The cryptocurrency market has seen a tremendous surge in activity in 2021. With Bitcoin prices reaching all-time highs, there has been a surge in interest in alternative coins, or “altcoins”. Altcoins are cryptocurrencies that are not Bitcoin, and they can be used for a variety of purposes. In this article, we will take a look at some of the hottest altcoins of 2021 and evaluate their potential.
What is Altcoin?
Altcoins are alternative cryptocurrencies that are not Bitcoin. They are usually created with the intention of offering a different set of features than Bitcoin or other established cryptocurrencies. Altcoins can offer features such as increased transaction speeds, different privacy features, or other unique features that make them attractive to users.
Evaluating the Hottest Altcoins of 2021
As the cryptocurrency market continues to grow, new altcoins are being created every day. Here are some of the hottest coins of 2021 that have been gaining traction:
Ethereum is the second-largest cryptocurrency in terms of market capitalization. It is a platform that allows users to create and execute smart contracts. Ethereum has seen tremendous growth in 2021 and is currently trading at around $3,000.
Dogecoin is a cryptocurrency that was created as a joke but has since become one of the most popular coins in the world. It is currently trading at around $0.07 and has seen tremendous growth this year.
Cardano is a platform that focuses on providing scalability and security for smart contracts. It is currently trading at around $1.50 and has seen tremendous growth in 2021.
Binance Coin (BNB)
Binance Coin is the native token of the popular Binance cryptocurrency exchange. It is currently trading at around $400 and has seen tremendous growth this year.
Litecoin is a cryptocurrency that focuses on providing faster transaction speeds than other coins. It is currently trading at around $200 and has seen tremendous growth this year.
Altcoins are an exciting and potentially lucrative asset class. As the cryptocurrency market continues to grow, there are sure to be more hot coins that emerge in 2021. It is important to do your own research and make your own decisions when investing in any cryptocurrency.