All cryptocurrencies other than bitcoin (BTC) are referred to as “altcoins” since they are thought of as alternatives to the latter (alternative coins). Over 19,000 alternative coins are available, however not all of them are promising. You must invest the time to assess these assets’ potential if you wish to diversify your portfolio with them. Also, it appears that cryptocurrencies like ether (ETH), monero (XMR), binance coin (BNB), chainlink (LINK), and aave (AAVE) will survive.
Ether (ETH)
A list of 5 alternative coins with a high likelihood of still existing in 5–10 years was published on Twitter by the Layn account on July 20. At the top of the list was Ether (ETH), the native token of the 2015-launched Ethereum platform. It must be acknowledged that it is, in terms of capitalization, the second-largest cryptocurrency. Speaking of which, the market value of Ethereum (ETH) is currently projected to be above $176 billion.
With a 24-hour trading volume of around $22.9 billion, the price of ether is expected to be above $1400. There is no reserve and there are 121,632,867 ETH tokens in use. This alternative coin is often traded, according to CoinMarketCap, on exchanges like Binance, OKX, BingX, and MEXC.
Monero (XMR)
Monero (XMR), a cryptocurrency that was introduced in 2014, is ranked as the 28th largest according to CoinMarketCap, with an estimated market capitalization of approximately $2 billion. This alternative coin’s price is currently around $145, and over the past 24 hours, more over $180 million has been traded. The total number of XMR tokens in existence is 18,150,354, and there are no reserves. The top cryptocurrency exchanges for trading Monero, according to CoinMarketCap, are Binance, OKX, MEXC, and Bybit.
Binance Coin (BNB)
Binance Coin (BNB), which was introduced in 2017, is presently trading for about $255 on exchanges like Binance, BingX, and MEXC. With a market capitalization of more than $41 billion, the altcoin is the fifth most valuable cryptocurrency on the list. The anticipated 24-hour trade volume is over $1.5 billion, and there are 161,337,261 BNB in circulation.
Link chains (LINK)
The 2017-founded altcoin Chainlink (LINK), with a market valuation of nearly $3 billion, is currently ranked as the 23rd largest cryptocurrency by CoinMarketCap. With a projected trading volume of approximately $858 million over a 24-hour period, it now costs over $6. The total number of LINK tokens in existence is 467,099,971.
Aave (AAVE)
Aave (AAVE), which was first introduced in 2017 under the name ETHLend, is currently the 40th largest cryptocurrency by market cap, according to CoinMarketCap. Its price has been circling about $87 with an estimated $329.7 million worth of trade in the previous 24 hours. There are currently 13,915,774 AAVE tokens in use.
There are some altcoins that are more dependable and promising than others on the market. However, if you’re interested in investing in cryptocurrencies other than bitcoin (BTC), you might want to consider ether (ETH), Monero (XMR), Binance Coin (BNB), Chainlink (LINK), and Aave (AAVE).
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