The world is shifting from paper currency to digital currency. This has been brought about by the transformation that has taken over the world of science and technology. This development has turned the world into a global village whereby someone in Nigeria can buy or sell goods to someone in the United States of America without both of them seeing each other or even exchanging cash. One of these phenomena is the cryptocurrency. It is a digital currency which can be used to buy goods and services online. Below are the top 10 cryptocurrencies in 2018;
This is currently the most popular cryptocurrency in the world. It was introduced after the financial crisis of 2008. It was created by Satoshi Nakamoto. Its market value is estimated to be around $191billion globally.
This is unarguably bitcoin’c main rival. It is a force to reckon with as it has always pushed towards pushing down bitcoin from the number one spot when it comes to the crypto community.
One of the biggest contenders in the crypto community. Ripple serves as a transaction network used by banks for money transfer. The money transferred on rippe is converted to the XRP token on one end and into any other currency on the other hand. The managers of this cryptocurrency believes it can unsit bitcoin.
Bitcoin cash BCH
This particular cryptocurrency came about as aresult of the technical limitations claimed by some miners of bitcoin. Since its inception it has managed to stay relevant and in the top 10 crypto community.
Like ripple is a platform used to send and receive money. It was created by Ethereum co-founder Charles Hopkinson in 2015. It is sometimes referred to as “Ethereum of Japan” because 95 percent of its initial coin offerings (ICOs) were Japanese.
Stellar was launched in 2014 by Ripple co-founder Jed McCaleb and former lawyer Jouce Kim following internal disputes with Ripple. It grew 29,400 in 2017 alone. It is a rising star in the crypto community.
Neo is a platform that enables the development of msart contracts and smart assets on the blockchain. It is also one of the fast rising platform of cryptocurrency in the digital world.
This is a peer to peer cryptocurrency that was introduced in 2011. Its lgo is similar to that of bitcoin but it is silver instead of gold and it is easier and faster to mine. As at the time of its introduction, it was second to bitcoin on the top list of cyptocurrencies in the world/
This particular cryptocurrrency was created to surpass Ethereum’s low number of transactions per second, which EOS’ founders believed was not high enough. It was created by Bitshares founder Dan Larimer.
XEM token is the signature of NEM. There are currently 8.99 billion XEM tokens in circulation.
The world is fast adapting to a cashless world and this has aided the growth of the above cryptocurrencies. It would be of no surprise if in the next two decades the only means of transaction is via these cryptocurrencies. Therefore it would be wise choice to invest in any of these cryptocurrencies.