Bitcoin has hit a new record rising to nearly $ 20,000 and trying investors around the world crazy. However, specialists recommend paying attention to other cryptocurrencies whose increase is even more promising.
The cost of bitcoin It passed the $ 19,000 mark on November 24 for the first time since December 2017, rising to $ 19,860. But while bitcoin soared A 15% In the last week, the Ethereum, The second largest cryptocurrency, has risen More than 20% In the last seven days.
The third largest cryptocurrency, XRP, Has grown even more, Almost 25%. Litecoin, Polcadot, Cardano J. Stellar They also posted higher gains than Bitcoin.
“Part of what’s happening is simple math. The smaller coins They can have movements [porcentuales] Greater And there are still many currencies in which people can invest, “said Greg King, CEO of Osprey Funds, a company that invests in digital currencies.
The specialists are the smaller cryptocurrencies that pushed Bitcoin to a new high. Bitcoin itself has benefited from a weak dollar and expectations that a prolonged period of highly low interest rates will ultimately lead to inflation.
In terms of value, bitcoin is still significantly larger than other cryptocurrencies. By December 3, all Bitcoins In circulation are estimated to approximately $ 360 billion. In comparison, the accumulated value of Ethereum Is just above the $ 70 billion. All these XRP Are valued at approximately 30 billion, While the value of Litecoin is less than 6 billion.
“It makes sense for investors to have a long-term portfolio of bitcoins and ethereums and have a basket of some of the others. [criptomonedas] To negotiate, “King advised, quoted by CNN.