Bitcoin in turmoil?

Anyone watching the crypto market this morning will know bitcoin and ethereum have tanked against fiat currencies. This is likely caused by the issues of a delayed hard fork and rumours that the Chinese market is moving to litecoin. This makes now a great time to diverge your investments and buy up the altcoins. We’re seeing less damage happening to the little guys. So who are the players?

Litecoin (LTC)

The Chinese coin has made since great advances in the last couple of days. Looking at the market history though its done this before and really shit itself afterwards. This is essentially a bitcoin clone but with more grey areas. Personally I won’t trust a coin I can’t find a white paper for. Not the best bet to go with.

Bytecoin (BCN)

The little coin that can. Bytecoin has weathered today’s storm really well, loosing about 5% and getting back to yesterdays 80 satoshi, but over time its not made great gains compared to others and this is down to the lack of a road map for any usable tech. It’s all been currency focused and no one will use it until it gets a higher value. In saying that it’s been known to get to 100 satoshi which is a healthy 20% to make.

Digitalnote (XDN)

Saving the best for last. Another low value coin but with excellent potential. Whilst its taken a hit today its increases over the last few months show it has potential, making it a great medium to long term investment. The developers have been active this year with wallet updates and an anonymous messenger scheduled for Q4 of this year, once that’s in use the coin and miners will be in high demand. They’ve also broken the mold with an Initial Crowd funding Coin Offering, the first of its kind attempt to gather coin from miners and traders to offer to larger investors at prices that won’t cause a market explosion.

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