You’ve probably heard of at least the following cryptocurrencies: Bitcoins (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRC) and of course, Money Trade Coin (MTC).
However, there are many, many more cryptocurrencies. In fact, there are over 1000! You certainly don’t know all of them. It’s clear that there are a selected few that are faring better than others, making up most of the market share in cryptocurrencies.
This is what we’ll be discussing today: which forms of digital currency make up the market and why. There’s a reason why some have claimed the throne of the most popular currency and why there are a few upstarts that are rapidly claiming investors.
The market cap for cryptocurrency is valued at about $150 billion, with projections of a whopping $1 trillion by the mid-2020s. Which of them stands to be numero uno by then? Let’s find out.
Bitcoins
Bitcoins, you shouldn’t be surprised to here, is at the top, with the largest market share of just under $125 billion. Compare to that the next highest on the list, Ethereum, which is about $28 billion. Bitcoins dominance come from it being the first cryptocurrency and its many years of maturation. A Bitcoin variant called Bitcoin Cash also has the third highest market share, at roughly $11 billion.
Bitcoin is currently valued at $7,417 dollars.
Ethereum
Ethereum is next up on this list, with a market share of $28 billion. Ethereum’s rise is largely because of its incorporation of digital smart contracts. However, it has still not entirely convinced investors, who are holding their bets back on its likeliness to dominate the cryptocurrency market in the years to come.
Ethereum is currently valued at about $300.
Ripple
After Bitcoins, Ethereum and Bitcoin Cash, comes Ripple. With a market share of just over $8 billion. It has seen growth with numerous institutions like the Massachusetts Institute of Technology and Santander employing it. These entities prefer Ripple over Bitcoin because they believe the security and pricing aspects are better.
Ripple currently hold $8 billion of the cryptocurrency market and is valued at $0.208 - it has a much larger supply of coins!
Litecoins
Lastly, we have Litecoins, which has captured $3.2 billion of the market. Technically, there some differences between LTCs and BTCs. Practically speaking, this translates into almost zero transactions fees and almost instantaneous payment. It possesses $3.2 billion of the cryptocurrency market. It is valued at $61.
Don’t think that the cryptocurrency market has already been cemented with these digital currencies. The nature of the cryptocurrency is highly subject to change and a breakthrough cryptocurrency is always being sought out by developers and investors. Things can change in as quickly as a day.
That’s why you should visit Money Trade Coin to hear about what’s hot and what’s not, what to do and what not. We’ll give you tips on how to tackle the cryptocurrency market!
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