Unlike many of the other cryptocurrencies that are based on Bitcoin, Monero was developed using the less transparent Immediate Edge CryptoNote protocol. Its opacity and open-source model, however, have counted against it, as consumers are wary that it can be used to cloak the activities of fraudsters and hackers. Bitcoin was the first cryptocurrency to be traded and today remains the most commonly used. With a market cap of around $180 billion, Bitcoin stands
head and shoulders above any other cryptocurrency and is considered the gold standard for this industry.
They also offer many cryptocurrencies not available elsewhere, without the need of a virtual wallet. It’s difficult to say which is the better option of the two investment strategies. It all depends on your goals and experience in the cryptocurrency market. While cryptocurrencies like Bitcoin and Ethereum can also be traded in the short-term, you should think about investing in the newer cryptocurrencies. Investors have made huge profits in the past with short-term investments - including some of the major, but newest cryptocurrency investments like NEO, Stellar, IOTA, and NEM.