7 Cryptocurrencies Better Than Bitcoin

What Crypto Will Replace Bitcoin?

6 Min Read
Last Updated July 23rd 2021

Which cryptocurrency will beat Bitcoin in the next few years? Is Bitcoin really the best crypto? How long will Bitcoin last? Let’s look at the cryptos that have the best chance of dethroning BTC.

Bitcoin is a goliath in the cryptocurrency market. We all know it. It’s the first crypto, the most expensive crypto, the crypto that gets the most news coverage. BTC tops most lists!

But, let’s face it, it isn’t the best of the best, is it? According to CoinMarketCap, there are at least 10,954 cryptos out there today, and that’s a hell of a lot.

Chances are at least one of them must be better than Bitcoin BTC, whether that’s in terms of tech or investment opportunity.

Top Cryptocurrencies Better Than Bitcoin

These 7 cryptocurrencies can outshine BTC in a hundred different ways.

  1. Bitcoin Cash (BCH)
  2. Cardano (ADA)
  3. Ethereum (ETH)
  4. Algrorand (ALGO)
  5. Litecoin (LTC)
  6. Dogecoin (DOGE)
  7. Binance Coin (BNB)

 

1. Bitcoin Cash (BCH)

Bitcoin’s little brother is the best alternative to Bitcoin if you want a cryptocurrency like Bitcoin but that’s a little bit more practical.

BCH’s primary difference to Bitcoin is that its blocks are significantly larger, allowing it to support more transactions per block, speed up transaction times and lower fees.

As an investment, however, BCH will likely struggle to compete with BTC. While many of the top cryptos reached new all-time highs in the 2021 bull run, BCH struggled to reach its 2017 all-time high, suggesting that traders are losing interest.

Still, for those who want a crypto to make everyday transactions, BCH is better.

Check Out: 15 Reasons Why You Should Invest in Bitcoin Cash Today

2. Cardano (ADA)

For a long time now, people have been super excited for the eventual arrival of Cardano’s smart contracts, and when this happens (should do in 2021), Cardano could surge dramatically.

Cardano has a peer review system where new changes are heavily scrutinised to ensure that they are perfect.

While Cardano isn’t strictly trying to compete with Bitcoin (it wants Ethereum’s spot), it is a third-generation crypto that uses proof-of-stake, theoretically making it a lot better.

Plus, Cardano was the first crypto to introduce the idea of using multiple chains - one for transactions, one for smart contracts.

Don't Miss: Why Cardano Will Skyrocket 

3. Ethereum (ETH)

Not only is Ethereum the second-largest crypto by market cap, but it also holds the most chance of dethroning Bitcoin.

In terms of investment and popularity, Ethereum comes again second. It has an army of developers working not just on building the platform, but on dApps that work on top.

ETH has become more than the standard. It’s become a centrepiece of an ecosystem with tonnes of other tokens working on its blockchain and connections to most other cryptos.  

While it operates in a slightly different market, it still manages to do everything Bitcoin does and much more.

Read Also: Will Ethereum Be Worth More Than Bitcoin By 2030?

4. Algrorand (ALGO)

Algorand goes back to some of the original concepts that birthed Bitcoin and blockchain technology, specifically decentralisation and transparency.

ALGO has learned from Bitcoin’s mistakes and aims to prevent groups from acquiring too much power on the blockchain.

With Algrorand, there is only a single class of users, and no one is above anyone else.

Users are randomly and secretly chosen to validate blocks, preventing groups from taking a large amount of the power, like Bitcoin miners who have a considerable amount of authority.

Algrorand is also a permissionless and ‘pure proof-of-stake’ crypto that boasts that its speed matches that of payment services.

Don't Miss: 10 Reasons Why You Should Invest In Algorand (ALGO) Today 

5. Litecoin (LTC)

If Bitcoin Cash is Bitcoin’s little brother, Litecoin is like its half-brother - remarkably similar in many ways but with some big differences.

The biggest difference between these two is that Litecoin uses a different hashing algorithm called Scrypt, while Bitcoin uses SHA-256, which is seen as less efficient.

