The cryptocurrency market often faces criticism by the media due to its volatility. This is why when it comes to crypto, we see headlines such as “Bitcoin Tanks 12 Percent Over Four Days” and “Crypto Market Plunges, Bitcoin Crashing Below $10,000” almost every day.
However, the cryptocurrency market is not only about Bitcoin. In fact, there are more than 1,800 cryptocurrencies for you to choose from. Some of these coins are worth just a few pennies (and some even less than a penny), while others can be worth thousands of dollars.
If you’re interested in getting into crypto trading but feel intimidated by the complexity of the market, you’ve come to the right place. Here are 10 of the most popular cryptocurrencies that might be worth looking into – as well as how they compare to Bitcoin:
Cryptocurrency has taken the world by storm. All over the world there are people mining for Bitcoins, Doge coins, and various other forms of currency. They’re starting to carry some real value in the real world and some places even accept cryptocurrency as payment for goods and services. In this roundup, we’ll look at the best cryptocurrency apps for Android. Please note, none of these apps should be used as a wallet. You should always keep your coins in an offline wallet on a different device.
Blockfolio Price: Free
Blockfolio is a financial app aimed at cryptocurrency users. It supports over 100 cryptocurrencies (including Bitcoin). The app provides you with all the information you need to stay on top of things. You can set alerts in case something happens in the market. You can track your portfolio, see how your coins are doing individually, and adjust your portfolio as needed. It also allows you to sync with popular exchanges like Binance, Bittrex, Poloniex, GDAX, KuCoin, Kraken, and more. That makes it easy to manage everything in one place instead of checking lots of different exchanges all the time. The only downside is that it doesn’t support a ton of exchanges compared to its competitors
1. Bitcoin (BTC)
Topping the list of the most popular cryptocurrencies is Bitcoin. It was launched in 2009 by Satoshi Nakamoto, and it remains to be the largest cryptocurrency in terms of market capitalization and value. The digital currency uses a peer-to-peer technology system, which means that transactions are done directly between users without any intermediary financial institution.
2. Ethereum (ETH)
Another popular name in the world of cryptocurrencies is Ethereum, which is sometimes also called Ether or ETH. This cryptocurrency was launched in 2015 as a project by Vitalik Buterin, who was then 19 years old. Now, it is one of the most traded digital currencies in the world today, with an average daily volume of approximately $3 billion. Ethereum offers a blockchain platform that allows developers to build and deploy decentralized applications (dapps).
3. Ripple (XRP)
Launched in 2012, Ripple is one of the oldest cryptocurrencies on this list and is currently the third largest coin based on market capitalization after Bitcoin and Ethereum. One interesting thing about Ripple is that it’s not exactly a blockchain-based cryptocurrency. Instead, it uses a unique distributed consensus mechanism through a network of servers that constantly compare transaction records. Despite being backed by many big
Cryptocurrency is the hot new trend in the world of financial technology. While Bitcoin was the first cryptocurrency to be created and has been around for almost a decade, there are now several other players on the cryptocurrency market that have garnered significant attention from investors. Some of the biggest cryptocurrencies on the market include Ethereum, Litecoin, Ripple, Lisk, and Dogecoin. If you’re looking to get into cryptocurrency or want to know what all this “blockchain” talk is about, here’s a list of the top ten cryptocurrencies to get you started.
Bitcoin was the first cryptocurrency to be created and is still one of the most popular. The currency is known for its volatility in value as well as its relatively slow transaction speeds compared to other currencies like Ethereum.
Ethereum is currently one of the most popular and widely used cryptocurrencies on the market with a current market cap of $29 billion USD. The currency was created by Vitalik Buterin and launched in 2015.
Litecoin was released in 2011 by Charlie Lee and has gained popularity due to its fast processing speeds and lower transaction fees than other currencies.
Ripple is one of the
The cryptocurrency market is a very complex and diversified one, with many different coins and tokens to choose from.
But how can a new trader or investor find their way around the multitude of currencies available?
That’s why we are bringing you the top 10 cryptocurrencies according to market cap in 2018.
So let’s start with number 1:
1. Bitcoin (BTC) & Bitcoin Cash (BCH)
Bitcoin is the first and most well-known cryptocurrency. As of now, it has the largest market cap at $108 billion USD. It has a daily transaction value of $3 billion USD and is currently trading at $6,142 USD per coin.
The most famous crypto story is about an anonymous person (or persons) with the alias Satoshi Nakamoto who mined the first Bitcoin in 2009. Today, mining is still heavily involved in the Bitcoin ecosystem and is done by high-powered computers that solve complex mathematical problems called ‘blocks’ that add transactions to the blockchain – a public ledger which holds all confirmed transactions since its inception.
Bitcoin has been criticised over its slow transaction times; it takes 10 minutes to process a single transaction block. With this in mind, a group of developers decided to create a hard fork of Bitcoin
Cryptocurrency is starting to become a big deal and people are taking is seriously. In this blog, I want to cover the top 10 cryptocurrencies and give my thoughts on them.
Bitcoin: The granddaddy of all cryptocurrency is Bitcoin. This is the one that started it all and made blockchain technology a hot topic.
Ethereum: A decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.
Ripple: Ripple connects banks, payment providers, digital asset exchanges and corporates via RippleNet to provide one frictionless experience to send money globally.
Litecoin: It is designed to be faster than Bitcoin. Litecoin can produce blocks for its blockchain much quicker than Bitcoin. Also, Litecoin attracts many users, as it can produce 4 times the quantity of Bitcoin! However, as Litecoin uses highly complex cryptography, often mining it is more complicated than other cryptocurrencies.
Monero: Monero aims to be private, secure and untraceable cryptocurrency. It obfuscates the sender, recipient and value of every transaction made by implementing a number of encryption techniques like Ring Signatures and Invisible Addresses (which hide sender address), RingCT (which hides the amount transacted)
The cryptocurrency market is booming, and there are no signs that the trend is going to end anytime soon. However, this is a very volatile market where the price of each currency can slide dramatically in one day. With cryptocurrencies like Bitcoin, Ethereum, Ripple, and others making headlines, it’s easy to miss out on other cryptocurrencies that might be worth investing in.
Consequently, we have created a list of ten cryptocurrencies you should get to know before deciding which ones to invest in:
1. Cardano (ADA)