The crypto industry has undergone significant changes in recent decades. This industry attracts new investors every year. There are new strategies that allow you to earn a good profit in one day. For trading, you will need cryptocurrency exchange script, where actual pairs for sale are placed. Traders conduct analysis and make contacts. Such agreements allow you to make money on the exchange rate difference.
Bitcoin was the first coin that the world saw and that demonstrated a remarkable growth in a short-term period. The first investors who made a bet on virtual money became the owners of significant fortunes. But the era of Bitcoin is coming to an end, although it still manages to keep it afloat. Now there are new currencies that have won a place on the market and continue their development. If earning is a priority, then you should pay attention to new altcoins, which are no worse than Bitcoin. Below in the article, we will analyze the altcoins that are popular on white label trading platform.
What are Altcoins?
Altcoins are not old coins, but alternative digital coins. The comparison is with Bitcoin. Blockchain-based altcoins have a basic structure similar to Bitcoin. Many altcoins also rely on a proof-of-work algorithm. There are differences primarily in components such as block size, transaction speed, and transaction fees. Altcoins like Litecoin were originally just meant to make transactions faster and cheaper. However, many altcoins now see themselves as a decentralized platform whose goals go far beyond a simple digital means of payment. Alternative coins allow investors to make profits. But altcoins should be distinguished:
- The largest group of altcoins are smart contract platforms. These include projects such as Ethereum, Cardano (ADA) or Polkadot (DOT). The purpose of these platforms is to provide a network for decentralized applications.
- Smart contract platforms have also made DeFi protocols important in the cryptocurrency sector. These are financial platforms that, for example, issue loans without an intermediary.
- NFT coins. These are altcoins that you can use to pay on NFT platforms or in computer games. These altcoins are usually created on the blockchain of a smart contract platform.
Alternative currencies open up new opportunities for cryptocurrency trading. Investors can use the coins not only to accumulate wealth, but also to pay online.
Which cryptocurrencies should be considered for investment
As mentioned earlier, one of the popular coins was Bitcoin. At the beginning of its existence, few investors preferred it. But with the development of stock exchanges, Bitcoin has increased in value and helped many make great fortunes. Today, many alternative coins have appeared on the market that can give you income for the further launch of your online store or other business. Let’s consider the most popular of them.
Ethereum
Ethereum is the second largest cryptocurrency by market capitalization. However, the cost of one coin, i.e. Ether, is much lower than that of Bitcoin. The two cryptocurrencies are similar in many ways: both are digital and decentralized, but unlike Bitcoin, there is no fixed upper limit for Ethereum. There is a lot of talk about this cryptocurrency in the media and social networks.
Most predictions for Bitcoin suggest a 2-3x increase to $120,000-$180,000, while possible prices of $12,000-$20,000 are thrown into the ring for Ethereum. Based on current prices, this would correspond to an increase of 400 to 650 percent, roughly double that of Bitcoin.
Therefore, Ethereum can be found very often on the market. Crypto exchange software allows you to make a profit on exchange rate differences. Traders can choose one of the effective strategies to achieve certain results.
Ripple
Ripple is a payment network based on a protocol that enables real-time money transfers. For this reason, Ripple is especially interesting to banks for earning money as lenders. The underlying token is called XRP. Ripple’s structure theoretically enables 50,000 transactions per second. For comparison, credit card provider VISA says 24,000 transactions per second are possible. Banks, in particular, find the idea interesting, as international payments are time- and cost-intensive. If there was a global standardization of the Ripple protocol, payment transactions could be greatly accelerated and fees could be saved.
This altcoin is quite interesting not only for investors, but also for government agencies. If you use it for bank transactions, it is possible to ensure the anonymity and speed of each payment.
ORDI
The ORDI token is a special type of digital money that closely interacts with Bitcoin. Unlike other digital currencies that operate in their own, separate systems, ORDI uses a system called Ordinals. Unlike traditional tokens that exist on separate blockchain platforms, ORDI tokens use the unique capabilities of the Bitcoin Ordinals protocol to record digital assets directly into individual satoshis, the smallest units of Bitcoin. Since ORDI is tied to Bitcoin, the value of ORDI can also be affected by major changes in Bitcoin, such as a halving.
One ORDI token currently costs $44.01. Experts confirm that due to the future halving of Bitcoin in 2024, the price of ORDI will increase. That is, this altcoin has quite good prospects for investors. But you need to conduct a thorough analysis that will help you choose the right strategy and time to sell.
Polkadot
Polkadot is a scalable, secure and decentralized multi-chain network for the future of the Internet, built using Substrate, a framework that enables the creation of interoperable and custom-built blockchains composed of custom or pre-built components. DOT is the Polkadot network’s own token currency, the smallest unit of which is called a Plank. It facilitates payments, network management, staking, rewards, transaction fees, and other locking processes when tokens are locked as part of connecting new chains to the Polkadot network or taking on another role in the ecosystem. Polkadot is unique among leading blockchain solutions as it offers scalability through data sharding, unified central relay chain security and configurable consensus, and multi-chain network interoperability. That is, it is quite a good alternative to Bitcoin. Investors can use the token to increase wealth.
Cardano
ADA is a cryptocurrency for the Cardano platform. ADA tokens are used to pay platform usage fees. They are also given to validators as a reward when they confirm transactions using the proof-of-stake process.
Cardano uses staking, a process in which members of the network contribute certain amounts of cryptocurrency to gain the right to participate in the ongoing production of the blockchain.
Crypto exchange software allows you to choose a trading pair that will multiply your fortune. But it is necessary to study in more detail changes in the exchange rate of coins. Analysis allows you to increase your chances of choosing the right trading pair that will bring profit. It is necessary to choose investment platforms more carefully. Some offer their customers favorable conditions and a minimum commission. You can get this information on the portal and the Internet.