Dethroning Bitcoin - Who’s The Next King In Line? Image credit: AdobeStock
Since the beginning of the pandemic, the world of Cryptocurrency has been dealing with quite a turbulent environment. And this year, the situation has become even graver than before, especially for Bitcoin – the “king of Crypto.”
For example, the price of the same has slid down to below USD 30,000. And unfortunately, according to a report, it didn’t show any sign of cooling down in the near future.
Hence, at this stage, looking for the “next-king-to-the-throne” definitely sounds viable to me. After all, we all want to make as much profit as we can. And, it’ll only be possible for us if we learn to move on and find an overall better option.
Thus, in this article, I’ll be sharing my thoughts about some of the best alternatives to Bitcoin that you can go for. So, kindly read till the end and let me know about your decision!
If you asked this question in 2015, I’d have said Ether without batting an eye. But, since then, the market’s been overflowing with new Cryptocurrencies, which, in turn, makes choosing one option pretty much impossible.
However, don’t fret.
To make it easier for you, I’ve researched the market as much as possible and made this list carefully. Therefore, all you need to do is to read till the end, sign in on a platform like Bitcoin Loophole App, and get started with trading right away!
Otherwise known as SOL, Solana, in essence, is a blockchain platform specifically designed to support dApps (decentralized applications).
Yes, you guessed it right.
The platform does share some similarities with Ethereum. But, it’s capable of completing a lot more transactions than its rival while charging less money than it.
Unlike Solana, Monero is a more of a privacy-focused option that you can avail of right now. It employs a unique technology, which keeps the information about the receiver, sender, and the amount hidden till the end.
However, if you want to get connected to the Monero network, you’ll need to create a brand new Monero wallet. And it can get a little complicated at first.
Although it was created to complement the growth of Bitcoin in 2015, Ether ended up being the most prominent rival of the same.
Yes, I know.
It’s yet to be as popular as Bitcoin in the market. But, unlike its rival, Ether’s price is going up at a steady pace. So, it’s better if you could invest in the same right now.
Like Bitcoin, Litecoin is one of the OGs of the Crypto market. But, owing to the phoenix-like rise of BTC, it became almost impossible for LTC to grab hold of the market.
Nonetheless, now, during the potential demise of Bitcoin, it’s started rising once again. And as of March 14, it has $7.4 billion of market capitalization. It’s an excellent investment, TBH.
When it was first launched in 2013, Dogecoin was considered as a sort of “memecoin” at the beginning. However, that “reputation” lasted until 2021, when its price began rising suddenly.
Since then, it has improved by quite a mile and currently has an overall market capitalization of USD 15.00 billion. And, it will increase even more in the future, I’m sure of it.
Here’s the thing.
Although Bitcoin has more than a hundred competitors, it’s still the best in the business. And, due to whatever it’s accomplished over the years, it might retain its position for a while.
However, when I look at the current situation, I can’t help but feel that the demise of Bitcoin is coming pretty soon. And, if you want to stay in a better position, investing in a future-proof option would be ideal for you.
Hopefully, I could offer some insights on the same through this article. Nonetheless, if you’re looking for some other information or anything as such, don’t forget to let me know about it. I’ll try my best to clear out any kind of confusion you have on the topic.