Just like the stock market, the cryptocurrency market is equally risky and lucrative. For this reason, it is necessary to carefully examine the projects before investing. Investors, on the other hand, are particularly interested in certain altcoin projects. Here are the 8 favorite altcoins of investors, according to experts.
The top two altcoins on the list: Ethereum (ETH) and Polygon (MATIC)
Ethereum is the largest altcoin project by market cap. Ethereum has seen a massive increase in its value over time. It has increased by about 800% in the last year. The role this cryptocurrency plays in expanding decentralized finance (DeFi) is crucial.
Polygon is an interoperability and scaling platform that acts as a framework for building interconnected blockchain networks. Polygon aims to overcome some of Ethereum’s major shortcomings, such as throughput, delayed transactions, and lack of community control. Therefore, it attracts attention. Also, experts think that the price of Polygon is very cheap yet.
Dogecoin (DOGE) and Binance Coin (BNB)
Launched in 2013, Dogecoin originated as a joke coin. No one could have predicted that this meme coin would get so much attention and be among the top cryptos. Dogecoin enters the list of most affordable cryptocurrencies to buy in 2021. In addition to this, Dogecoin is also one of the cryptocurrencies that many analysts see as a viable investment option.
Binance coin, on the other hand, attracts attention thanks to the Binance exchange, where it is used to trade and pay fees. Binance Exchange holds the record for being the world’s largest cryptocurrency exchange, with over 1.4 million transactions per second as of April 2021. Since BNB has the potential to create a new and unique development in the coming days, it may make sense to invest in this altcoin, according to experts.
These altcoin projects are also on the list: Polkadot (DOT) and Cardano (ADA)
According to analysts, Polkadot is one of the altcoins that investors looking for good returns should look into. The ability to seamlessly connect all heterogeneous blockchain networks is the reason why there are hundreds of projects built on the Polkadot ecosystem.
Cardano is an altcoin project that has seen impressive growth in value over a period of time. The fact that Cardano reduces transaction time and energy consumption makes it the center of attention.
Solana (SOL) and Tether (USDT)
Working with a mix of Pos and PoH mechanisms, Solana has generated huge returns for investors. The Solana ecosystem is very important for decentralized finance (DeFi), decentralized applications (DApps) or smart contracts. Therefore, SOL continues to attract investors.
There is also a stablecoin on the list. Stablecoin Tether is the first choice of investors who are not willing to take too much risk. It is also the largest stablecoin project at the moment. Undoubtedly, many cryptocurrency investors tend to invest in it.