We are in 2018, and it’s the best time to study Cryptocurrency and plan for this year where to invest and where not to invest. Here, we will discuss the status of top 5 Best Cryptocurrency 2018.
The vehicles of Cryptocurrency are really moving fast. Bitcoin, one of the most popular Cryptocurrency trading company have been so successful in the past five years that it has bypassed any other investment like gold, the stock market, and real estate.
1. Bitcoin – The Internet of Money.
Bitcoin stands on top of the list. This cryptocurrency trading company was invented by Satoshi Nakamoto. You can buy 1 Bitcoin US Dollar by paying $14125.87 (10 December 2017) as its the costliest virtual currency in the market accepted and legalized in many countries. See the countries where bitcoin is legal and also countries where bitcoin is illegal.
CURRENT MARKET CAP: $238,134,316,580.54
EXCHANGE VOLUME: $8,964,946,331
Ethereum is a rising star of the cryptocurrency world. It has quickly the second largest digital currency in just over two years, booming in value and spurring the rise of hundreds of new rivals to bitcoin.
Launched in 2015, the value of ether (ethereum’s currency) has increased more than 6,800 percent since the start of 2017. Ethereum price for today (10 December 2017) is $449.4940.
CURRENT MARKET CAP $43,141,252,967.56
EXCHANGED VOLUME $1,083,281,511
Factom is a way to record entries by hashing the entries before adding it to the list. It allows for everyone to view the entries in the list and also to add onto the list but does not allow anybody to make changes to the list. Factom is very good in ensuring the integrity of data records through the creation of an immutable audit trail.
Factom price for today (10 December 2018) is $21.2824. It has a current circulating supply of 8.75 Million Coins.
CURRENT MARKET CAP: $187,735,043.92
EXCHANGE VOLUME: $7,216,739
Litecoin is a peer-to-peer cryptocurrency created by Charlie Lee. It was created based on the Bitcoin protocol but differs in terms of the hashing algorithm used. Litecoin uses the memory intensive Scrypt proof of work mining algorithm. Scrypt allows consumer-grade hardware such as GPU to mine those coins.
The transaction confirmation time taken for Litecoin is about 2.5 minutes on average (as compared to Bitcoin’s 10 minutes). The Litecoin network is scheduled to cap at 84 million currency units.
Litecoin price for today is $143.5991. It has a current circulating supply of 54.2 Million coins.
CURRENT MARKET CAP $7,760,808,653.19
EXCHANGE VOLUME: $945,723,874
5. Zcash/Monero (ZEC/XMR)
Zcash is a cryptocurrency that grew out of the Zerocoin project, aimed at improving anonymity for Bitcoin users. The Zerocoin protocol was initially improved and transformed into Zerocash, which thus yielded the Zcash cryptocurrency in 2016.
Zcash payments are published on a public blockchain, but users are able to use an optional privacy feature to conceal the sender, recipient, and amount being transacted. Like Bitcoin, Zcash has a fixed total supply of 21 million units. In the first 4 years, 20% of the coins created in that period are allocated to a “founders’ reward” shared between investors, developers, and a non-profit foundation.
Zcash price today (10 December 2018) is $315.4070. It has a current circulating supply of 2.8 Million coins.
CURRENT MARKET CAP: $880,702,396.32
Interested to discuss cryptocurrency? Don’t hesitate to leave a comment/feedback below.