Here are best 5 #Altcoins to Invest in 2024/2025

- Ethereum

- Solana

- Dot

- BNB

- XRP

#AltcoinMomentum Altcoins are generally defined as all cryptocurrencies other than Bitcoin (BTC). People consider altcoins to be all cryptocurrencies other than Bitcoin and Ethereum (ETH)

Bitcoin was the first peer-to-peer digital currency that brought cryptocurrency to the fore. After the success of Bitcoins, several other cryptocurrencies emerged. Together they are called Altcoins. Since erupting from the same framework of Bitcoin, Altcoins share several similar features, with slight differences, which we will discuss eventually.

Most Altcoins are peer-to-peer and depend on the process of mining, but they still vary widely in features.

Bitcoin is the first cryptocurrency responsible for setting the benchmark in the market. However, its implementation has several shortcomings, like using Proof-of-Work (POW) – the consensus mechanism used to create blocks in Bitcoin transactions – is energy-intensive and slow processing. Altcoins improved the limitations of Bitcoin and set a competitive advantage. For instance, several altcoins use the Proof-of-Stake (POS) consensus method, a better alternative to POW in energy consumption and speed.

Altcoins have also tried to fix the price volatility issue of Bitcoin. For instance, Stablecoin doesn’t exhibit price volatility like Bitcoin, making it an ideal tool for daily transactions.