Today, digital currencies are trending due to the far-reaching popularity of Bitcoin – the first cryptocurrency in existence.
As of 2019, Bitcoin fever still lingers, and there are over 1700 cryptocurrencies, with new ones being created each day. Despite their great number, however, there are actually only 5 cryptocurrencies that hold a major chunk of the crypto market, which is valued at around $300 Billion.
Here’s a list of the Top 5 Cryptocurrencies By Market Capitalization:
1) Bitcoin (BTC)
As Bitcoin was the first cryptocurrency in existence, it naturally holds most of the crypto market’s capitalization (well, so far!). In 2019, it had a market cap of $205.4 Billion; each BTC was valued at around $10,300.
To dethrone Bitcoin from its top position, competitor currencies are constantly trying to develop more advanced services with faster transaction rates.
2) Ethereum (ETH)
It is a platform that was introduced in 2015 and allows users to create their own coins or tokens. Users can even build their own blockchain-based apps or products through Ethereum.
As of 2019, Ethereum had a market capitalization of $20.7 Billion and each ETH cost around $194.67.
3) Ripple (XRP)
It is a global payment network that was unveiled in 2012. It aims to connect banks and payment providers by offering them quick, feasible transaction services.
In 2019, it had a market capitalization of $11.2 Billion. Although each XRP only costs around 0.25 cents, it has great market cap because of the immense volume of assets that are circulated in the market.
4) Bitcoin Cash (BCH)
It is a spin-off of Bitcoin that was launched in 2017. It aims to provide a secure, fast payment network to users without any volume/number limits on transactions.
It had a market capitalization of $5.6 Billion this year with each BCH costing around $315.35.
5) Litecoin (LTC)
It is one of the more ‘ancient’ cryptocurrencies around, as it was one of the first ‘Altcoins’ to be released after Bitcoin.
It was launched in 2011 and now has a market capitalization of around $4.6 Billion. Each LTC is worth approx. $73.56.
Along with these 5 big players, it’s important to keep an eye on other cryptocurrencies as well, for you never know which one might stake its claim at the top over the next few years!
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