What's your Favorite Altcoin and Why? - page 7.

DaNNy001

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Quote from: mich on November 08, 2023, 01:36:47 AM

Well I like alot of altcoins but Ethereum is my favorite. I like Ethereum because there is a real use for it. I dont hodl so many of them but I do think in the next 'bull run' there is going to be some profits.

And I like its blockchain and that you can use Dapps on the blockchain. And it has large marketplace only behind Bitcoin. I do not like its high transactions fees but I do not send them very much.

I particular don't have any specific altcoins I will hodl dearly to me but I think I will do when the bull run has come because this is the only time when I get to actually choose an altcoin I will like to hodl because that period is going to be boom for some altcoins and you can certainly make lots of cash from them but for now I think I will go Ethereum too as they are the next close able coins after Bitcoin and I believe with time coming some much ground will be gained and enjoy for some folks actually HODLing this coin.

Fademigo

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One of my favourite altcoins is GALA.
Why?
Well, they have halving in the tokenomics, something like BTC invented so it gives less inflation in the eco system.
They have millions to promote.
They want to be Steam on blockchain.
They are in the gaming industry, one of the biggest industries in the world.
They have actual products that are working.
Their token is cheap at the moment.
They have big community of 2 millions people or maybe more.

kentrolla

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Without a doubt or second thought I would say Ethereum and there are numerous reasons to select Ethereum as my favorite Altcoin but I would always consider the fact that Ethereum was the only Altcoin out of thousands of altcoins available in the market to bounce back post the bearish market and Ethereum was the last major coin to red when all the other altcoins went through bloodbath once the Bitcoin's value dropped from over $20k to $3k in previous bear market.

One more reason is it's continuous development as the developers are really active and working tirelessly to be the best in the market unlike TRON which I had high hopes but it never achieved what it is capable o because Justin Sun was more in news for controversies rathen than showing any interest in development of TRON. I had great interest in the Altcoin named Utrust but it didn't had it's peak yet and hopefully in future it would be a big thing.

krishnaverma

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ETH is my favorite. This is the only alt coin which has the potential to give some competition to Bitcoin. It is evident from the fact that so many projects are based on this coin.

letteredhub

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I have sentimental fears for altcoins as they aren't reliable and their future is not potent to submit ones portfolio into it for a long time Investment plan. For those that have felt the pangs of altcoins will have a fine perception about my fears for that I have made peace with bitcoin avoiding all altcoins by all means. There's a lot of hype with ethereum and that's because of how it's been closely following bitcoin and the versatility it's gaining despite that, I won't put my two cents on it it's still an altcoin.

zasad@

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Quote from: BitcoinBarrel on October 12, 2023, 11:59:02 AM

There are 1000's of Alternative Crypto-Currencies out there, but which one do you actually use?

Post your favorite Altcoin below and tell us why you think so.

Look at last year's report from cryptorank for November 2022
TVL Performance on Multiple Networks in November
https://news.cryptorank.io/tvl-performance-on-multiple-networks-in-november/

And compare this with the cryptorank report for October 2023

https://cryptorank.io
The table of leaders and actual working projects has not changed much.

libert19

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I like Hive (https://hive.blog being frontline dapp). I'm quite biased here because it was first crypto that I was heavily involved in (I interacted with Steemit actually, Hive is fork of it — most of community moved to Hive from Steem after Justin Sun's takeover).

It's feeless and due to that p2e games (splinterlands, dcity, dcrops) on it are so much fun, no annoying fail transactions and paying unnecessary fees, less scams — it's like this place is different compared to rest of crypto which is riddled with scams, active community, plenty devs who always try to make useful dapps for ecosystem and contribute in their own way, account names (these evm chains are making big fuss out of it, before ENS came, Steem/Hive already had account names.

gabbie2010

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Quote from: BitcoinBarrel on October 12, 2023, 11:59:02 AM

There are 1000's of Alternative Crypto-Currencies out there, but which one do you actually use?

Post your favorite Altcoin below and tell us why you think so.

