Did you know that at this moment there are 14 coins that have the word BITCOIN in their name?
First of all there is Bitcoin (BTC) itself, the biggest name in the crypto world with a Market Cap of $100,826,389,266.
Then there are Bitcoin Cash (BCH) and Bitcoin Gold (BTG), the coins that came out of Bitcoin.
And of course then there are the Bitcoin wanna be: Bitcoin 21 (XBTC21), Bitcoin Planet (BTPL), Bitcoin Plus (XBC), Bitcoin Red (BTCRED), Bitcoin Scrypt (BTCS ???), Bitcoin Silver (BTCS ???), Bitcoin Unlimited (BTU), BitcoinCashScrypt (BCCS), BitcoinDark (BTCD), BitcoinFast (BCF), BitcoinZ (BTCZ).
All this coins together have a Market Cap of $29,461,778,630. Not even close to 50% of the Godfather of coins Bitcoin.
Of course, using the word Bitcoin in their name is a marketing strategy, trying to get the same attention as Bitcoin.
The only coins that will have an impact in this world of crypto will be Bitcoin Cash and Bitcoin Gold. At this moment (of writing) BCH is around $1750 and BTG is around $330.
All other coins are under $200, with Bitcoin Unlimited (BTU) at $150 and BitcoinDark (BTCD) at $105.
Bitcoin Cash had a 86.55% rise as we got close to the launch of Bitcoin Gold.
So. Do all this Bitcoin wanna be coins have a future in the crypto world?
Or, will they disappear as they appeared?
I just invested $50 in btcs bitcoin silver ico. I think i f#cked up. Its market cap looks terrible do you know if its sone sort of futures trading. I dont know. Woops.
Sincerely it's still early to say. On coinmarketcap was listed almost a month ago. One big question mark about this token is that we don't know who is behind Bitcoin Silver. Who's the TEAM behind it ?!?!?!?