By | March 29, 2018
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Top 7 Crypto currency in the Market

Definition: These are the coins that we think are the most valid to invest in and explore for new coin users (not simply the coins with the highest market cap, value, or most relevance alone). With that said, any “best of list” is bound to have opinions in it, and this is true for this list as well. So do feel free to compare.Top 7 Crypto currency in the Market are as under.

Bitcoin:

Bitcoin is an easy pick.It is  on number one postion out of  top 7 Crypto currency in the Market It was the first major usable cryptocurrency, it has the highest market cap, its coins generally trade at the highest cost of all cryptocurrencies (about $225 USD as of June 2015… but as high as $5,000 during early September 2017). Despite the big increase in price, Bitcoin is the best choice for anyone entering the cryptocurrency space. It is the most familiar and invested-in coin, it’s a lot of things… primarily Bitcoin is the reason anyone is talking about cryptocurrency in the first place. You might not want to start a CPU-based Bitcoin mining company in 2017 or start buying coins for $5,000 a pop (which is fine since you can buy fractions of a coin)… but it’s still going to take 1st place on our list.

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Top 7 Crypto currency in the Market

Litecoin:

Litecoin is probably the second most important digital coin. It had the third-highest market cap as of June 2015, but today it sits closer to 7. Despite the decline, CPU mining is still sort of possible, people know what a Litecoin is, it uses essentially the same technology of Bitcoin, and it costs about 1/50th – 1/100th of what Bitcoin does (depending on the day). Really, a Litecoin is a lot like a Bitcoin before the whole ‘Silk Road‘ controversy, or as some people would say “a Litecoin is like a Bitcoin except with a value closer to what a reasonable person would expect a digital coin to have in a rational market.”

Ethereum: Is probably the third most important coin, if not the second. It doesn’t have the longevity at the top like Litecoin, but it is built on a system that other coins are built on. Most ICOs (Initial Coin Offerings) use ethereum. It has a less intimidating cost that Bitcoin, and has the second highest market cap. On that note, Ethereum classic is also notable. Ethereum is actually a spin-off (aka “hard fork”) from what isn’t today called Ethereum classic (like how our next up coin, Bitcoin cash, is a spin-off of Bitcoin.)

Top 7 Crypto currency in the Market

Ripple:

Ripple tends to have a steady price due to its large supply. It has had staying power over time. Its a popular and speedy alternative to Bitcoin that often is less volatile than other coins toward the top of the list.

Dogecoin:

Dogecoin (like the “Doge” internet meme about a dog and misspelling) had the 7th highest Market cap as of June 2015. In 2017 it is still a contender (sort of, this was more true early in the year). Individual coins aren’t worth as much as other coins on the list, but it’s value and popularity have remained relatively steady despite notable highs and lows. Dogecoin essentially uses the same technology as Bitcoin (with a few important technical distinctions to be fair). Like the failed Coinye West, Dogecoin was just in it for the lolz (ie it was created as a joke), but unlike Coinye, Dogecoin became inexplicably popular. Why do we suggest a joke coin? Because it’s a popular coin and today the only funny part about it is the name (and it’s mascot / backstory). Really, it’s a lot like Litecoin — a fairly priced coin with some degree consumer confidence. Dogecoin has, one might argue, turned their comedic origins into an excuse to make their coin “fun and friendly,” which was a smart long-term move. It’s also one of the only major cryptocurrencies with a .com Top-Level Domain name and is one of the few that attempts to reach an audience outside of techies and cryptography nerds. With that zany story in mind, as of September 2017 dodgecoin has really taken a beating in terms of value. One could argue that its roots as a joke coin wasn’t as great long term strategy as it had once seemed (although one could argue the volatility it has seen is just business as usual in the cryptocurrency space.)

 

Namecoin:

In 2015 Namecoin looked promising, here in 2017 there is a little less hype. Still Namecoin is notable. Namecoin is almost exactly the same is Bitcoin. It was the first “fork” of the Bitcoin software (ie. it’s based on Bitcoin and has the same unit cap, but has a few  tweaks as to how data is stored). Namecoin was originally just going to be an upgrade to Bitcoin, but people were nervous that it would pose issues. So Namecoin is basically Bitcoin, but like everything not-Bitcoin is worth just a fraction of Bitcoin. It’s solid background and reasonable price point make it a relatively good coin to invest in. Of all the coins noted so far, Namecoin has preformed the most poorly so far. It is still priced very low in terms of USD.

Darkcoin (Dash):

Darkcoin, known as Dash as of March 25, 2015 (dash=digital cash), but previously known as XCoin, is the most unique (functionality-wise) of the coins we have discussed so far. XCoin was developed by Evan Duffield who wanted to improve on Bitcoin but didn’t have the pull to do so and thus developed his own coin. Essentially, it uses less power to mine Dash than most coins. Using less energy to mine is important because mining coins is one of the most wasteful processes you can imagine. The wasteful mining process key to security and stability of all coins that use a “proof-of-work” system (it prevents people from mining too fast), but environmentally, it’s kind of a nightmare. Anyway, people know what a Darkcoin is… hopefully this familiarity rolls over to Dash. Back in 2015 Dash was one of the higher valued coins. Today that is still true and it has preformed just as well competitors like Ethereum. That means there are some Dash millionaires out there for sure. UPDATE: Dash really broke out in 2017 to be a contender for the top cryptos. Buying high is never a good idea, but averaging into a position in Dash long term is likely to be a smart bet. If you are looking for Bitcoin alternatives without the word Bit in the title, you could do a lot worse than Dash.

Now you know the Top 7 Crypto currency in the Market.

Top 7 Crypto currency in the Market

Top 7 Crypto currency in the Market

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