Cryptocurrency altcoins are a great way to boost your portfolio. However, finding the right altcoins can be a little tricky when every project in the market is claiming to be the next big thing. That being said, certain projects let their performance do the talking and more often than not, these are the projects where investors win big.
So as a beginner in the altcoin market, where should you start? Begin by looking at what cryptocurrencies have been performing best in the current market. To help kick start your search, we’ve done this for you, looking at each option’s potential to grow, its utility and future in the market.
With this in mind, here are the top cryptocurrency altcoins for beginners.
Collateral Network (COLT) Looks To Become A Top DeFi Presale
Collateral Network (COLT) is one of the fastest growing altcoins in the market. This innovative new project is expected to disrupt the pawnbroking industry, offering returns of 3500% for early investors.
Collateral Network (COLT) lets borrowers unlock funds from real-world assets that would normally be hard to liquidate. Collateral Network (COLT) does this by bringing assets on chain in the form of fractionalized NFTs. Each NFT is backed 1:1 by the physical asset, with current accepted assets covering real estate, supercards, art, watches and more.
Loans on Collateral Network (COLT) are provided by everyday cryptocurrency lenders, who loan money using NFT fractions. This way, lenders don’t need a huge amount of capital to get involved. Instead, they can generate a passive income based on what they can afford to lend.
During the loan process, cash can be received within 24 hours and all transactions are secure and confidential, never impacting a borrower’s credit rating. After the loan has been raised, the borrower will need to repay the lenders with interest to have their asset returned. If they fail to do this, the asset will be sold at a private auction for Collateral Network (COLT) token holders, at a discounted price.
Collateral Network (COLT) is currently in stage one of its presale, with one COLT token selling for $0.014. With the potential to disrupt one of the world’s most lucrative markets, analysts believe COLT tokens could surge to $0.35 during presale. This return, alongside several COLT token holder benefits has made Collateral Network (COLT) one of the most highly anticipated altcoins for new investors.
Ethereum (ETH) Trading Volume Up 61%
Ethereum (ETH) is the second largest cryptocurrency in the world by market cap and is used to power much of the DeFi market. The Ethereum (ETH) project recently released its Shanghai upgrade, which lets stakers withdraw their Ethereum (ETH) holdings and rewards for the first time since December 2020.
This upgrade is one of the largest in Ethereum (ETH) history, and is predicted to take the Ethereum (ETH) project to new highs. Just one day after its update, Ethereum (ETH) has increased in value by 5.83% breaking the $2,000 price barrier that formally held the Ethereum (ETH) project back. Now analysts are predicting huge Ethereum (ETH) price surges over the next few weeks following an increase in daily trading volume of 61%, with additional price increases for Ethereum (ETH) in the future.
Litecoin (LTC) Remains A Strong Bitcoin (BTC) Alternative
Litecoin (LTC) was originally created as a Bitcoin (BTC) alternative to prevent mining monopolization. While Litecoin (LTC) failed to achieve its initial goals, the Litecoin (LTC) project has become a strong Bitcoin (BTC) alternative, offering good returns at a more affordable price of $94.12.
Litecoin (LTC) is currently in the process of turning crypto mining green. With Litecoin (LTC) having recently partnered with Metalph Technology Holding Ltd (MATH), a leading DeFi wealth management business, Litecoin (LTC) aims to make its mining carbon neutral.
Through this partnership, Litecoin (LTC) will offer mining alternatives that utilize renewable energy sources, while reducing the number of carbon emissions throughout the mining process. Although Litecoin (LTC) doesn’t have the same reputation as Bitcoin (BTC), Litecoin (LTC) is on track to have an even greater influence on the market.
Polygon (MATIC) Improves Crypto Usability
Polygon (MATIC) is a relatively new cryptocurrency in the market. The Polygon (MATIC) project recently installed a new update called Zero Knowledge Ethereum Virtual Machine (zkEVM). This update lets Polygon (MATIC) become more scalable with extremely low transaction fees, high throughput and fast transaction times.
zkEVM itself is open source and lets any developer analyze its code. By doing this, developers can help speed up innovations throughout the Polygon (MATIC) ecosystem, helping the Polygon (MATIC) project rise as a market leader. However, despite this update, Polygon (MATIC) has decreased in price over the last month by 7.13%, with one Polygon (MATIC) token selling for $1.13.
Apecoin (APE) Makes Headlines On South Korean Exchange
ApeCoin (APE) is a leading memecoin used to power the Bored Ape Yacht Club (BAYC) DAO. The ApeCoin (APE) project was created by Yuga Labs, who plan to use ApeCoin (APE) for gaming, merchandise and voting rights.
In the last five days, Apecoin (APE) has gone viral on the South Korean exchange Upbit, after briefly surging to $90 per Apecoin (APE) token. For comparison, one ApeCoin (APE), at the time of writing, is selling at $5.54 on most exchanges.
This surge for ApeCoin (APE) was caused by a limitation of viable trading routes on Upbit, with BTC/APE being the only trading pair. Nonetheless, this price increase for ApeCoin (APE) caused a huge spike in trading volume, with over 4 million ApeCoin (APE) transactions taking place in just 24 hours.
Conclusion: Collateral Network (COLT) Stands Out As A Leading Altcoin
Although the altcoin market can be complex, investing in these cryptocurrency projects will help new investors build a strong portfolio. While each project on this list has potential, Collateral Network (COLT) is predicted to offer the highest returns according to analysts, with a 35x ROI for early investors, followed by additional surges once COLT tokens list on major exchanges.
With tokens currently selling at just $0.014, investors who get involved now will be more likely to profit from the Collateral Network (COLT) predicted growth throughout 2023.
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