Bitcoin and other cryptocurrencies reached unprecedented values in recent months. The beginning of this year saw investors swarming in on alternative currencies, raising their values massively in the process. Months of global economic instability persist in adding greater risks to many traditional investment options. With numerous countries reforming themselves financially, Britain leaving the EU, growing issues in the Middle East, U.S. elections and more, 2016 proved to be a year filled with economic and currency uncertainties. Investments that are stable, rising and more promising quickly came into focus leading into 2017.
Looking at Bitcoin alone, the currency recently reached its all-time high during the last few weeks. The first quarter of 2017 had Bitcoin surpass $1,300. It is the cryptocurrency’s greatest height since its first block was mined. Currencies similar to Bitcoin have grown in value too. This article highlights the best early 2017 alt-currency performers and results.
Monero over Bitcoin
In a few ways Monero is district from Bitcoin. Its CryptoNote protocol requires ring signatures and secures complete anonymity. The cryptocurrency is undergoing huge gains this year and stands out as a promising commodity.
Several weeks ago Monero soared to new heights and went over twice its value. The second half of March saw Monero come over $25, an all time high for the currency as well. Monero’s gains are partly fueled by world economic issues. It is also gaining recognition from reputable dark web marketplaces.
A leading deep web marketplace, AlphaBay added Monero as a payment option in late 2016. Another, Oasis recently did the same. More market places are expected to follow suit as a Monero becomes a preferred transaction tool.
Another cryptocurrency to consider is Ethereum. Analyst reviews cite the currency as undervalued, pegged to do better than Bitcoin by others. The weeks building up to April had Ethereum go up more than 300 percent. It too reached an all-time high $54. Ethereum is a dark web market favorite beside Bitcoin and sees growing usage even on traditional websites. The integrity of each transaction is backed by the currency’s smart contract function. Ethreum is expected to climb considerably before the year is up.
Dash is a very popular player as far as cryptocurrencies go. By market capitalization, this alternative currency is the third largest out there. 2017 began will investors pilling up on Dash’s transaction market. At the peak of this bullish trend, DASH stood at an all-time high of around $116.
This cryptocurrency was the second major altcoin noticed after Bitcoin took off. Darknet marketplaces recognize its value and it is poised to go beyond $200 this year.
Dash is the cryptocurrency with the most anonymous usage. Like Monero, transactions with DASH ensure privacy with PrivateSend, a unique coin mixing services.