Bitcoin started a trend and blew off the roof last year. When the digital currency got to its all-time high of $20k in December last year, a lot of people became instant BTC millionaires. That massive increase has been predicted once again, outrageous in some instances and modest in some.
The coin continues to inspire, but in this year, altcoins are getting more attention in the crypto world. The value of Ethereum also increased substantially last year, showing that it is possible for an altcoin to have a great run.
This is the major reason why putting your money on some of the altcoins could prove very profitable. Two of these altcoins with a lot of potential are VeChain (VEN) and IOTA (MIOTA). Here is why you should consider these altcoins rather than bitcoin.
Bitcoin Has Issues
Bitcoin came into play with the aim of providing almost zero transaction fees. Nevertheless, the digital currency ended up doing the opposite, buckling under high transaction fees and scalability.
On the other hand, VeChain (VEN) and IOTA (MIOTA) which are BaaS (Blockchain-as-a-service) network, take advantage of blockchain technology to offer a highly scalable and trust-free platform. By having higher throughputs, both altcoins are well-composed to continue penetrating the crypto market as more and more projects are coming up.
Growth Potential and Real-World Uses
The VeChain team and IOTA team have pushed both digital currencies to the edge of a key breakout in terms of usability. BTC may have more recognition, but it does not have the widespread use case that these two altcoins command.
The Market Details of VeChain and IOTA
IOTA is trading at $1.5 with a market cap of $4.1 billion. VeChain is sitting at the number 16 position with a market capitalization of $2 billion, and it is currently trading at $3.66.
Although the value of bitcoin has been predicted to increase to about $100k this year, the prediction is not based on real-life use cases, and it may not be achieved. VEN and MIOTA offer a better potential for future growth.