Bitcoin the most popular cryptocurrency in the world, but not the only one.
According to the popular service Coinmarketcap, there are already 1170 items of digital money or equivalents.
The most common is called altcoins alternative cryptocurrencies to bitcoin. In 2017, many altcoins have risen sharply in price. The total capitalization has reached $80 billion, Half came in the most popular of them – ethereum.
Bitcoin (BTC)
BTC is the first and the most liquid currency cryptoeconomy that occurred in 2009. BTC generates more than 50% of the total cryptocurrency market – $95,4 billion as at 16.10.17. BTC is most often used as a means of payment for goods and services also as an investment tool for speculation and long term investment.
BTC has a great stock story. In 2010-2013, its rate has increased 10 000 times from $0.1 to $1000. In 2014, he fell back to $200, but in 2016 went up again, surpassed previous record and is now close to $6000.
“This has created BTC’s reputation in the long term growing asset. Other cryptocurrencies can boast of such a long positive trend of the course. Most of them made a major jump only in 2017”, – said Victor Argon, an analyst at investment firm Exante.
Bitcoin trading on every cryptocurrency exchange. Quotes BTC best track on the major exchanges – Gdax, Kraken, Bitfinex, bitFlyer and Ukrainian Kuna. “With the right management, and risk calculation, it is possible to earn up to 30% per month,” notes the independent capturador Kir Kelevra.
Ethereum (ETH)
The Ethereum ether or appeared in 2014. Now this is the second cryptocurrency capitalization ($32 billion). The popularity of ETH added that in his network were the first to enter into smart contracts. This is an analogue of a contractual relationship protected by cryptographic means. “In today’s world have repeatedly committed a major transaction with the help of smart contracts, that speaks about the powerful potential of this technology,” says Kelevra.
Another reason for the popularity follows from the first. Most ICO are conducted on smart contracts. Accordingly, the price for the tokens entrepreneurs are portrayed in ETH. “On the air, you can invest both for a long period and a short period of time. In October-November will be some ICO on the basis of the ETH. These events can significantly increase its price,” says Kelevra.
The advantage of ETH in the fact that he is trading not only in relation to other alithina. On many exchanges, live open currency pairs with many popular Fiat currency, primarily the dollar and the Euro.
Thus, ETH, like the bitcoin, ensures the flow of capital between the traditional financial system and cryptonomicon. The price and trading volume of ETH you need to track, like bitcoin, the most popular platforms.
Ripple (XRP)
Ripple was created in 2012 and now its market capitalization reaches $10.7 billion This cryptocurrency project aims to optimize the relationship between the participants of the traditional system of economic relations and cryptonomicon.
Ripple is a payments system, including in national currencies. High security settings did Ripple a great tool in the financial technological achievements of such banks as UniCredit, UBS, RBC, Santander. Currently, more than 60 organizations in the world, the calculations use XRP.
XRP have their own niche in the market, so its value is not strongly dependent on the price of bitcoin, unlike other violas. But in recent years the volume of trade cryptocurrency has grown considerably in the South Korean stock exchanges. The increase in ripple in China will stimulate its growth.
“Thus, the ripple is suitable either for long term investment or for situational speculation in the news. The most popular exchange trading ripple – Coinone, Poloniex, Bittrex, Bitfinex, Bitstamp,” advises Kelevra.
Bitcoin Cash (BCH)
Bitcoin Cash created by a group of miners and developers this summer and is already ranked fourth in terms of capitalization of $5.3 billion bitcoin Popularity has led to an influx of users. His network was not ready for this. Sometimes the transaction took several days. On the wave of concern about the ability of bitcoin to scale effectively and appeared BCH.
To solve scaling, the creators of BCH has created new rules that contradict the existing network Protocol of bitcoin, said the Argon.
Price BCH does not grow as fast as BTC, but in the future Bitcoin Cash can iterate over the function of a payment instrument that will lead to growth of quotations. Traditional bitcoin in this scenario, will plays the role of means of accumulation and savings.
Most BCH traded on exchanges Bithumb, HitBTC, Poloniex, Bittrex, Bitfinex, Bitstamp.
Litecoin (LTC)
Litecoin dinosaur cryptocurrency market. Second on the popularity and level of use of the coin. It was established in 2011, third after bitcoin and its market capitalization now stands at $3.4 billion.
LTC got a boost to growth after the company BitGo, a leader in technology multimedia, started to support LTC in the leading bitcoin exchanges and trading platforms.
