In several ways, bitcoin has been the leading digital currency in the crypto market. For many years before March 2017, the cryptocurrency comprised between 75 percent and 95 percent of the aggregate cryptocurrency market cap. Presently, with over 1,500 different cryptocurrencies for people to choose from, the cryptocurrency still comprise 37 percent of the aggregate $430 billion digital currency market cap.
Bitcoin has a limit of 21 million coins, this means only this amount will be in circulation. This limited amount has created a scarcity of the digital currency which has pushed its value higher than other digital currencies. Instead of placing your hard-earned money or trust in a stodgy cryptocurrency, here are some top digital currencies alternative to bitcoin that could one day be as valuable or more valuable than bitcoin.
For almost a year now, Ethereum has been firmly position in the number two spot of the most valuable digital currencies in the world. A lot of people say, especially developers, that Ethereum could and should be ranked the number digital currency in the world because of the numerous use of its blockchain technology. The blockchain of Ethereum is the digital, decentralized, and distributed ledger responsible for recording transactions in an unchanging and transparent manner.
A lot of cryptocurrencies are all about their underlying blockchain tech. nevertheless, Litecoin is looking forward to overthrowing bitcoin in its very own game as the go-to medium of exchange. The cryptocurrency wants to partner with a lot of merchants as possible, and it is doing a great job in reducing the gap in bitcoin in terms of the number of transactions executed daily.
Monero is another alternative digital currency that has the potential to top bitcoin as the most important digital currency in the world. Monero is a privacy coin, this means you can send and receive coins anonymously – a service you cannot get in bitcoin.
Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.