Top 10: the most popular cryptocurrencies to help you get rich

Over the past 7 years, cryptocurrencies have not left the front pages of newspapers and online publications, so everyone interested in enriching has at least once thought about what popular coins can be purchased, where to store them and what to do with them in the future. In this article, we will dwell on the first question in detail and tell you about the ten most interesting cryptocurrencies, which will take you several steps closer to financial independence. Bountyhub.io offers you to understand together those currencies that may be interesting. But do not forget: new coins can be very interesting and we will help you find the best bounty program!

Coin rating: how does it work?

The easiest and most popular way to find out how a particular cryptocurrency is beneficial to you as a holder is the CoinMarketCap website. We go to the main page and see all the statistics we need. Of course, special attention should be paid to the first 20 or 10 coins.

Their rating is built from a variety of indicators, such as liquidity, expert opinion, exchange rate stability, and ecosystem vitality. It is not necessary to go into the statistical jungle: it is enough to follow the rating of cryptocurrencies and their market value.

It is also worth paying attention to the fact that the first 10 coins bear almost 90% of the value of all cryptocurrencies.

We took the most famous coins, which tomorrow may come out of the Top 10, but remain interesting for investors and traders. It is noteworthy that at the time of writing, Dash and IOTA came out of the “top ten”, but these famous coins will still return to the top, so they will also be discussed.

CoinMarketCap cryptocurrency rating:

1. Bitcoin;
2. Ethereum;
3. XRP;
4. Bitcoin Cash;
5. Litecoin;
6. Binance Coin;
7. Tether;
8. EOS;
9. Bitcoin SV;
10. Stellar.

It is not known how long some coins will last at the top, but the most popular cryptocurrencies will remain in their places.

1. Bitcoin (BTC)

The coin, which opened the world of cryptocurrencies, for 10 years remains the leader of any ratings. It is minimal, but updated, developers are improving the blockchain, improving the speed of transaction processing, etc. Bitcoin is a dominant cryptocurrency market and there is hardly any coin that can move it.

Bitcoin’s market capitalization for July 2019 is $178 billion, and the total number of coins currently issued on the market is 17,875,000 BTC. Bitcoin will reach the limit of 21 million coins by about 2140, and its production will be stopped.

The cost of bitcoin fluctuates around the mark of $10,000 for one coin, but experts believe that soon it will be more in demand, so today there is every opportunity for a successful purchase of this cryptocurrency. But we strongly recommend that you familiarize yourself with at least 3–4 independent expert opinions, as well as see information on specialized resources.

2. Ethereum (ETH)

Ethereum is firmly in second place in popularity and market share. This currency finds its followers among the “sharks” of the business, such as Microsoft Corporation and one of the largest US banks JPMorgan. The main “chip” of Ethereum is smart contracts that allow you to fulfill complex transaction conditions without an intermediary represented by a third party. Although many crypto developers criticize Ether due to the complexity of scaling the project, so far the network has not encountered critical overloads and difficulties.

On the other hand, the absence of restrictions in the issue of new coins can lead to hyperinflation in the next 10 years, which makes the “ether” a coin with tangible advantages as well as with obvious minuses. As of August 2019, the total capitalization of Ethereum is $22 602 437 450, and the number of coins received has exceeded 108 million ETH.

According to the developers, in the future, Ethereum will become not just a monetary unit, but a product that can solve the widest possibilities. If you believe the statement and the opinion of respected experts — then it will be so. But where to get away from equally respected critics of the project? In any case, it is up to you to decide which side in this dispute to take.

3. Ripple (XRP)

The Ripple coin is older than Ethereum and is designed to replace instant money transfer systems (such as Western Union). Now large financial companies (UBS, UniCredit, etc.) are collaborating with the blockchain project, which allows us to talk about the seriousness of the creators’ intentions. But many people in their cryptocurrency industry do not consider XRP cryptocurrency, since it is not decentralized, and is no different from simple electronic money. And she does not have any mining.

The “takeoff” of the coin occurred in early 2017. Even though after this XRP does not show impressive results, the currency has every chance to continue to develop success through cooperation with bankers. For more than 5 months, Ripple has been confidently holding the top three in statistics according to the aforementioned CoinMarketCap portal. The market capitalization of the coin as of August 2019 is $11.4 billion.

4. Bitcoin Cash (BCH)

Bitcoin Cash is a hard fork of Bitcoin and at the moment, according to many experts, the fame of BCH is greatly exaggerated and its place in the top five is explained only by “kinship” with Bitcoin. This is due to the instability of the network and the “mirroring” of the coin itself about the older brother. At present, 17,950,000 BCH has been mined.

Despite the controversial reputation, the currency has been holding at the level of $ 200–300 for a long time. Therefore, the current position of Bitcoin Cash is likely to only strengthen, which makes it interesting to buy. But in this case, we recommend that you familiarize yourself with at least three opinions and analyze the behavior of the coin for two weeks before buying.

