While the mainstream cryptocurrency markets are consolidating after the drastic fall, the action has shifted to Altcoins. There are many relatively unknown cryptocurrencies and Altcoins which are surging significantly. Bitcoin (BTC) is the primary cryptocurrency. The other cryptocurrencies are known as Altcoins.
We will today highlight best Altcoins which you should keep on your radar. Only after proper research, you should take action on this list. While many of them might be the best Altcoins to invest in but it is imperative that you conduct your research in addition to the information which we will share with you below.
Let us first start with the list of best Altcoins!
1. Ripple (XRP):
Ripple (XRP) is undoubtedly the most fundamentally strong Altcoin on this list. That is why; it is at the number 1 spot on our list of best Altcoins to buy now. After the recent correction, it has fallen from $ 3.52 all the way to below $ .50. Thus, it is available at attractive valuations as well.
Before you make your investment decision, it is essential to know more about the fundamentals of Ripple (XRP). The ripple blockchain is known as RippleNet. Ripple Labs has developed many products like xCurrent, xVia, xRapid to utilize this blockchain. These products help banks as well as financial institutions to initiate instantaneous real-time cross-border remittances. These concluded in real time. Ripple (XRP) is regularly pitching these products to banks and financial institutions. There is a significant amount of traction for the RippleNet products.
The fees incurred while using the Ripple (XRP) blockchain is much lower as compared to conventional transfer methods. When you transfer around $ 1000, the transaction fee is less than $ 1. Thus, it is not only fast but also cost-effective.
XRP token is the token used on the ripple blockchain. Ripple (XRP) however also provides the options to banks and financial institutions to use Fiat currency on its blockchain. Thus, Ripple (XRP) has strong fundamentals, but the freedom to choose the fiat currency is what has hampered the growth of Ripple (XRP) till now. However, it is actively trying to make the usage of XRP token more lucrative for the blockchain users through its xCurrent protocol.
Why is it on this list?
• Ability to send the cross-border remittances in real-time
• Efficient blockchain
• Low Fees
• Increase the traction by banks and financial institutions
• Multiple blockchain products
Crypto exchanges on which you can buy: Kraken, Bitstamp, Coins.ph, Huobi, Bithumb
2. Ethereum (ETH):
Ethereum (ETH) is the classic volatility case in cryptocurrencies. It articulates precisely how fortunes of a cryptocurrency can change. The potential of the Ethereum (ETH) blockchain is pretty high. It offers a versatile blockchain using which you can create different applications. The blockchain has various uses like:
• Smart contracts
• Transacting
• Decentralized applications
• Launching ICOs
Owing to the versatility of the blockchain, Ethereum (ETH) rose to $ 1200. However, since then it has been consistently falling and made a low of $ 85 just a month back. Currently, it is trading around $ 125. Since it has corrected by over 90%, it might be worth looking at.
The problem with Ethereum (ETH) was that the ICO industry came under a lot of criticism. Regulatory authorities all over the world have started reviewing every ICO with the Hawkeye. Thus, the number of ICOs reduced considerably. The cryptocurrency market rout is also the cause for the decreasing number of ICOs. The market rout almost evaporated the ICO industry. One of the applications of Ethereum (ETH) blockchain completely vanished.
However, a single application vanish does not warrant a 90% fall. Precisely due to this argument, Ethereum (ETH) is worth taking a look. The other uses of the blockchain are still intact. You should keep it on your radar. At the right place, it will be on the list of best Altcoins to buy now.
Why is it on this list?
• Can be used for smart contracts
• Can be used for launching ICOs
• Can be used for decentralized applications
• Has fallen by around 90%
Crypto exchanges on which you can buy: Kraken, Coinbase, Gemini, CEX.io
3. EOS:
EOS is just 1 ½ years old. EOS first came into existence in June 2017. In January 2018, it reached a high of $ 18. It is currently the 5th the most valued cryptocurrency. EOS directly competes with Ethereum (ETH). It eliminates some of the shortcomings of Ethereum (ETH).
