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Top 10 Winners Among The Most Traded Cryptocurrencies

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Just a decade ago, the idea of cryptocurrency was frowned upon. Bitcoin was still making entry and didn’t hold the value it has today. Just about ten years later, and the world has seen hundreds of new cryptocurrencies enter the market. Bitcoin still remains one of the top traded cryptocurrencies. It continues to hold significant value, particularly in comparison to other cryptocurrencies that have been introduced.

Over the years, we have seen new cryptocurrencies come and go. Some of the newer cryptocurrencies were able to make a statement and maintain a position among the top ranks. Others, however, would not even be noted in an article done by someone who asked for help with my essay. To get the full information you can try this service to write your essay about cryptocurrencies that ever exist. Edubirdie professional writers help you write the ideal cryptocurrency essay. We’ll consider the most traded cryptocurrencies in this post.

 

The Top Cryptocurrencies For Trading Today

1. Bitcoin

Bitcoin was first announced as a publically traded cryptocurrency in the year 2010. During the first year of Bitcoin’s existence, the cryptocurrency had no worth. In 2010, the value of a single Bitcoin reached a maximum of $0.39. Today, Bitcoin is worth more than $10,000 – that’s for just a single Bitcoin.

What people need to realize when working on a paper and asking someone to write my essay is that Bitcoin is not the only cryptocurrency that should be focused on today. There are many other cryptocurrencies that are traded on today’s market. Even though Bitcoin still holds the most value among these, there are contenders that are quickly increasing in terms of popularity and value.

 

2. Bitcoin Cash

Bitcoin Cash is one particular cryptocurrency that is quickly climbing the ranks. The cryptocurrency was initially launched in 2017. In less than three years, it is now considered to rank just below Bitcoin itself. What makes this cryptocurrency so impressive is that it is estimated that a similar amount of Bitcoin Cash is circulating, compared to the original cryptocurrency – which would be Bitcoin.

The idea behind Bitcoin Cash is to provide a way of improving the speed of micro-transactions, while also offering a more convenient way of handling larger transactions between businesses. The cryptocurrency also focuses on reducing the cost of transactions. Permissionless spending is yet another aim of the Bitcoin Cash cryptocurrency. As one of the cryptocurrency biggest gainers, this is yet another option that people should keep an eye on.

 

3. Litecoin

People looking for an essay writer free should also consider taking a closer look at Litecoin when compiling this type of list. Litecoin is often called the little brother to Bitcoin. It is also one of the older cryptocurrencies currently circulating and provides a much more stable platform compared to many other digital currencies that people can currently invest in. Try this service to write your essay when the current state of cryptocurrencies seems overwhelming. With some research, however, a writer can gain the statistics they need to understand which of these digital currencies offer the most investment opportunity.

Apart from the three top traded cryptocurrencies we looked at above, there are other options that should be considered too. When a person searches for help with my essay, these should not be overlooked. Even though the value of some lower-ranked cryptocurrencies is no match for Bitcoin, they still hold potential.

 

Here is a view on six more top options when looking to invest in the cryptocurrency industry:

 

4. Dogecoin

In the fourth place, we have Dogecoin. This coin is resembled by a Shiba Inu dog. It was also derived from a very popular meme that circulated on the internet. The meme was called “Doge.” Even though Dogecoin was meant to be a parody cryptocurrency, it actually made quite a name for itself. The market capitalization of Dogecoin reached $2 billion by the start of 2018.

5. Ethereum

Ethereum has also made waves in the last few years. The idea behind Ethereum is to provide a provider for decentralized application. Ether is earned by miners, which can be used as fuel for specific functions on the Ethereum network.

 

6. BAT

BAT is yet another cryptocurrency network that is making a name. The cryptocurrency is also known as the Basic Attention Token. There are some similarities between BAT an Ethereum. The cryptocurrency primarily focuses on providing appropriate contracts between publishers and advertisers, while also enhancing the security of such transactions.

 

7. NEO

Another cryptocurrency to be noted here would be NEO. This one is also among the cryptocurrency biggest gainers. NEO was first launched in the year 2014. It was the very first open-source, public blockchain to be developed and made public in China. The cryptocurrency largely focuses on the smart economy that we are moving toward in the modern-day.

 

8. Ripple XRP

Ripple XRP is yet another option that we want to mention here. This may seem a little confusing for some people. Ripple is the network or the blockchain. XRP is the cryptocurrency or the token. The two depend on each other for Ripple XRP to be in existence.

The stellar network is a blockchain platform that many people have heard of by now as well. Jed McCaleb, the co-founder of the Ripple network, launched the Stellar network. This network uses XLM tokens as its cryptocurrency.

Finally, we also want to mention Cardano. The token for the Cardano network is referred to as ADA. The platform focuses on easing the process of sending and receiving certain digital currencies. The co-founder of Ethereum is involved in the Cardano project.

 

Conclusion

There are many cryptocurrencies today. Some of these do hold better value than others. Among cryptocurrency biggest gainers, Bitcoin still remains the top-ranked option. Other cryptocurrencies, such as Bitcoin Cash and Litecoin, has also joined the original Bitcoin cryptocurrency among the top ranks. By keeping up with the latest cryptocurrencies that may be mentioned in an essay, it is possible for people to have a better chance of making profitable investments.

 

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