January starts off on a strong note for the cryptocurrency market. Most cryptos are up more than 15% in the last 2 weeks. However, some manage to outperform this metric, while others struggle to catch up. In this article, let’s list the top 5 cryptos to buy in January, apart from Bitcoin or DOGE.
Not Bitcoin or DOGE, these 5 altcoins are on the list
Ripple (XRP)
XRP is a bridge currency that facilitates the transfer of value between different currencies. The SEC filed a complaint against Ripple and its two co-founders, Christian Larsen and Brad Garlinghouse, alleging that they earned more than $1.3 billion by selling XRP to retail investors without properly registering the cryptocurrency as a security with the SEC as required by law. However, a solution is on the horizon and if that happens, the XRP price could rise above $1.
Cardano (ADA)
Cardano’s goal is to provide a secure, fast and scalable platform for the creation and use of decentralized applications and smart contracts (dApps). Cardano provides distributed consensus and transaction verification using Ouroboros’ PoS mechanism. Charles Hoskinson, co-founder of Ethereum, founded and maintains Cardano, developed and supported by the Cardano Foundation, Input Output Hong Kong (IOHK) and Emurgo. Analysts think Cardano is in a position to make drastic moves throughout the month.
Tron (TRX)
Tron is trying to speed up the transaction process of cryptocurrencies. While it can process 2,000 transactions per second, Bitcoin and Ethereum can only process 6 and 25 transactions (TPS), respectively. It is a decentralized platform that hosts content sharing and entertainment. In 2018, Tron acquired the well-known file-sharing site BitTorrent.
The ERC-20-based TRX was initially released on Ethereum, but eventually migrated to their own network. Smart contracts, multiple Blockchain systems and decentralized applications (dApps) are supported by TRON.
Sandbox
Sandbox is a Blockchain-based virtual world where users can buy, sell and even generate their own cryptocurrencies. Thanks to DAOs and NFTs, Sandbox has combined decentralization and games to create an excellent online experience. Sandbox aims to bring Blockchain technology to the masses as a mission. They not only target gamers, but also attract content creators, as users can not only play to win, but also create digital art and sell it in-game.
Dogecoin (DOGE)
Finally, Dogecoin is a cryptocurrency that was created as a joke in 2013. It is based on the “doge” internet meme featuring the Shiba Inu dog breed. Although its origins were a joke, Dogecoin has gained a significant online following and has become a popular online currency for tip creators and small online transactions. Dogecoin has no central authority and is decentralized, meaning it is not controlled by any government or financial institution.
As Cryptokoin.com reported, Dogecoin has recently been revived with the good news of Elon Musk. It is currently trading at $0.084, up 15% from last week.
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