Top Altcoins to watch in 2021: An Introduction to Bitcoin Alternatives

Published 23 Jul 2021 by Radhika Aggarwal

Table of content:

  1. How does an altcoin work? And what use cases makes it to the top list.
  2. What is the top altcoin to buy in the market?
  3. Some of the Advantages and Disadvantages of Altcoins
  4. What’s the Future Outlook for Altcoins?
  5. Conclusion
  6. Exclusive: Cxihub Cryptocurrency Weekly Newsletter

This top altcoins list will introduce you to some of the most popular ones:

  • Ethereum, Litecoin, Neo.
  • Monero, Ripple, and Zcash.
  • Namecoin.
  • DogeCoin (do not confuse with Shiba Inu).

Many crypto startups created alts with certain features in mind; others were made for fun or out of curiosity. This top altcoins list will introduce you to some of them: - Ethereum (ETH) is an open software platform based on blockchain technology that enables developers around the world to create decentralized applications using smart contracts, which are run by ether tokens rather than a central computer server so no one can’t shut it down as easily like other cryptocurrencies such as XRP.

Altcoins are an alternate form of currency than bitcoin that is rapidly taking over in popularity. These altcoin currencies work much like bitcoin but have slight variations to the original shape and function, such as using different algorithms for processing transactions or having more coins available than just bitcoins. The blockchain technology records all users’ payments so there cannot be any tampering with exchanges nor denying them from happening; furthermore, this digital ledger can’t be altered by anyone other than those who programmed it because mathematics proofs keep these blocks safe and secure when they’re being recorded on the blockchain.

How does an altcoin work? And what use cases make it to the top altcoins list.

Altcoins work similarly to bitcoins. Sending a payment with altcoins happens by using a private key, whereas the blockchain acts as an immutable recording ledger that records all transactions and can’t be altered. People are awarded coins for adding hashing power (computed via mathematics) to strengthen the network’s security; this process is known as “mining.” The more people mining with their rigs or computers, the stronger and faster it becomes–and theoretically less susceptible to manipulating outside forces like hackers or governments.

Altcoin works similarly to Bitcoin – but instead of being handled by one central server run privately on someone’s laptop, its data gets replicated across thousands and millions of different systems worldwide. Hence, nobody has control over them anymore!

What are the top altcoins to buy in the market?

top altcoin

Here is the list of top altcoins for you that matter the most right now with solid use cases. Of course, Dogecoin is on our top list, but it still doesn’t have any real-world use case other than transacting with each\other. But, of course, Elon musk is the DogeFather, so we never know what use case musk can bring in!

Ethereum (ETH)

ethererum coin

Ether is the cryptocurrency that sets Ethereum apart from all other blockchains. As a decentralized world computer, it’s limited only by its users’ imaginations and their computational power to execute them. As a result, it has recently surpassed Bitcoin in market cap, making Ether one of today’s largest cryptocurrencies!

Ethereum is a cryptocurrency that was first proposed in 2013 by Vitalik Buterin, with the network going live in 2015. Ethereum’s most popular use today is a decentralized finance platform where people can store and trade their coins anonymously without any middleman involved- it has also been used to help launch other cryptocurrencies through initial coin offerings (ICOs). In addition, people can deploy various kinds of smart contracts on the ethereum blockchain.

Smart Contracts on the ethereum blockchain have proven to be an instrumental use case built on the ethereum blockchain. In addition, various Decentralized finance products like DEX, Stalking, etc., have been based on the ethereum blockchain.

Read more about Ethereum’s upcoming EIP updates in 2021:-

Litecoin (LTC)

Litecoin

Charlie Lee created Litecoin (LTC) in 2011. It is an open-source, distributed peer-to-peer cryptocurrency that enables instant payments to anyone worldwide, and it has a fast transaction confirmation time. Litecoin’s software differs from Bitcoin because of its faster block generation rate, making mining more profitable for miners who can generate blocks in less than two minutes instead of 10 with bitcoin.

In addition, the 84 million limit on Litecoins will not be reached anytime soon, so there are no worries about running out any time soon or devaluing due to inflation like other cryptocurrencies had done historically when their supply ran dry over the years, such as DogeCoin, where eventually one single token could buy you something big with nothing left to mine anymore if mined before 2140!

NEO

NEO coin

You might not have heard of NEO, but this Chinese company has a big vision and is already making waves in the cryptocurrency world. Headquartered in China, they believe that their network structure will allow decentralized applications to be developed on their platform, which can support quick transactions via smart contracts.

