Altcoin Trading
Trade altcoins safely and in size using the Fivewest OTC desk
Interested in altcoin trading in ZAR? The Fivewest OTC Desk Fivewest OTC Desk helps you trade altcoins with minimal slippage with the best fees. We offer coverage in all of the altcoins listed below.
Interested in learning more about Altcoins? We've got you covered with a overview of the top 10 altcoins for 2023.
ETH (Ethereum)
Market cap (as of April 18, 2023): $547 billion USD
Ethereum is a decentralized, open-source blockchain platform that enables developers to build decentralized applications (dApps) on top of it. ETH is the native cryptocurrency of the Ethereum blockchain, used as a means of payment for transaction fees and as a medium of exchange for dApps. The outlook for ETH is generally positive, with its recent upgrades making it more efficient and capable of handling higher transaction volumes.
BNB (Binance Coin)
Market cap (as of April 18, 2023): $128 billion USD
Binance Coin is the native cryptocurrency of the Binance blockchain platform, which is primarily used for trading cryptocurrencies and paying transaction fees on the Binance exchange. BNB has also been used to launch several decentralized finance (DeFi) projects on the Binance Smart Chain. The outlook for BNB is positive, as Binance continues to expand its services and launch new products and features that are likely to drive demand for BNB.
XRP (XRP)
Market cap (as of April 18, 2023): $54 billion USD
XRP is the native cryptocurrency of the XRP Ledger, which is a decentralized blockchain network that is designed to facilitate cross-border payments and remittances. XRP is often used by banks and financial institutions to settle international payments quickly and at a low cost. The outlook for XRP is somewhat mixed, as it has faced regulatory challenges in some jurisdictions, but also has a strong use case in the global remittance market.
ADA (Cardano)
Market cap (as of April 18, 2023): $123 billion USD
Cardano is a decentralized blockchain platform that aims to provide a more secure and sustainable infrastructure for decentralized applications and smart contracts. ADA is the native cryptocurrency of the Cardano blockchain, used for payment and settlement of transactions on the network. The outlook for ADA is positive, as the Cardano team continues to develop and roll out new features and improvements to the network.
DOGE (Dogecoin)
Market cap (as of April 18, 2023): $18 billion USD
Dogecoin is a cryptocurrency that was created as a lighthearted joke, but has gained a significant following due to its meme-inspired branding and community. Despite its popularity, DOGE lacks a clear use case and its value is largely driven by speculation. The outlook for DOGE is uncertain, as its price is highly volatile and influenced by social media trends.
MATIC (Polygon)
Market cap (as of April 18, 2023): $30 billion USD
Polygon (formerly Matic Network) is a layer 2 scaling solution for Ethereum, designed to improve the speed and scalability of the Ethereum network. MATIC is the native cryptocurrency of the Polygon network, used for payment of transaction fees and governance. The outlook for MATIC is positive, as it continues to gain traction as a popular alternative to Ethereum for building decentralized applications.
SOL (Solana)
Market cap (as of April 18, 2023): $155 billion USD
Solana is a high-performance blockchain platform that is designed to process transactions quickly and at low cost. SOL is the native cryptocurrency of the Solana network, used for payment of transaction fees and as a medium of exchange. The outlook for SOL is positive, as it continues to gain adoption among developers and investors due to its fast transaction processing times and low fees.
DOT (Polkadot)
Market cap (as of April 18, 2023): $45 billion USD
Polkadot is a next-generation blockchain platform that aims to enable cross-chain interoperability between different blockchains. DOT is the native cryptocurrency of the Polkadot network, used for payment of transaction fees and governance. The outlook for DOT is positive, as the project is still in its early stages and has a lot of potential to enable more seamless communication between different blockchain networks.
LTC (Litecoin)
Market cap (as of April 18, 2023): $12 billion USD
Litecoin is a cryptocurrency that was created as a fork of Bitcoin, with faster transaction times and lower fees. LTC is used for payment and settlement of transactions on the Litecoin network. The outlook for LTC is somewhat mixed, as it has faced increased competition from other fast and low-cost cryptocurrencies, but still has a strong following and use case for peer-to-peer transactions.
AVAX (Avalanche)
Market cap (as of April 18, 2023): $22 billion USD
Avalanche is a blockchain platform that aims to provide high-speed, low-cost transactions and smart contracts. AVAX is the native cryptocurrency of the Avalanche network, used for payment of transaction fees and governance. The outlook for AVAX is positive, as the project continues to gain adoption among developers and investors due to its fast transaction processing times and low fees, as well as its support for interoperability with other blockchain networks.
