02 Jul Top 50 cryptocurrencies in the first half of 2018
2017 was the wave year for cryptocurrencies worldwide and 2018 is set to be even better. With clear government regulations, more robust exchange security and better knowledge, there’s never been a better time to invest in cryptocurrency.
Here’s our list of top 50 cryptocurrencies in 2018.
Does the first always remain the first? Bitcoin is the pioneer of current digital currencies via blockchain. In 2018, it is the leading cryptocurrency with the highest prices compared to the rest of the market, maintaining a market cap of over $100 billion.
Ethereum’s network is famous for its decentralised protocol enabling literally millions of apps and tokens. With a market cap of over $48 billion, Ethereum successfully put a record of its branding as the protocol for future decentralized applications enabling smart contracts.
XRP is Ripple’s token. The Ripple network is currently being tested as a money remittance medium by big financial institutions. It’s estimated that Ripple could save 16 billion dollars paying for transaction fees in making global payments. The XRP has become one of the top 5 cryptocurrencies in early 2018.
Bitcoin Cash (BCH)
Bitcoin Cash set out to solve fundamental issues with Bitcoin and has never backed down in its quest. 2017 saw Bitcoin Cash adopted by thousands of exchanges across the globe.
EOS created a token-based network for scaling decentralised apps on top of Ethereum. It has risen from obscurity into the 5th best-performing cryptocurrency. Its developers at Block.one have shown strong commitment to maintaining the token and allowing other developers rights to use it.
Invented by an ex-Googler Charlie Lee, Litecoin has fought and remained in the top 10 cryptocurrencies of 2018. Its algorithm improves following to the Bitcoin updates and has been adopted by many remittances globally.
Cardano is a blockchain-based network for the Ada cryptocurrency. Cardano was developed by a Hong Kong firm and led by a former co-founder of Ethereum, Charles Hoskinson. Cardano’s market cap has grown to over $4 billion at the time of writing.
Love Wi-Fi-connected home appliances? IOTA built the first distributed ledger that powers Internet of Things devices. It allows devices to talk to each other using microtransactions while maintaining data integrity.
Tether was created as a cryptocurrency backed by the US Dollar. Crypto exchanges outside the US quickly accepted it as an alternative source of payments. Tether is currently facing investigation by the US government for crypto price manipulations.
Founded by Justin Sun, TRON’s aim is to be a more secure and faster decentralisation platform. Justin is a mentee of Jack Ma of Alibaba Group that is a strong value-add to this company.
Monero prides itself as the truly anonymous cryptocurrency. Monero keeps its transaction ledger confidential and untraceable, which means every activity on the blockchain can never be known because it is immediately deleted.
Formerly called Darkcoin and XCoin, Dash is constantly supported by its Dash DAO – Dash Decentralised Autonomous Organisation. Members of the DAO vote on what projects to support and on further developments to Dash.
Ethereum Classic (ETC)
Ethereum Classic came out of a fork of Ethereum in 2015. The old tokens were renamed Ethereum Classic while newer tokens became the Ethereum of today.
NEM was developed by the NEM Foundation in 2015 as a way to solve some of blockchain’s pressing problems. It has new features such as proof of importance and encrypted messaging. NEM’s market cap is well over $1.7 billion at the time of writing.
Binance Coin (BNB)
Binance Coin is an Ethereum-based token by Chinese crypto exchange, Binance. Binance created BNB and encouraged its use by giving out discounts to BNB users on its exchange. Binance has become one of the largest cryptocurrency exchanges in the world since it launched in 2017.
VEN by VeChain organisation does not believe in a fully autonomous cryptocurrency. VEN is managed by a governance system with several layers of people on board.
Omisego was invented by Omise – an online payment provider in Southeast Asia. The token OMG was developed to be used in apps, games and for crypto and fiat payments.
QTum is a cryptocurrency developed by the QTum foundation. QTum’s blockchain is a hybrid of Bitcoin and Ethereum. It was invented as a scaling solution for decentralised apps.
