January starts off on a strong note for the cryptocurrency market. Many cryptos are up more than 15% in the last 2 weeks. However, while some manage to surpass this metric, 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
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, arguing that they made more than $1.3 billion in revenue by selling XRP to retail investors without registering the cryptocurrency as SEC-compliant, as required by law. However, analysis is on the horizon and according to crypto analysts, if this happens, the XRP price could rise above $ 1.
Cardano’s goal is to provide a reliable, fast and scalable platform for the creation and use of decentralized applications and smart contracts (dApps). Cardano provides distributed consensus and process 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 is trying to speed up the process of cryptocurrencies. While it can process 2,000 processes per second, Bitcoin and Ethereum can only process 6 and 25 processes (TPS), respectively. It is a decentralized platform that hosts content sharing and entertainment. In 2018, Tron acquired the well-known document sharing site BitTorrent.
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 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 gaming to create a seamless online experience. Sandbox aims to bring Blockchain technology to the masses as a mission. Not only do they target gamers, they also attract content creators, as users can not only play to win, but also create digital art and sell it in-game.
Finally, Dogecoin is a cryptocurrency that was created as a joke in 2013. It is based on the “doge” internet chest, which includes the Shiba Inu dog breed. Although its origins are a joke, Dogecoin has gained a valuable online following and has become a recognized 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.
Dogecoin was revived a short time ago with the announcement of Elon Musk. It is currently trading at $ 0.084, up 15% compared to last week.