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Cryptocurrency is digital money, that is developed in such a way that it is secure and help easy transactions and in this article top 10 cryptocurrencies available in the market will be discussed. Cryptocurrency is obviously related to cryptography, where all legal information is converted into specific code with high security so that it cannot be cracked and cannot track the transfers. Digital currency always makes use of technology. Cryptocurrency is decentralized because it should be secure and without the aid of any third party or intermediate and mainly depend and run on the blockchain. Cryptocurrency is the newest trend in the money market and There are lots of Cryptocurrency Development Service provider which are creating Cryptocurrencies such as Bitcoin, Litecoin, Etherum, etc. More than five thousand cryptocurrencies are there in the world but here we are only marking out the Top 10 Cryptocurrencies according to present demand for currency, future scope and value investment asset.
Bitcoin is the most accepted and the topmost on the list of top 10 cryptocurrencies in the world. It is worldwide digital currency based on the peer to peer technology system. Bitcoins works without a central bank or central administrator so it can be used in different countries. Nowadays people are in search of best bitcoin exchange things and how to buy bitcoin online through a secure medium.
Litecoin was found in October 2011 by former Google employee Charles Lee as an alternative to Bitcoin. Overall, Litecoin is similar to others and it can be mined. Litecoin is used as currency and transaction for goods and services. The market cap of Litecoin is $3,642,128,063 with a value of around $67.60 for 1 Litecoin. This is also known as an alternative to Bitcoin, most similar to Bitcoin. It’s also an open source peer-to-peer digital currency like Bitcoin.
Ethereum cryptocurrency was launched in 2015. It allows smart contracts and different applications to built and run without any downtime. Ethereum platform uses a specific token named ether for cryptography. The token can be used to trade, secure, and decentralize just about anything. In the race of leading cryptocurrencies, Ethereum is second most popular and is just behind Bitcoin. Ethereum can emerge to be a really good investment in future.
Dash has been introduced 3 years ago, formerly it was known as Xcoin or Darkcoin and is open peer-to-peer virtual currency and it comes under top 10 cryptocurrency. Dash has a market cap of around $3,439,084,884 and one dash costs $446.86. It is initiated to be a form of electronic cash. The two developers Evan Duffield and Kyle Hagan refined the currency and additionally develop it. Based on the individual coin values on the altcoins market today, very few retailers accept this form of electronic cash payment so far.
On our top 10 cryptocurrencies list, Ripple stands as the fourth best cryptocurrency. It was introduced in the year 2012. And, it has a market cap of $8,748,471,371. The Ripple system has been integrated into a few banks and payment networks to reduce costs. It is especially known for a strong focus on banking market, real-time settlement. Ripple cannot be spent on services and goods as compared to others. It is also an alternative currency hence no retailing universe accepts ripple directly, yet for trading and exchanging ripple is used. This is also a transaction protocol for Global Payments.
Monero is an open-source virtual currency that introduced in April 2014. It mainly focus on privacy and decentralization. Moreover, the market cap of Monero is $1,985,971,808 with a value of around $129.22 for a unit. The cryptocurrency most concerned with privacy is Monero. Hence it introduced an additional layer of privacy protection for its users accordingly. Monero proves to be an excellent choice for this booming industry. It uses a different technology called ring signature, hence Monero is secure, private and untraceable. Mainly known for being a privacy-centric cryptocurrency.
Bitcoin Cash introduces absolute money to the world, it also fulfils the fundamental promise of bitcoin as peer-to-peer electronic cash. Bitcoin Cash is a breakaway part of bitcoin, which is now a separate cryptocurrency itself. Merchants and users are empowered with low fees and reliable confirmations. Bitcoin Cash has a market cap of $21,898,987,947. It is one of the most popular hard forks of the Bitcoin core
Bitcoin Cash Markets
NEO is a non-profit community-based blockchain project. The project utilizes blockchain technology and digital identity to digitize assets. And to automate the management of digital assets using smart contracts, and to realize a smart economy with a distributed network. NEO has a market capitalization of $3,126,051,500 while you can get one NEO for $48.09.
The Cryptocurrency Cardano (ADA) was developed by a man named Charles Hoskinson in September 2017. He is also one of the co-founders of the famous Cryptocurrency ‘Ethereum’. Cardano also, like Ethereum, provides the facilities to develop Decentralized Applications and Smart Contracts. Some of the major characteristics Cardano are scalability and interoperability, which not many other platforms can claim of! Another major highlighter of this Cryptocurrency is their speed in conducting International payments.
The cryptocurrency EOS was launched only in the month of June in the year 2018. But still it has been considered as one of the top Cryptocurrencies of 2019. EOS was developed by the software programmer and Cryptocurrency entrepreneur Dan Larimer. The famous Cryptocurrency exchange platform BitShares was also developed by him. Another major milestone to his portfolio includes the Blockchain Steem.
EOS also offers a well built Cryptocurrency platform so that it allows to build decentralized applications.
Binance coin (BNB) is the native token of the Binance network, one of the biggest names in the crypto industry. It ran initially on the Ethereum blockchain but was later migrated to Binance’s own blockchain. It is currently priced at $623.87. BNB currently has a market cap of over a hundred million USD. With the increased popularity of the Binance exchange, Binance DEX, and its two blockchains Binance chain and Binance Smart Chain, BNB is expected to continue its reign as the top cryptocurrency in the world after Bitcoin and Ethereum.
Solana is a cryptocurrency that has become hugely popular recently. It has quickly made its way to the top 10 cryptocurrencies today courtesy of the recent hype surrounding NFTs. Solana is a high-performance blockchain that supports NFTs, DApps, and smart contracts. The transaction speed is very high compared to other popular blockchains. Using the more eco-friendly proof of stake mechanism for consensus is also a plus point of the platform. Its native token SOL is currently priced at $227.81 and has a total market cap of 68 billion USD.
A limited number of validators.
Polkadot enables blockchains to transfer all kinds of assets or data between them. This has led to making a lot of blockchains interoperable with each other. Interoperability is the key to developing a decentralized internet regulated by users, and easing the production of new apps and services. Polkadot has the ability to process multiple transactions on several chains at the same time. This feature considerably increases the scalability of the whole network. The cryptocurrency DOT is currently priced at $46.06 and has a market cap of over 45 billion USD.
Here, you can look into some interesting questions related to the top 10 cryptocurrencies for your reference.
1. Why bitcoin is the topmost cryptocurrency among top 10 cryptocurrencies?
With respect to the market capitalization of all the cryptocurrencies, Bitcoin has the largest market capitalization of more than $100 billion so it is most accepted and easy to trade and also possess a large community of investors.
2. Which is the best cryptocurrency that can be used to build smart contracts?
Ethereum is the best cryptocurrency that can be used to build smart contracts
3. Which cryptocurrencies offer zero transaction fee?
Litecoin and IOTA are the two cryptocurrencies which offer zero transaction fee
4. Which are the best cryptocurrencies in the top list to invest in 2019?
The best cryptocurrencies in the top list to invest in 2019 are as follows:
5. Which cryptocurrency in the top list is not based on the Blockchain technology?
IOTA is the cryptocurrency which is not based on the blockchain technology and it follows tangle which is based on mathematical acyclic graphs.
While Bitcoin suggests to be the most famous cryptocurrency out of the whole lot. The potential investors are always keeping an eye on the wide price variations in other virtual currencies and this top ten cryptocurrency as well.
Outside of this list, there are also newer cryptocurrencies incorporating other types of benefits and advantages. There are also other cryptocurrencies that sometimes weave in and out from this list.
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