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A spectacular increase in the demand for altcoins in the year 2021 comes as no big a surprise. As more people are inclined towards alternate sources of income, the cryptocurrency market has seen demand like never before. Though Bitcoin has always managed to draw eyeballs from everywhere around, there are other cryptocurrencies as well that stand the potential to make it into your investment portfolio. All other cryptocurrencies apart from Bitcoin are referred to as altcoins. Now that a good number of big players in the market are other investors are showing keen interest in altcoins, it makes every possible sense to have a look at the top 10 altcoins to buy. Keep reading!
Ethereum came into existence way back in the year 2013. Since then, there was no looking back for this cryptocurrency. Right from being the second largest and one among the highly traded cryptocurrencies across the globe to being the foundation behind the smart contract platform, this cryptocurrency managed to grab attention. Now that Ethereum has laid the foundation for decentralized finance (DeFi), it deserves every bit of attention.
The last couple of weeks saw an impressive surge in the price of this cryptocurrency. This is a consequence of the recent partnerships that Stellar has dived into. 2021 turned out to be great for Stellar as the price rose from a mere $0.3 to $0.77 in no time. This leaves us with predictions that the price would increase in the days ahead and hence investing in it right away would be a good decision to make.
It is an Ethereum token that powers the Chainlink network. Talking about Chainlink, it is "a group of independent blockchain oracles that provide data to a blockchain." Currently priced around $17, it holds the potential to become a leading crypto standard among decentralized oracle networks.
This is yet another Ethereum-based decentralized app that aims at exchanging Ethereum tokens through liquidity pools. Uniswap is more than just a decentralized exchange. It aims to address the issues that arise as a result of liquidity as well. Priced in the range of $16 and $17, this one is surely worth an investment.
Next up on the list is Neo – a new economy where digitized payments, identities and assets come together. Back in the year 2014, Neo was known as Antshares, and was believed to be China's first-ever public blockchain. With its price varying between $30 and $32, it has left no stone unturned in impressing the investors.
No wonder, scalability has always been an issue of concern in the blockchain ecosystem. On that note, Zilliqa emerges out to be a public blockchain that is actively mitigating any future scalability problems that may arise in the ecosystem. ZIL, which is quite economically priced, is used to process transactions on the network and execute smart contracts.
Drawing a lot of similarities from Bitcoin, this cryptocurrency has been everyone's favorite since its launch. One of the features of these altcoins that sets them apart from the rest is its processing speed. It is way faster than Bitcoin, hence the attention. The kind of growth this altcoins have seen over the years has left the investors with a lot more expectations.
With a trading volume of over $250, Aave has grabbed attention for all the right reasons. This being a decentralized finance protocol thereby allowing people to lend and borrow crypto, both – lenders, as well as the borrowers, are benefitted. The lenders earn interest by depositing the digital assets and the borrowers use their crypto as collateral.
With celebrities like Elon Musk, Snoop Dogg and Gene Simmons laying a crucial role behind Dogecoin receiving mainstream attention, this altcoins surely had to find a spot in the top 10 altcoins to buy. This cryptocurrency had come a long way and the legacy is bound to continue for years.
This altcoin that was launched in June 2016 aims to create an ecosystem that solves problems related to supply chain management. It makes use of distributed governance and Internet of Things (IoT) technology for this. For the kind of potential it holds, it is truly worth investing.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
