Altcoins are generally every coin that’s not Bitcoin (BTC). Going by this definition they constitute 99% of the market and Bitcoin is a standalone asset. However, Bitcoin dominates the market in terms of market cap. Bitcoin alone is over 40% of the cryptocurrency market value, and this dominance is exerted in price slump.
It explains why a price slump in bitcoin usually means a price slump in the cryptocurrency market as a whole. Also, bitcoin is regarded as the most secure form of crypto investment as it is less volatile compared to the rest of the market.
Nonetheless, it is this volatility that makes altcoins better crypto assets for profit. If you go for the right altcoins, you’ll be guaranteed much more profit than you can make from BTC. Big Eyes Coin (BIG), Polkadot (DOT), and Ripple (XRP) are altcoins mentioned in this article. While Polkadot and XRP are top crypto assets, Big Eyes Coin is a new meme coin with a much greater profitability potential.
Big Eyes is currently on presale, and because it offers early buyers an opportunity to buy below market price, it’s potentially the most promising altcoin on this list.
Polkadot and XRP - The Two Crypto Giants
Polkadot (DOT) is a multi-chain application platform that allows previously inconceivable cross-chain interoperability. Polkadot, in particular, enables users to transmit more than simply tokens between blockchains. The cryptocurrency market is heavily compartmentalized with solutions spread across various networks.
Polkadot provides interoperability solutions that allow isolated blockchain data islands to come together using patented technologies. Polkadot may transfer data from private blockchains to public networks and vice versa. The way Polkadot operates is unique to the chain and looks quite promising for the future.
XRP on the other hand is a cryptocurrency created by Ripple, an American company that develops payment protocols and exchange networks. XRP was created to help move financial databases across central institutions like banks to a more open infrastructure that operates significantly lower cost.
Ripple recently got into issues with the SEC as the commission filed a lawsuit against the company alleging that XRP broke securities law. The token has lost a lot of value since the case but with some hope on the horizon, investors are hoping for a comeback from the token.
You’re In For A Surprise With Big Eyes
