Comparing all the coins, all of them have their own pros and cons, it depends on the investor what he wants to achieve at the end of the investment that he is going to do. The most obvious choice seems to be Bitcoin with its undisputed peak at the top of all the cryptocurrencies, after that we can talk about Ethereum that has consistently maintained its top second position, Litecoin and Ripple can be talked about later with a draw. But these are the seeming and apparent position according to the market trend and the overall situation could be a lot different.
Trend to be analysed
Given the high volatility and the scalability issue of most cryptocurrencies, the specifics could differ a lot so it is advisable for investors to do their own research before deciding on their investment terms. We have to look at the past trends, the pattern of investment model, and the profits that could be substantially derived from the investment.
We also have to see the consistency of a cryptocurrency whether it is Bitcoin, Ethereum, Litecoin, or Ripple in maintaining their respective slots on the charts. These are some of the essentials that must be checked in before investing in any cryptocurrency. The cryptocurrency mania has still not reached its peak with many eager investors looking to make more of their fiat currencies by investing in virtual currencies that could be treated like virtual assets.
After Bitcoin, Ethereum has its own advantages with its model offering the benefits of a platform using the blockchain technology where a decentralized app could be created. This model is missing from the other three contenders.
Ripple was launched by the team of developers who were initially into launching Bitcoin. It offers more connections with the financial system through its backing of the many banks that govern its usage. This essentially solves the question of liquidity for the investors but also could potentially lead to price manipulations by the banks.
Litecoin also has its own advantages with its low transaction fee, faster transaction time, and no baggage of social and political stuff that the Bitcoin comparably has.
Wider portfolio could be the answer
At the end, as we started, we have to do our own research to compare just what coin suits the purpose of our investment. This is to say that all the coins have their own pros and cons. It could still be said that it would be better to have a wider portfolio with the mix of several virtual currencies to get away from the trap of putting all the eggs into one single basket. Once you make your decision, visit the best cryptocurrency exchange in India, PCEX Member to invest in your selected currency at the lowest transaction fees in the market.