Around 46 million Americans own Bitcoin, which is over a fifth of the adult population. Bitcoin’s all the rage, and it can be easy to follow the crowd, especially if you’re new to the scene.
But what if you want to take a less-traveled path? What if you want to be at the forefront of something that could be amazing?
In that case, you should go for altcoins. These are cryptocurrencies that are alternatives to the big fish (Bitcoin).
To get you started, here are some new altcoins that are worth your money and time!
Ethereum is a strong alternative to Bitcoin. It’s the second-most popular cryptocurrency and interestingly enough, some expect it to have an even higher price potential than Bitcoin in the future.
This is the first crypto to offer smart contracts, as well as a platform for developers to build projects on. Keep your eye out on Ethereum 2.0, which is set to happen soon.
Avalanche is definitely a cryptocurrency you should keep an eye on. It exploded in worth in 2021, and experts say it’s on track to keep skyrocketing in value in 2022.
In fact, it’s doing so well its nickname is “Ethereum killer”. While Ethereum is the first to offer smart contracts, Avalanche takes that and improves on it by offering faster transactions and much lower fees.
Shiba Inu (SHIB)
Have you heard of Dogecoin? Well, Shiba Inu is something similar. It first came about in late 2021, and within a month, its value grew by 100 times!
While Dogecoin was a joke crypto, Shiba Inu is more serious. There are tangible use cases, which make investors feel confident that this altcoin’s value will continue to soar this year.
If you’ve been paying attention to what’s trending, then you should know what NFTs are. If not, they’re non-fungible tokens that are stored on the blockchain. It’s a way to own digital items, such as pictures, music, and collectibles.
Enjin is an altcoin that focuses on NFTs. Not only can you trade them on this platform, but you can also create and store them too.
You can buy Enjin coin shares on several exchanges, including Canadian ones.
Stellar itself is a distributed payments network. People use its native crypto Stellar Lumens (XLM) to send payments to one another, in whatever currency they wish.
Not only does Stellar offer quick payments, but also, low fees. Because you can send and receive money anywhere in the world, this makes Stellar a fantastic altcoin to invest in if you’re a globetrotter.
Invest in These New Altcoins
Don’t want to invest in boring old Bitcoin? Then the above new altcoins should be a great starting point.
Whether it’s Avalanche or Enjin, putting your money in these crypto choices is sure to pay off. So start making some smart investments in altcoins!
To diversify more on your investment portfolio, keep reading our blog page for more options.