The 5 Most Important Cryptocurrencies Other Than Bitcoin
The cryptocurrency market is booming, as more companies, organizations, and institutions leverage the power of crypto markets. The technology has the power to change the way we think about money, while empowering individuals across the world.
While Bitcoin may be receiving its fair share of the spotlight, there are other cryptocurrencies that offer greater returns over longer periods of time. It might be difficult to spot the top cryptocurrency to invest in, as they exist alongside each other in such a competitive domain. These are also niche based currencies and are being utilized by millions of global enthusiasts.
But 2019 has been a growth year for the following five key cryptocurrencies, which have seen expanded user bases and greater returns on investments.
Ripple (XRP)
Ripple is a technologically superior form of sending money to another person, having significantly smaller transfer fees when compared to other cryptocurrencies. It’s being used by a large number of people on a daily basis, while being accepted by merchants across the world.
Ripple also offers consistent uptime across global servers, while providing a seamless mobile experience and wallet. It can easily connect your bank to its service API to transfer funds directly into your account as well. It also runs on the most sophisticated blockchain technologies presently available in the marketplace.
Some of the largest banks use Ripple to strengthen their digital programs, as it expands into more countries to extend its network. It’s right behind Ethereum in popularity and in market cap, with over 42,872,000,000 XRP in circulation.
Ethereum (ETH)
After Bitcoin, Ethereum is the most popular cryptocurrency in the market out there. It’s priced at around $200, with more than 100 million coins in circulation. It was one of the first major competitors to Bitcoin, having a robust infrastructure of secure cloud-based technologies.
Many leading applications are designed on the backbone of Ethereum, owing to its faster transaction speeds and consistent uptime. The technology behind Ethereum is also being used across a wide range of applications and solutions. Investors have the option of buying Ethereum classic (ETC) as well, which was originally split in late 2016.
Basic Attention Token (BAT)
Basic Attention Token is an interesting cryptocurrency in the digital marketplace, as it was designed to be a new way of online sponsorship. It’s a volatile entrant in the marketplace but has grown significantly within a short period of time.
There may be a significant investment opportunity in the short term with BAT. The reliance on advertising allows for greater growth during peak times for the advertising industry.
Bitcoin Cash (BCH)
Bitcoin Cash is a peer-to-peer money transfer platform that is connecting merchants with buyers around the world. It’s a decentralized platform, which relies only on the strength of its user base at the time. The cryptocurrency more closely aligns with the original vision of Satoshi Nakamoto, providing greater access to quicker transactions online.
The core objective of BCH is to eliminate high transaction fees and lower speeds of transfer. After the hard fork, the new block continuous to grow offering anonymity when shopping online. Merchants accept BCH across a wide range of offerings.
Litecoin (LTC)
Litecoin is one of the more popular cryptocurrency markets and is a strong contender for the best peer-to-peer exchange platforms. It has a solid ecosystem developed for all digital currency holders to invest in.
The cost of exchange is nearly zero, as the open source platform has been developed by multiple thought leaders around the world. The currency also has a strong mining community backing it, leading to greater growth in the space. Its end-to-end wallet encryption service also aids in its ease of adoption.
