Bitcoin: are there any other options?

I get you. Believe me, I do. The world is getting more and more crowded every single day and even when you thought nobody among your friends will invest in cryptocurrencies, boom! At the pre-Christmas party you can hear the word “Bitcoin” every 5 minutes.

There is nothing wrong with that… of course, everybody is talking about it now and for a good reason. Last week, Bitcoin broke above an all-time peak of $19,000 per unit.

The Bitcoin fashion has quickly spread around and we now get this feeling that we are not unique anymore. We are simply not alone in the cryptoworld. But no worries, there are still alternatives for the picky ones and that not all CNBC or Bloomberg viewers are aware of.

Ethereum (ETH)

Ethereum is seen as Bitcoin’s archrival, please don’t ask me why. It was launched in 2015 and it has found strong popularity among developers who intend to develop and run apps inside the platform. Apps on Ethereum are run on Ether, its platform-specific cryptographic token.

Market capitalization: $57.51B / Current price: $679.72 per ETH

Litecoin (LTC)

Litecoin was launched in 2011 and it currently displays a great performance since its creation. Even enthusiasts who call Bitcoin gold, titled Litecoin as silver. As a payment method, Litecoin offers a faster transaction confirmation than Bitcoin. The number of merchants accepting Litecoin is growing worldwide.

Market capitalization: $15.6B / Current price: $287.06 per LTC

Monero (XMR)

Monero is a third option, not so popular but with great potential. It was launched in April 2014 and in contrast with Bitcoin’s mysterious background, Monero is fully donation-based and community-driven. This cryptocurrency offers complete privacy through a technique known as ‘ring signatures’. Invest on it… we keep it secret!

Market capitalization: $4.8B / Current price: $310.23 per XMR