The Best Altcoins?



According to many cryptographers and experts, the best altcoins available today are the ones that will have the greatest real world useage in the future. Do you know which coins have the most staying power? Let us find out.

Best Altcoins For 2021

In this article, we will explore some of the best altcoins that are currently available in the market. It’s no secret that one Dollar invested in Bitcoin during the last decade would have made you a millionaire. What altcoin(s) has/have the potential to make you a millionaire in the current decade?

We will look at their performances as of late, as well as their market capitalization. This will help you determine which among these alternative crypto currencies is worth investing in. In addition, we will discuss why you should avoid investing money in some of these lesser knowns.

Best Altcoins To Buy

Many of the most promising altcoins were released through ICOs several years ago. However, even though they may be several years old, they can still be purchased for mere pennies each due to the fact that they haven’t yet received widespread adoption from the general public. It is only a matter of time until they do. This makes these coins and tokens an excellent buy for long term investment. Any one of these coins could help you become a millionaire.

Best Altcoins To Invest In 2021

When it comes to investing in altcoins, it is important to understand that although they have similar traits, each one is different.

If you want an excellent example of a great altcoin, then consider the altcoin research provided by the Reset Scout. The World Economic Forum is promoting a complete reset of the global financial system, and the new system will be based entirely on blockchain. Altcoins will play a central role.

Leading the pack as the most technologically advanced altcoin proponent, the WEF platform was developed by 21st century financial industry experts. With the help of this platform, there will be no more need for traditional finance. The future of finance, banking, commerce and payments will be in self-administered smart contracts.

One of the main reasons that tokens are attractive to investors is because they offer a lower risk factor. This is especially true for investors that may not be comfortable investing large sums of money. In addition to being able to purchase larger amounts of coins at one time, there is also the freedom that comes from using the internet to buy, sell, and trade these tokens.

Best Altcoins For Investment

A few of the most innovative and advanced altcoins on the market today are the future global players of tomorrow. Although many of these cryptocurrency projects have quite different visions for their future, all are working hard to attract and retain the confidence of investors. Their goal is to create a system that offers a completely secure and reliable method of transacting funds, while providing an unparalleled level of flexibility.

The future projects for the altcoins listed above are equally impressive. While none of these organizations has an exclusive roadmap or certain plans for the future, it is safe to say that all of them share some common goals. They are all trying to build systems that provide a higher level of security and an environment where it is easier than ever for investors, businesses and consumers to interact with one another and form profitable alliances. As the world moves forward and more businesses adopt the new proof of work protocols that are used in these altcoins, this type of system will become increasingly important.

Best Small Cap Altcoins

The cryptocurrency market is relatively small when it comes to the legacy FinTech industries, or for that matter, the commodities market. Nevertheless, there are a plethora of decentralized projects in the market which aim to provide solutions for various different applications.

Currently, there are 8,070 cryptocurrencies listed on CoinMarketCap. However, only about 319 of those have a market capitalization of more than $30 million, i.e. only about 3.8% of the total number.

The top 20 cryptocurrencies accounts for around 92% of the total value of the crypto markets; Bitcoin, Ethereum and XRP dominance alone adds up to 80.1%.

Therefore, there are limited amounts of large-cap projects in the market. The number of mid-cap projects are limited as well, meaning that the majority of altcoins are small caps. Like the success rate of most start-ups, these projects come with huge risk for investors. Nevertheless, diligent research and careful risk management with select few altcoins can reap amazing benefits. The best small cap altcoin research can be found here.

Best Way To Buy Altcoins

The best method and place to buy altcoins depends on what you are looking for. Are you going to purchase a lot of altcoins to invest or do you want to buy altcoins with a credit card and then trade?

No matter what style of investing or trading you prefer, our favorite altcoin platform has what you’re looking for.

We’ve examined the most important features of each platform such as:

  • Supported Altcoins
  • Deposit Methods
  • Trading Fees
  • Leverage

Some are specialized in trading and others only have massive lists of coins where you will find any coin you are looking for. All things considered, our top pick for the best cryptocurrency exchange for altcoins is Bittrex.

Best Altcoin Card

Hands down, our pick for the best altcoin card is the SpectroCoin prepaid card, available for customers in almost 200 countries. Besides its prepaid card, SpectroCoin also offer a variety of other services, including an online wallet and exchange platform.

SpectroCoin offers two card types: virtual cards charged at $9 each, and plastic cards at $50 each. Beyond the initial purchase cost, both virtual and plastic cards incur a $1 monthly fee.

SpectroCoin prepaid cards are funded using multiple altcoins, which are automatically converted to fiat currencies when paying in-store or online. This process is automated if your funds are stored in your SpectroCoin web wallet, but must be set up first.

In terms of usage fees, SpectroCoin prepaid cards are not the cheapest on the market, charging a 1% fee to load the wallet using cryptocurrencies, while also levying a 3% fee for any currency exchanges performed.

When it comes to account limits, SpectroCoin separates its cards into two tiers: standard and VIP. Standard accounts can deposit up to $250 per day, and have a maximum balance of $2,500, whereas the deposit limit and maximum balance of Premium accounts is set at $5,000.

