New Delhi: The world is going crazy about cryptocurrencies as since the first half of 2021 popularity of virtual coins has increased rapidly. This craze has even resulted in the rise of new and young crypto coins. Some of the interested traders have got into this crypto train while some others are still waiting on the platforms.
So if you want to invest in the crypto market then here are some coins that you must consider before they shoot up.
Before getting into the crypto arena you must need to know that there are 2 two sides to every market and this has its too. Some will suggest you buy if the price goes down and some will say that you should sell the coins to avoid the loss.
Interested people who want to invest in virtual coins must remember that the crypto market is volatile just like the stock market. So, go ahead and invest if you can take the risks.
Ethereum (ETH)
The first alternative to BTC is Ethereum. It is a decentralized platform that enables smart contracts. The aim behind ETh is to build a decentralized suite of financial products that anyone in the world can freely access.
Eth price jump has been setting the bar higher and higher as it is trying to slice the supply zone extending from $3,201 to $3,559. The coin plans to change its consensus algorithm to proof of stake which will allow the network to run itself with less energy and improved transaction speed.
$3,756 is the critical resistance level for the coin now.
Cardano (ADA)
Cardano is a research-based cryptocurrency made by engineers, mathematicians, and cryptography experts. Charles Hoskinson who is one of the five initial founding members of Ethereum cofounded this project.
ADA aims to be the world’s financial operating system similar to Ethereum as well as providing solutions for chain interoperability. As of now, Cardano has a market capitalization of $69 billion and it costs $2.07
Litecoin (LTC)
Launched in 2011, Litecoin was among the first coins to follow Bitcoin. It has also been referred to as “silver to Bitcoin’s gold.” Created by Charlie Lee, an MIT graduate and former Google engineer, the coin is based on an open-source global payment network, controlled by any central authority.
LTC is like BTC in many ways as it has a faster block generation rate providing faster transaction confirmation time. As of now, LTC has a market capitalization of $12.1 billion and tokes in now worth $180 taking it to the top 5 crypto in the world.