The crypto market came to life with the invention of Bitcoin in 2009. Thanks to BTC, we all have a shot at bringing the idea of a decentralized economy free from governmental and corporate control to fruition.
However, the crypto daddy BTC has been in the headlines for a number of reasons, most of them primarily as a result of the coin’s downward spiral from an all-time high worth of $69,000 per unit and is now presently trading at just under $20,000.
The dominance of BTC over the crypto market is waning, and some might identify its little mishap as a crash of the crypto market but don’t be swayed. Yes, Bitcoin (BTC) is still the biggest and largest cryptocurrency by market cap; regardless of its unfortunate spell these past few months, other crypto projects have begun to rear their heads, all aiming for a shot at the crown. These crypto projects are called altcoins.
Since the early beginnings of cryptocurrencies, when there were only a few crypto assets in circulation, the concept of an “altcoin” has shifted. An alternative cryptocurrency was defined at the time as one that was not Bitcoin (BTC).
The scope of crypto assets has expanded significantly in recent years. While they share Bitcoin’s goal of becoming the world’s first global decentralized transaction system, many currencies and tokens have goals beyond simply serving as a medium of trade.
We’ll look at three altcoin alternatives to Bitcoin (BTC), where you can store your assets. They include Adirize DAO (ADI), Tron (TRX), and Ethereum (ETH).
Adirize DAO (ADI) – A mission Against Fiat
Adirize DAO (ADI) is a stablecoin. Stablecoins, or “stable cryptocurrencies,” are digital currencies anchored to “stable” fiat money, such as the American dollar or other collateral. They attempt to eliminate the price fluctuations common with cryptocurrency and provide a stable, predetermined value.
The key phrase in this definition is “anchored to.” Many stablecoins on the market are tethered to fiat money, as the definition rightly states, but does this not defeat the purpose of decentralization in the economy? Isn’t the purpose of cryptocurrency to wage war against fiat? Adirize DAO (ADI) competitors USDT and USDC seem to sway from the path.
Adirize DAO (ADI) is on the right path and is set to develop the ADI token without the support of a fiat currency reserve but rather be a stable algorithmic token backed up by digital assets that Adirize DAO owns. Staying clear of fiat currencies immunizes ADI tokens against inflation and the unpredictability of the US dollar or other leading fiscal devices out there.
Planned as part of the Adirize DAO ecosystem, a stablecoin called ADI will be used for regular transactions; this plan lays out the details:
They want to achieve this without resorting to conventional pegs, which have historically helped maintain price stability. But if the dynamics of demand and supply determine the value of a currency, how can that currency be kept stable? The development team also has a workaround for this issue.
The value of ADI tokens will not be pegged to fiat currency but rather backed by a reserve of crypto assets owned by the protocol. As a result, the Adirize ecosystem will establish a supply of digital assets that will control liquidity in the market, eliminating the need to rent liquidity from third parties.
ADI tokens are available for grabs as its presale has gone underway. Users can reap the benefits of this ecosystem straight away from getting a 7% bonus in stage 1 o presale and a whopping 45% bonus on purchases made in the first 25 minutes of signing up.
TRON (TRX) – Rising Star
TRON (TRX) is a distributed ledger that may be used to build decentralized apps and distribute digital files. Total value locked (TVL), or the amount of money stored in decentralized finance, is also strong for TRX.
The value of all crypto assets staked, lent, or held in a liquidity pool is known as the total crypto asset value (TVL) in a decentralized finance (DeFi) system.
The greater the TVL, the more widely used the protocol and the more successful the coin. According to the most up-to-date information on the Tron ecosystem, the TVL has clocked as high as 5.7 billion, putting the network on a path to glory.
Ethereum (ETH) – Prime Challenger for The Crown
Ethereum (ETH) is the largest altcoin by market capitalization, holding roughly 20% of the approximately $1 trillion total market value of the more than 20,000 crypto assets accessible today.
In contrast to Bitcoin (BTC), which is generally considered to be nothing more than “decentralized money,” Ethereum (ETH) is a distributed computing network that allows adopters to use the shared ledger to run decentralized applications (dApps) and manage smart contracts.
The network already hosts many other projects and, with each passing day, is improving on its range of applications across various sectors of the DeFi system.
Other alternatives aside from Bitcoin (BTC) can get you as much success as you seek and even more. These three projects have the potential, and you should add them to your watchlist.
For more info on Adirize DAO (ADI), go to:
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