Aside the obvious recent twitter fad by John McAfee:
1. These actually have a purpose
There are more than hundreds of alt coins which hold no actual purpose and the market is getting overflooded with these. Just a marketing gimmick.
2. It’s in sync with Bitcoin’s original values when it was created
A truly decentralized system that can’t be regulated by governments, which ironically is being done to Bitcoin and Ripple right now.
That’s right. Short, two reasons and that’s all you need. So the question floats…
Which privacy coins to invest in?
Honestly, all the following are sound investments for longer holds:
- NAV coin
Privacy coins that haven’t spiked, yet aka the most underrated and overlooked coins currently
You can follow the trends yourself and it’s not hard to see these hold well even when rest of the market is crashing.