The world’s first cryptocurrency is known as Bitcoin; Ethereum takes the second position after it. But, among other 18,000 cryptocurrencies, some are also getting popular. In this article, we will be talking about the best 5 digital currency that are highest in market capitalization andmost popular in investment.
Cryptocurrencies have exploded onto the world financial scene in recent years, and they’re not showing any signs of slowing down anytime soon. The growth in their value has captured the attention, from governments to investors to consumers, so learning more about them is key to getting ahead in today’s world economy. Here are the top five cryptocurrencies that you should know about right now!
1) Bitcoin
Bitcoin (₿) is a cryptocurrency and worldwide payment system. Since the very beginning, Bitcoin has been known to be a decentralized form of digital currency. There are currently more than 16 million bitcoins in circulation, with an additional 12 million added every year. Bitcoin is nearly impossible to counterfeit because of its unique security early.
In 2020, it was estimated that there would be 20 million bitcoins in circulation, which will closethe Bitcoin inflation rate to zero per cent; thus making bitcoin more valuable over time. Based on average annual total returns, Bitcoin has outperformed every major currency benchmark from 2009 through 2015, including US dollar return of about 9% per year, gold return of 4% per year, and S&P 500 return of 10% per year.
2) Ethereum
Ethereum was conceived in 2013 and was publicly announced in 2014. Ethereum is similar to Bitcoin's nature; it is also a blockchain-based cryptocurrency. But it’s unique because it can process transactions faster than Bitcoin.
As of September 2017, Ethereum has attracted $27 billion in investment from over 200,000 users. With a market cap of over $100 billion as of September 2017, it’s currently second only to Bitcoin among cryptocurrencies—and some experts say its room for growth could lead to its surpassing Bitcoin one day soon.
3) Dash
Dash is an open-source digital currency with a strong focus on user privacy and instant transactions. It boasts innovative features like master nodes, instant transactions, and a self-governing blockchain.
The two-tier network of Dash consists of miners who secure its blockchain and master nodes who take care of its InstantSend feature. Released in January 2014 as XCoin (XCO), Monero was rebranded to avoid confusion with Bytecoin after that coin imploded due to a shady premise scheme.
4) Litecoin
As one of the first cryptocurrencies ever created, Litecoin was also among its most stable. Many people know about Litecoin, and some have even invested in it. The downside is that there's been little improvement to Litecoin for a few years, with many seeing it as obsolete and wanting to see something new—which is where Bitcoin Cash comes in.
Bitcoin Cash has been around less than a year, but it has already proven a more efficient version of Bitcoin with faster transaction times and lower fees. There's debate over whether or not it will ever be able to overtake Bitcoin, but most agree that we should keep an eye on how things progress moving forward. Either way, you're free to invest in both if you like diversity!
5) Bitcoin Cash
With a market cap of $27.7 billion, bitcoin cash is now one of the most valuable cryptocurrencies in existence, but it wasn’t always that way. Created in August 2017 by the bitcoin hard fork, bitcoin cash has been one of 2018’s biggest winners, with a 495% price surge so far.
However, there was a time before BCH split from BTC when it struggled to even stay afloat. After SegWit2x hard fork was called off in November 2017, developers behind BCH submitted a proposal for an increase in Bitcoin Cash block size four months later, which was approved and activated on May 15th 2018.
Conclusion
These cryptocurrencies are just 5 out of over 18,000. But, they are among the most popular cryptos traded wisely nowadays. The cryptos are traded through platforms like which facilitate an easy trading process. This platform lets you explore all the updates and developments in the crypto market and formulate your trading strategy accordingly.
