- Altcoins are here to stay and have huge growth potential for 2021.
- Top 5 altcoins that will blow up in 2021 are ETH, LINK, UNI, DOT, and AAVE.
Bitcoin may be king but altcoins are here to stay.
The word altcoin refers to any cryptocurrency other than Bitcoin. That’s right, Bitcoin’s first move was so powerful and revolutionary, that all coins that entered the market after it is in a separate category altogether.
However, there’s no reason to give up hope on altcoins. In fact, there are chances that many cryptocurrencies will grow larger in 2021, even enough to pose a challenge to Bitcoin’s reign as market-topper.
Ethereum (ETH)
Created in 2013, Ethereum is a smart contracts platform that hosts most major decentralized apps today. Bitcoin might be the first cryptocurrency but Ethereum is the blockchain that gathers and records data, as well as houses many different applications.
Ethereum’s London Hard Fork update arrived this month, complete with 5 EIPs. Promising to lower transaction fees as well as a deflationary mechanism, the update has already been followed by a massive bull run by ETH. Not just this, but the hype around