What is the Next Big Thing After Bitcoin?

Learn about Ethereum (ETH), Tether (USDT), Binance Coin (BNB), XRP, Solana, USD Coin, Cardano, Aave, SushiSwap and Ripple (XRP) - all potential alternatives to Bitcoin.

What is the Next Big Thing After Bitcoin?

Binance Coin (BNB) is the largest cryptocurrency exchange in terms of trading volumes. Like Bitcoin, Binance has a strict limit on the number of tokens in circulation (161, 337, 261 out of a maximum of 200, 000, 000 tokens). Adam Hayes, PhD., is an expert in derivatives trading, behavioral economics and finance. He holds a master's degree in economics from The New School for Social Research and a doctorate from the University of Wisconsin-Madison in sociology.

He is also a CFA and holds the FINRA Series 7, 55% 26 63 licenses. Adam is currently researching and teaching economic sociology and social studies of finance at the Hebrew University of Jerusalem. The first alternative to bitcoin on our list is Ethereum (ETH). It is a decentralized software platform that allows users to create and execute smart contracts and decentralized applications (DApps) without any downtime, fraud, control or interference from a third party. Ethereum's goal is to create a decentralized set of financial products that anyone in the world can access, regardless of nationality, ethnicity or faith.

This makes it particularly attractive to people in countries without state infrastructure or state IDs who can access bank accounts, loans, insurance or other financial products. Tether (USDT) was one of the first and most popular stablecoins that aim to link their market value to a currency or other external reference point to reduce volatility. Since most digital currencies, including major ones like Bitcoin, have experienced frequent periods of dramatic volatility, Tether and other stablecoins attempt to smooth out price fluctuations to attract users who might otherwise be cautious. The price of Tether is directly linked to the US dollar. The system allows users to make transfers more easily from other cryptocurrencies to US dollars in a more timely manner than real conversion to normal currency. Binance Coin (BNB) is a useful cryptocurrency that works as a payment method for fees associated with trading on the Binance exchange.

It is the third largest cryptocurrency by market capitalization. Those who use the token as a means of payment for the exchange can trade at a discount. Other major cryptocurrencies include XRP, Solana, USD Coin and Cardano. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions achieve financial freedom through its website, podcasts, books, newspaper columns, radio programs and premium investment services. The aggregation protocol is one of 1 inch's most useful features. Other 1-inch products include a limited order protocol that allows you to set specific trading conditions and 1inch Earn which offers annual returns of 5-10% on stablecoins. One of the reasons Aave has outperformed other lending protocols is its unique features.

Borrowers can switch from fixed to variable interest rates and vice versa. Aave is also known for its FlashLoans which are loans that do not require collateral but must be repaid in the same transaction. Aave is a governance token meaning that holders can vote on the future of the protocol and also get discounted rates when using Aave services. SushiSwap supports more than a dozen different blockchains allowing it to offer some of the most competitive rates. It's also one of the best options for betting on cryptocurrency.

It offers a wide variety of liquidity funds and makes it easy to see the percentage of annual return you can get with each of them. These technologies serve as a gateway between the digital blockchain and human society. All you need to do is install Brave's browser. This browser replaces regular Internet advertisements with advertisements that pay you in rewards specifically in BAT tokens. When you use Brave you get paid for views on your ads on the Internet instead of other companies. Brave has more than 50 million monthly active users making it one of the most successful crypto projects to date.

The biggest problem for Ripple has been demand but XRP is still one of the biggest cryptocurrencies. As Ripple's legal problems come to an end it's very likely that exchanges will start to succeed again and attract more investors.

Marci Gauer
Marci Gauer

Award-winning zombie guru. Certified bacon nerd. Infuriatingly humble social media enthusiast. Incurable internet expert. Certified coffee maven.

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