Ontology is a Chinese cryptocurrency project for building a trust ecosystem via decentralised networks. Ontology’s technology can support multiple blockchains and traditional IT systems.
Zcash is another privacy-focused cryptocurrency. It shields transaction information such as the sender, value of transaction and receiver.
ICON’s mission is to connect the real world to cryptocurrency. Its wallet supports multiple cryptos and it is a member of the Blockchain Interoperability Alliance.
Bytecoin’s unique value proposition is privacy. The cryptocurrency aims to provide security and privacy. It also offers no fees for transfers from one BCN user to another.
Zilliqa’s project started in June 2017 and its aim is to create the world’s first high-throughput blockchain platform. Zilliqa is designed to support thousands of transactions per second.
0x is an open and permissionless protocol designed for tokens to be traded on Ethereum’s blockchain. Its token is ZRX.
Aeternithy’s core blockchain code is written in Erlang, which makes its blockchain really fast and scalable. AE is the token on its blockchain network that is being utilized for transactions.
Steem is a blockchain-based currency for publishers to monetize content and grow their community. SMT is the token that publishers can send to users, who can then trade it for fiat currency.
Decred is yet another autonomous digital currency. It uses an innovative consensus voting model and implements decentralized decision-making and self-funding for making a decision.
Bitshares is a blockchain platform for financial services. It enables institutions to create their own cryptocurrency that is stable and non-volatile.
Bytom is a blockchain platform for peer-to-peer financial transactions. It is intelligent, flexible and efficient.
Verge has had a tough 2018 but remains a contender within the top 50 cryptocurrencies. It is an improvement of Bitcoin and provides privacy by hiding information concerning transactions.
Siacoin is the token for Sia — a blockchain project that uses free hard drive storage around the world to create a cloud storage platform on blockchain technology.
Augur is a cryptocurrency project which allows users to create market predictions based on a wide range of events. REPis the token on this platform.
Nano is a low-latency blockchain platform that uses much less resources than typical blockchain networks. Because of this, transactions are instant, there are no transfer fees and it can process far more transactions than Bitcoin.
MKR, or Dai as it is often called, is a stable cryptocurrency that is priced against the value of the dollar. Dai runs on the Dai Stablecoin System, which in turn, is on the Ethereum network.
Bitcoin Diamond (BCD)
Bitcoin Diamond is a hard fork of Bitcoin, increasing the limit of block sizes on the blockchain to 8MB. BCD claims it has faster transactions than Bitcoin.
DigiByte is a public and decentralised blockchain. It has been running for 4 years and enables secure and faster transactions, and lower fees than Bitcoin.
Populous is a platform for businesses that helps them invoice better and get paid faster using the PPT cryptocurrency.
Dogecoin development started by the joke from the Doge internet meme in 2013. It has become one of the most popular cryptocurrencies and turned into a serious blockchain project now.
Golem is a decentralised computer that anyone can access. It is made up of the power of users’ computers and can be used for complex computer calculations and image rendering.
Waves is a decentralised exchange for trading cryptocurrency. Waves stores digital currency in its wallet on your device and, as such, it makes your crypto asset securely stored even if the service gets hacked.
RChain is a decentralised applications platform powered by the Rho Virtual Machine. Its token for transactions on its platform is RHOC.
Status allows users to browse, chat and make payments within one app. It is a marketplace for Dapps and allows cryptocurrency trades between users.
IOST is a blockchain-powered cryptocurrency which uses Proof-of-Believability and Efficient Distributed Sharding to power faster and more secure digital transactions.
Stratis builds blockchain apps in C# on the .Net framework. Its token, STRAT serves as the currency of value in its marketplace.
Wanchain is a platform for enterprises to build blockchain applications using its technology. It includes a decentralised exchange, asset management tools and an ICO platform.
Basic Attention Token (BAT)
Basic Attention Token is a platform for publishers to get rewarded based on the attention of their users. The first implementation of BAT works within the Brave Browser.
These are the top 50 cryptocurrencies as of the 18th of July, 2018.