The 5 Best Altcoins To Buy Now For Future Profits

Cryptocurrency symbol Last traded price (August 29) Market capitalization
ether ETH $ 3,180.98 $ 373,546,693,409
Chain link SHORTCUT $ 25.50 $ 11,438,608,047
Uniswap UNIVERSITY $ 26.28 $ 16,103,393,192
Speckle POINT $ 25.54 $ 25,260,127,975
Aave AAVE $ 358.44 $ 4,712,444,011

ether

Ethereum is a smart contracts platform that hosts the majority of today’s major decentralized apps (DApps). Although Bitcoin was the first cryptocurrency, Ethereum is the blockchain that collects and manages data and hosts a variety of apps.

So why are we predicting Ethereum will skyrocket this year? Lets see what happens. The London Hard Fork update came this month, complete with its five EIPs. The update, which promised lower transaction costs and a deflationary mechanism, was answered by the ETH with an enormous bull run. In addition, the excitement surrounding Ethereum 2.0 is also driving the price up. Who knows how much ETH will go up after the transfer is complete.

Chain link (LINK)

Chain link (LINK)

Chainlink is an Ethereum-based decentralized blockchain oracle network. The network aims to make it easier to move tamper-proof data from off-chain sources to smart contracts on the blockchain.

Chainlink’s LINK token is an ERC677 token that is an extension of the ERC20 standard. Tokens serve as data payloads and deliver critical data from off-chain sources to smart contracts, which then operate in accordance with the content of the token. [5] [a better source is required] The trade value generated from these tokens is used, according to Chainlink, to pay node operators for access to data from smart contracts as well as payments from node operators at the request of contract designers. Since the ERC677 token retains all the functions of an ERC20 token, it can be stored in any ERC20 wallet.

Unit exchange (UNI)

Unit exchange (UNI)

The governance token of the decentralized cryptocurrency exchange Uniswap is Uniswap. To understand how it works and whether the token is worth buying, we first need to understand decentralized exchanges or DEXs.

Uniswap is a decentralized exchange (DEX) based on Ethereum, which mainly trades cryptocurrencies and other tokens. DEXs are the next big thing in cryptocurrency trading, especially given the recent issues surrounding centralized cryptocurrency exchanges like Binance. Decentralized solutions are becoming increasingly popular with users to bypass the middleman and take control of their affairs.

Polkadot (DOT)

Polkadot (DOT)

Polkadot, a relative newcomer to the crypto industry, has already amazed crypto traders around the world. Polkadot was launched in August 2020 and quickly rose to become one of the top 5 cryptocurrencies where it has stayed since then.

The main goal of Polkadot is to enable cross-chain transfers. In this way, it enables a range of assets, not just crypto, to be shared between multiple blockchains. As confident as we are that cryptocurrencies will be a part of the future, we are equally confident that multi-chain will be the next big thing in blockchain technology.

Aave (AAVE)

Aave (AAVE)

Aave is a decentralized financial system that enables people to lend and borrow digital assets.

Decentralized lending is expected to have a higher interest rate than centralized lending. It also offers more privacy and security. Depositing digital assets into properly designed pools of liquidity enables lenders to earn interest. Borrowers can then use this liquidity to take out flash loans using their bitcoin as collateral.

AAVE is the network’s governance token and offers its holders discounted platform costs. With the switch to decentralized finance and digital banking, this seems to have a lot of potential.

Disclaimer of liability

Disclaimer of liability

The information on this website does not constitute investment advice, financial advice, trading advice or any other type of advice and you should not regard any of its contents as such. Goodreturns.in does not recommend that you buy, sell, or hold cryptocurrencies. Before making any investment decisions, do your own due diligence and speak to your financial advisor.