Alternative coins, or Altcoins, are becoming noteworthy investment choices in the ever-evolving and technologically rich landscape of cryptocurrencies. They represent all digital currencies other than Bitcoin. They were primarily created with the objective of addressing and enhancing the shortcomings of the original cryptocurrency or blockchain from which they originate.
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Promising Altcoins for 2024
Cardano (ADA) is a blockchain platform for smart contracts. Cardano’s token ADA is the world’s first peer-reviewed decentralized blockchain solution and ADA is the native cryptocurrency that powers that protocol.
Litecoin (LTC) was created in 2011 as a faster alternative, it has much in common with Bitcoin the upgrade being its speed. Litecoin block mining time was reduced to just 2.5 minutes, from Bitcoin’s 10 minutes down facilitating faster transaction confirmation times which is ideal for point-of-sale payments.
In addition to its speed, Litecoin maintains a high 0.95 correlation score with Bitcoin based on data from IntoTheBlock’s Matrix. This essentially means that Litecoin closely follows Bitcoin’s price movements, acting as a “sibling” crypto.
Chainlink (LINK) has emerged as one of the leading decentralized oracle networks, bridging the gap between smart contracts and real-world data. Chainlink operates as a middleware that connects blockchain-based smart contracts with external real-world data, such as baseball scores or stock prices Its function as an enabling mechanism for more complex smart contracts can contribute to a rise in its value.
Polkadot (DOT) is designed to be scalable & fast. Polkadot’s interoperability focus brings in different blockchains to interact and share information. This ability to ‘connect’ multiple cryptocurrencies could be a giant step towards a crypto ecosystem that is more integrated and functional.
Polkadot (DOT) uses a proof-of-stake consensus mechanism to secure the network and verify the transactions, along with it, it also creates and distributes new DOTs.
SuperNova by NFTFN
NFTFN is formed at the intersection of the best of the decentralized finance sector and the NFT market. With its flagship product SuperNova (SNV), NFTFN offers traders an NFT floor-price index, allowing them to hedge their positions on premium NFT collections.
SuperNova aims to provide low-cost exposure to premium NFTs such as Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Azuki, Doodles, and CloneX. By offering an NFT floor-price perpetual, traders will experience diversified exposure to the market & it will address the liquidity issues in the NFT ecosystem.
NFTFN’s innovative steps
- More Risk Management Tools: SuperNova empowers users with elegant risk management tools. This includes the ability to hedge positions on various blue-chip NFT collections.
- Strategic Partnerships: The crypto space stands on trust and credibility of its participants. NFTFN has bagged partnerships with notable industry players like Polygon and Binance Smart Chain, Google Cloud Platform, OpenSea, and BitsCrunch.
About NFTFN
NFTFN is a leading platform for trading various assets like Blue-Chip NFTs, Crypto, and Real-World Assets. Users can effortlessly opt for long or short positions on their preferred asset class, with investments starting from just $10, making it an ideal platform for traders of all interest and risk appetite levels.
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