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Bitcoin (BTC) is the most popular cryptocurrency in the highly volatile cryptocurrency market. Crypto investors are highly invested in BTC to drive profit in crypto wallets despite the high volatility of this cryptocurrency. The integration of blockchain networks has helped in the development of Bitcoin for a long period of time. Meanwhile, altcoins are known for following Bitcoin (BTC), meaning directly related to the topmost cryptocurrency. If BTC rises, altcoins will rise. If BTC falls, altcoins will also fall. There are multiple reasons for this relationship of BTC and altcoins such as Bitcoin is the mother of all cryptocurrencies and altcoins, altcoin exchange rates are priced against BTC, and many more. Let's explore some of the top ten altcoins that are directly related to Bitcoin and are ready to follow the patterns of BTC.
Polkadot is one of the top altcoins with an open-source sharded multichain protocol connecting and securing a network of specialized blockchains and facilitating the cross-chain transfer of any data. It was designed to offer a foundation for a decentralized internet of blockchains for crypto investors. It helps to connect public and private chains with permissionless networks.
Solana is known as a highly functional open-source project that depends on blockchain technology to offer decentralized finance solutions. It is designed to facilitate DApps for enhancing the scalability with the introduction of Proof-of-History (PoH) consensus with the combination of Proof-of-Stake (PoS).
Avalanche is one of the top altcoins directly related to Bitcoin for being the fastest smart contracts platform in the blockchain industry. It offers a fast, low-cost, as well as eco-friendly platform that enables any smart contract-based application to outperform its competition with this altcoin. Crypto investors can use this platform to pay fees and secure the platform with staking.
Near Protocol is a well-known altcoin following BTC as a layer-one blockchain designed as a community-run cloud computing platform. It also helps to eliminate limitations that create low transaction speeds, low throughput, as well as poor interoperability. This altcoin is known for offering an ideal environment for decentralized applications and creating a user-friendly platform for crypto investors.
Chainlink is one of the top altcoins that acts as a blockchain abstraction layer to allow universally-connected smart contracts. It allows blockchains to securely interact with different external data feeds, events, as well as payment methods to become the dominant form of digital agreement. The main aim is to ensure the guarantee of decentralized participation for all node operators and crypto investors looking out for contributions to the network.
Polygon is known as the well-structured and easy-to-platform for Ethereum scaling as well as infrastructure development. The core element is a modular and flexible framework, as well as supports different types of applications. It can help to create optimistic rollup chains, ZK rollup chains, and many other stand-alone chains that are needed by the community of developers. The altcoin is a combination of the Plasma framework and the Proof-of-Stake blockchain architecture for a seamless experience to crypto investors.
Theta is one of the popular altcoins as well as a blockchain-based network purpose-built for video streaming. It operates as a decentralized network where crypto investors can share bandwidth and computing resources on a peer-to-peer basis. This altcoin can perform multiple governance duties within the network efficiently and effectively. It offers two native tokens such as Theta (THETA) as well as Theta Fuel (TFUEL).
Uniswap is a leading altcoin following Bitcoin for crypto investors to swap, earn, and build on the leading decentralized cryptocurrency trading protocol. It is known for offering TrustWallet as the most trusted and secure crypto wallet, Rotki as the open-source portfolio tracker and analytics tool, Universe Finance as the smart vault provider, Gelato as the automated smart contract execution on Ethereum, and many more for crypto investors to follow with BTC.
Lucky Block is a popular altcoin providing an open platform for crypto games and competitions with play-to-earn rewards with blockchain protocols. It operates on the Binance Smart Chain for developing further transparency and fairness in cryptocurrency games. This altcoin offers a solid rewards strategy for crypto investors while contributing to the community.
Cosmos is one of the top altcoins that will fall if Bitcoin falls in the highly volatile cryptocurrency market. The Cosmos project is known for solving the hardest problems of the blockchain industry with an antidote to slow, expensive, unscalable, and environmentally harmful Proof-of-Work protocols. It leverages a modular framework that can demystify decentralized apps for blockchain networks to communicate with each other seamlessly.
