7 Best Cryptos That Aren’t Bitcoin [2023 Roundup]
Bitcoin is known as the best cryptocurrency on the market. There is no doubt – it has set the standard for other coins on the market. However, potential buyers should consider other crypto assets, rather than just focusing on buying Bitcoin. While it is known as the most lucrative coin on the market, plenty of good alternatives exist.
Even though owning Bitcoin is a wise investment, not everyone can afford the King Coin. Instead, you can diversify your portfolio by choosing other digital currencies. There are so many new cryptocurrencies that might suit your investment style. Today, we want to help investors find new digital assets and help them grow their portfolios.
TLDR Sum Up – Our Best Cryptocurrency List
We have hand-picked seven digital currencies worth investing in. If you are in a rush, you can check our selection below:
- Binance Coin
Each of these digital currencies, from Cardano to Ethereum, offers potential buyers unique trading options. So, if you’re prepared to diversify your cryptocurrency holdings, keep reading to learn about the intriguing options outside of Bitcoin! We’ll explain each of these digital assets and where you can safely buy them in the next few paragraphs. Who knows, maybe the best cryptocurrency is completely different for you. You can check the recent pricing of the above coins at CoinMarketCap.
- Ethereum (ETH)
Ethereum is known as the pioneer of smart contracts. It caught the attention of investors for its technological innovations. Specifically, when you buy Ethereum, you don’t just buy a digital currency. Unlike Bitcoin, this coin gives you access to the Ethereum blockchain, where you can develop decentralized applications called dApps.
Due to these distinctive traits, Ethereum has become the preferred option for projects looking to develop non-fungible tokens (NFTs) and decentralized finance (DeFi) applications. Ethereum continues to be among the finest Bitcoin alternatives thanks to its robust ecosystem and stable basis. What about its pricing? In the last year, Ethereum has been doing well, with its price increasing by over 50%, which is excellent news.
- Cardano (ADA)
A team of scholars and engineers developed Cardano (ADA) and offered a unique marketing point, focusing on the scientific and research-driven approach. Like Ethereum, Cardano has a blockchain where people can safely trade their ADA. Cardano aims to provide a more resilient and sustainable blockchain solution by emphasising peer-reviewed research. It means that every member of the blockchain can approve or reject transactions.
Many people are interested in its native crypto, ADA, because of its potential long-term growth. In the last year, however, the native token hasn’t been doing especially well, suffering a price decrease of 40%. However, if you are thinking of buying this digital asset, keep in mind that the crypto market is famously volatile, and this price could change in a matter of days!
- Solana (SOL)
Solana is another blockchain technology that aims to increase user capacity. It strives to do so through fast transactions, even faster settlement times, and a flexible structure. The SOL cryptocurrency is essential for the upkeep and operation of the Solana ecosystem. It is used to carry out smart contracts, send transactions, and reward members who support the network. In this concept, it is very similar to Ethereum and Cardano. Users who hold SOL tokens can also access the range of projects developed on the Solana network.
- Binance Coin (BNB)
Binance coin is the native token of the Binance crypto exchange. It is known as one of the biggest and most established global exchanges. Within the Binance ecosystem, BNB provides several benefits, such as waived trading fees, access to special features, and participation in token sales. The demand for BNB is constantly increasing as the company is working towards expanding its services. It’s an attractive option for investors that want to join the crypto market for the first time.
- Dogecoin (DOGE)
Such coin, much wow! It might be surprising to find Dogecoin the best cryptocurrency list. However, in the crypto space, this is known as one of the first meme coins, and it was released back in 2013. It boomed when Elon Musk invested over 300 million a few years ago. Today, it is most popular as a crypto tipping method you can send to popular content creators, such as YouTubers and podcasters. Doge coin’s signature mascot, the Shiba Inu dog, was the main reason it became a popular cryptocurrency. The dog is the face of tons of memes, and for a long time, it was a massive trend on Twitter.