5. Litecoin (LTC)

Charlie Lee, whom many consider being the real creator of Bitcoin and Satoshi Nakamoto, created a lightcoin as part of “work on bugs” on the first digital currency. In the Litecoin blockchain, transactions are faster due to the increased block generation frequency — 2.5 minutes as opposed to 10 minutes for Bitcoin.

The number of Liteсoin coins is limited to 84,000,000, and LTL 63,000,000 has already been issued in August 2019, so increasing the cost of “digital silver” is quite logical, but the cryptocurrency itself is quite unstable, although it has a good reputation and support from opinion leaders.

6. Binance Coin (BNB)

The coin from one of the largest crypto exchanges, Binance, is already called “digital platinum” and since the beginning of 2019 has entered the top 10 industry leaders, constantly jumping from the end of the list to the middle. At the same time, Binance Coin is an internal coin of the exchange and was created for transactions within the system.

The issue of coins is 200,000,000 tokens. The constant “burning” of coins and the reputation of the exchange itself allows us to predict a stable growth in the value of BNB and (not excluded) its entry into the top five.

7. Tether (USDT)

Tether is a stablecoin pegged to the US dollar at a 1: 1 ratio, which makes it more of a currency token than a cryptocurrency. However, it was his attachment to fiat that allowed the coin to get into the top ten most interesting currencies according to CoinMarketCap — such an idea came to the taste of traders, and the coin is in demand.

Since Tether is developed using the Proof-of-Reserves protocol, dollar support allows the coin to find its holders among those who are confident that Bitcoin or the ether does not have material value. However, a recent statement by developers that the currency is only 74% backed by dollars has spoiled the overall impression of Tether.

8. EOS

The creator of EOS, one of the most famous crypto experts named Dan Larimer, claims that the EOS blockchain is capable of processing an unlimited number of transactions per second, which makes it the most stable among the leaders. It is impossible to say how true this is at the moment, but EOS is indeed one of the most interesting in terms of ecosystem scalability.

The issue of the system is 1,024,164,516 tokens. At the moment, 927.5 million EOS has been released, which allows us to talk about the soon rise in price. It was the approach to the peak amount that allowed the coin to get into the top ten at the end of July 2019.

9. Bitcoin SV (BSV)

The difference between this Bitcoin Cash hard fork is the increased block volume, which expands the network size and its scale. The infamous ecosystem creator Craig Wright calls BSV “true Bitcoin.” There are no fundamental differences from BCH, but the Bitcoin SV blockchain still found its users and that is why the currency often falls into the Top 10 cryptocurrencies, which indicates its instability on the one hand and potential on the other.

10. Stellar

“Stellar” is the same Ripple, only in profile. At one time, the project budded from the bankers’ coin and went it’s a way. Following Stellar, some members of the team left Ripple. The coin is good for its high transaction speed and low cost. Already managed to get cooperation with Microsoft and IBM. But they have the same problems as Ripple — lack of decentralization. Although cryptо-anarchists still value the XLM coin more than the XRP.

A total of 105,243,009,213 coins will be issued, for now there are only 19,633,173,112. Not the best prospects for price increases due to decreasing emissions!

Cool coins are not from the TOP 10

IOTA (MIOTA)

Internet-of-Things is becoming more popular and penetrates all spheres of human life. That is why many experts are betting on MIOTA tokens created for exchange within the network.

The coin is fundamentally different from other cryptocurrencies in the absence of miners and a transaction commission. Using IOTA technology, you can track not only the transactions themselves but also the order path in any industry: from jewelry to collection wines and cars. And that’s not counting the smart stuff market. So far, there are not many exchanges where you can buy IOTA tokens, but the currency is gaining new positions quickly enough. The uniqueness of MIOTA allows us to predict further stable growth (which, according to analysts, is 4% per year).

Dash

This coin has its backbone of adherents due to several obvious advantages:

• low energy consumption in comparison with market leaders;
• combination of cryptography algorithms;
• collegial decision to develop the Dash system;
• transaction anonymization.

The Dash network is highly efficient thanks to master nodes, nodes that mix transactions. Even though recently the cryptocurrency has lost a significant part of its capitalization and has left the top 10 most popular coins, Dash can be recommended as a long-term currency.

Ethereum Classic (ETC)

ETC, ideally, was to incorporate all the best from its ancestor, namely the lack of censorship and total decentralization. Competent policies (emissions and a gradual decrease in block reward) led to the fact that they began to take the project seriously and now it has firmly established itself somewhere on the border of the top 10.

What to choose?

There is no universal formula for success and the only true cryptocurrency. Although many crypto gurus respect Ethereum with respect, they also prefer to store their assets in Bitcoin coins. And if the Ether-Bitcoin deuce is stable and is unlikely to change soon, the rest of the market is constantly changing and revealing new leaders.

We showed the most interesting cryptocurrencies at the moment, which are worth a closer look, but we also recommend that you regularly check the change of positions in the top twenty, as coins like Cardano, Stellar, Tezos, and others deserve no less attention and separate material.