Even the hottest flames must start with a tiny spark or the strike of a match. The cryptocurrency altcoins that are blazing new trails today were once coins that few paid close attention to, in favor of Bitcoin, Ethereum, and others instead.
But out of nowhere, certain altcoins have risen the ranks of the cryptocurrency market top ten and spread like wildfire in terms of the FOMO that surrounds each asset. With traders clamoring for more access to such high octane altcoins, PrimeXBT has listed the likes of Solana, Polkadot, Dogecoin, Cardano, Chainlink, Uniswap, and XRP (also called Ripple).
This guide will explain why each coin has become some of the most sought-after assets in the digital asset class and why they are here to stay.
Crypto Becomes Pop Culture Icon As Altcoins Reach Stardom
The cryptocurrency market is now a cultural phenomenon. No longer are people searching on Google for phrases like “what is Bitcoin?” They are well aware of what Bitcoin is and instead have become enamored with the rest of the asset class.
Blowing up even bigger than Bitcoin has is Ethereum – the top-ranked altcoin by market cap. Right behind Bitcoin, this cryptocurrency has the rest of the industry built on its back. The fever and FOMO surrounding NFTs and Defi have made Ethereum just as worthy of its place in the crypto market as Bitcoin, and other coins are starting to solidify their rightful place as elite assets.
Now ranked in third right behind Ethereum and Bitcoin is Cardano – a coin that was created by one of Ethereum’s co-founders and is coming for the top altcoin’s throat. Ethereum’s clunky and slow transaction speeds have resulted in blockchain bottlenecks and exorbitant ETH gas fees. An upgrade is being rolled out in phases to address the situation, but several “Ethereum killers” are all out for blood.
Next down the list of rising crypto tokens is XRP – which has regained its top ten status and is trying to reclaim the number three spot back from Cardano. The altcoin is back at $1, showing it is so bullish it can shake off any adversity.
Right at XRP’s back is Solana and Polkadot, each relative newcomers but offering alternative solutions to the bottlenecks that older blockchains face. Polkadot, for example, connects various blockchains, while Solana is said to be the fastest blockchain tech in existence.
Behind the blockchain behemoths follows a meme coin and a magical creature – Dogecoin and Uniswap. Now, this is where the cryptocurrency industry gets a little off track from the norm: A cryptocurrency created as a joke is now worth over $30 billion in market cap. The meme-based cryptocurrency has become a popular alternative to Bitcoin and Ethereum, priced at under $1. Investors hope the coin rises to that target someday, however.
UNI is the governance token to the Uniswap automated market-making platform and decentralized exchange, which allows the community to vote on protocol changes that the developers will later implement. The popular DeFi platform is trading more volume than other significant players each day and growing at an unstoppable pace.
Last, but most certainly not least, is Chainlink, which at one point made it all the way to the third-ranked spot of the top cryptocurrencies by market cap. Although the cryptocurrency has cooled off in 2021 as capital seeks higher growth coins, Chainlink was the fastest-growing asset two years running and will be so again eventually as money rotates around.
New Altcoins Listed On PrimeXBT Reach Legacy Status
Considering that each of these coins now has a legacy and so much can be said, it means that there is enough value for longevity and staying power. With more coins now respected across the finance industry, the award-winning PrimeXBT has listed all the coins mentioned above, all at once in the latest update.
According to a company blog post, the seven altcoins were listed with ten total trading pairs and can be traded at 1:20 leverage. Covesting strategy managers also can access the altcoins, albeit with 1:10 leverage. PrimeXBT margin and Covesting strategy manager accounts let novices and professionals alike trade oil with Bitcoin, Ethereum or stablecoins, and access other markets like forex, stock indices, commodities, and crypto.
PrimeXBT offers innovation at every corner, from the built-in technical analysis tools to the Covesting copy trading module. With the Covesting copy trading module, strategy managers can profit from the newly listed altcoins or other trading instruments to rise the ranks of the fully transparent leaderboards. Followers can then pick from the massive list of more than 400 strategy managers and follow them to copy any trades they make. If successful, both the follower and strategy manager earn a cut, allowing the two to profit together at once.
A fully personalized experience is offered thanks to a dedicated account manager, and the user-friendly dashboard lets traders manage a diverse list of assets all from one account. The platform boasts bank-grade security, 24/7 live customer support, and reliable 99.9% uptime. Deposit accounts are further protected by two-factor authentication and compulsory address whitelisting.
The entire platform is available while on the go via a free smartphone app for Android and iOS devices, and the company is active on all social media platforms, so there are many ways to stay in touch with the award-winning brand known for its world-class trading tools.
Also known for its enormous list of more than 50 different trading instruments, including digital and traditional assets, PrimeXBT is always on the lookout for what opportunities might arise next. With these seven altcoins stealing the show from Bitcoin, Ethereum, and the rest of finance, demand became undeniable, and PrimeXBT responded to customer feedback with their latest rollout of assets.
The update is just one of many, with more to come, such as Covesting Yield Accounts slated for a release in only several weeks from now. When the tool makes its long-awaited debut, users will be able to access an unprecedented variable APY of up to 35%.
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