The crypto boom has been intense. At this point, given how far and fast Bitcoin (CCC:BTC-USD) has moved this year, it makes more sense to buy some other altcoins. Moreover, it’s more likely that Bitcoin will not rise as fast as other cryptocurrencies, given its sheer market capitalization size (about $1 trillion). Lastly, other cryptos have potentially more appealing traits, such as no mining, dividends, and more useful blockchain characteristics.
As a result, I have put together a short list describing seven non-Bitcoin alternative cryptocurrencies in which investors might consider investing. These altcoins could, as a group, make a good deal more money than just an investment in Bitcoin.
But don’t overdo it. Altcoins like these should only be a set portion of one’s portfolio. As the last several weeks have shown, they can be quite volatile. But, over the long term, there is a good chance they will outperform Bitcoin.
My choices for the top altcoins are:
Coincidently, each of the cryptocurrencies, except for Dogecoin and VeChain, can be bought by setting up an account at Coinbase (NASDAQ:COIN). Coinbase is the largest crypto exchange and wallet. I believe that Dogecoin and VeChain are under consideration by Coinbase for trading in the near future.
Let’s dive in and look at these alt-coins.
Altcoins: Ethereum (ETH-USD)
Market Capitalization: $296 billion
Ethereum is the second-largest crypto after Bitcoin. But it has significantly outperformed Bitcoin.