4 Coins New Crypto Traders Should Invest In (Asides Bitcoin)
Despite the numerous questions and uncertainties being raised concerning the crypto market after the recent crash of the Godfather of cryptos, Bitcoin, and consequently the crash of many other altcoins, a lot of people are worrying about the thought of being left behind in enjoying the rewards the crypto market has to offer.
In this article, I’ll be telling you about four cryptocurrencies I feel new crypto traders should invest in. Please remember that the crypto market is relatively new and is highly volatile. In other much cooler words, do not go selling your house because some guy on the internet told you to invest in XorY coins and that you could be a millionaire in a month.
We kick off the count with one of the most famous ALT coins in the crypto market. Litecoin was originally launched in the year 2011, being among the other numerous coins that decided to follow the path already set by Bitcoin. It was created by Charlie Lee, an MIT graduate, and former Google engineer. Although most failed, Litecoin has quite been successful and has even been referred to as being the “silver to Bitcoin’s gold”. Litecoin, being originally made from a copy of Bitcoin’s source code, is a perfect clone of the Crypto Godfather. Although Litecoin is said to have a unique Litecoin mining hashing function, faster block generation time, and an Increased maximum coin supply. With the continuous increase of the number of merchants that accept Litecoin, it is currently the 21st largest cryptocurrency in the world having a 7.5 billion market capitalization making it a very good coin to invest in.
Dogecoin has seen a lot of success and has moved from just a regular meme coin to one of the biggest names in crypto, all thanks to the tweets of famous tech Billionaire, Elon Musk and he is still on it. Dogecoin was created by two software engineers, Billy Markus and Jackson Palmer, in 2013, primarily as a joke but now ranks as the tenth highest crypto with a market cap of Eighteen billion dollars and the number one meme coin in the market just above Shiba Inu. It still shows a lot of promise.
Binance coin or BNB is a utility coin used as a payment method for the fees associated with trading on the Binance Exchange. Not only does it provide discounts for people that trade with it but it also ranks as number 4 according to coinmarketcap, with a market cap value of over 60 billion.
Unsurprisingly, Ethereum(Eth) ranks as the number one coin you should buy if you are not buying Bitcoin. If you were going to buy any coin on this list, it should be this one. Not only does ETH have a market cap of nearly 300 billion dollars, but it is also second to none other than Bitcoin according to Coinmarketcap. With ETH 2.0 on the way, the future looks very bright for the number one ALT coin.