The immense scope and potential of various Cryptocurrencies in the present market scenario make them a popular choice among investors. However, the availability of many options and lack of enough knowledge makes a choice extremely difficult. To be able to pick the best requires thorough research and expert understanding of various cryptocurrencies.
Top 7 Cryptocurrencies available in the market with History, Price
1) Bitcoin:
Bitcoin is one of the leading cryptocurrencies in the market, with many investors doing online transactions in Bitcoins. One of the benefits of Bitcoins is that it is managed by a close-knit community, unlike the traditional financial players.
History: a developer-first created Bitcoin 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: $ 38,147
Market Cap: $720,247,519,136 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.
2) Ethereum:
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: Vitalik Buterin co-founded Ethereum along with other anonymous founders. The idea of Ethereum’s origin was rooted in finding a solution for all the blockchain cases that lacked a specialized system.
Starting Price: $ 2.77
Current Price: $2570.28
Market Cap: $301,037,587,140
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.
3) Litecoin:
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 the Litecoin founder was to reduce the amount of time required to confirm a new transaction and change the Bitcoin mining algorithm to ensure anyone could participate in the network.
Starting Price: $ 4.35
Current Price: $ 183. 96
Market Value: $12,078,566,336
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. Unfortunately, few exchanges allow users to buy Litecoin directly as well.
4) Neo:
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: $ 52.78
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 popular cryptocurrency exchanges such as KuCoin, Bitfinex, Bittrex, Yobtc, and Cryptopia.
5) Tether:
Tether is yet another popular cryptocurrency 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 securely at a 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. First, the user needs to buy BTC or ETH from a reputed exchange that accepts deposits from a bank account or debit card. Second, the user can then transfer the newly bought cryptocurrency to a known marketplace that sells USDT in exchange for bitcoin or Ether.
6) VeChain:
Another upcoming and popular cryptocurrency VeChain, uses blockchain technology specifically dedicated to product management and the supply chain cycle of various products. The main focus of VeChain blockchain is on Automobile, Medical & Healthcare, Agriculture, Logistics, and Liquor industries
History: The VeCh.ain 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 the supply chain cycle, such as production, importation, and distribution.
Starting Price: $0.335
Current Price: $0.1
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 exchanges.
7) Monero:
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 address its users’ privacy concerns.
History: Monero was launched in 2014 and is considered 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 recorded on a public ledger but are untraceable in nature.
Starting Price: 2.375 USD
Current Price: $250.44
Market cap: $5.95 billion
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.
Conclusion:
There is no denying the fact that the future of the cryptocurrency market is definitely promising. In fact, there are constant talks that virtual currencies such as Bitcoins, Ethereum, Litecoin, NEO, Tether, VeChain, and Monero are the future wave 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 you look for companies for your next blockchain development, which is best in your country.