Top five cryptos are ranked based on their market capitalization by taking into account the price of each coin and the total supply available. Since many cryptocurrencies have just been released, they don’t have a maximum supply which would otherwise inflate their market cap. However, coins like bitcoin will reach its max supply once 21 million coins are mined which means that only then will market cap start to inflate. Coins that have just been released or yet to be launched, such as NEO and Tron (TRX) were given a maximum supply of 100 million in order to estimate how much they can potentially grow in the future when they actually reach their max supply.
*disclaimer: we are not financial advisors and this is not financial advice. The list might change over time since prices are constantly fluctuating*
Top 5 Cryptocurrencies 2018 (by market cap)
1. Bitcoin (BTC)
The first cryptocurrency ever released, bitcoin has the highest market cap out of all cryptos with 105 billion at the moment of writing this post. Being the most traded cryptocurrency, bitcoin has faced both positive and negative criticism but there’s no denying that it is still the top dog in crypto world.
2. Ethereum (ETH)
Originally invented with an intention of democratizing the digital world, ethereum is a decentralized platform with its own native token called Ether. The project was crowdfunded through an Initial Coin Offering (ICO) which raised over $18 million in Bitcoins. With a market cap of $48 billion, ethereum is the second largest cryptocurrency after bitcoin with various applications already released and many more to be expected.
3. Ripple (XRP)
With a market cap of $21 billion, Ripple is being backed by several financial institutions from around the world such as UBS, Santander and American Express to name a few. It has been adopted by banks so quickly because it supposedly facilitates cross-border transactions without any 8% fees. In addition to making cross-border transactions easier for banks, ripple also allows instant exchange between one currency and another – an innovation that truly simplifies international trade and finance management. For example, if an Indian company wishes to purchase a product from Italy, it’s now possible because the transaction speed is almost instant.
4. Bitcoin Cash (BCH)
Similar to bitcoin but with larger block sizes and a different mining algorithm, Bitcoin Cash was initially launched as a hard fork of Bitcoin Core which means that any previous holder of bitcoin automatically becomes an owner of Bitcoin Cash. It has a market cap of $41 billion at the moment and is being adopted by several companies such as BitPay and Coinify for payment processing. In addition to this, big exchanges like Kraken have already announced their support to trade BCH/BTC pairs.
5. Cardano (ADA)
Cardano is still in its infancy stage right now since it was launched less than a year ago, but it has managed to secure itself within the top five cryptos with an impressive market cap of $17 billion. Its founder is Charles Hoskinson who also helped build two cryptocurrencies before – Bitshares and Ethereum Classic. Cardano focuses on being interoperable so that it can be combined with other cryptocurrencies for optimized efficiency.
Other Notable Coins (from position 11 to 100)
Bitcoin Gold (BTG): $3 billion Dash (DASH): $1.8 billion NEO (NEO): $1 billion Stellar Lumens (XLM): $564 million Tron (TRX): $561 million Litecoin (LTC): $3.6 billion Ripple: 29th largest cryptocurrency Monero (XMR): 31st largest cryptocurrency
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