I like Doge and Ethereum both are my favorite altcoins, Doge is like a sleeping giant after buying low I will wait for an important announcement by Elon Musk thereafter an instant impact of that announcement pump it price thus I take profit and waited for it price to reverse repeat the same process again, Ethereum shares almost the same Price Action similar to Bitcoin therefore it ability of having a lower price compared to Bitcoin is an advantage to buy more of the coin at a cheaper price as well as earning more profits when it price pump and another advantage is that also respond quickly when the price of Bitcoin pump massively compared to other altcoins.

mich

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Well I like alot of altcoins but Ethereum is my favorite. I like Ethereum because there is a real use for it. I dont hodl so many of them but I do think in the next 'bull run' there is going to be some profits.

And I like its blockchain and that you can use Dapps on the blockchain. And it has large marketplace only behind Bitcoin. I do not like its high transactions fees but I do not send them very much.

Joseph-P

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Quote from: BitcoinBarrel on October 12, 2023, 11:59:02 AM

There are 1000's of Alternative Crypto-Currencies out there, but which one do you actually use?

Post your favorite Altcoin below and tell us why you think so.

My favourite for now remains $BGB. Apart from its utility on the Bitget platform, the token still has a decent potential for growth and I'm very bullish on it rn

Xal0lex

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Quote from: Ultegra134 on October 15, 2023, 10:48:31 AM

I'm not really into altcoins; I mostly stick to Bitcoin; however, the only altcoin I've actively invested in is BNB. First of all, it has its own blockchain, which enabled me to stake stablecoins back in February 2021 and manage to yield great results. The Binance Smart Chain is still one of the major reasons I believe in it; if I'm not mistaken, it still remains one of the most popular blockchains for staking and so on.

Moreover, the exchange itself is quite handy, even though it started having some issues lately after the SEC lawsuit and even disabled SEPA and credit card deposits for the Euro currency. It still remains the largest exchange on the market, though, offering decent benefits such as their debit card and BNB cashback. It remains a centralized exchange and prefers not to store large amounts of money, or Bitcoin, for this reason. So yes, for these reasons, I'm quite fond of BNB, despite the recent troubles it is facing, which I'm hoping will be resolved soon.

BNB's prospects are dim. Binance is constantly losing market share from all crypto exchanges. Binance is in trouble in many jurisdictions. Their BUSD stablecoin will soon cease to exist. If the exchange ceases to be the leader, BNB will not grow as much as it used to. If Binance goes bankrupt, BNB will suffer the fate of the FTT token. Among coins with their own blockchain, I would choose ETH, it is more reliable and has been on the market longer.

Rupok

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My favorite altcoin is BNB Ethereum XRP. Because these coins are risk free and these coins have high utility and these coins have been in the market for a long time. Although Altcoins are risky but these coins are completely safe. I am saying from my experience that I have made a lot of profit by investing on these coins. If we analyze the market we can see that Ethereum and BNB network token are very good. Also most investors prefer Ethereum after Bitcoin.

Ultegra134

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I'm not really into altcoins; I mostly stick to Bitcoin; however, the only altcoin I've actively invested in is BNB. First of all, it has its own blockchain, which enabled me to stake stablecoins back in February 2021 and manage to yield great results. The Binance Smart Chain is still one of the major reasons I believe in it; if I'm not mistaken, it still remains one of the most popular blockchains for staking and so on.

Moreover, the exchange itself is quite handy, even though it started having some issues lately after the SEC lawsuit and even disabled SEPA and credit card deposits for the Euro currency. It still remains the largest exchange on the market, though, offering decent benefits such as their debit card and BNB cashback. It remains a centralized exchange and prefers not to store large amounts of money, or Bitcoin, for this reason. So yes, for these reasons, I'm quite fond of BNB, despite the recent troubles it is facing, which I'm hoping will be resolved soon.

karpethitam

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Actually, there are lots of altcoins that I like, especially those based on play to earn, last year I invested a lot in Axie Infinity, and earned quite a lot there. If it's xrp, xlm, eth, I'm keeping it for the long term.

_Hiloveua_

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Quote from: BitcoinBarrel on October 12, 2023, 11:59:02 AM

There are 1000's of Alternative Crypto-Currencies out there, but which one do you actually use?

Post your favorite Altcoin below and tell us why you think so.

