Topic: Have we overlooked the many potentials of altcoins? (Read 496 times)

Well, if you happen to switch to altcoin to avoid bitcoin congestion problem, then it got affected with it's volatility in a negative way eventually, like what you've we do have the option to wait for it to pump back at some point. However, if the reason for the transfer is to get that money or withdraw that money once it is confirmed to your wallet, then I don't think it's worth the risk. Especially with large transactions, it could definitely make a huge difference that would hurt your pocket.
Sticking to bitcoin on a lower transaction fees might get confirmations after a few days - I think that would be a-ok. But I second that stable coin are the best for the kind of situation, because it avoids the volatility most importantly.

Using a highly volatile altcoins as an alternative to bitcoin when there is network congestion will further put you at risk of losing more because if anything happens along the way while you trying to move the coins around it will result in potential losses unless you are ready to wait for the price to recover at some point in time,  which you may likely not want to or not having the time to wait.

Instead of using volatile altcoins as an alternative, it is better to just stick to Bitcoin and pay the high fees to avoid such losses while seeking alternatives,  but stablecoins are the best for this kind of situation.

When there are network congestion in Bitcoin Blockchain I don't use other altcoins that are very volatile, I use stablecoins instead. Stablecoin as Usdt on the Tron network or other network that don't need alot of fees or confirmations for the transaction to be approval are what is important when Bitcoin has congestion problems and not other altcoins. Altcoin are too volatile to be relied on during transactions as you can send $100 transaction and it can dump to $80 before the transaction is confirmed.

Altcoins don't waste time to confirm but they're not as reliable as Bitcoin or stablecoins. If I'm not using Bitcoin it'll be stablecoin. I only use altcoins for profits and not for transactions. When I invest in an altcoins, I want to make profits from them when the price rise and not to use them for transaction. Stablecoin are more preferable to use as they can be used in all Blockchain and not only depending on the Ethereum Blockchain as it was before.

I have read reply from many users and good to see that member suggested many top coins as an alternative when btc network congested for long time. I think LTC is the best alternative coins and created for this purpose. It called small btc. both btc and ltc could be hold in Electrum wallet. LTC also works on halving phenomenal and fee is very less as compared to btc. Other alternative could be Trx,bnb,xrp,doge but I think there is no coin better than LTC.

This is true that we have to take benefit from every opportunity and sometimes we win by investing in small project in my opinion if we diversify our portfolio without searching then the probability of losing money increases. Like if you are investing whole amount in Bitcoin then you will have surety that one day it will give you profit but in a case of altcoins you will think all the time for enhanced price.

You can take the example of Solana in which numerous individuals putted money but now again it reduces so they will definitely be in worries and will wish to recover their money back. But that not the end of crypto world but during Bull season you can take profit from all type of coin whether it is big coin of smaller one but preferring lower one more than bigger coin is not a good technology of earning.

There are quite a number of good coins in the market we don't have to outlook because of the nature of the market. Market decisions should not be limited to big projects only since we can always mark money too from smaller  cryptocurrency projects in the market.
It is wise if we invest in numerous projects rather than few in the market. This will help us to make money than what we ha e expected to make. Many there coins that still have potentials in the market that we might have not seen for now looking at how hidden they could be.

Currently noticing congestion or high transaction fees on the Bitcoin or Ethereum network during network crises. An alternative method can be followed for transaction altcoins. Altcoins can use different consensus protocols, which can provide faster transaction times and lower fees than the  protocols used by Bitcoin and Ethereum. For example, altcoins like Litecoin or Bitcoin Cash have faster transaction times and lower fees than their counterparts. This makes it a viable option for users who want to transact quickly and affordably when major networks experience problems. Overall, the use of altcoins as an alternative during network crises can help maintain the functionality of the cryptocurrency ecosystem and provide users with more options for conducting transactions during times of network congestion or high fees.

Sometimes problems happen suddenly, and I think no matter how sophisticated technology is it will still have problems. I think it's not a big problem as long as the team quickly resolves the problems that occur and makes efforts to ensure that similar problems don't happen again. So far Polygon is the network that I like the most because the transactions are very fast and the transaction fees are very low.

