Bitcoin is a first choice of all investors who want to invest their money in cryptocurrencies. As of now, 1 Bitcoin price has reached to $8600 which is indeed a remarkable growth. Probably in upcoming years, Bitcoin price could hit $50K or more but as its price is hiking it’s going out of the reach of small investors. Though small investors could buy Satoshi, smallest unit of Bitcoin, but still they’re loosing interest in Bitcoin and looking for Bitcoin alternative cryptocurrencies to invest their money. In this article, we’ll be discussing on Bitcoin alternative cryptocurrencies to invest in. There are some cryptocurrencies out there those are evolving very rapidly and gathering attention of investors. Let’s take a look on Bitcoin alternative cryptocurrencies to invest your money. If you’re new to cryptocurrency then read our beginners’ guide on how to invest in Bitcoin. Also I would like to let you know that do a thorough study before investing your money in any cryptocurrency because till date cryptocurrencies future is uncertain; which means it’s vulnerable to many risks. Coming back to the point, read on to know top 5 evolving Bitcoin alternative cryptocurrencies to invest in.
Top 5 Evolving Bitcoin Alternative Cryptocurrencies to Invest In
After Bitcoin, who holds largest market capitalization (more than $142 billion) in cryptocurrency market, Ethereum is second choice of all investors. Like Bitcoin cash, It’d been invented in 2016 hard fork which had divided Ehtereum into two blockchains: Ethereum and Ethereum Classic. But now, with time, it’s gathering universal acclaim. Currently one Ehtereum price is about $464 and its market capitalization is about $44 billion. As of now, it seems that Ethereum could give you higher returns in the future. Its price is significantly lower than Bitcoin, however, it’s a best Bitcoin alternative. No doubt it’s the second best cryptocurrency to invest.
#2 Bitcoin Cash (BCH/BCC)
Next best cryptocurrency to invest your money is Bitcoin Cash. With a vision to lower the fees and for reliable confirmations, Bitcoin Cash was invented. Bitcoin cash is a result of Bitcoin hard fork which divided Bitcoin into two separate blockchains: Bitcoin and Bitcoin Cash. In the month of October Bitcoin cash price surged dramatically by 50%, though after some time it slipped little bit. Many new investors do not understand that Bitcoin and Bitcoin Cash are two different cryptocurrencies. If you’re one of them then I want to let you that these are two different virtual currencies, and you can separately invest in them. With around $26 market capitalization, Bitcoin Cash becomes third-largest cryptocurrency. Also there’re rumors out there that it’ll reach to second position soon. Of course you can consider it as a Bitcoin alternative cryptocurrency. One Bitcoin Cash cost is approximately $1590 right now. Currently only a few exchanges have supported Bitcoin Cash and hopefully in the upcoming days it will get nod from other exchanges too.
#3 Ripple (XRP)
With $9.5 billion market capitalization, Ripple becomes fourth largest cuyptocurrency network. Currently one Ripple price is around $0.25. We’re adding it to this list because it looks like a best cryptocurrency to invest. There are more than hundred cryptocurrencies out there therefore we picked best cryptocurrencies to invest on the basis of one parameter and that is market cap which indirectly or directly shows interest of investors. Ripple could be a best cryptocurrency to invest and Bitcoin alternative for you; if you want to buy cryptocurrency in large amount. Investors who bought Bitcoin in starting have earned 1000 times of margin, you can also try your luck. But remember one thing that time Bitcoin was the only cryptocurrency but now you’ve more than hundred.
It’s another open source software based decentralized cryptocurrency. Its payment cost is significantly lower than other cryptocurrencies’ payment charges. Presently its market capitalization is $4.25 billion at around $79. Litecoin was launched in 2011 and since then its price has been gradually growing. You could consider it as a Bitcoin alternative.
Dash is a decentralized open source peer-to-peer cryptocurrency. Dash was released in 2014 and since then it’s been performing well. It’s $4.6 billion market capitalization and right now one Dash price is $595 approximately. It’s one the best Bitcoin alternatives.
There is no doubt Bitcoin is still at number one position and you could consider it as a best cryptocurrency to invest. However, I’ve come up with above Bitcoin alternatives to show you there some other virtual currencies that you should also consider; who knows in the future they perform better than Bitcoin.
There are more than 100 cryptocurrencies exist. I’ve picked these five best Bitcoin alternative cryptocurrencies right now. Here is a link to know list of cryptocurrencies by market cap.
Disclaimer: This post is for information purpose only. Don’t take this information as an investment suggestion. As you know cryptocurrencies are highly volatile therefore invest in them on your own risk.