Five popular cryptocurrencies, not counting Bitcoin

The first, which people associate with “cryptocurrency” is Bitcoin – the most famous virtual unit and financial assets. And is there anything else? People who are advanced in trading know that yes. And if you are a person from another group, read on!

Who is this article for?

This text will be beneficial for novices in the crypto zone or for people who want to know this unknown world. To be honest, beginner traders can be difficult to comprehend all the nuances of cryptorin at first. In this case, the best step is to use comprehensive trade applications. Bitcoin era is a great technical solution. Click here to learn more.

Bitcoin competitors

And now let’s consider five popular cryptocurrencies without taking Bitcoin, and think about it.

1. Ethereum: The currency exists since 2015. It is interesting that its quantity is unlimited. Ethereum is characterized by the use of the system of “intelligent contracts”, which significantly simplifies commercial operations. This virtual currency covers 20% of the entire market. At the time of writing this text, its value was $ 2,886 per unit.

2. Ripple: Is the fastest virtual currency. Her code was written in a unique way without leaving to another similar code. This allows you to increase the speed of the bank transaction. Ripple cryptocurrencies cannot be created, it’s just impossible. Traders already trade 38 trillion units. Price when creating a given content – 0.65 dollar per coin.

3. Dash: Is a representative of the Bitcoin variant. Its creators in 2014 took the code of the last virtual currency and simply changed the part, as a result Altcoin was obtained. This was due to operational issues when trading in bitcoin. The main feature of the Dash currency is anonymity, which is protected by the “Darksend” mechanism. No man can track a foreign transaction. This means that privacy during trading is at a high level. Unit price – $ 95.1.

4. Nem: This is a cryptocurrency written on Java and JavaScript and launched in 2015. It is based on the use of unique validity confirmation algorithms, which is a qualitative jump in the cryptocurrency zone. The price of the unit equals $ 0.09. Part of the NEM currency market accounts for 1.5% on its total value.

5. Litecoin is an interpretation of Bitcoin and was created in 2011. Is characterized by the speed of conducting commercial transactions. Thanks to this, the Litecoin system can process more interests than Bitcoin, which conveniently distinguishes the first of them. It is interesting that the measure of the analyzed cryptocurrency is limited and cannot exceed the index of 84 trillion units. The price of the coin was about $ 100.

These are the basic alternatives of Bitcoin and his main competitors on the blockchain market. An experienced trader cannot ignore them and must quickly adapt to each of them, even by changing his strategy. The above -mentioned Bitcoin Era application easily accompanies – Modern trade algorithms and automatic bot will help you reach for success.

Important details at the end

It is worth emphasizing that the situation with cryptocurrencies is very dynamic and variable. After a few years, the list presented here with great probability will be out of date. Therefore, the trader should be able to analyze the market and avoid critical situations using forecasting.