If you missed Bitcoin, you still have other coins: you can still invest and make profits

This seems to have become a trend in the cryptocurrency investment circle: Bitcoin investors turn to other alternative coins to invest in all popular coins, such as Ethereum (ETH), Monero (XMR) and Litecoin (LTC).

With a few exceptions, Bitcoin’s price has been stable and much less volatile than other cryptocurrencies , with volatility dropping significantly in the years when its market cap reached nearly $20 billion.

However, the price of Bitcoin will change under the influence of major market rises and major industry events. For example, when industry insiders were discussing the emergency plan for hard forks, the market fell into chaos and the price of Bitcoin fell, floating around $900.

Investors often want to know exactly when Bitcoin will rise and fall. Recently, several major events have occurred in the Bitcoin industry: the Japanese government officially recognized Bitcoin as a legal means of payment, and Bic Camera, a major electronics department store, began to accept Bitcoin payments. These events have caused the price of Bitcoin to rise all the way, from the original approximately $980 to nearly $1,180.

Investors who missed out on these short-term and mid-term Bitcoin booms tend to bet on other alternative coins (like ETH, XMR, LTC), which have lived up to expectations and have consistently shown significant stability compared to the rest of the digital currencies on the market.

More importantly, as more and more corporate investors and financial institutions became interested in this new asset, the price of crypto assets (such as Ethereum ) also rose sharply. Specifically, the formation of the Enterprise Ethereum Alliance caused the market value of Ethereum to increase by about 4 times, jumping from $1 billion to more than $4 billion in two months.
The erratic behavior of Bitcoin investors and their diversified cryptocurrency portfolios explain the proportion of trading pairs in major assets such as Ethereum . The Ethereum to Bitcoin (ETH/BTC) trading pair accounts for half of Ethereum exchange transactions. Therefore, in the cryptocurrency community, more and more domestic investors are starting to buy alternative crypto assets such as ETH.
Interest is high <br/>Although the Bitcoin Dominance Index is currently at its lowest point, this low of 69.2% does not mean that people are no longer interested in cryptocurrencies . Instead, users are simply interested in other altcoins , investing in altcoins as a compensation or supplement for not being able to keep up with the Bitcoin craze.

To be precise, Ethereum represents a blockchain platform designed specifically for developers and decentralized applications. Many developers have expressed concerns about Bitcoin’s limited development framework, and although Bitcoin lacks flexibility, its high security measures and robust infrastructure can make up for this shortcoming.
Monero, Dash, and Zcash provide anonymity to cryptocurrency users, which Bitcoin does not. Litecoin is a unique currency that is very similar to Bitcoin in structure, monetary policy, and philosophy behind it.
For traders or investors who feel they missed out on the rise or recent Bitcoin craze, it would be a good idea to capitalize on the rise of altcoins such as Monero, Litecoin , Zcash , Dash, and Ethereum .