Which trends to watch for altcoins in 2021?

Altcoins in 2021: Which trends to watch? With Bitcoin and Ether setting new all-time highs, analysts are shifting their attention to the altcoin market in anticipation of a rally. This guide is sponsored by CoinSpot. The easy way to buy Bitcoin and 230+ other digital currencies.

How many altcoins are there?

Thousands of altcoins exist, and all use blockchain technology similar to Bitcoin. An altcoin may have a unique use case that drives currency adoption and price appreciation. The strictest definition of an altcoin, short for “alternative coin,” is any cryptocurrency other than market leader Bitcoin.

Is Cardano a good altcoin for 2021?

The problem with ETH is its scalability and even if this problem will not be resolved immediately with the release of ETH 2.0 on December 1st, 2020, it remains an excellent choice of altcoin for the year 2021. Cardano is also one of the projects that we would hold in the longer term.

What was the first altcoin?

The first altcoin was Namecoin, which is based on Bitcoin's code and was released in April 2011. Namecoin is integral to the history of altcoins in that it showed that there's enough room in the crypto markets for more than one kind of coin.