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TOP 10 CRYPTOCURRENCIES OF 2020

 WHAT IS CRYPTOCURRENCY?

 

Cryptocurrency is a type of currency or digital asset that works with the help of a technique called cryptography. It uses a distributed and decentralized public ledger system known as the block chain. With the help of these technologies, developers are built a form of digital currency called cryptocurrency.



 

 

 

TOP10 CRYPTOCURRENCIES OF 2020

  

 

10. NEM (XEM)

 

XEM is a distributed blockchain-based cryptocurrency that was created and coded with speed and scale in mind. Built in 2015, there are currently 8.99 billion XEM tokens circulating all over the world. NEM's price now stands at $0.309 and its market capitalization is $0.093.

 

 

9. EOS (EOS)

 

EOS is another the cryptocurrency that works as a decentralized operating system. It means that developers can create apps on EOS. Owning EOS equates to owning its resources. EOS's price is around $5.59, and its market capitalization is believed to be in the region of $7.8 Billion.

 

 

8. LITECOIN (LTC)

 

Litecoin is a peer-to-peer cryptocurrency. It is one of the best alternatives to bitcoin and was created to manage some of the flaws in bitcoin. Litecoin LTC now stands at $239.29 with a market capitalization of about $16.18 Billion.

 

 

 

7. NEO (NEO)

 

NEO is it an emerging blockchain platform focusing mainly on creating intelligent legal contracts and assets. NEO has a primary objective to be the sole pillar of the new economy. Its market cap is worth around $5.93 Billion, and the price lies around $86.17 Billion.

 

 

6. STELLAR (XLM)

 

Stellar was launched in 2014 by ripple co-founder Jed McCaleb and former lawyer Joyce Kim during internal disputes in Ripple. The price of Stellar stands around $0.4549 with a market capitalization of around $9.532 Billion.

 

 

5. CARDANO (ADA)

 

Cardano is a platform used to send and receive digital payments using its digital token named ADA. Cardano has a market capitalization of over $38.53 billion, Cardano ADA stands at around $1.20 Billion.

 

 

4. BITCOIN CASH (BCH)

 

Bitcoin Cash was formed in 2017. It is a whole new token with new rules and a new blockchain. The creators hoped it would grow in value in a way the bitcoin could not. Bitcoin Cash has successfully commanded a price of around $608229.81 as of now and a market cap of over $15.60 billion.

 

 

3. RIPPLE (XRP) 

 

Ripple is an altogether different concept; it is a centralized network used for money transfers, just like SWIFT. Its price hovers around $1.13 Billion at the moment, and the market cap is $115.27 Billion.

 


 

2. ETHEREUM (ETH)

 

Ethereum was created by Vitalik Buterin and is a platform used as a decentralized operating system. Ethereum is often considered to be a better version of Bitcoin. Ethereum's market cap hovers around $256.25 billion, and its price of 1 ETH right now is $2486.48.

 

 

1. BITCOIN (BTC)

 

Bitcoin is the only cryptocurrency that surfaced after the 2008 financial crisis. Bitcoin commands the highest price right now. There are currently 16 million Bitcoins in circulation around the world out of predetermined 21 million coins. Bitcoin has a market capitalization of $1.998 Trillion and one Bitcoin is worth $53431.40 right now.

 

 

 

 

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