How real is the competition to Bitcoin?

Cryptocurrencies continue to take the world by storm, with values increasing and new products entering the market all the time. While Bitcoin is still the world’s biggest digital currency, it faces serious competition from Ethereum, Bitcoin Cash, and Ripple just to name a few. The rise of cryptocurrencies has been called the biggest evolution of the financial system in history, as decentralised exchanges and blockchain technology continue to change how the world views money.

While no-one knows exactly what’s in store for the crypto market for the remainder of 2018, the trending markets seen in 2017 seem to be consolidating into trading ranges across time scales. The entire cryptocurrency market is now worth over $700 billion, with much of this value belonging to just a few financial instruments.

Despite a growing number of digital coins on the marketplace, Bitcoin faces the most serious competition from Ethereum, Bitcoin Cash, and Ripple. Let’s take a look at the advantages and disadvantages of Bitcoin and see what the competition has to offer for new and seasoned investors.

Bitcoin is the originator, the world’s first cryptocurrency, the virtual coin that made everyone sit up and pay attention. With a current market cap of $150 billion, Bitcoin trading is over twice the size of its main competitor, Ethereum. This can change, however, with the market cap nothing more than the product of the total currency supply and its instant exchange rate. If either the exchange rate or the supply goes down, the market cap does too. While Bitcoin trading is still the most obvious choice for investors and traders due to its liquidity, it is facing some problems.

To read more, please click on the link below…

Source: How Real is the Competition to Bitcoin? All Cryptocurrencies Review