Litecoin2020 saw retail and institutional investors buy into cryptocurrencies. Litecoin (LTC) is a favourite amongst retail investors and could experience massive growth in the upcoming alt season. It is still the fastest and most affordable way for retailers to accept payments in cryptos.
Furthermore, mining Litecoin is very lucrative. It has one of the lowest times required for mining with a high block reward.
Did you know Litecoin recently launched its first decentralised Litecoin-based RPG fantasy game called LiteBringer? To truly stay ahead of the game, the Litecoin game boosts the platform’s performers by using players moves to perform transactions.
NEOThere are big changes coming for NEO this year! NEO, which is also called the Chinese Ethereum, will be launching Neo3. The new blockchain called Neo3 will include a ton of epic features like decentralized file storage, decentralized ID solutions and a built-in oracle.
CardanoCardano (ADA) is regarded by many in the industry as Ethereum’s competitor. In the same way that ERC20 tokens are issued on the Ethereum blockchain, native assets that do not require smart contracts, can be issued on Cardano. This year the Cardano network is said to transition from Shelley to Goguen which will allow for these native assets to be issued. Better load up those bags!
EthereumPossibly the biggest reason why Ethereum is amongst the top picks for alt coins that could explode in 2021 is because of DeFi. DeFi is the fastest growing crypto trends as it allows investors to borrow and lend money using cryptocurrencies as collateral without having to go through tedious application processes. Ethereum’s open source blockchain network is the preferred network for these DeFi decentralised applications (dApps) such as Uniswap, Maker and Aave. Due to the explosive influx of capital and participants to the DeFi space, Ethereum is currently the leading altcoin with 96% of total transaction volume.
RippleRipple (XRP) is the best coin for separating the weak hands from the hodlers. After almost three years of little to no price action, many have simply given up on XRP. The truth is that XRP plays a huge role in the crypto and banking space by performing fast and cost-effective cross-border transactions. Regardless of a SEC lawsuit, more and more banks and institutions are joining Ripple on a daily basis. As the demand for faster cross-border transactions and liquidity rises, so will the price of XRP.
It is important for all investors to buy coins that have real world usage and solve real world problems. These are the projects that are most likely to show huge profits in the bull market. Keep an eye on the AltCoinTrader Blog page and the Rads ACT YouTube Channel for more helpful tips and tricks to help you make the most of the upcoming alt season.