14 Oct 2019 #Ethereum
Bitcoin (BTC) is the best-known and most popular cryptocurrency today, as it has been for more than a decade, now. However, if you are looking to diversify your portfolio and go for some other coins, there are plenty of others to choose from, and you do not have to limit yourself to BTC alone.
While nobody knows which coins will survive various trials and become cryptocurrencies of the future — we can definitely tell which ones have the most potential right now. So, with that in mind, let's check out some of them.
Ethereum (ETH) is the second-largest coin, as well as the second most important cryptocurrency ever to be invented, according to many. It is the coin that shifted the developers' attention from crypto to blockchain, which brought new interest to this technology, as well as countless new use cases.
It is also what brought the idea of using cryptos as fuel for development platforms, dApps, smart contracts, and other products, instead of simply using them as actual currencies. But, you can still invest in it, and many believe that Ethereum is a great investment, especially since its biggest update is on its way.
If you are looking for a Bitcoin-like coin that is not actually Bitcoin, what about its oldest fork, Litecoin (LTC)?
Litecoin is currently the 6th largest cryptocurrency, and one with a massive community. It also has a decent price (currently $58.86 per coin), and no controversies or incidents tied to its name. LTC uses pretty much the same technology as Bitcoin itself, but with a few important differences. It is faster, and its blocks can contain a larger number of transactions per block, which makes it slightly more advanced than BTC, technology-wise.
It also has excellent leadership, and many people have quite high hopes for this cryptocurrency, so do consider it yourself.
Binance Coin is the largest crypto exchange-issued coin on the market right now, issued by one of the world's largest and most successful exchanges, Binance. The coin is the most useful within Binance's ecosystem, as it can be used in a number of ways. Those include receiving sizable discounts on transaction fees, purchasing new tokens on Binance Launchpad, trading itself, and more.
BNB was also one of the best-performing coins in early 2019, as it successfully decoupled from Bitcoin, meaning that it wasn't influenced by BTC price movements, but it followed its own path. With the Binance ecosystem being on a constant rise, BNB is likely to receive even more use cases, and become even busier than it is right now, which might lead to considerable growth of its price.
Monero (XMR) is the largest privacy coin in the crypto market, so if you are after private transactions that cannot be traced — this is the right coin for you. It currently ranks as the 14th largest cryptocurrency, and while it is not particularly liked by banks and governments due to its privacy features — it definitely has its uses for those who wish for true anonymity when making crypto transactions.
XMR currently has a price of $55.52 per coin, although this is still far from its full potential. At its highest, its price reached $500, and if it did it once — there is a definite possibility that it could do it again.
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