Agreed on the presence of double taxation when you move coins around in a region where cryptocurrency trading are well taxed,  and regardless of what it may in terms of amount in taxation,  when compared with how difficult and tiring that process could be,  one may decide to just use Bitcoin and pay the network fees regardless of how much it may be at some point.

Although those altcoins are there to offer alternatives to Bitcoin in the best possible manner at the needed and right time for both investor traderswhoseo Bitcoin is already on the exchange and not on custodial wallets.

Using litecoin to move bitcoin is a tried and true way to move in and out of positions rather cheaply.  The problem that exist at least for US customers is that every trade triggers a taxable event.  So when you move from bitcoin into litecoin and then to and exchange into another coin you've essentially doubled your taxable responsibilities.  As long as you can track everything cleanly it's not that bad but tax laws make it annoying to do so.

Who overlooks the value of altcoins in the industry? The industry is nothing anymore without altcoins because if you remove all the altcoins, it's only Bitcoin and as you said, we can't always use Bitcoin for day-to-day transactions due to network congestion and high transaction fees and that is the fundamental reason why other cryptocurrencies were created, they were all created to serve some purpose in the industry, some for scalability, some for speed, and other different reasons and purposes.

So, there is no doubt that most of the altcoins, especially the top ones, are here to stay with Bitcoin because they do serve their purpose and that is the reason why they have millions of users around the globe. Altcoins are risky for trading because they are unpredictable, but other than that, they are useful, no doubt about that.

There are a lot of altcoins to use as an alternative to network fee to by pass the mempool congestion, such as LTC or tron for me this two are most likely used by many participants and they are very fast in transaction and easy to use comperad to other crypto currencies.

I was confused, we've got meme coins and then meme pool. I just realized it's a mistyped of mempool.
Going with a lot of alternatives for transfers, LTC is a good one but sometimes I find it to slow when the exchange that I use is requiring it like 6-14 confirmations before it is credited to my account.
I hate xrp in some point of my life for being centralized but I guess that there is some use on it in dire times.

That is the case for now, as the fees increase in BTC and ETH, we then appreciate the use of some altcoins like TRX, XRP, etc as an alternative.
Not to blame the situation but at least the surge in fees helps these coins to get noticed and contribute something to the community. Well, maybe some had just known these altcoins this time but I was using them already for a long time.

We could say that not all altcoins are useless, some of them are very useful in the crypto space but we just ignore them.
Well, the current situation had proven it then.

I think go back to the basics, or at least proven altcoins already,

a. ADA
b. SOL
c. DOT

And I do agree about the challenges that some of our favorite coins are going right now, congestion or network issues. I do think though that this has been anticipated, but with the growth of crypto investors, they really can't cope with it, thus fees are skyrocketing right now.

Alternative solution? Yes! But the question is, is it the perfect solution? Well I don't think so. The potential that each and every alternative coins hold are not similar and not everything could be used as an alternative to certain situations that we are facing right now. I meant you cannot just hop in and buy some alternative coin and use that for the time being. It has to have a history so that we can trust it.

Maybe the top 10 or if you want to be more safe, top five or top three has to be the best choice. Something that is fast, cheap and most importantly reliable. There are different options so you may want to check before you choose one from them.

I remember when this all Started, First it was Bitcoin and You could Mine it with a Laptop. Then Butterfly Labs made the ASICs, and Litecoin was made so People could still use their Laptops. There was a Time there when GPUs were the New Things, and all You Needed was a GPU or a few, and you were Fine. But Eventually Litecoin was Needed. Then, ASICs were made for Litecoin. So they made Feather Coin.

To avoid BTC Transaction Fees, I have used Litecoin, USDT, Dash, STEEM/HIVE/BLURT, DOGE, maybe ETH and TRX but I am not sure about ETH Fees anymore, those might be too high.

