Talk of bitcoin has become quite common now. People are making a priority of watching and investing in bitcoin as it seems to be one of the best investments out there right now. Many have become fearful of missing out and are therefore investing all that they can. The question still holds, is it really worth the investment?If you are on the search for the next best cryptocurrency investment, there are a few that you will want to keep an eye on.
As of January 3, 2018, the market cap for litecoin is $13.95 billion. Over the last twelve months, it has shown an increase of +6,025%. Litecoin was created by Charlie Lee, a former Google employee. It was created in 2011 and has since become the silver alternative to the golden bitcoin. His original idea was that people would use Litecoin for their everyday purchases rather than current currency. Another perk of Litecoin is that it will produce more coins, an estimated 84 million, in comparison to bitcoin at 21 million.
Currently, there are about 54 million Litecoins in circulation, as compared to 16.7 of bitcoin.
The market cap for Monero is $5.95 billion. In the past year, the performance has raised to +2,596%. The creator of Monero is anonymous. One of the biggest appeals is the anonymity factor. The details of any transaction are anonymous. While the sender, receiver, and amount are recorded in a public ledger, there is no way for anyone else to track the transaction.
While this may sound like a heaven for hackers, the rate of hackers asking for bitcoin is actually much higher than that of Monero.
The market cap for Neo is $5.86 billion and the performance has increased to +83,570% within the past year. Neo was created by two gentlemen. Da Hongfei of China and Erik Zhang. It is predicted that Neo will take off if China decides to jump onto the bitcoin bandwagon. At this point, they are still full of skepticism. Naturally, they are fearful of the hacker aspect.
Cardano has a market cap of $20.21 billion. There has been a slight increase in performance within the past year of +3,296%. Cardano was created by IOHK (Input Output Hong Kong). It will take quite a bit of dedication and a well put together team to see Cardano take off. It officially launched just a few months ago and has not really had much time to take off. Time will tell the direction it will go. Currently, the focus seems to be on personal transactions.
Ripple is currently capping out at $95.45 billion with an increase of +41,040% within the last year. Ripple was created by Ryan Fugger, who is a web developer, businessman Chris Larsen, and programmer Jed McCaleb. Ripple was launched in 2012. At this point, it seems to be a combination of Western Union and the exchange of currency. The only difference is that there are not huge fees associated with it. Ripples allow consumers to connect banks and payment processors as well. The goal is to allow people to send money globally without all of the added fees and stress.