Up and coming crypto coins8/26/2023 ![]() Readers who are interested in the intersection of financial technology (fintech) and cryptos might want to research Celsius further. With a market cap of $1.2 billion, the token currently ranks as the 88th largest cryptocurrency in the space according to CoinMarketCap. Users can access the Celsius platform on both the web and its mobile app.ĬEL-USD currently trades around $5. After creating a crypto savings account, investors can earn yields.Ĭelsius’ native token, CEL-USD, serves various internal functions, such as rewards and boosting user payouts if used as the payment currency. Launched in 2017 by Alex Mashinsky and Daniel Leon, Celsius is a blockchain-integrated financial services platform for cryptocurrency users who receive interest payment based on their holdings. Against this backdrop, here are eight altcoins that each have the potential to last long and become the next big thing.įirst up on this list searching for the next big crypto is Celsius. Hence, investors need to do their homework before jumping in. Many analysts are also debating whether many of these altcoins can last. As such, altcoins are not suitable for all investors. But the prices of these assets are still typically highly volatile. In this context, the launch of the first exchange-traded fund (ETF) tied to BTC futures should further boost prices. ![]() Of course, I should remind readers that altcoin prices tend to follow in Bitcoin’s footsteps. The most important crypto after BTC is Ethereum (CCC: ETH-USD), which has a market cap of $506 billion. Right now, there are more than 100 altcoins valued at over $1 billion, implying a flourishing digital ecosystem. Altcoins offer a way for crypto investors to diversify beyond BTC. However, the market share of altcoins - or digital currencies other than Bitcoin - is also expanding. With a market capitalization of around $1.2 trillion, BTC accounts for over 60% of the cryptocurrency market. (BITO provides indirect exposure to Bitcoin because it does not invest in BTC, but instead holds futures contracts.) On top of this sentiment, the launch of the ProShares Bitcoin Strategy ETF (NYSEARCA: BITO), a futures fund, was another key catalyst. ![]() regulators will continue to take a moderate stance on cryptocurrencies rather than crack down on the market. This has been largely driven by the growing market sentiment that U.S. Meanwhile, investors are searching for the next big crypto leader among hundreds of tokens and coins.įor the past one month, Bitcoin prices have increased some 42%. 20, surpassing the previous record set in April. Bitcoin (CCC: BTC-USD), the world’s most valuable cryptocurrency, recently hit a new all-time high (ATH) of nearly $67,000 on Oct. 27 to correct the name of Terra’s USD-backed stablecoin and to remove irrelevant references to the Tether (USDT-USD) stablecoin.Ĭryptos are making headlines and the rally in digital assets is showing no signs of slowing down. Editor’s note: This article was updated on Oct.
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