Although Bitcoin is the first cryptocurrency, and is still the most popular one, there are many, which were launched after that. Mostly, they are referred to as altcoins, and make many attempts to position themselves as updated variations of Bitcoin.
While Bitcoin is regarded as the innovator of the crypto world, there are many specialists trying to evaluate currencies other than Bitcoin. Here are some of the most interesting cryptocurrencies on the today's market:
LuckyBlock (LBLOCK)
LuckyBlock has one of the top positions of the most interesting cryptocurrencies. It is actually one of the fastest-growing crypto platforms.
The objective of LuckyBlock is to increase credibility and justice in gaming, by making a lotto, where everyone has a high chance of winning. Moreover, the cryptocurrency tries to create a good investment plan and opportunity for the investors to contribute to a broader community.
LuckyBlock uses distributed ledger technologies to facilitate prize payouts. The blockchain verifies participants and their tickets, so there is not a possibility of any scam or data theft.
Polkadot (DOT)
Polkadot also has a place among the most interesting cryptocurrencies, as a one-of-a-kind POS coin with an aim to provide compatibility with other blockchains. One of its essential features is its relay chain, enabling network compatibility.
What makes Polkadot different from Ethereum is the opportunity for developers to establish their personal blockchain while still using the benefits from Polkadot’s protection.
Stellar (XML)
Stellar is an open blockchain system, connecting financial organizations to provide solutions for massive payments. Transfers between major banks and firms can now be completed instantly without the need of a middleman and at a very low cost.
Although it has a position as an industrial blockchain for corporate transactions, Stellar is still in a public blockchain, supporting cross-border payments.
NEM (XEM)
NEM is another interesting cryptocurrency with a green approach. It emerged as a version of NXT in 2015.
NEM has its own cryptocurrency - XEM. It is not utilized as a payment method by retailers, the way Bitcoin is, which made its value increase dramatically.
ZCash (ZEC)
ZCash was launched in 2016 as a cryptocurrency comparable to Bitcoin with a few added characteristics.
ZCash is actually a fork of the Bitcoin codebase. In 2014 some security issues were found in the way Bitcoin’s blockchain handled payments, and the cryptocurrency was called Zerocash in their papers.
In 2015 the Zerocoin Electric Coin Corporation was established, later switched to Zcash.
What makes cryptocurrencies important?
Here are some of the main factors that show if a cryptocurrency has a potential:
Price potential
Of course, this must be among the top considerations. Some cryptocurrencies are well-established, which means that it is unlikely to see exponential returns in BTC’s price in a short period.
At the same time, smaller market cap coins are riskier, but have great price potential in the short-term.
Use cases
Greatest cryptocurrencies have some great use cases too, bringing more investors to it.
Roadmap
The Roadmap of a cryptocurrency is crucial, as investors will be interested in it, only if there is a long-term plan.
Accessibility
Accessibility of a coin is also a critical factor, as it refers to how easy it is to invest in the cryptocurrency, and this is a key consideration for traders.
Choosing the right cryptocurrency to invest in is never an easy task. As we know, they are highly volatile, which makes investment a risky process. The only advice we can give you is to do good research and never invest more than you are willing to lose.
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