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3 Incredible Altcoins to Watch out for in 2020 and 2021
Since the inception of Bitcoin in 2008, there has been a spike in the hype surrounding cryptocurrencies and blockchain. Though Bitcoin has dominated the market, more cryptocurrencies come into the market daily, with over 20000 digital currencies circulating the crypto world.
A new era is in play for safer, sustainable, and profitable solutions for financial and investment spheres. More cryptocurrencies mean more options for multitudes fascinated by this dimension, which proves the typical notion that only big players can trade in crypto wrong.
It is vital to note which cryptos are worth tracking in such a surplus and which could end up as a lousy selection. This article will shed light on some of the coins foretelling avid capabilities and their key features, so stay tuned.
Kava
Kava is a DeFi lending system that seeks to collateralize a user’s assets for different digital currencies. The project under Kava labs supporting cross-chain CDP has a market cap of $78,559,890, trading above $2.000.
The platform uses two servicing criteria; Kava tokens for voting and ownership and a USDX stable coin for digital assets collateral.
Based on governance, Kava owners get exclusive rights to vote on the criteria for changing the blockchain protocol. In addition, and moves assets and currencies to different blockchains through a swap feature through Kava.
Kava powers its system with the Proof of Stake protocol, allowing users to stake their tokens and act as block validators. Kava listings are on a few exchanges, including Binance, Kraken, Gate.io, and Bilaxy trading against BNB, BTC, and USDT. Besides, it has great support from other major players, including Ripple and Cosmos.
ChainLink (LINK)
The DeFi-based coin has received a lot of hype in the news lately, holding a place among the top ten cryptocurrencies. Trading at $7.60 at the time of writing, LINK has a market cap of $2,659,980,734. The coin under the ChainLink decentralized oracle network aims to join smart contracts with real-world data for increased efficiency.
Nodes in the system get rewards for data they provide while earning larger contracts for legit information and losing tokens for inaccurate information. In addition, smart contracts get support from the Ethereum blockchain; hence, oracles are connected to the network.
LINK listings are on over 50 exchanges globally, including Binance, Kraken, OKEx, Coinbase pro, Bitmax, Bithumb, Bilaxy, and DigiFinex, to mention but a few. The coin trades against some coins, including BTC, ETH, BNB, USD, USDT, BUSD, and BCH. Safe to say, the future is bright for the currency in the coming days.
DIVI
DIVI is a Proof of Stake project launched in September 2018 with a current market cap of $122,139,403. DIVI has a slogan of “Crypto Made Easy,” focusing on offering users a user-friendly environment with minimal errors.
Its blockchain feature records every transaction information and opens opportunities for accessing usernames and users’ photos. Other features that catch the eye include the utilization of atomic swaps, multi-coin wallet, and an advanced governance system.
The system contains a lottery rewards system that randomly selects winners after producing new blocks. It also runs through a multi-layered masternode network with a straightforward setup using its MOCCI system. Nodes run through the system over time, and users get payments for continuously doing that.
Users can further earn staking rewards through PoS algorithms. However, users must deposit at least 10,000 Divi, have good internet connectivity, and leave their wallets open to get this income. The platform is listed in various exchanges, including Bitrue, Bithumb Global, Stex, and Crex24, while trading against BTC, USDT, and XRP.
Conclusion
These are a few coins on the same track with a rise in cryptocurrency innovations and adoptions. Increasing demand in crypto trade invokes a simultaneous increase in the number of coins entering the market. Though some are disappointing and linked to major Ponzi schemes, others show the need to have cryptos in our daily lives.
Although some of the coins mentioned earlier are not the top trader’s choice, they show great potential in the market for days to come. They all hold a high percentage of ROI, a nearly limitless supply of their coins, liquidity, and sustainability. Time will tell where they fall in the coming trades as far as cryptocurrencies are concerned.