Altcoins: What are your options?

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The Main Three

There are a number of websites such as CoinMarketCap (CMC) that track cryptocurrencies and show their value in fiat (USD). The three cryptocurrencies that always remain among the top three are Bitcoin, Ethereum, and Litecoin.

  • Bitcoin (BTC) remains to be the most popular form of cryptocurrency. Bitcoin’s decentralized nature paved the way for more cryptocurrencies to enter the market. It continues to be on top of the list of the best cryptocurrencies, not only because of its pioneer identity but also because of its dominating market cap in the crypto market.

  • Ethereum (ETH), Bitcoin’s closest competitor, prides itself in the processing of smart contracts. This altcoin started out as a tool to monetize applications on the Ethereum network. Budget investors are urged to look into its ability to allow the creation of distributed applications without interference from another party. ETH is also popular among initial coin offerings (ICOs), which is a way of gaining capital for a project.

  • Litecoin (LTC) is often thought of as Bitcoin’s clone. Familiarity is one of the assets that Litecoin has to offer to its investors since it is one of the oldest cryptocurrencies in the market. Since 2011, its fast transaction speed and close connection to Bitcoin continue to be its premium quality.

There are other Altcoins on the market that are priced lower the the top three. To continue reading this full article and find out what other Altcoins there are, click here to go to the original article by our friends at Hogan.