Now you might be wondering, what are Altcoins? And why do Altcoins exist? These are quite often researched and asked answers that many people have done a lot of time researching, the reason why is actually quite simple, because altcoins are now skyrocketing in value as time goes along considering how popular they are becoming as time goes along, bitcoin although suffering from a major price depression in the past months has still gone up vis-a-vis its 2015 level by some estimates over 1000%. Because of this, Altcoins are becoming more popular and they will increasingly skyrocket in value over time.
Altcoins have become more popular because of the advent of Bitcoin, Bitcoin technology has not only made it much easier to perform anonymous, silent and private transactions but has also made a large bubble in terms of pricing. Bitcoin’s value eventually caught the eyes of other investors who then made concerted efforts to produce Bitcoin analogs like Ethereum, Litecoin and ZCash. These sorts of bitcoin analogs are eventually becoming known as Altcoins. Altcoins are becoming more popular as time goes along vis-a-vis bitcoin and it should be expected that Altcoins surpass the valuation of bitcoin by 2020 when some analysts predict that their market caps will reach bitcoin levels or more.
That is why it is wise to start to buy alt coins now, before they start to reach stratospheric prices, alt coins are not only going to skyrocket in value but having the experience can make you a better investor in things like Cryptocurrencies overall. When in the future a large amount of the financial world is in cryptocurrencies, expect your knowledge of cryptocurrencies to become extremely useful and practical. For this reason, altcoins are not only recommended but should be used wisely.