In the first week of 2021, Bitcoin reached an all-time high price of $40,000, which is a clear indication that cryptocurrency is the future. At this moment, everyone is trying to get a piece of bitcoin as experts are saying that the coin is expected to go as far as $100,000 in the near future. However, bitcoin is already quite expensive, and even though you don’t have to buy the whole coin, you will still be putting a lot of your money at risk. If you are a beginner and want to get in the game with minimum investment, it is wise to invest in alternative coins expected to blow up in the coming few years. Everyone is so focused on bitcoin that they are completely ignoring other coins that have shown some excellent progress in a similar time span. In this article, I have mentioned a few bitcoin alternatives with great potential in which beginners should invest today. Let’s take a look:
Ethereum is the second most valuable cryptocurrency at the moment and is an excellent investment for beginners. In the past 12 months, Ethereum has almost doubled its price and is currently valued at $1428. The coin is expected to go past $2000 in the coming few months, which means if you buy one coin, you have a chance of doubling your earnings. Ethereum is among the few cryptocurrencies that only have a small chance of failing. The cryptocurrency has a much better-decentralized network, which is turning a lot of heads lately. Also, Ethereum is backed by some well-known fortune 500 companies, and not just that, it is also accepted by the Bank of America, which is something even bitcoin failed to achieve. If you want to invest in Ethereum, you can visit Crypto Exchange for the latest updates on cryptocurrency.
One of the most underrated cryptocurrencies in the market right now is Cardona ADA. This cryptocurrency is valued at a mere 30 cent currently, but it is expected to go high in the coming years. It is a major competitor for Ethereum and is expected to hit $10, which is a huge leap from 30c. Cardona ADA’s present market cap is $10 billion dollars currently, which is not big, but it is expected to rise soon. The blockchain Cardona ADA offers is very high in quality, and a lot of people who are invested in Ethereum might end up switching to Cardona ADA in the long term. If you have some long term plans, Cardona ADA is an excellent investment.
Another cryptocurrency that is showing some great promise is Litecoin. The currency is currently valued at $145 and has gone up very quickly in the past three months. It is one of the largest cryptocurrencies in the market and is generally considered the silver of the cryptocurrency. The currency is very fast and can be mined within two minutes. You lose a lot less money than bitcoin whenever you transfer.