6. Litecoin (LTC)
Next on our list of the best crypto that isn’t Bitcoin comes Litecoin. In terms of being the best cryptocurrency, it certainly comes close to its contender. It is commonly referred to as Bitcoin’s “silver”. The concept behind creating it was to offer faster block generation, beating Bitcoin’s infamously slow speed (1 block per 10 minutes). Litecoin was developed by Charlie Lee, a former Google engineer, who wanted to experiment with new technology (now called a hashing algorithm).
So did his idea work? – Absolutely. Litecoin’s block processing time is 2.5 minutes. This and several other updates provide more scalability and faster transaction confirmations. Today, Litecoin continues to be a preferred option for investors thanks to its well-established reputation and robust community support. In the last year, Litecoin’s price has gone up nearly 100%, so it is a great investment for individual investors.
7. Chainlink (LINK)
Chainlink came out in 2017 intending to fill the gap smart contracts lack. It served as a bridge between these contracts and external data. These bridges, known as “oracles,” have opened new opportunities for the business and finance sectors. Courtesy of Chainlink, it is now possible for dApps to access and use off-chain data. Chainlink’s role in providing secure data flows is essential as smart contracts are gaining popularity. So how would buying LINK be useful to you? Well, many developers need it to get access to external data sources. It’s a good investment to sell at P2P exchanges.
Where to Safely Buy Cryptocurrencies
Now that you are familiar with our best cryptocurrency list, you might wonder where to purchase these assets. You can buy them at crypto exchanges or through crypto brokers. If you choose a crypto exchange, you should set aside time to ensure the fees and features suit your budget and taste. Most importantly, you must ensure your chosen crypto exchanges are safe and secure. As you might imagine, this can be a time-consuming task for new crypto traders.
There are hundreds of exchanges available and even more illegitimate websites. Instead of sifting through the dodgy ones to find legit markets, we recommend joining a brokerage like https://bitcoin-prime.net/. The platform will pair you with skilled brokers in your area, which can help you start trading digital currency. Moreover, these brokers can provide the best crypto prices, explain different asset classes, and help you navigate the crypto space.
The website uses artificial intelligence to help you connect with a suitable broker, and together you can utilise various trading tools. Additionally, brokers offer insight into crypto financial markets. They can also facilitate payments and help you diversify with various crypto assets. All this help can set you apart from other traders. Moreover, it can significantly increase your self-assurance as an investor.
In conclusion, a crypto broker can save you time and energy looking for a reliable crypto exchange and provide the support you may need as a beginner.
How to Diversify With the Above Digital Currency
Finally, we want to show you an idea of portfolio diversification using the above utility tokens and coins. We’ve also included a brief rationale for the allotted percentages:
- Ethereum (ETH): 25% – Ethereum is the most well-established. Therefore a large chunk will maintain a steady portfolio.
- Cardano (ADA): 20% – Giving Cardano a sizable portion of your portfolio opens up the possibility of long-term growth and development.
- Solana (SOL): 15% – SOL offers a potential for scalability and wide adoption that you can capture in the future, so allocate a smaller portion of your portfolio to it.
- Binance Coin (BNB): 15% – Next, a medium portion of your investment can go to BNB.
- Dogecoin (DOGE): 10% – We allotted a smaller amount to Dogecoin for those who enjoy short-term gains.
- Litecoin (LTC): 10% – LTC is synonymous with stability and growth, so anywhere between 10-15% is a good investment.
- Chainlink (LINK): 5% – Lastly, a smaller portion allows exposure to its potential as a bridge between blockchain and real-world applications.
Of course, if you want to build a portfolio according to your personal risk tolerance, seeking the assistance of a financial expert is your best option.
While Bitcoin remains the best cryptocurrency with the largest market cap, other digital currencies have great market value. Ethereum, Cardano, Solana, Binance Coin, Dogecoin, Litecoin, and Chainlink all offer unique investment opportunities. These digital currencies are all great alternatives to Bitcoin in their unique way. Before making any financial decisions, however, remember to conduct your research, stay informed, and evaluate your investing goals.
Note: Crowdwisdom360 collates Predictions and data from all over the net. Please consult a registered investment advisor to guide you on your financial decisions.