Over the last decade or so, we’ve seen digital assets and cryptocurrency, in general, become more mainstream in discussions. People in the world’s biggest crisis zones are increasingly resorting to cryptocurrencies like bitcoin, which have soared in value and are backed by super-rich investors. Online searches for Bitcoin, Ethereum, and Dogecoin have increased in Libya, Syria, and Palestine, and other mainstream countries like India, Mexico, Brazil, etc. displacing the traditional focus on stock markets and safe-haven investments in gold and real estate. Since the epidemic, word about the new breed of digital currencies has spread over the world, prompting consumers to turn to them as a source of credit when banks have proven unwilling to lend. And it is not just Bitcoin that should be credited for this. Digital currencies like Dogecoin, Cardano, Ethereum, XRP, have gained so much over the past few months, that they all can be called safe alternatives to Bitcoin. Altcoins have a major role to play in the global crypto market cap crossing $2 trillion. Altcoins on a Long Run It should come as no surprise that the demand for Altcoins will skyrocket in 2021. As more people turn to alternative forms of income, the cryptocurrency market has experienced unprecedented demand. Though Bitcoin has always attracted attention from all corners, other cryptocurrencies have the potential to become part of your investment portfolio. Apart from Bitcoin, all other cryptocurrencies are referred to as Altcoins. It makes perfect sense to look at the top 10 Altcoins to buy now that a lot of large players in the industry and other investors are expressing keen interest in Altcoins. Cryptoknowmics brings you the top 10 Altcoins to invest in July 2021. Top 10 Altcoins for July 2021 So far, 2021 has produced a plethora of intriguing altcoins and cryptocurrencies that are swiftly recovering from this year’s crypto meltdown. Cryptocurrencies continue to generate a lot of press due to their ups and downs. There has never been a better moment to invest in cryptocurrencies than now. Keep an eye on these ten Altcoins, since market analysts have high hopes for them. There are other cryptocurrencies beyond Bitcoin to diversify your portfolio, whether you are an experienced investor or a beginner investor making your first buy. Note: Altcoins are not given in any particular order, and the price and market cap of all the tokens are as per the research for the article. Cardano (ADA) Cardano is one of the top five cryptocurrencies in terms of market capitalization. Its network is one of the most technologically advanced cryptocurrencies to date, with a market valuation of $45 billion. It operates more efficiently because it employs a proof-of-stake system rather than a proof-of-work method. Cardano is a low-cost cryptocurrency with a lot of potential because it uses smart contracts and is a more advanced version of several other cryptocurrencies. The token is currently trading at $1.43. Apart from this, Cardano has been gaining a lot of praise from the crypto community. Cardano has set lofty aspirations for itself by 2026, including onboarding 50 banks and collaborating with ten Fortune 500 corporations. In addition, the goal for the next few years is to have over one billion consumers using the blockchain. Frederik Gregaard, the Foundation’s CEO, emphasized the necessity of large businesses recognizing the native digital asset and noted that onboarding 50 banks with ADA is one of the most important segments the firm would work on in the next year and a half. Apart from this Grayscale, the world’s largest crypto asset management firm, is adding Cardano support to its investing services (ADA). Cardano’s next few months will be crucial as it takes the first steps toward smart contracts. Input-Output Hong Kong, one of the Cardano blockchain’s founding organizations, has announced the deployment of a testnet for Cardano’s Alonzo update. Alonzo is the next step in a series of Cardano blockchain updates that will include new features like smart contracts and the ability to construct a decentralized finance industry. This is why you need to keep an eye on this token. AAVE This token holds a lot of potential this month. The price of the token is $323.52, with a global market of $4 billion. Crypto has a lot to penetrate the public sphere. This month, Aave is set to launch its institutional investor platform. The rollout will be done in collaboration with Fireblocks, a crypto custodian and service provider, as previously announced. Aave has received attention from various mainstream trading platforms. Compound’s COMP and Decentraland MANA, and DeFi assets Aave and Yearn. Finance has been added to eToro, a leading multi-asset investment platform. With the recent recovery that the crypto market is witnessing right now, AAVE has good hands to play in that. Aave and Compound, two prominent market players, have taken … Continued
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