Bitcoin has been moving quite fast lately with prices hitting new highs almost every month. But while Bitcoin still rules the perch when it comes to cryptocurrencies, it’s not the only option in town. There are a few more options you’ll encounter when looking for other cryptocurrency investment options. If you’re wondering what these are, here’s a quick breakdown of the best-performing cryptocurrency investments worth a try.
First on the list is Litecoin, a peer-to-peer cryptocurrency founded in 2011 by a former Google programmer. Litecoin is rapidly gaining popularity and has quickly become the digital silver of Bitcoin’s digital gold. It also has a market capitalization of $13 billion, which makes it a powerful investment option if you’re looking for a Bitcoin alternative.
XRP is a cryptocurrency that has received a lot of attention from banks as well as financial institutions, and for good reason. The digital currency was invented by Ripple Labs in 2012 and has come a long way since then in terms of popularity and reliability. Two other important factors of XRP are that it runs on its own blockchain technology called Ripple and has a market capitalization of $48 billion.
Many people didn’t think much about this cryptocurrency when it was launched, but it gained significant ground when it comes to popularity and is considered a legal investment option outside of Bitcoin. Tether, previously known as Realcoin, was created in 2014 and is one of the first cryptocurrencies to be pegged to the US dollar. Since Tether is tied to fiat currency, it is considered a much more stable investment option compared to other cryptocurrencies.
Without Bitcoin Cash, no list of Bitcoin alternatives would be complete. The biggest Bitcoin fork by market size is Bitcoin Cash, created in 2017 by former Facebook developer Amaury Séchet. In case you were wondering, a Bitcoin fork is considered a break in transaction chains due to the user’s view of transaction history that results in new versions of the currency. Bitcoin Cash currently has a great market capitalization of $10 billion.
With a total market capitalization of $211.2 billion, ethereum is the second largest cryptocurrency by market capitalization. It was first proposed in 2013 by Vitalik Buterin, a developer, and the cryptocurrency based on blockchain technology came to life in 2015. Since then, there has been no turning back for Ethereum and it has become quite comfortable in the second slot just below it. Bitcoin in terms of market capitalization.
Dogecoin got its name from the iconic “Doge” internet nozzle of a Shiba Inu dog. This year was the year of Dogecoin, which witnessed its strongest performance ever. This year alone, the value of the cryptocurrency has increased by 13,000%, which easily puts it in fourth place on the crypto throne. However, Dogecoin is the largest cryptocurrency on the market today in terms of market capitalization, which makes it a great investment option.
Of course, Bitcoin has been a cryptocurrency that has managed to maintain its position at the top of the list of the best cryptocurrencies to invest in, despite its price going up and down in recent months.
If you are new to Bitcoin trading and want to learn more about investment techniques, you will need the best online resource available. The bitcoin circuit app offers you just that. Not only does the Bitcoin trading platform provide investors with the latest Bitcoin information in real time, but you also have access to other valuable resources that will help you make smarter decisions when investing in Bitcoin and other cryptocurrencies.
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