Choosing the best coins for your crypto portfolio
Over the past 7 years, everyone who is interested in enrichment has at least once thought about that popular coins. In this article, we will dwell on these question in detail and tell you about the ten most interesting cryptocurrencies that will take you a few steps closer to financial independence. CopyRage will help you do this easily.
Coin Rating: How Does It Work?
The easiest and most popular way to find out how a particular cryptocurrency is beneficial to you as a holder is the CoinMarketCap website. You can go to the main page and see all the statistics you need. Of course, special attention should be paid to the first 20 or 10 coins.
Their rating is built from a variety of indicators, such as liquidity, expert opinion, rate stability, and ecosystem vitality. It is not necessary to go into statistical jungle: it is enough to monitor the rating of cryptocurrencies and their market value.
It is also worth paying attention to the fact that the first 10 coins bear almost 99% of the value of all cryptocurrencies.
We took the most famous coins, which may come out of the Top 10 tomorrow, but still remain interesting for investors and traders.
CoinMarketCap cryptocurrency rating for September 2019:
- Bitcoin;
- Ethereum;
- XRP;
- Bitcoin Cash;
- Litecoin;
- Binance Coin;
- Tether;
- EOS;
- Bitcoin SV;
- Stellar.
1. Bitcoin (BTC)
The coin, which opened the world of cryptocurrencies, for 10 years remains the leader of any ratings. It is minimal, but updated, developers are improving the blockchain, improving the speed of transaction processing, etc. Bitcoin is a dominant cryptocurrency market and there is hardly any coin that can move it.
2. Ethereum (ETH)
Ethereum is firmly in second place in popularity and market share. This currency finds its followers among the “sharks” of the business, such as Microsoft and JPMorgan, one of the largest US banks. The main “chip” of Ethereum is smart contracts that allow you to fulfill complex transaction conditions without an intermediary represented by a third party. Despite the fact that many crypto developers criticize Ethereum due to the complexity of scaling the project, so far the network has not encountered critical overloads and difficulties.
3. Ripple (XRP)
The Ripple coin is older than Ethereum and is designed to replace instant money transfer systems (such as Western Union). Now large financial companies (UBS, UniCredit, etc.) are collaborating with the blockchain project, which allows us to talk about the seriousness of the creators’ intentions. But many people in their sphere of cryptocurrencies do not consider XRP cryptocurrency, since it is not decentralized, and is no different from simple electronic money. And she does not have any mining.
4. Bitcoin Cash (BCH)
Bitcoin Cash is a hard fork of Bitcoin and at the moment, according to many experts, the fame of BCH is greatly exaggerated and its place in the top five is explained only by “kinship” with Bitcoin. This is due to the instability of the network and the “mirroring” of the coin itself in relation to the older brother. Currently, 17.95 million BCH has been mined.
5. Litecoin (LTC)
Charlie Lee, who can be the real creator of Bitcoin (Satoshi Nakamoto), created a Litecoin as part of “work on bugs” on the first digital currency. In the Litecoin blockchain, transactions are faster due to the increased block generation frequency — 2.5 minutes as opposed to Bitcoin 10 minutes for Bitcoin.
6. Binance Coin (BNB)
The coin from one of the largest cryptocurrency exchanges, Binance, is already called “digital platinum” and since the beginning of 2019 has entered the top 10 industry leaders, constantly jumping from the end of the list to the middle. At the same time, Binance Coin is an internal coin of the exchange and was created for transactions within the system.
7. Tether (USDT)
Tether is a stablecoin tied to the US dollar in a 1:1 ratio, which makes it more of a currency token than a cryptocurrency. However, it was his attachment to fiat that allowed the coin to get into the top ten most interesting currencies according to CoinMarketCap — such an idea came to the taste of traders, and the coin is in demand.
8. EOS
Dan Larimer, the creator of EOS, one of the most famous crypto experts, claims that the EOS blockchain is capable of processing an unlimited number of transactions per second, which makes it the most stable among the leaders. It is impossible to say how true this is at the moment, but EOS is indeed one of the most interesting in terms of ecosystem scalability.
9. Bitcoin SV (BSV)
The difference between this Bitcoin Cash hard fork is the increased block volume, which expands the network size and its scale. The infamous ecosystem creator Craig Wright calls BSV “true Bitcoin.” There are no fundamental differences from BCH, but the Bitcoin SV blockchain still found its users and that is why the currency often falls into the Top 10 cryptocurrencies, which indicates its instability on the one hand and potential on the other.
10. Stellar
Stellar is the same Ripple, only in profile. At one time, the project budded from the bankers’ coin and went its own way. Following Stellar, some members of the team left Ripple. The coin is good for its high transaction speed and its cheapness. Already managed to get cooperation with Microsoft and IBM. But they have the same problems as Ripple — lack of decentralization. But crypto-anarchists still value the XLM coin more than the XRP.
What to choose?
There is no universal formula for success and the only true cryptocurrency. Despite the fact that many crypto gurus respect Ethereum with high opinion, they also prefer to store their assets in Bitcoin. If the Ether-Bitcoin deuce is stable and is unlikely to change in the near future, the rest of the market is constantly changing and revealing new leaders.
We showed the most interesting cryptocurrencies at the moment, which are worth a closer look, but we also recommend that you regularly check the change of positions in the top twenty, as coins like Cardano and Tezos and others deserve no less attention and separate article.
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