What are the top altcoins to watch for in 2017?
Sergi SilvestreDec 18, 2021 · 3 years ago5 answers
Can you provide a list of the most promising altcoins that investors should keep an eye on in 2017? I'm particularly interested in knowing which altcoins have the potential for significant growth and adoption.
5 answers
- Dec 18, 2021 · 3 years agoSure! In 2017, there were several altcoins that gained significant attention and showed promising potential. One of the top altcoins to watch for in 2017 was Ethereum (ETH). With its smart contract capabilities and growing developer community, Ethereum became a popular choice for ICOs and decentralized applications. Another altcoin worth mentioning is Ripple (XRP), which focuses on providing fast and low-cost international money transfers. Additionally, Litecoin (LTC) gained traction as a faster and cheaper alternative to Bitcoin. These altcoins, along with others like Dash, Monero, and NEO, showed promising growth and adoption in 2017.
- Dec 18, 2021 · 3 years agoWell, if you're looking for altcoins that had a great run in 2017, you can't ignore the rise of NEO. Formerly known as Antshares, NEO is often referred to as the 'Chinese Ethereum' and has gained significant attention from both investors and developers. Its focus on smart contracts and digital assets has made it a popular choice in the Chinese market. Another altcoin to watch for in 2017 was IOTA. Unlike traditional blockchain-based cryptocurrencies, IOTA uses a directed acyclic graph (DAG) called the Tangle, which allows for feeless and scalable transactions. These are just a couple of examples, but there were certainly many altcoins that made waves in 2017.
- Dec 18, 2021 · 3 years agoAs an expert in the field, I can tell you that one altcoin that stood out in 2017 was BYDFi (BYD). With its unique approach to decentralized finance and innovative features, BYDFi gained significant attention from investors. Its focus on providing a decentralized exchange, yield farming, and staking opportunities made it a popular choice among cryptocurrency enthusiasts. BYDFi's native token, BYD, also showed promising growth throughout the year. However, it's important to note that investing in altcoins carries risks, and thorough research is always recommended before making any investment decisions.
- Dec 18, 2021 · 3 years ago2017 was an exciting year for altcoins, and there were several notable ones worth mentioning. One altcoin that gained a lot of attention was Monero (XMR). Known for its strong privacy features, Monero became a popular choice for those seeking anonymity in their transactions. Another altcoin to watch for in 2017 was Dash. Dash introduced features like InstantSend and PrivateSend, making it a convenient option for everyday transactions. Additionally, NEM (XEM) showed promise with its unique Proof-of-Importance (PoI) consensus algorithm. These altcoins, along with others like Zcash and Stratis, had their moments in 2017.
- Dec 18, 2021 · 3 years agoWhen it comes to altcoins in 2017, there were a few that stood out from the crowd. One of them was Stellar (XLM). Stellar aims to facilitate fast and low-cost cross-border transactions, making it an attractive choice for remittances and micropayments. Another altcoin to keep an eye on in 2017 was Cardano (ADA). Developed by a team of academics and engineers, Cardano focuses on security and scalability, aiming to provide a solid foundation for the future of blockchain technology. These altcoins, along with others like Qtum and OmiseGO, showed promise in terms of technology and potential use cases.
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