Cryptocurrency

Top 10 Cryptocurrencies

In the last few years, the popularity of cryptocurrencies has grown exponentially in the world and every day, more people want to be part of the cryptocurrencies universe in order to take advantage of their popularity, to obtain good profits in a medium or long-term or simply to invest.

As expected, new virtual currencies appear on the market every day and the investment options are constantly growing as well. This makes that the decision of choosing one cryptocurrency to invest becomes more and more difficult due to a large number of options available in the market.

if you are looking to invest, trying to find other possibilities to increase yields, reduce risks with cryptocurrencies or you are simply just thinking of diversifying your investment portfolio, then we have for you a list with the Top 10 cryptocurrencies in the world.

Let’s begin!

Bitcoin

You’ve probably heard this name a couple of times before. Bitcoin is one of the favorite cryptocurrencies in the world due to its long trajectory. Bitcoin has been around for several years and it is considered as one of the first to appear in the market.

We must mention that the popularity of Bitcoin has grown in recent years as it has been sufficiently stable to withstand the falls of its price in the past. This currency ended the year 2017 with a market price of almost $20000. These factors have helped to make Bitcoin one of the favorite virtual currencies for investors.

Investing in this virtual currency is a guarantee that in the future you will obtain great profits and many happy moments.

Ethereum

This is another of the most popular cryptocurrencies options among the investors of the world. Its popularity can be compared to that one of Bitcoin, but it should be noted that Ethereum works in a completely different way from the one previously mentioned.

We have to say that Bitcoin is much more similar to a stock store and Ethereum is more like a digital asset that incorporates the cryptocurrency as a utility of value exchange in its internal network. Its price in the market at the end of 2017 ranged between $800 with a very fast growth. This is definitely one of the best options in the market for investors.

Ripple

Ripple is one of the fastest growing cryptocurrencies in recent years. Its popularity has grown so much that even well-known banks in Europe have relied on this virtual currency. This is ideal for investors who are looking to get great long-term benefits. It should be mentioned that its price in the market does not grow as much as others previously mentioned, but in the next few years you will be able to see the results.

Neo

Also known as the Chinese Ethereum, this is a relatively little-known currency in the market but has had a significant growth in recent months. Neo is based on the blockchain as well as Ethereum. Something that has called the attention from many investors is that it exceeded 500% of its price in the market during the last months of 2017.

Dash

This is a very good alternative if you are looking to invest in a very volatile cryptocurrency with great potential. Dash has been considered as the first decentralized autonomous organization and uses two levels in its architecture to boost the network.

Its market value is between $320 and $350. Investors who decide to use Dash are sure that if their price drops, it will recover its percentages in a very short time. These features make it one of the most promising currencies in this virtual universe.

Litecoin

This is a digital currency that has been characterized by achieving something that is very difficult in the world of Cryptocurrencies, obtaining little volatility and constant growth in recent years of nearly 7200%. Many have compared Litecoin with Bitcoin and have even called it as its “younger brother.

Investors expect that in the coming months there will be a platform that allows them to make transactions in a more efficient and fast way. At the end of 2017, its price on the market was approximately $320.

Monero

This is one of the alternatives most used by investors and that they can buy and then sell in the future when its price rises. This virtual currency has also become one of the favorites for those who want to do Mining since its initial investment is not very high and the market price for Monero is between $300 and $350.

Stellar Lumens

This cryptocurrency has had a significant growth in the last few years. Its strong technology implemented has driven this currency to achieve important deals with well-known banks and institutions around the world. Its growth and price in the market have exceeded 100% in the last 3 years. This is a very good option if you are looking for short-term results.

Namecoin

Namecoin is an alternative digital currency that uses the main features of Bitcoin, but it is also based on them by offering an identity system that allows people to use blockchain to store identity information. Anticipating scaling difficulties with this approach, a shared proof-of-work (POW) system was proposed to secure new cryptocurrencies with different use cases.

We should also mention that Namecoin has also been considered as one of the most innovative “altcoins” in the market. Namecoin it was the first Cryptocurrency to implement merged mining and a decentralized DNS at the same time.

IOTA

This is one of the most promising cryptocurrencies in the market. Investors speculate that in the not too distant future, the popularity of IOTA will become very similar to the one that Bitcoin has nowadays.

One of its greatest features is that its focus is oriented at Internet of things. Its price is relatively low as the IoT has not been able to establish itself in our lives but when that day arrives, its price in the market could rise.

In conclusion, on this list, we mentioned 10 of the best cryptocurrencies in the market that have a higher probability of profitability in a long-term period and those that can be taken into consideration when you think about investing.

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