Crypto Table Shows A Periodic Table Of Cryptocurrencies Based On Types
Coin analysts seek to understand which coin is headed to the moon and which is about to vanish into oblivion. All crypto investors always have this question at the back of their minds. Recently, an innovative person decided to come with a periodic table for the crypto world.
The Various Categories
The table classifies 12 crypto coins as payment coins. Amongst these coins are BTC, LTC, DCR, BCH, NANO, DOGE, GAS, MONA, VTC, and ETN. Bitcoin reigns supreme, especially after its recent positive run. For about a month, it has been swinging between $8000 and $6,500. However, many analysts believe the breakthrough will be when it manages to stay about the $7800.
The other 11 crypto coins have fared well too. They do have some slight differences to the Bitcoin. For instance, LTC processes transactions 4X faster than BTC. The DOGEcoin is also doing quite well. It is becoming quite popular for internet tipping. However, most coins have seen little price change. Only DOGEcoin experienced a recent 21% spike in price.
Crypto platforms are amongst the most intriguing in the crypto world. The largest are ETH, NEO, QTUM, ECT, ZIL, and XEM. The first platform crypto project was Ethereum. It is also the most widely used crypto platform. Right now, 94 out of every hundred coins operate on the platform.
Besides Bitcoin, ETH has the highest market cap. However, EOS and NEO also rank quite high in the market caps. However, almost all platform crypto has seen a dip in recent times. Some of the coins have lost nearly 20% of their value.
These untraceable coins aim to provide users with more security and anonymity in the crypto world. The coins prevent third parties from learning how much a user has. This is different from what is found in semi-public ledgers. While Monero (XMR) and Zcash (ZEC) are popular privacy coins, there are others making their mark in this space. They include Enigma (ENG), NavCoin (NAV), and Bytecoin (BCN). The coins in this space have been consistently experiencing losses and gains with the general crypto market.
Gaming, Media, Social
Steem, Tron, and Basic Attention lead in this sector. Steem is the social currency created for use on Steemit. The Steem token has been quite stable for a while. Tron launched a mainnet to a lot of fanfare in May 2018. Most of these coins want to revolutionize how social media works.
In this category, Ripple and Stellar Lumens stand out. Ripple is, in fact, the third highest coin by market cap. Stellar Lumens has a focus on promoting social justice via equitable distribution of wealth.
Business And Enterprise
This category is home to projects such as Stratis and VEChain. The focus is on supply chain management to determine the authenticity of produces.
Protocols, Exchanges, And Interoperability
These are projects aimed at building infrastructure to exchange crypto and communication between blockchains.
These are crypto coins backed by real assets or pegged to fiat such as USD. This ensures they are great for long and medium investments.
These projects do not fit in any of the nine categories mentioned.