Top 30 Best Bitcoin Alternatives

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The best Bitcoin alternative is Ethereum (ETH) . It is an open source platform on which a lot of apps and tokens can be built. In general, Ethereum has more functionalities than Bitcoin and it could therefore just be that Ethereum will surpass Bitcoin in the future. The mint was once started by the world famous Vitalik Buterin .

It is always important that you do very good research before investing . It’s never smart to buy something you don’t know about. This can turn out well, but it can also go completely wrong. So always pay close attention.

Bitcoin (BTC) is the most famous crypto token of the moment and actually the most famous crypto token ever. But besides Bitcoin, there are many other cryptocurrencies. Which of these are our favorites and do we think are the most promising?

It is extremely important that you know that the information in this article is not financial advice . It should therefore not be taken as financial advice at all times . It is only a representation of 30 different ‘altcoins’, in which the pros and cons are weighed against each other.

The information in this article is not financial advice!

Want to know which 29 other coins, besides Ethereum, are in the list of possible alternatives to Bitcoin? Then read on quickly!

1. Ethereum (ETH)

  • Market cap: $255,623,987,568
  • Coins in circulation: 116,391,204

Ethereum (ETH) is a coin worth $1,944.07 as of June 22, 2021. Quite pricey, but because it is crypto you can also buy it in pieces.

In short, Ethereum is a blockchain network that makes it possible to transfer cryptocurrency from party A to party B. In addition, the network also offers you the possibility to build and run cryptos and applications yourself.`

Ethereum contributes to decentralized finance (or decentralized economy), which means an economy without higher power. The aim is therefore to have an economy in which there is no government or central bank that can intervene.

In addition, the Ethereum network also makes it possible to run non fungible tokens (NFTs). Non fungible tokens are unique tokens of which there really is only one. Today, for example, these are used for the property rights of digital art, but there is speculation that in the future they may even be used for the property rights of, for example, houses.

2. Litecoin (LTC)

  • Market cap: $8,553,548,308
  • Coins in circulation: 66,752,415

Litecoin (LTC) is a cryptocurrency that was launched in 2011. So very early and they were really there from the start. The coin was founded 2 years after Bitcoin by Charlie Lee, who had previously worked for Google. Currently, Litecoin is the 13th largest cryptocurrency in the world when looking at market cap.

Previously, Litecoin was seen as a currency that could really replace Bitcoin, because when it was founded, the coin had really new features that were not seen before in the world of crypto. However, over the years a lot of new cryptocurrencies have been added, making these features not so special anymore, because many other coins have them too. Therefore, Litecoin’s popularity has generally declined slightly.

3. Cardano (ADA)

  • Market cap: $37,967,081,946
  • Coins in circulation: 31,946,328,269

Cardano (ADA) is a proof of stake crypto platform. Stake means that the coins are held in a wallet, in exchange for a fee. The platform wants this, and therefore gives this compensation, because in this way the supply decreases because there is less on the market. When the supply falls, the price generally goes high, making the currency worth more.

Currently, as of June 22, 2021, Cardano is worth $1.20 per coin and the project has a market cap of $37,967,081,946. In total there are 31,946,328,269 coins in circulation. A well-known Dutchman among the youth who is known to have Cardano in his portfolio is Royalistiq.

4. Polka Dot (DOT)

  • Market cap: $15.310.189.270
  • Coins in circulation: 945,111,588

The development of Polkadot (DOT) started about 3 years ago. Currently, as of June 22, 2021, the coin is worth $16.20 each, which is approximately $13.63 when converted to euros. So not that expensive. The coin has a total of 945,111,588 coins in circulation, making its market cap at $15.310,189,270.

The founder of Polkadot, Dr. Gavin Wood, is also one of the founders of Ethereum and was therefore really there from the start. In fact, he is the one who coded the first version of Ethereum and in addition he wrote the yellow paper of Ethereum. The yellow paper is a document that explains the possible future of a cryptocurrency in a very technical way.