There are already a lot of coins that we can use if the issue is network congestion or high fees really. I hardly doubt these coins would be replaced unless some really good altcoin suddenly pops out or said coins were to go out due to some bad business models they're going to adopt. I've used Matic, SOL, Litecoin, BNB, and a few others before for transfers and I've never had any big issues with them before. As for "best", I don't think there's a single best one out of all, it's a matter of preference among those that can be described as good alternatives instead.

As for altcoins that are overlooked in general, well, that can't be helped. Marketing is one thing that is needed and if they can't properly push for it, any coin, no matter how good, would inevitably stay dead especially if you consider how the altcoin scene is already full of hundreds of coins itself.

If you are facing most of the problems with transaction fees in the cryptocurrency industry, there are also many solutions. There are many alternative platforms from which you can transact your money easily with low fees. Whenever you complete a transaction from the Ethereum platform you will need high fees, because most people transact here and its traffic is high which is why high fees are required. But if you trade with SOL, BNB, USDT, etc platforms, you have to pay a small fee, so you can use them and get a lot of benefits, I believe.

I used to go for XRP and BNB but times have changed now as so as the other altcoins that we were using to convert bitcoins to them and you have a variety of choices that you can use to quickly sell your bitcoins or if you want, you can use stablecoins if you are afraid of losing your current profit because the price of bitcoins has reached new ATH for example and you are afraid that you could lose the chance to gain high profit because of network congestion, then you can just temporarily convert it to BUSD or any stablecoins you prefer.

I believe that many people didn't overlook it. And if they do, most of those alts with many and good potential wouldn't grow huge. Those issues you mentioned can affect most of the BTC users and they think altcoin is the only solution for it. But, some still continues to use a BTC. BTC devs also invented some fixes to that, but maybe it is not enough as there are still BTC users who complain.

Let us only hope that they will add more and this time it might be better. Apart from providing a help, I think another reason on why alts have been created is for their creators to earn a profit. I'm not against with that, as long as they are not scamming their investors.

There are a lot of coins with good potential that can be used as an alternative by merchants and casinos and other bounty managers are already using these coins just last week I used TRX and Matic for my transactions it is fast and cheap just like Ethereum way back but the current should be resolved because Bitcoin is considered to be the main coin in the industry and all the other coins should be an alternative.

This could harm the adoption of Bitcoin if the regular users of Bitcoin cannot use it anymore and resort to using altcoins, altcoins are good alternatives but I still like the centralization feature of Bitcoin over other coins.

We can temporarily switch to stable coins which have quite low network fees or XRP which is also low and quickly confirmed or will be adjusted to suit your needs. If what you need is to make a deposit to a casino then look at the casino for a list of coins that have low network fees, or If this is about investment because buying Bitcoin and withdrawing it to a personal wallet will cost quite a lot, then you can choose a coin that has stable enough such as BNB or other coins listed on many major exchanges by first looking at the withdrawal fees from the exchange so that our investment is not cut quite big.

This is right a lot of us see altcoins for what they are but most of us still prefer the top performing coins that are bitcoin and ethereum and for a good reason these two are what we can consider the safest options for investment especially for long-term

Altcoins on the other hand are mostly used for short-term investments if done correctly one can gain profit from investing in altcoins it is quite hard to do that so maybe that is why not really a lot wants to take risk

We can make good profits from altcoins if we know how to spot good altcoins projects. People are making money from coin projects they invested into even though the crypto market looks very risky. We need to keep doing what others are doing so that we can make money too from the market. The Crypto market is big enough for us to make profits if we know what we are doing. Investing in cryptocurrency can give us amazing profits if we are smart enough investing in meme projects and taking profits.

It's true that our preferred coins might be having some issues that needs alts attentions but sometimes if we are not in a haste we could still have patience for a while but if it's doesn't long feel okay to wait we have coins like BNB, LTC etc that could would serves as the best option to make transactions.

From the On set, I have always valued everything because they all serve different purposes which is why it was created in the first place, now that the need has arise I guess those who don't value alts must have seen it's need now. it's always good to look at everything in both the negative and positive effect before making decisions.

