Cryptocurrencies have piqued the interest of millions of individuals across the globe. Its use cases in developing nations have made it easier for the technology to spread in remote places, not just technologically advanced countries. Bitcoin has become a topic that is hot on social media and it is one of the things that people are talking about whether they are involved in it or not.

It’s Not All About Bitcoin BTC

Bitcoin is the leading coin in the crypto market and has the most acceptance from people and businesses all over the world. It is supported by Technoking and Tesla CEO; Elon Musk and is used as a means of completing transactions on global platforms like Mastercard, Visa, Apple Pay, etc.

Bitcoin is also supported by America’s oldest bank BNY Mellon. With widespread acceptance came an increase in the price of Bitcoin. With its current all-time high above the $60k levels, Bitcoin is not exactly as affordable. The good news is that you can buy altcoins if you can’t afford Bitcoin or you just want to diversify your portfolio.

Top Four Altcoins You Should Consider

• 1. Ethereum (ETH)

Unlike Bitcoin that is simply just a cryptocurrency, Ethereum is both a computer and cryptocurrency. As a decentralized network, developers can create their cryptocurrency using the tools provided. The ETH token is the second most popular cryptocurrency and stands just behind Bitcoin. Ethereum makes the top four list because it might be far behind Bitcoin in value, but it is way ahead of other alternative tokens.

• 2. BNB

Binance is one of the most used cryptocurrency exchange platforms across the globe. It is a multi-wallet platform that allows users to buy, hold, sell and exchange cryptocurrencies fast and conveniently. The BNB is the platform’s indigenous cryptocurrency that was initially introduced as a means of paying for transaction fees. BNB is the second on this list because it guarantees lesser risks compared to other altcoins. It is also a more secure and stable investment option since it is a utility token.

• 3. Polkadot (DOT)

Polkadot is a is just like Ethereum. It was invented by former Ethereum leaders and was birthed from the desire to cut out people who are in the crypto market to make money fast. Polkadot is one of the most common alternatives to Bitcoin because it has several lanes to complete transactions. This makes the processing of transactions faster unlike Ethereum that only has one.

• 4. Dogecoin (DOGE)

Dogecoin (DOGE) might have been extremely controversial in the past but things have changed. The token was created as a joke and only started making waves after it received major support from crypto enthusiasts like Elon Musk. Although there are huge risks associated with Dogecoin, it makes it to this list because it is one of the few coins that has shown potential in a short time.

The Verdict 

According to Osom, cryptocurrencies have huge potential as a means of paying for domestic and cross-border transactions. They are also perfect for storing value with minimum risk of inflation.

Clare Louise