Besides Bitcoin, 5 Digital Currencies Can Be Alternative Investments
(Photo istockphoto)
Since its emergence, digital currency cryptocurrency is increasingly popular as an investment instrument.
Bitcoin is still a crypto currency with the most fantastic value. However, besides that there are various other alternatives that you can use to invest.
Here are five digital currencies with the highest market capitalization other than Bitcoin which can be an option. (All price data and market capitalization are taken from CoinMarketCap on 11-12 June 2018)
1 Ethereum (ETH)
(Photo liputan6.com)
Ethereum is the most popular digital currency after Bitcoin. Appearing for the first time in 2015, the exchange rate for the first 18 months was only around USD 10. However, the ETH value in early 2018 succeeded in soaring to touch the figure of USD 1,389 or around IDR 19.4 million. At present, ETH is at a price of around USD 531 with market capitalization reaching USD 53 billion.
2 Ripple (RXP)
(photo coincentral.com)
Initially, this digital currency was used privately for internal transactions on the Ripple Network. However, Ripple finally went public in 2013 to be used as a medium of exchange and broad payments.
At the time this article was written, RXP's market capitalization touched USD 59 billion or around IDR 823.8 trillion. Buying this crypto currency is not as easy as Bitcoin and others, because Ripple is not available on the Coinbase trading exchange. Ripple prices are currently at USD 0.5, it's still cheap if you want to buy.
3 Litecoin (LTC)
(photo etheruemwoldnews.com)
Litecoin was developed by Charles Lee, a former Google employee, and started flooring in the cryptocurrency market since 2011. Compared to Bitcoin, Litecoin has a faster transfer time and is the first digital currency to use a scrypt security system.
Beginning in 2018, Litecoin's market capitalization managed to touch USD 14 billion (IDR 182 trillion), while in May it was USD 6 billion. Meanwhile, 1 LTC is currently worth around USD 107.
4 IOTA (MIOTA)
(photo cryptocunrencynews.com)
Selain harganya masih murah, IOTA juga memiliki tren yang cenderung positif. Oleh karena itu, mata uang digital ini direkomendasikan sebagai alternatif jika kamu hendak investasi cryptocurrency. Saat ini, harga 1 MIOTA cuma sekitar USD 1,41 dengan kapitalisasi pasar mencapai USD 3,9 miliar (setara Rp 54,4 triliun).
5 DASH
(photo coinjournal.net)
Created with the base of Bitcoin software, DASH is a development of Bitcoin itself. However, this cryptocurrency is claimed to be better in terms of transaction speed and anonymity.
By Evan Duffield, its creator, DASH is expected to be the most user-friendly and on-chain scalable currency compared to other cryptocurrency. At present, the price of 1 DASH is in the amount of USD 271 with a market capitalization of up to USD 2.2 billion (equivalent to IDR 30 trillion).
In Indonesia alone, crypto currencies have not been recognized as legal tender. However, you can still use it as an investment instrument.
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