If you are thinking of investing in cryptocurrencies, you may be interested in knowing some alternatives to Bitcoin or Ethereum. These are the brighter future.
Bitcoin has revolutionized the way of investing. This year it began to become popular among the masses due to its enormous volatility: from reaching the highest historical value to falling steeply. Photo: Pixabay
LatinAmerican Post | Ariel Cipolla
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Bitcoin has revolutionized the way of investing. This year it began to become popular among the masses due to its enormous volatility: from reaching the highest historical value to falling steeply. The truth is that all market movement is enthusiastic: if it rises, it will mean greater purchasing power. If it goes down, it may be the perfect opportunity to buy more.
In this sense, more and more people decide to invest in Bitcoin, which is the “cryptocurrency par excellence”. Immediately afterward, Ethereum appears as a fairly established option, but they are not the only ones, since there are countless cryptocurrencies that are constantly emerging.
In order not to be encapsulated in a single investment, it is important to diversify into other options. However, that's not all: it can also be good to bet on other cryptocurrencies with a great future, which can become the "future Bitcoin" that starts at low values and ends up being worth thousands of dollars. Let's meet the best.
Cardano is one of the cryptocurrencies with the most future. It is the fourth with the largest market capitalization, which also went from having a volume of 600 million dollars to 10 billion in a very short time. For example, since February it has had a rise of 200%, with a value that fluctuates around 1.42 dollars, approximately.
This cryptocurrency was created by mathematician Charles Hokinson, one of the co-founders of Ethereum. It is a chain of code blocks that is perfect for executing smart contracts, with sufficient potential to solve problems in the Ethereum network, although with special security features.
Launched in 2017, it also has a differential aspect in contrast to Bitcoin: the commitment to the environment. Bitcoin was heavily criticized by Elon Musk for the energy it takes to mine it, but Cardano's share protocol, known as Ouroboros, involves very low energy expenditure.
Created in July 2014 under the name of Realcoin by Stanley Hainsworth, Vice President of Starbucks, it is one of the cryptocurrencies with the greatest future. It is, perhaps, the most paradigmatic of the stable coin segment, which is one of the possible variations within crypto.
Basically, it was created with the aim of building a kind of link between fiat currencies and cryptocurrencies. While we have recently seen the president of El Salvador announced that Bitcoin will be a legal tender, this does not happen everywhere on the planet.
Hence, Tether tries to maintain a 1-to-1 relationship to the US dollar in terms of value. In other words, it is completely accessible for those who want to enter the world of cryptocurrencies without too much risk, as it is not completely decentralized and facilitates the transition between "real money" and crypto.
One of the first, launched in 2011. Created by a former Google employee, Charlie Lee, appears as an alternative to Bitcoin, although optimized. Basically, the idea is to generate certain benefits for the users who buy it, such as lower transaction costs per operation. In addition, the speed of the transaction is much higher.
The idea is that it is a digital currency that serves to pay for products and services, although with the main difference to Bitcoin: it has an upper limit. Currently, there are 60 million units in circulation, while there are less than 20 million Bitcoins. This makes it more attractive for day-to-day transactions.
Lastly, Pi Network. Currently, in BETA status, it is a "cryptocurrency in progress", which allows all users to mine units through an application. On a daily basis, those who join the application will be able to mine Pi with the touch of a button, an action that they will have to repeat daily.
¡Pi tiene +18 Millones de Pioneros! Mina a un ritmo mayor mientras puedas. La tasa de minería puede reducirse a la mitad o caer a cero con la llegada de la Mainnet o cuando Pi alcance los 100 Millones de Pioneros. ¡No pierdas esta oportunidad! #pinetwork #minepi #defi #cripto pic.twitter.com/SRyjcELoMP— Pi Network en Español (@PiNetworkES) May 29, 2021
In addition, they will be able to generate invitations to other members to work as a team and earn more money together. Launched in 2019, it plans to go on the market at the end of this year, so it could mean a new way for users to mine a cryptocurrency at the touch of a button per day.
If you bet on any of them, it could become the next Bitcoin and you would get great value.