TOP — 5 cryptocurrencies on the planet: Multibot knows what to do with them…
Digital currencies are getting more and more inseparable from our everyday lives. Although some experts consider them a “soap bubble”, even the conservative SEC allowed American businesses to trade derivatives based on Bitcoin.
Regardless of the analysts opinions, the cryptocurrencies continue to excite a number of people. After all, this is an excellent way to generate high incomes. And you do not need to go far to find an appropriate example. Cameron and Tyler Winklevoss, Roger Ver, Charlie Shrem and many others after purchasing Bitcoin some time ago eventually became multimillionaires. To improve their wealth they had to do nothing — pure passive income!
However, because of its popularity and numerous ICO, the cryptocurrency is growing in number each and every year. But Top-5 always remains Top-5. So today we are going to talk only about the top five most popular tokens. To determine which is the most demanded in the world, we turned to Coinmarketcap info. We will also note that to work with all the leading cryptocurrency you can use our Multibot platform — a reliable trader’s assistant.
The very first cryptocurrency, which the world came to know about in 2009, was Bitcoin. And its creator is considered to be Satoshi Nakamoto. It is still unknown what kind of a person or group of people is hidden under this nickname, but the fact that he has long since retired is an indisputable fact.
In White Paper Bitcoin were registered the features of the cryptocurrency, due to which they can be used to perform payments on the Internet without intermediaries, control and commissions. At the core of Bitcoin there is the revolutionary technology of blockchain, which today is actively implemented into practically all spheres of human activity.
Because it was the first, Bitcoin is considered as the standard and the most common digital token in the world. It is often called “digital gold”. At the same time its proposal is strictly limited — in the world there can be only 21 million tokens — which pushes its price up: a limited supply with ever-increasing demand.
Bitcoin has an exchange ticker — BTC. At the time of writing this article, its value was $6 607 and the capitalization — higher than $110 billion. These are the highest figures on the market. That is why Bitcoin is considered the undisputed leader of all world cryptocurrency TOPs.
The second place in the list of popularity and capitalization belongs to the Ethereum cryptocurrency, which is traded on the exchanges under the ETH ticker. For the first time the Ethereum system started its work on July 30, 2015.
This digital currency is created for a platform specially developed for creating decentralized online services that operate on the basis of smart-contracts. Ethereum is sometimes called the “digital oil analog.” This name is based on the fact that ETH serves as a “fuel” for smart-contracts implemented in its system, which ensures stable demand.
Ethereum capitalization at the time of writing this article was almost $32 billion. The token itself was sold for $327. Despite the differences as well as the capitalization and cost level, Bitcoin and Ethereum are viewed as competitors in terms of investment attractiveness. Many experts are confident that after some time Ethereum will be able to surpass Bitcoin. However, only time will be able to solve this question for the crypto community.
So who is the third?
If the first two positions in the rating are steadily held by Bitcoin and Ethereum, the third place is the rolling trophy. Because of the market’s high volatility, the cryptocurrency and their frequent exchange rate jumps no cryptocurrency stay for a long time in the third place.
Today Bitcoin Cash is the one which gets the bronze medal — the cryptocurrency which came to be as a result of the Bitcoin system hardfork on August 1, 2017. It is considered as an alternative to the standard. On stock exchanges it trades under the BCC or BCH ticker. However, previously for several years the third and before that the second was LiteCoin, about which we will talk later.
Bitcoin Cash appeared because of the need to scale the system and because of the Bitcoin community ambiguity in solving this problem. After the hardfork many exchanges just gave Bitcoin Cash to Bitcoin holders as kind of a present.
At the time of writing, the cost of Bitcoin Cash was $ 1386, and capitalization — $ 21 billion.
At the moment of writing this, the cost of Bitcoin Cash was $1386 and its capitalization was $21 billion.
The fourth place
Today the Ripple (XRP) cryptocurrency turned out to be the 4th in TOP. It came around back in 2012. In terms of popularity it fell far below comparing with the competitors listed above.
Ripple is used in real time gross settlement system. It is also convenient for money transfers and currency exchange. Some experts believe that in the future the payment system Ripple will be able to compete with SWIFT. Many of the world’s largest banks and well-known corporations already cooperate with it today: Mitsubishi UFJ, BBVA, UBS and Santander, etc.
Winning the fourth place in the rating Ripple helped the capitalization that increased to $8 billion. This digital currency at the time of writing this cost $0.2.
The last leader
Today Litecoin (LTC) is on the last place in the rating of the five most popular cryptocurrencies. Sometimes it is also called “digital silver”, and it was launched on October 12, 2011.
Today this is the most popular Bitcoin fork. It was one of the first to activate the SegWit protocol in the system. The cryptocurrency is used in the peer-to-peer electronic payment system.
Of all the cryptocurrency Litecoin known for the most stable rate. At the time of writing the article it was sold for $61, while its capitalization was slightly more than $3 billion.
Some final remarks
Despite the divergent experts views on the cryptocurrency account, one thing is clear: they have already become an integral part of the finance world. However, market instability and sharp price jumps make this tool of investment and trading extremely risky.
Of course, we can wait for the time when the market itself starts to counterbalance itself. But when will it happen? And for what reason anyway? Volatility is a real expanse for an experienced trader. Especially if there is a reliable tool for market analysis.
That is why we decided to create a Multibot service designed for automated cryptocurrency trading. Our platform is able to operate with all known and the most popular cryptocurrencies in the world, giving a user positive result even in such volatile market conditions.
Multibot is a great helper for any trader and crypto enthusiast!