What are the Best Cryptocurrencies?

While a full list of all cryptocurrency currently in circulation would detail somewhere between 1500 to 2000 different cryptocurrencies, this article will provide a short cryptocurrency list worth looking into. Each cryptocurrency market cap, purpose, value, and usage will be briefly explained.

Q: What are the top 10 cryptocurrency 2018?

A: This list will cover basic aspects such as value, market capitalization, max coin capacity, and value. Do note, when reading this list, that Cryptocurrencies are known to be volatile and the market is relatively new meaning new cryptocurrencies may quickly rise to the top.

Top 10 cryptocurrency 2018-1. The Bitcoin cryptocurrency

Bitcoin is the first cryptocurrency, it appeared in 2008 and was created by Satoshi Nakamoto. Bitcoin is the most widely used and traded coin up to date, with a capped limit of 21 million coins, and a price range going as high as $20,000 in 2017/2018.

It is by far the most valuable cryptocurrency to date and will probably remain so for the time being despite some of the problems it faces namely slow transaction speed, high transaction fees, high energy usage, and volatility.


Top 10 cryptocurrency 2018-2. The Bitcoin Cash cryptocurrency

Bitcoin Cash was created in the summer of 2017 through a hard fork from the main Bitcoin blockchain. It aims to go back the original aim of the Bitcoin as a peer-to-peer electronic cash instead of the investment it has become. Bitcoin Cash has a block size is 8 times bigger than that of Bitcoin; meaning faster-processing speed but a more memory intensive process.

Top 10 cryptocurrency 2018-3. The Litecoin cryptocurrency

Litecoins are another cryptocurrency resembling Bitcoin in as they use proof-of-work but with a much faster transaction speed and higher capped coin limit of 84 million coins. Litecoins market cap is also only around 1/20th of the size of Bitcoin.

Top 10 cryptocurrency 2018-4. The Ethereum cryptocurrency

While Bitcoin brought in a new technology with its arrival, it is only Ethereum that really started really working around with blockchain technologies. Originally developed as a world computer super network, Ethereum aimed to provide decentralized apps and getting rid of third-party companies such as Google play and Apples.

Ethereum historically ranks amongst the highest traded and valued cryptocurrencies and together with Bitcoin is a poster-child of the cryptocurrency industry.


Top 10 cryptocurrency 2018-5. The Ripple cryptocurrency

Ripple was designed to works as a centralized transaction network used by banks to transfer money. Ripple tokens, XRP, can be bought and sent through the ripple network before being converted back into money. It was made to be more reliable, faster, and less volatile than other cryptocurrencies.

Top 10 cryptocurrency 2018-6. The Cardano cryptocurrency

Cardano was created in 2015 and, much like Ethereum, aims to run decentralized apps on the blockchain, but is powered by scientists and academics. The Cardano blockchain is built in layers which allow it to maintain and upgrade by way of soft forks.

Top 10 cryptocurrency 2018-7. The Dogecoin cryptocurrency

Dogecoin was introduced as a parody currency but grew in popularity and now has its own online community. The coin uses a Shiba Inu dog, derived from the Doge internet meme, in its icon. As of 2018, Dogecoin reached a market cap of $2bn.

Top 10 cryptocurrency 2018-8. The BAT cryptocurrency

The Basic Attention Token applies a similar principle than that of Ethereum but applied to digital advertising. It aims to get rid of third-party publishers and directly target and pay consumers for browsing the web and watch ads.

Top 10 cryptocurrency 2018-9. The Stellar cryptocurrency

Stellar is similar to ripple in that it works as a transaction network focusing on fast and efficient border-less transfers. It was launched in 2014 and saw a dramatic surge in share price in 2017.

Top 10 cryptocurrency 2018-10. The NEO cryptocurrency

NEO was the first open-source public blockchain in China and was initially launched in 2014 as Antshares. NEO works much in the same ways as Ethereum does, enables the development of smart contracts, and aims to be the platform of choice in the new smart economy.

Q: Is there another short cryptocurrency list still worth looking into?

A: There is over 1500 cryptocurrency in circulation with just as many applications, features, and uses. Cryptocurrencies are worthwhile in both the value and the technology they bring; here is a short list of cryptocurrencies still worth looking into:

Dash
Bitcoin Gold
EOS
Zcash
Bitcoin SV
Ethereum classic
Monero
Vertcoin
Horizen
Quatloo


Q: What is the best cryptocurrency to mine?

A: To answer this question we first need to look into the type of mining that can be done: professional and individual.

Professionals would use dedicated mining hardware in so-called mining-farms; they focus on profitability and would thus look for good cost/profit ratio cards, low electricity costs, and low rental costs.

From a purely profit-oriented perspective, the three cryptocurrencies that were the most profitable in 2018 were Quatloo, Zcash, and Horizen.

Individuals cannot compete with professionals when it comes to power intensive blockchains such as Bitcoin but many alternatives remain. Many blockchains such as Monero, Dogecoin, and Vertcoin impose constraints on professional mining and instead favor mining from personal computers. Those are good examples of cryptocurrencies users can start mining with little to no previous knowledge about mining, and few hardware requirements. To note, while not required AMD video cards are better for cryptocurrency mining, with NVIDIA coming as the second best choice.

This concludes today’s article about the best cryptocurrencies, do note stablecoins were not mentioned as this would be the subject of a later article. This article was brought to you by Bybit, a cryptocurrency derivatives exchange aiming to create a fairer crypto market through transparency, speed, and bringing a more human touch to an otherwise cold and unregulated industry. We hope to see you back soon, and are happy to see you share our interest in the world of cryptocurrencies.