Bitcoin’s price has already reached the highest levels ever. So what other coins are there to invest in? Is it risky to get in now? If you’re wondering about other “Altcoins” and if they truly have value, this article is here to pick out the 6 best alternative coins to Bitcoin. Starting with #6 below.
#6 Monero ( XMR )
In the event that you haven't known about Monero yet, that is practically the point. The makers of this coin made an accentuation on protection and security. While Bitcoin's exchanges are on the whole open through the moving blockchain, Monero adopts an alternate strategy. Monero is a kind of coin where exchanges are mostly covered up. This makes a security dream, for individuals that need every one of their exchanges to be private. Numerous individuals say this enables lawbreakers to utilize it to launder cash and do shady things, nonetheless, we see it in a positive light. Monero is the computerized money for anybody that is tired of "enormous sibling" viewing over their backs. There will dependably be interest for a coin this way. Also, Monero is the biggest one!
#5 Zcash ( ZEC )
Much the same as Monero, Zcash is a coin that keeps some portion of its record private. once again, a computerized cash that focus on security and the capacity to keep its person's exchanges private will prevail with regards to accumulating the consideration of prominent people and also the basic individual. That is to say, for what reason does anybody have to know what you are spending your cash on? You should be the just a single with access to that sort of data, and Zcash is one computerized cash that guarantees that.
#4 Digital Note ( XDN )
This digital currency used to be called DarkNote. However, I think the name changed for the better. There are a few benefits to this currency that includes privacy of transactions.
The currency can be mined using regular computer equipment
The currency actually issues interest to its noteholders on a basis of .5% to 1% annually kind of like a bank account
The currency is relatively cheap compared to other currencies so it has upside
#3 Lite Coin ( LTC )
Next on the list is Litecoin. This coin is built on a completely different hashing algorithm than Bitcoin and the rest of the digital currencies we mentioned before. This is also one of the oldest coins on in the digital market. Launched in 2011, if Bitcoin is like Gold, this coin is like Silver. It uses the Script language which is built differently than the other coins. Due to its age and adoption among certain internet markets, Litecoin is here to stay and will most probably rise in value.
#2 Ethereum ( ETH )
This coin is said to be the future of all digital currencies. Ethereum acts as a platform to create “Smart Contracts”. What does this mean? It means that Ethereum can be used as a framework for other people to create new coins and currencies on top of it. Let’s say tomorrow, Amazon or Microsoft wanted to create a digital currency rewarding anyone wanting to use their currency. The currency they build will most probably be based off Ethereum. Think of it this way, Ethereum is like the Internet itself, it allows for new coins to be built on top of it. Ethereum has huge unrealized value!
#1 Bitcoin ( BTC )
We add Bitcoin here as the #1 alternative to Bitcoin because there are no true alternatives. Bitcoin was the first true digital currency and that makes its value almost immeasurable. Although there are plenty of other digital currencies and “coins” out there touting better privacy, faster transaction time, or newer hashing algorithms. Sometimes the best is always the oldest, the first to market. Bitcoins one downside is that it has already gained huge amounts of popularity and could be overpriced. In the end, it’s up to you to decide where you’d want to invest your money. All of the coins and digital currencies above are risky as they are only as valuable as how popular they are. With that said, there is still money to be made in this new industry of digital currencies.