Some say that the cryptocurrencies are the future of economics. Others disagree. Whatever your stand is, there is no doubt that these virtual currencies have become extremely popular in the past 8 years, being valued at about US$170 billion. It all started with Bitcoin, the most famous of all cryptocurrencies, and then many others were launched thereafter. For those of us who are still clueless of the various cryptocurrencies available in the market today, let us discuss the various cryptocurrencies available in the Online Cryptocurrency Exchange available today.
Whenever we think about cryptocurrencies, we generally talk about Bitcoin or Etherium, the ones which are most famous of them all. However, there are other cryptocurrencies that are also gaining rapid popularity, part due to their inherent USP’s which put them in the top 10 club of the most mined and traded cryptocurrencies in the world. Yes, we are talking about the mining and Exchange of Monero, traded as XMR.
The cryptocurrency is a profitable business which has been used by investors to generate great profit for them. The generation of digital currencies has arrived and the people who are engaged with cryptocurrencies are ahead of the game. It all started with the introduction to Bitcoin back in 2009 where it revolutionized the currency transaction industry. It fortified the security of fund transfers as we know and the cryptocurrencies became the new savior of investors. People started to deviate towards Bitcoin and blockchain.
The introduction to Bitcoin also gave birth to Litecoin which was considered as the clone of Bitcoin. But Litecoin was actually different than the Bitcoin which was later understood by the investors. These investors understood that the Litecoin was much different than Bitcoin when they considered the block time of the cryptocurrency. Litecoin was much more adaptable with the investors because of the faster transactions when compared with Bitcoin. Here are some reasons that you should buy Litecoin when you think of investing in cryptocurrencies.
Many of us who have heard of cryptocurrencies relate it only to Bitcoin. However, there are other much better alternatives to Bitcoin which are available in the market which operate in a similar fashion to Bitcoin. Litecoin, traded on the Cryptocurrency Exchange as LTC is one alternative that is gaining prominence in the market. Its total value in the market currently stands at about US$ 3.47 billion, with one Litecoin costing US$59.25 approx.
Litecoin was established in 2011 by ex-Google employee Charles Lee. It was considered the fork of Bitcoin, solving some of the flaws of Bitcoin. Litecoin gained popularity from 2013, when a significant jump in its value occurred catapulting it to the top 10 cryptocurrencies in the world.
The Dash cryptocurrency has been a prominent cryptocurrency since it was founded. The year 2014 was a golden year for cryptocurrencies as cryptocurrencies were getting discovered by investors. Although being the new crypto in the market, Dash was able to gain popularity among the investors. The Dash cryptocurrency was a tough competition for many established and new budding cryptocurrencies. The main reason behind it was the quality of the service that Dash provided.
The Dash cryptocurrency was originally forked from Bitcoin protocol which is an open source cryptocurrency. It is a form of decentralized autonomous organization which is controlled by “masternodes” who are a subset of users. The fact that Dash cryptocurrency is decentralized makes it a perfect cryptocurrency for the investors who are in the lookout for a profit. The Dash has been a cryptocurrency that has helped many investors to gain a great profit by investing in Dash. In spite of the success of Dash, there are only a few investors who actually trust in Dash. Here are some reasons which can justify why you should invest in Dash.