We have over 1300 cryptocurrencies in the crypto sphere and new are being introduced almost every day. Not all of them, however, could make it to crypto exchanges as some remain stuck at a development stage. Here are 5 cryptocurrencies you can trust and trade with famous crypto exchanges or with popular crypto CFD brokers. Let’s get started with the world’s first official cryptocurrency, Bitcoin.
Bitcoin (BTC) :
Ever since Bitcoin has been introduced it has given investors the pulse of immense joy and a heart attack at the same time. Bitcoin today has become one of the leading cryptocurrency and trends indicate that the price curve of Bitcoin will show positive sentiment. There are three important dates in the history of Bitcoin which can be considered as turning points for the world’s biggest cryptocurrency. The first remarkable achievement was reached on November 29, 2013, when one coin was traded at US$1,124.76. The second one was in mid-November 2015 when the price passed $2200 mark and finally on 15 December 2017 when the price surpassed all expectations and climbed to $19,500. Bitcoin, however, could not hold such an astounding price and felt back to below $7000 on 5 February 2018. Though it is now traded at around $6400, experts predict that the Bitcoin all-time high could be again reached by the end of the year.
Ethereum (ETH) :
The brainchild of Vitalik Buterin, Ethereum is the world’s second-biggest cryptocurrency by market capital. Ethereum is also known for the first ever ICO (initial coin offering) in which was generated an enormous sum of $18,439,086 (60,102,216 ether coins in form of bitcoins). At the beginning of April 2017, ether was merely traded at $50 per unit and today one unit of Ether will cost you around $200, which is an astounding achievement in such a short time period. The future of Ethereum and the use of decentralised applications is quite promising.
Bitcoin Cash (BCH) :
Bitcoin Cash aims to eliminate the scaling and mass adoption problem of Bitcoin. Bitcoin Cash is becoming more and more popular and the debate between Roger Ver (an early investor in bitcoin-related startups and prominent supporter of bitcoin) and Samson Mow (former COO of one of the largest digital currency exchanges) that took place at Deconomy or Distributed Economy, in Seoul, South Korea on 5th April shows that the adoption of BCH and its scalability in the future is very likely.
Monero (XMR) :
Monero is a descendant of a lesser-known cryptocurrency called Bytecoin. Bytecoin was crafted quite differently from Bitcoin, using the technology known as CryptoNote. Monero’s ability to create privacy in transactions was a technological breakthrough that was recognized within the crypto asset community and the markets. By the end of 2016, Monero had the fifth largest network value of any cryptocurrency and was the top performing digital currency of 2016, with a price increase of 2,760% over the year. Currently, Monero is holding 13th place in terms of market capitalization and one coin is worth whopping $140. The all-time high was an astounding $495.84 on 7th January 2018. Monero is available on a variety of popular exchanges. Most Monero trading volume comes from Poloniex, HitBTC, and Bittrex.
Dash (Dash) :
Dash is kind of similar to Monero in term of its ultimate aim to provide to users top-tier privacy, double-spend-proof and instantly confirmed transactions. Dash launched its blockchain a few months before Monero, on January 19, 2014. Unlike other crypto coins, Dash had instamine where 1.9 million Dash were mined in just 24 hours. Who knew that a phenomenal error of instamine would make Dash popular enough to be on the list of top cryptocurrencies! Today and in the future Dash aims to be the most user-friendly and most on-chain-scalable cryptocurrency in the world.
Summary – Top 5 cryptocurrencies to trade in 2018
In summary, the future of these cryptocurrencies looks bright and it is very likely that their price will continue to grow. These 5 cryptocurrencies are, however, not the only coins that are worth following. Be sure to check out other promising coins as well (e.g. EOS, Stellar, Tron…) and if you decide to invest in any coin use only money you can afford to lose.