The SpectroCoin prepaid debit cards stand apart from other similar offerings thanks to their extremely high ATM withdrawal limits, allowing customers to withdraw up to $1,500 per day — more than most standard bank cards.

Overall, the SpectroCoin prepaid cards are best suited to altcoin users and investors looking for convenience and high transfer limits, albeit at the cost of general functionality.

Best Altcoins To Invest In Today

Although the 2018 bear market discouraged many investors from entering the crypto space, the current bull run is proving that altcoins still hav plenty of value and potential to offer those who seek outsized profits.

If you persevered through the crypto winter and weren’t persuaded by the fickle bandwagon investors who sold off their crypto assets fearing the worst, you are in a good position to start investing in small cap altcoins again. With history typically repeating itself based upon the 4 year cycle, there’s a very good chance that we’ll see another altcoin explosion similar to what we experienced in 2017.

Sure, investing in small cap altcoins is a risky endeavor (if you don’t conduct your due diligence, you stand the risk of losing your investment), but taking a calculated risk can result in a huge payday.

If you look back at the early days of the internet, no one would have thought that companies like Google and Amazon would grow to become the largest tech companies to date.

Such is the case with certain small cap cryptocurrencies (on a much smaller scale that is) that have the potential for 100x, 500x, or even 5,000x growth in value within the next year. Most of these cryptocurrencies have innovative applications looking to solve real world problems. You can read a detailed analysis at Reset Scout, including a list of 3 altcoins that have the potential to do 5,000x in the next year.

Best Cheap Altcoins

If you’re a serious altcoin investor, you’re probably enjoying the bull run we’ve been experiencing so far this year. You may even consider adding more altcoins to your investment portfolio. Chances are you may have heard of lesser known low market cap coins (aka – micro cap coins) a few of which have generated over 100% gains overnight and may be considering investing into one or two of these coins in the foreseeable future.

There’s no doubt that these micro cap coins have been known to generate massive profits in mere hours. However, you may not be aware of the flip side to these coins. There are countless stories of traders who didn’t do their due diligence and lost a good portion of their capital after investing in a shitcoin.

This may leave you with a dilemma; where you’re considering which micro cap coin is likely to achieve this “so-called” exponential growth and which ones will fade off into the crypto abyss after the hype has faded.

When looking into a solid micro cap coin investment, your first step should be to study the use cases of the cryptocurrency as in most cases, shitcoins have no real world applications.

Also, only invest in cryptocurrencies that either have a product in development as there are many companies out there making empty promises with no product to show for it.

Best Wallet For Altcoins

At the beginning of the crypto era, Bitcoin stood as the only functional digital assets with blockchain as its underlying technology. In time, we slowly witnessed the rise of a new breed of cryptocurrencies that, to a certain degree, tweaked the bitcoin protocol to create new functionalities and features. These cryptocurrencies are what is widely known as altcoin (coined from the fact that they are alternatives to Bitcoin). All the cryptocurrencies active in the crypto market, and not named bitcoin, fall under this category.

While many of these coins have customized wallets, it is, however, difficult for crypto participants, with extensively diversified holdings, to keep track of such an array of wallets. Hence, the need for a single wallet that can support multiple altcoins. This is where altcoin wallets enter the fray. This tool has multicurrency adaptive features that enable security and transaction services to altcoin’s holders.

How safe are altcoin wallets?

Details regarding the security protocols and features are the most important piece of information in each wallet review. Since your altcoin wallet is primarily a security tool, it is only fair that it delivers standard security features. If this is not the case, then we advise that you look for alternatives. It is this assertion that motivated our relentless search for altcoin wallets that boast sophisticated security protocols. For one, two-factor authentication processes are a must for wallets. Even, some wallets have included biometrics to their validation process to ensure that users’ holdings are safe. Be certain that the private keys are NEVER in the custody of the wallet provider, ONLY in the custody of the wallet owner. We have also considered the type of encryption each altcoin wallet is utilizing. All in all, we have examined a variety of security requirements for this review, and we advise that you do the same. Our fist pick for the best altcoin wallet is Exodus.

Best Long Term Altcoins

“What are the best altcoins for long term investment?”

This is a question we hear too often.

Unsurprisingly, too, as the cryptocurrency market has become infested with investors looking to become Bitcoin millionaires.

There is certainly a group of people investing in extremely speculative altcoins in the hopes of making quick gains, while there is another group of people wondering what are some of the safer, more long-term investments in the altcoin space.

Ethereum is the most major altcoin with the first-mover advantage.

Except rather than being used as a store of value, or for swift transactions, Ethereum is used as a platform token.

This means that the Ethereum blockchain is what other cryptocurrencies are built on top of.

And just like Bitcoin, the more people that use Ethereum, the stronger it becomes.

In Ethereum’s case, this equates to the number of DApps that are built on top of it.

With over 500 ERC20 tokens in a market with just over 2000 cryptocurrencies, Ethereum holds about a quarter of the market in this regard.

This makes Ethereum a great (and our top) altcoin for a long-term investment.

Conclusion

It is for these reasons that it would be wise to remain vigilant and take advantage of any opportunity to invest in the best altcoins that presents itself. By doing this, you can make a profit when the price of an altcoin soars and its value continues to increase in relation to other fading national currencies.