Through the usual media, we hear over and over again about the same cryptocurrency, Bitcoin, as if it were the only one that exists.
The number of alternatives available in the cryptocurrency market are thousands, and there are more every day.
In fact, there are currently about 1500 different digital currencies. When talking about alternatives, we also include those that are really rare.
Here we leave you the description of some of them carefully selected. Enjoy the infinite varieties offered by the market!
Just go to Google Images and search for “Doge“, in an instant you will recognize the world-famous Shiba Inu puppy meme.
Yes, a digital currency about a meme: what a way to start! Born in 2013 as a spin-off of another cryptocurrency, Litecoin, today it has millions of units online.
Today it does not have as much impact as in its beginnings, but it is still used to make contributions to content creators.
The development of this cryptocurrency took place to streamline transactions between consumers and sellers of the cannabis plant.
If you intend to get your hands on it (no prejudice on our part), be warned that you will need lots and lots of this cryptocurrency, as it is only worth $0.1.
Is Potcoin legal or illegal, who knows? Maybe in some places, it is legal, we just know it exists.
If you thought Dogecoin was the only virtual currency or token that references a meme you are wrong.
ApeCoin is taking it by storm in recent weeks, with unprecedented growth and popularity that has attracted the interest of famous international figures, such as Madonna herself. This is perhaps a good time to buy ApeCoin.
To acquire cryptocurrencies there are multiple options. Here is a link in case you are interested in how to buy ApeCoin.
Let’s talk a bit more about cryptocurrencies
There are thousands of different digital currencies. We review some of the strangest cryptocurrencies in the world. Don’t miss it.
The evolution of digital technologies has stood out in the last decade for driving advances and changes at a speed never seen in any other known field.
In recent years, there has even been talking of a possible future world currency, exclusively digital, that would forever change the way the current market works. So far we do not know if this prediction will come true, but what we do know for sure is that cryptocurrencies are here to stay.
Many economists have downplayed and joked about the power of digital currencies, others have even classified them as an instrument for committing frauds that would be impossible to amend.
In any case, cryptocurrencies, especially the most recognized one, Bitcoin, have demonstrated solidity and reliability as far as security is concerned.
What are cryptocurrencies?
Cryptocurrencies, digital coins or digital currencies, represent a specific and variable amount of money in electronic form only.
These currencies are not printed by a bank or a nation, but there is a specific amount in circulation that will determine their value.
In other words, the more a cryptocurrency circulates, the more accessible it will be to buy and, otherwise, the more expensive it will be to acquire.
We have already mentioned Bitcoin: it may be the most famous, but there are thousands of other digital currencies.
What are cryptocurrencies for?
Moreover, the question of the value and security of these new currencies are not the only positive aspects to take into account.
Cryptocurrencies are used to make instant transfers, have no intermediaries and do not charge taxes. It is necessary to clarify that their use is not yet regulated in many places, which may be good news for you. It all depends on how you see this issue.
Trading cryptocurrencies can be quite a risky experience, but also, if you do it right, a very satisfying one.
The volatility of digital currencies requires their owners or prospective owners to know carefully when to sell or buy. Still, every day we hear more and more about these digital currencies and more people investing in them.
What does it take to trade cryptocurrencies? Very simple: just an Internet connection, a computer or cell phone with its specific application and, finally, money to start investing.
With this accessibility and with more than 200 million active users, it is no wonder that several experts consider cryptocurrencies as the currency of the near future.
Ultimately, investing in cryptocurrencies depends on one’s taste, economic and financial knowledge.