Bitcoin is still the king of the cryptocurrency world, but there are hundreds of other altcoins that are ready to overtake it. Since 2009, over 5,000 altcoins have entered the market, and many claim to be better than Bitcoin. It is difficult to predict which ones will succeed, and which ones will fail. Let’s take a look at a few that are making waves right now. What do they have in common?
Litecoin is a relatively new entrant in the crypto world, and it allows for fast, low-cost, and international payments. Litecoin is faster than Bitcoin and has a larger supply. While it hasn’t recovered nearly as much as Bitcoin, it does have some technical advantages and credibility that set it apart from other cryptos.
Ripple is another cryptocurrency that has a great future ahead of it. Its popularity has surpassed that of Bitcoin, and it’s expected to overtake Bitcoin by the year 2022. Ripple, meanwhile, is another cryptocurrency that is currently facing legal problems in the U.S. However, many crypto enthusiasts are betting on a spike in its demand if Ripple is able to overcome the legal battles. Ripple has been around since 2012 and has already signed up hundreds of financial institutions. As of this writing, Ripple has a market capitalization of $12.7 billion. Some experts are also betting that it will become the next big cryptocurrency.
While many penny cryptocurrencies started through ICOs, it’s important to be cautious. Because ICOs are unregulated, you should be careful and do thorough research before investing. In addition, you should keep abreast of the latest news affecting the market. Even the smallest news event can affect the value of a particular coin significantly.