The latest surge of Bitcoin has taken the crypto space by storm. It again breached the $50,000 mark a few days back and has prevailed to stay over the psychological level since then. Bitcoin which is the oldest and the largest digital currency in the world has created concerns among the experts on whether it will be successful in keeping its price intact. There are also predictions on the alternative crypto rise in the near future. Bitcoin alternatives or which are commonly known as altcoins are portraying a stiff performance on the crypto ranking charts along with some long term competitors like Ethereum who are still competing for an increasing market cap.
Alternative Crypto Rise: List Of Altcoins
Given that the NFTs and altcoins witnessed an increase among the crypto investors over the months of July and August, the digital currency scene could see an unexpected increase of these grounds. Here are some altcoins that can witness alternative crypto rise.
At the time of writing this on 16.09.2021, the value of Ethereum revolved around $3,620.61. Over the past weeks, Ether or Ethereum increased in price by 12.34%. It has witnessed a steady increase over the months, making the predictions for its growth even more stronger.
Another big name in the crypto space is Cardano (ADA) that might experience an alternative crypto rise in the upcoming days. It presently ranks in the third position among the top cryptocurrencies as per the market capitalization of $84 billion. This crypto has seen a stark increase this May when Tesla dropped accepting payments in BTC because of the huge electricity expenditure over its mining activity. ADA then attained new heights as investors found this crypto environmentally friendly and an alternative option as well. An update of ADA this month will bring in smart contracts on the Cardano blockchain platform and many more investors may be interested in it. Undoubtedly, Cardano is the next cryptocurrency to explode 2021.
The position of Chainlink in the crypto market chart is in the 12th position. But its fame and popularity among the crypto investors and also on social media is holding eyeballs. Over the past 7 days, it has witnessed an increase of almost 23% in price. Its price rests around $32 for every token presently. Websites like Coin Quora and many others recommend a bullish aim for LINK and predict it to cross the $50 mark within a year. This is also the best cryptocurrency to invest in 2021.
Dogecoin is a meme cryptocurrency that was made famous by the likes of Elon Musk, the CEO of Tesla. It increased to prominence in the past few months. Now it is among the digital currencies that are considered among alternative crypto rise. In this year, the crypto has returned with a more than 8000% rise in price. So this is indeed the best cryptocurrency to invest today.
Along with Cardano and Dogecoin, this is also among the alternative crypto rise. This is an altcoin that has gotten a lot of attention this year. It has a maximum supply of 720 million similar to Bitcoin. In August 2021, the value of this coin tripled. In fact, since this coin was founded in 2020 September, this coin has come a whopping 2440%.
Even though Bitcoin is the most famous and oldest digital currency in the world, there are other altcoins as well that are witnessing a similar percentage of surge as Bitcoin. In this article, we have discussed that alternative crypto rise and how investors are reacting to it.
Frequently Asked Questions On Alternative Crypto Rise
There will be alternative crypto rise, and those altcoins include Ethereum, Cardano, Dogecoin, Chainlink, and Avalanche.
Ethereum and Litecoin are considered to be the most stable Bitcoin alternatives, but there are over 4,400 digital currencies that are being traded today.
According to reports, and price prediction, Ethereum is predicted to rise to a great extent in 2025. So this can be the best cryptocurrency to buy in 2021.