EOS offers database and account management services to the developers. As a result, it is effortless for developers to create smart contracts. Even the developers with limited knowledge of programming can create smart contracts on EOS blockchain easily.
EOS scores over Ethereum (ETH) in other respects as well. It is more scalable as compared to ETH. It is also faster. Thus, it eliminates both of the weak points of Ethereum (ETH). When it comes to community, it might not be as large as Ethereum (ETH), but it is sizeable. EOS does not work on mining basis. The EOS community including the holders of EOS selects the block producers. Because it eliminates some of the shortcomings of Ethereum (ETH), it is an excellent option to keep on your radar.
Why is it on this list?
• Faster
• Large community
• Database and accounting management services provided
• Allows smart contracts
• Reasonable scalability
• No mining
Crypto exchanges on which you can buy: Kucoin, Binance, Kraken
4. Cardano (ADA):
Cardano (ADA) supports the smart contracts along with the decentralized applications. It also has a layered architecture which enhances the security of the entire blockchain. The blockchain uses some networks which ensure that utilization of bandwidth this minimized.
Cardano (ADA) supports ICOs as well. The blockchain of Cardano (ADA) can be used to launch ICOs quite easily. The views of the experts, as well as scientists, are giving a new shape to Cardano (ADA). Charles Hoskinson previously worked with Ethereum. He has co-founded Cardano (ADA). Thus, when it comes to the development team, you can be sure that it has a solid technical background.
Daedalus wallet is a multi-platform wallet launched by the Cardano (ADA) team. It can not only hold the Cardano (ADA) but various other cryptocurrencies as well. This wallet is the reason why it adds such a significant amount of value to the entire Cardano (ADA) blockchain. With consistent security and blockchain updates, the Cardano (ADA) network is becoming stronger. These factors are the reason why you should keep this cryptocurrency on your radar. It is one of the best Altcoins to invest in.
Why is it on this list?
• The development team has a solid technical background
• Can support ICOs
• Can support smart contracts
• Can support decentralized applications
• Requires less bandwidth
• Offers a multi-platform wallet
Crypto exchanges on which you can buy: Coinmama
5. Stellar Lumens (XLM):
Stellar lumens (XLM) in essence is similar to the Ripple (XRP). The goal of Stellar Lumens (XLM) team is to enable faster transactions over the blockchain. However, the path which Stellar lumens (XLM) initially took was different than Ripple (XRP). It decided to focus on the retail users rather than the institutional users. However, that has changed.
IBM has stated that it will be designing its platform for remittances around the blockchain of Stellar lumens (XLM). Once this platform unveils, the usage of Stellar lumens (XLM) will increase significantly. As a result, the price of Stellar lumens (XLM) will dramatically increase as well.
Similar to the Ripple (XRP), the fees which are charged by Stellar lumens (XLM) are on the lower side. Most of the transactions complete within 5 seconds. As a result, it is not only fast, but it is affordable as well. The only bit of a problem is that Stellar lumens (XLM) has recently started competing with Ripple (XRP) head on.
The partnership with IBM is just one of its collaborations. Over a while, it has formed partnerships with many other companies as well. While the tie-ups might not be as many as Ripple (XRP) but it is certainly gaining more and more traction. The IBM platform alone has the power to propel it to newer heights. Thus, it is not the only Altcoin which you should ignore.
Why is it on this list?
• Affordable cross-border remittances
• Partnership with IBM
• Increased institutional participation
• Low Fees
• Transactions completed within 5 seconds
Crypto exchanges on which you can buy: Binance, Kucoin
6. Zcash (ZEC):
Zcash (ZEC) is one of the very few cryptocurrencies which can be used in darknet as well as by mainstream users. It offers private addresses as well as public addresses. Thus, it is highly versatile. The transactions on Zcash (ZEC) blockchain are pretty safe. Most of the transactions conclude within 2 ½ minutes. Zcash (ZEC) also provides cross chain transaction ability. As a result, you can exchange other cryptocurrencies using Zcash (ZEC) blockchain.
