Though most people are at least vaguely familiar with Bitcoin, it’s far from the only cryptocurrency that exists. Bitcoin is the original — it was a novel, groundbreaking idea that got a lot of exposure in the media and through pop culture. It introduced people to the concept of cryptocurrency, and even if they don’t completely understand how it works, they know it’s worth a lot of money.

 

Bitcoin overshadows other types of cryptocurrency that are also immensely valuable. Even if they aren’t fetching the same price tag that Bitcoin fetches, other cryptocurrencies and their values warrant your attention.

Trends and Popularity

 

Since Bitcoin was the first form of cryptocurrency most people ever heard of, it drew the most investors. Most of those investors are people who didn’t have any real investing experience, but they gamed the system to profit on the Bitcoin boom.

Since Bitcoin was the initial trend that garnered all the popularity, other coins were only explored by more serious investors who wanted to diversify (invest in a wider range) their cryptocurrency portfolios. When you invest in other cryptocurrencies, you’re making a wise financial move.

 

The Stability of Lesser Known Coins

Besides Bitcoin, there are two major players in the game. Ethereum and Litecoin are both similar cryptocurrencies that hold reasonably high values. Typically, Ethereum sits somewhere in the low hundreds while Litecoin sits below a hundred. This makes buying a whole coin (rather than just a piece of a coin) a feasible option for many people who don’t have thousands of dollars on hand for a Bitcoin.

Despite how accessible these coins are in price, they didn’t get the same media attention. Only serious investors were drawn to them, and that’s why they’re so stable. Their investors are people who are looking to make slow, steady money the same way they would in the stock market. This means that cryptocurrencies like Ethereum and Litecoin are more likely to hold stable and predictable values.

 

Should I Invest in Bitcoin or Another Coin?

People who invest in Bitcoin are comfortable with the frequent fluctuations in its value. They know when to buy and they know when to sell. If you want to invest in a cryptocurrency and watch your money slowly grow without any dramatic nosedives, choice a lesser known cryptocurrency.