AtoZ Markets - The last quarter of the year 2017 has been marked as the all-time high of both cryptocurrency prices and the number of ICOs operating in the crypto space. Although the prices since then have cooled off, activity in the crypto market refuses to slow down, turning 2018 into a fundamentally important year. As per coinmarketcap data, the total market cap of all cryptocurrencies fell to around $130.7 Billion, down more than 80 percent since its January 2018 peak.
The market has been seeing a shift in sentiment, as well as developmental progress, that is setting up the market for another big alteration. It’s now hard to say, what will contribute the most for the next bull run, as so many things are going on the crypto market sphere recently.
This article will focus to outline the top 10 cryptocurrencies 2019, according to market capitalization. Also, you can have a look at the top 10 cryptocurrencies in 2017 & 2018, and compare yourself how the positions of the coin changed its position since then.
Top 10 Cryptocurrencies 2019 according to market cap
Even though trading volumes and prices have dropped significantly in the past year, the world’s top cryptocurrencies are working hard to make payments and peer-to-peer transactions easier and more adaptable. Here are the Top 10 cryptocurrencies 2019 by market Capitalization:
Bitcoin is still the leading cryptocurrency in 2019 with a market cap of $67.8 Billion, at the time of press. It is a decentralized digital currency without a central bank that could be sent from user-to-user on the P2P Bitcoin network without the need of mediators. It was developed by Satoshi Nakamoto and was released as an open source in 2009. The coin was created as a reward for a process called mining. Bitcoin has been condemned for its use in illegal transactions, high power consumption, volatility, thefts from exchanges, and the possibility that Bitcoin is a bubble.
Ether is a digital currency whose blockchain is generated by the Ethereum platform. The coin can be transferred between accounts and used to compensate participant mining nodes for computations performed. It was founded in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer. The platform went live on 30 July 2015, with 72 million coins, which was pre-mined before. This accounts for about 70 percent of the total circulating supply in the year 2018. Now, the coin holds a market capitalization of $14.6 Billion, at the time of press.
Ripple is a real-time gross settlement system which the financial institutions use for payments. It is a currency exchange and remittance network created by a company named - Ripple Labs Inc. The company claims to enable secure, instantly and nearly free global financial transactions of any size with no charges. It relies on a shared ledger, which is a distributed database storing information about all Ripple accounts. Currently, Market capitalization of Ripple is $13.2 Billion, at the time of press.
Eos is a blockchain protocol powered by the native digital currency EOS. The protocol emulates most of the characteristics of a real computer including hardware like CPUs & GPUs for processing, RAM memory, hard-disk storage with the computing resources distributed equally among EOS holders. Currently, Market capitalization of EOS.IO is $3.1 Billion, at the time of press.
Litecoin is a P2P cryptocurrency and open-source software project released under the MIT/X11 license. It is built on an open source cryptographic protocol and is not managed by any central authority. Litecoin was an early bitcoin spinoff or altcoin, starting in October 2011 by the ex-Google employee Charlie Lee. Currently, the Market capitalization is $2.7 Billion.
Bitcoin Cash or BCH is a cryptocurrency and a decentralized digital payment network. It is a hard fork of Bitcoin that took effect on 1st August 2017 that increased the block size to 8MB, to help scale the underlying technology of Bitcoin. On November 16th, 2018: Bitcoin Cash (BCH) was hard forked again and split into Bitcoin SV and Bitcoin ABC. Currently, Market capitalization of Bitcoin Cash is $2.3 Billion.
Stellar is an open-source, decentralized protocol for virtual currency to fiat currency transfers, which allows cross-border transactions between any pair of currencies. The Stellar protocol is supported by a nonprofit organization which is known as Stellar Development Foundation. Currently, the Market capitalization of Stellar is $1.6 Billion.
Tron will work in the same way that other content networks work: creators produce content and consumers buy it. Other applications can be built and leverage the same resources, and the value of TRX hinges in part on the execution of code within the Tron network. It is also a payment technology that aims to connect financial institutions and drastically reduce the cost and time needed for cross-border transactions. Currently, the market capitalization of TRON is $1.6 Billon.
The Bitcoin SV is a hard fork of Bitcoin Cash. The declared goal of the project is to realize the alleged vision of Craig Wright who claims himself as Satoshi Nakamoto. However, these claims are not reliable due to the lack of a proof of knowledge of the private keys which are controlling the first bitcoins. According to their website, the Bitcoin SV project is primarily backed by CoinGeek Mining, with development work by nChain. Currently, the Market capitalization of Bitcoin SV is $1.2 Billion.
Cardano (ADA) is a decentralized platform that allows complex programmable transfers of value in a secure and scalable way. It is one of the first blockchains to be built in the Haskell programming language. It is developing a smart contract platform which seeks to deliver more advanced features than any protocol developed previously. Most importantly, the coin uses a democratic governance structure that allows the project to evolve over time and fund itself sustainably through a visionary treasury system. Currently at number ten and holds a market cap of $1.1 Billion.
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