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Bitcoin has de facto been the trendsetter for cryptocurrencies. But when it comes to choosing the cryptocurrency you would like to invest in and it to be the right one, there are several criteria to be fulfilled for example, who runs the platform, who backs them up, who is likely to invest etc.
Here are some cryptocurrencies that I think they will likely be successful in the mainstream the next period and some even are proven Bitcoin Competitors.
- Ethereum
Ethereum is both a platform and a currency. It is more flexible, higher degree of decentralization, supported by Microsoft and JPMorgan
- Litecoin
Litecoin is very similar to Bitcoin but technically it is a superior algorithm. The biggest difference between them is the total number of coins that can be produced, and litecoin has a greater number of maximum produced coins.
- Zcash
Zcash is promising simply because of the offer they give for maximum security and privacy. Zcash offers the choice of shielded transactions where all the content is encrypted using advanced cryptographic technique.
- Ripple
Ripple’s currency has a market cap of 1.26 billion. It does not require mining thus reduces the power usage.