Cryptocurrencies revolutionized the whole world of exchanging
currencies. In 2019, it has become a common thing to exchange cryptocurrency.
Today, there are many companies which even accept crypto as a payment method.
But this one not like this in the earlier days.
Even after a few years later after the launch of first
cryptocurrency people did not know a little thing about cryptocurrency and
there was no news about it. But in recent years, the surprising boost came and
it became so popular that some countries are thinking of making it legal even
the Cryptocurrency
market valuation is increasing every day.
Nowadays, cryptocurrency is a pretty common term which can be
heard or seen whenever there is a discussion of payment systems going on. But
since Hundreds of cryptocurrencies exist in the market today, it becomes very
complicated to choose the right one.
Don’t worry; we will help you with this. We will discuss
about the top 5 cryptocurrencies according to their market capital.
Bitcoin (BTC):
According to bitcoin price analysis online,
its current market cap is around 69 Billion Dollars. Bitcoin is said to be the
leader of all the cryptocurrencies and there is nothing that can prove this
statement wrong.
If there is a talk of about cryptocurrencies than bitcoin
will come on everyone’s mouth. It was the first virtual currency which started
this revolution and made a way for other cryptocurrencies.
People think that bitcoin is not going to leave its first
place ever because its market cap is almost double from its nearest
competition.
Ethereum (ether):
Some people also think that Ethereum will take the number one
place in a few years, why?
Because no matter how good bitcoin is, but without having a
flexible nature it cannot be the favorite tool of all the developers and
investors.
Bitcoin can only be used as a payment system; it does not
give any development permissions.
Ethereum is cool in that way. It is a platform based on
blockchain (same as bitcoin) which allows the development of contracts and
decentralized applications. Ethereum might be behind the bitcoin in terms of
the market cap but if we see the Ethereum Price Forecast online it is actually
doing really good. In addition to that, it has better functionalities.
Its current market cap is around 15 Billion Dollars
Ripple (XRP):
Ripple is not just a Cryptocurrency; it is a company too. The
Cryptocurrency is known as XRP. The block chain system which ripple uses is
different from bit coin and ether as unlink both of them XRP is completely
owned by the company Ripple.
It is also a digital-payment processing system which gives
its services to banks and other financial institutions. It allows faster
transactions allowing more than thousand transactions per second. Its current
market cap is around 13 Billion Dollars
EOS:
Making its way to the 4th spot is EOS, it is a decentralized
operating system which is based on the blockchain. It is similar to Ethereum.
It provides all the functionalities to developers to develop decentralized
applications. Millions of transactions can be done in seconds through it. Its
market cap is around $3 billion.
Bitcoin Cash:
Bitcoin cash is another cryptocurrency which is related to
the bitcoin. People get confused between bitcoin and bitcoin cash. Bitcoin cash
was a result of a hard fork in the blockchain. Hard forks happen because the
blockchain gets filled up quickly making it slow, so, this happened and hard
fork created a separate block through a condominium masternode setup in the
blockchain with a new cryptocurrency called Bitcoin Cash. Its blocks size is
smaller like the bitcoin. Its market cap is around 2.5 billion.
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