What other giant cryptocurrencies do you know other than Bitcoin, Ethereum or Litecoin? Agree, 10 years ago, no one could have imagined that the 10 largest cryptocurrencies would have an aggregate market value greater than Procter&Gamble And this is the giant of American capitalism, remaining at the highest level almost since its inception in 1837.
If you want to be a pioneer in crypto investment and, of course, make good money on it, you need to regularly study the situation of not only Bitcoin and Ethereum, but also know other digital assets. That is why we have compiled a list of the largest cryptocurrencies by market capitalization, which are definitely worthy of your attention..
10. Tron [TRX] $ 1.93 billion
Opens our rating about the largest cryptocurrencies – Tron. Despite the fact that Tron has nothing to do with films or video games, it shares with these areas a common area of activity – entertainment. Tron presents itself as “one of the largest blockchain-based operating systems in the world,” or rather, a decentralized entertainment content sharing platform. With senior employees from tech giants like Alibaba Group Holding, Tencent and Baidu, TRX has become one of the most valuable cryptocurrencies in the world, largely due to its popularity in Asia..
It is important to note that users monetize and pay for content in TRX tokens. In the end, Tron is striving for such a development that will allow it to catch up and bypass the market size of such giant platforms as the App Store and Play Market.
9. IOTA [MIOTA] $ 2.42 billion
This cryptocurrency is used on the Iota open source distributed platform, which has very ambitious goals – to develop the Internet of Things “through microtransactions and embedding data into machines.” There should definitely be something special in this technology, since IOTA, which started only in 2017, has already climbed into the top ten largest digital currencies in the world. By the way, its investors like one important nuance. The system has already mined the maximum number of coins, which made the exchange rate less volatile.
8. Cardano [ADA] $ 3.39 billion
One of the most popular alternative cryptocurrencies was launched by Ethereum co-founder Charles Hoskinson. For the uninitiated, Ethereum is a widely popular and respected “crypto”, which confidently wins silver in the current cryptocurrency insanity olympiad (second only to bitcoin). But even the most expensive digital money is subject to strong volatility. So, since its debut in the fall of 2017, Cardano managed to “run” in the range of values from $ 0.02 to $ 1.28. Highest value was reached in January 2018.
ADA is interesting in that it focuses on smart contracts and claims to be the first blockchain platform to be developed according to a scientific philosophy and research-based approach. To buy Cardano, you need to download a special wallet, although Coinbase, for example, is already considering adding this currency to its platform.
7. Litecoin [LTC] $ 4.27 billion
Despite the fact that the price of Litecoin decreased by more than 80% compared to the peak of December 2017, this currency is still one of the largest in the market by market capitalization. Existing since 2011, LTC has now fallen to the level of $ 44 dollars.
Like most other currencies in this list, a lightcoin is attractive due to the absence of transfer fees and chargebacks. The total number of all lightcoins is also tightly limited by the amount of 84 million. Fifty-seven of them are already in circulation..
6. Stellar [XLM] $ 4.44 billion
Stellar has become one of the leading digital currencies on the planet with initially modest ambitions. XLM, one unit of which is called the lumen, was designed for backroom activities. Namely, the simplification of financial transactions between cryptocurrencies. The cost of services increases by a fixed 1% per year, which is much lower than the long-term annual rate even in the USA (2-3%).
Stellar prophesied and prophesied the prospect of being a replacement for Ripple, as the latter was heavily criticized for its centralized organization. Stellar, on the contrary, is decentralized and built on a consensus algorithm that makes transactions more “seamless”.
In July, Coinbase announced that it might add Stellar to the platform along with Cardano and a number of other rapidly growing blockchain projects..
5. EOS [EOS] $ 6.36 billion
The middle of the rating about the largest cryptocurrencies is EOS. This currency was developed by Block.one with the participation of Dan Larimer (co-founder of Bitshares and Steemit) and Brendan Bloomer – no less crypto-celebrity. EOS-coin was launched to provide Eosio, an open source decentralized operating system for software developers. But for this you need to own EOS coins.
In many ways, EOS is similar to Ethereum, since it is built on its basis with significant improvements. So, EOS does not require micropayments to perform actions on its software. This means that applications made with it can be completely free. Ironically, this has made cryptocurrency one of the most expensive in the world..
4. Bitcoin Cash [BCH] $ 11.95 billion
Bitcoin Cash is a kind of ugly duckling from bitcoin. This is a segregated currency that any BTC owner can claim from August 2017. Despite the constant “playing the second violin” under its namesake, BCH is without a doubt deservedly one of the five largest cryptocurrencies. He is often called one of the less volatile altcoins in the long run..
One of the main problems of everything that now begins with the prefix “crypto” is the inability of most projects to maintain their value. Bitcoin Cash is one of the stable projects that maintain a positive trend. In fact, it would be hard to fail when you start with a price of $ 555, lower fees and higher block size limits relative to BTC.
3. XRP [XRP] $ 16.54 billion
Sometimes mistakenly referred to as Ripple, the company that developed the XRP Ledger. Cryptocurrency XRP debuted in 2012 as a product that arose due to the needs of the enterprise. The main goal of XRP is to provide institutions such as payment providers and banks with greater security and convenience for international transactions..
Like many cool cryptocurrencies from this list, XRP has a great advantage in the form of liquidity, which will receive an additional impetus if it is accepted at Coinbase Custody (an institutional platform-oriented storage platform). Potential Addition News Released in August.
Former Ripple CTO Stefan Thomas touted XRP transactions as faster than Bitcoin (up to 1,000 times or more). No wonder this digital currency has now become one of the main alternatives to the ubiquitous BTC.
2. Ethereum [ETH] $ 41.12 billion
The rating about the largest cryptocurrencies, of course, can not do without Ethereum. Could you one day transfer car documents, mortgage loans and market shares to the Ethereum platform? The answer is not important, because the site itself sets such a goal. It, like Cardano, is built on smart contracts, and, like Eosio, allows you to develop new products on its basis.
The currency itself is essentially the fuel with which the system is set in motion. It is also an incentive for application developers. Unlike Bitcoin and several other cryptocurrencies from this rating, Ethereum does not have a strict limit on the number of ethers (a separate unit of currency). In August 2018, for example, more than 101 million ethers were in circulation, but it is still expected that the volume of ETH will grow.
1. Bitcoin [BTC] $ 119.98 billion
None of the cryptocurrencies from this list can even come close to bitcoin, which has driven the whole world crazy, in terms of popularity and market capitalization. Covered in the mystery of creation under the direction of an anonymous person or group of people, BTC is the embodiment of cryptorevolution. The decentralized principle of use, the absence of any control from the outside, people, companies and governments led to the fact that some states even perceived bitcoin as a threat to national security. And some went further and banned him.
The only way to create BTC is to “mine” it (mine – to mine minerals). About 17 million coins are currently in circulation, and about 4 million are left to the mathematical limit. The latest BTC is expected to be calculated by 2140. Bitcoin, of course, is the most popular digital asset and rightfully takes the first place in the rating about the largest cryptocurrencies by market capitalization.
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