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So, if youre alreadyinvestingin Bitcoin,these altcoins are worth knowing and even adding to your portfolio.
Ethereum (ETH)
Ethereumis still a buy for me.
Ethereum is the home of DeFi and a wonderful place to learn about that burgeoning technology.
Ethereum is the second-largest cryptocurrency by market cap after Bitcoin.
This opens up possibilities like banking services, loans and insurance for those without access to financial institutions.
Originally built on Ethereum, BNB eventually moved to its blockchain.
It now uses a proof-of-stake model, which helps it process transactions quickly and efficiently.
It hasnt taken off like Coinbase has, but its still good.
Tether (USDT)
Tether is one of the most well-known stablecoins.
These guys operate like a small country.
They buy up government debt.
I think somewhere around $80 billion in Treasury bills at the moment.
So if you want something simple with as little smart contract risk as possible, its a decent option.
Solana (SOL)
Renowned for its high-speed blockchain and low transaction costs,Solanaexcels in DeFi projects.
Since its launch in 2017, this altcoin has grown rapidly, attracting millions of users and developers.
Its the fourth-largest cryptocurrency by market cap.
Ripple (XRP)
XRPis the token used on the XRP Ledger, a payment platform created by Ripple.
XRP aims to make international payments faster and cheaper, especially for banks and financial institutions.
Ripple is a fine project.
I like everything theyre trying to do.
However, the constant battle with the SEC isnt a good look.
And thats the thing investors look at.
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