Popular cryptocurrencies

There are a huge number of cryptocurrencies in the world today that actively share the financial market with its traditional attributes. Every year, the list is updated with new ones, as digital money is no longer something mythical and unexplored.

Today, virtual currencies can be used as traditional financial vehicles to enable related transactions. However, of all the variety on the market, few are truly popular.

Bitcoin

Bitcoin was created in 2008 and since then it is the most famous cryptocurrency in the world. What’s more, it is the equal of the rest, and its capitalisation has surpassed the $140 billion mark. A single bitcoin is now valued at nearly $8,000. The digital currency is receiving increased attention from investors.

Despite its popularity, bitcoin is still often the target of increased scepticism from financial analysts. While many are eager to get their hands on the asset, the threat of losing all their savings is still present.

Ethereum

Ethereum, or simply ether, is the second most popular cryptocurrency in the world. Today, its capitalization has reached about $44 billion. The virtual currency is a major competitor to bitcoin, although it has never caught up with it. Ether was launched in 2015.

Some financial analysts favour this particular cryptocurrency. It is seen as the most promising and confident compared to bitcoin. The ether blockchain scheme is one of the tops in the virtual world.

Litecoin

Litecoin acts as a fork or, in simple terms, a derivative of bitcoin. The creation of the cryptocurrency dates back to 2011. It is considered to be something of a silver medalist in the crypto rankings. However, this is a controversial opinion, given the demand for ether, which is also significantly higher in demand and capitalisation than bitcoin.

In terms of trading turnover, the virtual currency ranks only 6th. However, experts note the huge potential. In their opinion, LightCoin is one of the most promising cryptocurrencies of our time.

Bitcoin Cash

The cryptocurrency acts as a derivative of bitcoin and has been in operation since the summer of 2018. Its receipt is due to the fact that new bitcoin blockchain rules have been introduced. So the two cryptocurrencies have almost a common history, however, they are now different assets and therefore have different capitalisation. The figure in terms of derivatives is currently around $27 billion. Due to this, the cryptocurrency ranks 4th in the crypto ranking.

Monero

The peculiarity of Monero is that the cryptocurrency has the highest level of anonymity of the payment system currently existing in the world. It was created in 2014. It is based on the original CryptoNote protocol.

Despite a number of advantages, the cryptocurrency is considerably less popular than others. It is not in the main rankings, which spoils the picture. On the other hand, this attitude makes it possible to mine Monero right from your home computer.