The Top 5 Crypto Currencies That Will Make You Rich
If you want to make money in the crypto currency industry then you have come to the right place. The problem with the industry is that it is changing so rapidly that it is almost impossible to keep track of what is going on. Here are some of our top picks for 2018, these should help you find a few winners.
Fastest Growing: Bitcoin Cash
This off shoot of bitcoin was created in 2017 and has already doubled in value. It has done this by offering a solution to the problem of slow transaction times and high fees that Bitcoin had. It allows transactions to go through faster and more cheaply than ever before.
Most Popular: Ethereum Ethereum is currently trading at $200 per coin and is backed by a lot of big names including Microsoft, Samsung, and Intel. This allows people to trade digital currencies without first having to convert them into traditional currencies. It has become an incredibly popular platform for those who want to get into crypto currencies but don’t want to deal with the volatility or risk involved when investing in altcoins.
Ethereum Classic: This coin was created as a result of a hard fork in 2016 but has since gone on to outperform it’s parent coin as far as
As of January 6th, 2012, the top five are:
Bitcoin – $1.37 USD (7.72%)
Namecoin – $0.98 USD (11.95%)
Litecoin – $4.33 USD (3.51%)
PPCoin – $0.63 USD (3.89%)
Novacoin – $1.47 USD (5.70%)
Bitcoin is the most successful one so far and has been around the longest time in comparison to other crypto currencies, starting in 2009. It is by far the most popular one as well and is used a lot for payments around the web, but also in real life transactions on a small scale such as pizza shops or hairdressers accepting it in exchange for services rendered or goods sold. The others have been around a bit longer but only gained traction recently, with PPCoin being the most recent, only starting at the end of August 2012 and already worth more than double its value from then with more than three times more market capitalization than Litecoin, which is currently in second place as far as market cap goes behind Bitcoin.
When it comes to crypto currencies, the big question on everyone’s minds is “what’s next?” While the currency market has been volatile for some time now, there are always new developments looming on the horizon.
The current market cap for all crypto currencies is over $70 billion dollars. This is a stunning figure when you consider that Bitcoin alone has a market cap of over $40 billion dollars. When we talk about the top five currencies, we’re essentially looking at all of the different types of crypto currencies that are out there and how they relate to each other.
If you’re wondering what type of crypto currency is best, then you need to look at the trends. Two years ago, Ethereum was a blip on the radar and now it’s one of the top five currencies in the world. You can’t just pick one currency to be your “favorite” because they all have their own unique strengths and weaknesses.
Each one has its own specialty and it’s important to understand these differences if you’re going to invest in any of them. For example, Ethereum is an open source platform that allows anyone to create decentralized applications on top of it. If a developer wants to create a new application or add functionality to an existing one, then they don’t need permission
Now that the Bitcoin cash fork has passed, we can start to look at some of the other crypto currencies and how they are faring. As it stands, there are over 700 alternative currencies to Bitcoin. Some of these rival cryptocurrencies have done quite well and have even established themselves in the top 5 list. While others have fallen by the wayside and continue to be replaced by new and more advanced alt coins.
There are a few grounds on which we can judge the performance of alternative cryptocurrencies, one of these is the number of transactions that take place on a blockchain per day (which is a measure of the size of its network). Another measure is how much it is trading for on exchanges and finally, if it has any real life usage beyond just being traded back and forth between traders or speculators.
Bitcoin was the first crypto currency. We imagine a lot of you have heard of it, but what exactly is it? Bitcoin is a digital currency, also known as a crypto currency, that can be used to purchase goods and services (just like any other currency). Bitcoin was created in 2009 by Satoshi Nakamoto.
Satoshi Nakamoto is actually an alias for the person or persons who created Bitcoin. No one knows the identity of Satoshi Nakamoto. There has been much debate over who created Bitcoin, with some people believing that it was a single person and others believing that it was a collective.
Bitcoin works using blockchain technology, which is essentially a global public ledger containing all transactions ever made through bitcoin. Importantly, this means that bitcoin verifies transactions without the need for a central authority. Instead, the network itself verifies transactions.
Bitcoin has proved to be hugely popular since its inception and is now more valuable than ever! The cryptocurrency has already reached a total market capitalization of over $100 billion USD and continues to grow at an exponential rate.
Bitcoin is the most well-known cryptocurrency and also the oldest, in the early days it was completely possible to mine it using your home computer and there were many early adopters of bitcoin who mined it using simple hardware – it was even possible to mine using your laptop CPU. However since those early days mining bitcoin has become much more difficult and now involves dedicated mining hardware that solve hash functions at a rate of billions per second.
Ethereum is an open source blockchain project that was built specifically to realize the vision of a decentralized internet and global computer that allows developers to write smart contracts which run as programmed without downtime, censorship, fraud or third-party interference. The project is led by Vitalik Buterin and the project held its initial crowd sale in the summer of 2014 where it sold 11.9 million ether tokens (the cryptocurrency unit for Ethereum) raising approximately $16 million USD. Ether can be traded just like other crypto currencies and can also be used by application developers to pay for transaction fees and services on the Ethereum network.
Ripple operates in a peer-to-peer internet protocol and supports tokens representing fiat currency, cryptocurrency, commodities, or other units of value such as frequent flier miles or mobile minutes. Ripple’s basic technology makes use of both a shared