Top 5 Altcoins Under $100 With Great Utilities Demand

A cryptocurrency is a type of digital currency that can be used to make purchases of goods and services and uses strong cryptography to secure online transactions. Altcoins refer to cryptocurrencies other than Bitcoin.

These unregulated currencies attract a lot of interest from traders looking to make a profit, with speculators sometimes driving prices higher. The most widely used cryptocurrency, bitcoin, has seen erratic price swings this year. Investors have a wide range of options when it comes to selecting suitable digital assets from thousands of altcoins listed on CoinMarketCap.

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Top 5 Altcoins Under $100 With Great Utilities Demand

Solana

One of the best known cryptocurrencies is Solana. With a gain of over 10,000% over the past year, Solana has been the top performer among these top cryptocurrencies. As a substitute for Ethereum, Solana has attracted a large number of investors. Smart contracts are supported by both blockchains. But compared to Ethereum, Solana offers much faster processing times and cheaper transaction costs.

SOL_1D_graph_coinmarketcap

Source: Coinmarket

Solana’s price today is $11.31, with a market cap of $4 billion and 24-hour trading volume down 18.46%. It now stands at $133 million. At the same time, the circulating supply is approximately 367,056,407 SOL.

avalanche

Avalanche is a rival of Ethereum in terms of cryptocurrencies and blockchain platforms. The Avalanche blockchain uses smart contracts, similar to Ethereum, to support a number of blockchain projects. AVAX is the native token of this platform. Due to the random nature of its consensus mechanism, Avalanche can be considered secure. According to Avalanche, its platform supports more robust security measures that make the blockchain 51% less susceptible to attacks than other blockchains.

AVAX_1D_graph_coinmarketcap1

Source: Coinmarket

Avalanche coin price today is $11.70, with a market cap of $3.6 billion and 24-hour trading volume up 76.25%. It now stands at $104 million. At the same time, the circulating supply is approximately 311,578,962 AVAX.

Attached

By market value, Tether is the third largest digital currency in the world. However, it differs significantly from bitcoin and other digital currencies. Tether is an example of a stablecoin. These are digital currencies which, unlike the majority of cryptocurrencies, which are known to be volatile, are linked to tangible assets, such as the US dollar, to maintain a stable value. Tether is intended to be pegged to the US dollar. The price of Tether usually equates to $1, unlike other cryptocurrencies whose values ​​fluctuate frequently.

USDT_1D_graph_coinmarketcap

Source: Coinmarket

Tether’s price today is $0.9999, with a market cap of $73 billion and 24-hour trading volume up 40.91%. It now stands at $15 billion. At the same time, the circulating supply is around 66,247,647,090 USDT.

LITECOIN

Litecoin, which is also called Bitcoin’s money gold. However, it was developed by Charlie Lee and released in 2011, just two years after Bitcoin. Basically, it was produced by a hard fork of the main Bitcoin blockchain network. It was originally created to allay developer concerns that Bitcoin was becoming too centralized.

LTC_1D_graph_coinmarketcap

Source: Coinmarket

Litecoin price today is $69.05, with a market cap of $5.8B and 24-hour trading volume up 151.7%. It now stands at $408 million. At the same time, the circulating supply is around 71,912,055 LTC.

AXIE INFINITY

Axie Infinity is one of the best-known blockchain-based games. However, it was created by Sky Mavis in March 2018 and is based on non-fungible tokens. For its in-game economy, which uses Ethereum-based ERC-20 tokens, it is one of the best metaverse cryptocurrency projects. The object of this game is for players to play, strike and collect NFTs.

AXS_1D_graph_coinmarketcap1

Source: Coinmarket

Axie Infinity is priced today at $6.89, with a market cap of $1.8B and 24-hour trading volume up 54.23%. It now stands at $43 million. At the same time, the circulating supply is approximately 99,634,148 AXS.

Also Read: Top 5 Altcoins Under $1 That Could Roar 100x By The End Of 2023

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The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication assumes no responsibility for your personal financial loss.

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