One of the factors that will influence the growth of LTC, can become a looming possibility of interconnection exchanges transaction LTC/BTC. LTC equally actively used as payment for goods and services, and for speculation and investment. The simplest way to generate income is short-term speculative trade.
Popular sites to trade LTC are Poloniex, Bittrex, Bitfinex, Bitstamp.
Dash (Dash)
DASH was founded in 2014 by partitioning the network LTC. Its current capitalization of $2.3 billion, a Distinctive feature of the DASH – the opportunity to make completely anonymous transactions.
“Even in 2012, its Creator Evan Duffield (Duffield Evan) put forward ideas on how to change the BTC Protocol in the direction of anonymity. But the developers of BTC have not agreed to these proposals, so Evan decided to create a separate currency DASH,” says Argon.
In issues such as transaction speed and efficiency, emissions DASH favorably in comparison with bitcoin. Transaction to DASH a lot faster. Unlike DASH generates a bitcoin blocks 4 times faster: every 2.5 minutes compared to 10 minutes for bitcoin. As bitcoin transactions cannot be canceled DASH. Is it that only the receiver will not send them back. If the money is sent – so they sent 100%.
The most popular exchange – HitBTC, Poloniex, Bittrex, Bithumb, Bitfinex.
NEM (XEM)
This is one of the newest popular altcoins. The NEM project created in 2015 and ranks seventh by market capitalization of $2 billion, He appeared in Singapore and is actively promoted in the Japanese market, where it ranks second popular after BTC.
The NEM project is intended to solve a number of problems in the corporate and financial sectors. Including transfers in the SWIFT system, which suffers from relatively low transmission speed and high cost transactions. And not every Bank can become a participant of this system.
A significant advantage of NEM – low commissions (0,01% -1%) and speed – 3000 transactions per second. At this stage, is the reprogramming Protocol on the C++ language which will increase the speed of transactions significantly.
All these advantages allow to predict the growth rates of the NEM in the long term. The most popular exchange for trading HitBTC, Poloniex, Bittrex.
Monero (XMR)
Monero appeared in 2014, its current capitalization of $1.5 billion Is a completely anonymous cryptocurrency. Anonymity Monero even more reliable than other known anonymous altcoins – zcash for and Dash.
“It uses cryptographic technology that does not allow anyone to track your payments and their sizes due to the so-called mixed transactions. If it is confirmed information that the anonymity zcash for Dash and contains holes, which are not Monero – this currency will become a monopolist in the market of anonymous altcoins. Such status may allow it in the future even surpass ETH and BTC,” – said the Argon.
XMR has a particularly high rate payments due to the unlimited size of the blocks written to the blockchain. In this issue of XMR radical than even the BCH.
“To pay for it – the threat of the enormous growth of the blockchain. Yet it is small and takes up about 10 gigabytes. But this is due to the small volume of transactions – 2500 a day. If the number of transactions will grow to 250,000 as bitcoin, the blockchain Monero will every day increase of 1.5 gigabytes. This threatens the sustainability of the network,” – said the Argon.
The currency is still awaiting a push for growth. The most popular ones for tracking asset: HitBTC, Poloniex, Bittrex, Bithumb, Bitfinex.
NEO (NEO)
Established in 2016, its market capitalization of $1.4 billion Earlier Neo was known under the brand Antshares, which is often called “China air”. At the time of the rebranding has been fully updated blockchain network, new technical aspects of mining.
But most importantly, that NEO was the second cryptocurrency network, where it became possible to enter into smart contracts. The new system is called NEO 2.0.
The leaders of the NEO have a good connection with investment organizations, banking institutions, analytical firms. Therefore, the currency prospects are very good. “The price of the asset after the restart rapid. The value of the token in mid-August this year has jumped 13-fold and exceeded $50. In this case literally 5 days before NEO 1 was estimated at only $8,” says Kelevra.
The most popular ones for tracking the asset – Bittrex, Bitfinex, Binance.
IOTA (MIOTA)
Currency created in 2017, but this did not prevent her to immediately break into the top ten. IOTA is created for promising sectors – Internet of Things (IoT). Therefore, the network IOTA transactions are faster compared to other cryptocurrencies. Its market capitalization is $1.2 billion.
In the IOTA system is completely absent, the Commission suggests the development of an effective platform for micropayments.
There is no such thing as “confirmation of the transaction miners” because they do not exist, and for confirmation of the translation meets the recipient of the money. Furthermore, money transfers with instant. But the most significant advantage of IOTA – infinite scalability.
The greatest volume of trading occurs on exchanges – Bitfinex, Bitfinex, Binance.
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