Bitcoin analogues
07.06.2019
Today, experts are talking not only about bitcoin, but also about its well-known analogues. The first analogue is bitcoin cash. The developers of this currency planned everything well and successfully put it into circulation. The cost of its course is growing, but experts recommend paying attention to the fact that bitcoin cash is not yet well promoted and therefore its cost is at a low level.
The second analogue is bitcoin gold. When it was first launched, there was a high demand around it. But recently, demand has fallen, and you should think carefully before investing in it. Although analysts say that this currency has good potential in the future.
Experts say that today is the best time to buy bitcoin analogues, as they are expected to grow strongly. It is best to divide your funds and make a deposit not in one currency, but in several at once, this will reduce the risk of losing all investments due to a depreciation.
Recall: Types of cryptocurrencies and their purpose
Course dynamics
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When it comes to stability in the world of cryptocurrencies, it’s impossible not to think of Tether, whose token USDT is pegged to the US dollar. After all, Tether stands out among other cryptocurrencies with its unique feature: its price is inseparably linked to fiat currencies such as the US dollar or the euro.
USDT, often dubbed as the gold standard of stablecoins, remains a stalwart in the volatile realm of cryptocurrencies. Tethered to the value of the US dollar at a 1:1 ratio, USDT boasts a digital fortress backed by equivalent dollar reserves for every single unit in circulation. Unlike its volatile counterparts, USDT, along with its ilk, endeavors to maintain an unwavering value, rendering them indispensable for both trading and storing wealth.