Why Should you Invest in Altcoins?
You would want to invest in an altcoin for the same reason that you would in a Bitcoin or any other commodity, in the hopes that the value of the product will increase over time and allow you to sell it at a higher price than you originally purchased it.
The altcoin market essentially functions in the exact same manner as a Bitcoin market. The prices of individual altcoins go up and down over time, and you can purchase or sell your altcoins at any point in time that you wish.
As for why you should invest your money in altcoins, and not in say Bitcoins or any other commodity, is that since there are over five thousand different altcoins, there are a lot of diverse investment opportunities with many individual altcoins even experiencing growth rates in value much higher than Bitcoin.
So, while there is no specific advantage in purchasing, say Litecoin instead of Bitcoin, it can still be a great investment if you choose an altcoin that shows steady trends of market growth and has a competitive advantage that signifies why it is likely to grow in the near future.
One possible benefit of altcoins though, is that the sheer number of them will allow you to spread the risk of your investment over a very wide base which will help you to reduce the chances of a loss.
You also don’t need to invest a cent in crypto coins. If you have a gaming PC with a decent graphics card you can mine Ethereum and withdraw to Dogecoin or you could even mine Ethereum for free using a cloud server. We have compiled a list of the best Nvidia gaming graphics cards for mining Ethereum, chances are, if you have a gaming PC you will already have one of these GPUs installed.
What Altcoins will be Covered?
We intend to address and provide brief overviews of ten of the most popularly used altcoins in the world. These altcoins have been selected on the basis of their growth as well as the fact that they have all been ranked as very valuable investment opportunities. These altcoins range from some of the fastest-growing altcoins to those that have the most potential for growth or have interesting unique features and aspects that make them worth looking into.
The following list has not been compiled to any specific arrangement, but it will provide a brief elaboration of each individual altcoin, highlight their key distinguishing features and explain to you why you may be interested in investing in them.
It is hoped that through the completion of this exercise, you will emerge a much more informed consumer who will be able to make better decisions with regard to their investment decisions in crypto.