PrimeXBT Adds Cardano, Chainlink, Solana, And Other Altcoins To Growing Lineup
Imagine pulling up to the lot of the local auto dealer, and the showroom is filled with a lineup of the most interesting exotic supercars, luxury vehicles, and more. It is a sight to behold that no one can ignore.
A similar situation has emerged due to PrimeXBT adding some of the most popular altcoins in the crypto market today to the advanced trading platform. After you take a look at the complete list yourself, you’ll understand the comparison to the high-performance muscle cars you see above.
Crypto Traders Ditch The Old Models For New Rides
Crypto investors and traders these days are starting to trade in their old models – Bitcoin and Ethereum – for newer, faster rides. Although Bitcoin commands the most market cap, the high price per coin makes it only attractive to the wealthy or institutions. Ethereum is priced more reasonably for anyone to afford, but ongoing issues with high ETH gas fees and scalability challenges continue to plague the network.
This has recently allowed so-called Ethereum killers to gain the upper hand and handsomely outperform both Bitcoin and Ethereum by a large margin. Solana, for example, boasts the “fastest blockchain in the world” has risen 15,000% since the start of 2021. Ethereum has defied all odds in the same timeframe yet has only performed 500% in the positive.
Cardano is another competitor blockchain with smart contracts only now rolling out but has recently given Ethereum a run for its capital, creeping up right behind the top altcoin and ranking third by market capitalization. Dogecoin is yet another altcoin asset that has had an undeniable run of ROI.
The ongoing altcoin season has prompted PrimeXBT to take note and has listed seven of the most buzzed-about crypto assets of 2021.
PrimeXBT Increases Lineup With High-Performance Altcoins
PrimeXBT is an award-winning broker for crude oil trading, gold, crypto, stock indices, and more. Previously the list of cryptocurrencies included Bitcoin, Ethereum, Litecoin, and EOS, but as of the most recent asset listing, the platform now offers trading pairs for Cardano, Chainlink Solana, Dogecoin, Uniswap, Polkadot, and XRP.
Each of the seven new altcoins listed is available to trade with long and short positions, with up to 1:20 leverage on all trading pairs. PrimeXBT is also home to the Covesting copy trading module, which connects strategy managers with followers. Followers can copy the trades of strategy managers, who now can access the best performing altcoins in the industry for even greater total profits across the board. Covesting strategy managers can trade any of the same altcoins, with the only catch being that leverage drops to 1:10 to ensure a safer trading environment for followers.
PrimeXBT also offers followers a stop loss and take profit feature, preventing unwanted drawdowns and books profits without losing a spot following a strategy manager. Followers can also use fully transparent performance data on risk or success to gauge which strategy managers are worth the follow.
The Ethereum Killers: ADA, SOL, and DOT
It is hard to go anywhere these days without running into these coins at the center of discussion, but for those that aren’t thoroughly familiar with what these crypto assets are or what the technology does behind them, this breakdown is for you.
Both Cardano and Polkadot were founded separately by Ethereum co-founders Charles Hoskinson and Gavin Wood, so that alone should tell you a lot about their potential. Cardano more closely rivals Ethereum, which has recently rolled out Plutus smart contracts as part of a long-awaited Alonzo hard fork. Cardano rose from pennies around Black Thursday in 2020 to more than $3 per coin at the high. Targets for the coin are closer to $10 long-term.
Polkadot relies on cross-chain technology to link other blockchains together and create a broader, wider-sweeping blockchain community. Interoperability is at the forefront, and the coin’s tokenomics are some of the best in the industry.
With Ethereum killers as the focus, Solana is the next token that must be mentioned for now. The blockchain is pitched as the fastest around, and it already is bursting with DeFi and NFT activity, just like Ethereum. Solana is another coin that has risen from mere cents to reach more than $200 per SOL.
Doors Are Now Open To Top DeFi Tokens LINK And UNI
Speaking of DeFi, the decentralized oracle Chainlink was also added to PrimeXBT, making it one of two more DeFi-centric tokens. Chainlink’s technology was honored as a technology pioneer in 2020, which supplies other DeFi protocols and blockchains with tamper-resistance, high-quality data feeds.
The second DeFi token, as the Uniswap governance token UNI. UNI lets token holders vote on changes to the automated market maker protocol. Uniswap has become hugely popular in its own right, allowing crypto users to trade obscure coins or provide liquidity for trading pairs and receive an APY reward in exchange.
Finally, the last two coins on the list have been around for some time but are recently back in the spotlight. XRP being listed on PrimeXBT is a sigh of relief for Ripple holders, while the addition of Dogecoin has caused “much wow” with fans of the meme coin. Doge to inr is another coin that has made many lucky investors life-changing wealth.
Teaching Old Dogs New Tricks With PrimeXBT
PrimeXBT doesn’t just offer all these coins, but it provides them alongside forex, stock indices, commodities, and other crypto assets, all from a single account protected by bank-grade security. The award-winning platform is the safest and most reliable experience around, with an individual account manager assigned for a fully personalized experience.
Nowhere else can traders build such a diverse portfolio under one roof. The advanced trading platform even includes built-in technical analysis tools and a company blog with tons of trading advice and tops. There is also 24/7 live support and a free mobile app to manage it all while on the go.
For those who missed out on these coins’ initial interest, a second wave could be here soon with their debut on PrimeXBT.