The last couple of years have been glorious years for virtual currencies as their market cap increased from around $18bn in January 2017 to $800bn in January 2018.
That drove millions of people to the industry. They traded it on the exchange, used systems like Bitcoin Loophole to leverage the price-changes, and many were excited they were about to get rich.
Unfortunately, after that, there was a big adjustment as nearly all of the top 10 cryptocurrencies’ prices drastically dropped and their market cap reached the lowest point of $254 billion in early April 2018.
So, you’re not only going to get a list of the top digital currency 2019 by the end of this article, but also the motives behind their popularity and ranking.
Bitcoin was the first cryptocurrency to be created in 2008. The interesting fact is that nobody understands who specifically in the real world invented it. All that is known about the individual or group is that Satoshi Nakamoto is the pseudonym used.
Bitcoin is a cryptocurrency centered on a distributed blockchain-based ledger technology. When making digital payments, Bitcoin bypasses the need for controlled intermediaries such as banks.
You can do it without having to involve your bank unless you want to. Its objective is to produce an option for fiat currencies such as USD, EUR, GBP, and JPY.
In 2010, you can still get 1 Bitcoin (BTC) for under a dollar and in December 2017, one BTC’s cost reached $17,900. In 2017 alone, BTC increased by nearly 2000 percent.
Like all other leading virtual currencies, BTC experienced a huge drop in the first quarter of 2018 and has fluctuated ever since. In December 2018, its price suffered another drop.
BTC has a market share of approximately 36 percent with a capitalization of about $193 billion. Bitcoin is the starting point when it comes to cryptocurrency and is, therefore, without a doubt, the most famous cryptocurrency.
Ethereum is the second most popular cryptocurrency. It was created by Vitalik Buterin in 2015 and is far more than just a virtual currency.
Ethereum is a blockchain-oriented platform for the development of smart contracts and decentralized applications. Smart contracts are the blockchain-coded agreements and are executed on fulfilling certain pre-set circumstances.
Ether is the indigenous cryptocurrency used on Ethereum’s blockchain for all transactions.
What this indicates is that you don’t need to create your blockchain if you have a concept for a project that uses blockchain technology. The reason Ethereum differs from all the other top 10 digital currencies is that you can build on its blockchain.
Ethereum was one of the 2017 top ten cryptocurrencies’ finest performers. Its price increased from $9 in Jan 2017 to $1389 in Jan 2018, resulting in a 17,000 percent return! The market cap is currently about $24 billion.
Ethereum has now started crashing again. It began showing signs of rising in January 2019 with a constant downward trend. Ethereum certainly deserves its place among the most famous cryptocurrencies with very powerful infrastructure and an outstanding team.
Ripple is a distinctive cryptocurrency as it focuses on solving only one industry-related issue – international payment transfers. It was established in 2012 to make both quick and inexpensive global transactions.
The corporation behind Ripple owns 50 billion of the entire amounts of 100 billion XRP that are available. This is a very distinct approach to most other best 10 cryptocurrencies where most of the coins are not held by a major organization.
Although Ripple had been around for a long period, only in the second quarter of 2017 did it hop on the development car. But since then, with a market capitalization of over $14 billion, it has grown to become the third most valuable digital currency among the esteemed top 10 cryptocurrencies.
In reality, XRP was one of 2017’s top performers as its price increased from around zero in Jan 2017 to around $3.65 in January 2018. Like other virtual currencies, in April 2018, XRP’s value dropped and hit its $0.48 bottom.
Ripple has had a lot of trouble attempting to move back up in price since April. As of December 2018, some signs of development were seen.
Bitcoin Cash (BCH)
Bitcoin Cash was forked in 2016 from Bitcoin itself, as the name indicates. When Bitcoin’s developer community could not agree on the changes required in Bitcoin’s code, it was forked into BCH and ranks among the highest level 10 cryptocurrencies in the middle at the moment.
A fork is the split of a cryptocurrency. The parent cryptocurrencies maintain their characteristics while technological improvements are being made to the baby cryptocurrency.
The aim of establishing BCH was to fix some of Bitcoin’s current issues, particularly concerning scalability and trading fees.
Bitcoin Cash launched just in 2016, has risen very rapidly to make it to the top digital currency list. It increased from around $500 in July 2017 to around $4,000 in December 2017, resulting in a return of about 10,000 percent in less than six months.
Bitcoin Cash’s price has also experienced a continuous drop with a market cap of about $6 billion.
EOS token was introduced via an ICO. The platform of EOS billed to be released in June 2018, was anticipated to compete directly with Ethereum and NEO.
EOS was developed by Dan Larimer, who is the founder of the Bitshares cryptocurrency exchange and the Steemit blogging site based on blockchain. EOS is creating a framework for developers to construct decentralized apps and smart contracts, but with significant technological improvements.
Launched in July 2017, by ending of January 2018, EOS received $700 million in its ICO. Since then, it has risen even more. EOS has a continuous ICO that opens at periodic intervals for brief periods.
The cost of the EOS token has risen significantly since the launch of its ICO. Indeed, it is one of the few cryptocurrencies that was least impacted by the 2018 market crash. All things considered, another of the top cryptocurrencies for 2019 is undoubtedly EOS with a market capitalization of about $4 billion.
Cardano was developed in September 2017 by the co-founder of Ethereum, Charles Hoskinson. Cardano was also created as a platform for distributed applications and smart contracts, like Ethereum.
Like EOS, the distinction between Cardano and Ethereum is that it has made many technological changes over the technology of Ethereum. Cardano is still regarded as the 3rd and most sophisticated blockchain technology generation just as EOS and NEO are, making it one of 2019’s top cryptocurrencies.
Cardano has shown outstanding development despite being a very new cryptocurrency and has reached a market cap of over $9 billion.
Cardano rose to a cost of $1.20 in January 2018 from about $0.20 in October 2017, providing a return of about 500 percent in 3 months.
Like other top ten cryptocurrencies, the price of Cardano dropped in March 2018, but now it shows signs of resurgence. The market cap is currently at about $2 billion.
Litecoin was developed by ex-Google staff Charlie Lee back in 2011. It was constructed on Bitcoin’s blockchain to improve it. Like Bitcoin, Litecoin is a digital currency and not a smart contract platform.
Litecoin is one of the most famous and stable cryptocurrencies as it has been tested for over 6 years.
Litecoin with a market valuation of about $6 billion has long been among the top 10 cryptocurrencies. It had a wonderful 2017 as its cost increased from $4 in Jan 2017 to $350 in Dec 2017, resulting in a return of more than 8,000 percent.
Litecoin’s price fell as the market of the cryptocurrency dropped in March 2018. Since then, its price has moved downward.
Jed McCaleb, who is also Ripple’s founder, established Stellar in 2014. Ripple was sharply forked into Stellar and the Foundation for Stellar Development was born. Stellar, like Ripple, also aims to make cross-border transactions more effective.
One thing that stands out for Stellar is that the Stellar Innovation Foundation is an NGO compared to all the other famous cryptocurrencies.
Stellar has only been around since 2014, but until the end of the first quarter of 2017, it did not see much traction. Its cost increased to $0.85 in January 2018 from $0.0039 in April 2017. That’s a 21,694 percent return in less than nine months!
Here you have it, the top cryptocurrency list 2019. Now’s the time to learn how to trade them and how to find yourself a legit investment platform, and go for it.
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