Ethereum, Altcoins In Spotlight of Investors in 2017: Report
Aside from Ethereum, there are other cryptocurrencies that have an even bigger potential for earning because they have a lower price.
While the spotlight has been on Bitcoin due to its record-breaking all-time highs, other cryptocurrencies are also on the rise. Though many investors have lost the opportunity to earn millions from Bitcoin, other opportunities are rising up in the cryptocurrency market. One of the most notable ones is Ethereum.
Catering to investors
Ethereum is now moving into the spotlight due to its sharp growth of 13,633 percent since 2015 - a record that not many financial mediums have seen in a long time. In fact, experts expect Ethereum price to go even higher than it currently is.
With all the spotlight shifting focus, Ethereum has been constantly trying to improve their system to further cater to investors.
The Ethereum platform aims for zero downtime and strong security. With the system features alone, Ethereum already holds the upper hand on Bitcoin. With its fast transaction rates, Ethereum has moved further ahead of Bitcoin.
Ripe for the taking
Aside from Ethereum, there are other cryptocurrencies that hold even bigger potential for earning, due to their lower price.
While Bitcoin and Ethereum are continuously growing, they will eventually reach a point wherein investors won’t receive much profit anymore because they will have reached their peak value. However, the younger and newer cryptocurrencies are still at a low base, which means that they have the potential for future growth.
Ripple and other altcoins
The third highest in value after Bitcoin and Ethereum is Ripple, which has a price of $0.33 and is expected to grow.
Ripple is predicted to have a one-year return of 5,478 percent, following the trend of other digital tokens. Following after is New Economic Movement (NEM), which is priced at $0.257 and expected to have a one-year return of 14,998 percent.
Another digital token that is being targeted by investors is Bytecoin, which is currently priced at $0.00395 and expected to have a one-year return of 9,785 percent.
All figures were taken from a report by CoinMarketCap.
These are only a few of the smaller players that are making their way to the heights of Bitcoin. However, among all of the digital tokens that are found in the cryptocurrency market, Ethereum is seen as the biggest winner after Bitcoin and seems to be making its way to all-time highs in 2017.