FX.co ★ Top 10 currencies by market capitalization

10. Cardano

Cardano is a cryptocurrency project and a smart contract platform. Cardano is aimed at developing decentralized applications and contracts to be built and executed in a secure, scalable, and a low-cost way.

With the help of this cutting-edge platform, the cryptocurrency economy and the democratization of the money turnover will be introduced to emerging markets.

Cardano is a blockchain-based platform, similar to Bitcoin or Ethereum. With the price of $0.1, its market cap currently stands at $2.6 billion and $58 million in daily trade volume.

9. Monero

This cryptocurrency was launched on April 18, 2014 as a fork of Bytecoin. It utilizes a CryptoNight hashing algorithm. Monero is known for its privacy and anonymity,

The burgeoning use of the coin was a red flag to Europol, which concluded that Monero could be used in the darkweb for illicit drugs trade, child pornography distribution, etc.

Monero's market cap at the time of writing this article is $4 billion. Its price has risen to $264 with the volume of $272 million.

8. Bitcoin Gold

In late October, the Bitcoin blockchain forked to create Bitcoin Gold, which stands 8th in our ranking. The emergence of Bitcoin Gold stirred up controversy, with experts giving uncertain and mixed forecasts about the coin, thus confusing investors.

Priced at $264, it has market value of $4.4 billion and $165 million in trading volume.

7. Litecoin

Litecoin is the second fork of Bitcoin after Namecoin and an online payment system with the same-name cryptocurrency.

Litecoin can be exchanged for Bitcoin and common money in exchangers. It is also accepted as payment for goods and services by some sellers.

The functioning and protection of the system is provided by cryptographic methods.

Litecoin's market cap is $5.2 billion, with the price of $96 per one coin and a $655 million trading volume.

6. Dash

Dash is another open source peer-to-peer cryptocurrency. Its opened decentralized payment system using a mechanism makes transactions anonymous.

Similar to most cryptocurrencies, new coins are generated through the mining process, with 90% of the mining reward distributed between miners and Masternodes operators, and the rest 10% going for network improvement financing.

The market capitalization of Dash is $5.3 billion, its price is $694 and the volume is $ 245 million.

5. Ripple

The cryptocurrency platform for payment systems geared towards transactions with currency exchange without chargebacks was developed by Ripple and launched in 2012. The Ripple network allows real-world assets to be transferred between two parties using a process called an issuance.
It supports tokens representing fiat currency, cryptocurrency, commodity or any other unit of value such as frequent flier miles or mobile minutes.

With the price of $0.3 and a volume of $566 million, it has market capitalization of $9.3 billion.

4. IOTA

IOTA is not just a cryptocurrency; it is a new ecosystem for the so-called Internet of Things (IoT). It has overtaken such giants as Dash and Litecoin by market cap. Analysts predict it will exceed the market value of Ethereum in the near future.

3. Bitcoin Cash

Bitcoin Cash is another split of Bitcoin which emerged in August this year. Block 478558 was the last common block found and the next event was the first Bitcoin Cash. The blockchain forked into two different chains with different algorithms.
The market capitalization of Bitcoin Cash is $26.4 billion, its cost is $1,572, and the volume is $2 million.

2. Ethereum

Ethereum is a distributed application platform which means developers can build applications that users will access and interact with using “ether”. The platform supports “smart contracts” which are chunks of code that automatically send money based on certain events happening.

Co-founder of Bitcoin Magazine Vitalik Buterin introduced the cryptocurrency in late 2013. It was launched in the web two years ago.

Ethereum has greatly simplified the program coding for decentralized applications, which explains the interest of software giants such as Microsoft, IBM and Acronis.

The market capitalization of Ethereum is $41.2 billion, its price is $428, and the volume is $2 million.

1. Bitcoin

Bitcoin is a peer-to-peer payment system using the same unit for accounting operations and the same data transfer protocol.

The protocol and software are published openly.

Bitcoin is accepted as payment for goods and services by some sellers.

Exchange for usual currencies occurs through online exchange services, other payment systems, and exchange points or directly between interested parties.

As of the time of writing, it has a market capitalization of $213 billion, the price of $12,745 per BTC and a volume of $14 billion.