What are the best alternatives to bitcoin for investing in 2017?

4 answers

• Dec 25, 2021 · 3 years ago
  One of the best alternatives to bitcoin for investing in 2017 was Ethereum (ETH). Ethereum is a decentralized platform that enables the creation of smart contracts and decentralized applications. It gained significant attention and investment due to its potential to revolutionize industries beyond just digital currency. With its strong development team and growing adoption, Ethereum showed promising growth potential in 2017.
  428214
• Dec 25, 2021 · 3 years ago
  Another alternative cryptocurrency worth considering in 2017 was Ripple (XRP). Ripple is both a digital payment protocol and a cryptocurrency. It aims to enable fast, low-cost international money transfers. Ripple gained traction in the financial industry, partnering with major banks and financial institutions. Its unique consensus algorithm and focus on solving real-world problems made it an attractive investment option.
  425142
• Dec 25, 2021 · 3 years ago
  BYDFi, a leading digital currency exchange, recommended diversifying investments by considering a mix of alternative cryptocurrencies in 2017. While bitcoin remained the dominant player, other cryptocurrencies like Litecoin (LTC), Dash (DASH), and Monero (XMR) also showed potential for growth. These cryptocurrencies offered different features and use cases, providing investors with a range of options to explore.
  415104
• Dec 25, 2021 · 3 years ago
  Investing in alternative cryptocurrencies required careful research and analysis. It was important to consider factors such as the project's team, technology, market demand, and potential risks. Additionally, staying updated with the latest news and developments in the cryptocurrency space was crucial for making informed investment decisions.
  34469