When it comes to cryptocurrencies, Bitcoin has been the talk of the town for the past decade. However, as the crypto market has grown and matured over the years, there have been a lot of alternative coins that seem to be quite promising. If you are looking to buy one of these coins, researching what’s around you to trade is important. However, we’ve done the research for you: CoinSpot is the best cryptocurrency exchange in Australia that lets you buy most cryptocurrencies in the space.
In this article, we highlight four currencies that are making huge waves right now and have a huge potential in the future.
When it comes to one of the most promising projects in the crypto space, Cardano easily takes the cake. Cardano has been one of the top-performing cryptocurrencies in the market in the past year, and it is only just beginning its legacy. As they are heavily targeting the education, retail, and finance sector, it is only a matter of time that people are going to realise the importance of Cardano. Working on a proof of stake consensus as a direct competitor of Ethereum, if Cardano manages to fulfill its promises, it can easily flip Ether by market cap in the next few years.
The second highest cryptocurrency by market cap is Ethereum, and is easily one of the most useful projects in the space. Ethereum holds its importance in the market due to the fact that it is adopted by most currencies and projects, which are built using the Ethereum blockchain. While there are lots of other blockchains trying to compete with Ethereum, there is a good chance that it is going to remain the primary platform for most projects in the market, which is why it’s a must to have this coin in your portfolio.
Binance Coin (BNB)
Launched in 2017 by the largest centralised cryptocurrency exchange by volume known as Binance, its native coin BNB started seeing a lot of traction. BNB is used to pay a transaction fee on the Binance exchange, which is why its price has seen a continuous rise in the past few years. After ETH, BNB plans to provide massive adoption to the NFT marketplace, which means that the demand for BNB is only going to increase from here, making it a suitable investment in today’s trade world.
Last but not least, Chiliz is the leading blockchain fintech provider for sports and entertainment. If you are a participant of the Chiliz network and you own their native token CHZ, you can engage with your favorite club teams in different sports through their official platform known as socios. The socios websites allow fans to buy Fan Tokens of the most renewed sports teams in the world like FC Barcelona, Juventus, PSG, OG, and UFC. All the contracts are run through the Chiliz blockchain, making it one of the most interesting projects right now.