imagesource
Cryptocurrency, or digital currency, is an invention of the Internet. There are more than 5000 cryptocurrencies in the world. Like any other assets (think of stocks, or property), there price can rise and fall quickly, making them highly volatile and risky investments.So here are the top 10 cryptocurrencies to invest
1. BITCOIN(BTC)
It was invented under the name of Satoshi Nakamoto in 2009, and it is what brought the word “blockchain” into the public eye. Bitcoin has the biggest market cap to date around $10billion, overshadowing all other cryptocurrencies in this list, combined. As expected, the Bitcoin is in the top of the list with a market capitalization of $62,695,501,409. You can buy 1 BTCUSD Bitcoin US Dollar by paying $3779.96 (25 September 2017) as its the costliest virtual currency in the market accepted and legalized in many countries. If you don’t have $3780 don’t worry, investors can also buy satoshi which is the smallest part of bitcoin.
2. ETHEREUM(ETH)
Ethereum and its associated currency, ether, came about from a proposal in 2013 by Vitalik Buterin. When the blockchain split in 2016, the network was divided into Ethereum and Ethereum Classic, with Ethereum being the majority. The market cap of Ethereum is $27,283,703,718 with a price of around 288 US Dollars.
3. BITCOIN CASH(BCH)
Bitcoin Cash is a breakaway part from Bitcoin, which is now a separate cryptocurrency itself. Bitcoin Cash has a market cap of $7,257,184,581, while you can buy one BCH for $436.82.
4. RIPPLE
Ripple is a real time gross settlement system network by ripple. It was introduced in the year 2012. Meanwhile, it has a market cap of $6,828,002,956. You can buy one unit with a price of around $0.178073. The Ripple system has been integrated into a few banks and payment networks to reduce costs.
5. LITECOIN
Litecoin was released in October 2011 by former Google employee Charles Lee as an alternative to Bitcoin. Litecoin was released in October 2011 by former Google employee Charles Lee as an alternative to Bitcoin. Meanwhile, it has a market cap of $2,583,461,291. You can buy one unit with a price of around $48.66.
6. DASH
Dash, formerly known as both Darkcoin and Xcoin, is a popular cryptocurrency thanks to instant and private transactions as well as decentralized governance. It was introduced 3 years ago. Meanwhile, Dash has a market cap of around $2,555,428,626 at the time we wrote this outlook. One dash costs $337.20.
7. NEM
NEM was launched in March of 2015 and includes a reward system, messaging, and support for multisig transactions. Nem runs in Java platform. The market cap of NEM is $1,976,940,000. Meanwhile, you can get one NEM for $0.219660.
8. IOTA
The main innovation behind IOTA is the Tangle, a new blockless distributed ledger which is scalable, lightweight and makes it possible to transfer value without any fees. IOTA has a market capitalization of $1,507,444,895 while you can get one IOTA for $0.542338.
9. MONERO
Monero went about cryptocurrency slightly differently than its predecessors and gave a major focus to privacy and scalability. Originally launched as BitMonero, they quickly shortened their name to Monero and saw rapid growth. It was introduced in April 2014. The market cap of Monero is $1,375,193,143 with a value of around $90.89 for a unit.
10. NEO
NEO is still widely considered “China’s Ethereum” because it, like Ethereum, is aiming to build a platform on which other DApps or Decentralized Applications could be built by letting users execute smart contract code on their Blockchain. One advantage that NEO has over Ethereum is that it supports most advanced programming languages like C++, Java and Python whereas Ethereum has its own programming language called Solidity which could take a while to learn for new developers. It has a market cap of $1,091,140,000 and value of $21.82.
References:
https://atozforex.com/news/top-10-cryptocurrency-2017/
http://www.hongkiat.com/blog/hottest-cryptocurrencies-to-know/
