The reign of cryptocurrencies flourished in 2017, and since then there have been more than 1,500 crypto assets in circulation and more are added with time. Although bitcoin and ethereum dominated the headlines when it comes to investing in cryptocurrencies, various other cryptocurrencies have different make-up and function that should be discovered and invested in 2019. So, here is the ICO list of the five most popular and reliable cryptocurrencies in circulation today.
1. Bitcoin (BTC)
There is a high probability that Bitcoin is the first cryptocurrency you heard about when you first learned about cryptocurrency. Currently, it is the biggest cryptocurrency and has around 40 percent share in the total market. There are more than 16.8 million bitcoin tokens in circulation, and they have a capped limit of 21 million. It is the oldest cryptocurrency, and it still dominates the market. So, if Bitcoin continues to increase as it did in the past years, then it is wise to invest in it in 2019.
2. Ethereum (ETH)
In 2017, the price of Ethereum was higher than $720, with the market capitalization of around $70 billion and at the beginning of 2019, the market capitalization has increased to $138 billion. Originally it was developed as a “world computer” super network with the aim of getting rid of third-party companies such as Apple in the creation of apps. It is labeled as a “decentralized app” by the provider. The apps developed on Ethereum are on a distributed public platform where miners can earn “ether” to fuel the network.
3. Ripple (XRP)
Ripple was one of the best performing cryptocurrency in 2017 with the growth rate of a whopping 3600 percent. Presently, Ripple is considered as the third largest cryptocurrency with the market cap of more than $14 billion. The USP of Ripple is that it is designed as a centralized transaction network that can be used by banks for money transfer. So, the money is first converted into XRP token and transferred via the Ripple network. At the time of withdrawal, it is again converted into the original currency. This design is faster, more secured, and less volatile as compared to other currencies.
4. Litecoin (LTC)
Litecoin is another cryptocurrency whose performance was increased by 8000 percent. It is the fifth largest cryptocurrency with the market cap of around $2 billion. In 2011, Litecoin was created to improve the Bitcoin’s technology. Today, Litecoin completes a transaction four times faster than Bitcoin. Also in May 2017, Litecoin was the first cryptocurrency to perform a Lightning Network transaction. It transferred 0.00000001 Litecoin from Zurich to San Francisco in under one second. Once Litecoin starts using Lightning Network, it could increase the price of the Litecoin which is an excellent reason to invest in it.
5. Bitcoin Cash
Launched in 2017, Bitcoin Cash is the offshoot of the original Bitcoin. Today, it has soared to become one of the most traded cryptocurrencies. At present, there is the approximately same amount of Bitcoin Cash circulation as Bitcoin. The only notable difference between the two is that Bitcoin cash has 8MB block size, while Bitcoin has 1MB. This provides Bitcoin Cash a faster processing speed, but it also comes with more memory-intensive.
So, this is the ICO list of the five best cryptocurrencies that can be invested in 2019.
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