Rare Altcoin investors around the world are searching for the next big cryptocurrency. The big financial and technology news for 2017 is the massive breakout and rise of the global cryptocurrency market! Cryptocurrencies have become extremely popular as evidenced by the nonstop mainstream financial press and coverage and extensive discussions about integrations into the existing banking system. Many cryptocurrencies have attracted the interest of the world’s largest hedge funds and investment funds. Some of the world’s most wealthy billionaires are giving advice and offering insight on how to best invest in blockchain technology.
Many people considered Bitcoin a fad and experts around the world have different opinions as to how this will play out over time. However, the global cryptocurrency market capitalization is now over valued at over $300 billion dollars.
Additionally, what we have seen in 2017 is that it is not Bitcoin alone that is gaining global popularity. There are many other altcoins that are as promising and revolutionary which are gaining wide spread acceptance and patronage.
Despite these growing trends, many wonder if now is the time to start to invest in cryptocurrencies. Which digital currencies among the ever growing universe of cryptocurrency are most promising for a prospective altcoin investor.
Thas been a tremendous amount of growth within the sector and significant technology improvements across the entire cryptocurrency ecosystem. The exchanges are getting faster, digital coin wallet technology is improving, and more end users are using crypto coins and digital tokens to transact and invest.
Currently, the majority of investors and traders consider bitcoin the absolute gold standard and most market players include this instrument as a portion of their investment portfolio. Bitcoin has made remarkable and impressive moves and has the largest market capitalization of any cryptocurrency by a wide margin.
To make the most of your investment in cryptocurrencies, the sensible cryptocurrency investor should consider investments in the most promising up and coming altcoins. Many of these altcoins operate with technologies that are optimized versions of the Bitcoin protocol and are thus a good great hedge for a cryptocurrency investment portfolio.
Below are the top 3 rare altcoins to consider for investment and trading
1. Ethereum (ETH)
Ethereum is one of the most innovative Altcoins and digital tokens. This digital currency trades with the symbol ETH and is the second largest in total market size after Bitcoin. ETH has a high market cap and operates with a protocol that varies from that of the Bitcoin as it is a Turing complete programming language and allows developers to embed smart contract functionality into digital tokens that utilize the Ethereum protocol. Ethereum was developed specifically to boost the development and implementation of decentralized apps built with Ethereum smart contract technology.
These digital contracts are designed to trade and run as software programs on the Ethereum blockchain. Many Ethereum developers are paid in ERC20 digital tokens from the new projects that are being developed.
Ethereum is a very popular blockchain for developers interested in raising funds for cryptocurreny and smart contract projects. The most popular method is referred to as Initial Coin Offerings (ICOs) where developers will exchange their new tokens for fiat currency and use the newly raised funds develop their new ERC20 protocol Ethereum digital token.
Why you need to consider investing in Ethereum
One of the main reasons to investing in Ethereum is because its protocol is considered to be revolutionary. While Bitcoin only operates as a-peer-to-peer cash, Ethereum intends to entirely revolutionize the networking infrastructure. As opposed to the client-server mock-up that is utilized currently, Ethereum intends to become a global distributed Turing complete blockchain which can serve as a distributed global hosting and network layer.
The demand for the Ethereum tokens has the potential to escalate exponentially. Ethereum is as well going through a number of upgrading protocols that are intended to make the technology very practical. Examples of these are updates like the Ethereum Casper POS protocol which aims to ensure additional decentralization for the overall network.
2. Ripple (XRP)
Ripple is another great and attractive cryptocurrency worth investing in. As opposed to other cryptocurrencies, it was not structured to be completely independent of already existing global financial institutions. On the contrary, Ripple was formulated to give the financial institutions including large banks the opportunity to easily and speedily transfer funds internationally faster than they are currently able to do.
Ripple is intended to work in an improved but similar way modern Swift banking protocols. A Swift cross-border transfer is completed within three to four days for typical transactions. Ripple uses the Ripple ledger and the Ripple protocol. These make it possible for transactions to be completed only in just milliseconds.
This massive speed improvement over Swift makes it clear that Ripple has great potential to change the operation of modern financial institutions globally. Banks can leverage the use of Ripple when mass adoption of the Ripple protocol kicks in the network will increase new user adoption across the financial landscape.
The tokens that are utilized on the Ripple protocol are the Ripple XRP tokens. A number of serious investors of cryptocurrencies argue that Ripples is too centralized since the solution is meant to be used by banking and financial institutions. However, in the original Bitcoin whitepaper, Satoshi makes it clear that many aspects of centralization are important for global cryptocurrency ecosystem growth.
3. MinCoin (MNC)
The world’s fastest rare altcoin MinCoin (MNC) is an extremely interesting digital open source blockchain based cryptocurrency worth taking a closer look at. MinCoin is a highly optimized hybrid cross between Bitcoin and Litecoin and combines the best traits of both of these powerhouse digital tokens! MinCoin was publicly released as an open source cryptocurrency and the MinCoin software wallet for windows, mac, and linux was released way back in april of 2013 making MNC one of the worlds oldest and long established altcoin projects. There is an extremely active developer community and even a website forum dedicated to the projects future. There are 2 MinCoin per block of the blockchain and each block takes 60 seconds to complete, making this cryptocurrency faster than both bitcoin and litecoin.
Each and every cryptocurrency in the world has a total coin supply which is determined by the individual developer or team of software devs that release the official software protocal and wallet for that new token.
Bitcoin (BTC) has a total coin supply 21,000,000 bitcoin. Litecoin (LTC) has a total coins supply of 84,000,000 litecoin. MinCoin (MNC) has a total coin supply of 10,000,000 total MinCoin. The total coin supply of MinCoin at only ten million clearly establishes MNC as one of the wolrds most rare altcoins. Additionally, MinCoin is only 40% mined making 60% of the total supply of MNC still available for altcoin miners and new investors. The entire world still has a huge opportunity to get involved in this high speed digital token.
Go ahead and purchase some Ethereum (ETH), Ripple (XRP), and MinCoin (MNC) for your rare altcoin investment portfolio. A purse of these three altcoins together with some Bitcoin will put you on the road to building your diversified investment portfolio across various blockain technologies, assets, and digital coins and hopefully some profits!
Always keep in mind that cryptocurrencies and altcoins are volatile and have significant price fluctuations. Only invest an appropriate amount of money based on your current financial situation and remember that over the long term many of these cryptocurrencies have the potential to appreciate significantly.