Today, there are more than 1000 cryptocurrencies listed on exchanges and are in circulation. Of these numerous cryptocurrencies, only about 100 are worth your investment. And from the 100 coins, there are ten world-class coins which are doing very well in 2019. So, what differentiates a good crypto coin from an awful, non-performing currency?
Characteristics of a good crypto coin
A good coin needs to have established, secure systems at its core. The security system needs to protect both the users’ information and the coin itself from theft.
A good crypto coin must guarantee instant transactions. Any coin that sees delays in the processing of transactions will not appeal to businesses or users and will not gain traction in the market.
Minuscule Transaction Fees
Any coin that charges high transaction fees is bound to fail in the market. The best coins currently in the market require low fees (or none at all) which makes transacting with them cheap.
Crypto coins need to be based on scalable models which allow for infinite network growth, both vertical and horizontal. With infinite scalability, a coin can grow to be used anywhere in the world without exhausting the network reserves.
Now that we have the characteristics of a world-class coin, what are the top 10 crypto coins of 2019? Here is a review of the best coins.
Top 10 Cryptocurrencies of 2019
Founded by Satoshi Nakamoto in 2009, Bitcoin remains the most popular virtual currency in the world. With the highest market capitalization value, the highest number of users across the globe and the highest amount of trading volume, Bitcoin is still the King of cryptos.
Boasting of universal acceptance by many businesses, especially in the entertainment sector, and a secure financial system, it is easy to see why Bitcoin is the leading coin in the world of cryptocurrencies. Despite its price plummeting from $20,000 in December 2017 to today’s price of $5,800, the coin remains the best-performing crypto and the best replacement for fiat currency.
Ethereum continues to dominate the world of initial coin offerings by giving developers a chance to raise capital for their cryptocurrency startups. With a model slightly different from Bitcoin’s, Ethereum promises more decentralization, room for innovation and exciting technology all around. Ethereum has a market capitalization of $17.9 billion, and its market price today is $169.86. Ethereum might be playing second fiddle to Bitcoin today, but its future is undoubtedly bright.
The Ripple token has gained traction in the world of digital currencies because it offers a quick, seamless and borderless platform for transferring funds. As a result, XRP is very popular with banks, payment providers and small-scale users who want to transfer money globally. XRP runs on a very advanced technology, and is infinitely scalable. Today, XRP has a market cap of $13 billion, and the live XRP price is at $0.31.
Just like Bitcoin, Litecoin is a peer-to-peer digital currency which has an extensive network across the world. With one of the best models in the market, Litecoin offers instant transactions, security, and widespread adoption which most crypto coins don’t enjoy.
Being among the pioneers in the crypto world (founded in 2011), Litecoin’s performance in the market has been tremendous. Litecoin has a market cap of $4.9 billion, and its current price is $79. If marketed better, Litecoin could easily topple some of the big boys mentioned above. Litecoin has so much potential and has not peaked yet.
Although it is still in its infancy (launched in 2017), EOS has outperformed most of the coins which were in existence before it made its debut in the world of cryptocurrencies. Today, EOS has a market cap of $4.8 billion, and the unit price is $5.09.
In a nutshell, EOS is Ethereum’s competitor that provides app developers with a platform to create decentralized applications. EOS runs on a very secure platform, has an innovative, unique model and promises scalability.
Binance coin has been the revelation of 2019, and has grown 300% in a little over five months. The coin was first created to be used on the Binance Crypto Exchange but is used outside the platform for p2p transactions. This versatility has made the coin leapfrog most of the available cryptocurrencies, and its market cap of $3 billion earns it a place in the top 10 list.
TRON (TRX) strives to build the future of truly decentralized internet and global free content entertainment system that utilizes blockchain technology. According to the TRON Foundation, the ecosystem surrounding this network specializes in offering massive scalability and processing transactions at a high rate via high-throughput computing. While Tron seems to be one of the most stable assets, and the coin’s market cap reaches over $1,8 billion, TRX definitely deserves to be in Top-10 most promising assets list.
Bitcoin Cash is a chip off the old block (Bitcoin). Bitcoin Cash was developed using a revamped version of Bitcoin’s code. As a result, Bitcoin Cash’s transactions are faster, safer and the overall model is more scalable making it more attractive to the masses. Bitcoin Cash might still be in the shadow of Bitcoin, but it has grown in the last year to a market cap of $5.2 billion, and a single unit goes for $294.27.
Stellar’s XLM joins the long list of coins attempting to bridge the gap left by traditional international money transfer media. XLM promises quick, secure and borderless payments across the globe powered by a very advanced platform. The coin is valued at $0.10 and has a market cap of $1.9 billion.
USDT is a cryptocurrency coin which attempts to interrelate the traditional fiat currency with digital currencies. USDT turns regular cash into digital coins. Its value is tethered to the price of the conventional currencies such as the Dollar. The coin boasts of transparency, speedy transactions and 100% backing of all the USDT units by cash equivalents. USDT is worth $1.01, and its market cap currently stands at $2.8 billion.
The coins mentioned above are currently top-grossing in the market, although fluctuations in the market cap and prices are always inevitable. If you are looking to invest in cryptocurrency, the above coins might be a good choice for you, they are performing very well and promise even more in future.
This article was prepared specially for Changelly blog by the guest author – Julia Beyers. Acquiring a wealth of experience in writing articles on trends and prospects for the development of the game industry in the world Julia has found herself as a Freelance Journalist. She is writing now about blockchain and cryptocurrencies trends, sometimes covering the importance of Bitcoin for various other industries.