Cryptocurrency is one of the buzz words of current time. You will be amazed to know that there are more than 700 types of cryptocurrencies available in the market. Bitcoin is just one of them. However, Bitcoin is more popular than other coins because of its higher price, flexibility, and stability. But the frame of Bitcoin is decreasing day by day.
The coins that are inspired by bitcoin are known as altcoins, and they are trying to prove their ability. Most of the altcoins are easy to mine. On the other hand, some of them come with improved and secured features than the Bitcoin. As a result, they are also becoming popular day by day. In this article, we will discuss top 6 altcoins to invest in 2021 instead of Bitcoin.
Top 6 Altcoins to Invest in 2021
Here are the top 6 Bitcoin Alternatives to Invest that will give a value to your money:
Litecoin is a peer-to-peer cryptocurrency and it was one of the very first altcoins. It was created in 2011 by Charles Lee, a former Google employee. It is an open source decentralized payment platform. The Litecoin comes in second by value after Bitcoin. However, it is easily accessible, and you can easily withdraw it.
Litecoin uses “scrypt” algorithm, and it can be decoded with consumer grade CPUs. It has a faster block chain generation rate than the Bitcoin. Currently, a lot of merchants accept Litecoin as a payment method.
The Ethereum is another famous open source software platform. The Ethereum is distributed as a public blockchain network as like as Bitcoin. But there are many significant differences between Ethereum and Bitcoin. In Ethereum, miners work to earn either which is the fuel of this network.
The Ethereumblockchain focus on running programming code of decentralized application when the Bitcoin concentrate on tracking ownership of digital currency. It is also used by application developers to pay for service charges.
3. Tron (TRX)
TRON was founded in 2017, originally on the Ethereum network. It’s now switched to an independent blockchain platform and uses a proof-of-stake algorithm to process transactions. With a current market cap of $1,825,286,288 and a price of $0.026, TRON could be one of the top cryptocurrencies to invest in 2021.
Tezos is a blockchain platform for developing decentralised applications similar to the Ethereum network. Tezos has support for smart contracts and but unlike Ethereum uses delegated proof of stake in order to synchronise the blockchain network. Tezos (XTZ) is the platform’s native cryptocurrency and as well as being used to pay for transaction fees, can be delegated or baked to delegates in order to earn additional XTZ. This growth is largely down to the fact that Tezos was selected by the financial group Elevated Returns (ER), which was looking for a blockchain platform where it could offer tokenized offerings worth $1.6 billion to real estate investors.
Ripple is also known as Ripple Transaction Protocol or Ripple Protocol. It was initially released in 2012. It offers a secure, instant and nearly free international payment service. Currently, it has a market value of $1.26 Billion. This payment system is slightly different from Bitcoin and other cryptocurrencies. You will not need to mine on this network. As a result, it reduces the usage of computer power and network latency.
The Ripple has a lot of advantages over other cryptocurrencies. It is becoming popular global payment option. Companies like UniCredit, Santander, UBS are using Ripple as their payment method.
6. EOS - EOS
A lot of people who have addressed the shortcomings of the Ethereum network are already shifting their investments to EOS or as some call it ‘The Ethereum Killer’. There are many advantages of EOS including the fact that the platform performs much faster than Ethereum and Bitcoin and is more scalable.There is also no need for users to pay gas fees to use the network, instead there’s a centralised group of 21 gatekeepers who approve transactions. The current CoinMarketCap ranking is #13, with a market cap of $2,497,852,310 USD. It has a circulating supply of 937,837,798 EOS coins
The above-mentioned altcoins are top alternatives to Bitcoin. You can invest on any of them. You can buy it from Zebpay by creating an account with this referral link - https://link.zebpay.com/ref/REF96147482. They definitely give you good value for your money. If you have any question about top 6 Altcoins to invest in 2021, please let us know by comment.
Disclaimer: Cryptocurrencies are highly volatile. Your capital is at risk
Trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors.