The top 5 crypto coins to choose besides BTC in the near-term are even now surging in value and having amazing fundamentals. Many of them see subsequent ATH daily so let’s read more about it in today’s altcoin news.
ETH saw a nice increase in the past week and it managed to break the coveted $2000 mark for the first time ever. The cryptocurrency has a lot going for it as the 2.0 Beacon Chain sees a record-breaking amount of coins staked before the launch. The network is also used by some of the biggest stabelcoin issuers like Tether’s USDT. Defi is surging as well and the field is seeing some new projects being built constantly while ETH lags behind. But, the coin saw a correction and prepares to hit the $2K price range again.
Next up we have Pancakeswap’s CAKE which is the leading decentralized exchange on the Binance smart chain. CAKE became the first project to cross the $1 billion mark in terms of total market cap a few days ago. CAKE is also the native token of PancakeSwap and it saw huge growth and a surge in interest. One of the reasons for this was the attractive yield APY seekers that can enjoy staking to get more. The coin surged in value with the BSC showing zero signs of slowing down.
BNB is another coin among the top 5 crypto coins to choose from as it was skyrocketing the past week. The coin saw a huge surge of 150% as it set a new ATH of $350. BNB saw a correction today dropping to $222 but it recovered quickly. The massive demand for Binance’s Smart Chain is boosting the price of the coin higher and this coupled with the tokenomics where Binance burns a chunk of the supply, could continue increasing the price of the crypto up.
DOT increased by more than 40% and still remains a rival to ETH. Most DeFi projects are attracted to the cheaper transactions which are easily seen in the growth of the ecosystem. Finally, we have AAve. While being slow the past week and getting down, this project performs well especially when ETH is on the move. The cryptocurrency is up by 22% from its ATH and it is getting even more steam.
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