Anyone who has become acquainted with the cryptocurrency market over the past few years has undoubtedly heard about Bitcoin. The first, largest, and most expensive of all the cryptocurrencies, Bitcoin is so popular that it has become synonymous with cryptocurrency in most cases. But the fact of the matter is, Bitcoin is far from the only digital asset out there. In fact, there are thousands of coins and tokens that also have great features and could possibly be the “next big thing” in the crypto world.
With new coins cropping up all over the crypto market all the time, it can be tricky to keep track of what is a legitimate coin and what is merely a fad. This is particularly true considering the latest surge of “memecoins” or joke currencies that have popped up such as Dogecoin — a digital asset that was largely created as a meme and joke, and one that does not have very high utility (usage in the real world). Here are a few coins that are valuable, growing, and that have a strong chance at remaining relevant and precious in the future.
Ethereum’s coin, Ether, is quite possibly one of the most valuable digital assets out there. The Ethereal blockchain currently hosts thousands of decentralized apps, and the most traditional of institutions have started relying on this blockchain ecosystem making it one that is vital to the community. This ensures the continuity of Ethereum’s coin, Ether. The entire Ethereum blockchain recently underwent a revolutionary update that ensured stronger features and quicker transactions, so it is clearly improving day by day. Additionally, the digital asset has a very strong profile and has been adopted by many banks and financial institutions around the world.
The payment platform Ripple’s digital currency XRP is also one that is highly valuable and will most likely continue to grow. This is due to the fact that XRP offers a unique solution to a very common problem in the world: money transfers. XRP acts as the bridge between currencies and can be exchanged for any crypto — this means you can pay someone some Bitcoin, Ether, or even USD by transferring XRP and exchanging it into whatever currency your recipient would like to receive. It is fast, flexible, and boasts low transfer fees.
Dubbed the “Ethereum killer,” Cardano’s blockchain is full of potential and was developed using the most cutting-edge technology. With a market cap of $33.8 billion, Cardano’s model provides solutions to many problems such as legal contract tracing, voter fraud, and other things. This makes their coin highly valuable and viewed as a very stable and safe cryptocurrency.
With every single Tether pegged to a single USD, this stablecoin is indeed valuable. Since its inception, Tether has become the most widely used stablecoin due to its high volume and liquidity — both of which make it an ideal store of value throughout instances of economic instability or volatility. Tether’s stability makes it a stronger hedge against the volatile cryptocurrency market. USDT can also be traded with no transaction costs and delays, a welcome feat for traders in the crypto world. Despite some legal troubles, Tether appears to have moved on strong and is looking forward to big plans for growth.
With a growing number of merchants accepting Litecoin worldwide, it is no surprise that this coin has made it to the list of valuable cryptocurrencies. Litecoin can produce a greater number of coins than Bitcoin due to its structure, and its transaction speed is also faster. It has a strong foundation and is seen to be the silver to Bitcoin’s gold.
Of course, we cannot talk about valuable cryptocurrencies without mentioning Bitcoin. This cryptocurrency boasts the highest coin utility out there, with many banks and financial institutions adopting it. Bitcoin was also adopted as legal tender in the country of El Salvador, with others expecting to follow suit. The first and largest of all the cryptocurrencies, Bitcoin is bound to withstand the test of time and continue to grow.
We find that while Bitcoin may very well be the most vied for cryptocurrency, it is not necessarily the only one that can offer a pathway to financial freedom and major capital gains. There are countless other coins out there with untapped potential that have a fantastic path ahead.
If you find yourself confused about which coins to invest in, and how to plan out your financial future, the first cryptocurrency educational platform Dchained is currently offering an affordable and unique package called “The Winkle: Tell Me What To Buy”. This monthly subscription will enable you to master the basics and gain access to curated content that will prime your investment strategy. Always be sure to read up on companies before you invest in them, and follow reputable educational cryptocurrency platforms for insight as to the latest market trends and surging coins.