While the cryptocurrency market is back in red territory, many utilize this opportunity to buy the dips. Which cryptocurrencies should you pay attention to? We have compiled a list of Top 10 Cryptocurrencies 2018 for you to take a note of. Dig in!
CryptoToday – Last year was a year of success for cryptocurrency market, while some of the digital coin’s values surged to record highs, bringing a lot of turmoil to the market. As we entered 2018, the majority of cryptocurrencies have started the year of the Dog on a negative note.
Top 10 Cryptocurrencies 2018
Despite the increased regulatory attention and scalability issues, the cryptocurrency market has managed to somewhat recover from the start-year lows. What can we expect from the top performing cryptocurrencies this year?
While the cryptocurrency market is highly volatile and unpredictable, many investors struggle to make the decision in regards to the allocation of their funds.
Below, we would like to present to you the current top 10 cryptocurrencies 2018 as per the data from Coinmarketcap.
We bet you don’t feel surprised that Bitcoin leads the list of the top 10 cryptocurrencies 2018. Bitcoin has appeared back in 2009, while only during the last year this phenomenal cryptocurrency has gained crazy popularity.
Transactions in Bitcoin are carried out without the involvement of an intermediate or any central authority. This cryptocurrency pioneer appears as the most popular and famous digital coin out there.
Bitcoin is a peer-to-peer electronic cash system. This digital coin’s network allows users to take a full advantage of cross-border payment method. Additionally, Bitcoin is a first decentralized peer-to-peer network that is pushed forward by the users of the coin.
Presently, one BTC will cost you $9,445.91, and its market capitalization stands at $159,711,210,132.
Ethereum, the second biggest cryptocurrency in terms of market cap, was created by Vitalik Buterin. It is a decentralized platform that runs smart contracts. In fact, smart contracts are the applications that run as programmed without any chance of downtime, fraud, censorship, or third-party intervention. These smart contracts run on a custom created Blockchain.
The system allows developers to create market, shifts funds according to instructions provided in the past, and store registries among many other functions. All these functions are valid without any intermediary or counterparty risk.
Currently, one Ether, the native token of Ethereum, costs $708 with its market capitalization value standing at $69,504,093,564.
The third coin in our list of Top 10 Cryptocurrencies 2018 – Ripple. The creator of Ripple is a famous digital currency enthusiast Jed McCaleb. An interesting fact about Ripple – this cryptocurrency shares the creator with another crypto coin, Stellar.
XRP functions on the algorithm called the consensus (proof-of-work). The project is a payment network and also the payment protocol which powers it. The key aim behind the Ripple project is to enable “secure, instant and nearly free global financial transactions”.
There are a lot of similarities between Ripple and Bitcoin. However, the source code of Ripple’s technology is owned privately by the company. This implies that it cannot be verified by any of outsiders.
Ripple is backed by a number of banking organizations all across the globe. As a matter of fact, banks utilize Ripple’s technology as the basis for their own settlement infrastructure. Now, XRP’s value stands at $0.838522. Its market capitalization accounts for $32,779,465,721.
Bitcoin Cash (BCH)
Bitcoin Cash comes fourth on the list of Top 10 Cryptocurrencies 2018. It has forked off the original Bitcoin protocol back in August 2017. This is peer-to-peer electronic cash for the Internet. The digital currency is fully decentralized, while there are no central banks or intermediaries required for Bitcoin Cash to operate.
How is Bitcoin Cash different from Bitcoin?
Bitcoin Cash is somewhat a continuation of the Bitcoin project, with upgraded consensus rules that enable superior scalability and growth.
As of the moment, it is possible to purchase Bitcoin Cash for $1,042.15. Its market capitalization totals at $17,722,065,459.
Experts call Litecoin the “small brother of Bitcoin” due to the numerous similarities between these two coins. Litecoin is a peer-to-peer digital currency that allows for instant, almost zero-cost transactions all over the globe.
This cryptocurrency is an open source, global payment network that is completely decentralized and has no central authorities, like the majority of the coins. Complex mathematics is responsible for securing the network and enabling individuals to control their own finances.
Also, Litecoin features more rapid transactions speed and advanced storage efficiency in comparison to the king of cryptocurrencies. Moreover, with significant support from the industry, trade liquidity and volume, Litecoin appears as one of the key competitors for Bitcoin.
Now, LTC’s value stands at $179.63, with its market capitalization accounting for $9,977,014,947.
NEO, formerly known as Antshares, is a next-generation smart economy platform. The project has seen a remarkable rise and many noticed the cryptocurrency thanks to its explosive spike in value.
In addition, some industry insiders call this coin “the Chinese Ethereum”, as it was developed by Shanghai-based blockchain R&D company “OnChain”.
Ethereum Vs NEO?
NEO shares some features with the second biggest cryptocurrency by market cap. However, let’s look at some differences. The key dissimilarity between NEO and ETH lies in the technology they are built on. To be more specific, their programming language differs. NEO is compatible with all coding languages, while ETH only works with Solidity. Due to NEO’s wide compatibility spectre, many expect this coin to have a bright future.
Currently, one NEO will cost you $92.52. Its market capitalization stands at $6,013,839,000.
This relatively young cryptocurrency has been launched in September 2017. The native token of Cardano, ADA, has been closely watched by the industry insiders until the end of November. Since then, ADA’s value has spiked by more than 1,500%.
This project is a Blockchain network that is founded by Charles Hoskinson, the co-founder of Ethereum. The primary purpose behind this cryptocurrency is to “provide a more balanced and sustainable ecosystem” for cryptocurrencies.
As per the official information on its website, Cardano is the only coin out there with a “scientific philosophy and research-driven approach.” Currently, you can buy one Cardano coin for $0.225949, while its market capitalization stands at $5,858,195,661.
Stellar, or XLM, is the seventh digital coin on the list of the Top 10 Cryptocurrencies 2018. It is a hybrid Blockchain that is fully open-source. Stellar’s infrastructure looks into facilitating cross-asset transfers of value.
Stellar operates a network with the same technology that is behind Bitcoin – Blockchain. However, unlike BTC, Stellar’s transactions are able to settle in 2 to 5 seconds. This cryptocurrency allows users to quickly exchange government-supported currencies.
As of now, the value of one XLM stands at $0.315635 with its market capitalization accounting for $5,838,742,368.
EOS is a Blockchain platform that was designed for the development of decentralized applications. The project is perceived to be one of the key Ethereum competitors. EOS makes dapp development a breeze thanks to its operating-system-like set of services. It also offers functions that are useful for dapps.
The key idea behind EOS is to gather together the best features of the various smart contract technologies existent in one scalable dapps platform for everyday use.
As of now, one EOS coin’s price stands at $6.28. Its market capitalization is at $4,495,747,254.
The last, but not the least in our list of Top 10 Cryptocurrencies 2018, comes IOTA. IOTA is a unique cryptocurrency in its nature. It is a decentralized, open-source, and scalable distributed ledger protocol.
The key purpose of this project is to go “beyond Bitcoin” with the help of its blockless core invention called “Tangle.” Specifically, this innovation enables users to execute transfers without any fees.
The consensus of IOTA is no longer decoupled. However, it is a vital part of the system that allows for the existence of a self-regulated peer-to-peer network.
Now, the price of one IOTA stands at $1.41, with its market cap being $3,925,391,642.
Would you like to add any other coin to this list of Top 10 Cryptocurrencies 2018? Let us know!