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Bitcoin, Ethereum, Ripple And Litecoin: Good Or Bad Investments?

There are two things, among many other things, about purchasing cryptocurrencies. First, people purchase them for trading sake. Second, while the same people purchase them for future purposes or buying them today and selling them later in the future for lucrative gains. This approach is common to those people who have been following cryptocurrency since its inception.

While some people who are aware of the technical know-how of cryptocurrency are the beneficiaries, others are still getting around to fully grasp a better understanding of how crypto works and which one to invest in. However, these people find it difficult to know which coins, apart from Bitcoin and Ethereum, would be quite affordable to invest in. It has been speculated from time to time about how one can utilize cryptocurrency to make money, and these are the six coins interesting to invest in:

1. Litecoin (LTC)

Litecoin is an open source software under which the transaction between one person to another is made easy. Started in October 2011, Litecoin evolved out of Bitcoin’s popularity in the crypto industry. However, Litecoin is an “altcoin” (an alternative crypto launched after Bitcoin) purposely developed for investors to diversity their digital package, instead of investing only in Bitcoin.

2. Zcash (ZEC)

Zcash is a cryptocurrency aimed at using cryptography to provide enhanced privacy for its users compared to Bitcoin. Zcash (ZEC) is another cryptocurrency like bitcoin but with a few different features. Like Bitcoin, it is based on a decentralised blockchain but allows for anonymity behind transaction amounts and parties involved. Which means that privacy is of paramount importance between peers. Zcash serves as an privacy alternative for the investors.

3. Ripple (XRP)

After its inception in 2012, incorporating the innovation of Bitcoin, Ripple currency was develop to serve as both a digital currency and digital payment network mainly for financial transactions among users. XRP is a crypto coin operating in Ripple technology. The innovation enables one to transfer money using Ripple technology in one country and transfers it back to another country’s currency.

4. EOS (EOS)

EOS is a decentralized blockchain-based platform for services that could make dapp development easy. The development of EOS is to incorporate the features of other crypto technologies in a simple way. As a decentralized application, EOS empowers the impending blockchain economy. A good alternative investment source for investors.

5. Dash (DASH)

Dash is an open source cryptocurrency run by masternodes, which is a subset of users. It is an altcoin that was bifurcated from the Bitcoin protocol. Dash coin was developed to permit fast transactions that are untraceable. It was also developed to support 50,000 users utilizing the platform in a second.

6. Cadano (ADA)

Cardano is a decentralised open source blockchain and cryptocurrency. Smart contract platform is developed under Cardano which allows more advanced features that have previously been developed. Cardano is the first platform to have been developed through concerted efforts of expert engineers and scientific researchers.

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