5 Best Altcoins to Buy This Season

This season, people and investors are looking to some alternative cryptocurrencies (or altcoins) for building a robust and profitable portfolio. With high liquidity, fast market speeds and low entry cost, altcoins have plenty of potential for long-term gains. To ensure you take advantage of an opportunity, here are the five best altcoins to buy this season.

1. Litecoin (LTC)

Litecoin is the oldest currency out there, launched in 2011. There’re incentives for Litecoin mining: the first miner who successfully verifies the block can be rewarded with over 12.5 Litecoins. Like Bitcoin, the number of Litecoins rewarded for this task decreases with time. In 2019, this was halved, and halving can continue at regular intervals till 84,000,000th Litecoin gets mined. The Litecoin Foundation estimates that it can be over 2142 when a maximum of over 84 million Litecoins can be reached. This currency is built on the same framework as Bitcoin and features quicker transaction times, low fees and strong network stability. Although its price is usually low compared to Bitcoin, it's widely known and readily available, making it an excellent starting point for newcomers.

2. Ethereum (ETH)

Ethereum provides a flexible network where you can build decentralized apps using Solidity scripting language & Ethereum Virtual Machine. The decentralized app developers who deploy intelligent contracts on Ethereum benefit from its rich ecosystem of developer tooling & established top practices, which have come with the maturity of this protocol. The maturity extends to the user experience and quality for an average user of the Ethereum apps. Wallets offer accessible interfaces by which you can interact with the blockchain & intelligent contracts deployed over there. Ethereum is known for its blockchain smart contracts that can automate many operations in various industries. The coin is the world's second-largest cryptocurrency, with a daily trading volume that puts it right next to Bitcoin. Ethereum's massive growth potential makes it an excellent asset for investors.

3. Cardano (ADA)

Cardano is a third-generation cryptocurrency created by global researchers and scientists. It's focused on solving complex technical problems related to blockchain networks and crypto-economics. Although its price isn't that high compared to other coins, its potential for becoming the most used crypto in the world makes it an excellent long-term investment. Like the ETH blockchain’s cryptocurrency, even the Cardano blockchain’s cryptocurrency, ADA can be bought and sold through exchanges. Today, ADA is used to store its value (as a part of the investment portfolio), for sending & receiving the payments, or for staking & paying the transaction fees on a Cardano network.

4. Monero (XMR)

Monero is an open-source cryptocurrency designed for privacy, untraceability and scalability. Its untraceability feature makes it stand out from the other altcoins, making it ideal for darknet activities, and it has led to a strong growth potential. Unlike transparent alternatives, Monero is the only primary digital currency where each user is anonymous. Even the sender, the receiver, and the amount of every transaction will be hidden using three essential technologies: Ring Signatures, Stealth Addresses, and RingCT.

5. NEO (NEO)

NEO is an Ethereum-like blockchain-based platform created in 2014 by Chinese developers. Its core idea is to create a distributed network of applications that can provide users with an unparalleled user experience and decentralize existing financial processes. This asset has the potential to revolutionize traditional industries, which is why many believe it could become one of the leading altcoins in the world.

Overall, there are lots of exciting altcoins to invest in this season. From Ethereum and Litecoin to Cardano and Monero has some benefits. While they all have the potential to generate significant returns, it's important to remember that with every investment comes risk. As always, investors should do their due diligence and understand all the risks of altcoins before investing. Given are some of the best altcoins alternatives that you can consider using; all of them are well-known and can provide a good return on investment; check them out now. These are some of the top 5 altcoins that you can consider to buy this season, they are high popular and stable. Just ensure you check their current market rates and other options to make a right decision.

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