The growing popularity of cryptocurrencies and the spectacular rise in their price over the past year has spurred a huge amount of interest in digital currencies and attracted more and more people to invest in this market.

There are a lot of ways to earn money with cryptocurrencies. This includes making money on the difference between cryptocurrency exchange rates, investing in Initial Coin Offering (ICO), or like many others – creating their own cryptocurrencies.

According to CoinMarketCap, a website for tracking capitalization of various cryptocurrencies, hundreds of digital cryptocurrencies are in existence nowadays of which more than eighty were listed in the previous year. Moreover, more of them, new bitcoin alternatives (altcoins), are likely to keep launching in the coming years as it is not as difficult as what you might be expecting to create your own cryptocurrency – especially that dedicated cryptocurrency creation services are out there and for someone with even the basic coding skills. [Read more…]