The recent unveiling of the zk-SNARK protocol has made anonymous transactions possible. The main advantage of Zcash (ZEC) is that it will not get in trouble with the authorities. Zcash (ZEC) provides transparent addresses as well. It can be used for legit usage without any problem at all. Over a period, Zcash (ZEC) has experienced many fundamental developments as well. These developments have ensured that the memory consumption by Zcash (ZEC) to conduct the transactions has reduced drastically.
Recently, in December itself, it has been listed on Coinbase as well. The Coinbase listing adds to the credibility of Zcash (ZEC). Over a while, it will increase the daily volumes in Zcash (ZEC). Thus, with the recent Coinbase listing and consistent fundamental developments, Zcash (ZEC) is not the Altcoin which you should ignore. If you’re compiling a list of best Altcoins, it should be on that list.
Why is it on this list?
• Recent Coinbase listing
• Offers private addresses and public addresses
• Used on darknet
• Has not got into any trouble with the authorities
• Consistent fundamental developments
Crypto exchanges on which you can buy: Coinbase, Binance
7. Tron (TRX):
Tron (TRX) is trying to create the decentralized Internet. It is not just looking to build a decentralized blockchain but an entire ecosystem including the Internet. To take this plan a step further, it acquired bit torrent. Bit torrent is peer-to-peer downloading software. With the help of various decentralized components, it is tempting to create a proper ecosystem rather than a single decentralized Avenue.
Tron (TRX) has already launched its mainnet. The blockchain network is running in a smooth fashion after this launch. It has come into the limelight since the launch of Mainnet. The launch of mainnet speaks volumes regarding the quality of the blockchain of Tron (TRX). One of the things which are working for Tron (TRX) is the founder.
Justin Sun is the founder of Tron. He recently gave a statement inviting decentralized application developers from Ethereum (ETH) and EOS to Tron. It seems like his call is finally getting results for Tron (TRX). In 2018, Tron (TRX) launched its Mainnet. In the same year by December, the total number of users on the blockchain of Tron (TRX) had crossed the 1 million. It seems like developers are finally migrating from Ethereum (ETH) and EOS. Both of these blockchains have some problems when it comes to scalability and decentralized applications. On the other hand, according to Justin Sun, the blockchain offered by Tron (TRX) is much more scalable and seamless in operation.
Justin Sun has also mentioned in the past that he will create a fund to help the developers migrate from the EOS and Ethereum (ETH) to Tron (TRX). With this incentive, the developers will be more eager to shift to Tron (TRX). Thus, right now many positives are going on for Tron (TRX).
Why is it on this list?
• The vision for decentralized Internet
• Active founder
• Acquisition of bit torrent
• Over 1 million users of the blockchain
• Offers better blockchain then Ethereum (ETH) and EOS
Crypto exchanges on which you can buy: Binance, Bittrex, Kucoin
8. Monero (XMR):
When it comes to privacy, Monero (XMR) is one of the best cryptocurrencies to hold. As a result, the use of Monero (XMR) is increasing in the deep Web. While the usage might improve but it is causing problems for Monero (XMR) as well. One of the main reasons why Coinbase is not listing Monero (XMR) is because it provides anonymous transactions.
The design of Monero (XMR) blockchain is such that it is virtually impossible to detect traces of any transactions. It involves Ring Signature mechanism. There are private addresses created on the blockchain. As a result, deciphering the actual addresses is not possible.
Monero (XMR) works on proof of work mechanism. It is similar to Bitcoin (BTC) in this regard.
Monero (XMR) has a large developer community behind it. The community believes in decentralization and privacy. The size of the community behind Monero (XMR) is consistently increasing. One thing which you cannot take away from it is that it is one of the very few cryptocurrencies which provides complete privacy and anonymity. As a result, over a long period, the potential in Monero (XMR) is enormous.
