Since the conception of cryptocurrency, bitcoin and ethereum have always been a step above the rest. These two coins are the ones that are mostly imagined when one thinks of cryptocurrency, and for the vast majority of people who are unknowledgeable about crypto, the previously mentioned coins may be the only cryptocurrencies that people are aware of.
However, for those of us who know a thing or two about the industry, we know that this is not the case, and in reality, there are a ton of other coins out there that are more than worth a little recognition.
In this article, we will be talking about which coins share a similar potential for longevity as that of bitcoin and ethereum, as well as giving you a few tricks that will allow you to navigate the crypto market just that little bit easier.
So Many Unexplored Avenues
If you have taken the time to actually dive into the crypto industry and taken a look at what’s out there, then you will already know that there are a ton of alternatives to bitcoin and ethereum.
Of course, not all of said coins have the same level of notoriety that bitcoin and ethereum has, but that’s not to say that they cannot hold their own.
There are a ton of other altcoins that have potential out there in the wonderful world of crypto, and for those that are brave enough to stray from the norm, these coins can have the potential to give back huge returns.
However, despite the fact that these altcoins have the potential to offer such huge returns, they also come attached with much more risk than bitcoin or ethereum, and longevity is definitely not a guarantee.
Unfortunately, the crypto market is an incredibly volatile place to conduct business, and if you delve too deep into the unknown, you may have no idea what you are getting yourself into.
Although, that doesn’t mean that any other coins could not come to rival bitcoin and ethereum, and no one can really predict which coins have staying power and which ones don’t.
There is Still Time For Change
Despite the fact that bitcoin and ethereum have always been the most notorious cryptocurrencies out there, that’s not to say that there isn’t any chance of other coins entering the fray and giving the top dogs a run for their money.
In the grand scheme of things, crypto is still something that is relatively new to the world, and people are only just beginning to get a firm grasp as to exactly what it is.
Furthermore, because of this, crypto just hasn’t been around long enough in order for people to accurately predict what the future holds in store, and no one really knows what could be waiting around the corner.
Of course, it is never a bad idea to increase your Bitcoin stock, and we are not saying that bitcoin or ethereum could be overthrown. At this point, both bitcoin and ethereum are the only coins that most people have heard of, and this all but guarantees that they will remain at the top for the foreseeable future.
However, that’s not to say that another coin couldn’t come along that manages to do everything right and captures the interest of the public eye, and there really is nothing stopping the aforementioned event from taking place apart from a lack of innovation and time.
If You Have Any Doubt, Stick To What You Know
If you are not willing to accept the risks involved when investing in an alternative cryptocurrency, then it is always best to be safe than sorry and just stick with what you know.
With newer coins, there tends to be a much higher risk than that of bitcoin or ethereum, and while altcoins can potentially bring you larger returns, it’s best to avoid coins that are not well-established if you are not sure about your decision.
Unless you are willing to keep track of crypto stock prices around the clock or have been involved within the industry for a while, it may be a good idea to outright avoid any coins that claim to be the next big thing.
This way, you drastically reduce the chances of losing any capital in an investment you know nothing about, and you will have a better time within crypto markets as a whole.
So, are you excited to have found out there are a ton of alternative avenues out there?
Out of the small minority of people who actually choose to get involved in the crypto market, only a select handful of an already small bunch ever opt to stray away from the classic bitcoin or ethereum.
Moreover, if this sounds like you, then that is no problem at all.
In reality, you should always go with what you are comfortable with, and if that happens to be only the most popular of coins, then so be it.
However, if you think you have what it takes to venture out into the unknown and invest in some up-and-coming crypto coins, you may just find that fortune favors the bold.
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