Bitcoin has not just been a trendsetter, ushering in a wave of cryptocurrencies built on a decentralized peer-to-peer network, it’s become the de facto standard for cryptocurrencies, inspiring an ever-growing legion of followers and spinoffs.
Before we take a closer look at some of these alternatives to Bitcoin, let’s step back and briefly examine what we mean by terms like cryptocurrency and altcoin. A cryptocurrency, broadly defined, is virtual or digital money which takes the form of tokens or “coins.” While some cryptocurrencies have ventured into the physical world with credit cards or other projects, the large majority remain entirely intangible.
The “crypto” in cryptocurrencies refers to complicated cryptography which allows for a particular digital token to be generated, stored, and transacted securely and, typically, anonymously.
Ripple is a technology that acts as both a cryptocurrency and a digital payment network for financial transactions. It was first released in 2012 and was co-founded by Chris Larsen and Jed McCaleb.
Ripple is the third-largest cryptocurrency by market cap, following Bitcoin and Ethereum.
Ripple is more known for its digital payment protocol than its cryptocurrency, XRP. Ripple operates on an open-source and peer-to-peer decentralized platform that allows for a seamless transfer of money in any form, whether USD, Yen, litecoin, or bitcoin.
To understand how the system works, consider a money transfer structure where the two parties on either end of the transaction use their preferred middlemen to receive the money.
Lawrence needs to send $100 to David who lives in a different city.
Launched in the year 2011, Litecoin is an alternative cryptocurrency based on the model of Bitcoin. Litecoin was created by an MIT graduate and former Google engineer named Charlie Lee. Litecoin is based on an open source global payment network that is not controlled by any central authority. Litecoin differs from Bitcoins in aspects like faster block generation rate and use of scrypt as a proof of work scheme.
Litecoins were launched with the aim of being the “silver” to Bitcoin’s “gold,” and have gained much popularity since the time of inception.
Litecoin is a peer-to-peer internet currency.
It is a fully decentralized open source, global payment network.
Litecoin was developed with the aim to improve on Bitcoin’s shortcomings, and has earned industry support along with high trade volume and liquidity over the years.
Ripple is a term used to conceptualize the day-to-day fluctuations in stock market prices. It has been discussed throughout the evolution of Dow Theory, a basic framework for technical analysis investing.
Ripples, tides, and waves are technical analysis concepts that have become commonly associated with the Dow Theory, which was initially introduced in the late 1800s by Charles Dow.
William P. Hamilton expanded on Dow Theory and first introduced tides, waves, and ripples as oceanic metaphors in his writings on Dow Theory concepts in the early 1900s. (See also: The Pioneers of Technical Analysis.)
In 1932, Robert Rhea formally named the initial musings on technical analysis fundamentals in his book The Dow Theory where he also expanded on the concepts of tides, waves, and ripples.
In the digital currency space, it’s common for many coins and tokens to move in similar patterns. When bitcoin (BTC), the largest cryptocurrency by market cap, goes up, other digital tokens tend to increase in value as well. When BTC declines, it’s likely that other players in the space will drop at the same time.
In recent weeks, as many cryptocurrencies have fallen even further in what has already been a tough year so far, this pattern has held. However, as a report by Zycrypto.com indicates, something interesting has been happening: ethereum and other altcoins have been hit harder than bitcoin, overall. Why is it that altcoins are suffering more significant losses than the top digital currency?
The report indicates that bitcoin has commanded more than 50% of the total cryptocurrency market cap in recent weeks.
Cryptocurrencies have performed debatably in 2018, yet are continuing to attract new investors in 2019.
However, most beginners have difficulties finding the best cryptocurrency to invest in 2019. We’ve all been there, so don’t worry! I understand how confusing it is when you first begin looking for new cryptocurrency investments. And that’s why I’m here to help.
So, are you also looking for the next cryptocurrencies to invest in 2019? Do you find yourself wondering “Should I be investing in Bitcoin?” or “Should I be in investing in Ethereum?”
