You might have heard the term “altcoin season” floating around lately. Simply put, altcoin season is a time when the value of many cryptocurrencies increases significantly. It’s often preceded by a period of Bear Market, in which the value of most coins decreases. So, if you’re thinking about investing in cryptocurrencies, now might be a good time to do your research. In this post, we’ll introduce you to New Cryptocurrencies that we think are worth keeping an eye on.
What Is an Altcoin?
An altcoin is a cryptocurrency that’s not Bitcoin. Bitcoin is the original and most well-known cryptocurrency, so all other coins are called “altcoins.” There are literally hundreds of altcoins out there, but we’ve compiled a list of our 10 favorites that are worth keeping an eye on. Each of these coins has something unique to offer, whether it’s faster transactions, greater privacy, or innovative features.
Why Invest in Altcoins?
There are a few reasons why you might want to consider investing in altcoins. For one, they can offer a higher potential return on investment than Bitcoin. Many altcoins are also still undervalued, so there’s the potential for greater growth. What’s more, altcoins can provide diversification for your cryptocurrency portfolio. By investing in a variety of different altcoins, you can reduce your risk while still capturing potential gains.
How to Invest in Altcoins
So you want to invest in altcoins? Here’s how to do it: First, you need to find an exchange that lists the altcoins you’re interested in. There are many exchanges, but not all of them carry every altcoin. Once you’ve found an exchange that offers the altcoins you’re interested in, you need to open an account and deposit money. Once your funds are in place, you can start buying altcoins! Just enter the amount of cryptocurrency you want to buy and the exchange will do the rest.
Risks of Investing in Altcoins
So, you’re thinking of investing in altcoins? That’s a big decision, and you need to be aware of the risks involved. First of all, most altcoins are much more volatile than Bitcoin. This means that they can rise or fall in value very quickly, and you can lose a lot of money if you’re not careful. Second, most altcoins are still quite small and not as well-known as Bitcoin. This makes them less stable and more susceptible to market fluctuations. Lastly, because altcoin prices are so volatile, it’s very easy to get caught up in FOMO (fear of missing out) and invest more than you can afford to lose. So make sure you only invest what you’re willing to lose, and be prepared to ride out the ups and downs of the altcoin market.
Top 10 New Cryptocurrencies
Lucky Block
You may have heard about the cryptocurrency Lucky Block. Lucky Block is a digital token that is based on the Ethereum blockchain. It’s a new kind of digital asset that allows people to make bets on the future of other cryptocurrencies.
DeFi Coin
There’s a new cryptocurrency on the scene called DeFi Coin, and it just might be the next big thing. DeFi Coin is a decentralized finance coin that allows users to borrow and lend cryptocurrencies. It’s built on the Ethereum blockchain and aims to make finance more accessible to everyone. With DeFi Coin, you can borrow or lend any type of cryptocurrency, and there are no fees or middlemen involved. This makes it a more efficient and democratic way to handle finance. If you’re looking for a new cryptocurrency to keep an eye on, DeFi Coin is definitely worth checking out.
Dogecoin
Dogecoin is a cryptocurrency that was created in 2013 as a joke. It was based on the Doge meme, and its logo is a picture of a dog wearing a Shiba Inu costume. At first, Dogecoin was only used as a way to tip people on internet forums, but it has since become much more than that. In January 2018, Dogecoin reached a market capitalization of $2 billion, making it the 5th most valuable cryptocurrency in the world. Why is Dogecoin so successful? Some people attribute its success to its low transaction fees and fast transaction times. Others believe that it’s because of the strong community behind it. Regardless of the reason, Dogecoin is definitely worth keeping an eye on!
Avalanche
With the market bouncing back, it’s time to start looking at some new altcoins to invest in. One that’s caught our eye is Avalanche. Dubbed “the next generation of blockchain technology,” Avalanche is designed to solve some of the biggest problems facing current blockchains. These include transaction speed, scalability, and privacy. Avalanche has already launched its mainnet, and is currently in the process of building out its ecosystem. If you’re looking for a coin with a lot of potential, Avalanche is definitely worth keeping an eye on!
Hedera Hashgraph
Hedera Hashgraph is a new cryptocurrency that’s garnered a lot of attention recently. It’s different from other cryptocurrencies in that it’s based on a completely different algorithm, called the directed acyclic graph (DAG). This algorithm allows for faster and more secure transactions, making it a great choice for businesses and other high-volume applications. Hedera Hashgraph has also been designed with governance in mind, meaning that its developers will always be able to make changes and updates to the system.
ApeCoin
Many people are predicting that altcoin season is right around the corner, and there are a number of new cryptocurrencies that could potentially see some serious growth. One such coin is ApeCoin, which is designed for use in the global entertainment industry. If you’re thinking of investing in some altcoins, ApeCoin is definitely one to watch!
Fantom
Fantom is a new cryptocurrency that’s quickly gaining traction. It aims to solve some of the biggest issues facing blockchain technology, including speed, scalability, and security. Fantom is also one of the few cryptos that’s actually implemented as a working product, which is a huge plus in my book. If you’re looking for a solid altcoin to invest in, Fantom is definitely worth keeping an eye on.
Ankr
Ankr is a fairly new entrant to the cryptocurrency world, but it’s already made a big impact. This decentralized cloud storage platform promises to offer security, affordability and scalability, making it perfect for businesses and individual users alike. Right now, Ankr is still in the early stages of development, so it’s definitely worth keeping an eye on in the coming months and years. Who knows? It might just be the next big thing in the world of cryptocurrencies!
Theta
Theta is a decentralized video streaming network that’s designed to improve the quality and delivery of online videos. It’s a relatively new project, having launched in January of 2018, but it’s already managed to attract a lot of attention from the crypto community. Thanks to its unique blockchain-based architecture, Theta is able to offer users improved video playback speeds and quality. It also allows content creators to monetize their videos through embedded ads and microtransactions.
Polygon
Polygon is a new cryptocurrency that’s been making waves in the crypto world lately. It’s still in its early stages, but there’s a lot of potential for this coin. Here are a few reasons why Polygon is worth keeping an eye on:
1. Polygon is designed to be fast, efficient, and user-friendly.
2. It has a strong team of developers behind it, and they’re constantly working to improve the coin.
3. It has a low circulating supply, which could make it a good investment opportunity down the road. 4. The Polygon community is supportive and active, and they’re always willing to help new users get started.
