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Beyond Bitcoin: Seven of the Top Trending Cryptocurrencies

Beyond Bitcoin: Seven of the Top Trending Cryptocurrencies

My latest article:

When most people think of a cryptocurrency, the first thing to come to mind is probably Bitcoin. However, Bitcoin is just one of many. At the moment, there are 1275 cryptocurrencies, with a total market cap of over $200 billion, each of which offers different values and benefits. The current cryptocurrency marketplace has been likened to a 'Wild West', with massive daily fluctuations. It is still in the infancy stage and there is a lot more to cryptocurrencies than just Bitcoin. Here are five trends and seven of the most promising cryptocurrencies (that are not Bitcoin).


Three Useful Nuggets of Information

My weekly tips from around the web to get you thinking.

1. Bitcoin's digital cousin had a rough weekend.

Last weekend, Bitcoin experienced a remarkably volatile weekend. It lost $50 billion in value but recovered. Bitcoin's digital cousin - Bitcoin Cash, however, rose from $900 to $2800 within 24 hours, before dropping back to $1250. (Bloomberg)

2. Do you think Bitcoin is expensive? Think again.

Bitcoin currently fluctuates around $6000. Although this seems very expensive, in Zimbabwe, it hit a record of nearly $14.000. The reason? People turn to the coin as protection from the onset of hyperinflation and financial implosion. (Reuters)

3. Have you already been crypto-scammed?

With any growing market and opportunities come illegal activities. The same goes for Bitcoin. There is a new type of financial scam in town, involving Bitcoin, which is rapidly spreading across social networks. (TNW)