5. Bitcoin Cash (BCH)

  • Market cap: $8,616,071,671
  • Coins in circulation: 18,769.950

On August 1, 2017, Bitcoin Cash (BCH) was officially established. This is 8 years after Bitcoin and happened because several people saw problems in Bitcoin that in their opinion needed to be solved. In Bitcoin Cash, these problems of Bitcoin were solved and formed into a new currency with its own blockchain.

Via Bitcoin Cash you can easily send amounts of money from person A to person B. This is done via Bitcoin Cash, unlike many other crypto projects, not anonymously. There is no central power involved in Bitcoin Cash and therefore it contributes to the decentralization of the economy. Worldwide, the transaction costs of Bitcoin Cash are generally very low and the transaction speed is very high. In general, this transaction speed of Bitcoin Cash is higher than that of Bitcoin itself.

6. Stellar (XLM)

  • Market cap: $5,762,859,564
  • Coins in circulation: 23,170,089,343

Stellar (XLM) is a cryptocurrency that was founded in 2014. Officially, the coin was called Stellar Lumens, but it was often referred to as Stellar. Because of this, the makers decided to officially change the name to Stellar in 2015. The network on which the coin is made and works is also called Stellar. The coin was created by the non-profit organization Stellar.org.

The Stellar network is decentralized and can be used to make payments really fast. All these payments are kept in the blockchain, the ‘ledger’. This makes it virtually impossible for fraud to take place via Stellar. This is because every transaction is first checked and verified very well before it is implemented.

7. Chain Link (LINK)

  • Market cap: $7,726,556,461
  • Coins in circulation: 434.009.554

Chainlink (LINK) is an initiative that tries to come up with and implement solutions for smart contracts. One problem that some smart contracts have is the fact that they cannot cooperate with external entities. This can be a problem because there is always a need for another party to carry out this collaboration.

The most unique point of Chainlink is that it takes care of the communication between the smart contracts and everything outside. Among other things, this has ensured that the LINK coin is worth $17.94 each and has a market cap of $7,726,556,451.

8. Binance Coin (BNB)

  • Market cap: $43,259,043,807
  • Coins in circulation: 153,432,897

Binance Coin (BNB) is a coin of the Binance exchange that is world famous. It is, as it were, the website’s own currency. The Binance Coin offers various benefits and features to Binance users when they own this coin.

For example, owners of the coin receive a 50% discount on the transaction costs within the first year, a 25% discount in the second year and a 12.5% ​​discount in the third year, then 6.25% in the fourth year and this is the last discount . From the fifth year no more discount is given.

9. Tether (USDT)

  • Market cap: $62,508,883,405
  • Coins in circulation: 62,491,895,046

Tether (USDT) is one of the most famous stablecoins in the world. A stablecoin is a crypto coin to which, in principle, a fixed price is linked. The price of the coin can fluctuate slightly around this, but in principle it remains at the same price.

The name Tether comes from the English verb ‘to tether’. To tether means to bind, or to bind. This name was chosen because Tether is tied to the US dollar. The price of the stablecoin Tether therefore moves more with the US dollar.

10. Monero (XMR)

  • Market cap: $3,883,138,845
  • Coins in circulation: 17,937,042

Monero (XMR) is a digital currency, just like all the other coins in this list. The coin was founded in 2014 and is therefore fairly new if you compare it with Bitcoin, for example, but fairly old if you compare it with Safemoon, for example.

Monero mainly focuses on improving transaction speeds, transaction simplicity and transaction security. It is not super clear what exactly Monero does. It is known, for example, that the transactions that take place via Monero are completely anonymous and also completely decentralized.

11. Ripple (XRP)

  • Market cap: $28,495,473,523
  • Coins in circulation: 46,205,772,880

Ripple (XRP) has skyrocketed in a fairly short period of time . As a result, the coin is now worth $0.6197 and has a market cap of $6,839,432,384. In total, there are exactly 1 billion Ripple coins in circulation.

