Cryptocurrency or digital currency is the invention that was possible only because of internet. Just like in stocks you make profit for taking shares in the company based on the results of the company similarly here you invest in some potentially good cryptocurrency and based on its outcome of company you earn profit.
1.BITCOIN (PRICE :4000$)
The first cryptocurrency and then one that made path for other coins, Bitcoin was created by Satoshi Nakamoto and released in the year 2009. Bitcoin has the biggest market cap to date around $10billion, overshadowing all other cryptocurrencies in this list, combined.
2.ETHER
Ether is the cryptocurrency for Ethereum, a decentralised platform that can execute peer-to-peer ‘smart contacts’. After September 2016 and a result of an attack to the DAO Ethereum was split into two parts namely :
1.ETHEREUM (ETH) 2.ETHEREUM CLASSIC (ETC)
Peer-to-peer smart contracts are what Ethereum is known for, aside from the cryptocurrency. Created by Vitalik Buterin and launched in mid-2015. Ethereum has shown considerably good results in last 2-3 months.
3.LITECOIN :
Litecoin came into existence in the year 2011 by former Google employee CHARLES LEE. It was made as an alternative to bitcoin. Litecoin can be mined used for transactions all around the world.
- Monero
Bitcoin is frequently mislabeled as an ‘anonymous’ currency (it’s not). Monero, on the other hand, is a cryptocurrency that focuses on privacy – using the ring signature technology, Monero is ‘secure, private and untraceable’.
At fourth place with $138 million in market cap, Monero is mostly used by individuals wishing to remain incognito on the web.
Known for: being a privacy-centric cryptocurrency
- Ripple
The next on the list, Ripple, is actually a real-time gross settlement system, currency exchange and remittance network. The cryptocurrency is called ripples. Released in 2012 and with a current market cap of $243 million, the Ripple system has been integrated into a few banks and payment networks to reduce costs.
Known for: strong focus on banking market, real-time settlement
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