Top 7 Cryptocurrencies

With all the hype and new entries into the cryptocurrency stage, it can become very confusing to the new investor. With a new coin entering the market almost daily, and others dying and falling apart. The stability of these new technological assets can seem overwhelming to difficult to predict and forecast.

This short list will provide you with the Top 7 Cryptocurrencies with the highest usability, value, and long-term potential. That can be expected to maintain and increase in their value over-time. While having actual utility in the long-run. Please note that these are based on my own personal experience, opinion and research. Do your own due diligence when making investments.





 

Bitcoin (BTC)

The original golden child of the cryptocurrency world and often synonyms with the word “cryptocurrency”. Bitcoin is the first peer-to-peer digital currency to have entered the world and has seen monumental growth and recognition since its creation in 2009.

Currently holding the greatest marketing capital of any other cryptocurrencies, Bitcoin is viewed similar to gold, and is used as a store of value. Many critics argue that it’s currently not the ideal coin to replace traditional currency due to it’s high fee costs and long transfers times. This is largely the reason behind altcoins.

 

Ethereum (ETH)

Ethereum is the second most hyped cryptocurrency that entered the market and has lead to a huge spike of investment and intrigue within the space. Basically what makes Ethereum different to the likes of Bitcoin is that it is a platform that other products (tokens) can be built upon. And has additional features such as smart contracts that make it a much more viable solution in the world of commerce.

Smart contracts are essentially autonomous programmed instructions that are triggered within the Ethereum ecosystem without a third party. Keeping the platform and governance decentralized and untouched by traditional institutions and governmental structures. This is the reason behind its high growth. However, Ethereum, like Bitcoin and many of the other coins, still has it’s limitations and undergoing further steps to enhance its usability and scaleability.

 

Ripple (XRP)

Ripple plays out a little differently. It’s positioning itself to be the most efficient settlement option for financial institutions and liquidity providers seeking global reach, accessibility and fast settlement in the financial world. By reducing the costs of international fund transfers and international financial activity, through it’s RippleNet infrastructure.

Basically allowing banks, payment providers and digital asset exchanges to transfer funds more efficiently with minimal delays and costs. With such an ambition Ripple is viewed differently across the community and something that requires your own investigation and thought through before investing.

 

Litecoin (LTC)

Litecoin is quite similar to Bitcoin. Because it was built on the Bitcoin protocol and uses much of it’s design & technology. However, where it differs is the hashing algorithm used. Which makes it easier for consumer grade GPUs to mine it. Which results in a more cost effective and faster platform of exchange.

In addition to that, Litecoin offers its users instant, near-zero cost payments to anyone in the world. Which makes it a more likable contender to be actually used as a means of currency and value exchange. Unlike Bitcoin, which has become more of a store of value due to it’s slow transactions times and high free structure.

 

Bitcoin Cash (BCH)

Bitcoin Cash, also known as Bitcoin ABC is a hard-fork on the original Bitcoin protocol and technology. Aimed at fulfilling the original promise and ambition of Bitcoin. By being providing users reliability and low cost transactions, in addition to other quality of life features.

It’s their aim to become the worlds number one digital currency platform. And given the Bitcoin name, the team behind it and the support of much of the community. There is a high likelihood of it’s long-term potential.

 

EOS (EOS)

EOS is similar to Ethereum in that it’s an blockchain technology that other applications can be built on. However, due to its design the range of potential applications are greater than that of Ethereum. EOS claims to allow vertical and horizontal scaling in addition to features such as accounts, authentication, databases and more.

To put things into perspective you can even build a game on the technology. And I believe a few companies are already working on releasing such games. EOS is one of the more affordable cryptos to currently get into based on individual pricing.

 

Cardano (ADA)

Cardano is one of the newest entrances into the market and brings with its own unique flair. The platform is backed by a team of academic experts and technologists, some of which previously having worked on the other well known names. It aims to be the glue that brings all the separated technologies and platforms together.

Cardano is taking a more scientific and paced approach which is focused on building strong foundations in layers. And gradually expanding and adding features that will make it one of the most, if not the most versatile and user-focused crypto. Unlike the other platforms that take the leap first, look later approach. In which case they have to go back and make improvements and adjustments. Cardanos team is taking the look before you leap approach, which means that the technology will be more matured and able to perform and meets its promises.





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To Conclude

This is for those looking for safer investments, these are names that have more or less withstood the markets ups and downs and have some form of consistency and long-term potential that is more alike to more traditional investment types and avenues. Depending when your enter the market, and how long your investment window. You will in most cases see a nice return. But don’t take my word of it.


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