This enormous increase in value naturally entails a lot of attention. More and more people are suddenly interested in Ripple. Ripple’s main focus is simplifying transactions. Today, billions of cross-border transactions take place worldwide every day. This takes a lot of time and also a lot of money in transaction costs. It is precisely these two things that Ripple focuses on. They try to find cheaper and faster solutions for this.

12. Theta (THETA)

  • Market cap: $6,839,432,384
  • Coins in circulation: 1,000,000,000

Theta (THETA) is very unique from other coins. The focus at Theta is on decentralizing the streaming world, especially movies and television. They improve the streaming industry for the user, but at the same time make it cheaper. There is, of course, a lot of competition in this industry.

13. Terra (LUNA)

  • Market cap: $2,132,854,343
  • Coins in circulation: 416,949,156

According to the creators of Terra (LUNA) , volatility, meaning fluctuations in prices, within the crypto world is one of the biggest problems facing this industry and the reason why this world is not bigger than it is today.

This is why they decided to set up a stablecoin. A stablecoin is a digital currency that basically remains the same in value. So there are few fluctuations. For example, the value of Tether, a currency that will be discussed later, is linked to the value of the US dollar.

14. Dogecoin (DOGE)

  • Market cap: $26,280,799,245
  • Coins in circulation: 130,129,604,530

In a relatively short time, Dogecoin (DOGE) has really conquered the whole world. Mainly due to the statements of Elon Musk, but also by the Reddit community of the coin, the price has skyrocketed several times in a short time.

You might think, why is Dogecoin in this list. It’s a memecoin right? In principle it is. The coin was once created as a joke, as the makers themselves indicate. However, due to the enormous popularity, a team of developers is now working to actually make something of the coin. Who knows what will happen in the future…

15. Wrapped Bitcoin (wBTC)

  • Market cap: $6,257,305,246
  • Coins in circulation: 191.825

Wrapped Bitcoin (wBTC) has something quite unique. It is a way to store Bitcoin in a smart contract on the Ethereum blockchain. This smart contract can then convert a Bitcoin coin into an ERC-20 token, which is the standard token version used on the Ethereum network.

This is all quite technical, but it is certainly a nice coin to delve into. There is a lot to be found on YouTube, for example.

16. Uni-swap (UNI)

  • Market cap: $9,393,991,895
  • Coins in circulation: 575,171,206

Uniswap (UNI) is a group of programs built on the Ethereum network. Uniswap (UNI) is the cryptocurrency of this collective. Uniswap is an open source network. This means that they are very open to change and anyone can contribute to it without any limits. This is something a lot of cryptonet projects and projects have.

17. VeChain (VET)

  • Market cap: $4,924,529,987
  • Coins in circulation: 64,315,576,989

VeChain (VET) is a blockchain that was founded in 2015 by Sunny Lu. Previously, he worked for Louis Vuitton, where he realized how many major brands, such as Louis Vuitton, have to deal with counterfeit products. This costs these types of companies a lot of money, but also damages their reputation.

This is exactly the problem that VeChain is trying to solve. The VeChain blockchain facilitates authentication of goods in the production chain. Simply put, the VeChain blockchain ensures that there are no fake products, and therefore counterfeits.

18. Cosmos (ATOM)

  • Market cap: $2,104,202,316
  • Coins in circulation: 210,767,263

Cosmos (ATOM) was founded in 2014 by Jae Kwon and Ethan Buchman. At the time, the network was still called Tendermint, but later it was changed to Cosmos. In March 2017, the network launched its own token called ATOM. In the ICO (Initial Coin Offering), more than 17 million (!) dollars were raised. An Initial Coin Offering is the first sale of a new coin.

19. Kusama (KSM)

  • Market cap: $1,828,474,439
  • Coins in circulation: 8.470.098

Kusama (KSM) is the predecessor of Polkadot (DOT). It is a decentralized network and hopes to attract developers. These developers are supposed to test their projects through Kusama before going to Polkadot. Sounds very useful.

