FXTM information and reviews
FXTM
93%
IronFX information and reviews
IronFX
92%
Libertex information and reviews
Libertex
91%
FXCC information and reviews
FXCC
90%
Markets.com information and reviews
Markets.com
89%
FxPro information and reviews
FxPro
88%
EUR/USD
1.1712
BTC/USD
44 254.29
GBP/USD
1.3655
USD/JPY
109.9680
USD/CHF
0.9259
USD/CAD
1.2684
EUR/JPY
128.7945

The Finest 10 Cryptocurrency List To Look At!


17 September 2020

Cryptocurrency is a revolution that has erupted the financial world with the possibility of having a digital currency. Today, the cryptocurrency list we have tends to be on the rise because of the ease and seamless way of transacting business.

Cryptocurrencies have disrupted the expectation of money since its inception. It has continued to change the financial industry since the first mining took place in 2009. Since this feat, we have seen thousands of cryptocurrencies introduced with different features.

Bitcoin remains popular among cryptocurrency enthusiasts because it is the first cryptocurrency in the cryptocurrency list in the world.

What are cryptocurrencies?


Cryptocurrencies are digital currencies, which are similar to digital cash. It allows one in the cryptocurrency market to perform direct, fast, and seamless transactions between parties. One of the reasons behind its popularity is due to the opportunity it gives users to have full control over their balance and payments besides transparency during each transaction.

You may have observed that the cryptocurrency list in the crypto market is numerous if you are a beginner. However, each coin has its reason for being introduced. For instance, some coins allow individuals to pay for meals, buy cars, pay for services, etc. Bitcoin is renowned among this cryptocurrency list because of its widespread acceptance by various vendors.

What is the top 10 cryptocurrency list?


For newbies, besides knowing how to trade cryptocurrency, it is essential to know that we have a lot of cryptocurrencies. Currently, we have over five thousand cryptocurrencies in the world. Nevertheless, most people are unfamiliar with these coins. In this section, we will look at a few of the top 10 cryptocurrency list in the cryptocurrency market.

Bitcoin (BTC) 


Bitcoin is widely recognized as the first cryptocurrency to have graced the world and is the most traded cryptocurrency since its initial release in 2009. Compared to other cryptos, it has a massive market capitalization. High market capitalization is a sign of less risk because of the availability of more users. Bitcoin is used in different spheres of life, such as to transfer money without fees, fund companies, and invest cash.

Bitcoin can be created by generating blocks within the network. You can get Bitcoin via exchanges, ETFs, CFDs, P2P, accepting BTC payments on your website, earning BTC through affiliate programs, etc.

Ethereum (ETH)


Second on our cryptocurrency list is Ethereum, which is quite a newcomer in the crypto world. It was founded in 2015 and is rapidly rising as the second most popular coin in the cryptocurrency market, especially because of its unique Blockchain and multiple applications. Ethereum is built on the ethereum network and is used for building applications and smart contracts.  It has the largest and most active blockchain community across the globe.

Ripple (XRP)


This cryptocurrency prides itself as the first in providing fast transactions. The core of its identity is its fast transaction due to its processing speed of four seconds. It has high scalability, prominent investors backing it, and considerable potential. Ripple is a money transfer network that comes with its own coin. It is a cheaper and faster means of cross-border payments. Transactions are processed within 4 seconds, making it one of the fastest networks.

Tether


Tether was created with the hope of having a stable cryptocurrency that would serve as digital dollars. It is designed to mirror value of the U.S. dollar. It is the most famous stable coin and it used as a replacement for the dollar on several renowned exchanges. Tether converts cash into digital currency, in order to “tether” or anchor the coin’s value to the price of national currencies, such as the US dollar, Japanese Yen, the Euro, etc. The dollar is supposed to back every tether in reserve in 1:1 ratio. The tether is to help in minimizing the volatility in the crypto market.

Bitcoin Cash (BCH) 


BCH is fifth in our cryptocurrency list but serves as an improvement to Bitcoin’s scalability that affects its transaction speed. This feature has contributed to the widespread popularity of BCH. Bitcoin was created from a hard fork in the network of Bitcoin. BCH serves as e-cash, it’s cost-effective, helps in making direct payments, and a fast means of online financial transaction between two parties.

Bitcoin SV


On 15 November 2018, the Bitcoin SV otherwise known as Bitcoin Satoshi’s Vision, was created out of Bitcoin Cash’s hard fork. Its purpose is to try and restore the original protocol of Bitcoin. A part of the ecosystem attempted to increase the blocksize further and take care of scalability.

Litecoin (LTC)


Although Litecoin and Bitcoin have the word "coin" in them, they are quite similar. Litecoin has a public ledger, Blockchain, and miners who validate each transaction. Nevertheless, Litecoin has three key features that distinguish it from other cryptocurrencies, including less complex algorithms, a more abundant supply of currency, and processing speed.

Litecoin generates four (4) times the number of blocks generated by Bitcoin, hence its speed and confirmation are faster than bitcoin’s.

Binance Coin


Binance coin (BNB) was created by Binance in 2017 and it runs on the Ethereum blockchain with ERC 20 standard. The token is used for discounted trading fees on the Binance exchange.

