June 18, 2024
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List of Altcoins with Immense Growth Potential in the Coming Years

5 min read
altcoins

When it comes to investing in cryptocurrencies, the first thing that comes to mind is Bitcoin. After all, Bitcoin is the most well-known cryptocurrency globally and has been around since 2009. It means that plenty of people have already invested in Bitcoin and made a lot of money from them. They’re easy to find online as well!

But there are also many other cryptocurrencies out there that you can invest your money into if you want more options or something different than what Bitcoin offers. These other cryptocurrencies are called “altcoins” (short for alternative coins). The term altcoin refers to any cryptocurrency other than Bitcoin—so these include coins like Ethereum, Ripple XRP, Litecoin LTC, and Monero XMR.

Veritaseum (VERI)

Veritaseum (VERI) is a cryptocurrency that aims to provide the best services in the financial market. It is developed by Reggie Middleton, who has been in investing since 1999. Reggie started the project in 2014 with an ICO that raised $100 million.

Veritaseum has a market cap of $38 million and is traded on Binance with a circulating supply of 25 million coins. Out of which 10 million are locked up for staking purposes. The total supply is 100 million coins, making it one of the most undervalued cryptocurrencies available today.

Polkadot

Polkadot is a blockchain network that connects multiple blockchains and enables crypto assets exchange between them. In addition, it allows for creating a new type of blockchain, called parachains, which can host on top of existing networks like Ethereum or NEO.

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Polkadot is an open-source project under development by Parity Technologies and Runtime Verification. They are working together to create a framework for building interoperable blockchains with heterogeneous architecture that can host applications like decentralized identity systems or prediction markets. But before you show your interest in Polkadot, it is necessary to do intensive research. So first, learn about Polkadot by asking questions like what is DOT and how can I benefit from it, how to buy dot and is it profitable, and how to buy Polkadot with a credit card, etc.

Siacoin (SIA)

Siacoin is a decentralized storage platform that’s similar to Storj and Filecoin. It allows users to rent out their spare hard drive space (either on a computer or in the cloud) and earn money by providing storage for other people.

You want to download a large video file from YouTube, and you don’t have enough free space on your computer. You could use Siacoin to host the file on someone else’s hard drive with more than enough room, then conveniently download it when you’re ready!

Siacoin uses blockchain technology for decentralized data storage and transmission. It makes it possible for anyone with extra space on their computer or server to earn money by renting out their unused hard drive space as a peer-to-peer network of hosts called “nodes.” The host sets up the node using Sia software which creates an encrypted connection with other hosts through P2P networking protocols like BitTorrent. It enables users anywhere around the world to access files stored within these nodes. The fees is also worth less than half what they would be charged by traditional providers like Dropbox.

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Dentacoin (DCN)

Dentacoin (DCN) is a blockchain-based platform for the dental industry. They aim to improve dental care worldwide by using blockchain technology. Dentacoin has been designed as a cryptocurrency and a decentralized platform, allowing it to operate without any restrictions or central control. It’s also used as a utility token on their platform and has a supply of 8 trillion DCN tokens.

SingularityNET (AGI)

SingularityNET is a decentralized AI marketplace that aims to be the go-to place for all your AI needs. The platform will allow users to monetize their applications on SingularityNET by creating and selling services through an easy-to-use interface and accessing other people’s apps and software packages via the network.

The main token used by SingularityNET is AGI, which was designed specifically to create and trade services on the network. The current market cap of AGI is $86 million, with each token trading at $0.066 at the time of writing.

Request Network (REQ)

Request Network is a decentralized network allowing its users to request payment from a third-party (just like sending invoices) who can then make the payment securely.

The payment is saved on a permanent, genuine ledger, which is the only source of data for auditing and accounting procedures. It results in reduced costs, better visibility, and control for auditors and regulators.

IOTA (MIOTA)

IOTA is a cryptocurrency that is focused on the Internet of Things (IoT). It has a lot of potentials to become the standard for IoT payments. IOTA has already partnered with some major companies, including Microsoft, Bosch, Volkswagen, and Fujitsu. IOTA’s network is entirely based on Tangle technology instead of blockchain, making it much faster than other cryptocurrencies such as Bitcoin.

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The developers have also said they will be adding quantum-proof cryptography to ensure that their transactions cannot be hacked by quantum computers, which will start appearing in 2020-2050, depending on who you ask.

IOTA has already shown tremendous growth this year, and it appears like there are many more pumps left for this coin, especially when it comes out of the bear market sometime next year. I would recommend investing in this coin if you want long-term gains because its price could easily go up to 20x or more over the next five years!

Altcoins Could be a Great Investment

Altcoins are a popular investment vehicle for cryptocurrency enthusiasts and with good reason. Though Bitcoin remains the most valuable and widely-traded digital currency, there’s no lack of other options out there. So if you’re looking to diversify your portfolio—or just want to make some quick cash—altcoins could be a great way to do that.

The first thing you should know about altcoins is that they are not created equal. Some have been around since the start of cryptocurrency (such as Litecoin), while others have only recently come on the scene (like Dogecoin). These differences mean one thing: each coin has its own unique risks and benefits as an investment vehicle.

Research and analyze those risks and benefits to decide whether or not investing in altcoins is right for you!

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