14 September 2023
By: SAMIRA SIDDIQUI
Altcoins, short form of ‘alternative’ and ‘coins,’ refer to any cryptocurrency other than Bitcoin. They represent a diverse array of digital currencies designed with unique features and use cases, providing alternatives to Bitcoin's dominance in the crypto market.
The top 5 altcoins in India include Ethereum, Litecoin, Chainlink, Cardano, Polkadot. Each of these altcoins offers unique features and technologies, making them attractive options for investors.
Altcoins serve various purposes, such as facilitating smart contracts (Ethereum), enhancing privacy (Monero), or enabling faster transactions (Litecoin). Investors engage with altcoins to diversify their portfolios & explore the vast potential of blockchain technology.
Ethereum, often referred to as an altcoin, is one of the most prominent crypto in the market today. It was created to expand upon BTC capabilities by introducing smart contracts, allowing developers to build DApps on its blockchain. Current price: $1604.75 Source: CoinMarketCap
It is a popular altcoin known for its fast transaction processing and low fees. Created by Charlie Lee, it's often referred to as 'digital silver' alongside Bitcoin's 'digital gold.' Current price: $61.26 Source: CoinMarketCap
Chainlink (LINK) is a prominent altcoin that specialises in decentralised oracles, enabling smart contracts to interact with real-world data. Current price: $6.01 Source: CoinMarketCap
It is a blockchain platform & crypto. Its blockchain's native coin is the DOT. It is intended to allow blockchains to exchange messages & complete transactions with one another and recognised as one of the top most altcoin. Current price: $4.02 Source: CoinMarketCap
Founded by Charles Hoskinson, a co-founder of Ethereum, it aims to provide a secure platform for smart contracts & decentralised applications. It is considered as one of the best altcoin. Current price: $0.2486 Source: CoinMarketCap
If you are considering investing in crypto, research is the most important thing. The information we share isn't investment advise & only for educational purposes.