What are altcoins?

Altcoins refers to cryptocurrencies that are alternatives to the first-generation cryptocurrency, bitcoin. They are considered the second and third-generation cryptos and they have plenty of options as suitable digital portfolio assets. Click at this official site

Why invest in altcoins?

Cryptocurrency has been down and struggling during this bear market since its introduction in 2008; a popular crypto has been down by 57% this year; this is the reason why many investors are looking at different altcoins as a way to diversify; and provide ballast to their cryptocurrency portfolio by looking at the functionality they offer.  It is not easy to choose the best altcoin amongst the array available in circulation. Therefore, if you want to invest here are a few altcoins worthy of your attention

Ether (eth)

Ether is a native cryptocurrency to the Ethereum blockchain, launched in 2015, its considered a new internet for finance. It runs applications through blockchain technology and can mine and store wealth to support games and smart contracts, and financial transactions. Since its launch, eth has about $129 billion in market cap and has acquired a market capitalization of over $155 billion. A token of ETH is worth 1269 euros or $1100 beating bitcoin with a range of about $20100. In august 2021 it hit the skyline at 3815.79 euros.

Tamadoge – best new altcoin to buy

This offers users a way to earn features for a reward benefit; it is an uprising crypto project by battle infinity. It is native to Tamaverse and has a multi-utility token for investors’ use. In nfts its applicable in settling transactions in tamaverse due to its unique Tamodoge pets which bread monthly and rewards in tokens called “dogepools” used to mine smart contracts unique to a single NFT. The TAMA store allow players to easily buy pets with TAMA tokens each with a unique advantage, weakness, and character. The tama token, Tamadoge recently launched for presale in their third quarter this year 2022 supplying a total of 2 billion available tokens, during this presale only half was provided and 20% set aside for future billing exchanges. In the next decade, a total of 30% of TAMA tokens will be released to be mined. There is no tax when involved in buying or selling TMD coins.

Litecoin (LTC)

Charlie lee, a computer scientist and entrepreneur developed LTC and commissioned it in 2011launched in 2011, it was a competitor to BTC in the earliest years of crypto trading and mining it is Sayed to be the silver in cryptocurrency. Litecoin transactions are boastful of their faster transactions due to the use of a newly developed algorithm called scrypt, it is faster than BTC transactions. Also, Miners are offered rewards for completing verification and processing of a blockchain transaction. Litecoin’s market cap is us$9 billion as of January 2022 with a transaction of 70 billion ltc.

Avalanche (AVX)

However, This mainly has a large-scale platform and being a prominent issue in blockchain avalanche tops the list to solve it, it has shown to be able to perform over4500 transactions/sec and is a proof of stake blockchain and a smart contract platform. This has made it more attractive to crypto finance.  AVX has a market cap of $21.8 billion as of January 2022 which is an undervalued altcoin thus offers a strategy for smart crypto investors with a criterion of a low-cost, scalable blockchain. Currently, avalanche has partnered to build a metaverse with Atlantis to increase its scalability even further by connecting subnets such as defi and w`eb3 gaming applications

Polygon (MATIC)

Although, There is a lot of buzz for polygon and this is why it is an ERC token running on Ethereum’s blockchain and has a 2-layer network supporting its network it is majorly used in staking and paying fees over the net with a strong scalability portfolio. Also, The latest launch to bring down costs and accelerate transactions was done by a zk-rollup feature called zkevm. Polygon’s market cap is below $17 billion and its price has gone up than us$2.5 recorded in January 2022.

Conclusion

Altcoins refers to cryptocurrencies that are alternatives to the first-generation cryptocurrency, bitcoin. It is not easy to choose the best altcoin amongst the array available in circulation. Therefore, gather enough knowledge about the best altcoins and choose one or more based on your crypto goals. You can always choose the trusted site https://immediate-profit.de/.