From Bitcoin to Dash, Ethereum and Ripple, the top ten cryptocurrencies by market cap have made their way into the global lexicon.
Whether you are a cryptocurrency enthusiast, a blockchain believer or just a casual observer of the markets, you’ve probably heard about the rise of digital currencies.
Many experts believe that digital currencies will drive the next wave of technological disruption. The current total value of all cryptocurrencies is approximately $100 billion and growing.
As a result of this recent growth, many people are looking to learn more about this exciting new financial technology. In response to this need, several leading publications have published guides and beginner articles on the subject.
This article is an attempt to simplify this information by providing an ultimate guide to the top 10 digital currencies in 2017.
We’ll look at each currency’s price history, project scope and goals in an effort to help you make your own investing decisions.
The cryptocurrency world is a scary, yet exciting place. With so many different currencies available and the price of each one fluctuating almost constantly, it can be hard to know what to do when getting started. You’d be forgiven for thinking that all this is just too much to take in and that you should leave it to the ‘experts’.
Well, we’re here to tell you that this isn’t the case. We understand that it is daunting at first, but with some help and a little research, you will soon be up and running. In this article we are going to look at the top 10 cryptocurrencies of 2017 and give you some more information on each of them. We will also guide you through how they work, how they are bought and what factors affect their prices.
The top 10 cryptocurrencies by market capitalisation
We are going to start by looking at the top 10 digital currencies by market capitalisation (total value). We have taken data directly from Coinmarketcap and we have included the price for 1 BTC for each currency. Please note that these figures are subject to change due to the volatile nature of cryptocurrencies. The prices shown were correct as of 1st April 2017.
The Top 10 Cryptocurrencies
Digital currencies are the future of financial transactions. Every finance related business will be using them several years from now. They are easier to use, secure and much faster than conventional currencies.
Digital currencies have been in the market since 2009, but it is only recently that they are gaining popularity. With the world switching to a cashless mode of transactions, digital currencies are poised to become the default medium of exchange in a few years from now.
In this article, we will analyze and compare the top 10 cryptocurrencies of 2017: their performance during the first half of the year; their market capitalization; trading volumes and much more. You can also download our free cryptocurrency investment strategy guide which will help you make better investment decisions.
It is important to note that many digital currency experts still view bitcoin as a benchmark when it comes to evaluating other individual cryptocurrencies. This is because bitcoin has been around since 2009 and has managed to remain relevant despite several security challenges from others such as Ethereum and Ripple.
Digital Currency List
There are many different digital currencies available for trading in the cryptocurrency market. The most popular digital currency is bitcoin, which operates on the blockchain distributed ledger platform. There are many other digital currencies that operate on other platforms.
Here is a list of top ten cryptocurrencies and the platforms on which they operate:
Bitcoin (BTC): This is the most traded cryptocurrency in the market. Bitcoin is a peer-to-peer electronic cash system that allows for instant payments to anyone in the world without the need of an intermediary such as a bank or payment processor. Bitcoin uses blockchain technology to record transactions that are stored on computers around the world and can be verified by anyone using the software. This makes it nearly impossible to duplicate or counterfeit because every transaction is recorded by multiple computers around the world, creating a public ledger called the blockchain.
Ethereum (ETH): Ethereum is an open source decentralized platform that runs smart contracts (applications that run exactly as programmed without any possibility of downtime, censorship or third party interference) and applications built on it. Smart contracts operate under a set of conditions that users agree to which can be virtually anything from financial transactions to legal agreements and processing insurance claims. The Ethereum platform has its own cryptocurrency called ether which enables users to pay for
The world of cryptocurrency is increasingly attracting more and more people who become attracted to the idea of decentralizing currency. The year 2017 has been a roller coaster ride for the world of cryptocurrency, with Bitcoin dominating the scene for most of the year and ending at an all-time high value. Other cryptocurrencies have also gained popularity, with Ethereum, Ripple and Litecoin all being in the top 10 by market capitalization.
Below is a list of the top ten cryptocurrencies and a few details about each one to help you decide which ones may be worth taking a closer look at.
1. Bitcoin (BTC)
Bitcoin is currently (January 6th, 2018) the largest blockchain network, followed by Ripple, Ethereum and Tether. According to https://coinmarketcap.com/, that analysis tools that give you accurate Bitcoin prices and market information.
It takes 10 minutes on average to confirm your transaction with a mining fee that averages $0.04 USD per transaction; however, it can vary depending on how busy the network is.
The maximum supply of bitcoin is limited to 21 million coins. Currently, over 16 million coins have been mined; this leaves less than 5 million coins left to be introduced into circulation.
2. Ethereum (ETH)