Whenever it comes to invest in a cryptocurrency, the most common answer to expect is Bitcoin. And there is nothing wrong with it. After all, this digital currency deserves to be among the investors’ favourite list. With the wide expansion of cryptocurrency as digital technology, it has given traders the chance to explore it. Every digital currency that you see in the crypto ecosystem, is unique in its way prompting the traders to participate in the moving crypto market. Bitcoin, no doubt, will always remain the underlying factor behind the rising graph of cryptocurrencies. But there are best altcoins other than this dominating cryptocurrency to invest in.
Other than the success of cryptocurrencies there is one big and risky factor, which you as a crypto enthusiast must familiar with is volatility. It is a very negative side of this new digital concept. Trading gets much affected by it. However, it also comes with a high reward. So in that sense, it can be profitable for traders. However, there are ample options for trading, still, it is advised to focus upon the big players of cryptocurrency. It is because they comprise a better framework and liquidity. This might be the reason for the preference of Bitcoin as an investment asset. But one needs to come out from the confinement zone of this latter digital currency and should explore more alternatives. Now, this creates confusion regarding what altcoin to invest in? Well, to know the answer to this question, it is better to know about some of the best altcoins mentioned below.
EOS is one of the best altcoins to invest in. This alternate coin is known for benefitting in better utilization of tools for the development of decentralized applications with the help of blockchain which fares in being faster and smart contracts that seem stronger. Many crypto experts see it as promising blockchain technology for the coming years. This platform is known for superseding the features of Ripple as it comprises scalability. If the possibilities come in favour of EOS in reaching its desired targets, then nothing can stop it from becoming the top blockchain platform. If it does come true, then its token with a similar name would rise higher.
Bitcoin is often considered to fall under the category of first-generation. If that’s the case, then Ethereum, being the second most popular name joins the second generation. This altcoin also falls under the category of the best altcoins to invest in. Being a crypto enthusiast there must be a question in your mind as to what makes Ethereum so popular altcoin after Bitcoin? Well, it is all because it never imitated any framework of Bitcoin and has proved that there is no mandatory approach of cryptocurrencies to be confined for financial motive. The advancement lying in the feature of Ethereum makes it more captivating and applicable.
When altcoins like EOS and Ethereum is listed under the best altcoins, then how come Ripple be left behind. Ripple is also popularly known as XRP. It also falls under the best investment options for investors. The cryptocurrency is monitored by the company sharing a similar name, Ripple Labs.
Come out of your Bitcoin confinement zone as Ripple, EOS, and Ethereum are also the best altcoins to invest in. There is no doubt that Bitcoin has been people’s favourite digital currency ever since it made its debut on 3rd January 2009. It is the one that introduced the wave of cryptocurrency to the whole world. Hence, it won the hearts of many investors who considered it as an investment asset. But after it had its share of global fame, many new alternate currencies came into being. They were given a special name of altcoins. Ethereum is the second-most sought option after Bitcoin.