This is not investment advice. Now that Bitcoin has increased so much, everyone wants to buy some Bitcoin. However, nobody knows if Bitcoin will continue to skyrocket or will a market correction balance things out. There are people that aren’t sure about the future of Bitcoin (BTC) and have decided to look into promising altcoins.
The Best Cryptocurrency
I apologize if my cryptocurrency list is not as good as yours. I probably will not have the same list as yours because there are so many awesome altcoins out there. There are more than 1,000 cryptocurrencies available nowadays and there is no way in hell, I’ll be able to name all of the winners. This is my list of the best altcoin available right now.
Litecoin was created in 2011. Litecoin is nearly identical to Bitcoin but is faster and cheaper. Litecoin is fully decentralized and is based on an open-source cryptographic protocol that is better than Bitcoin.
Ethereum was created in late 2013. Ethereum is actually a decentralized platform for applications that run exactly as programmed without any chance of fraud, censorship, or third-party interference. Ethereum is a platform built for smart contracts.
Bitcoin Cash (BCH) Bitcoin Cash is definitely here to stay for a few years, thanks to Coinbase adding it to their slowly increasing supported cryptocurrency list. As a result of a hard fork in 2017, Bitcoin Cash was created and is now one of the top P2P digital currencies available. Bitcoin Cash is decentralized, with no central bank and requires no trusted third parties to operate.
After some research it appears as if Ripple is on everyone’s cryptocurrency list of 2018, at least going by Twitter data. Ripple is a platform that was created in 2012. It supports free, secure, and extremely fast transactions with no chargebacks. Ripple is built on an open-source protocol and has a native cryptocurrency called XRP. As of December, XRP is the 3rd largest cryptocurrencies in the market. The rumor is that XRP will be the next digital currency to go mainstream.
Monero is an open-source cryptocurrency that was created in mid-2014. Monero focuses on total anonymity as it the altcoin known for total privacy. Monero is a secure, private, and untraceable cryptocurrency. With Monero, you are your own bank. This altcoin may never get added to Coinbase however it is one to keep an eye on.
Stellar Lumens (XLM)
Stellar Lumens is an open-source protocol that was created in 2014. Stellar Lumens protocol is supported by the Stellar Development Foundation. Stellar Lumens is similar to Ripple, as it has multiple uses while focusing on speed and low transaction fees.
IOTA is the altcoin used by Internet-of-Things industry. IOTA focuses on providing secure communications and payments between machines on the Internet of Things. It uses a technology called Tangle which is an advancement over the Bitcoin protocol. As of now, IOTA can handle unlimited simultaneous transactions. IOTA is one of the top choices on many traders cryptocurrency list as it’s in the top 10.
My Popular Altcoin Honorable Mentions
I wrote down dozens of cryptocurrency lists online and from the 100+ altcoin mentioned, these 6 altcoins were mentioned at least 8 times each. Now I do research on the following companies: ONT, WTC, OMG, NEO, and ARK.
Bitcoin is dominating right now in the financial world, in terms of market cap and popularity so more and more companies are going to enter this industry. The current altcoin leaders are great right now but things can change at any moment thanks to major movers in this cryptocurrency industry. However, cryptocurrencies are here to stay so it will be wise to do a little research on my companies as well as look at other companies to faithfully support. Hopefully, you are rewarded while you support the currency of the future.
Some Altcoin Updates
- As of December 28, 2017, I decided to invest in POE and PLC. These projects sound interesting to me coming as a creative (POE). And because fast food is here to stay, I see so much potential in a coin that has ties with popular fast food establishments such as Burger King and McDonald’s (PLC).
- As of April 15, 2017, I’m down like 90% and totally holding and plan to sit on everything for a year or two. My POE gone down to 0.04 cents from a high of 0.20+ cents. My PLC has gone down to 0.003 cents…
Disclaimer: All information and data on this blog post are for informational purposes only. I make no representations as to the accuracy, completeness, suitability, or validity, of any information. I will not be liable for any errors, omissions, or any losses, or damages arising from its display or use. All information is provided as is with no warranties and confers no rights.