{"id":438773,"date":"2023-09-13T12:48:44","date_gmt":"2023-09-13T12:48:44","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=438773"},"modified":"2023-09-14T16:33:01","modified_gmt":"2023-09-14T16:33:01","slug":"5-best-altcoins-to-invest-in-right-now-compound-rollbit-coin-polkadot","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/5-best-altcoins-to-invest-in-right-now-compound-rollbit-coin-polkadot","title":{"rendered":"5 Best Altcoins To Invest In Right Now – Compound, Rollbit Coin, Polkadot"},"content":{"rendered":"

Following up on our previous highlight on <\/span>the best altcoins to invest in<\/span><\/a>, we bring you a fresh set of assets to invest in right now. Before the list, take a look at the financial updates. <\/span><\/p>\n

The cryptocurrency markets began the week uncertainly, as traders awaited US inflation data and watched for potential asset sales by the troubled FTX crypto exchange.<\/span><\/p>\n

Many of the top 20 digital assets by market capitalization experienced declines ranging from 2% to 4% on Monday. <\/span>Bitcoin’s value dropped by 2% to $25,000<\/span><\/a>, while Ether fell by 3.5% to $1,560.<\/span><\/p>\n

Solana (SOL), the largest cryptocurrency on FTX’s balance sheet, saw a 9% decline over the past week. Other significant FTX holdings, including Ripple (XRP), Aptos (APT), and BitDAO (BIT), also experienced declines of 6.7%, 8.7%, and 9.5%, respectively. The market focuses on a US court’s forthcoming decision, expected on September 13, regarding FTX’s proposed asset sales.<\/span><\/p>\n

5 Best Altcoins To Invest In Right Now<\/b><\/h2>\n

With cryptocurrencies, you always have options. This barrage of options means an investor is scarcely ever handicapped when making decisions. The list of altcoins we have put together highlights alternatives to major cryptos. Although risks might be involved, these altcoins can still go on an amazing bull run.  <\/span>Below is our list of best altcoins to invest in now with an added presale token. <\/span><\/p>\n

1. Compound (COMP)<\/b><\/h3>\n

Compound is a decentralized finance (DeFi) lending protocol that enables users to earn interest on their cryptocurrencies by depositing them into supported pools on the platform. Users who deposit tokens into a Compound pool receive cTokens in return. These cTokens represent the individual’s share in the pool and can be redeemed for the underlying cryptocurrency initially deposited into the pool at any time. For instance, depositing ETH into a pool would yield cETH in return. Over time, the exchange rate of these cTokens to the underlying asset increases, allowing users to redeem them for more of the underlying asset than they initially contributed, thus generating interest.<\/span><\/p>\n

\"compound\"<\/p>\n

Conversely, borrowers can obtain secured loans from any Compound pool by providing collateral. The maximum loan-to-value (LTV) ratio varies depending on the collateral asset, ranging from 50% to 75%. The interest rate borrowers pay differs according to the borrowed asset, and borrowers risk automatic liquidation if their collateral falls below a specific maintenance threshold.<\/span><\/p>\n

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We have $COMPX<\/a> special airdrop.<\/p>\n

Invite 5 friends into Telegram group get bonus 1 $COMPX<\/a><\/p>\n

For more info, join https:\/\/t.co\/KghblDwIpt<\/a><\/p>\n

— Compound Coin $COMP $COMPX (@compound_coin) June 13, 2018<\/a><\/p><\/blockquote>\n