Which are the top 10 most popular Cryptocurrencies in the world today?
Crypto-Currencies have become one of the most trending topics of discussion around the world.
The sudden burst of popularity of this digital currency like bitcoin might make you doubt its legitimacy or give you the feeling that its too good to be true.
To clear your doubts, the most popular cryptocurrencies in the world have been around for more than a decade, and if you are up to date with current trends, there is no doubt that digital currency has come to stay.
The daily advancement of technology even makes it more dependable and safer to engage.
If you are looking to trade in cryptocurrencies, or you need information about the latest trends in Crypto-Currency, you have landed on the right page.
The 10 Most Popular Cryptocurrencies In The World
In this article, you will be enlightened on the most popular types of cryptocurrencies in the world with other information you need to know about some of these digital currencies which are worth a whole lot.
Here is the latest information about the most important cryptocurrency list today.
Related: What are cryptocurrencies? A quick guide for beginners
10. Tezos (XTZ)
Tezos, which is also referred to as XTZ is not just digital currency but also a digital token which allows owners of the token (Investors) access to reward depending on amount invested.
Despite having a very promising beginning as a blockchain network, it went through a lot of highs and lows resulting from delays, branding, legal issues involving other digital currencies and so much more.
The digital currency, however, made it out alive to become one of the most popular cryptocurrencies in the world.
Tezos has seen considerable success in recent times and just within a year, the price of the digital currency tripled by 2020.
According to the history of the Tezos, it is a huge feat because Tezos never attained such high heights.
Like many examples of Crypto-Currencies that you can find out there today, Tezos is recognized as a decentralized ledger which utilizes block chain technology to execute transactions.
According to its name in Greek, which means Smart Contracts, it allows users or investors to get full control of their investments.
This makes it one of the best and safest cryptocurrencies around today, a factor that allows the investor’s minds to be at rest when doing transactions.
It is one type of Crypto-Currency that has proved to be flexible and scalable ever since its introduction into the cryptocurrency market. It is the 10th most popular cryptocurrency in the world.
No doubt, digital currencies are changing the way things are done. Jeff Bezos, one of the richest people in the world, has been rumored countless times to have invested in Bitcoin.
Plus, Binance CEO Changpeng Zhao has been quoted saying that he expects Bezos’s online retail giant to be the catalyst for the next Bitcoin bull run.
9. EOS (EOS)
EOS is self-acclaimed as one of the most powerful Crypto-Currency in terms it’s sophisticated infrastructure for decentralized applications.
These decentralized systems are solely focused on blockchain technology which allows its operations such as hosting, developing, executions of transactions that are commercially inclined, through its platform.
Despite not having a certified or official form, it still manages to feature among the most popular cryptocurrencies in the world.
This platform is set up with the latest and up-to-date features that allow investors to trade easily, such as the web tool kit, that allow the platform to be registered and run smoothly on the platform through the Google play store or Apple’s app store. Read more about us regulated binary options brokers.
8. Biance (BNB)
BNB also called the Binance coin was launched with the sole aim of scaling down on transaction fees which seemed to go through the roof in other digital currencies available in the market.
BNB has done that in style by burning a portion of tokens, just to make transactions with digital currencies easier and cheap.
This act shot them straight into the limelight, giving them a place among the most popular cryptocurrencies in the world.
This has also affected the growth of the cryptocurrency, with a token price of $17 and Capitalization of $3 billion.
The digital currency became so popular when it introduced a 50% discount to its prospective customers in its first year of operation, 25% discount in the second year and so on.
This made investors seize the golden opportunity to invest and make an incredible return of investment through the booming market of Binance.
The popularity of the cryptocurrency gathered much more momentum when it secured deals with other multilateral companies like the Asian streaming company called Uplive.
Related: Top 10 Best Apps for Trading Crypto In Nigeria
7. Litecoin (LTC)
LTC also known as Litecoin was setup using a base model of Bitcoin but is however meant to be an alternative to Bitcoin itself.
Bitcoin can be seen as a gold coin while Litecoin is a silver coin in terms of digital currency. This digital currency was created by Charlie Lee who was an Ex-Google engineer.
The operations of Litecoin is solely based on the open-source e global payment network, but in this case, with no central authority in control.
It became one of the most popular cryptocurrencies in the world as a result of its higher rate of generating Litecoin and also because of the presence of evidence of work scheme through the use of Scrypt.
Also, as a peer to peer currency, it tends to pull more crowd in, since it is a digital currency with a great presence on the internet.
This digital currency is also great because it tends to improve or eliminates errors or defects in Bitcoin, thereby earning valuable support from other big corporations in the industry through high trade volumes through the years.
6. Bitcoin Satoshi Vision (BSV)
Bitcoin Satoshi Vision (BSV) is a digital currency that was developed in order to decongest the number of people on the Bitcoin market.
BSV was however created after its sister digital currency called Bitcoin Cash. It is today, one of the most important Cryptocurrencies in the world.
The eventual creation of BSV has, therefore, made both cryptocurrencies direct competitors, while also dragging a few legal issues between themselves.
The other aim of creating the cryptocurrency was to revive the values of the Bitcoin, which used to be decentralized by utilizing digital currency as a payment mode and trading currency, while also improving on the cryptocurrency capabilities.
