New Crypto Investors: Which Altcoins Are Worth Investing In?

New crypto investors can easily be confused by the abundance of options. Altcoins –defined as anything not Bitcoin – can bring lucrative results but can also backfire badly. We take a look at three altcoins – Solana (SOL), Bitget (BGB), and the new crypto Rollblock to see which altcoins are worth investing in.

Cryptocurrency provides a vast landscape of investment options, each promising varying degrees of return. Among these, altcoins – defined as any cryptocurrency that is not Bitcoin – can present both lucrative possibilities and substantial risks. To navigate this realm effectively, beginners are advised to consider a diverse approach, allocating funds across multiple altcoins to mitigate potential losses.

In this article, we will delve into three promising altcoins: Solana (SOL), Bitget (BGB), and the up-and-coming crypto Rollblock. We will explore their unique characteristics, investment potential, and how to acquire them.

Solana (SOL): The Layer1 Token Poised for Future Dominance

Solana is a layer1 blockchain, akin to Ethereum and Bitcoin. These foundational networks serve as the pillars of the entire cryptocurrency ecosystem. Over the past five years, Solana has risen to prominence as one of the leading layer1 chains,跻身 crypto’s Top 5.

As a layer1 token, SOL is the native cryptocurrency of the Solana blockchain. Its primary utility lies in facilitating transactions and powering decentralized applications (dApps) built on Solana. With a vast and rapidly growing developer community, Solana boasts a diverse range of dApps, including decentralized exchanges (DEXs), non-fungible token (NFT) marketplaces, and gaming platforms.

Solana is renowned for its exceptional speed, boasting the capability to process thousands of transactions per second (TPS). This blazing-fast performance makes Solana ideal for applications that demand high throughput, such as DEXs and NFT minting. In contrast, Bitcoin and Ethereum typically handle a few transactions per second (TPS).

Moreover, Solana is incredibly cost-efficient, with transaction fees usually amounting to fractions of a cent. This characteristic further enhances Solana's appeal, especially for smaller transactions or users seeking to minimize expenses.

To acquire Solana (SOL), it is readily available onBinance, FTX, OKX, Huobi, Gate.io, and other major cryptocurrency exchanges.

Bitget Token (BGB): A Dark Horse Candidate to Supercharge Portfolios

While Solana is a well-established layer1 token and Rollblock presents a compelling use case, Bitget emerges as an intriguing dark horse to consider for investment.

As the driving force behind the Bitget crypto exchange, the BGB utility token plays a pivotal role in the exchange's operations. Commencing trading at around $1.00 in December 2022, BGB has already experienced a substantial surge, currently valued at over $6.00.

Bitget, a centralized exchange (CEX), ranks among the world's top crypto exchanges, boasting a vast user base and high trading volumes. The exchange offers a comprehensive suite of trading services, including spot, futures, and options markets, catering to diverse traders' needs.

BGB serves as an integral part of the Bitget ecosystem, offering holders various benefits, such as reduced trading fees on the exchange. Moreover, BGB holders are entitled to participate in exclusive events, airdrops, and governance initiatives.

To acquire Bitget Token (BGB), it is available onBinance, FTX, OKX, Huobi, Gate.io, and other major cryptocurrency exchanges.

Rollblock (RBLK): The Newest Crypto Casino Paying Out Big Bucks

Among the vast array of altcoins, one type of altcoin that new crypto investors may encounter is the utility token. As opposed to a cryptocurrency designed primarily as a currency or store of value, such as Bitcoin or Solana, a utility token facilitates interactions on any given platform.

The most well-known example of a utility token is BNB, which fuels the Binance exchange. However, other altcoins perform similar functions, and Rollblock’s RBLK token is a prime case in point.