can. However, even if the odds look good now, they’re not implacable. Solana “can” become a household name soon. Though Solana is initiating some promising technology right now, its adoption remains to be seen. We’re all excited, though!
Yes, It is a coin with a dog on it! Launched on December 6th, 2013, Doge is a popular meme of a Shiba Inu dog.
With a huge crypto community, Dogecoin is commonly known as the “friendly” coin”. Since its success, Dogecoin has been known for its charitable donations and other good causes.
Dogecoin has no supply limit,i.e. there is an endless amount of Dogecoin (114miilion right now), and so the price will not increase as much as other coins like Litecoin and Bitcoin.
The Dogecoin lottery happens once every minute and ensures that new Dogecoin transactions are confirmed every minute. Dogecoin’s transaction time is much faster than either Bitcoin or Litecoin.
You can buy and sell Dogecoin on most crypto exchanges. One of Dogecoin’s strengths is its relaxed and fun-loving community.
A Dogecoin developer, Ross Nicoll, has said that he has been working on an update that will make the crypto safer and more stable. It could also mean that the value of Dogecoin will rise. If you’ve been on the fence about it, right now may be a good time to buy some DOGE.
GIVerance Token (GIV)
GIV is the governance token on CryptoLocally, creating a truly decentralized gateway to blockchain and DeFi. GIV was first integrated into CryptoLocally as a native discount and incentive token. At present, you can earn GIV while trading on CryptoLocally; after each trade, both users are awarded GIV based on the changed amount.
You can also earn interest on your GIV holdings directly in the Finance wallet. There are also features like boosting your offers or discount coupons with your GIV.
GIV holders inherently have voting rights, giving GIV holders the ability to control inflation, staking rewards, free float (by way of token burns), vote on CLV strategies, and even vote for new listings on CryptoLocally.
It is time we realize that Bitcoin is an exception, not the rule. Here’s the deal: If you have no debts, with an emergency fund that will cover 3–6 months of your expenses, and you have diversified investments, adding crypto to your portfolio and altcoins, at that, is a no-brainer.
Do remember — in any investment you make, take notes of the risks and never let the potential returns get cloud your judgment. Cryptocurrencies will certainly take center stage in the future, but we advise you to invest safely and intelligently.