Which crypto to invest in other than Bitcoin?

Which crypto to invest in other than Bitcoin?

Dubai

By Ankita Singh Published: Fri 15 Apr 2022, 11:53 AM

There's no doubt that the largest and most well-known cryptocurrency today is Bitcoin, however, there are several thousand "altcoins" or alternatives to Bitcoin and all of them claim to be worthy of your investment. You’re now probably wondering, "if Bitcoin is number one then why does it have alternatives in the first place?" That's because altcoins don't necessarily aim to replace Bitcoin as each altcoin has its unique purpose and attempts to improve Bitcoin's technology.

For example, the second-biggest cryptocurrency, Ethereum allows people to build certain types of apps that cannot use bitcoin to facilitate its network, simply because bitcoin is not compatible with Ethereum's infrastructure. As a result, Ethereum has its own or "native" cryptocurrency called "ether" which is today the world's largest altcoin. Before you jump to a crypto exchange to buy ether, here's how you can identify other valuable altcoins on your own.

How to identify valuable altcoins?

There are several coins that will create hype to sell their tokens, without making any attempt to resolve "real" issues. Such crypto projects may not be widely adopted as typically, real-life use cases of crypto projects and their coins attract entities like banks,