As Dr. Has listed above here I think they are currently the best one can use for fast transactions.

Network problems may also be experienced by some other blockchains. Alternative networks that I usually use when the Ethereum or Bitcoin network is very congested and fees become expensive are the Polygon and Binance Smart Chain networks. Fast networks such as Tron and Solana can also be a choice.

It seems we are talking about some technicality here like some network, not with investments.
For me if in the Ethereum network, I will go with layer-2 networks, that's the best network for me, and it is also helpful because layer-2 networks is EVM friendly, so for me, projects on layer-2 networks are also good alternative for Ethereum mainnet.

yes.  Correct.  because costs and speed have an influence on the transaction process.  I also often use the bnb network in sending to other exchanges.  but it also depends on the circumstances.  that is, I have the cheapest network when I am making the transaction

I always choose the lowest cost network but also with fast delivery and confirmation times. such as Trx, Arb and bnb. Avax is also quite fast in processing transactions. Shipping and withdrawal fees are also quite cheap. So I often use this alternative. Bitcoin network congestion continues. So for sending between exchanges and also from wallet to wallet, we will prefer to use altcoins.

Trx has actually become a choice for many people, including me. But currently I use arb and BNB much more often.

Well pretty sure its gonna ba chaotic. If the ordinals will continue, chances are were gonna do a force hols on bitcoin unless we want to sell that badly and just dont mind the fees. If the value is worth why not. But there are other alts that can be used in the time like this, maybe we sort that out for a while especially me that I am doing a lot on altcoins airdrop, retro and many more. Not really using bitcoin except being there and hold it anyway.

  There is another alternative way to do something like that. First,  there is Litecoin, BnB, Trx, Sol, and others, depending on the taste you want. In fact, there are also many opportunities to see if we can get a good profit from altcoins in the future. If we only use our thoughts or observe them,.

  The only problem is that others focus their eyes on one coin, which for me is not right. Just like the crisis with the high fee that is demanded from everyone who makes a transaction on the bitcoin network, it cannot be denied that the fee is really high, so we really need to find another alternative way to deal with these situations.

Ohh well thank you for this response,  I am sure not only me will need that advice because others also will read the comment and take the advice to heart,  to be honest with you,  I took steps towards what you just said and your comment it just a confirmation of the accuracy of my thoughts and action as long as Bitcoin is concerned.

The network congestion will indeed be around for a while and I am sure if the price of Bitcoin continues to increase,  we may likely be battling with the ordinal attack till the next Bitcoin halving,  I wonder what the next bull run will look like in terms of bitcoin fees.

Theres plenty of choice mate. I think almost all of L1like bnb, avax, ftm, matic, solana, tron are good when it comes to fees. Even the L2s of optimism, arbitrum and many more. Nothing can be done with the network congestion for a while as ordinals busy trying to poke it. But if youre into altcoins might as well used my recommended chain first and go back to btc when it cool down.

Litecoin and many of the digital coins that have good performance and are reliable for an investment, they either should have their own network or works on Binance smart chain network which is also a cheaper one, most people make use of litecoin because if the fast transaction confirmation time and the low transaction fee rate it charges upon making each one, what most people do is to exchange to those coins in other to make transactions and later exchange back to the desired coin.

When it comes to cheap transactions then this is usually be talking about on BNB,SOL and other known meme coins like Doge etc... We do know that their fees are way too small which its almost free.
The thing i do like with these coins is that they dont have that congested network and they dont have that surging fees on which this is something a main problem that we are seeing on bitcoin or with some altcoins like ETH
or AVAX or whatever EVM's out there which it do really sucks on the time that you would really be making out transactions which i couldnt blame on why people would really be having those kind of criticisms
even into Bitcoin when it comes to this kind of situation or talks.

Somewhat it would really be still varying if fees would really be a bothersome thing for you, if you are that active on making transactions in between platforms towards into your own personal wallet then it would be a hassle.
Not all would really be that willing nor really like to pay up huge gas fees and this is why they would really be waiting for the entire network to go down in terms of those pending transactions.
For me there are moments on which i dont have any choice but to pay up some high gas fees because it is really that compulsory. It is really just that a pain in the ass on these kind of times.

