3 altcoins that don’t suck

Anything coin that is not Bitcoin is considered an “altcoin”. With the recent downfalls of coins such as Titan, Ponzi schemes and scams are more prevalent than ever in the crypto world. Essentially, most of the coins that you are hearing and reading about are crap. This is why I recommend that you always do your own due diligence before buying any stock or coin. Now, there are REAL coins that provide REAL value. It is hard to determine which ones are not scams and which ones are legitimate. So here is a list of the coins that you might want to consider.

1) Ethereum (ETH)

With the rollout of EIP-1559 on the test net, we will see EIP-1559 be used on the main net. To simplify, Ethereum is becoming a deflationary asset by burning its coins. There will be less coins in circulation, thus creating upwards pressure on the price of Ethereum. Vitalik Buterin (Founder) is the visionary behind this beautiful functionality. In the last year, Ethereum is up over 700%. This is my top pick for altcoins.

2) Polygon (MATIC)

Polygon is built off of the Ethereum blockchain and aims to help increase scalability and infrastructure on Ethereum. Polygon created a network where decentralized applications can be launched easier, cheaper, and faster in a state where “DApps” are increasing in demand. Basically, it’s going to help Ethereum, so when Ethereum increases in price so does Polygon.

3) Cardano (ADA)

Cardano is currently outpacing Ethereum within the past year. Cardano is meant to be a competitor to Ethereum and was the first platform to use a proof-of-stake model versus a proof-of-work model such as Ethereum. Ethereum is transitioning into a proof-of-stake model, but Cardano already has this implemented into its blockchain and is ready to go. Plus, there’s a cult-like community behind Cardano similar to Bitcoin.

This list is oversimplified to help you begin to think and learn about crypto, maybe possibly invest. Now, there are plenty of other altcoins that you can make a bull case for. To list some of them include Chainlink, Uniswap, Compound, etc. The list would be extremely vast and this is where it gets confusing. Crypto itself is a new space and not yet established in the investing world. This is why it is important to keep your investing habits SIMPLE. If you are able to keep your investments simple, it will lead to a clearer vision, less stress, and less investments to worry about. This is psychological gold in the investment world. Always do your own research and due diligence as I am not a financial advisor.

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My blog: https://dailydan.org/f/3-altcoins-that-dont-suck-62521