Bitcoin is undoubtedly the most used cryptocurrency. Regardless, there are several other digital currencies available for trading in the crypto space. Below are the most popular virtual currencies, according to CoinMarketCap.
Bitcoin is the outright leader when it comes to cryptocurrencies this s because it has the highest trading volume, market capitalization value and number of active users than any other virtual currency. However, the coin has been performing dismally for the past 12 months, with its market cap dropping from a record $326 billion to $71 billion. Bitcoin is mainly used as a substitute for fiat money.
Live Bitcoin (BTC) Price:
1 BTC/USD =$9,173.3196 change ~ 3.46%
With a market cap of $14 billion, Ethereum is the second largest digital currency. The main application area for this coin is ICOs. It is also used to pay for services offered on the Ethereum blockchain.
Live Ethereum (ETH) Price:
1 ETH/USD =$206.2029 change ~ 2.09%
The XRP token is popular with banking institutions because it enables cross-border transactions. In fact, XRP is threatening to oust SWIFT, an international money transfer service that has existed since 1973. XRP currently goes for $0.31 and has a market cap of $13 billion.
Live Ripple (XRP) Price:
1 XRP/USD =$0.1965 change ~ 0.98%
Litecoin comes at number four with a market cap of $3 billion. The coin, which currently goes for $60, gained traction in the crypto community after featuring in a UFC boxing event. It is also acceptable in a renowned online kickboxing store. The developers of Litecoin label it as a more fungible, secure and scalable alternative to Bitcoin.
Live Litecoin (LTC) Price:
1 LTC/USD =$43.5189 change ~ 2.47%
Bitcoin Cash (BCH)
Since it split from the Bitcoin network, BCH has performed reasonably well. The cryptocurrency has a value of $158 and a market cap of $2 billion. It is usually accepted in outlets where Bitcoins payments are eligible.
Binance Coin (BNB)
From January, BNB has undergone a rapid rise, with it's market cap value growing from $700 million to $2 billion. The coin is primarily used to fund transactions done on the Binance crypto exchange. The coin is equally as popular outside the exchange, as Justin Sun recently called BNB the heir to Bitcoin.
Like XRP, Stellar was built for international payments. XLM is valued at $0.11 and has a market cap of $2 billion. The crypto was found in partnership with McCaleb, a co-founder of Ripple’s XRP.
Tether is recognized for being the first stablecoin in the crypto space. In the past, some have accused the developers of USDT of using the coin to increase the value of Bitcoin in 2017. Still, a substantial number of crypto investors use Tether because it is immune to the volatility that typifies digital assets. It is rumored that USDT will soon move to the Tron network.
When it launched in 2017, the crypto community had high expectations for the TRX project. It appears that these investors are still loyal to the coin, as it has a market cap of $ 1 billion.