Which cryptocurrency was popular?
Currently, people are looking for new currencies that will quickly gain from the stock market and repeat the success of Bitcoin. Of course, this is possible because nobody once believed that you can earn on BTC. The problem is that the new cryptocurrencies repeat the same scheme of skepticism as in the case of BItcoin’s debut. It will take several years for the new currency to become popular, but also to be welcomed.
Bitcoin fashion continues. However, it is too expensive for many people to buy it. The greatest success will be given to those who bought it a few years ago. New investors have to look for a new coin.
What to invest in?
The cryptocurrency market exploded in 2016. Bitcoin has beaten new price records, ethereum has become popular, and even banks and Wall Street have become interested in blockchain and ICO. There are also many different cryptocurrencies that are really promising.
The other cryptocurrencies, such as Bitcoin Cash, Ethereum or Dash, have also established their price records. The market capitalization of the entire market increased from $182 billion to $303 billion, although at its peak it was even $343 billion. For the first time the market capitalization of cryptocurrencies exceeded a quarter of a billion dollars. The capitalization of Bitcoin itself is more and more close to $ 200 billion – at the highest point it reached $ 192 billion.
More and more people predict that in 2018 and 2019 their Zcash, Litecoin and Iota coins will have a great moment. So what to invest in?
Iota, Litecoin and Zcash
IOTA is a new, next generation public distributed ledger that utilizes a novel invention, called a “Tangle”, at its core. The Tangle mechanizm is a new data structure based on a Directed Acyclic Graph. As such it has no Blocks, no Chain and also no Miners. Because of this radical new architecture, things in IOTA work quite differently compared to other Blockchains.
Zcash is a cryptothat grew out of the Zerocoin project, aimed at improving anonymity for BTC users. The Zerocoin protocol was initially improved and transformed into Zerocash, which thus yielded the Zcash cryptocurrency in 2016. Zcash payments are published on a public blockchain, but users are able to use an optional privacy feature to conceal the sender, recipient, and amount being transacted.
Litecoin is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. What is important, creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority. Litecoin has some minor technical differences compared to Bitcoin and other major cryptocurrencies. Litecoin also has almost zero payment cost.
Which currency is the best?
Which currency is the best? In the world of cryptocurrenses, nothing is certain and there is no single answer. Everything is speculation, and as has been shown in one study, half of the predictions are incorrect. When reviewing the reviews on the Reddit forum, you can notice interest in the following currencies: Iota, Litecoin and Zcash. But some are still interested only in Bitcoin and Ethereum.
Examining 37 comments above 50 characters, we chose the most popular coins to watch out for.
Therefore, in our study Litecoin won. But keep in mind that everyone will choose the currency he bought himself. So, all predictions should not be a model for investors.