The Kusama coin is currently, as of June 22, 2021, worth $220.33 and has a market cap of $1,828,474,439.

20.Tron (TRX)

  • Market cap: $3,903,830,655
  • Coins in circulation: 71,659,657,369

Tron (TRX) is a very well-known blockchain network. The network is decentralized, as are almost all other crypto networks. The platform focuses on the entertainment industry and also has its own currency, Tron (TRX).

A unique point about Tron is that it cannot be mined. The coins are just there and can no longer be mined. Almost no other crypto has this.

21. Hex (HEX)

  • Market cap: $13,768,325,491
  • Coins in circulation: 171,410,000,000

Hex (HEX) is a network and currency that was founded on December 2, 2019 by Richard Heart. The project itself calls itself a Verification of Deposit. In other words, it guarantees and verifies a money transaction.

Hex was launched as an ERC20 token on the Ethereum network and this token is currently worth approximately $0.08 each as of June 22, 2021.

22. IOTA (MIOTA)

  • Market cap: $2,140,706,150
  • Coins in circulation: 2,779,530,283

IOTA (MIOTA) is an open source blockchain network. It is designed to verify and monitor data and value transactions.

The network was founded in 2015 by David Sonstebo, Dominik Schiener, Dr. Serguei Popov and Serge Ivancheglo.

23. EOS (EOS)

  • Market cap: $3,446,098,169
  • Coins in circulation: 954,460,054

Eos (EOS) is the official currency of the Eos blockchain, which is officially called the Eos.io blockchain. You necessarily need the Eos tokens to access the Eos.io blockchain. This blockchain is a decentralized network and according to knowledge it has a lot of potential to become very large.

24. OKB (OKB)

  • Market cap: $602,592,883
  • Coins in circulation: 60,000,000

OKB (OKB) is the official cryptocurrency of the OK Blockchain Foundation. This is a token economic system by a team of people who have achieved great success in blockchain technology.

25. Aave (Aave)

  • Market cap: $2,685,247,491
  • Coins in circulation: 12,801,283

Aave (AAVE) is a token built on the Aave protocol. This token is built on the Ethereum network and the token has something very special about it. When you own one or more tokens, you actually have control over the Aave project. You can then participate in the decision-making process about what happens to the project.

26. BitTorrent (BTT)

  • Market cap: $1,454,258,463
  • Coins in circulation: 659,952,625,000

BitTorrent (BTT) is a system through which files can be sent from party A to party B. It is widely used to obtain files illegally . Think of files such as movies , music or software.

As of January 2019, the platform has its own currency that can be used on the platform. A reward can now also be given in exchange for the files.

27. Crypto.com Coin (CRO)

  • Market cap: $2,359,110,553
  • Coins in circulation: 25,263,013,692

Crypto.com is a crypto exchange through which payments, but also exchanges in cryptocurrency can take place. The platform has its own token. The functionality of this coin will end soon, but the coin will remain.

28. FTX Token (FTT)

  • Market cap: $2,421,566,862
  • Coins in circulation: 94,346,958

FTX is an exchange through which cryptocurrencies can be traded. This exchange was founded in 2019 and offers all kinds of different crypto related projects. The FTX Token (FTT) is the proprietary currency of the FTX platform.

29. Tezos (XTZ)

  • Market cap: $2,172,078,318
  • Coins in circulation: 850,130,791

Tezos (XTZ) is a blockchain network that is unique compared to other networks. The network contains things integrated that can upgrade the platform. XTZ is the token of the platform itself. The amount of this token that people own is determined by people, including when the network is upgraded.

30. NEM (XEM)

  • Market cap: $959.905.593
  • Coins in circulation: 8,999,999,999

NEM (XEM) , which stands for ‘New Economy Movement’, was founded by a collective of blockchain enthusiasts. They wanted to make their own crypto coin and also a blockchain network. The blockchain network eventually became NEM, with the currency XEM running on it.

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