Any cryptocurrency other than Bitcoin (BTC) or any digital currency created after it is known as an altcoin. Altcoin, also known as an alternative cryptocurrency, is developed with enhanced and newer features to address any drawbacks that Bitcoin (BTC) has. Despite the recent cryptocurrency market downturn, the interest in choosing long-term and profitable cryptocurrencies is skyrocketing. However, choosing the right coin to pick might be overwhelming with thousands of options in hand. The following 5 altcoins, including RoboApe(RBA), a new cryptocurrency brimming with potential, are what crypto experts perceive to be profitable.
RoboApe (RBA):
RoboApe (RBA) is an upcoming futuristic community-driven meme coin that aims to generate profit by providing the DeFi platform, a sustainable community and a rewarding ecosystem to digital currency enthusiasts. The coin’s ecosystem would enable the users to benefit from RoboApe Academy to learn about the cryptocurrency world, attend Charity Games and Events through RoboApe eSports, as well as manage their finances through the coin.
An NFT marketplace will also be developed for the members to trade and mint NFTs through the token’s cards, and cross-chain token swaps can function through RoboApe swap.
TRON (TRX):
TRON (TRX) saw a slump in the market last month; however, the altcoin could survive and regain its momentum at the time of writing. It was launched in 2018 and is a DeFi project powered by the Ethereum blockchain that can process 2000 transactions per second.
The primary aim of TRON (TRX) is to provide a decentralized network for content creators to reach out to their audience without third-party interference and with zero transaction costs. The ecosystem provides the members with multiple utilities and services such as JustStables, SunSwap, Sun.io, and JustLend.
Decentraland (MANA):
Source: CoinCentral
Decentraland (MANA) is the most popular altcoin in the metaverse based on the Ethereum blockchain. The altcoin is known for great partnerships like JP Morgan, virtual games, and crypto transactions through the 3D virtual world. In the current crypto market downturn, (MANA) could maintain its position among the 10 top coins by market capitalization. The platform also enables NFTs and other tokens.
Stellar (XLM):
Stellar (XLM) is an open-source decentralized altcoin used for cross-border payments. It was launched in 2014, and its token Lumens (XLM) has over a $3.1 billion market cap and a supply of 50 billion. Through this ecosystem, the users can make speedy, cost-effective, and secure transactions across any traditional or digital currency. Stellar (XLM) also provides DeFiservices, and the cryptocurrency aims to bring all financial institutions under one umbrella to deliver instant and borderless transactions globally. Despite the market downturn, altcoin still has 25 billion coins in the market circulating, making it one of the high-demand options for crypto aficionados.
Chainlink (LINK):
Source: Blockchain News
Chainlink (LINK) is a decentralized network of oracle nodes that transfers information from off-chain sources to on-chain smart contracts. This altcoin has a current market capitalization of $3.3 billion and was launched in 2017. The smart contracts interact with the real-life data like traditional bank payments and connect it to the Ethereum (ETH) smart contracts make it an advantage. The ecosystem enables the developers to develop reliably decentralized applications by the oracle services that significantly decrease the risk of fraud. The demand for its services has increased, and it is expected for this unique altcoin to continue making some hefty profits.
What To Make Of It
With thousands of altcoins currently available on the cryptocurrency market, it often gets difficult to decide on a coin that can be profitable long-term and provides all the desired features. In this article, we tried to bring the top 5 altcoins that experts think could make your portfolios diverse and earn you a competitive advantage.
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