A huge number of investors who did not take the opportunity to invest in bitcoin now face the fear of missing out on a huge opportunity, while another part of optimistic investors is looking for a new, alternative one. With more than 1,300 altcoins, it will not be easy to choose the right currency, which could be better than the bitcoin.
Here are some tips to help you to choose a new cryptocurrency that has huge potential:
- Take a good look at the team behind the cryptocurrency. Have they been involved in other digital currencies before?
- Why the creators made them, and what is their use?
- Identify where they are in the process of currency digitization and do, they involve the new features?
If you want to find out which are 5 best bitcoin alternatives just continue reading this article, and for more info check BitcoinFuture.app.
It was created by a former Google employee Charli Lee. Litecoin has been described as silver, compared to bitcoin which is gold. It was created in 2011 as an alternative to bitcoin. Lee essentially aimed at reducing the time it takes to confirm new transactions and improve the way it is mined, to ensure that anyone can participate in Litecoin trading. There are around 54 million Litecoin coins in circulation, while 16.7 bitcoins are in circulation.
It was created by an anonymous creator. With Monero, the details of each transaction, including the sender, recipient, and size of the transaction, are recorded in a public book, but they are impossible to track. Using Monero, in theory, there is no chance of anyone else connecting the dots between the sender, the recipient, and the size of the transaction.
It was created by Da Hongfei, CEO of Onchain and blockchain evangelist in China, along with co-founder Eric Zhang. Tung predicts that Neo, which they call “Chinese Ethereum,” will explode if China changes its stance on ICOs and bitcoin. Ethereum ranks second in terms of market capitalization.
There are 65 million NEO coins in circulation, out of a total of 100 million coins in the world.
It was created by blockchain developer Input Output Hong Kong. The Cardano blockchain started operating a few months ago, and quickly exploded, pushing the value of coins called Ada to break into the Top 10 cryptocurrencies by market capitalization. The project began in 2015 as the first blockchain under the supervision of a “scientific philosophy” and was built by leading academics and engineers.
Created by web developer Ryan Fuger, businessman Chris Larsen, and programmer Jed McCaleb. Former Bitcoin developers launched the software company Ripple in 2012, and its digital currency XRP is seen as a successor to bitcoin in some branches of the crypto industry.
Ripple has licensed its blockchain technology to more than 100 banks, and the new hedge fund recently announced that it will be denominated in XRP.
About 38.7 billion of the maximum 100 billion coins are currently in circulation.