The world of cryptocurrencies is as fascinating as unpredictable. The capitalization of coins may change rapidly and those who are fond of crypto trading are always aware of the risks related to it. However, there are numerous strategies for minimizing it and one of them consists in utilizing alternatives to the most popular and well-known Bitcoin.
Ethereum (ETH)
This coin gained as much popularity as the first one. For the last several years it has shown both great leaps and lower declines than other options. No wonder, that many users select it while purchasing fiat-crypto. Moreover, nowadays one can receive loans secured by it due to the introduction of the DDefisystem.
Binance Coin (BNB)
This option is utilized by the eponymous exchange and its offers. In addition, trading fees may be paid with its help. Therefore, that is a useful alternative in the crypto world. Since it becomes raising its popularity also increased and the process has not stopped till now.
Stellar (SDF)
This currency was created in 2014 based on an existing code. Its creators aimed to support the financial network that utilized the existing blockchain technology. Nowadays lots of organizations participate in it, and the number of people who trust it exceeds 4.7 million.
Tron (TRX)
This one was a breakthrough in 2017. The coin showed amazing growth of 2400% in several months. Since that time, it reveals attractive stability.
How Bitcoin is unknowingly saving African Wildlife
Ripple (XRP)
Among unusual options, this one is the favorite for many users. One cannot mine it as there is a limited existing amount. The coin was developed as part of the financial system that means to create novel solutions for money transfers.
Cardano (ADA)
The Cardano cryptocurrency platform was created by a group of scientists and engineers led by Charles Hoskinson, who previously also co-founded ETH and BitShares, and provides a unique approach to scaling and securing the blockchain network. The cryptocurrency that runs on this network is called ADA and may eventually replace others due to its efficiency.
Litecoin (LTC)
Litecoin is built on the source code of bitcoin and therefore is often perceived as a child of it. Litecoin differs from the leading cryptocurrency in faster transaction confirmation time (almost four times) and increased storage efficiency. For several years, Litecoin has been consistently at the top, its growth is influenced by the same set of news, and by the mother bitcoin.
Bitcoin Cash (BCH)
Another fork of bitcoin was separated from the parent cryptocurrency in 2017. In the early years of BCH, experts without enthusiasm assessed its prospects, pointing to the oversaturation of the market with bitcoin clones. However, the currency strengthened its position over time, especially after the start of work with PayPal. It is believed that this cryptocurrency is the most convenient for retail operations.
Monero (XMR)
Developer Nicolas van Saberhagen launched the Monero currency in April 2014 under the name BitMonero, making its main feature the maximum anonymity of transactions. According to the developer, the protocol implements several transaction anonymization techniques: stealth addresses and ring confidential transactions. Thanks to this, in this network, only the participants in transactions and those who will be provided with a special access key know the amount of the transfer, the sender and recipient addresses.
Dogecoin (DOGE)
To a certain extent, the growth of this currency is helped by the owner of Tesla and SpaceX, Elon Musk, who regularly devotes his statements, tweets, and even jokes to it, such as promising to deliver the altcoin to the moon. Musk also announced the purchase of Dogecoin for his son, who was born in 2020. It is noteworthy that each such tweet is accompanied by a jump in the value of the coin on exchanges – sometimes up to 20%.