Well, wonder no longer! I’m here to answer all your questions. By the end of this guide, you’ll know how to find cryptocurrencies to invest in 2019.
The first cryptocurrency, Bitcoin, was invented back in 2009. That was just the beginning though, and nobody really knew about Bitcoin until 2013.
Many investors who know that I am deeply involved in the cryptocurrency space always ask me: “what are the next best cryptocurrencies to buy?”
The truth of the matter is this: there is no single best cryptocurrency to buy in 2020. Many of the top cryptocurrencies today are attractive opportunities for investment.
So if you are looking for the next big cryptocurrency, or which altcoins to buy, read on.
In this article, I will share the top 10 best cryptocurrencies to invest in for 2020.
The first 5 are the best cryptocurrencies to invest in for beginners, and the last 5 are the best cryptocurrencies for more advanced crypto investors.
Investing in cryptocurrency is risky, but investing in only one is way more dangerous.
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Bitcoin, a better-known cryptocurrency and arguably the current gold standard for cryptocurrency investments, gained over 1300% in 2017. More than a dozen other cryptocurrencies outperformed Bitcoin with gains ranging from 3300% up to Ripple’s astounding 36,000% gain. Since then, crypto enthusiasts have been trying to figure out the next bitcoin or best cryptocurrency they can get their hands on – and Benzinga compiled this list to help.
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With 2017 now in the books, we can officially look back and dub it the “year of the cryptocurrency.” Despite the stock market historically taking its seat at the head of the table in terms of wealth creation, it was cryptocurrencies that delivered what could be the single greatest year we’ve ever seen from an asset class.
When the year began, the aggregate market cap of all cryptocurrencies was just $17.7 billion.
Even though the bubble finally burst in early 2018, cryptocurrencies aren’t going away. And there’s still a lot of money to be made by finding the best cryptocurrencies to buy today. Former Google (Nasdaq: GOOG, GOOGL) chairman and CEO Eric Schmidt has publicly said digital currencies will be far more important 10 years from now than they are today, and many prominent technologists agree. But with hundreds of possible digital tokens to invest in, where do you begin? Among the best cryptocurrencies to buy today are a few no-brainers, but also some altcoins that have great promise of their own and – more importantly – can lower your risk through diversification.
The crypto space very much resembles other nascent industries of yesteryear.
Several frontrunners emerge early, followed by the rest of the pack.
Over time, that head start often proves a vital advantage.
Since Blockchain evolved to be one of the most feasible technology, we have countless options in the cryptocurrency list to invest. Some are proving beyond expectation while some are majorly disappointing. Most surprisingly, the top 10 cryptocurrencies to invest might not be very popular or common to all the traders.
Before thinking of investing, it’s very crucial to understand their features and potential in the long turn.
For that, following their move is equally important.
Just like real estate investment and significant investments, you can’t just rush into any decision.
For a simple example, let’s consider Bitcoin, the most heard of cryptocurrency, which a layperson might also have heard of, because of it being in the limelight for quite some time. In 2017, BTC surged astronomically upward, after which it fell so low, which was beyond anybody’s imagination.
I am not a financial advisor.
Please do not use the below to make any financial decision.
I just finished reading Confessions of a Crypto Millionaire and the book made me think about cryptocurrency in a new and different way. If, like me, you’ve been thinking that cryptocurrency is a scam that helps flash traders or drug dealers make a quick buck, you need to read about Dan Conway’s journey.
This memoir tells the real story of an otherwise regular guy and his unlikely escape from corporate America. Conway’s journey starts as this typically corporate employee decides to give up the grind to go ‘all-in’ on Ether, the cryptocurrency of the Ethereum blockchain which he claims is superior to the much acclaimed Bitcoin.
What makes this story interesting isn’t just that Dan ends up putting it all on the table (his house, his future and his family’s) to invest in Ether.