Cryptocurrency is an important financial product of today. One of the main benefits of it is its full independence. Cryptocurrency is not under control of state governmental banks.
This is an independent money that freely circulates in the economy. Cryptocurrency helps to launch new products. There appear more and more types of cryptomoney. In 2018, you can find attractive alternatives to Bitcoins.
The most popular cryptomoney in 2018
Bitcoin is still one of the most popular currencies on the market. Though, today it is not enough. ICO projects let to monetize new types of cryptocurrencies. Here are tor three cryptomoney that will be popular in 2018:
- Litecoin. It was launched only two years after Bitcoin. Though, it took time to this crypto money to gain a reputation as a solid financial mean. One of the main benefits of this money is they can be easily capitalized. Therefore this type of money is very beneficial to invest in virtual projects. Litecoin has become even more popular payment method in 2018. Today the biggest currency exchanges accept it. You can buy or sell it on Coinspot, Huobi Australia, Binance, Etoro and other platforms.
- Ethereum. It was first introduced into the market in 2015. The price of Ethereum fluctuated on a financial market for long. Today this currency has the highest level of trust between the investors. One of the most important benefits of it is that Ethereum project has a development plan. This is crypto money that will for sure exist in the future. Another benefit of it is its functionality. Ethereum platform lets not only trade cryptocurrency. It also allows developing smart contracts.
- Zcash. This cryptocurrency was launched just in 2016. Though, today financial analysts count on it. It is known as one of the most reliable crypto money. Zcash is an open system currency. That means it is open for improvements by interested parties. This is also one of the most secure cryptocurrencies that exist today. When Zcash is bought or sold the name of a buyer or a seller is hidden. Such confidentiality makes it very beneficial for businessmen to acquire such type of money. It is traded on Coinspot, Bitfinex, Changelly, and other major cryptocurrency exchanges.
These are the main types of cryptocurrencies that are perfect alternatives for Bitcoins. Though they are reliable financial means, it is good to buy or sell these assets in small quantities.
The value of cryptocurrency is very unstable. As national banks do not regulate it, it fully depends on market conditions. That is why it is a good idea to make cryptomoney small purchases and reinvest money immediately.
Cryptomoney has to be quickly rotated. The more you invest and reinvest is the more beneficial it is for you. It particularly relates to new cryptomoney. They can lose their value in hours. That is why you have to manage this financial means quickly and efficiently.