Altcoins “Alternative Coins” are any cryptocurrency other than Bitcoin. These coins have rallied to prominence with their use cases and are of keen interest to us going into 2023.
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Ethereum: Ethereum is, to date, the most successful altcoin in the market. Its native token, Ether (ETH), has seen a rapid rise in its valuation ever since its creation.
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Binance Coin: The Binance Exchange platform’s performance is directly linked to the performance of Binance Coin (BNB).
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XRP: Ripple XRP can process transactions in only a few seconds and requires minimal energy and has become one of the most environmentally friendly cryptocurrencies.
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Avalanche: Avalanche has limitless interoperability with many blockchains without sacrifice decentralization. We are closely watching this one.
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Cardano: Cardano uses Proof of Stake (PoS) instead of Proof of Work (PoW), which improves its sustainability. It combines the best features of first and second-generation cryptocurrency coins like Bitcoin and Ethereum.
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Decentraland: Decentraland works on Ethereum’s blockchain-based virtual game. It uses a 3D virtual world for cryptocurrency transactions.
