This post was originally published on this site

Bitcoin may be the most famous cryptocurrency but, despite a dizzying rise, it’s not the most lucrative one and far from alone in a universe that counts 1,400 rivals, and counting.Story continues belowDozens of crypto units see the light of day every week, as baffled financial experts look on, and while none can match Bitcoin’s $242 billion market capitalisation, several have left the media darling’s profitability in the dust.In fact, bitcoin is not even in the top 10 of the crypto world’s best performers.READ MORE: KFC Canada briefly accepts Bitcoin as payment for $20 bucket mealsTop of the heap is Ripple which posted a jaw-dropping 36,000 percent rise in 2017 and early this year broke through the $122 billion capitalisation mark, matching the value of blue-chip companies such as, say, global cosmetics giant L’Oreal.“Its value shot up when a newspaper said that around 100 financial institutions were going to adopt their system,” said Alexandre Stachtchenko, co-founder of specialist consulting group Blockchain Partners.WATCH: Consumer Matters: What is ‘cryptocurrency?’