This month's Altcoin Review will be focused on Cardano Altcoin Gems that you should probably be keeping a close eye on. With the booming Cardano Ecosystem, it's time to find out what the best Altcoins really are. We’ll cover the Top 5 Altcoins on Cardano and let you know what's required to interact with this growing Cardano world. Cardano has been around for a while, but the release of altcoins on Cardano is something fairly new. Liquidity and interest in this new market are expected to increase dramatically over the course of Cardano’s growth. As a Layer 1 protocol, Cardano has the ability to deploy Altcoins on its network and create the same DeFi experience we’ve come to know and love on Ethereum, making your first steps into this new chapter for Cardano easier than you might expect.
For the most part, Cardano hasn't benefited from the network effects that come with having Altcoins. Sure, we've seen Cardano projects release equity on Ethereum. But, it's been almost two years since the Alonzo upgrade first introduced amart contract functionality and the Cardano Native Token (CNT) with not a lot to show for it.
Cardano is a late bloomer in that sense. Spending much of its time developing the core technology, it’s been a good thing for the right investor. Now there are over 130 projects launched on Cardano and another 1,200+ in the building process, meaning that Cardano is looking to make big strides in the coming years. Still considered virgin territory, we’re still waiting on one of its Altcoins to break the $100 million mark. This makes now one of the best times to consider adding ADA tokens to your