Ether (ETH) just surpassed Bitcoin (BTC) as the darling of the cryptocurrency industry. BTC is stuck between $56,000 to $58,000, yet the hold over 46 percent dominance. New altcoins are are attracting investors who are looking for the new breakout product in the surging altcoin market. People are starting to feel like it's too late to buy BTC now, so they are looking for alternatives like ETC.

While ETH finally reached over the $3,300 level, it's nowhere near the price of BTC. Still, it was enough to make co-founder Vitalik Buterin a billionaire. At 27, Buterin is the world's Youngest Crypto-Billionaire. His Ether address, which he made public tears ago, holds 333,520ETH, currently worth $1.09 billion.

One promising altcoin project is the Elrond token (EGLD). There are 90,000 active EGLD accounts. Launched in 2020, Elrond has over 2,000 validators offering very high transaction speeds thanks to the company's Adaptive State Sharding. Actively planning for hyper-growth in 2021, Elrond hopes to have one billion active EGLD accounts next year.

Dogecoin is another altcoin to watch. While it’s the cheapest cryptocurrency you can buy, this makes it even more attractive to novice investors who want to get their feet wet. A Japanese dog, the Shiba Inu represents the fun coin. The community-based coin makes it highly attractive to people who are not sharks. This gives the altcoin a solid user base of adopters, which helps increase its value. Elon Musk, the CEO of Tesla, also helped promote the altcoin when he tweeted “The Dogefather. SNL May 8.”

Cardano is another inexpensive option for anyone who wants to invest in cryptocurrency as a beginner. Becoming fully decentralized helped fuel interest and lead to a sharp rise in price. It also got on the highly regulated Coinbase Global exchange and features fast transaction speeds.