Top 10 Most Popular Cryptocurrencies

Today, the capitalization of the cryptocurrency market has exceeded 700 billion $. The top ten popular cryptocurrencies for 2018 are formed by the level of capitalization.

1. Bitcoin

"The locomotive of the crypto market", "Digital gold" - this is how experts in the cryptocurrency market often describe Bitcoin. The official start is considered to be the date of the first transaction on January 3, 2009. The creator is unknown, and the pseudonym of the developer(s) is Satoshi Nakamoto. There are different opinions about who is hiding under this pseudonym. It could be intelligence agencies, groups of people, or even an individual, etc. The term "digital gold" is not in vain applied to Bitcoin, since they cannot be counterfeited, have a limited number of reserves, and every year it becomes more and more difficult to "mine". It is precisely the latter that makes Bitcoin deflationary, which, according to some analysts, will lead to a constant rise in the price of the cryptocurrency. Bitcoin is considered the most suitable for "entering" the crypto economy, exiting it, as well as for transferring values within the crypto economy.

2. Ripple

Recently, it took second place in terms of capitalization. The coin was invented centralized, it is not a classic decentralized cryptocurrency, but was created for one single purpose - the connection of the banking system with the crypto economy. With the help of this coin, banks carry out their mutual settlements, and in it they receive much more favorable conditions, for example, for cross-border transfers, than within the framework of the classic monetary system.

3. Ethereum

The most, at the moment, the platform most adapted to smart contracts. The platform, according to experts, is capable of transferring contractual relations from the real world, where trust is needed between the parties concluding contracts, to a new world where trust is not needed since contractual relations are fully regulated within the blockchain. Such contracts are fully protected and managed by smart contracts.

4. Bitcoin Cash

Compared to its ancestor, it has a number of advantages such as fast transactions and low commission costs. If the transaction block of Bitcoin contains 1 MB, then Bitcoin Cash - 8 MB. Also, the security level is higher here. The developers have added a new function called "Algorithm for slowly decreasing mining complexity". This function will come into effect if the network is found to have insufficient hash power to support the network.

5. ADA

The feature of which is a completely open source code. According to the team of developers, this cryptocurrency has an advantage over all previously created ones because it has a platform based on "smart" contracts. The platform itself was developed on the basis of scientific philosophy and research.

6. NEM

The Japanese developers of this cryptocurrency have proven themselves with the inherent Japanese principledness in the consistency and accuracy of the implementation of their plans in general and in relation to the participants of the system in particular. In addition, the creators of the cryptocurrency will soon announce the launch of a whole new platform comsa, which, according to experts, may become a new leader in ISO, especially in the Asian market.

7. Stellar

Stellar is a decentralized fork of the Ripple system. One of the reasons for the significant growth of the rate is cooperation with large companies.

8. Litecoin

It is a fork of Bitcoin with advantages in increased transaction speed and low commission cost. In other words, it is technologically more advanced than its "parent". However, Litecoin creator Charles Lee announced the sale of all his coins in the Litecoin system at the end of 2017, as he does not believe in the future of this cryptocurrency.

9. TRON

The brainchild of Singaporean developers has already marked a new era in the field of digital entertainment. This platform is used to distribute any information, such as audio, video, game content and game servers. TRON also supports other payment systems.

10. IOTA

It has a slightly different platform, an alternative to the classic blockchain, which has improved security parameters and is devoid of many shortcomings, this is GIG technology. It allows you to make free transactions, which no other platform can do.

Based on the totality of facts, these 10 coins are worthy of attention in terms of investment activity. However, experts recommend not to choose one of them as an investment project trying to guess the growth of the rate, but to divide the investor's portfolio into several coins.