A cryptocurrency is a type of digital money that can be used to make purchases of goods and services and that employs robust cryptography to secure online transactions. Altcoins refers to cryptocurrencies other than Bitcoin.
These unregulated currencies attract a lot of interest from traders looking to make a profit, with speculators occasionally driving prices sky-high. The most widely used cryptocurrency, bitcoin, has experienced erratic price changes this year. Investors have a wide range of options when it comes to selecting appropriate digital assets out of the thousands of altcoins listed on CoinMarketCap.
Top 5 Altcoins Under $100 With Great Utility Demand
One of the most well-known cryptocurrencies is Solana. With a gain of well over 10,000% over the past year, Solana has been the best performer among these top cryptocurrencies. As an Ethereum substitute, Solana has drawn a large number of investors. Smart contracts are supported by both blockchains. But compared to Ethereum, Solana offers much faster processing times and cheaper transaction costs.
Solana’s price today is $11.31, with a market capitalization of $ 4 B and a 24-hour trading volume down by 18.46%. Now it stands at $133 million. At the same time, the circulating supply is approximately 367,056,407 SOL.
Avalanche is a rival to Ethereum in terms of cryptocurrencies and blockchain platforms. The Avalanche blockchain uses smart contracts, similar to Ethereum, to support a number of blockchain projects. AVAX is the native token of this platform. Due to the randomized nature of its consensus mechanism, Avalanche can be regarded as secure. According to Avalanche, its platform supports more robust security measures that make the blockchain less susceptible to 51% attacks than other blockchains.
Avalanche coin price today is $11.70, with a market capitalization of $ 3.6 B and a 24-hour trading volume up by 76.25%. Now it stands at $104 million. At the same time, the circulating supply is approximately 311,578,962 AVAX.
By market value, Tether is the third-largest digital currency worldwide. However, it differs significantly from bitcoin and other digital currencies. Tether is an example of a stablecoin. These are digital currencies that, in contrast to the majority of cryptocurrencies, which are known to be volatile, are linked to tangible assets, such as the U.S. dollar, to maintain a stable value. Tether is intended to be anchored to the US dollar. Tether’s price typically equates to $1, unlike other cryptocurrencies whose values frequently fluctuate.
Tether’s price today is $0.9999, with a market capitalization of $ 73 B and a 24-hour trading volume up by 40.91%. Now it stands at $15 B. At the same time, the circulating supply is approximately 66,247,647,090 USDT.
Litecoin, which is also referred to as the silver to Bitcoin’s gold. However, it was developed by Charlie Lee and released in 2011, just two years after Bitcoin. Fundamentally, it was produced by a hard fork from the principal Bitcoin blockchain network. It was initially created to allay concerns among developers that Bitcoin was becoming overly centralized.
Litecoin’s price today is $69.05, with a market capitalization of $ 5.8 B and a 24-hour trading volume up by 151.7%. Now it stands at $408 million. At the same time, the circulating supply is approximately 71,912,055 LTC.
Axie Infinity is one of the most well-known blockchain-based games. However, it was created by Sky Mavis in March 2018 and is based on non-fungible tokens. For its in-game economy, which makes use of ERC-20 tokens based on Ethereum, it is one of the best metaverse cryptocurrency projects. The goal of this game is for players to play, mint, and collect NFTs.
Axie Infinity’s price today is $6.89, with a market capitalization of $ 1.8 B and a 24-hour trading volume up by 54.23%. Now it stands at $43 million. At the same time, the circulating supply is approximately 99,634,148 AXS.
Also Read: Top 5 Altcoins Under $1 that May Roar 100x by the End of 2023