3 Best Alternatives Of Bitcoin
Like many of us, you might be appalled by the sudden rise of cryptocurrency in just a couple of years. Figuring it out as the best investment, you think it’s safe to buy some coins that would someday pay you millions!
Do you want to invest in cryptocurrency but are dismayed to see the soaring prices of Bitcoin?
Wait, it’s never too late. There are some best alternatives of Bitcoin that can give you the same profits in the future. Let’s get started without further ado!
Three Best Bitcoin Alternatives:
Do you know there are almost 6000 crypto coins in the market as of 2021? That’s why you must have a knack for finding the best crypto coins for you. Market volume or capital is the factor that helps you determine whether to invest in a cryptocurrency or not. Below are some best coins based on the same metric.
Ethereum:
Ethereum blockchain provides Ether coin ,which is one of the best alternatives of Bitcoin. Being an investor, you can’t rely solely on market capitalization. Though the market potential is a thing, as the people using it determine its recourse, it’s not a deciding factor.
The main factor is the current trend and as of today Ethereum is performing better than Bitcoin.
According to coinmarketcap, in the previous 7-day period the price of bitcoin decreased 7.8% and that of Ethereum decreased roughly 5%.
Thus, in the long run, you can see Ethereum may beat bitcoin. So, it’s better for you to move towards Ethereum today to earn great ROIs.
XRP:
If you can’t garner large sums, it is better to lay your hands on XRP. It is a relatively weak currency. Comparing its market capitalization will be sheer foolishness, but it has gained sufficient users in the past few years.
XRP’s current market worth is 43 billion US dollars. Even in the current depreciating environment, it is losing nearly 2% of its trade bulk as compared to other top-level coins.
Thus you can foresee some sustainable growth in its market capitalization.
Therefore, you can plan out to invest in this coin.
Salona:
Known as the “Ethereum Killer”, SOL entered the market in 2020 and rose up to the ranks of top cryptocurrencies of today. Currently, it has garnered 5th position in the market. The main reason behind it is flabbergasting growth which has amounted to more than 1000% since its inception.
According to coinmarketcap, Salona has a market capitalization of $57 billion. Different cryptocurrencies use different validation models. As far as Salona is concerned, it uses a proof of history model for validating transactions.
Therefore, Salona has great speed as compared to others. You can consider this cryptocurrency on your top investment list.
Wrapping up:
Among a host of cryptocurrencies out there, finding the right one that best suits your investment plans is a skill indeed. As you can’t approach buying bitcoins, you can find the best alternatives by comparing their market capitalization and analyzing their performance.
We have provided the best bitcoin alternatives that can help you leverage your income today. Invest in them and maximize your profits.
