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Cryptocurrencies: The 5 Most Important Altcoins 2021

 





Bitcoin has been the dominant name in cryptocurrencies since 2009, but the field of cryptocurrencies has expanded dramatically since Bitcoin was launched over a decade ago. Today there are many other Cryptocurrencies such Litecoin and hundreds of others on trading exchanges. In fact there are many more to come. These are called Altcoins, for alternative to bitcoin. Here is a list of Top Five Altcoins or Cryptocurrencies Other Than Bitcoin that you should keep an eye on in 2021.

1. Ethereum (ETH)



 Ether was launched in 2015, since then it's value has grown expotentionally. It is currently the second-largest digital currency by market cap after Bitcoin. As of Feb 2021, ether's market cap is roughly 1/5th of Bitcoin's size.

In 2021 Ethereum plans to change its algorithm from proof-of-work to proof-of-stake. This will make Ethereum's network to run with far less energy as well as improved transaction speed. That means mining it is not a good idea in 2021 but still, its potential growth is expected to be high.

2. Litecoin (LTC)





Litecoin was launched in 2011, created by an MIT graduate and former Google engineer Charlie Lee. It is often been referred to as “silver to Bitcoin’s gold.” Based on an open-source global payment network that is decentralised and uses as a proof of work, very similar to bitcoin. But unlike bitcoin it has a faster block generation rate and therefore has a faster transaction confirmation time.  As of Feb 2021, Litecoin had a market cap of $13.8 billion and a per token value of $212.49, making it the sixth-largest cryptocurrency in the world.

3. Cardano

It is the largest third-generation cryptocurrency. Cardano is in its early stages and has also been dubbed as the Ethereum killer. Its proof-of-stake system means it can operate more efficiently than the standard proof-of-work system. It is also is fully open source.

As of Feb 2021, Cardano has a market capitalization of $28.71 billion and one ADA trades for $0.922.4

4. Binance Coin (BNB)

Binance Coin is a utility cryptocurrency that can be used for paying the fees associated with trading on the Binance Exchange. Initially an ERC-20 token but now has its own mainnet launch. In past one month its value has increased by three times. As of January 2021, Binance has a $20,184,824,559 billion market capitalization with one BNB having a value of $130.

5.Polkadot

This is another promising third-generation cryptocurrency to consider in 2021. It is very similar to Ethereum and . But unlike ethereum, rather than creating just decentralized applications, developers can create their own blockchain  using the security that Polkadot’s chain already has. As of Feb 2021, Polkadot has a market capitalization of $25.2 billion and one DOT trades for $27.95.

So what do you think about 2021. Please share your thoughts in comment section. 


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