The top cryptocurrencies to watch today are all altcoins. Overall, bitcoin continues to perform at an incredible rate. Alternative coins, however, are slowly outperforming bitcoin over time.
These coins have a wealth of different uses and in different industries. For every new idea someone has, a new altcoin is created with just as much innovation in it. Nonetheless, it would be foolish to assume that every altcoin you encounter is worth investing in. Below are examples of why.
Where Bitcoin (BTC) Is and the Impacts
Bitcoin’s (BTC) price is now sitting on a support line, and this leads investors to consider that prices will start rising soon. The performance of bitcoin is pivotal to the overall success of altcoins.
Yes, these coins can outperform bitcoin, but bitcoin’s success improves the success of all altcoins. Just before the new year of 2022, bitcoin saw a price test and then broke that ceiling of $64,854. In relation to where prices sit now, the ever popular crypto has ample room to rally even more.
As if partners in crime with bitcoin, Ehtereum’s ether coin follows closely behind or leads just ahead of bitcoin’s price action.
Ether is part of an on-demand program that generates smart contracts, which are revolutionizing the world as we know it. What smart contracts do is more important than the current price of ether.
The technology ether powers enables the world to decentralize way beyond the scope of bitcoin. With a growing market cap each day, ether sits quite high on investors’ to-buy lists.
Binance’s strong market cap keeps it trending strongly alongside bitcoin and ether. With the help of EMA lines, it’s easy to see a strong uptrend in this crypto. Investors like this platform because of the transactions it powers each day.
Binance’s exchange platform hosts over 500 cryptocurrencies for traders to profit from now. The public interest in trading crypto is making the Binance site a popular destination for crypto enthusiasts. Expect its coin’s price to also rise.
As a reasonable substitute to Ethereum, Avalanche (AVAX) represents a store of value behind smart contracts. The utility of Avalanche creates tremendous benefits for businesses seeking greater security. The modern world is a digital, wireless and mobile one. Its technologies, however, are only useful with the help of blockchain. Keeping our data infrastructures secure calls for innovation like Avalanche’s. The AVAX coin now sells at a reasonable price of $88 per.
The MATIC coin, as developed by Polygon, is also on a trajectory upward. What’s interesting about MATIC is that unlike other choices, this one is a utility token. Those who use Polygon’s platform can use their currency to power the developer’s features.
Polygon is used to enhance the work of developers who work with Ethereum smart contracts. The growing demand for blockchain innovation makes coding a lucrative skill, and the MATIC token now makes this easy to see.