There’s no best stock to put your money on, and the same holds true with cryptocurrency. But if you’re looking to take some altcoins for a test drive regardless, check out these expert picks.
The second-most valuable digital currency isn’t without its issues, but Chris Kline is still a firm believer. The co-founder and COO of BitcoinIRA.com, the world’s first company allowing customers to purchase digital currencies for their IRA and 401(k) retirement accounts, regularly invests in Ethereum. “It’s good because its high-level language allows developers to create their own smart contracts on distributed autonomous networks.”
Ripple, says Kline, “espouses the goal of creating a financial transaction system free of restrictions, fees and processing delays that are commonly associated with traditional banks. Unlike Bitcoin, Ripple was designed to support the financial system worldwide.” Major banks and financial institutions are already using Ripple to make cross-bank and cross-border transactions with greater efficiency and security.
“Litecoin is often described as the silver to Bitcoin’s gold,” he remarks. Created by an ex-Google employee to make transactions faster, Litecoin “takes 2.5 minutes as opposed to 10.” It can also handle a higher volume of transactions and has a higher maximum supply than Bitcoin, at 84 million. “More coins equals more room for investors,” says Kline.
To read the full article, click HERE.