Bitcoin’s Rival Cryptocurrencies That Are Growing Rapidly – 2018
Market Capitalization is the total valuation of the company based on its current share price and the total number of outstanding stocks, which is calculated by multiplying the current market price of the company’s share with the total outstanding shares of the company. For example: If a company has 1 million outstanding shares and the current market price of each share is $10, then its market capitalization is $10 million. i.e. 1,000,000 X 10 = $10,000,000.
The investment community uses this to rank the size of the company, as opposed to using sales or total asset figures. It also helps the investor to determine the returns and the risk in the share. Here in this article, we are going to discuss the Best Cryptocurrencies according to market capitalization and Bitcoin’s alternative to investing in 2018.
During these days Bitcoin is the top most cryptocurrency as per market capitalization. Its current market value is $13,678.40 and its market capitalization is $229,400,610,541. This market value varies time to time. But there are few more cryptocurrencies which are growing rapidly and could be taken as an alternative of Bitcoin for the investment and trading. Here is the list of
Top 20 Bitcoin’s Rival cryptocurrencies on which you may invest in 2018.
Ripple: Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network by Ripple. It is also called the Ripple Transaction protocol (RTXP) or Ripple protocol and built upon a distributed open source Internet protocol, consensus ledger and native cryptocurrency called XRP (ripples). Its current market price is $2.72 and market cap is $105,179,877,391.
Ethereum: Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. It was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer. Its current market price is $715.45 and market cap is $69,153,350,745.
Bitcoin Cash: Bitcoin Cash (BCC) is a cryptocurrency created via a fork of the Bitcoin network. This means that any user who held Bitcoin at the time of the fork (August 1st, 2017), now has an equivalent amount of Bitcoin Cash on the forked Bitcoin Cash blockchain. Its current market price is $2572.35 and market cap is $1,883,920,000.
Cardano: Cardano is a decentralized public blockchain and cryptocurrency project and is the fully open source. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. Its current market price is $0.581804 and market cap is $15,084,473,347.
Litecoin: Litecoin is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority. Its current market price is $233.49 and market cap is $12,733,182,426.
IOTA: IOTA is an open-source distributed ledger (cryptocurrency) focused on providing secure communications and payments between machines on the Internet of Things. IOTA was founded in 2015 by David Sønstebø, Sergey Ivancheglo, Dominik Schiener, and Dr. Serguei Popov. Its current market price is $3.42 and market cap is $9,513,136,961.
NEM: NEM is a peer-to-peer cryptocurrency and blockchain platform launched on March 31, 2015. Written in Java, with a C++ version in the works, NEM has a stated goal of a wide distribution model and has introduced new features to blockchain technology such as its proof-of-importance (POI) algorithm, multisignature accounts, encrypted messaging, and an Eigentrust++ reputation system. Its current market price is $0.983985 and market cap is $8,855,864,999.
Dash: Dash (formerly known as Darkcoin and XCoin) is an open source peer-to-peer cryptocurrency. Dash was originally released as XCoin (XCO) on January 18, 2014. On February 28, the name was changed to “Darkcoin.” On March 25, 2015, Darkcoin was rebranded as “Dash”. Its current market price is $1,069.63 and market cap is $8,325,561,318.
Stellar: Stellar is an open-source protocol for value exchange founded in early 2014 by Jed McCaleb (creator of eDonkey) and Joyce Kim. Its board members and advisory board members include Keith Rabois, Patrick Collison, Matt Mullenweg, Greg Stein, Joi Ito, Sam Altman, Naval Ravikant and others. Its current market price is $0.340525 and market cap is $6,081,421,168.
Monero: Monero (XMR), is an open-source cryptocurrency created in April 2014 that focuses on privacy, decentralization, and scalability that runs on Windows, MacOS, Linux, Android, and FreeBSD. Monero uses a public ledger to record transactions while new units are created through a process called mining. Its current market price is $348.66 and market cap is $5,418,527,778.
Bitcoin Gold: Bitcoin Gold is a hard fork of the cryptocurrency Bitcoin. The fork occurred in late October 2017, on block 491407. The purpose of the fork is to create an ASIC resistant Bitcoin, by reusing Equihash proof-of-work algorithm from Zcash. Its current market price is $264.75 and market cap is $4,430,670,490.
NEO: NEO (formerly known as Antshares) is a smart economy platform and the first Chinese blockchain project. The project was founded in 2014 and was real-time open source on GitHub in June 2015. It aims to develop a “smart economy” with a distributed network by utilizing blockchain technology and digital identity to digitize assets, and automating the management of digital assets using smart contracts. Its current market price is $66.16 and market cap is $4,300,315,500.
Qtum: Qtum (pronounced “Quantum”) is a blockchain technology and cryptocurrency designed to facilitate the interoperability of major cryptocurrencies such as Bitcoin and Ethereum, as well as to make smart contracts more secure and easier to handle. The project is being developed by the Singapore-based Qtum Foundation. Its CEO is Patrick Dai. Its current market price is $54.67 and market cap is $4,033,253,773.
Ethereum Classic: Ethereum Classic is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Its current market price is $28.46 and market cap is $2,810,002,855.
BitConnect: BitConnect coin (or BBC abbreviation) is a cryptocurrency, a token of the peering payment system BitConnect. Its current market price is $432.47 and market cap is $2,675,057,498.
Lisk: Lisk is a public blockchain platform that provides decentralized blockchain apps. It was forked from Crypti by Max Kordek and Oliver Beddows in early 2016. Its current market price is $20.66 and market cap is $2,406,111,653.
Verge: Verge is a digital currency that is designed for day-to-day use. The cryptocurrency is improving upon the blockchain of Bitcoin with an aim to provide. Its current market price is $0.139875 and market cap is $2,015,286,765.
Raiblocks: RaiBlocks is designed to be a low latency, high throughput cryptocurrency. RaiBlocks is pronounced like “ray blocks” and is named after Rai Stones from Yap. Its current market price is $12.44 and market cap is $1,658,035,112.
BitShares: BitShares is an open-source, public, blockchain-based real-time financial platform. It provides a built-in decentralized asset exchange, similar to NYSE but for cryptocurrencies and without the need to trust a central authority to handle all the funds, that can execute trading using an international network of computers in which anyone can take part. It has been designed by Daniel Larimer, an American programmer and entrepreneur, and launched in July 2014. Its current market price is $0.622770 and market cap is $1,623,125,451.
Zcash: Zcash is a cryptocurrency aimed at using cryptography to provide enhanced privacy for its users compared to other cryptocurrencies such as Bitcoin. The Zerocoin protocol was improved and transformed into the Zerocash system, which was then developed into the Zcash cryptocurrency in 2016. Its current market price is $526.08 and market cap is $1,549,623,851.
Disclaimer: Please note that, this article is only for the information purpose only and not a trading and investment advice. Do your own research and take expert’s advice before trading and investing. Find out if trading is legal in your jurisdiction. Trading in crypto currency carries a high level of risk, and may not be suitable for all investors. Therefore trade and invest at your own risk. We will not be responsible for the any risk involved in it.