When cryptocurrency comes up, the first thing that comes to most people’s minds is Bitcoin, and rightfully so. Although BTC gets a considerable chunk of the media coverage, there are still plenty of other options, like altcoins, to invest in. Since 2009, thousands of altcoins have appeared, creating healthy market competition and broadening the spectrum of investors based on financial ability, knowledge, and longevity. The magnitude of options complicates the crypto landscape, making it hard to know the best altcoins. Each digital coin on the market, Bitcoin or an altcoin, holds varied signature features and technical differences. All Altcoins have made their mark for different reasons, some simply for the popularity created through media memes. Although investing in cryptocurrency can be highly volatile, the broadening variety of altcoins has attracted many big players.
Identifying The Altcoins On The Market
The market for digital currency has skyrocketed, bringing about alternative options like ICOs and NFTs, but at the foundation of all this technological growth are cryptocurrencies, including Bitcoin and multiple other altcoins. The popularity of the financial alternative has recently soared, with a huge opportunity to make money free online. As the demand increases, so does the variety to choose from. There are many ways to stay in the loop with the latest altcoins on the market, but the most accurate would be to follow reputable news sources that focus on digital currencies. The altcoins market can be split into three main categories these are Native cryptocurrencies, Tokens, and Stablecoins.
Native cryptocurrencies are digital currencies that run on a specific blockchain network. These coins can be used interchangeably with currency and cryptocurrency. Native cryptocurrency options include Bitcoin, Litecoin, Dogecoin, and many others.
A token is the in-house version of cryptocurrency. It is measured in a unit of value based on an already existing blockchain. Tokens are used for a particular purpose in a crypto casino environment. A great example is the BC.Game token, the BC Dollar (BCD).
Stablecoins are one of the latest creations in the altcoins atmosphere, offering the advantage of lower volatility. This is made a reality by pegging the value of an existing currency. The most popular stablecoin currently is Tether, holding the largest market cap. Therefore, stablecoins offer an excellent alternative to crypto gambling.
Other cryptocurrency Options
Since starting more than a decade ago, cryptocurrency has branched into many different sectors. Besides the four main categories of altcoins, cryptocurrency options include many other alternatives, such as DeFi, NFT, and utility tokens.
A contributing factor to the success of cryptocurrency recently is the acknowledgement from well-recognised establishments. In recent news, Coinbase Global, Inc aired an ad during the Super Bowl offering a promotion of a free $15 for all new users. The customer response rate caused the app to crash within several minutes of airing. Furthermore, a well-recognised digital investment advisor, Betterment, immersed itself in the crypto ecosystem by incorporating a robo-advisory firm Makara. Lastly, the crypto market giant, Binance, has invested $200 million in the print and digital publisher Forbes. With this much attention brought to the offer of cryptocurrencies, it’s no surprise that altcoins are gaining popularity. Find out the best altcoins by reading the list further down.
The Best Altcoins For 2022
With Bitcoin leading the race, it’s hard to imagine earning money through any other crypto coin, but many people don’t realise that altcoins hold massive potential. Just like the original cryptocurrency, altcoins provide investors with the chance to rack up some impressive ROI. Pay attention to up-and-coming coin offers; you could be the next crypto fundi to make a bang for your buck!
7 of the best altcoins to buy:
- Ethereum (ETH)
- Ripple (XRP)
- Solana (SOL)
- Polkadot (DOT)
- Dogecoin (DOGE)
- Litecoin (LTC)
- FTX Token (FTT)
Although Bitcoin remains an industry leader in market cap, user base, and industry popularity, many other altcoins have created enormous opportunities for many investors. Some altcoins even go as far as offering more improved options of Bitcoin features, such as shorter verification times and cheaper fees. Cryptocurrency options like Ethereum are the perfect example of new implementations of crypto technology like decentralised financial (DeFi) systems.
The cryptocurrency market is still in the beginning stages, with constant growth and opportunity provided. Take your time and research before trying out one of the best altcoins for 2022 at a crypto casino like BC.Game! Exploring the industry and understanding all the elements could be the difference between losing and again.