While the popularity of Bitcoin and Ethereum has waned, public attention has been focused on new and exciting cryptocurrency projects. Some of these projects have even been predicted to go viral in the coming years, and they could be the next big thing. The next big thing will be the ability to capitalize on the hype surrounding cryptocurrency markets. Here are three new cryptocurrencies to watch: Cardano, Ethereum, and Bitcoin Classic. Let’s take a closer look.
ALGO
Developed as a utility token, ALGO is already being used to pay for travel and financial services. Its innovative “proof-of-stake” algorithm allows it to be cheaper than other platforms. As the price of Bitcoin falls, Algorand is likely to be the next big cryptocurrency. Meanwhile, other coins with similar names are gaining steam. For example, Tether is linked to the U.S. dollar, allowing users to transact in traditional currencies.
Tether
The next big thing is Tether. The decentralized network allows investors to transfer cryptocurrencies to U.S. dollars. The value of Tether is one-to-one with the U.S. dollar. While Tether is less speculative than Bitcoin, it is the best choice for those who want to avoid wild swings. The next big thing is Tether. But it’s hard to predict.
Ethereum
This cryptocurrency has been widely popular since its introduction in 2013. Its native currency, Ether, is linked to the U.S. dollar and is designed to be faster than Bitcoin. Buterin introduced the coin in 2013 and it had a market cap of $561 billion as of November 10, 2021. Binance Coin: A new cryptocurrency issued by one of the largest cryptocurrency exchanges in the world. It is backed by the Chinese government, and has a huge reputation in the crypto community.
Akropolis
This Ethereum-based decentralized financial protocol aims to create an autonomous ecosystem for growing wealth. Its products include Sparta, a platform for uncollateralized lending. Akropolis’ ERC-20 token, AKRO, is used to govern the network across the different products. It is an excellent long-term investment and has the potential to explode. This currency is currently linked to the U.S. dollar, making it less volatile.
Read More: What is the Best Platform for Bitcoin Trading?
Litecoin
A relatively new cryptocurrency, Litecoin allows for fast and cheap global payments. Its decentralized network is designed to be faster than Bitcoin. Unlike Ethereum, it is decentralized, and its supply of coins is larger. Although it is still not as popular as Bitcoin, it has technical advantages over Ethereum and has credibility over other crypto currencies. Its price has risen by more than four-fold in just a year.
Binance
Another promising cryptocurrency is Tether. This is linked to the U.S. dollar and aims to be the next Bitcoin, although it can fluctuate like other currencies. Its token cap of $200 million has boosted its price to its all-time high of $68,789 on November 10, 2021. But the price is not as stable as the blockchain. But a newer coin, like Binance Coin, is set to make a significant impact on the industry.
Akropolis
This Ethereum-based cryptocurrency has a huge market cap and is expected to hit $68,000 by November 2021. While Bitcoin is the most valuable crypto, AKRO is the second-most popular. It is more stable than Bitcoin and has potential to go viral. Akropolis also offers a variety of other products, including AkropolisOS, and Sparta. The AKRO token is an ERC-20 token and is the key currency for its network governance.
Ethereum
Ethereum is a decentralized software platform that allows for decentralized applications and smart contracts. The purpose of the Ethereum platform is to enable the creation of a decentralized suite of financial products. It is used by people all over the world, and it doesn’t need state infrastructure or identification. The goal is to provide a platform for developers. It is also a popular currency in the United States. Its name is ETH.
