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Thursday, May 13, 2021

Altcoins to Watch in 2021

Crypto, or digital currency, is the latest trending medium of hassle-free currency transfer in stock markets. In the 21st century, several new forms of cryptocurrencies have sprung up and leading investors are already waiting for the newest ones in 2021. Bitcoin’s massive popularity among investors has led to the development of several altcoin projects which offer prospects of high returns. Read this comprehensive guide to know all about the latest altcoins of 2021 that are worth your time and money.

Top altcoins of 2021

In the current market, several cryptocurrencies have high-end returns, but you will find only the best among them in this list. Some of the most profitable altcoins of 2021 are as follows:

  • Litecoin

Litecoin or LTC was founded in 2011 by a former Google team member who had used the database of Bitcoin to create a faster and safer cryptocurrency. Since its launch in 2011, it has already attracted a lot of investors and has a current market capitalization of around $8 billion. Litecoin is 51% safer than Bitcoins against external attacks by hackers. Thus, you can easily trade Litecoin if you are looking for an alternative to Bitcoin. Regulated forex brokers like Easymarkets allow you to use contracts for difference to trade the price of LTC against the US Dollar without needing to hold the underlying coin; an appealing option to using unregulated crypto exchanges.

litecoin is good investment
Litecoin is good investment Source: forbes.com

  • Ethereum

Ethereum or ETH is a newcomer in the business, but has made a big name for itself due to the high rate of returns. This is the super-fast cousin of Bitcoin, since you can complete transactions in 15 seconds (compared to 15 minutes for Bitcoin). Moreover, it runs on a series of contracts and the transaction process is affected by real-life events. It has already gathered a market capitalization of $200 billion and the return value is 470%.

  • Cardano

Cardano or ADA is a new form of cryptocurrency, which already has a market capitalization of around $27 billion, despite only being launched recently in 2017. It is showing signs of further growth, as the cost per transaction is just 30 cents per coin so it is one of the most tempting cryptocurrencies, with a 441% return value in 2020. It also runs on the latest cryptocurrency technology, thus negating safety concerns.

  • Dogecoin

Dogecoin or DOGE has been in the market since 2013 but saw a soar in popularity in 2017 when Elon Musk, the CEO of Tesla, had started promoting it. It has a faster block time so it can process payments much faster than Bitcoin. Moreover, it has a market capitalization of approximately $7 billion along with a 118% return rate in 2020. Thus, it also has a lot of promising features that can enhance its popularity in 2021.

  • Polkadot

Polkadot or DOT is another new form of cryptocurrency launched in 2017 by Gavin Wood, the technology officer of the Ethereum project. It has a market capitalization of $27 billion and uses para-chains – multiple blockchains that run parallel. Thus, you have the added advantage of transactions being fast and safe.

Conclusion

The popularity of Bitcoin and altcoins depends largely on the market, so it has its ups and downs. However, the altcoins mentioned above were the most popular in 2020 and have a big chance of being even more popular in the future.

Joseph Ibezimhttps://www.xtrahola.com
Joseph is an Internet scientist by mind and founder of Xtrahola Concept. Lover of all things tech, and general geekery.

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