Cryptocurrencies are all the rage right now, and they’re becoming more and more popular every day.It can be overwhelming to follow the news and see so many new names pop up in your Facebook feed daily – especially when you’re trying to figure out which cryptocurrencies are worth your time!.But don’t worry, we’ve got you covered with our list of the top 10 cryptocurrencies by market cap.
The world’s largest cryptocurrency and digital payment system. It was created in 2009 as a decentralized electronic cash system, or a peer-to-peer electronic cash system.
It’s best known for giving users control over their funds and not requiring traditional financial institutions to be involved.
Bitcoin has value because it is scarce (only 21 million will ever exist) and it acts as a medium of exchange with no centralized authority needed to verify transactions.
Ethereum is not a cryptocurrency, but it’s still worth discussing because of its potential to disrupt several industries. Ethereum is an open-source blockchain platform with programmable transaction functionality.
This makes it easy for developers to build and deploy decentralized applications, also known as Dapps, on top of its blockchain infrastructure.
Though ether—the digital currency that fuels these applications—has risen more than 3,000% in 2017, Ethereum has also attracted plenty of skepticism as well.
Some fear that Ethereum lacks intrinsic value or that its technology is flawed. Still others believe Ethereum will never live up to the expectation people have created around it.
Regardless of your view on these issues, however, you can’t deny Ethereum has exploded onto everyone’s radar in 2017 and may be here to stay for years to come.
$13.24 BillionMarket cap as of January 23, 2018: $88.1 billionRipple was created in 2012 to enable secure, instant and nearly free global financial transactions of any size with no chargebacks.
The RippleNet is a single, decentralized blockchain-based ledger that provides a universal operating system for interbank transactions.
It allows banks to settle cross-border payments in real time and with complete transparency, similar to domestic payments – but with settlement times that are measured in seconds rather than days. Its native currency is called XRP.
Banks and payment providers can use Ripple’s distributed financial technology (DLT) to transfer money worldwide — pay suppliers, customers or counterparties — without delay and at lower costs.
It has a market cap of $4.8 billion and is trading at $56.42 per coin. It was created in 2011, just one year after Bitcoin, by Charlie Lee as an offshoot of Bitcoin.
It is one of several cryptocurrencies which can be mined using consumer-grade hardware. Since its launch, Litecoin has emerged as a strong competitor to Bitcoin.
Recently, there have been rumors that it could surpass Bitcoin due to its faster block generation rate.
This feature also ensures that transactions over Litecoin’s blockchain are settled quickly (faster than 10 minutes). And more vendors have started accepting payments through Litecoin cryptocurrency too!
The minimum transaction fee for sending payments on Litecoin’s blockchain is around 40 cents while miners usually accept LTC prices between 50 cents and 75 cents.
Bitcoin Cash (BCH)
When Bitcoin was created, it was designed to be a peer-to-peer system of payments that would free people from relying on banks and financial institutions.
And while it’s used mainly for that purpose today, there are growing pains as its popularity continues to grow. This has led to some interesting developments: hard forks, spinoffs and other cryptocurrencies based on Bitcoin.
One such cryptocurrency is Bitcoin Cash (BCH), which aims to resolve several issues with legacy Bitcoin—chief among them, high fees and slower transaction times.
Stellar Lumens (XLM)
Stellar is a blockchain-based protocol that connects banks, payments systems, and people. The XLM cryptocurrency serves as a bridge between currencies.
While it’s still used for transactions on its own network (much like BTC), it can also be exchanged for other major cryptocurrencies like Ethereum or Ripple.
Founded in 2014, Stellar boasts an impressive board of advisors and over 6 million individual accounts on its network. At just .00008 per token and a $4 billion market cap, Stellar has room to grow significantly in 2018.
Launched in 2017, Cardano is one of a handful of projects that have introduced more secure technology over existing blockchains.
Cardano uses a new Proof-of-Stake consensus protocol called Ouroboros to create an environment where new blocks are created and validated in separate layers.
This allows for far greater flexibility than most other blockchain projects on our list.
It’s worth noting that, since being launched just over a year ago, Cardano has gone through some significant changes—for example, improving its Daedalus wallet and implementing several upgrades across their network.
According to CoinMarketCap, EOS has a total market cap of $7.89 billion and is trading at $6.79 per token.
EOS, an open-source platform that aims to make it easy for developers to build and deploy applications, raised more than $200 million in its year-long ICO.
The platform claims it can also handle millions of transactions per second, making it a suitable platform for large-scale businesses.
The top cryptocurrency currently has a market value of over $7 billion – due in part to an announcement by Block.one on May 1 that it will invest over $1 billion into projects built on its blockchain protocol – making it one of only two cryptocurrencies worth more than ten figures (the other being Bitcoin).
Tron was launched on August 31, 2017 and is a blockchain-based protocol that aims to construct a worldwide free content entertainment system with the blockchain and distributed storage technology.
The protocol allows each user to freely publish, store and own data, and in turn, creates a decentralized content entertainment ecosystem.
IOTA has a total market cap of $6.3 billion, making it 10th in our cryptocurrency rankings.
Like Ripple, IOTA has something known as a token, which is used to send transactions on its blockchain. It’s a bit of a different beast than Ripple, though — instead of being focused on enterprise users (like Ripple), IOTA is targeted at Internet-of-Thing’s devices.
The company’s goal is to be able to facilitate microtransactions between all kinds of IoT machines in order to help them sell their data and services more efficiently.