London, UK, 4th Dec 2021, The cryptocurrency world is a confusing and ever-changing landscape of new coins. But don’t worry, we have your back with our list of the top 10 cryptocurrencies by market capitalization! These aren’t only some hot tips on how to get started – they’re also worth more than $100 billion combined (!), so you know these guys mean business!
A lot goes down in this digital ecosystem; it can be tricky knowing where one coin begins when there are thousands out there changing every day or week depending upon what project catches someone’s eye most recently… but fear not fellow investor: the broker Leo Garcia from FinancialCentre is here take you on this journey.
Looking at the table below, you’ll quickly see that market capitalization isn’t everything. There are less valuable coins towards the top of the list, but they can be doing something different to make them stand out from their competition.
For example, you’ll notice that Stellar (XLM) is far down on this list with a value of just under $5 billion – but it has been steadily creeping up there over recent months and looks set to rise further in 2018 as people realize its capabilities which are impressive for an established cryptocurrency.
One thing to consider before making your bets is how many coins will come online in future years or even months? The answer depends largely upon where your interests lie, so let’s look at some of the world’s most significant projects that you can get behind before they take off.
Bitcoin is a cryptocurrency that can purchase goods and services from any person or business that accepts them as payment. The original bitcoin was created by Satoshi Nakamoto back in 2009. Still, today in 2021, there are many other cryptocurrencies on the market with names like Ethereum, Ripple etc., all running off their own blockchains recording transactions made between parties using different currencies such as US Dollars (USD) instead of just one main currency, which we call “Bitcoin Core(BTC).”
If you’re interested in getting some bitcoin (or BTC as it’s usually known), you’ve come to the right place; pick a platform that appeals to you and start trading!
Launched in 2015 by Vitalik Buterin, Ethereum is a digital currency that can be used to pay for goods and services and exchange for other cryptocurrencies. It uses blockchain technology like Bitcoin but has additional capabilities thanks to its programming language, allowing people to build decentralized applications. This means that developers do not need to go through an intermediary such as Apple or Google Play Store, so they can set their own rules about how the application runs. This prospect excites many investors because this could mean more efficient apps with charges lower than we see today.
Bitcoin Cash (BCH):
This type of Bitcoin was created in 2017 and is most known for its increase in block size to 8MB per block — which means the network can process more transactions at once and is faster than most other digital currencies! What’s more, there are no transaction fees, unlike bitcoin core. In addition to this, it has a decentralized development team that commercializes the code, open-source design allowing customers from all backgrounds access to use-cases such as smart contracts.
EOS: EOS launched its own ICO back in June 2018, raising over 4 billion dollars with a beta version out already and a significant net release on track for September 2018! The market for this coin is still fresh as it has only been out for a few months, and the development team behind it are working toward releasing its final product.
Ripple (XRP): Ripple started 2014 by going live with their digital currency XRP to help facilitate global payments between banks looking to lower transaction fees. They can even send payment requests, payments and transactions in a foreign exchange allowing payments in seconds rather than days, especially if sending money across international borders – who wouldn’t want that? The system they have built will enable businesses to connect directly with each other, so there is no need for multiple intermediaries. This has given rise to hundreds of banks claiming to use the “Ripple Consensus Ledger” to process cross-border payments within the next few months.
Cardano (ADA): Cardano was created in September of 2017 by Blockchain technology company, Input Output Hong Kong (IOHK), led by Charles Hoskinson, former co-founder of Ethereum. He oversaw the development phase for both platforms. Eventually, He left to build his blockchain solution called Cardano, which claims to have solved many security issues present with other cryptocurrencies. However, it lacks formal proof of its ability to do so since it is not yet released. Nevertheless, they have set out their roadmap for 2018 with plans to release new wallet versions while releasing intelligent contracts and decentralized applications before releasing their full product sometime later this year.
Disclaimer: Our content is intended to be used for informational purposes only. It is very important to do your own research before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on this article and wish to rely upon, whether for the purpose of making an investment decision or otherwise.