Bitcoin is getting all the fame in the world and it is now safe to say that Bitcoin is the leader in the cryptocurrency world. But with the limelight and popularity comes risks. Bitcoin wavered on Wednesday and fell to new lows. There are various Bitcoin alternatives which are ripe for investment in 2017. Bitcoin is also the target of several hacking attacks. Bitcoin is difficult to buy as it has crossed $2000. You can buy cheap Bitcoin alternatives in 2017 and make money. In this article I will enlist some of the best cryptocurrencies that are alternatives to Bitcoin.
Best Bitcoin Alternatives to Invest in 2017
Litecoin is one of the best Bitcoin alternatives to invest in 2017. The price of one Litecoin is about $42. A year ago, the price was $13. The currency is growing fast and currently within the reach of the average investor. Litecoin needs a very special hardware to be mined. Therefore the saturation levels are low.
Ethereum is the most famous and reliable Bitcoin alternatives to invest in 2017. In fact, a sizable group in the cryptocurrency community thinks that Ether has more growth advantages over Bitcoin in the long term. Ethereum price fell on Wednesday below $200 after the overall cryptocurrency market fell to new lows. Ether market cap is a whopping $4.46 billion, second to only that of Bitcoin.
Peercoin is another Bitcoin alternative which can be bought be normal investors. The price of a single Peercoin is just $1.6. There was a time when Peercoin used to trade over $100. Analysts think that the coin will skyrocket again as people search for Bitcoin alternatives. The market cap of Peercoin is $40.30 million.
Zcash is an open-source cryptocurrency which was launched in 2016. In December 2016, the price of Zcash was around $60. Today, the currency is trading at about $180. Zcash is the most secure and transparent alternative to Bitcoin. All details of transactions are published on a blockchain in Zcash, but the public ledger does not reveal the details of sender, recipient, and amount.
Ripple is one of the cheapest cryptocurrencies you can buy right now. It is like the penny stocks of the cryptocurrency world. Ripple is currently trading at $0.3, while a year ago its price was $0.006. Ripple is also a payment system, which can be used to transfer money and Bitcoins as well. Ripple is backed by Google Ventures, and famous investor Andreessen Horowitz.
Monero is a completely anonymous cryptocurrency. It is a great Bitcoin alternative to invest in 2017. The current price of Monero is around $46. In August 2016, the coin was trading at just $2.