Some of the benefits that BSV provides investors is the fact that its block which has a size of 128MB assist in scaling network, thereby providing means for more transaction rates processing.
It’s transaction cost is also reduced to allow for more investors and Inflow of exchange and trades on the network.
5. Bitcoin Cash (BCH)
BCH is the sister cryptocurrency to BSV and have been involved in a few legal battles over the years due to conflict in operations and market.
Bitcoin cash was invented by Bitcoin miners and developers who task themselves with making a future for cryptocurrency by improving its scalability.
The digital currency was set up and launched in 2017 when the developer finally launched a hard fork.
This made the cryptocurrency have its private blockchain and specifications. It seems to be better than Bitcoin in terms of scalability with an increased blockchain size of up to 8MB. This helps in increasing the speed of the verification process.
Because of these excellent features, Bitcoin cash effectively process transactions at a much higher rate than its mother cryptocurrency, Bitcoin.
This ensures that investors won’t have to wait for so long to process transactions while also reducing the transaction rates.
These factors made the company become one of the most popular cryptocurrencies in the world. Despite all of its benefits, there is one downside to Bitcoin cash.
It’s a bigger size of blockchain that makes it vulnerable to breach of security of the network but this has not affected its market cap and its liquidity.
4. Tether (USDT)
This is one digital currency whose operation also involves the conventional currencies such as Pound Sterling, Japanese Yen and Dollars.
The cryptocurrency trades under the acronym USDT. It is one of the recent digital currencies that made an influx into the digital trading world in 2017, and ever since then, it has been pulling down strongholds in its way.
Tether is usually used as a means of exchange between one Crypto-Currency to the other, as a means of savings rather than the usual form of investment that other digital currencies are used for.
Tether is one of the most stable currencies you can find on the digital market today. It doesn’t allow for sharp hikes or drops in value like seen in other cryptocurrencies.
Tether is very transparent in their operations, offers stability to customers or investors, and maintain minimum fees for each transaction on the platform.
3. Ripple (XRP)
XRP is a crypto-currency also known as Ripple that mainly acts as a point of connection to many other cryptocurrencies.
The fact that this digital currency does not allow any form of discrimination against any cryptocurrency or traditional currency for trading makes it one of the best you can deal with today.
Each of the currencies available on the platform have their own unique kind of gateway in which transactions are executed.
This helps to make transactions easier without any form of congestion or processing time. Some of the prominent gateways you can find on the platform include CADBluzelle, BTCbitstamp, and USDsnapswap.
These characteristics of the cryptocurrency makes it attractive to a whole bunch of investors, thereby earning a place among the most popular cryptocurrencies in the world.
Many transactions on this network depend on what they refer to as a consensus protocol that functions to validate accounts and transactions.
2. Ethereum (ETH)
Ethereum is another peer-to-peer network of virtual machines that was created and launched in 2015. This cryptocurrency is a blockchain-based one, which has operations stemming from its decentralized platform.
The platform allows transactions to be executed through smart contracts and distributed applications also known as Dapps.
The digital currency is one that is strictly secured to prevent any form of fraud, something which plagued the company during its initial launch.
Ethereum is a cryptocurrency that was set up by a non government and a non-profit organization known as the Ethereum Foundation.
This foundation promises operation efficiency and workflows. Ethereum is also a network that developers can utilize when intending to run distributions.
Because it is decentralized, it can execute contracts without requiring a third Party while also storing and protecting information. It is the second most popular cryptocurrency in the world.
1. Bitcoin (BTC)
The top notch digital currency among the most popular cryptocurrencies in the world is the almighty Bitcoin.
Most people believe it is as popular and effective because it is the pioneer of digital currency.
That regardless does not stop Bitcoin from being No 1, even with any reason you might want to attach to its dominance over its peers.
This is a super cryptocurrency that was created and launched by a certain Satoshi Nakamoto whose identity is still unknown to date.
Whoever the guy is, he is certainly one heck of a genius to introduce such a wonderful idea into the trading, business, or commercial world.
This is a digital currency that is operated by decentralized systems, unlike traditional currencies we spend daily.
As you might already know, all transactions concerning Bitcoins like other cryptocurrencies are all done on the digital dimension.
This digital currency is so popular that many people think Bitcoin is the general name for all cryptocurrencies.
Of the total 8% of people who invested in cryptocurrencies in the United States, over 5.5% of them invested in Bitcoins.
It is just a notch above the rest in terms of quality of service, the efficiency of the process, transaction time, security; you name it. Bitcoin is the most popular Cryptocurrency in the world.
World’s Most Popular Cryptocurrencies (Summary)
Cryptocurrencies came in swiftly and took the commercial market by storm, and we are all still recovering from that storm.
This is solely due to the success rate it has had, how easy it made trading and exchange look, and how it is setting up a future of trading where conventional currencies like the Dollar, Pound Sterling, Japanese Yen, and others; will be edged off.
The most popular cryptocurrencies in the world today is a real reflection of the longevity, attractiveness to investors, quality of executing translations, transaction charge, and many other influential factors in trading.
Though it is necessary to trade wisely through these platforms, cryptocurrencies are the future of investment and the commercial means of exchange.
If I were you, I’d start dealing with any one of these digital currency list.
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