Here are some of the best alternatives to bitcoin to buy in 2021, ranging from the most famous cryptocurrencies making headlines around the world to lesser-known digital currencies you might have never heard of.Ethereum {ETH}Launched in July 2015, Ethereum is the largest and most well-known open-ended decentralized software framework in the market.
In simple terms, it is a technology that lets you send cryptocurrency to anyone across the world for a nominal fee.Ethereum allows smart payment contracts and decentralized applications (Dapps) to be designed and operate without the need for any downtime, manipulation, influence, or third-party intervention allowing it for a wide range of possible uses, all of which are fueled by its native cryptographic token, ether itself.
The Binance coin is based on the Ethereum blockchain and adheres to the ERC 20 standards & comply with 2FA verification.Binance has a lot of room for improvement, but it caters to experienced users and offers hundreds of currency trading options to foreign traders.
It is one of the cheapest platforms to use currently & the biggest pros it offers for users are low fees, comprehensive charting options, and hundreds of cryptocurrencies supported.Price as on 4/15/2021 – $553.80Source: https://coinmarketcap.com/currencies/binance-coinXRPRipple’s digital asset- XRP, is said to be able to settle a payment in just four seconds and process 1,500 transactions per second!
To explain it better, Ripple is a real-time gross settlement system, currency exchange network & a remittance network specifically developed by Ripple Labs Inc.; a technology company headquartered in the United States.Being a contender of Bitcoin & continuing to gain ground, owing to the increasing adaptability and diverse applications – XRP positions fourth on the list of top virtual currencies by market cap, behind bitcoin.
It’s a smart contract platform that claims to solve the scaling issues of first-generation coins like bitcoin and second-generation coins like Ethereum via its advanced decentralized applications framework and protocols.