Fee issues were not new to the market, especially for Bitcoin and Ethereum but we have alternative coins, TRON and XRP which I often use during this time to cut sending expenses. Unfortunately, we can't just rely on them always, not on all exchange platforms or receiving wallet that never support them, we leave no option but to use BTC or ETH.

Sometimes we need to explore the market and these new project creations, maybe some of them could offer and solve the problem. But because of the scam spread, doubts remain with them. In the end, people still choose to use BTC and ETH, TRX, and XRP even though the fees are quite high.

I have always preferred alts to make transfers, especially the feeless ones (for example, Hive, there was EOS too, but it is in ashes lately and Tron requires too many TRX staked). For low fees, I usually use dogecoin, from EVM ecosystem, Polygon and Optimism are good.


I assume you meant Bitcoin congestion there. If so, during low fee times, convert some BTC to Polygon USDC or Optimism USDC as you deem necessary, and use it to make transfers.

TRX and LTC are alternative solutions that I have used for a long time when network congestion situations arise and these two coin options have the advantage of low transaction costs compared to other popular coins.  This alternative choice is not only due to network congestion during the Bull run, but I always use it when making transactions to minimize the costs incurred

For me whenever a situation like network congestion arises and transaction fees hit the roof, I prefer altcoins for payments. My most preferred is TRX as the fee is only 1 TRX for any amount, which roughly comes to $0.10. I do not think any other blockchain can beat the USD value for transaction fees. It generally remains in that same figure when congestion happens due to Bull run.

Many solutions have been developed, but it seems that the importance of making a profit in this market leaves it untouched. I can easily find things that actually use them to meet the criteria of fee, speed,... but people don't always pay much attention to the technology. The hype follows trends that are inherently PUMP/DUMP in terms of monetary value are attractive to people who think things are easy. But if we look at it positively, in the long term, things that cannot adapt will be eliminated and we will welcome a cleaner space. I'm not too strict with memecoin, but it seems that the majority of waste, and It's easy for developers/investors to create a vibrant atmosphere, but it's still part of the market and when people can afford it, they'll look for more useful things.

Network congestion and high transaction fees occur at the most inopportune moments, when the economic situation for trading becomes very favorable. In my practice, there were cases when I had to spend money on commissions with pain in my soul. This is a serious issue when using certain cryptocurrencies and has led many users to look for alternatives for smoother and more cost-effective transactions.

Sometimes there are too many people who using the network which can make it slow and expensive. This can make it difficult to use the coins we like. So it is a good idea to look for other coins that can work better in these situations. When we have a lot of people who using the network and it becomes slow and little expensive we need to think about using different coins. Some coins like Ethereum Binance Coin and Cardano have strong and scalable networks they can handle a lot of transactions. These coins are good choices when the network is busy.
Ethereum also have higher fee so we can skip this others are better.
And it is an individual decision that which network you are using or should use. Because every network has its own benefits.

Investors in Bitcoin are so used to it's system that they tend to ignore altcoins and their potentials, if not for the mempool congestion, people won't have ever considered alternatives of credible altcoins. It's true that altcoins that are created and structured in such a way that it allows for more scalability and operation can be better than Bitcoin, and very importantly they guarantee lower transaction fees with speedy transaction times and it truly gives them the edge for being invested in. In the case of congestions it'll be better to choose from credible altcoins as alternative for fast and cheaper transactions.

and all those coins have potential to pump in future, BNB and mAtic itself host a lot of DeFi App and Play to Earn or gamefi and much other and matic launch a new token called Pol  4 of them is cheap in my opinion and can reach last ATH or created a new Ath

It makes sense for the bitcoin developers to not compromise on that front, because if they were to do so not only the value of bitcoin will plummet, but this will also help the governments to more easily censor it or to more easily get rid of it.