Why is it on this list?
• Complete decentralization
• Complete anonymity
• Actual use
• Private addresses incorporated into the blockchain
• Proof of work algorithm
• Large community
Crypto exchanges on which you can buy: Binance, Huobi, Bitfinex9. Litecoin (LTC):
2012 saw the launch of Litecoin(LTC). The founder of Litecoin, Charlie Lee is a well-known figure in the cryptocurrency industry. His views are well-respected. At the peak, the market cap of Litecoin (LTC) was around $ 15 billion. However, ever since then it has fallen significantly.
From a price of around $ 300, it is fallen all the way up to $ 25. It has recovered since then, but it is still significantly lower from the peak.
Litecoin (LTC) is considered to be alternative to Bitcoin (BTC). The supply of Litecoin is 84 million. The supply of Bitcoin is 21 million. Moreover, mining Litecoin is much faster. A single block takes up to 2.5 minutes. When you compare it with Bitcoin (BTC), it takes approximately four times longer.
Litecoin (LTC) is also listed on Coinbase. With the proactive founder like Charlie Lee, you can be sure that the fundamentals of Litecoin (LTC) will keep on improving. Keeping Litecoin on your radar is prudent. Since it has fallen so much, it might be one of the best Altcoins to buy now. You have to be however mindful of the volatility which you can face during the interim period. Only when you’re willing to hold through that volatility, you can think about Litecoin (LTC). If you cannot stomach the volatility, it will be a good idea to avoid Litecoin (LTC).
Why is it on this list?
• Faster to mine block
• Bitcoin (BTC) alternative
• Proactive developer
• Long history
• Drastic fall from the peak
Crypto exchanges on which you can buy: Coinbase, Binance, Kraken
9. Binance Coin (BNB):
Binance coin (BNB) is comparatively lesser known. The reason why we have included it on this list is that the value of the cryptocurrency exchange backs it. The Binance cryptocurrency exchange is growing at a faster pace. As the volumes on Binance increases, the Binance coin (BNB) will increase as well. It has kept itself aloof from the carnage of past one year. It has grown by more than 50% during this carnage.
The reason for the growth in spite of the drastic fall in the cryptocurrency market has been its relationship with the fortunes of the cryptocurrency exchange. Binance is one of the biggest cryptocurrency exchanges currently. It is a well-known brand and has created a reputation for itself. Thus, the volumes are increasing in Binance.
Moreover, cryptocurrencies bounce back is expected in the coming year. The downturn in cryptocurrencies will halt. If that happens, the volumes on Binance exchange can increase even further. The increasing volumes will be beneficial for Binance coin (BNB).
With increasing volumes, the earnings of Binance are also increasing. As a result, the value of Binance coin (BNB) is consistently going up as well. In the coming year as well, it is expected that Binance exchange will grow continuously. That is why you should keep Binance coin (BNB) on your list of best altcoins to buy now.
Why is it on this list?
• Backed by Binance cryptocurrency exchange
• Insulated itself from the cryptocurrency carnage
• Holds a lot of potential
• Binance exchange is consistently growing
Crypto exchanges on which you can buy: Binance, Etoro, Gate.io
Verdict:
So, if you’re looking for the best Altcoins to invest in, these are the 10 best Altcoins which you should keep a watch on. You have to conduct your due diligence as well before making any investment decision. Nevertheless, these Altcoins hold a lot of potential. You need to understand that, at the same time cryptocurrencies are a volatile asset class. Unless and until you do not stomach that volatility, you should stay away from them.
Cryptocurrencies are an asset class which you cannot miss. At the same point in time, you need to have a balanced approach while investing in any of the cryptocurrencies which we mentioned above. With the rigid due diligence and money management, you can reap rich dividends by selecting the best altcoins.
Disclaimer:
The list above should be used only for educational purposes. You should research the cryptocurrencies yourself or contact a financial advisor before making any investment decision.
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