Altcoins have soared in worth alongside Bitcoin and Ether, but because traditional currencies typically back them, altcoins aren’t operating on the same playing field as Bitcoin and Ether. Litecoin and Cardano involve less volatility and risk than alternative cryptocurrencies, but altcoins primarily ride the success train of larger digital currencies. In the last year, Tether has soared in value, but not to the same magnitude as Bitcoin and Ether.
Bitcoin’s stability is questionable, especially during today’s economic climate. New stimulus packages and outside interference has presented sustainability fears amongst trading experts. Bitcoin is blazing the way for a digital fiscal future, with the COVID-19 pandemic adding fuel to power its momentum. After Ripple Lab faces SEC’s lawsuit, XRP is still expected to bounce back on the digital market.