5 Cheap and Prospective Cryptocurrency Alternatives to Invest in 2021-22

Cryptocurrencies have seen a remarkable boom since late 2017. But still many people are only aware of the Bitcoin cryptocurrency. Besides cryptocurrency, there are several other cryptocurrencies as well that are worth attention. Here in this blog post, we are going to talk about the 5 cheap and prospective cryptocurrency alternatives to invest in 2021-22. So with no further ado, shall we proceed to discuss them. 

5 Potential Cryptocurrency Alternatives

Here goes our curated list of the top 5 cryptocurrency alternatives. 

1. Cardano

Cardano gained popularity because of its flexible network and instant transaction ability. Scalability, interoperability, and sustainability are the other key benefits of the Cardano cryptocurrency. The price of the Cardano cryptocurrency slightly goes up after the recent update which adds functionality to build smart contracts. 

The Cardano cryptocurrency has low transaction fees and a very focused development team to allow developers to work on the fully decentralized project. With Cardano cryptocurrency, developers can start working on the dApps. 

In recent days, Cardano has shown striking price performance and its incredibly low price of $1.19 goes in favor of the Cardano cryptocurrency.

2. Ethereum 

Ethereum makes a place in our list because of its decentralized software platform. This ensures the running of the smart contracts and decentralized applications (DApps) with no hurdle. Another reason behind the increased popularity of the Ethereum cryptocurrency is that it provides a decentralized suite of financial products that can be accessed anywhere in the world. In terms of market capitalization, Etherum is the second-largest cryptocurrency in the world with a market cap of $316 billion. 

In 2021, Ethereum is all set to change its algorithms from proof-of-work to proof-of-stake. This improvement will not only make the Etherum energy-friendly but also enhance the transaction speed. Also, this algorithm will go a long way to maintain the security of the transaction.

3. Litecoin(LTC)

Litecoin made its first occurrence in the year 2021. It was the first cryptocurrency after Bitcoin. For this reason, it is also pronounced as the silver of Bitcoin’s gold. Litecoin cryptocurrency works on the open-source global payment network, which is not controlled by any of the financial institutions. 

If Bitcoin seems out of range then Litecoin is the best cryptocurrency alternative you can rely on as it has a faster transaction system similar to Bitcoin.

4. Uniswap

Uniswap is another DApp that works on Ethereum based algorithms. You can trade on this platform with the help of liquidity pools. Uniswap primarily has two jobs, delivering and utilizing the liquidity. The smart contracts and secured protocols have simulated the automatic transaction process. Uniswap emerged as the first decentralized exchange platform to offer leverage and margin trading. 

5. Chainlink

With a market capitalization of $20 billion is all set to form a decentralized oracle network that offers tamper-proof input and output facilities. Chainlink anticipates third-party smart contracts to provide more options to the developers. Also, Chainlink gained fame because of its capabilities to real-world data to the blockchain. 

Wrapping Things Up

And with that, we have concluded the top 5 cheap and potential cryptocurrency alternatives you can invest in 2021-22. You can use any of the above cryptocurrency development services.