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Top 6 Bitcoin (BTC) Alternatives in 2018

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It has been a while since cryptocurrencies first appeared, and due to their last year’s increase in price and popularity, nearly everyone with the internet connection has at least heard of them. Most people are already somewhat familiar with Bitcoin (BTC), which is the first and biggest crypto to this day. However, there are many, many more of them out there, some of which can serve as more than decent BTC alternatives. Let’s list some of them, and see what they can offer.

Litecoin (LTC)

Litecoin is often described as silver to Bitcoin’s gold. It is a currency that first appeared in 2011, and it is among the first ones to appear after BTC. LTC was created by a former Google engineer and an MIT graduate, Charlie Lee, and it is based on an open-source network for global payments. It is decentralized, meaning that it does not have a central authority, and is known for using scrypt as its proof-of-work.

Considering the fact that it appeared so soon after BTC, it shares many similarities with this currency. What makes it different, however, is a much faster rate of block generation. This also allows for faster transactions, which is a useful feature that has inspired many to start adopting LTC as a part of their business practices. Its current value is $122.10 per coin.

Ethereum (ETH)

Ethereum is a much younger crypto that was launched back in 2015. It is basically a decentralized software platform, and it allows for the creation of dApps and Smart Contracts. Thanks to these products, issues like fraud, downtime, interference, or control from some third party is completely eliminated.

Before ETH’s official launch, Ethereum has a pre-sale which had a much bigger response than anyone would have expected. Its token is called Ether, and it allows its holders to easily navigate Ethereum’s platform, which is why app developers who wish to use this platform make the majority of ETH holders.

After a cyber attack from 2016, Ethereum had to split, which led to the creation of another altcoin, Ethereum Classic (ETC). ETH’s current price is $602.78, while ETC’s price is $15.75.

Verge (XVG)

Verge is yet another crypto that was inspired by Bitcoin, and it even used BTC’s original blockchain, which it improved for its own purposes. Those purposes include providing its users with an efficient and fast decentralized way to make transactions directly. Its goal is to allow the users to keep their privacy, and give them flexible options when it comes to sending and receiving payments.

To achieve such levels of privacy, Verge uses networks that provide anonymity, like 12P and Tor. That way, it can successfully hide its users’ IP addresses, and keep their transactions untraceable. As for its price, it is currently at $0.041980.

Ripple (XRP)

Ripple is a crypto that was developed and launched in 2012 by the Ripple company. This company has a complete ownership and control over this currency, which makes it impossible for anyone to actually mine it. The only way to get Ripple is to buy it from a trading platform. This level of control, as well as multiple products that provide its users with quick and safe payments, has made Ripple one of favorite cryptos among the banks.

Financial institutions have discovered its potential, which has inspired them to adopt it and use its technology to improve their own businesses. Ripple, of course, accepted, which allowed it to gain more exposure, influence, and users. Its price is at $0.623194.

Dash

Dash is a crypto that appeared in January 2014 under the name of Darkcoin, and is mostly described as Bitcoin’s more secretive version. Obviously, it was inspired by BTC, but it offers much more anonymity than BTC. It works on a mastercode network that is completely decentralized, and it allows for untraceable transactions.

Due to its nature, it became very popular very quickly, and it can be mined by anyone by using GPU or CPU. Its name was changed from Darkcoin to Dash in 2015, but it kept all of its original technological features. Its current price is at $338.29.

Despite the fact that BTC is the biggest and the best-known crypto within the online world, there are still many currencies that can be used as its alternatives. Most of them offer a better deal when it comes to privacy or fees, which is not surprising considering that they managed to build on the foundation that BTC itself has set.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Bitcoin

The Bitcoin Revolution: Everything You Need To Know To Take Profits

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Bitcoin is soaring high in the cryptomarket once again, and experts are expecting a return of the bullish trend of 2017. The current Bitcoin price is $7,615 as of 23 May 6:56 AM UTC. This significant jump comes just six months after the Bitcoin price plummeted to a low of $3150 in December 2018. Since then, Bitcoin has experienced steady growth and gain in the market. However, in the last 30 days, the Bitcoin price peaked to $8,320.82, its highest price ever. This phenomenal jump occurred in a span of only 10 days breaking the Bitcoin record so far of significant gains made in short time frames. This positive growth has led to experts forecasting the Bitcoin price to hit the $20,000 mark by the end of this year.

Since entering the market almost 11 years ago, Bitcoin is still at the top of the global cryptocurrencies list. The current circulating supply of Bitcoin is at unbelievable 17,708,875 BTC. The market trend of the Bitcoin price has remained positive even when the currency did not maintain an uptrend. Cryptocurrency researchers believe that Bitcoin has the potential to grow up to a high of USD 50,000 within the next two years.

How to Profit from Bitcoin…

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Altcoins

3 Altcoins That Are Outperforming Bitcoin and Will Likely Face Consequences

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The crypto market is going through a period of massive recovery in the past few months, which has caused the investors’ optimism to return. While all eyes are on Bitcoin (BTC), as usual, the largest coin seems to be struggling with a major resistance level at $8,000 at the moment. While this level was breached a few times now, every breach resulted in a correction.

At the time of writing, BTC is approaching this level yet again, with its current price being at $7,985,79, and rising further. The price managed to grow by 1.06% in the last 24 hours, and will undoubtedly hit $8,000 in a matter of hours, if not sooner.

However, while Bitcoin continues to remain volatile and struggles with waves of growth and decline, there are some altcoins that are not following its path. Of course, most of them are performing in pretty much the same manner as BTC, as they always had. But, a few coins have actually managed to outperform Bitcoin in recent months.

While optimists believe that this might lead to decoupling from Bitcoin — something that only Binance Coin (BNB) managed to pull off up to this point — it is likely that there will be consequences for these cryptos. This likely means that a price drop for these specific coins awaits somewhere in the near future, as outperforming BTC…

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Altcoins

3 Cryptocurrencies Most Likely to Follow Bitcoin’s Performance

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For more than a year, the cryptocurrency market has been dominated by bearish influence, with most coins seeing constant drops, or stagnation, at best. This all changed in the past few months, starting with Bitcoin which once again started leading the market up, bringing one minor rally after another.

BTC itself experienced massive losses in 2018, with its price going down by around 84%. Most other coins among the top 10 mirrored its performance, and some of them experienced even greater losses. However, now that Bitcoin sees gains again, these cryptocurrencies are still following its example, and many of them have seen massive breakouts. Some of the more notable altcoins that followed Bitcoin’s recent example are Ethereum (ETH), Stellar (XLM), and Cardano (ADA).

Ethereum performance mirroring Bitcoin’s price

As mentioned, Bitcoin led every rally so far, but before it did, its price first went through what is known as an ascending triangle pattern. The pattern held for around five months, which is exceptionally long for the crypto world. However, once the pattern was finally broken — the coin’s price skyrocketed, more than doubling itself within only two months.

One thing to note is that Ethereum performed in pretty much the same fashion. After five months of struggle and confusion for investors, the second largest cryptocurrency also managed to break the pattern and skyrocket as well. It…

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