Three new cryptocurrencies have been added to Bloomberg, and Bitcoin is no longer the star of the show.
As of December 18, 2017, the price of bitcoin is $18,925, an amount that leads new investors to believe they’ve missed the bus.
As a result, a large number of people have shifted their attention to different cryptocurrencies, also known as alternative currencies or altcoins, in search of the next best thing and a high return on investment.
Three cryptocurrencies that stand out in the market are Ethereum, Litecoin, and Ripple – all having been pegged to rise significantly in 2018. Bloomberg has marked this belief with their addition to the terminal, a move which, in itself, has caused an increase in the price of these digital currencies.
Although all operating within the same category, Bitcoin, Ethereum, Litecoin and Ripple are vastly different. Each one has its own applications and is based on its own technology.
Starting out as the first cryptocurrency in 2009, Bitcoin was…