Today we’re going to talk about the top 10 most valued cryptocurrencies and their current market cap.
Top 10 Cryptocurrencies by Market Cap:
Top 10 Cryptocurrencies by Market Cap
The following list of cryptocurrencies are being compared to Bitcoin mining to determine if a cryptocurrency is more profitable to mine than mining Bitcoin. The cryptocurrency profitability information displayed is based on a statistical calculation using the hash rate values entered and does not account for difficulty and exchange rate fluctuations, stale/reject/orphan rates, a pool’s efficiency, and pool fees. Your individual profitability may vary.
Cryptocurrency Price (USD) 24h Change 7d Change 24h Volume Market Cap Monero (XMR) $66.12 0.17% 8.47% $23,739,000 $1,062,820,000 Dash (DASH) $66.54 1.19% 11.03% $55,541,000 $556,460,000 Zcash (ZEC) $202.93 1.49% -0.37% $32,827,000 $563,200,000 Ethereum Classic (ETC) $2.40 0.65% 19.53% $1,311,240 $248,270,000 16th Feb 2018 12:08:12 UTC
Bitcoin is currently leading the charge in digital currencies. The cryptocurrency has become immensely popular, and it is the most valuable cryptocurrency by market capitalization, followed by Ethereum and Ripple.
There are thousands of altcoins — alternative cryptocurrencies to Bitcoin. However, Bitcoin continues to dominate the market with a total market cap value of over $150 billion as of January 2018.
Top 10 cryptocurrencies by Market Cap
The table below shows the top ten cryptocurrencies with their market cap and price as of January 2018. The data was collated from coinmarketcap.com
The cryptocurrency market cap is $113,296,158,407. The 24 hour trading volume is $22,062,760,766.
Cryptocurrencies are still like the Wild West. There are a lot of people out there trying to make a quick buck, and they don’t really care how they do it. They will pump up a coin with a lot of buzz just to dump it on you for a profit, and leave you with a bag of worthless coins. It’s important to be aware of these schemes so that you can avoid them.
The market cap for any given coin can fluctuate wildly from day-to-day as traders buy and sell it in the open market. The price of bitcoin has increased almost 300% this year alone! This post is meant to provide an idea of which cryptocurrencies have the best odds of becoming long term winners.
I’ve done my best to avoid including any coins in this list that I have reason to believe will fail, however, I am not perfect and may be wrong on some coins. I have also included the current market cap to help you prioritize your investments based on your own personal risk tolerance.
Bitcoin is the first cryptocurrency, a concept that was discussed in the late 90s. The first Bitcoin specification and proof of concept was published in 2009 by an unknown individual under the pseudonym Satoshi Nakamoto who revealed little about himself and left the project in late 2010. The community has since grown exponentially with many developers working on Bitcoin.
Satoshi’s anonymity often raises unjustified concerns because of a misunderstanding of Bitcoin’s open-source nature. Everyone has access to all of the source code all of the time and any developer can review or modify the software code. As such, the identity of Bitcoin’s inventor is probably as relevant today as the identity of the person who invented paper. Nobody owns the Bitcoin network much like no one owns the technology behind email or the Internet.
Unlike their predecessors, they are digital and decentralized. For the first time in history, people can exchange value without intermediaries which translates to greater control of funds and lower fees. It’s also censorship resistant, irreversible and pseudonymous.
The term “cryptocurrency” was first heard by many people when Bitcoin was introduced in 2009. Today, it is commonly used to describe a digital asset in which encryption techniques are used to regulate its use and generate its release rather than a central authority. A defining feature of