The current crypto market numbers hundreds if not thousands of currencies, with new ones appearing with each passing day. If you’re relatively new to the market, it can be overwhelming to track the market trends and values. Here are the 12 best cryptocurrencies on the market.
Bitcoin is almost synonymous with the term cryptocurrency. It is the strongest and most popular crypto coin on the market and one that is well on its way to becoming a worldwide accepted currency.
A revolutionary blockchain concept, Ethereum has the ability to run ‘smart contracts’ as well as to quickly and cheaply process transactions.
Litecoin is a P2P platform created to be used as a decentralized digital currency. It operates on the same model as Bitcoin and is quickly becoming one of the most popular cryptocurrencies on the market.
One of the biggest cryptocurrencies in the world, Ripple primarily aims to improve transaction times, more specifically international business transactions.
Though crypto transactions allow partial anonymity and privacy, some network information is always recorded during transactions. Monero is designed specifically in a way to ensure complete anonymity during financial transactions.
Created less than a year ago, Bitcoin Cash is a direct product of Bitcoin, created as an effort to improve network bottlenecking, due to the high usage of the Bitcoin cryptocurrency.
Dash is considered to be one of the most user-friendly coins in the market. It is easily scalable and offers benefits like fast transaction times, anonymous payments and low transaction fees.
IOTA is a crypto concept that doesn’t utilize blockchain, but instead uses a special transaction network called ‘Tangle’. IOTA has no transaction fees, due to the fact that you don’t need to subsidize miners.
NEM is the first POI (Proof of Importance) business centered on the blockchain. It offers many potential benefits such as crowdfunding, voting, loyalty programs, escrow services and many more.
Created to be used both as a smart contracts platform and a virtual protocol platform, Qtum is an open-source platform that focuses on mobile decentralized apps.
Stratis is designed primarily with business transactions in mind. It emphasizes the importance of making blockchain easy and usable for business companies.
One of the first altcoins, Dogecoin was created as a ‘joke-coin’ and has garnered a massive number of followers since its inception in 2013. It is primarily used as a microtransaction coin.