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Away from Bitcoin and Ethereum- Which cryptos do I have to buy now?

 


Cryptocurrencies are currently in a bear market. Many of the currencies lost massively in value in the past few weeks. For example, the prices of Bitcoin and Ethereum have divided in three in recent months. Altcoins like Binance, Cardano and Solana also got hit hard. Although the crypto courses are currently falling like ripe apples from the trees, it is still worth taking a look at exciting crypto projects for the future, especially now. Away from Bitcoin, Ethereum and Co, there are currently great opportunities to invest in the future of the crypto industry. We will show you which cryptocurrencies and projects can help shape the future of the industry.


Avalanche

Avalanche is comparable to Ethereum- A smart contract platform that offers the possibility for decentralized applications. The difference with Ethereum is that Avalanche uses a different consensus mechanism. Avalanche relies on a connection of three different blockchains. These should lead to achieving the magic triangle of the blockchain, which combines the points of security, decentralization and scalability. This makes transactions faster, cheaper and more environmentally friendly compared to Ethereum. An all-rounder coin that aims to knock Ethereum off its throne.

The future of the internet is decentralized. Metaverse coins like The Sandbox or Decentraland have been offering working metaverses for years. If the trend picks up speed, the two coins could also benefit. Those who want to invest in Decentraland do so via the token mana or land. In The Sandbox you invest with the currency "sand". Both coins are the means of payment for their respective virtual worlds. In contrast to Zuckerberg's meta-vision, however, both metaverses are primarily to be found in the gaming sector.

MakerDao

MakerDao is a Decentralized Finance stablecoin. As a private individual, you can use MakerDao to grant loans and thus earn money through interest income. As the owner of MakerDao, you have the right to actively participate and have a say in the development of the Dao. The goal is to become fully autonomous. Over 400 providers are now using the "Dai" coin. The growing ecosystem could become one of the most important stable coins of the future and further advance decentralized finance.


Phantom

Like Avalanche, Fantom wants to compete with Ethereum. Fantom wants to build an ecosystem similar to Ethereum, but at a much lower cost. In addition, the transactions should be faster than with Ethereum. Fulfilling the magic blockchain triangle is also a priority. Fantom wants to ensure security, decentralization and scalability through a so-called Lachesis protocol on the proof-of-stake network. A new, independent blockchain is created for each new application. As a governance token, fantom investors, like Dai, can influence the future course of the platform.

Phantom (FTM)


Polygon

Polygon does not want to compete with the Ethereum network, but to improve it. Above all, the scalability of Ethereum should be improved by Polygon. In addition, the interaction between the Ethereum and other blockchains should be improved. In the future, Polygon wants to offer DApps and decentralized finance applications cost-effectively on the Ethereum blockchain. Due to the many different visions of the future and applications, Polygon is nicknamed the "Internet of Blockchains".

Technically, the improvement of the Ethereum network is possible through sidechains provided by Polygon. So if you want to benefit from Etherum market leadership, but see the technical difficulties of Ethereum as a risk, you could invest in Polygon. The big advantage of Polygon: The largest trading platform for NFTs, OpenSea, also accepts the coin.

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