Cryptocurrencies, also known as digital or virtual currencies have proven to be one of the most profitable investment asset. Cryptocurrencies are also trending as a viable payment method in 2017. Many individuals and firms have shown their interest in cryptocurrency investment in recent few years which has caused the values to raise with a huge swing. Economy has faced a noticeable shift from traditional investments like Real estate and stock exchange towards cryptocurrency investment.
Below, is given some of the best cryptocurrencies to invest in 2017. We have ranked them according to their value, demand, market cap, future scope and growth rate.
If we talk about the asset value and market capitalization, Bitcoin has topped the list. Since 2016, the price of bitcoin has raised from 460 US dollars to 1182 US dollars per bitcoin. Today, its market capitalization is $19,439,641,181.95.
Bitcoin is the very first cryptocurrency and was invented by Satoshi Nakamoto. Bitcoin is divisible and the smallest part of a bitcoin is called Satoshi. If you can’t afford to buy a bitcoin, you can buy as many Satoshis as you can. It is the most traded virtual currency and is being accepted widely nowadays.
After bitcoin, Ethereum is the currency which is having the largest market cap of $4,390,800,466.1 with a price of 48.4 US dollars. It was launched in 2015 and gained a reputable fame within 2 months. This is the first cryptocurrency which gained an investment of millions of dollars in its initial coin offer stage. Since then, its value graph is enjoying an upward slope.
According to research and current stats of different digital exchanges, Litecoin falls below Ethereum. Alike bitcoin, Litecoin is an open source blockchain based product designed specifically for pear-to-pear transactions. The current price of Litecoin is $10.66119561 and market cap is $539,732,431.1.
We have ranked Ripple as 4th most popular and highly traded cryptocurrency. Its market cap according to the last 24 hours is $1,308,377,070.48. The trading price of Ripple has reached $0.03486000 today. Ripple was launched in 2012 and has gained such a popularity in a short period of 5 years. Ripple is known as a real time system for settlements.
In April 2014, Monero was launched with the ideology of decentralization and privacy. It is another open source digital currency that proved its sustainability and practicality in a very short span. You can get a coin of Monero against $21.86216073. The market cap of Monero is $312,432,794.8. Monero is behind Ripple in this ranking due to its lower market cap.
As discussed earlier, these ranks are decided depending upon the current status of multiple cryptocurrencies in different exchanges. The rankings are subject to change with passage of time depending upon their demand and supply. We will keep on updating these rankings on regular basis. If your views contradict our ranking, feel free to share. Do not hesitate to reach us out via the comments section given below.