What small market cap altcoins are worth investing in 2021?
Here are five altcoins you should consider adding to your portfolio.
Shiba Inu (SHIB)
Like Dogecoin, Shiba Inu’s success is a testament to its branding, including its name and logo. Investors who missed out on the big Dogecoin rally have been treated to an encore performance by Shiba Inu in recent weeks. Since its creation in August 2020, the altcoin’s price has risen exponentially. Its developers have launched the ShibaSwap decentralized exchange, which provides financial services for its user community.
Stellar is a network developed by Stellar Development Foundation in 2014 for the purpose of connecting large banks, payment systems and financial institutions while facilitating large transactions instantly and at a low cost. Stellar’s cryptocurrency is actually called the Lumen, which trades under the symbol XLM. The Lumen’s price has skyrocketed in the past five years, bringing its market cap to more than $9 billion and making it one of the 25 most-valuable cryptocurrencies.
The Polkadot blockchain launched in 2020 and was developed by Ethereum (ETH) co-founder Gavin Wood. Polkadot operates a main network blockchain where transactions are permanent. However, its unique feature is that it also operates “parachains,” user-created blockchains that can be customized but still benefit from the same security measures as the main chain. In that sense, users can customize different parachains for different uses, but the network only requires enough computing resources to operate the main chain.
Litecoin was created back in 2011 by former Google engineer Charlie Lee, who now works for Coinbase Global Inc. Litecoin’s long history and high-profile developer give the crypto a degree of credibility relative to many of the newer altcoins. Lee essentially created Litecoin to be to Bitcoin what silver is to gold. The biggest advantage Litecoin has over Bitcoin is its faster block generation rate, which allows for shorter transaction confirmation times.
Bitcoin Cash (BCH)
Bitcoin Cash was created via a hard fork in the Bitcoin blockchain back in 2017 in an attempt to address Bitcoin’s transaction speed issues. The fork occurred when members of the Bitcoin community could not agree on a potential change to the size of Bitcoin blocks. Bitcoin Cash’s initial 8-megabyte block size was eight times larger than Bitcoin’s, a change that supporters believed would ultimately help Bitcoin Cash at scale.
You should also consider Filecoin
The Filecoin network rewards miners for creating new decentralized data storage, which becomes an actual product that you can sell. Filecoin’s peer-to-peer network is much more efficient and secure than centralized servers. Filecoin’s network also achieves staggering economies of scale by allowing anyone to participate as a storage provider and compete for cloud storage business.
Which is better – mining Filecoin or purchasing Filecoin?
While the initial investment for a mining machine may seem high, mining new Filecoin is usually much less expensive than it is to purchase it at the market price.
Cloud Rush currently offers eight mining plans, each with a very low entry price. Each plan is based on the amount of digital storage you want to create on the Filecoin network. Plans range from 16 terabytes to 1 petabyte. (Custom plans are also available.)
Are you in?
Many market watchers are bullish on Filecoin. Contact Cloud Rush today so you can start your Filecoin mining business. For a FREE digital currency consultation, call 626-779-2116 or ConsultCR@CloudRush.io.
Disclaimer: This blog is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.