If several years ago in cryptocurrency world there is only one currency — bitcoin, now it is more than 150 types of currencies that also call altcoins. The number of altcoins continues to grow every day. For newcomers, it can be difficult to choose the right currency, because not only the price should be decisive. There are so many factors that you need to consider starting work with cryptocurrencies, because trading is so risky and to fail with it is so awful situation.
Before you want to buy altcoin it will be reasonable to know what it is.
Altcoin is the alternative to the most popular currency bitcoin. Most of the altcoins are created on blockchain technology. This technology is safer and supports effective ways of transacting deals.
Here is the list of the best altcoins to invest in and their characteristics that you should know not to lose money.
Table of Contents
LTO Network
LTO Network (LTO) is the unit of account of a hybrid blockchain platform with Business-to-Business functions. By combining private chains and the public Leased-Proof-of-Stake blockchain, the LTO network provides blockchain solutions that are GDPR-compliant.
LTO currency has a stable rate and is considered one of the best cryptocurrencies.
If you don’t know what altcoin to buy, you can pay attention to LTO.
Features of LTO:
- Fast. LTO Network has an instant reaction to each transaction.
- GDPR support. All users’ information is protected and nobody can transfer transactions.
- Stable situation. LTO is developing step by step and hasn’t sharp jumps neither in price nor in changes.
CloakCoin (CLOAK)
CloakСoin starts its own story in June 2014. After complaints on cheating, it had a pause and restart the work in October with a new team of developers.
Now CloakCoin is an open-source cryptocurrency and a worldwide payment system. CloakCoin is one of the first decentralized concepts in the crypto reactive market.
ClockCoin is private and secure. The coin implements a routing system that fully protects the identification of users participating in transactions. No one can trace the identity of either the sender or the recipient and therefore the whole process is mitigated from fraud and exploitation.
One more feature that users like is fast transactions. CloakCoin allows you to make the fastest transactions among all digital cryptocurrencies available in the world.
Dogecoin (DOGE)
Dogecoin may be one of the funniest cryptocurrencies because of its story. If you don’t know it, let me tell you about the story. DOGE was created as a joke on meme with Shiba Inu dog.
The main goal of its development is to make the world of cryptocurrency not so serious. Nobody thinks even the creator that this currency will become popular. Thanks to Elon Musk for the popularity of Dogecoin.
Elon Musk is interested in cryptocurrency but doesn’t invest in it. But time has passed, and the situation has changed in 2021. The company of Elon has invested $1.5bn into BTC. The Dogecoin is supported by constant mentions in Elon Musk’s Twitter.
Such a case proves that no one cryptocurrency should not be forgotten before its time.
NEO (NEO)
This is also one of the good altcoins that have headquarters that often wonder users because the government of China doesn’t support cryptocurrency.
The main goal of developers of NEO is to create a new smart digital economy. Its structure helps to make transactions easier and safe, which is appreciated by its users.
Dash
Dash is digital money that allows paying for goods and services and transfer them to others. Dash helps to make operations quicker and safe than other altcoins. A distinctive feature of this altcoin is the ability to use it in real life. The main goal of Dash creators is to penetrate into all areas of life and will get an army of users all over the world. This currency has great potential and all reasons to be bought. Buy altcoin and start earning money.
Last words
There are not all altcoins that exist in the crypto world. You can use this list if you don’t know what altcoins to buy. Each item on the list is worth your attention, choose one or several and start looking for details about how to buy altcoins safe and effective.
Have you decided what altcoins to buy? Share your thoughts in the comments below.
About Carson Derrow
