Cryptocurrency or altcoin can be defined as digital money which is usually present as tokens and coins. Bitcoin is the original coin, but as the market grew, there are now alternative platforms with competitive features.
Unlike what everyone is saying, cryptocurrency isn't dead yet! The top 5 cryptocurrencies that you need to look out for in 2019 are:
Of course Ethereum! Ethereum will always be in fashion no matter the year! This company was launched back in 2015 and allows Smart Contracts along with Distributed Apps to be built. The applications can later work without facing downtime and third-party interference safely. Ethereum uses token called ether which is used as a vehicle for the mobility on the platform. Ethereum is used by people who want to develop applications as well as investors who can purchase digital currencies. At the moment, Ethreum is known to have a market capitalization of up to $12.49 billion where each token’s value amounts to $118.71.
Another famous and competitive platform cryptocurrency is DASH. It was originally called the "darkcoin" due to the presence of secretive bitcoin. DASH is popular because it works with a decentralized master code network which makes it impossible to trace any transactions. Therefore, it also enhances the anonymity of the users. The founder of DASH is Evan Duffield who started it in 2014 allowing users to mine currency through GPU and CPU. It includes features like the InstantX and DarkSend which are commonly sought by many people. This year’s analysis shows that DASH has a total market capitalization of $606.76 million and each token has the value of up to $72.32.
One cryptocurrency is the Litecoin that was started back in 2011 by Charlie Lee and hailed as one of the initial cryptocurrencies. It is also known as ‘silver to Bitcoin’s gold’ due to the neck to neck competition of two. This is a digital currency that is based on the open-source global payment network. There is no central authority to control the network and the CPUs can easily decode ‘scypt’. Due to the faster process, it is called a tough competition for Bitcoin too. The Litecoin’s market capitalization is up to $2.63 billion and the token price is $43.41.
The fourth company in line to look out for is Ripple that was launched in 2012 allowing international transactions to be made at a lower cost and quicker pace. One reason that Ripple is taking over is the lack of a mining system which decreases the network latency. Ripple is distributing XRP through business deals mostly. It has the market capitalization of $12.69 million and token’s value stands at $0.308.
And lastly, Zcash is another hit cryptocurrency of 2019 which has HTTPS for coins. With this platform, you get selective transparency when you are making transactions. Moreover, even when other details are published, the names of senders and recipients along with the amount remain a secret. Zcash stands on top with its market capital of $291.25 million and the token value of $49.84 each.
Many people are already investing in cryptocurrency through the development of applications or business investment using these cryptocurrencies!