And like Bitcoin Cash, Litecoin is much better at facilitating transactions, being a lot faster and cheaper to use.

Litecoin is sometimes thought of as an experimental chain for Bitcoin where things can be tested out before being implemented on BTC.

Check Out: 5 Reasons Why Litecoin Could Double Your Money

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6. Dogecoin (DOGE)

Now, while the choice of Dogecoin might surprise you, we are strictly talking about it in terms of an investment opportunity, and a short-term one at that.

What Dogecoin and Bitcoin have in common is that they both have devoted followers. But what makes them different is that Dogecoin’s army can be a lot more proactive and organised than Bitcoin’s.

On Reddit, the Dogecoin community has been super active and led a huge buying wave in the hopes of emulating what WallStreetBets did for GameStop stock.

It worked very well and could be a great opportunity to make some quick cash if they lead another wave.

Read Also: Will Dogecoin Make Me Rich In 10 Years?

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7. Binance Coin (BNB)

Binance Coin has some of the best use cases in the cryptocurrency market today, particularly after the launch of the Binance Smart Chain in September 2020.

The BSC, Binance Coin’s second chain, hosts smart contracts and is the third-largest DeFi platform. It has put Binance Coin in competition with Ethereum and Cardano.

BNB did so well in the 2021 bull run that for a brief period it held the third-largest spot by market capitalisation after Ethereum.

Binance Coin could compete against Bitcoin in how easy it is to use to pay for products and services.

Check Out: Why Binance Coin Would Be A Good Investment? 

Recap: Top 7 Best Crypto Assets Better Than BTC

  • Bitcoin Cash (BCH)
  • Cardano (ADA)
  • Ethereum (ETH)
  • Algorand (ALGO)
  • Litecoin (LTC)
  • Dogecoin (DOGE)
  • Binance Coin (BNB)

Key Points

If you remember anything from 7 Cryptocurrencies Better Than Bitcoin, make it these key points.

  • Bitcoin Cash and Litecoin stand out as similar alternatives to Bitcoin. Both facilitate transactions much better.
  • Cardano, Ethereum and Binance Coin can compete with Bitcoin and have other functionalities. They are more equipped for smart contracts, dApps, DeFi, and are more efficient.
  • Dogecoin could be better than Bitcoin, but only as a short-term investment opportunity. Its highly active community has managed to pump the price of DOGE at several points in 2021.
  • Algrorand is far more decentralised than Bitcoin. All users are the same and validators are chosen randomly, preventing miners from monopolising control.

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FAQs

Still have questions on cryptos better than BTC? Perhaps these frequently asked questions will help.

Is There A Better Cryptocurrency Than Bitcoin?

While Bitcoin may be the first and most well-known crypto, it’s by no means the best. Technology will continue to develop that will likely supersede Bitcoin as a more efficient and usable alternative.

What Is The Best Alternative To Bitcoin?

The best alternative to Bitcoin depends on what you’re looking for. If you want a transactional crypto, then Bitcoin Cash or Litecoin may be the best.

But that ignores proof-of-stake cryptos which are seen as more efficient and smart contract platforms like Ethereum.

What Makes Bitcoin Better Than Other Cryptos?

As an investment, Bitcoin’s popularity and scarcity are what gives it much of its value. Together they create a huge demand for Bitcoin, which does two things - 1) increases its value, 2) makes the network a lot more secure.

Which Cryptocurrency Has The Most Potential?

Ethereum has the most potential, particularly in 2021 if it manages to successfully transition from proof-of-work to proof-of-stake.

Transitioning to proof-of-stake will make Ethereum a lot more efficient and allow them to provide a more dependable service.

In Ethereum’s current form, as a proof-of-work crypto, it struggles to deal with congestion and transactions. With that issue out of the way, there would be little to stop ETH.

Which Cryptocurrency Has The Best Future?

Cardano by far has the best future ahead of it. It has gained a huge following and is the fifth largest crypto by market cap and is yet to release much of its awaited functionalities.

If you found our article 7 Cryptocurrencies Better Than Bitcoin interesting and informative, please share it with anyone who might be interested in crypto investing.

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