People who don’t know much about crypto often think there’s only one coin in town: Bitcoin. While anyone who has followed the market for a few weeks knows that is not the case. Bitcoin is the mainstream news. For many people, Bitcoin is synonymous with cryptocurrency. We all know there’s a lot more going on than that in the crypto world, but it’s the only one that’s about to break into the mainstream. But that doesn’t mean it’s the most important piece. It may have been the first, but is Bitcoin necessarily the best?
Some argue that BTC could be the MySpace of the crypto world. The first, but not necessarily the one that will have the most impact (Facebook). It remains to be seen whether this is the case or not. We believe BTC will always have a place in the crypto world, and it will be here to stay. But there are actually other altcoins right now that have a huge potential future in the crypto world. Some of them could become as big as BTC. Let’s take a look at them:
Gnox (GNOX)
Gnox has a long way to go to reach the heights of BTC, but it’s already off to an incredibly strong start. At a time when the likes of BTC are struggling and far from all-time highs, Gnox rose in price while still in pre-sale. And it solves a problem that has blighted much of the crypto world for some time: it makes it easy for newcomers to get involved in the DeFi space and start earning real passive income without any headaches. .
We think Gnox is hugely important in the crypto space, especially as it attempts to bridge the gap with the traditional investment world. With Gnox, users enjoy real DeFi benefits through cash of funds invested on their behalf. They don’t have to figure out how staking works and they don’t have to manage their day-to-day funds. It’s real passive income and real democratic control via at-risk voting, thanks to Gnox.
Ethereum (ETH)
Ethereum has also had a tough few weeks, as has Bitcoin. But many believe it is the Ethereum blockchain (home to thousands of other projects) that is the true future of crypto. And although the prices are falling, some claim that now is the time to buy the dip and they could climb up to $10,000 per ETH in a year or two. Ethereum is currently somewhat held back by high gas fees and slow transaction speeds, but these issues could all be resolved with ETH 2.0 — creating even more long-term potential for ETH holders.
Dogecoin (DOGE)
Dogecoin is important because it enjoys such recognition and a huge fanbase. While good coins still need fundamentals, being backed by the likes of Elon Musk should be seen as a good thing. Although it may move the price of DOGE just because of a Tweet or two, Dogecoin is still a good coin that many see as the future of usable currency in the crypto space. It has low fees and fast transactions, which is why many people call DOGE “the people’s crypto”.
We believe that all of these coins are just as important as BTC. While they may not be hitting BTC’s all-time highs any time soon, they are all crucial components of the future of crypto.
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