Bitcoin is shattering records and revolutionising the world and Ethereum has literally redefined how blockchain technology can be used but looking past these biggest coins however is where we find ourselves a gold rush of newer coins that is untapped the Altcoins of the crypto world which basically include any.
Besides Bitcoin and Ethereum are so important and cannot be ignored because they represent the future potential of cryptocurrencies coin.
In 2009 Bitcoin was founded and was officially recognized as the first cryptovalent in the world. For the first few years, Satoshi Nakamoto’s idea of blockchain technology, thanks to which BTC was created, was not popular. At that time, there was no other digital currency that would meet the requirements of crypto. So if you were talking about digital assets, BTC was the most common.
The technical reason may be that creators often want to improve a project, in this case BTC and try to create a new alternative. The big disadvantage of BTC is the high transaction fees, so many creators want to change that. The second reason for creating altcoins is simply because they want to make money on crypto, which is still developing
I am going over my top five Altcoins to buy right now for the end of 2021.
There are over 7,000 crypto coins out there but i’ve done the research and this is my list of the best coins to look into we’ll go over the numbers and current news that you can make an informed decision
The first coin we’re talking about today is Avalanche. Avalanche is a proof of state crypto project that enables you to build your own decentralised applications and blockchains the platform relies on the Avax token as a means for consensus and for paying network fees so right now Avalanche is trading at 90 with a 24 hour low of 75 and a 24 hour high of 110, so here’s the one month chart you can see that just about one month ago we were trading about 70 dollars per coin it shot pretty dramatically in the last month two months all the way to around 140 per coin and since then it’s sort of levelled off a little bit if you zoom out to one year ago you can see that back in February of 2021 we saw a big spike in avalanches price followed by a steady decline all the way back down to around 10 and since then it’s just really rally shot up in price but yeah back in 2020 you guys literally a few dollars per coin so in the last 24 hours the trading volume is about two billion dollars.
Avalanche can guarantee that your transactions stay put within two seconds of you calling it in which is absolutely insane so far the hottest news in the avalanche community is the fact that avalanche recently overtook Dogecoin to achieve the 10th spot in the biggest cryptos by market-cap avalanche raised over 230 million dollars in September from investors and actually created their own 220 million dollar fund called blizzard to support projects on their platform now the primary reason why avalanche’s value skyrocketed in the past month is because of the recent announcement that financial giant Deloitte would team up with Avalanche to use its blockchain technology to construct disaster relief platforms ,This coin should be on your watch list and one that I will be buying more.
The second coin we’re talking about is Polkadot and Polka dot is an open source blockchain based platform that relies on the dots token so that users can govern the protocol behave appropriately on the network through staking.
So if you zoom out to the one-year chart you can see that one year ago we were trading around five dollars a coin really shot up starting in let’s say January of this year levelling outback uh in the middle of the year and since around july the price has increased from around ten dollars to where it is right now total trading volume in the last 24 hours is about 1.2billion dollars.
Polka dot is about unifying an army of blockchains which look like dots from a far into a single secure and scalable network definitely one that you should consider for your portfolio.
Stellar is my third coin that I am holding it is an open source decentralised platform launched in 2014 that relies on its token known as the lumen going by the symbol xlm all right so one stellar coin xlm is trading at about 33 cents right now with a 24 hour low of about 32 cents and a 24 hour high of about 34 cents this coin has been pretty much moving sideways for the last few months we can see that three months ago we were just about you know same price 33-35 cents per coin it went up dipped back down to where it is right now if we zoom out to the last year we can see that actually hit a high of about 73cents back in may of this year and ever since then it really did decrease in price all the way to about 20 cents per coin and since then it has sort of gone up so the price change in the last 24 hours is about 1.37 percent down we have a market dominance of 0.31 percent and the market rank of 26.
The current market cap is going to be just over eight billion dollars
Stellar is a single digital platform that way people can transfer money and execute transactions across boards with fast speeds and for low fees so one huge benefit of using stellar is that you can send money abroad at ridiculous speed and for a low cost whereas before fees would get quite hefty and it would take days for transactions to settle now you might be wondering this sounds an awful lot like ripple so what really sets stellar apart from ripple the biggest difference between the two is the market that they target while stellar wants to accommodate individuals ripple is more focused on partnering with banks however it seems like seller is becoming the newly preferred currencies platform for its decentralised platform and non-profit label not to mention the sec law suit that ripple has been facing recently in fact about two months ago digital payments company money-gram announced its partnership with the stellar development foundation to use blockchain technology so that usd cache can be quickly converted into digital tokens allowing for much faster more streamlined and more secure transactions to take place.
Right next up on our list is Solana, is a public blockchain platform that relies on its native token for payment transactions on the Solana network, market rank of five and the total market cap right now is about 63 billion consider itself the fastest block chain in the world able to handle 50,000 transactions per second which dwarfs the transaction throughput of other cryptos out there the project offers a platform for construction and development.
Solana is widely considered to be a long-term competitor for Ethereum and it’s super exciting for a few reasons for starters the network has its own NFT marketplace called Solanar which is a hub where users can buy and sell popular NFT.
Next up we have Cardano, is an open source public blockchain platform launched in 2015 by ethereum co-founder Charles Hoskinson the platform relies on its native token.I think that cardano is a great project that everyone should do more research on and add to their portfolio.
Anyway those are my top five altcoins for the end of 2021, with all investing especially crypto make sure to do your own due diligence before buying anything this blog should not be considered financial advice but rather just the current news surrounding five altcoins that i currently like happy trading and investing.