NEO is a few coins that managed to raise funds after global authorities cracked down on initial coin offerings (ICO) last year. However, speculation around them continues as questions about whether or not there may be some connection between NEO and the government arise considering how quickly it was able to go from start-up funding its ICO’s back when everyone thought cryptocurrencies were dead to raising money at an even more rapid pace since then with no major crackdowns by regulators.

Monero (XMR)

monero coin

Monero is a decentralized cryptocurrency that uses technologies to obfuscate transactions and achieve anonymity. The result of these features makes it near impossible for observers to decipher the identity, transaction amounts, or address balances involved in trading Monero– all while still maintaining its fungibility.

Monero is a decentralized cryptocurrency that provides privacy by preventing third-party interference, while other cryptocurrencies like Zcash and dashcoin have similar features but are modified.

Read more about similar private cryptocurrencies like monero:

Stellar (XLM)

Stellar is an innovative company founded by Joyce Kim and Jed McCaleb. Stellar’s platform facilitates the near-instantaneous exchange of funds from one country to another - with its cryptocurrency XLM acting as a bridge between different fiat currencies.

Their first project involved partnering up with some major banks in Africa who were experiencing difficulties processing international transactions due to various payment systems being incompatible or outdated; they also had difficulty accessing online banking services because there was not enough bandwidth for everyone across countries at once.

Dogecoin (DOGE)

doge coin

Dogecoin is the last altcoin to be included in this article, and it’s arguably one of the most interesting ones. Although its origins are relatively unknown, Dogecoin has been around for a little over five years now. Programmer Billy Markus created the coin from Portland, Oregon (fittingly) as an homage to his favorite doggy meme - which eventually became a symbol for internet culture at large when Bitcoin exploded onto mainstream media coverage following the 2013s MtGox scandal: “Doge.”

DogeCoin can’t seem to escape controversy; whether intentional or not, there have been many instances where hackers exploited vulnerabilities in smart contracts on popular tokens such as Ethereum Classic, resulting in major thefts with billions worth of dollars stolen altogether.

The SpaceX and Tesla CEO has been a frequent supporter of dogecoin on Twitter but has also tweeted about other altcoins, like baby dogecoin and Shiba Inu.

Some of the Advantages and Disadvantages of Altcoins

Advantage:

One of the main advantages of altcoin is that it provides a fallback option for Bitcoin investors. If Bitcoin’s value plummets, then an investor can switch to another currency instead and potentially make more money than they would have if they stayed with just one coin. However, you might find that larger shifts in prices happen across all markets when there are changes in cryptocurrency values so consider having multiple investments available as well!

Disadvantage:

Some disadvantages of altcoins are that they lack public acceptance and exposure relative to Bitcoin. In addition, altcoin value can change dramatically, so these coins are not for the faint-hearted or risk-averse investor.

What’s the Future Outlook for Altcoins?

The future outlook for altcoins is mixed. In some cases, they will be used as a form of currency in the mainstream like bitcoin; but this could take time without widespread adoption from retailers and consumers alike. On the other hand, Bitcoin has been on top since its inception – so there’s not much competition for which cryptocurrency people trust most or use more often.

How to Trade Altcoins on cxihub?

Trading altcoins is a great way to make some extra money. The process of trading coins takes no more than five minutes, and you can do it while watching TV or even on the bus!

Are you looking for an easy, quick way to earn cash? Trading altcoins could be just what you’re looking for. It only involves about 5 minutes of your time, so there’s never any excuse not to get started with this lucrative opportunity today.

You can trade altcoins on cxihub at the following steps:

  • Please register a new account with cxihub by entering your email address, creating a password for it, and entering personal information like date of birth and phone number to verify that you are an actual person. You will be asked two security questions when logged in, but if this is lost or forgotten, then there’s no way back into your cxihub account so make sure you keep those safe!
  • Deposit funds onto cxihub (use Bitcoin instead of fiat currency for better prices).
  • Buy any cryptocurrency using BTC or Fiat currency from cxihub wallet
  • Trade crypto-to-crypto
  • Trade Fiat-to-crypto
  • Trade USDT-to-crypto
  • Withdraw profits to your bank account.

Conclusion on the top altcoins list!

Although bitcoin was the first cryptocurrency, there are now hundreds of altcoins that you can invest in. In addition, altcoin investments have increased substantially over the last few months because many people believe they will eventually replace fiat money. If this interests you and you would like to learn more about how investing in these digital currencies could improve your life, sign up for cxihub today!

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Exclusive: Cxihub Cryptocurrency Weekly Newsletter

We at cxihub are committed to the crypto community around the world. This article brought you some of the most popular altcoins other than bitcoin in terms of market capitalization & use case.

You can subscribe to the Cxihub Newsletter for the most important updates in the world of decentralized finance.

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