Top 5 Cryptocurrencies- A Definitive Guide
by Charvie Malhotra Marketing ManagerCryptocurrency
investors have plenty of options.
In
fact, to tap new possibilities of digital arena many new digital coins made
their entry in last 2-3 years. All this has resulted in generating too many
cryptocurrency investment options for investors.
Isn't
that's great? NO!
Availability
of too many options has further complicated the scenario for crypto investors.
Having
so many options it has become pretty difficult for
investors to decide which ones are generating most profits?
Which
ones are actually profitable to go with in coming future?
Which
ones are reliable and are here to stay?
And
most importantly!
Which
onesinvestors should out rightly ditch?
To
get the quick answers of all these questions investors might be doing lot of
research.
And
why not? After all it a matter that involves hard earned finances. Therefore
before making any investment these are the questions an investor need to
answer.
To make it easy for crypto investors like you we have done thorough research based on few market parameters. And based on our research we have prepared this list of top 5 cryptocurrencies that hold financial world's future.
So,
let's begin our count down.
Read More: what is crowdfunding?
Top
5 cryptocurrenices to invest in 2018
Bitcoin
(https://bitcoin.org/en/)
It
is the financial world's first electronic cash currency that was introduced in
year 2008. An unknown person or group of inventors under the name
SataoshiNakamoto invented this decentralized, cryptography based peer-to-peer
currency.
As
per researchers by the end of 2017 there were 2.9-5.8 million unique users who
rely on electronic coins. The market cap of $116,661,189,236 is a ready
testimony verifying that most of the virtual coins users rely on Bitcoin.
(Reference https://coinmarketcap.com/all/views/all/)
Further
as of May 2018 total value of Bitcoin surpassed the $100 Billion US dollar
mark. The current price of 1 Bitcoin is $6,469 (1 July, 2018).
Ethereum
(https://ethereum.org/)
Ethereum
is a decentralized powerful global platform that is based on blockchain
technology and features smart contracts. Ether is the incentive or more simply
a fundamental digital coin thats is given to developers for writing quality
applications. Ether is used to pay services and run application on the
network.
A
crypto programmer VitalikButerin proposed the concept of Ethereum (ETH) in year
2013. 11.9 millions digital coins were pre-mined initially for the crowd-sale.
Despite of a split in 2016 the value of Ethereum currency noticed a steep
increase of 13000 percent in 2017.
Ripple
(https://ripple.com/)
Ripple
was developed by Ryan Fugger in year 2004. Using the Ripple Transaction
Protocol (RTXP) users can instantly transfer money. Best is that by incorporating
Ripple protocol banking and non banking companiesfacilitate their customers to
use their services.
In
short, by using Ripple users can quickly process their customer’s payments
anywhere in the world. Further, by using digital asset XRP banks can
considerably reduce their transaction costs. All such features have made Ripple
the third largest digital currency in terms of market cap ($18,773,298,679 -
reference https://coinmarketcap.com/all/views/all/).
It is represented by a symbol XRP.
Bitcoin
Cash (https://www.bitcoincash.org/)
In
mid 2017 Bitcoin cash came into existence after a change called hard fork. The
hard fork was actually supported by biggest mining company and ASIC chip
manufacturers to increase the block size. Represented by BCH in less than a
year time it has captured a market cap of $12,940,921,856. This enabled BCH to
hold the fourth spot in this list.
Making
peer-to-peer transactions more economical and reliable BCH aims to make crypto
market more promising. After the fork Bitocin holders of block 478558 possesses
the same number of Bitcoin cash.
Litecoin
(https://litecoin.com/)
Based
on the Open Source Cryptographic Protocol Litecoin is the fifth largest crypto
coin by market cap. Not managed by any single central authority it is
represented by the symbol LTC or even XLT. Charlie Lee introduced LTC in year
2011 via an open source client GitHub.
Having
full compatibility with Bitcoin API Litecoin is easy to integrate with systems
using Bitcoin. Best is that it processes a block every 2.5 minutes which is
much slower compared to Bitcoin. This obviously gives it a trademark
transactional speed making it much efficient to use electronic coin preferable
for small purchases.
Apart
from this, there are few other virtual coins that are also making firm mark in
digital currency market. These new coins also look promising and are growing
swiftly. For better comprehension here are few prominent ones:
- IOTA (https://www.iota.org/)
- NEO (https://neo.org/)
- DASH (https://www.dash.org/)
- Monero (https://monero.org/)
- EOS (https://eos.io/)
Concluding
thoughts
I
know many of you had made mistakes in making crypto market investments.
How
I know this?
Well!Simple
because you are reading this blog post.Remember the five and few other names mentioned
here currently have edge over others. That’s for sure.
All
these top crypto currencies have come a long way since their official beginnings.
There is no doubt about that also. But the ride isn’t over yet.
Cryptocurrencies
that are in infant stage and don’t even rank in top 50 or 100 can still have
fighting chance.
The
only thing that need to do the basics right by maintain trust, security and
speed of their platform.
And
the digital coins which are on top of this need they also need to optimize
before competitors catch on.
Mind
it!
Competition is cut throat. Make sure that the features associated are practical, interesting and cool enough to make a user grab it quickly.
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Created on Jul 12th 2018 04:38. Viewed 949 times.