Litecoin (LTC):Litecoin came out as the first on the list of prospective alt-coin to mine this year. On December 25, 2017, its Market Cap was $15.11 billion, and its overall performance for the year was +7,004%.Charlie Lee a former Google employee in 2011 created LTC. His goal for crafting the digital coin was to provide the services Bitcoin lacked. And as such, Litecoin is seen as the silver of Bitcoin Gold in the Crypto world. The coin promises investors a faster response to transaction confirmation. Also, unlike Bitcoin,everyone can mine.
Monero (XMR): based on its market cap on December 2017, Monero stands as another good currency to invest. The alt-coin had a market weight of $5.3 billion and an overall performance of +2,697%, which is a good count. The digital coin platform goals to provide anonymity. Just like Verge, any investor who loves to make transactions on an obfuscated ledger could do their trading with this Cryptocurrency. The digital coin does not have a currency supply limit; however, the amount on circulation at the moment is about 15.5 million.
Neo: this Cryptocurrency has been running since 2014. Its founder and co-founder, Da Hongfei and Erik Zhang created the Crypto coin to be the Ethereum of China. However, China’s reaction to ICOs and alt-coin has restricted the progress of this Crypto. Despite this setback, the founders are optimistic about its future. According to statistics gotten from Marketwatch on the overall progress of alt-coins and their Capital worth, Neo currently has a Market Cap of $3.92 billion and a +54,021% performance.
Presently, there are about 65 million coins from Neo circulating in its platform, against the 100 million created.
Cardano (Ada): for a cryptocurrency that joins the alt-coin league in October 2017, it has gotten a good overall performance at +1,528%. It once stood as top ten largest cryptocurrencies in the world base on its $10.17 billion Market Cap. However, on December 2017 it dropped to 13. IOHK (Input Output Hong Kong) are the creators of this Cryptocurrency. According to the connotation of Tung’s statement, this Crypto software is meant to be the next-generation platform that can contend with Ethereum. According to its CEO, Charles Hoskinson Ada has two phases. The first stage is what we have witnessed this past year; the second period will be online within the second half of 2018. Cardano has a total of 45 billion coins. Out of these free coins, only 26 billion is in circulation.
Ripple (XRP): according to Marketwatch.com ripple had a Market Cap of $40.5 billion last year, 2017. Also, the digital coin had an overall performance of +16.988%. The currency has seen a good climb in 2017 and many positive feedbacks from financial institutions, magazines, Newsline and other investors. Jed McCaleb, Ryan Fugger, and Chris Larsen created XRP to be a platform on which all currency can be traded in a matter of seconds. This goal aims to remove the long process and time deficiency plaguing money transfer. Through Ripple’s RippleNet, digital coins like Bitcoin and fiat currency like US dollars can be traded in a matter of seconds. Currently, Ripple has 100 billion coins as its maximum. Out of this number of coins available, 38.7 billion is what is in circulation.
Thank you for the update!