At the current time, cryptocurrencies are looking like the best investment options, but instead of pouring cash over Bitcoin that you can hardly afford, there are a lot of great bitcoin alternatives that are much more affordable.
Although it is a top-rated digital coin, at the current price of $7,406 for one Bitcoin, it can be very expensive. So, if you are looking to invest in cryptocurrency while you are still building a fortune, here are some excellent bitcoin alternatives to get your money’s worth.
- Ripple (XRP)
Since its launch in 2012 by former developers of Bitcoin, Ripple has been considered the successor of the crypto giant. Also, this digital coin has become widely accepted by banks all over the world. But, it is not just a digital coin. Ripple is a means that allows traders and investors to trade other cryptocurrencies as well. Plus, its structure is also unique as it doesn’t require mining, which means less computing power and network latency. Ripple is also currently trading at less than $1.
- IOTA (MIOTA)
IOTA is a new kid on the block, which was only launched in 2018. But despite its very short history, it has been a driving force in the market. What makes it ideal for a lot of traders and investors or anybody using a digital currency is that it is blockless. It means that there are no fees for making transactions using the network. Plus, it is a great alternative to bitcoin if you are looking for cheap options as it is currently trading at less than a dollar.
- Litecoin (LTC)
Since launching in 2011, Litecoin has been referred to as a second to Bitcoin. It is one of the initial cryptocurrencies in the digital currency world that is still holding firm to its success until now. And while Litecoin is similar to Bitcoin in a lot of ways, what makes it a good alternative for Bitcoin, aside from its more affordable price, is that it has a faster block generation rates. In short, Litecoin offers faster confirmation of transactions, plus its current trading rate at around $41, and it can be a great investment.
- Ethereum (ETH)
Ethereum was first launched in 2014, which aims to decentralize further the digital currency more than what Bitcoin offers. It is a decentralized software platform that allows building and running Decentralized Applications and Smart Contracts safe from fraud and without any downtime or third-party interference.
Because of its wide use and applicability, Ethereum has become one of the hottest digital currency, an excellent alternative of Bitcoin, especially as some traders are saying that it could soon surpass the crypto giant. Ethereum is currently trading at around $132.