My favorite coins are LTC, BNB, XRP. Also I have few other coins in my choice list which I like to invest in. There are many aspects to liking these coins. I usually identify a coin by considering several aspects such as: What are the transaction fees of this coin and what are the future benefits of the coin. Because every coin is worth investing in. But ethereum network token is much better.

Xal0lex

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My favorite altcoin is Litecoin. Extremely reliable, proven, fast and cheap, in terms of transactions, altcoin. Plus it has a very wide distribution and has support almost everywhere, along with USDT TRC20. I often use these altcoins to transfer value between services or to pay for goods and services. Bitcoin sometimes lets down with its high transfer costs, there should always be a few reliable alternatives.

Fundamentals Of

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I chose Ethereum. Of course that's my favorite altcoin. I know many others chose it too. But I'm also a fan of Litecoin. But I'm not using my favorite altcoins every now and then. I seldom use cryptocurrencies. It's mainly because of two things. One, I value them and I know their worth will multiply in the future. Second, there's not much use of my crypto really. I still use them of course. There's still gambling and moving funds in ways cheaper than using Bitcoin.

Dr.Osh

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So far, I've always liked Ethereum and BNB, and I might be leaning towards Ethereum. I really believe the potential for these two coins is very large in the future. if a bull run occurs, I'm pretty sure the prices of these two coins will be very high.
Apart from price potential, to date ethereum and BNB have clear benefits and are always being developed. In the past, I made quite good profits from ethereum, and I still hope to get the same profits from the coin. Apart from that, I have hopes for BNB to reach thousands of dollars in the future. I think that the potential of BNB is the same as ETH in the past.

JeffBrad12

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Quote from: AakZaki on October 14, 2023, 03:50:36 PM

because BTC is not an altcoin and is already the king of all coins, it is not included in the list. for the top altcoin that I chose of course ETH, nothing is as good as ETH and ETH is the king of altcoins. I traded with ETH, taking advantage of its price fluctuations and it provided commensurate profits. Look how ETH is everyone's choice and that is the reality right now. Apart from ETH there are several top altcoins worth choosing such as BNB, LTC, MATIC etc.

well its true that Ethereum dominates in term of altcoin investment apart from being invested heavily by the institutional investors when they want to diversify their investing portfolio it also being chosen by many individual to invest and also being used heavily for deploying new projects, the good quality projects are all in ethereum blockchain so you know that the demands of ethereum would be never ending after all it required for paying the gas fee, not to mention for every transaction it also burn some ethereum.
I think its overall good but the potential same with bitcoin, if someone looking for faster return, investing in new altcoin could be better.

Huppercase

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Quote from: AbuBhakar on October 12, 2023, 12:57:31 PM

Quote from: BitcoinBarrel on October 12, 2023, 11:59:02 AM

Post your favorite Altcoin below and tell us why you think so.
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BNB(Binance Coin) is my favorite altcoin of all time because it has a lot of utility which I can fully utilize since I’m using Binance exchange frequently. BNB can be use to reduce fee on exchange, to participate on Binance Launchpad, Gas fee on binance smartchaij and many more which other altcoin can’t do since BNB is the only token from exchange with a very successful blockchain network.

BNB has grown so much from been an exchange utility token to a blockchain that now home most cheapest tokens on the crypto market. Ethereum use to be the best of smart contract blockchain but the dynamic fee has damage the friendship it gives small crypto start ups and now there are many more of them now fighting for safe chain that is cheap and affordable in fee and high security.

I like bnb but it's influence by CZ, we can't deny that. Another thing that change about the launchpad kill the value of bnb, they change from 30 days staking to be eligible for launchpad to 3 days and when people are done with selling their tokens, they sell their bnb as soon as possible which is killing the price.

Quote

OP(Optimism) is my second favorite since its very volatile but it’s price has definite low and high boundary which is very profitable if you know how to play it since this altcoin has a very good trading volume and liquidity.

Optimism is great but I think it's another layer 1 that are investors are ready to pump and dump immediately they are done with selling. We should be asking ourselves the questions "what happened to the previous tokens that were hype to people. What happened to the development? What happened to the pre-sale raise money. Are we going to continue to lie to each other and keep recycling money within the poor and the rich, altcoins are not solving anything except for their values.

Topic: What's your Favorite Altcoin and Why? - page 7. (Read 1623 times)