However while the fees can become a problem from time to time, bitcoin enthusiasts are mad this time around as this is not really the result of a growth on the demand of bitcoin, this is simply because those creating ordinals are out of control and this feels more like an attack against the network than anything else, and at least for the time being we need to look for alternatives as moving our bitcoin is too expensive now.

I LOST Tao at 69 USD and was a pain in the asn, I am looking for another potential AI that might be the strongest with GameFI and BRC-20 tokens. Another is $NFP that I am accumulating on bitget (for the restrictions on my country) but was heavily listed in other places as well

For me what I have been using is BNB and tron and it has been of help to me for long now Compare to other crypto currencies

just use matic it has known to be resilient enough in overcoming the massive traffic congestion i've always encountered so low fee with matic from my experience despite the fact that there are many transactions going on, the other L2 for now are also just as good OP, Arb,ZkSync all have relatively low fee if compared with the main ethereum blockchain though sometime it might spike, so far I either go for  matic, solana or these L2.
its no brainer when executing smart contract within ethereum as simple as just staking for the sake of following retroactive airdrop become massive hurdle when we need to pay a hundred dollar just for the sake of executing.
still make me wonder to this day why there are so many people are still deploying their smart contract even more so for those smart contract that get interacted a lot, to deploy it in ethereum they could be deploying in other L2 blockchain and get the benefit of cheaper fee but nah. they doesn't seem to be interested in doing so probably because they think by deploying in ethereum they would attract attention of many people and investors.

I quite align with you on the low volume being the reason some of the altcoins networks are less congested at this moment,  because if you have taken steps back to when even other altcoins who are still experiencing high network congestion like Ethereum and other coins reason being that those ones already have some level of high volume and we can see the result of that on there network level of connections,  this have been the result of many of them,  but for now,  as low gem and a perfect alternatives,  those altcoins will continue to be used as an alternatives.

As at this time,  bitcoin is now best for an investment,  which can take a long term to get the best out of it,  but if being so then we can say that altcoins can best be used for daily transactions if they meet that requirement and are readily available at the point.

Of course,  decentralization vs centralization will meet at some point and find a balanced ground to co-exist for the betterment of all.

You know some of these Alticoins were actually created or developed to solve some of the problems associated many devs feel bitcoin protocol hasn’t addressed. The number one thing is the scalability issue which tends to be a major problem on bitcoin network. One of the reasons why I think bitcoin Devs are reluctant on solving this problem like having to increase the block size is because it will temper with the decentralized protocol on which the bitcoin network is built upon, that’s why we see most Alticoins still been centralized. Not diminishing the importance of Altcoins been a very good alternative for payment but I feel they still do not have much transaction volume like bitcoin and that’s why we see them still very less congested and we thought they have solved scalability problems

Most altcoins are not good for the long term but if you want to get the most out of a altcoin project then you need to hold for a long term. Matic, Sol-like projects show a meteoric rise and if a short term holder managed to get good entry in its early stages, he would have sold off his gain in 10X but the rise of these coins price was beyond that. Many early investors of matic and sol regrating about their decision to sell their holdings too early. It is not too hard for an experienced crypto investor to realize which coin has the potential to survive in the long run.

I don't think the use and purpose of altcoins were ever underestimated. The only thing I feel was done real was the fact that most of them are not what they claim to be, and due to their centralised nature, many have been avoiding using them as a result of not getting stocked in between and funds being frozen in their wallets.
 
The high network fee has drawn many back to start using those altcoins for those who seek to still use them over their crypto debit or credit card. It has been helpful, and the fee is still under control, which is still good for business, and for the most part, I think its use will continue.

There are many potential altcoins that we don't know because we think that investing in a single altcoins is the best which is not so.
There is money in cryptocurrency especially holding reliable coin or meme for a limited time after we have made some profits from them.
We don't need to be stressing ourselves or relaxing holding a single coin because we think that we are going to be comfortable and made some few dollars from the coin project. Making money from the market is not supposed to be hard if we know how to find our way.

