The most popular cryptocurrencies


#1

Although bitcoin and ethereum tend to dominate the headlines when it comes to investing in cryptocurrencies, there are around 1,500 crypto-assets in circulation, with more added all the time

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Each cryptocurrency has a slightly different make-up and function from the people’s favourite and bitcoin is the number one cryptocurrency in the world

Here are some of the most popular cryptocurrencies in circulation today

1 BITCOIN

The original and most widely used. There are currently more than 16.8 million bitcoin tokens in circulation, against a present capped limit of 21 million.

Bitcoin’s market capitalisation varies significantly from day to day but has hit a record high of more than $200bn.

It remains the poster-child for the cryptocurrency industry, though critics suggest that its volatility, slow speeds, energy usage and higher transaction fees will put a limit on its growth.

2 BITCOIN CASH

This offshoot of the original Bitcoin, which launched in the summer of 2017, has already soared to become one of the most traded cryptocurrencies.

A little like a share split, there is now approximately the same amount of bitcoin cash in circulation as bitcoin. Nevertheless, there are key differences – most notably, bitcoin cash has an 8MB block size compared with 1MB for the original bitcoin.

This means faster processing speeds, but on the downside it is more memory-intensive.

3 LITECOIN

Known as “bitcoin’s little brother”, litecoin resembles its older sibling in that it is a peer-to-peer cryptocurrency, but has faster transaction speeds as well as a substantially higher token limit of 84 million.

However, its mining process is more memory-intensive and its market cap is around 1/20th of the size of bitcoin.

4 DOGECOIN

This is a cryptocurrency largely recognisable for its image of a Shiba Inu dog derived from the “Doge” internet meme.

Initially introduced as a parody currency, it now has its own online community. At the start of 2018, Dogecoin saw its market capitalisation reach $2bn.

5 ETHEREUM

Ethereum has been labelled a “decentralised app” provider. Originally developed as a “world computer” super network, it aimed to get rid of the need for third-party companies such as Apple in the creation of apps.

The apps developed on Ethereum are on a distributed public platform where miners can earn “ether” to fuel the network.

There are still other widely known coins that i never mentioned here,but bitcoin is just it all in the world widely known and used globally.
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#2

In next few years, some good coins will emerge which are already in the market but still workinv on development rather than creating the unnecessary hype.