Sponsored: TOP 5 CryptoCurrencies
Cryptocurrencies are taking the world by storm and are evolving at a rapid pace. Over the past 5 years Bitcoin alone has developed faster than any other investment like gold or even the stock market. Many people believe that there are only one kind of cryptocurrency, namely Bitcoin, but over the past decade or so there have been numerous ‘copycat’ currencies that seem to be keep to the pace and deliver the desired results. Here are the top 5 cryptocurrencies currently available worldwide.
If there is one currency that can make it big, it is Ethereum. This currency has already grown by 1000% over the past few months, showing no signs of slowing down. Experts believe that this currency will eventually outrank and takeover Bitcoin if it continues to grow in such a positive direction. Its current market cap is $28,279,542,593 and is currently sitting at a price of $304.36. The team behind the idea of Ethereum are innovative, smart workers that allow an element of flexibility when it comes to trading with the cryptocurrency. Experts note that this currency will soon have a price of $500 per unit and completely destroy Bitcoin in its market cap.
Factom used to go by the name ‘Notary Chain’ and it has been predicted to grow a lot in this year alone. Factom allows companies to create databases and to store information into their own blockchain in order to create hash of data to be, in turn, stored into the Bitcoin blockchain. Its market cap is slightly smaller than Ethereum, sitting at an impressive total of $216,822,487 and its current price is $24.77. Experts note that even though this is still a small amount for a cryptocurrency, it will definitely grow by $30 before the end of summer.
MaidSafe has been around for about 10 years and they have recently launched their MaidSafe Alpha MVP this week. This is a decentralized database which allows you to encrypt your data and upload it on the decentralise server. No one can access your info and it is 100% safe, without taking up any space. The market cap for MaidSafe is $215,628,553 and it is currently sitting at a price of $0.476472. Experts note that as soon as they go live their price will skyrocket a few dollars more and may even hit $600 in a few years’ time.
The cryptocurrency we are all familiar with is of course Bitcoin. It has the network effect, influencing users on MySpace and Facebook the most. Over the last few years it got a bit of venture capital which means that we’ll be seeing impressive things in the future. Its market cap is currently $41,778,527,175 and it trades at $2544.50 per unit.
Lastly, Ripple is a currency with potential if its developers make the right choices. It has done business with big banks but experts are still a bit weary as to whether or not they should praise this currency yet. Its market cap is $10,219,128,991 and it trades at $0.266878 per unit.