First Ten Standing Coins As At Today

in bitcoin •  7 years ago 


Bitcoin (BTC)
This is the father of all cryptocurrencies which even though it is often a time hard to know what the future holds, I assure you will always stand tall among other altcoins. It still stands as the coin that often passes its predicted limit. It was predicted to rich $10,000 by December 2017 not knowing that its powerful team had a different surprise package for us and they successfully took us all the way to $17,000. I am so happy that there is no need telling you the percentage difference. Am often surprise when I hear some people say that the reason behind the introduction of other cryptocurrencies is to bring down Bitcoin or destroy its value, I keep wondering whether they are aware of highly reputable personalities, investors and entrepreneur that have put their money on the table just to create services and ensure that Bitcoin has enough momentum. The question is: can we boost of other coins in like manner?
Bitcoin has built one of the largest communities around the globe which can never be taking away from it. It is that network that drives the value of Bitcoin. So despite its ups and down, Bitcoin is still number one in the top ten standing coins with a market cap of two hundred billion dollars and its current price as of now is $16,764 which is still moving up. It has recorded 14.4% increase in the last seven days with 11.76% just within 24 hours. So know that whether it fluctuates or not, it still remains the number one as of today.


Ethereum (ETH)
Ethereum held on to the second position in the top ten currency in the cryptocurrency world until last month when Ripple overtook it. Ethereum is still standing firm and it making moves to regain its previous position. I remembered in 2013 when Ethereum came into play as it was designed to pose a threat to Bitcoin and overtook it by 2018. Understanding ethereum’s platform which is decentralized to run smart contracts by a team called Ethereum foundation in Swiss is equipped with all it takes to overtake Bitcoin because it uses blockchain technology to ease cryptocurrency trading. Ethereum average block time is 12 seconds which gives it an edge over Bitcoin. Ethereum receives its capital as its funs presales it all over the world which implies that only half of all Ethereum coin will have been mined by 2021. Ethash is the use of an algorithm which allows decentralized mining by Ethereum clients stands as its main backbone. I can go on and on and on to talk more on the features of Ethereum, but it was attacked and it lost $50 million in 2016 which lead to it splitting into two Ethereum (ETH) and Ethereum Classic (ETC). the attacked made them improve DDos protection making it impossible for further attack. It is important to note that the prediction of Ethereum emerging as the leading cryptocurrency this year is based on the fact that it developed a better infrastructure that is more reliable secured when compared with Bitcoin. It is less monopolistic and open to sophisticated reforms. Well, this is 2018, let’s see if the prophecies will come to pass. As of today, Ethereum has a market cap of $96 billion and its current price as of now is $995 which is still moving up. It has recorded 32.12% increase in the last seven days.

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Bitcoin Cash (BTH)
Bitcoin cash was created out of Bitcoin on 1st August 2017 has a block limit of 8MB as supposed 1MB. This is what is called hard fork and Bitmain was the first to announce this breakaway. The Chinese mining pool where the first to propose its name as Bitcoin cash and at Netherland Amaury "Deadal Nix" Séchet revealed its implementation of the Bitcoin Cash protocol. Since its introduction many changes were made in other for it to stand firm and today as we all can see, it is still standing firm with a market cap of $42 billion and its current price at $2,521. It stands at number four on the list of top ten cryptocurrencies.


Litecoin (LTC)
Litecoin was meant to be the younger brother of Bitcoin and was often referred to as the silver coin when it came out. It grows so fast that it had to develop some new innovations like fast payment which enabled more transactions on its platform. This act of Litecoin made some cryptocurrency to come into existence and they all tapped form its codebase formula. Even though Litecoin lost its second position after Bitcoin, it is still being considered as the backup if Bitcoin falls. Litecoin which had similar laid structures like Bitcoin took a great advantage of Bitcoin by making its transactions faster than that of Bitcoin. In fact, many promotions have geared towards regarding Litecoin as a payment method in other to gain more publicity. Litecoin is the eight cryptocurrency in the top ten list with a market cap of $13 billion dollars and its current price as of now is $247 which is still moving up. It has recorded 0.45% increase in the last seven days with 3.03% just within 24 hours.


Tron (TRX)
Tron was designed with the sole aim of the global digital entertainment industry through its open source protocol. It is very friendly and supportive of various kinds of blockchain network, because of what it is designed for; it supports developers with multiprotocol infrastructure. It encourages App developments and permits its users to make use of the multiprotocol smart network. Among all this, Tron has sets of consensus mechanisms which accept low cost to solve personal credit related issues and identification. It uses the point to point transactions online to prevent further cost.
It has a market cap of $12 billion and its current price at $0.19. It stands at number seven on the list of top ten cryptocurrencies. It has made an increase of 417% increase in the last seven days.


IOTA (MIOTA)
IOTA came into existence in 2015 by David Sønstebø, Dominik Schiener, Sergey Ivancheglo, and Dr Serguei Popov. It is equally an open source distributed ledger. It provides a secure channel for communications and payment on the internet through the help of their directed Acyclic graph. (DAG) I have written more on this coin, please cheek my formal blogs to see them. The market cap of IOTA is $10 billion dollars. At the current price of $3.90. its price is $3,90

Thanks a lot for your time. I appreciate.

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You brought in some detailed facts that I have been trying to know for some time now. Thanks for your good work @jyzaza

You are welcome @udomu

Good job @jyzaza
And even ada (cardano) is among the standing coin now.