Top Cryptocurrencies Of 2020 |
Posted: February 27, 2020 |
Everyone is aware of the fact that cryptocurrencies have been making strong waves in the financial world. Ever since the popularity of the Bitcoin founded by Satoshi Nakamoto in 2009, it paved the way for other alternate coins called altcoins. Now, these coins are becoming a close competitor to Bitcoin and are thriving to become people’s choice. Now the question arises, about those cryptocurrencies which are ruling the market. So today we will be highlighting those top cryptocurrencies of 2020 in this blog. So check out the list. List Of Top Cryptocurrencies 2020 According To Market CapitalIf you are not abreast with cryptocurrency upcoming events, then it becomes important for you to know about it. Today we will be letting you know about those cryptocurrencies which are giving each other tough competition and are trending in the market capital. This list does not belong to previous years; instead, it is the estimated report of the current year 2020. So let us find out which are those digital currencies which have made it to the top list. 1. Bitcoin ($156.52 Billion)Leading to the top cryptocurrencies of 2020 is none other than Bitcoin. If you have been dealing in cryptocurrencies, then it won’t be new for you to know about Bitcoin is the first cryptocurrency which was founded by Satoshi Nakamoto in 2009. Bitcoin made a remarkable development in eliminating the role of middleman and central authorities like government and banks. According to sources, it is estimated that three-fourths of the Bitcoin has been mined, indicating its value to move forward. 2. Bitcoin Cash ($5.76 Billion)Bitcoin Cash also called as Bcash, was developed by Bitcoin developers and miners in 2017. If you seem a bit confused between Bitcoin and Bitcoin Cash, then let us tell you that these two are generated from the same Bitcoin blockchain technology. But when it got split into two, the original Bitcoin remained the same, and the other came to be known as Bitcoin Cash. In terms of comparison, Bitcoin Cash is much-preferred by the investors because it has cheaper transfer fees and is much faster to the original Bitcoin. 3. Ethereum ($17.50 Billion)Ethereum came much later to the popular Bitcoin in the cryptocurrency world in 2015. When it comes to comparison between these digital currencies, then you will come to know that Ethereum provides smart contract application, whereas Bitcoin provides P2P (Peer to Peer) transactions. But Ethereum is benefitted with many uses that seem to drag consumers attraction and prompts them to do more than financial transactions. 4. Litecoin ($3.57 Billion)Dating back to the year 2011, you will come to know about the split of Bitcoin by hard fork. One remained the Bitcoin, and others came out as Litecoin. Here also if you want to know the comparison between the two, then Litecoin’s transaction speed is much faster than Bitcoin. 5. Monero ($1.12 Billion)When it comes to differentiating between the mining process of Monero and Bitcoin, then Monero’s mining process is laggy in comparison to Bitcoin mining process. The reason for Monero bagging its position in the top cryptocurrencies 2020 is its privacy and secured features which makes any transactions confidential and impossible to track. Besides this, cryptography is well-used for securing transacted amounts and sending and receiving addresses. ConclusionSo these are those top cryptocurrencies of 2020, which are known to dominating the market capital. Leading the top position is one and only Bitcoin with $156.52 Billion. Following others is its extracted sibling Bitcoin Cash, Ethereum, Litecoin and Monero. In this blog, you’ve been given concise information about these virtual currencies which sets them apart from each other. It is surprising to note that, even though Bitcoin stands at the top of the list, there are cryptocurrencies like Bitcoin Cash and Monero, which contains features that make them much better than Bitcoin. Citing one example is Bitcoin Cash, which is much faster in making transactions in comparison to the original Bitcoin.
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