After the success of Bitcoin and the rise in the price of the first-ever cryptocurrency, many new coins were developed in cryptoworld. In simple words, any coin other than bitcoin is termed as “Altcoins”. These coins are created by tweaking the Bitcoin's or any other existing cryptocurrencies protocol. In the growing world of cryptocurrency, there are more than 3000 cryptocurrencies which came into existence and so it is a tough job to choose the right Altcoin to invest in it. Here are the 5 most promising Altcoins that can help you to narrow your search.
Disclaimer: This guide should not be considered as financial advice. It is highly recommended to do appropriate market research before any investments.
LitecoinAfter the successful launch of Bitcoin, Litecoin was the next one to enter the Cryptoworld in 2011. Charlie Lee - a computer scientist created Litecoin by making some technical changes in the bitcoin’s source-code and made it the fastest peer-to-peer currency that enabled instant, near-zero cost payments to anyone across the world. Also, litecoin has a total supply of 84 million with an average block mining time of 2.5 minutes.
Reasons why to choose Litecoin as a Long-Term Investment
EthereumEthereum is the second-largest digital currency introduces Vitalik Buterin in late 2015. It has been a popular choice in many industries as its cool feature named Smart Contracts helps developers to build decentralized applications (dApps) on top of its (i.e. Ethereum's) blockchain which helps to avoid fraud, downtime, and control or interference from a third party. Ethereum can also be used for banking and financial service contracts, ICOS, prediction markets, replacing escrow, identity management. The Enterprise Ethereum Alliance founded in 2017 has over 200 organizations that are testing on various versions of Ethereum's blockchain in different industries. Ethereum has a circulating supply of 106,376,346 ETH, the market capitalization of $26,307, 580,992 and faster transaction of 6 minutes as compared to Bitcoin.
Reasons why to choose Ethereum as a Long-Term Investment
RippleRipple is the hot choice in banking and financial institutions as it can be used as an intermediary for quick transaction-processing and settlement service; allowing to transact directly and instantly across national borders. XRP currently has a fast transaction processing time of about 4 seconds and a cheap transaction fee about $0.004 per transaction (which is less than half a cent). It has a circulating supply of 42,181,995,112 and a market capitalization of around 17 billion USD.
Reasons why to choose Ripple as a Long-Term Investment
StellarStellar offers the fastest and the cheapest online payment and cross-border payment services as compared to the other large companies. Also, it does not use proof of work verification which is time and energy consuming which allows processing a transaction in approx 5 seconds. It has a market capitalization of $2,378,213,121 and a circulating supply of 19.331,689,641.
Reasons why to choose Stellar as a Long-Term Investment
Binance CoinBinance coin is the official coin of the Binance platform that offers a stage for trading cryptocurrencies. Binance is soon launching its own decentralized exchange, Binance DEX that would be available on all platforms, such as Windows, Linux, Mac OS, iOS and Android. BNB has a market capitalization of 4 billion USD and a circulating supply of 141,175,490.
Reasons why to choose Binance Coin a Long-Term Investment
“Facilitation of payments for users in Great Britain – is very important. The British users will be able to bring in and destroy pound on the bank accounts much quicker. For us this was a large call, and I think, we we got an excellent result. During next weeks this service will become accessible for all clients”, – Zeeshan Feroz marked.According to him, the British market is the largest in Europe. Thus, a company intends to attract not only retail clients but also institutional investors.
Buying Binance Coin (BNB) in Germany, Austria and Switzerland. The Binance Coin can only be bought on the platform Binance.com* so far (to the detailed review).The coin can also be bought in Germany, Austria and Switzerland via the Chinese crypto-currency platform Binance, which is situated in Shanghai. Bitcoin’s divisibility also makes it easier for small investors to buy fractions of BTC. Store of Value, Medium of Exchange and Unit of Account. The sentiment is divided on Bitcoin’s current role. Many believe that Bitcoin is simply a currency – a tool to move funds from point A to point B. We’ll get into this in the next section, but ... For a typical fiat-backed stablecoin, an issuer holds reserves of euros, dollars, etc. Then, for every unit in their reserve, they issue a token. This means that if $10,000 were locked away in a vault, the issuer could create 10,000 tokens, each redeemable for $1. This is quite easy to implement in Ethereum, technically speaking. An issuer ... he CoinDesk Bitcoin Calculator converts bitcoin into any world currency using the Bitcoin Price Index, including USD, GBP, EUR, CNY, JPY, and more. Malta-based cryptocurrency exchange Binance has announced the launch of Latamex, a fiat-to-crypto gateway located in Latin America. Latamex operates under the umbrella of the greater Binance Fiat Gateway. The new platform will allow Latin American users in Brazil and Argentina to make direct purchases of cryptocurrency with the Argentinian Peso (ARS) and Brazilian Real (BRL). Crypto exchange rate calculator helps you convert prices online between two currencies in real-time. With Binance, you can easily buy Bitcoin with cash, as well as other cryptocurrencies we offer on the platform. Through this service, you can use your credit card to directly purchase Bitcoin, Litecoin, Ethereum, Ripple, and Bitcoin Cash using US Dollars or Euro. You can also use your US Dollars and convert them into stable coins such as Paxos (PAX) or TrueUSD (TUSD), You can convert your PAX ...
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