Stablecoins are fit for payment, they're cheap in price and most importantly, they don't follow the market to make emphasize on the pump and dump season, they're just stable and dormant in movement. We shouldn't be concerned about the fluctuating run of the market, we know how volatile it have been. We go for the coins, mostly stablcoin that has stable network fees and not the memecoins that doesn't stand solid. I preferred using USDT for my crypto transactions, it do served important purpose and helps our crypto transactions to become faster than expected. The high fees are costly and there's certainly no way we would have been able to continue our crypto transactions with these high fees.

That said, you will hardly see altcoins that are among the top ones that will be more than $0.4 in transaction fees with an average of 5 minutes of speed. I think this is a fair deal enough, not to talk of some that will complete your transfer within seconds. Specifically, I have used, Dogecoin, Litecoin, Tron, Shib, Mana, Solana and Cadano for transactions, and all are good and I never noticed any glitches whatsoever. They should be good alternatives should there be congestion in one or some other coins/tokens.
[/quote]that the fact the thing is that,  when it comes to scalability of the industry,  altcoins have done more in that directions more than bitcoin and the reason is that bitcoin is structured in such a way that it is hard to develop or implement a change without passing through all the procedures for that to happened,  which is why altcoin becomes best for an alternative.

Riding on the weaknesses of Bitcoin to provide better service and alternatives that will aid the scalability and usability of the cryptocurrency industry is one very best features of altcoins and the reason why we must search out the good gems among the altcoins that can provide us that service as alternatives in time of needs.

It depends on what you want to use it for, could you explain?

if you are using ethereum, use the second layer solutions. Perhaps the profitability of the activities is lower, but the usability is practically the same.

I have never underestimated the importance of altcoins and I have never let Bitcoin blindfold me the way it does some people. The truth is that I face reality, if it is good, I will say it, and if it is bad, I will say it. It is no news that the way Bitcoin is structured has not helped it for improvements, so there is no way altcoins that are being created and structured in such a way that will allow more scalability and operation better than Bitcoin will not supercede it when it comes to core operations. Many of them will complete a transaction in less than 3 minutes, so you can't compare at all, even for investment opportunities.

That said, you will hardly see altcoins that are among the top ones that will be more than $0.4 in transaction fees with an average of 5 minutes of speed. I think this is a fair deal enough, not to talk of some that will complete your transfer within seconds. Specifically, I have used, Dogecoin, Litecoin, Tron, Shib, Mana, Solana and Cadano for transactions, and all are good and I never noticed any glitches whatsoever. They should be good alternatives should there be congestion in one or some other coins/tokens.

If we ignore all their other issues and benefits, and use them purely for sending value, then Eth layer 2 like Polygon, Optimism and Arbitrum. And i am not talking about those tokens but usdt send via those networks. Then there are obviously BNB and i've been sending SOL lately as it's accepted widely. But i am guessing if they shut down their network once again, it will crash in value pretty hard. XRP and Litecoin used to be main answers to these and i guess to some they still are, as i know some people want o avoid L2 and stick with the decentralized choices with fair distribition like LTC.

But i am not sure who exactly is overlooking these, especially in altcoin discussion. I think they are more over hyped then ever.

there have been no issues with SOL so far since its last which was more than 2 years. this is by far one of the best alternatives. but i have to agree it's BNB that is quite dominating since ETH also has congestion and high fees. since the time the fees for sending USDT TRC20 had increased, i have not used it already but USDT BEP20 is cheaper and fit for stablecoin payment.

for altcoin potential, i agree with the above about Polygon.

We can use litecoin, BNB, TRX, Matic , at least these are coins that I know have a low transaction fee.

A lot of times we have been down so much away from the role altcoins play in the cryptocurrency industry,  because there is no doubt the fact that many times,  we have come face to face with issues and challenges that make us to look for an alternatives,  and which is the reason for altcoins creations already,  such as fees,  congestion and speeds.

These have been most of the challenges that we face in the cryptocurrency industry with majority of the time our preferred coin may face network issues and we need to look for alternatives,  this has made it very important for us to discuss the best possible means to make use of altcoins as alternatives when there be network crisis.

What are the best coins to use at a time when there is network congestion in the main meme pool?