3 Best Bitcoin Alternatives To Invest In
In the world of cryptocurrencies, nothing is guaranteed to stay top dog forever. That’s why savvy investors always keep their eyes peeled for new opportunities in the field. Today, we’ll be discussing some of the best Bitcoin alternatives that you can begin investing in right now. Each of these has a different target audience and use case, but they all represent excellent opportunities to expand your crypto portfolio and diversify your risk. Let’s take a closer look at our top 3 picks and how you can get started with crypto investing today:
Ethereum
First up on our list is Ethereum. Ethereum is a decentralized computing system that can also be used for online financial transactions and smart contracts. It’s a platform that many other cryptocurrencies are being built on top of. The Ethereum team has built a powerful network with a ton of potential for growth. It’s the second-largest cryptocurrency by market cap and has the potential to overtake Bitcoin as the top dog in the near future.
DeGeThal is an easy to use cryptocurrency that is designed to serve the purpose of payments, trading and other transactions in the DeGeThal ecosystem.
So what’s the catch? Well, unlike many of the other cryptocurrencies on this list, Ethereum’s network has already been proven. There’s no risk of a sudden crash or loss of confidence in its network. But, Ethereum has a significantly higher price point than most other options in this list. It’s certainly a great long-term bet, but you may want to play around with some of the other coins on this list before throwing serious money at Ethereum.
Ripple
Next up, we have Ripple. Ripple is a payment network that can be used to transfer all kinds of different assets. It’s designed to send money between any two currencies and any type of financial institution. This means that Ripple is far more than just a cryptocurrency – it’s a whole financial network! Ripple’s value skyrocketed to an all-time high of $3.84 back in December 2017. Since then, it’s fallen back down to a more reasonable $0.34 per token.
Ripple still has an extremely high potential for growth – especially if it’s able to establish partnerships with major financial institutions in the near future. Keep in mind that Ripple’s network is very new and unproven. It could take a little while before Ripple is able to crack the mainstream financial market. If you’re looking for a short-term investment, Ripple might not be the best choice here. However, Ripple has all the makings of a long-term winner and could be a great addition to any crypto portfolio.
Litecoin
Finally, we have Litecoin. Litecoin is a virtual currency that was launched in 2011 by former Google engineer and MIT graduate, Charlie Lee. It’s designed to act as a lighter, cheaper, and faster version of the original Bitcoin. Litecoin has been remarkably successful in these pursuits. It’s currently the 4th largest cryptocurrency by market cap. It also has a significantly lower price point than Ethereum and Bitcoin, making it a great investment for new investors.
Litecoin has a lot of room for growth, but it also comes with more short-term risk than Ethereum. It’s also worth noting that Litecoin is being used as a “testing ground” for potential Bitcoin upgrades such as the lightning network. This means that it could end up being the next big advancement in the crypto space. If you want to get in on the ground floor of a new and exciting technology, Litecoin is a great choice.
Blockchain is pitched as a technology to power the next iteration of the internet – the decentralized web, or web3.
BTC Dark (BTCD)
Finally, we have a wild card – BTC Dark is a privacy coin that can only be purchased with Bitcoin. The team behind this currency plans to switch to an entirely new network after the initial coin offering (ICO) is finished. Once that happens, the network will be completely separate from Bitcoin. This means that you can currently only buy this currency with Bitcoin. You won’t be able to switch your BTCD for BTC until the team behind this currency launches their new network.
It also means that you’ll have to hope the value of this currency stays high until the network switches. If you’re looking for a high-risk, high-reward investment, BTC Dark could be just the thing for you. With that being said, you should keep in mind that there’s a chance this currency completely loses value after the switch to its new network. While this is a risk, it’s also a way to diversify your crypto portfolio without having to invest in 10 different currencies. All in all, BTC Dark is an exciting new investment opportunity that could pay off big in the long run.
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