7 of the best altcoins to buy

Bitcoin is not the only crypto out there. There are indeed a multitude of digital currencies which, like Bitcoin, represent high-potential investments. Over 8000 so far, in fact. You can get an overview for example on the official website of Bitcoin Trader, a reliable and secure online investment platform, which allows you to invest your money in crypto currencies and grow your wealth. In the jargon, cryptocurrencies that are not Bitcoin are called “altcoins”. Alternative currencies to Bitcoin, in fact. These cryptos are particularly interesting because of their potential: Bitcoin and Ethereum having already increased enormously, there is little chance that they will still do X100 or even x500, even if they will continue to increase. Altcoins, on the other hand, harbor small pearls that can really see their price explode. Here I offer you 7 interesting altcoins, which are worth buying and holding until they rise…

Monero (XMR)

One of the main goals of the Monero developers was to address Bitcoin’s privacy weaknesses. The decentralized nature of Bitcoin only makes transactions partially anonymous. The public has access to the amount of each Bitcoin transaction and a limited amount of data on the two parties involved, allowing Bitcoins to be traced and potentially blacklisted by regulators if these coins are suspected of involvement. in criminal activities. In contrast, Monero users can transact without this type of data being publicly accessible on its blockchain. Crypto users value their privacy, which is one of the reasons Monero has a market capitalization of over $4 billion.

Stellar (XLM)

Stellar is a network developed by Stellar Development Foundation in 2014 with the goal of connecting major banks, payment systems and financial institutions while facilitating large transactions instantly and at low cost. Stellar’s cryptocurrency is actually called Lumen, which trades under the symbol XLM. The price of Lumen has skyrocketed over the past five years, taking its market capitalization to over $9 billion and making it one of the top 25 most valuable cryptocurrencies. For investors, much of the value of the Stellar network may lie in facilitating lending and remittances in underbanked emerging market economies. Many investors have it in their portfolio because they strongly believe in its potential in the years to come.

Polkadot (DOT)

The Polkadot blockchain was launched in 2020 and was developed by Ethereum (ETH) co-founder Gavin Wood. Polkadot operates a mainnet blockchain where transactions are permanent. However, its uniqueness is that it also operates “parachains”, user-created blockchains that can be customized but still benefit from the same security measures as the main chain. In this sense, users can customize different parachains for different uses, but the network requires little computing resources to run the main chain.

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Year-over-year progress of Polkadot, powered by many promising projects

Dogecoin (DOGE)

If you have been following the cryptocurrency news, you are already familiar with Dogecoin. The cryptocurrency that was created in 2013 as a parody of Bitcoin has become one of the most popular and valuable digital currencies in the world, thanks in large part to its cute yet hilarious Shiba Inu mascot. Dogecoin’s meteoric rise was fueled by influential Tesla Inc. (TSLA) CEO Elon Musk, who claims to have worked with Dogecoin developers to improve the efficiency of the Dogecoin system. It is typically what is called a “shitcoin”, a crypto that is useless. But its reputation means that it has a strong potential for speculation, and buying it when its price is very low allows you to make substantial gains.

Shiba Inu (SHIB)

Like Dogecoin, Shiba Inu’s success is a testament to its brand image, including its name and logo. Investors who missed out on the big Dogecoin rally have been treated to additional Shiba Inu performance in recent weeks. Since its inception in August 2020, the price of the altcoin has increased exponentially. Investors are even aggressively asking Robinhood Markets Inc. (HOOD) to list SHIB on its platform, which could be a tremendous near-term catalyst for the altcoin.

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The course of the Shiba Inu in one year

Litecoin and Bitcoin Cash

Litecoin and Bitcoin Cash are other cryptocurrencies that may interest investors in 2022. Although making little noise, they are nevertheless widely used and enjoying a good rise. Litecoin in particular makes it possible to carry out fast and very low-cost transactions.

There are of course a lot of other interesting cryptos with great potential. At the moment the focus is also on everything related to the Metaverse (parallel / virtual worlds), with many promising projects, which will undoubtedly explode during 2022.

And you, what would be the 7 altcoins to absolutely own according to you?

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