Move over Bitcoin, Make Room for these Up and Coming, Top Ranking Cryptocurrencies to be Next in Line…
In 2009, something changed. When the emergence of the digital age of social media platforms and hyper connectivity, bitcoin was the first ever cryptocurrency born. Over the years, due to the open source nature of bitcoin's blockchain protocol – many started to realize they could create their own coin and build their own project – and thus altcoins were born.
While digital money is trying to stamp its print on the way we conduct ourselves peer to peer as well as business to business, different elements of what people wanted in their money began to arise and things like privacy or smart contracts or security began to were what new coins wanted to figure out and launch their own bitcoin-modeled coin/token.
As of May 2018, there are over 1,600 cryptocurrencies. With that kind of number, it is difficult to pinpoint which currency you should buy. The top three that everyone is looking at as far as daily exchange is of course; Bitcoin, Bitcoin Cash, and Ethereum.
But with so many digital currencies out there all pining for the chance to hit it big like Bitcoin, you have to ask yourself, which one is worth your investment?
We all know what the top cryptocurrency of them all is, but what about all the others trying to dethrone the long-lived king? Do any of them have enough activity and use cases to overcome all of bitcoin's current inadequacies (scaling, privacy, fees)?
The Top Cryptocurrency:
#1 Bitcoin (BTC)
When it comes to the three most trusted digital currencies you will find Bitcoin at the top of the list. Bitcoin will continue to be the emperor of crypto-currency thanks to its ever-evolving security and unbeatable blockchain technology. Bitcoin is sold for a whopping $9,864.91 for a single coin. The market cap for the currency is $167,875,484,436.
think in Decades not years pic.twitter.com/ZEZWfZU08R
— Justin Biontic (@Ju5tBitcoin) May 7, 2018
Other Coins To Keep An Eye On in the Top 15:
#2 Bitcoin Cash (BCH)
Bitcoin Cash goes for $1,783.64 for a single coin. Bitcoin Cash is very similar to Bitcoin seeing as it using the same technology like Bitcoin. Bitcoin Cash created August 1, 2017, has shown promise time and again with investors. Not to mention, Bitcoin Cash costs far less than Bitcoin and is looking to soar above Bitcoin shortly due to fewer fees per transaction.
#3 Ethereum (ETH)
The third big dog is Ethereum. With serious projects in the wings to expand this crypto-currency, it is no wonder it is popular among tech gurus like Microsoft. Ethereum crypto-currency is a beast nothing like Bitcoin Cash and Bitcoin with a market cap of $81,161,108,779. This crypto-currency isn’t going anywhere any time soon especially with its user price tag of only $817.71 per coin. The big news about Ethereum is whether or not the SEC will classify it as a security or not – expect a big price swing given either outcome whenever that is made!
#4 Ripple (XRP)
Ripple is used as a solution to high fees and with ever-increasing security. With over 75 financial institutions working with Ripple, you will find the investment with this digital currency worth checking out. And with a price tag of $0.876 per coin and a market cap of $34,315,511,569, Ripple may be the digital currency you have been looking for to get your feet wet, however gets much hate from the crypto community for being anti-decentralized and even non-blockchain ran.
#5 LiteCoin (LTC)
LiteCoin is up on the list of digital currencies to scout due to its ability to be processed four times faster than Bitcoin and cheaper rates due to the way it is mined allowing it to remain open for day traders on the fence. LiteCoin is also honored at Bitcoin ATMs and with a price tag of $171.12 per coin it certainly won’t break the bank. What makes LiteCoin so promising to become a leading competitor against Bitcoin is its market cap of $9,651,547,017 making it a keen investment.
#6 Dash (DASH)
As the name implies, Dash crypto-currencies allows transactions to be faster than the leading digital currencies. With a price of $490.02 per coin, Dash allows the hobbyist to get in the game of crypto-currency without too much risk. But with a market cap of $3,947,189,702 Dash is currency worth investing in, especially with a 0.12% increase within the last 24 hours.
#7 ZCash (ZEC)
When it comes to fierce competition, ZCash is striving to go mainstream and become the go-to digital currency for consumers worldwide. With a single coin costing $292.00 and a market cap of $1,126,364,131, it is making headway in the digital world.
#8 SALT Lending (SALT)
Unlike other crypto-currencies, SALT works with users by allowing them to deposit various digital currencies to receive real money through a loan. The means for which SALT is utilized explains the low price of the currency at $3.80 per coin and a market cap of $222,477,901.
#9 TRON (TRON)
There are several different crypto-currencies used for different platforms. Tron is one of those that has its eyes on the entertainment industry. Tron is determined to be the go-to for creators and consumers by protecting copyright material while reducing costs. With each coin coming in at only $0.0843 and a market cap of $5,542,198,273 it won’t be a surprise if Tron soon becomes the only way to pay for downloaded content.
#10 NEO (NEO)
Neo is a digital currency that is based out of China. This crypto-currency is in a state of constant flux due to China’s stance on digital currency. However, that hasn’t stopped the currency from being traded at $81.45 per coin and a market cap of $5,294,147,345.
#11 IOTA (mIOTA)
Selling and providing data is what IOTA does best. Since data and space are in such high demands for major corporations, it is no wonder IOTA has jumped on the bandwagon of digital currency. With each IOTA coin coming in at $2.28 and a market cap of $6,332,620,999 this digital currency is worth keeping an eye on.
#12 CARDANO (ADA)
One of those coins that just keeps hovering around, waiting in a moment's notice to explode out of the gates and be everything you hear it might be. While currently sitting around the $.34 price point after seeing highs of $1.28 back when peak-crypto was going on ($800B market cap), the ADA coin and Cardano blockchain project might be one of the best buys yet as cryptocurrencies continue to make a climb back towards all time highs.
#13 Monero (XMR)
The privacy coin as many investors like to refer to it is one of the harder to track digital currencies available on the market. But with each coin costing $235.21 and a market cap of $3,764,206,684 this digital currency is perfect for those who wish for a bit more privacy and security for their digital investment.
#14 EOS (EOS)
When it comes to competition, EOS is making waves with its zero processing fees. Of course with each coin only being $17.84 and a market cap of $14,961,183,859 it just might give Ethereum a run for its money.
#15 OmiseGO (OMG)
OmiseGo is based on Ethereum technology and blockchain. The purpose of this crypto-currency is to allow businesses to process digital payments easier and with less hassle. McDonald's and several other Asian countries have already jumped on board with OmiseGo making it worth the investment. Each coin is $16.83 with a market cap of $1,717,222,018, making it an easy and not so risky investment for the day trader.
#16 Decred (DCR)
Decred is one of the more power hungry digital currencies on the market. It was built to be sustainable and self-ruling. It is one of the few crypto-currencies that allow the stakeholders to make the rules for the currency. Coming in at $84.72 per coin and a market cap of $605,363,600, this is one investment worth dipping into for the long haul.
While digital currency seems to be all the rage these days, it is essential to make an educated decision based on research. Since the digital coins are still a relatively new concept, it is possible that they could implode and become worthless. Or the world could embrace this new means of currencies and do away with the old paper money. Only time will tell whether or not crypto-currencies are here to stay.
As one of the first pioneers put it the other day…
May 2018 will be the last time we ever see #bitcoin under $10,000
— Charlie Shrem (@CharlieShrem) May 3, 2018
…no matter how many coins out there, buying more bitcoin might be the best move to make in today's current climate of crypto-coin-craziness.