Excerpt from: investopedia.com/tech/6-most-important-cryptocurrencies-other-bitcoin
"Bitcoin has not just been a trendsetter, ushering in a wave of cryptocurrencies built on decentralized peer-to-peer network, it’s become the de facto standard for cryptocurrencies. The currencies inspired by Bitcoin are collectively called altcoins and have tried to present themselves as modified or improved versions of Bitcoin. While some of these currencies are easier to mine than Bitcoin is, there are tradeoffs, including greater risk brought on by lesser liquidity, acceptance and value retention. Since Bitcoin prices are soaring new highs, we look at six cryptocurrencies, picked from over 700 (in no specific order) that could be worth your while.
Read more: The 6 Most Important Cryptocurrencies Other Than Bitcoin? | Investopedia https://www.investopedia.com/tech/6-most-important-cryptocurrencies-other-bitcoin/#ixzz4zKZCFq9S "
"Bitcoin has not just been a trendsetter, ushering in a wave of cryptocurrencies built on decentralized peer-to-peer network, it’s become the de facto standard for cryptocurrencies. The currencies inspired by Bitcoin are collectively called altcoins and have tried to present themselves as modified or improved versions of Bitcoin. While some of these currencies are easier to mine than Bitcoin is, there are tradeoffs, including greater risk brought on by lesser liquidity, acceptance and value retention. Since Bitcoin prices are soaring new highs, we look at six cryptocurrencies, picked from over 700 (in no specific order) that could be worth your while.
Read more: The 6 Most Important Cryptocurrencies Other Than Bitcoin? | Investopedia https://www.investopedia.com/tech/6-most-important-cryptocurrencies-other-bitcoin/#ixzz4zKZCFq9S "
What's so special in article? He/she simply picked other 6 coins from Top 7 according to CoinMarketCap of that time. For me only Bitcoin is important cryptocurrency, all others are merely used for trading purpose by ivestors.
Some will argue Ethereum is also very promising cryptocurrency and has more utility than Bitcoin. Then can someone explain me why it was struggling between $200-370 from last 6 months and why it suddenly rose above $450, almost near $500? Is there any sudden rise in its adoption? Absolutely not, all cryptocoins are merely players of traders' hands. Coins become important according to situations, not by specifications.
