If you want to know which cryptocurrency to invest in, we have got Top 10 Cryptocurrency List 2018 to guide you.
Let’s start with a brief introduction to the cryptocurrency.
The coins and banknotes you use are issued by central banks of respective countries to make transactions and that currency is under governmental control. While the Cryptocurrency is entirely digital, where transactions are recorded in encrypted ledgers and it works on the something called “blockchain” mechanism. The encrypted codes are used for online payments and money transfers. This currency is digital and is not approved by central banks which makes it non-regularized and out of the governmental control with no digital footprint.
Recently, the rush of cryptocurrency in the market has intrigued people to explore multiple ways to make, spend and store money. The secrecy of the personal information and non-traceable anonymity of the transactions through cryptocurrency has set the world on fire.
People in the black market are the great admirers of cryptocurrency but to keep the facts straight, a number of international websites and firms now accept cryptocurrency payments. If you want to invest in cryptocurrency in 2018 and don’t know where to go, let me show you the top 10 cryptocurrency list 2018.
Top 10 Cryptocurrency List 2018
We followed the ranking list of CoinGecko ( An authentic Cryptocurrency valuation website), where the ranking list is sorted by the price of cryptocurrency, its market capitalization, Liquidity and its developer, community and public interest. The figures are accurate as per July 2018. Latest updates can be fetched from CoinGecko.
Dash (Digital Cash) is an Altcoil platform which started in 2015. In 2017 with its more than $100m worth transactions and $4.8bn net worth, it has made its place in top 10 cryptocurrency list of 2018.
09. Tron (TRX)
Tron was founded by Justin Sun and it is one of the scale-able blockchain based operating system that offers the development of decentralized applications and provides the most suitable platform to execute the Etheruem smart contracts. It can handle about 2,000 transactions per second and it has the total market cap of $3.9bn with $0.039 price of its token.
Cardano is a platform that uses its token ADA to send and receive digital payments. It aims at running the decentralized apps on its blockchain just as the Ethereum does. Cardano platform is run by professional scientific and educationists in the blockchain technology and it is sometimes called Japanese Ethereum because more than 85% of its ICOs (initial Coin Offerings) were Japanese and it was founded by Ethereum co-founder Charles Hopkinson in 2017. Its unique infrastructure and its capacity to create 257 transactions per second make it stand out in the populous market.
It’s worth over $9.35bn according to CoinMarketCap estimates.
Its highly encrypted, anonymous and untraceable digital transaction services reserve its place in the top 10 cryptocurrency list 2018. It hides all information about the users and leaves no digital footprint by using a combination of ring signatures and stealth addresses. Monero is favorite to the advocates of citizen freedom and privacy.
It was launched in 2014, but recently it has shown quite an upsurge in its value providing a promising and trustable platform for people with intentions to invest.
NEO is a Chinese cryptocurrency which is also known as Chinese Etheruem because of its similarity to Etheruem’sblockchain network. It offers the platform for the development of smart contracts as well to launch ICOs. It was originally founded by Da Hongfei in 2014 as AntShares but it was just rebranded to NEO in June 2017.
It stands out because it supports multiple programming languages such as C++, Java and C# and it offers 10,000 transactions per seconds which are a lot to consider. But it is controlled by the Government of China and if under any circumstances, China decides to alter the policies, NEO can face serious consequences.
05. Litecoin (LTC)
Charlie Lee, a former Google employee introduced Litecoin in 2011 which works on the Bitcoin framework and blockchain. It takes only 2.5 minutes for transactions. Litecoin experienced a quick shot in its value in 2017 which has earned it a place in the top 10 cryptocurrency list 2018. Its price has grown from $4 in January 2017 to $350 in December 2017. After the cryptocurrency market crash in March 2018, Litecoin has increased its value by 50% in last month.
However, it doesn’t provide a platform for the development of smart contracts and it is facing great completion against cryptocurrencies which offer more secure and private services.
04. Ripple (XRP)
Ripple, owned by the same named company, is aimed at smoothing the International Payment Transfers and making international transactions smooth and cheap. Ripple was founded in 2012 and it is also rumored to own multiple companies. Different reputable institutes such as MIT now accept the payments in XPRs.
Ripple is one of the unique cryptocurrencies as with total 100bn XRPs, 50bn is owned by the company that owned Ripple which triggers the plethora of arguments over centralized concept of a completely decentralized phenomenon.
However, where typical international transactions take weeks, Ripple execute it in few seconds. Ripple has turned the stones recently in 2017 with $34.12 Billion market capitalization. It was also crashed in April 2018, but it has regained its speed of growth.
EOS launched its token through ICO in 2017 and it’s already breaking the records even before the official launch of its platform which is expected to commence in June 2018.
Dan Larimer, the founder of Bitshares and Steemit, is behind this competitive cryptocurrency fighting with NEO and Ethereum to hold a higher place in top 10 cryptocurrency list 2018. EOS is working to introduce a platform for the decentralized development of apps and smart contracts.
EOS is one of the cryptocurrencies which have survived the market crash of 2018 and with the expected platform launch; it surely has a bright and lucrative future.
02. Ethereum (Ether)
After such a long discussion about the significance of Ethereum and its blockchain, let’s talk clearly about it.
Ethereum is the second most popular and profitable cryptocurrency which is actually more than just cryptocurrency. It is based on a blockchain platform which allows its users to develop applications and smart contracts.
Smart contracts are actually coded agreements which automatically execute themselves upon the completion of pre-set conditions which means if you are thinking about developing an application that uses blockchain technology, you don’t need to trouble with creating your own blockchain, Ethereum’s blockchain can do it for you.
It has increased its value by 13,000% in last year and it’s the second best in the top 10 cryptocurrency list 2018.
Created by nobody knows who in 2008, Bitcoin is the first ever cryptocurrency. It creator uses the pseudonym of Satoshi Nakamoto. With its birth, the centralized ways of money transfer and transaction such as banks and credit become secondary to the people who love citizen privacy and have money to invest.
It’s easy to purchase bitcoin and you can pay money without getting your banks involved. A number of international firms such as Microsoft, Bloomberg and Expedia dot com now accept the payments in Bitcoins.
However, the slow transaction speed and high electricity requiring mining are hindering the scalability of bitcoin.