Bitcoin price has been surging so quickly in the past few years, reaching a high above $64,800.
All of the following digital currencies to be discussed have already outperformed the pioneer cryptocurrency in the past year and are currently trading below $2.
The lower price enables investors to have a higher purchasing power of units of the digital asset.
Since then, Dogecoin has taken off and even received an enormous push from Elon Musk’s endorsement on Twitter.
The cryptocurrency is trading at $0.49 at the time of writing and has a total of over $64 billion in market capitalization, ranking fifth among the top digital assets.
The securities regulator alleged that the blockchain firm illegally sold XRP tokens as securities without registering with the authorities.
Cardano continues to roll out new smart contract capabilities and applications that run on its platform.
VeChain also works with numerous universities worldwide in blockchain research and development, including Stanford University and MIT.
Stellar Lumens acts as a blockchain protocol catered toward payment systems, easing money transfers around the world.
Founded by Jed McCaleb, who served as the CTO for Ripple, Stellar received initial funding from payments startup Stripe and donations from organizations including BlackRock, Google and FastForward.
MATIC is an Ethereum-based token that powers the Polygon Network, providing faster and cheaper transactions on the Ethereum blockchain using Layer 2 sidechains.
Despite having the lowest market capitalization of $6 billion among the cryptocurrencies mentioned above, its aim to reduce high ETH gas fees could propel the token’s price higher in the future.
Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
With the rising popularity of decentralized finance and altcoins, many investors consider other cryptocurrencies that may provide better upside and a lower entry price.
Enjin, an NFT-related blockchain, has announced integration with, Uniqly, a bridge between NFT and physical products.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
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