If you’re here because you need help knowing which cryptocurrency to buy, hopefully this guide will be useful.
Bitcoin is by far the most revered cryptocurrency of all cryptocurrencies. It’s the first of its kind. This digital currency opened up a new wave of other cryptocurrencies.
Since Bitcoin remains to be the most reputable, any new form of cryptocurrency is called an “altcoin.” The term stands for “alternative to Bitcoin.”
It’s no secret that Bitcoin prices have risen quickly in a few years.
A too expensive and quite complicated cryptocurrency for regular users, potential investors started looking at altcoins.
Will there be anything better than Bitcoin? Let’s cut the drama and consider other digital currencies that are as promising.
Check out my recommended cryptocurrency list below.
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Electroneum Price USD: $0.01
Here’s the newest cryptocurrency to look out for in 2017. It’s set to officially launch in November 1st and has actually garnered a lot of attention since September.
RocketSpace CEO Duncan Logan recently tweeted about his interest to invest in Electroneum. Since this British altcoin is still in its lowest possible price, I see no reason why anyone wouldn’t invest in it.
Perhaps the biggest reason to believe in and buy this cryptocurrency is its huge appeal to the 2.2 billion smartphone users. This spells convenience and ease of use.
Everywhere you go, you can access Electroneum right through your device. Pay for games, send money to your friends, or simply make Electroneum a long-term investment and watch it grow.
I’ve previously written an article on this new cryptocurrency and want you to give it a look.
Ethereum Price USD: $301.76
Also known as “Ether,” Ethereum comes next to Bitcoin. It’s been launched in the middle of 2015. When one considers Ethereum and Bitcoin, he can pinpoint similarities and differences between the two.
Ethereum is like Bitcoin (and other altcoins) in a way that it allows you to make payments anonymously. However, it differs in a greater way due to its faster transaction times. This makes Ether is easier to use.
This cryptocurrency is still new (but not so new anymore compared to Electroneum). What can you do with it?
People can use Ether for processing payments, making smart peer-to-peer smart contracts, and doing fast and safe transactions in gambling.
Litecoin Price USD: $50.66133752
Former Google engineer and cryptocurrency enthusiast Charlie Lee created Litecoin. They say that Litecoin is an “improved” version of Bitcoin. People often refer to it as the “silver to Bitcoin’s gold.”
An appealing feature of Litecoin is fast transaction confirmation rates.
Because of this speed, Litecoin can manage a higher volume of transactions while benefiting from the lower risk of double spending attacks.
Imagine waiting for a confirmation of only 5 minutes, compared to 10 minutes with Bitcoin.
Users can spend their Litecoin coins on various options such as VPN (they go well together), Bitcoin shop, gift cards, and gaming.
4. Dash (DASH)
Dash Price USD: $292.54708274
The name of this cryptocurrency was changed from Darkcoin so people would stop associating it with the dark web. Dash is now the short term for “digital cash.”
It’s best known for its ability to protect private information. Dash keeps your payment transactions and balance private. You can be assured that whatever transaction you make, it cannot be tracked by any third-party.
Another thing to note about this digital currency is that although it’s cryptocurrency, it feels like real cash.
What do I mean? You can process and complete payments in an instant – about 4 seconds. You also have full control over your funds.
5. Monero (XMR)
Monero Price USD: $88.11863080
People ask whether Monero is fungible. The answer is yes, which makes Monero advantageous over Bitcoin and other cryptocurriencies.
Because Monero can never be traced, it’s often the digital currency of choice for people who want to remain incognito all throughout – more specifically the dark web black market.
You cannot find this cryptocurrency’s level of privacy in Bitcoin. With BTC, payments are transparent. Monero doesn’t show anything in all transactions.
You can use this currency to purchase services, goods, and entertainment games.
Because of Monero’s anonymity, its methods are expensive. Sources tell us that this currency uses more resources than Bitcoin and this might hinder Monero’s future success.
Which Cryptocurrency Will Win Now? What Cryptocurrency To Buy?
Based on my cryptocurrency list, we can tell that Electroneum is the best cryptocurrency you should invest in today.
It’s very new but has the potential to go big. It costs less than a penny now, which makes it an appealing investment.
Think about its growth a few months or years from now.
Remember that Bitcoin started at a price of $0.003 in 2010. Now, it gained more legitimacy and, for the first time, hit $5,000 in September 2017.
Cryptocurriencies are not your typical investment. They involve a risk, and that’s because they’re very volatile. Volatility makes cryptocurrency interesting.
With its unstable value, you can profit at a rate that will help secure your financial future.