The immense scope and potential of various Cryptocurrencies in present market scenario make them a popular choice among the investors. However, availability of many options and lack of enough knowledge makes the choice extremely difficult. To be able to pick the best requires a thorough research and expert understanding of various cryptocurrencies.
Here we are discussing the top 7 cryptocurrencies of 2018 available in the market along with their history, price, and other important information to make it easy for you.
Bitcoin is one of the leading cryptocurrency of the market with a massive number of investors doing online transactions in Bitcoins. One of the benefits of Bitcoins is the fact that it is managed by a closed knit community, unlike the traditional financial players.
History: Bitcoin was first created by a developer under the pseudo name Satoshi Nakamoto in 2007. The first Bitcoin transaction took place in 2009 between Satoshi and Hal Finney, the cryptographic activist.
Starting Price: $ 0.0054
Current Price: $ 7350. 24
Market Cap: $125,997,893,514 USD
How and where to buy: Bitcoins can be stored and bought by creating digital wallets or exchanging them for another currency. These digital wallets vary in terms of platforms, features, and security.
After Bitcoin, Ethereum is one of the most popular and well-known Cryptocurrencies available and used worldwide. Ethereum operates with its own cryptocurrency called Ether. One of the highlights of Ethereum is the fact it allows users to create applications using the collective processing power of the platform in exchange for an Ether fee.
History: Ethereum was co-founded by Vitalik Buterin along with other anonymous founders. The idea of Ethereum origin was rooted in finding a solution for all the blockchain cases that lacked a specialized system.
Starting Price: $ 2.77
Current Price: $401.63
Market Cap: $39,595,161,040
How and where to buy: There are many different ways to buy Ethereum including-
- Directly from someone who already owns Ethereum by sharing the wallet’s address and paying them back via PayPal or intl. bank transfer
- Ethereum can also be bought by exchanging it for other cryptocurrencies using online cryptocurrency exchanges such as Poloniex or Shapeshift.io
- There are several other Ethereum services including Coinbase and Cex.io who sell cryptocurrencies including Ether
Litecoin (LTC) is another digital currency that is complementary to Bitcoin. It is a new-age Internet currency that enables instant payments to anyone in the world willing to invest in the cryptocurrency market.
History: Litecoin was created by Charlie Lee, a former Google employee and has been popularly promoted as the alternative to Bitcoins. The main focus of Litecoin founder was as to reduce the amount of time required to confirm a new transaction as well as change the Bitcoin mining algorithm to ensure anyone could participate in the network.
Starting Price: $ 4.35
Current Price: $ 122. 96
Market Value: $10.4 billion USD (as on 9 March 2018)
How and where to buy: Users can buy Litecoin by creating a Litecoin wallet followed by buying Bitcoins and then exchanging them to Litecoin on renowned exchanges like Polonix, BTC-e or Shapeshift. There are few exchanges that allow users to buy Litecoin directly as well.
Also known as Chinese Ethereum, NEO is the first decentralized open-source cryptocurrency and blockchain platform launched in China.
History: Neo was created by Da Hongfei, a renowned name, and CEO of Onchain and blockchain evangelist in China in collaboration with Erik Zhang, the co-founder,
Starting Price: $0.55
Current Price: $ 50.30
Market cap: $ 5.86 billion
How and where to buy: Neo can be bought by exchanging other coins, such as BTC, LTC, or ETH in exchange for NEO tokens. Alternatively, Neo Can be bought from the popular cryptocurrency exchanges such as KuCoin, Bitfinex, Bittrex, Yobtc, and Cryptopia.
Tether is yet another popular cryptocurrency of 2018 that brings the price stability of the dollar combined with the operational ability of a cryptocurrency.
History: Tether was created in 2015 and was originally called Real coin. The name behind the origin of Tether is Tether Limited, a company based in the British Virgin Islands. Tether allows the investors to send, store, and receive digital tokens individually, globally, and in a secure way at the much lesser cost.
Starting Price: $1.4
Current Price: $1.00 USD
Market Cap: $2,294,413,921 USD
How and where can you buy: To buy Tether (USDT) for funds from the respective bank involves a dual step procedure. The user needs to buy BTC or ETH from a reputed exchange that accepts deposits from either a bank account or debit card. The user can then transfer the newly bought cryptocurrency to a known marketplace that sells USDT in exchange for bitcoin or Ether.
Another upcoming and popular cryptocurrency of 2018, VeChain uses blockchain technology which is specifically dedicated to product management and supply chain cycle of various products. The main focus of VeChain blockchain is on Automobile, Medical & Healthcare, Agriculture, Logistics, and Liquor industries
History: The VeChain was founded by a nonprofit that was established in Singapore in July 2017. The main aim of VeChain is to provide solutions using the blockchain to track and monitor throughout all the stages of supply chain cycle such as production, importation, and distribution.
Starting Price: $0.335
Current Price: $2.87
Market cap: $1,507,389,248
How and Where can you buy: The easiest way to buy VeChain is by setting up a VeChain wallet, followed by buying Ethereum and then exchanging the Ethereum for VeChain at any of the known cryptocurrency exchange.
One of the most anonymous cryptocurrencies available in the market currently, Monero needs no introduction. Monero primarily functions using detailed cryptographic methods including, Ring signatures, Stealth etc that addresses the privacy concerns of its users
History: Monero was launched in 2014 and is considered as the secure and untraceable digital currency of the internet. However, there is not much information available about the creator of Monero. With an anonymous creator, the details of the transactions such as size, volume, sender, receiver etc are although recorded on a public ledger but are untraceable in nature
Starting Price: 2.375 USD
Current Price: 18.4 million XMR+ 0.3 XMR per minute
Market cap: $5.95 billion (as of March 2018)
How and where can you buy: Monero can be bought easily from various exchanges such as Changelly, Binance, Bittrex, Poloniex, Bitfinex, Kraken, Cryptopia, Livecoin, and LiteBit.
There is no denying of the fact that the future of cryptocurrency market is definitely promising. In fact, there are constant talks that these virtual currencies such as Bitcoins, Ethereum, Litecoin, NEO, Tether, VeChain, and Monero are the wave of the future due to the features such as being decentralized, transparent, and secure and hassle-free.
Note: Price of CryptoCurrency based on Day of Published Article. can if you are looking for companies for your next blockchain development which is best in your country.