According to some analysts it should exceed Bitcoin. It relies on a technology operating on a decentralized network to create applications on the blockchain, that is to say on the network. In 2017, it went from 7 dollars to 356 dollars and this in just 6 months. It is therefore to watch very closely.
Ripple: The difference with Bitcoin is that it is deflationary, that is, the stock is limited and that each transaction XRP disappear, reducing the stock (100 billion XRP) and thus making increase its value. The goal of Ripple is to eventually replace the SWIFT payment, a type of international money transfer sent via the interbank network, to accelerate financial transactions from one country to another. It is of interest to banks as part of Security Token Offering.
Litecoin: Very close to Bitcoin, it can work with the same mining software. It is faster because it aims to create a block every 2 minutes 30 while the Bitcoin can create every 10 minutes. Confirmation of transactions is much more secure, and mining is possible with any computer.
Monero: It is not quite young yet It is just as interesting. Launched in 2014, Monero is an open source cryptocurrency oriented for privacy. It uses crypto not technology and secures user spending. Indeed, it is impossible to use a dual-spending attack that consists in charging a person twice. Moreover, it guarantees the anonymity of the users thanks to a system of signature of circles. Finally, it can evolve while Bitcoin is limited by its Security Token Offering code.
There are many others, but it is better to invest in the most popular. It would be unfortunate to invest in a currency that would disappear, even if they are all extremely volatile. The risk profile of the investor must be identified. You must know if you are a moderate, conservative or aggressive person at the time of investing. You need to be clear about how willing you are to take risk versus the profitability you expect to obtain.
The second recommendation of experts is to determine the time in which you wish to recover your investment. If you want to invest with a horizon of three months, you can not do it in treasury bonds. he third suggestion is to do it in an entity that transmits confidence to the investor. You also need to define security over capital and transparency in costs
In the case of technology such as blockchain, for example, being supported by servers located in different parts of the world, it reduces the risk of virtual wallets being victims of cyber attacks. The transfers of these coins are anonymous, the only ones who know the details are the users who make them, which generates greater transparency and security.
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