Cryptocurrencies have been in the news quite a lot lately. They are truly amazing and can make you rich at any point of time. Here, we are going to talk about top 5 cryptocurrencies of 2018:
Bitcoin is the most popular cryptocurrency in the world. In recent times, it has seen a significant increase in its value. Its price was around $900 when the year started and now, it has reached $19000. It has been 16 years since Bitcoin came into existence and it became the first cryptocurrency that was created by Satoshi Nakamoto. The main reason why Bitcoin prices have increased so much is because people from all over the world are investing huge amounts of money in it. Bitcoin is used for payment purposes at various places such as Microsoft, Dell and Dish Network etc.
Ethereum is known as one of the best cryptocurrencies after Bitcoin. It is not exactly a cryptocurrency but a public distributed blockchain platform that enables us to develop smart contracts and also decentralized applications or DAPPS as they are called. It was launched in 2015 by Vitalik Buterin who himself is an expert programmer and developer. Ethereum uses gas to run smart contracts on its blockchain which was earlier using an Ether token. This new decision can help Ethereum in providing better security to its users as
2018 has been quite a year. Despite being a volatile one in terms of prices of cryptocurrencies, it has been a great year for cryptos as more and more people are getting exposed to the wide range of cryptocurrencies and their use cases. As we near the end of 2018, let’s take a look at 5 of the top cryptocurrencies that are currently in the market.
1. Bitcoin (BTC)
Bitcoin is by far the most popular cryptocurrency and has been for many years now. Bitcoin was founded by Satoshi Nakamoto and was released in 2009. The fact that it is so popular can be attributed to the fact that Bitcoin is decentralized, transparent, immutable and easy to transfer across borders with low fees and no interference from governments or central banks. Bitcoin can be used to pay online merchants or can be stored in digital wallets and traded on exchanges. It has become a store of value in recent times with some even calling it ‘digital gold’.
2. Ethereum (ETH)
Ethereum is currently the 2nd biggest cryptocurrency in terms of market capitalization after Bitcoin. It was founded by Vitalik Buterin who named it after Ether which is another name for ‘the upper atmosphere’. Ethereum was launched to enable developers create decentralized applications which are known as DApps today. D
Cryptocurrencies have recently seen an increase in their popularity. The reason for this upsurge is the rising value of cryptocurrencies. Although, these digital currencies have been around since 2009, it was in 2017 that the prices of cryptocurrencies skyrocketed. And we don’t see them coming down any time soon.
Bitcoin
Bitcoin was launched in 2009 as the first and topmost cryptocurrency. It was developed with the aim to remove the middlemen from transactions. At present, it dominates the cryptocurrency world. Bitcoin has a market cap of $194 billion and has a price of $10,972 per token.
Ethereum
Ethereum is the second most popular cryptocurrency after Bitcoin and has a market cap of $81 billion with a price of $1,042 per token. Ethereum was released in 2015 and, unlike bitcoin, facilitates smart contracts and decentralized applications without any downtime or fraud involvement or control by third parties.
Ripple
Ripple came into existence in 2012 and is slowly growing as a popular cryptocurrency. Ripple has a market cap of $31 billion with a price of $0.51 per token. The main attraction about ripple is that it can be used for international monetary transactions without any additional charges or fees involved. Moreover, the processing time for these transactions
1.Bitcoin (BTC) – $7,212.
Bitcoin is the largest cryptocurrency with a market cap of around $121 billion and a price of $7,212 as of this writing.
Bitcoin was the first cryptocurrency ever created and has been popular since its launch in 2009.
The decentralized nature of Bitcoin makes it impossible for governments to control or manipulate its value. The scarcity of Bitcoin has also added to its value, making it one of the most valuable crypto assets in existence today. This year, Bitcoin has experienced a surge in price and the popularity of cryptocurrencies in general has continued to grow as well.
CoinsMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was founded back in 2013 as a simple crypto price tracker.
Nowadays, it is the most visited crypto website with over 5 million monthly visits. Coinsmarketcap offers information on top cryptocurrencies, market capitalizations and their prices. They also provide historical data for each of those cryptocurrencies that can be used for analysis.
The website does not have any trading feature or own its own exchange platform – it only provides data and information about prices of different cryptocurrencies. The team behind Coinsmarketcap consists of 10 people and one amazing Shiba Inu dog named Akita who inspired the name of the company (Market Cap = Market Capitalization = Akita). All team members are anonymous but they do have photos on their official Twitter page.
Bitcoin, the first and biggest cryptocurrency by market cap, has been around since 2009. It was created by a pseudonymous developer named Satoshi Nakamoto, who is an individual or group of people.
Bitcoin’s price began to rise in September 2017, and as of 2018, it is trading at $13,000 per coin. Bitcoin is the most popular cryptocurrency in existence today.
Ethereum is the biggest rival to Bitcoin in the cryptocurrency market and many wonder if Ethereum will eventually surpass Bitcoin as the largest cryptocurrency.
Ethereum’s market cap currently stands at over $100 billion and one ETH token trades for about $1,000.
Ripple is a network that uses blockchain in order to enable global transactions such as cryptocurrency trading. The market capitalization for Ripple currently stands at over $100 billion and one XRP token trades for about $2.30.
Bitcoin cash came out of left field, according to Charles Morris, a chief investment officer of NextBlock Global, an investment firm with digital assets: “I’ll call it the other son because it looks like Satoshi’s true heir”
Cardano is a blockchain platform with more advanced features than any protocol developed before it. Cardano aims to run financial applications used by individuals, organizations
What is a Cryptocurrency?
Cryptocurrency is a digital currency that uses encryption techniques to generate money and to verify transactions. This means that the currency is not issued by any central authority such as a bank or government. Because of this, it can be used for cross-border transactions with minimal fees. It also allows users to remain anonymous when making these transactions, which has resulted in the use of crypto currencies for illegal activities.
Cryptocurrency is still in its infancy and many more currencies are being launched all the time. However, there are some popular cryptocurrencies that have been around for a number of years and can be safely considered trusted investments.
Bitcoin (BTC)
Bitcoin was the first cryptocurrency and is still the most popular. It was launched in 2009 by Satoshi Nakamoto (a pseudonym). The price of bitcoin has risen significantly since it was launched over 8 years ago. Bitcoin is used by millions of people all over the world and has paved the way for other cryptocurrencies such as Litecoin, Ethereum and Ripple. When investing in bitcoins it is important to remember that they are highly volatile, so don’t invest more than you can afford to lose!
Ethereum (ETH)
Ethereum is another cryptocurrency launched in 2015 which has rapidly increased in popularity amongst