Which cryptocurrency should you invest in? Litecoin, Ethereum, Ripple and other alt-coins compared

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A £1,000 Bitcoin investment made in the middle of 2013 would now be worth more than £175,000 – which is about enough to get a deposit on a modest flat in London.

But there are other ways to make a bit of money in the risky and volatile world of digital dosh and just as many ways of losing it all. People looking to replicate the success of the first Bitcoin investors are investigating ‘alt-coins’ including Ethereum, Litecoin and Ripple in the hope they can be bought cheaply now and sold for a much higher price at a later date.

Oliver Isaacs, an entrepreneur and tech investor, made early investments in all these cryptocurrencies. He told Metro.co.uk that some of these digital denominations could end up being worth more than Bitcoin.

The price for Ethereum is now at $706 after shotting up from a little over $8 at the beginning of the year. That’s a rise of nearly 8,300 percent. These two coins are likely to grow in value because they can be bought using Coinbase, which is now the most popular app on the Apple App Store. Another alt-coin has also been growing in value at an astonishing rate. Ripple shot up by 50 percent this week to become the fourth largest cryptocurrency. The financial giant Bloomberg has just begun announcing the price of Bitcoin, Ethereum, Ripple and Litecoin – which is a clear indication that investors are starting to take them seriously.