3 Cryptos That Beat Bitcoin

Cryptos That Beat Bitcoin: Without fail, cryptocurrency has managed to dominate a vast majority of the conversation among retail investors and traders for much of 2021. From Bitcoin to Dogecoin, investors of all shapes and sizes are desperate to find the cryptocurrency that will increase rapidly and exponentially to make the most of their investments.

With a single bitcoin costing tens of thousands of dollars just a decade after selling for under ten cents a coin, it’s easy to see why so many are putting their money and their efforts into Dogecoin. However, there are other cryptos that actually beat Bitcoin — and nothing’s stopping you from buying into them today.

Sure, there might be a higher risk compared to Bitcoin, but the potential for a massive payoff could be well worth that risk.

Ethereum (ETH) Is Not Just A Store Of Value

If you’ve invested in Bitcoin, then odds are you’ve considered investing in Ethereum at some point or another, as well. They have a lot of similarities in their conception, which naturally leads to plenty of mutual investing among retail traders — like cryptocurrency’s equivalent to peanut butter and jelly. Both are blockchain tokens, sure, but Ethereum has an advantage over Bitcoin in several key aspects.

First and foremost, there’s the fact that Ethereum took Bitcoin’s concept of a currency existing outside the confines of a central bank or intermediary and applied it to other areas of the financial world — Ethereum has demonstrated the ability to base legal contracts on blockchain tokens, and they’ve also been used as the foundation of NFTs (or non-fungible tokens) as of late.

Not to mention, Ethereum has put a lot of effort into developing something called proof of stake, which would take the massive amount of energy required to harvest crypto and substitute it with a process of validation that would effectively negate the need for expensive rigs and replace them with a more concentrated focus on the blockchain itself.

All of this technical speak boils down to his simple fact: Ethereum has shown time and time again that its ecosystem of developers are committed to innovation, and this could fare exceptionally well for investors willing to hold for the long haul.

Cardano (ADA) Is Aiming To Trump Ethereum

Unlike Ethereum, Cardano (also known as ADA) is relatively unknown, even among dedicated crypto investors who have put money into both Bitcoin and Ethereum. However, Cardano likely won’t stay this way forever — as a matter of fact, this crypto has shown immense potential and very well could boom beyond Bitcoin’s numbers eventually.

Cardano emerged back in 2017 and slowly crept its way past $1 a coin in January of 2018. After that, it fell steeply and resided around the $0.10-0.20 range for a couple of years or so. Then, come summer of 2020, Cardano slowly but surely showed signs that it’s hoping to surpass all expectations and multiply its previous high with ease.

As of May 2021, Cardano inches ever-closer to the $2 mark. Each new day seems to bring with it a new record high for Cardano, and if the trend continues, it wouldn’t be surprising to see the crypto far exceed that $2 price point and continue its upward climb.

All anyone seems to be concerned with his getting Dogecoin to top $1 a coin, meanwhile Cardano is about to nearly double that.

It’s also worth mentioning that the very concept that may send Ethereum skyrocketing is already at play with Cardano: Remember the discussion of proof of stake? This fundamental is at the core of Cardano, making this coin an investment opportunity with the potential for huge returns as well as an environmentally friendly crypto dedicated to preserving both energy consumption and the environment.

DeFi Pulse Index Is Like A Crypto ETF

DeFi is not a brand name like Ethereum or Cardano — it’s actually a portmanteau for decentralized finance, which is a fancy phrase for the concept of cryptocurrency that exists outside the bounds of centralized banking or intermediary.

What, then, is the DeFi Pulse Index? Well, as it turns out, it’s sort of like crypto’s answer to exchange-traded funds (ETFs) such as the S&P 500 on the New York Stock Exchange.

The DeFi Pulse Index ropes together several coins under one unified “token,” making it easier for retail investors and traders to get involved in the cryptocurrency market without having to diversify their investment across multiple risky coins.

While the concept of the DeFi Pulse Index is relatively new, it’s not surprising to see it already taking off, especially when you take into account just how many stock investors depend on the S&P 500 and other ETFs to bring in their returns. It’s feasible they may be just as comfortable with the DeFi Pulse Index.

When the DeFi Pulse Index debuted in September of 2020, the coin was trading for around $125 per token. Now, nearly nine months later, the DeFi Pulse Index is going for nearly four or five times that initial amount: over $550 dollars and rising.

At not even a year old and already trading at several times higher than what it was at launch, it wouldn’t be out of the ordinary whatsoever to see the DeFi Pulse Index continue to climb upwards — especially when you view it as a somewhat more dependable and less outwardly risky investment than simply buying up individual cryptocurrencies.

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The author has no position in any of the stocks mentioned. Financhill has a disclosure policy. This post may contain affiliate links or links from our sponsors.