Get in on these three cryptocurrency trends before the Bitcoin ETF launches
Bitcoin: It's like a finite amount of digital gold.
Ethereum: With more people using blockchain technology, Ethereum's value—which supports the Web3 ecosystem—could grow.
Litecoin: Litecoin has traditionally had more pronounced price fluctuations than Bitcoin, making it a speedier "sibling" currency.
Bitcoin
In terms of cryptocurrency portfolios, Bitcoin is now the clear frontrunner. It may launch the next big bull run in 2024 since it has many big catalysts coming up at the same time. Bitcoin (BTC) has inherent scarcity and a limited quantity similar to that of digital gold, which no other cryptocurrency possesses. The total supply of Bitcoin will be strictly limited at 21,000,000.
Bitcoin does, of course, have its drawbacks. When compared to newer cryptocurrencies, the network's payment efficiency is lacking and it's fairly sluggish. Because of the backlog, processing times for transactions often exceed an hour, and fees are steep.
Ethereum
Ethereum isn't exactly Bitcoin, but it has been a fantastic long-term investment nevertheless.
When it comes to Web 3.0 and smart contracts, Ethereum reigns supreme as the second biggest cryptocurrency by market cap. Through its Ethereum Virtual Machine (EVM), it enables decentralized applications and services to operate on its network. Bitcoin, on the other hand, has very limited capabilities when it comes to security. Right out of the box, it only allows P2P payments.
Litecoin
One way to look at Litecoin is as a smaller, riskier, and perhaps more lucrative brother to Bitcoin. A fork of Bitcoin with reduced fees and certain improvements, Litecoin is one of the first and longest running cryptocurrency projects. Though its limit is 84 million LTC rather than 21 million BTC, it functions similarly. Its code is almost completely same.
So, the price of Litecoin is highly correlated with the price of Bitcoin.
