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When it comes to cryptocurrencies, Bitcoin has been a hot topic 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 appear to be quite promising. If you are looking to purchase any of these coins, it is important to research your surroundings to trade in. However, we have done the research for you: CoinSpot is the best cryptocurrency exchange in Australia which allows you to buy most cryptocurrencies in the space.
In this article, we highlight four currencies that are making huge waves right now and have huge potential going forward.
Cardano (ADA)
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 on the market for the past year or so, and it is only just beginning its legacy. As they heavily target the education, retail and finance industry, it’s only a matter of time for people to realize the importance of Cardano. Work on a proof of stake consensus as a direct competitor of Ethereum, if Cardano manages to keep its promises, it can easily overthrow Ether by market cap over the next few years.
Ethereum (ETH)
The second highest cryptocurrency by market cap is Ethereum, and is easily one of the most valuable projects in the space. Ethereum retains its prominence in the market as it is adopted by most currencies and projects, which are built using the Ethereum blockchain. While there are many other blockchains trying to compete with Ethereum, there is a good chance that it will remain the primary platform for most projects in the market, which is why it is essential to have this coin in your wallet.
Binance Coin (BNB)
Launched in 2017 by the largest centralized cryptocurrency exchange by volume known as Binance, its native coin BNB has started to experience great success. BNB is used to pay transaction fees on the Binance exchange, which is why its price has seen a continuous increase in recent years. After ETH, BNB plans to adopt the NFT market massively, meaning the demand for BNB will only increase from here, making it a suitable investment in today’s trading world. hui.
Chiliz (CHZ)
Finally, Chiliz is the leading provider of blockchain technologies for sports and entertainment. If you are a participant of the Chiliz network and own their native CHZ token, you can engage with your favorite club teams in different sports through their official platform known as socios. Socio websites allow fans to buy Fan Tokens from the world’s most revamped sports teams like FC Barcelona, Juventus, PSG, OG and UFC. All contracts are executed through the Chiliz blockchain, making it one of the most interesting projects around.
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