In addition, one can use the coin for paying for travel expenses (like flight booking, and hotel), for shopping using a credit card, and for purchasing virtual gifts, and lots more.

EOS (EOS)


Launched in June 2018, EOS was designed after Ethereum. The platform is notable for various reasons, including it being the longest and most profitable initial coin offering in history.

EOS main purpose is to create an open and free platform to help develop more secure, faster, and simpler decentralized applications (dapps). However, the fear about EOS is that it is becoming too centralized.

Tezos


Tezos is another renowned coin in our cryptocurrency list that was released in September 2018, after one of the most successful ICOs. Tezos (XTZ) is a blockchain network that is associated with a digital token known as tezzie or tez. Holders of Tez tokens are rewarded for participating in proof-of-stake consensus mechanism, instead of mining the token.

Tezoz governs itself via the establishment of a true digital commonwealth. A commonwealth is a group of person linked together as a result of their common interests or goals.

How to trade Cryptocurrency of your choice


Are you interested in knowing how to invest in cryptocurrency? The first way of trading cryptocurrency is to set up a wallet of your choice. You can start by setting up a bitcoin, Ethereum, or any wallet of your choice. Then, you buy the cryptocurrency coin on an exchange before transferring it to your wallet.

Through this, a trader can securely maintain more than one wallet while exchanging the purchased coins. However, hackers and cyber theft tend to target exchange platforms. Notwithstanding, trading with 101Investing comes with several advantages since the platform has an SSL secured online platform, which is a huge advantage in dealing with potential theft and hackers. The platform offers clients an easily accessible way to trade cryptocurrencies through contracts for Difference.

Tips for trading cryptocurrency


Understanding the basic rule in trading "buying low and selling high" is also applicable to the price of cryptocurrencies, which changes price points. Irrespective of your capital size, there will probably be a digital currency within the cryptocurrency list that you could work with. Importantly, following news on various digital currencies is essential if you want to find the most suitable cryptocurrency to trade CFDs on.

When trading cryptocurrency, there are two crucial factors to put into consideration. These are technical and fundamental analysis, which are pivotal in trading. The fundamental analysis considers various factors, such as politics, interest rates, and major news events. However, technical analysis deals with the reading of price.

Factors affecting Cryptocurrency Price


Numerous factors contribute to the movement of price in the market. These include:


Advantages of Cryptocurrency

Disadvantages of Cryptocurrency

Basic concepts of Cryptocurrency Trading


Before starting your trading journey, it is essential to understand the key concept in the cryptocurrency market. These are common terms you will come across when trading any digital currency.

Start your Trading with 101Investing


Cryptocurrencies have genuinely revolutionized the financial industry, and there are indications that they will be wholly accepted as a general means of payment. Notwithstanding the negativism around cryptocurrency trading, the demand for it is increasing with the price rising.

Due to its high volatility nature, bitcoin investment or other cryptocurrencies is an option to consider if you are thinking of a new trading instrument. To begin, trading with 101Investing comes with significant advantages such as:

How to start trading with us


Having provided you with the top 10 cryptocurrency list to invest in, you still need to understand how to start trading on our platform. The procedure is quite straightforward; just follow the steps below:

Conclusion


The top digital currencies on the cryptocurrency list have been tested and proven to be the high performers in the crypto ecosystem. The demand for these coins has led to their enormous capitalization as well as high prices.

Bitcoin investment or investment in altcoin is a very popular option available for every investor and a possible way to diversify a portfolio, especially the portfolio of the ones who are aiming for higher returns. However, always remember that under unfavorable circumstance it can always bring opposite results. 101Investing offers you the opportunity to become a confident trader and at the same time all the necessary tools to turn your trading dream into reality.

#source

Related

Trading Commodities with Moneta Markets
Trading Commodities with Moneta Markets

With 15 of the most liquid and widely traded commodity markets on offer, there are countless opportunities to capitalize on major market cycles and seasonal trading conditions...

23 Sep 2021

FBS Launches New Crypto Account with 100+ New Instruments
FBS Launches New Crypto Account with 100+ New Instruments

We are happy to present another feature that will expand trading opportunities for FBS clients. A new type of account has been launched: Crypto account...

23 Sep 2021

Trade CFDs on the hottest stocks in the market!
Trade CFDs on the hottest stocks in the market!

At FxPro, we are constantly developing and adding new products to meet our traders' needs and have expanded our product offering to include popular new US Share CFDs...

22 Sep 2021

Trading gold CFDs with LegacyFX
Trading gold CFDs with LegacyFX

Commodity trading on Contract for Difference (CFD) basis is a deal between a buyer and a seller to trade not in the actual commodity but on the difference in the price of the commodity...

22 Sep 2021

AMarkets market sentiment indicator
AMarkets market sentiment indicator

AMarkets has recently launched a powerful analytical tool called Trade Analyzer, and we are ready to share another great update with you. Now, all AMarkets clients...

22 Sep 2021

Trade Forex CFDs with your Multi-Asset Broker IronFX
Trade Forex CFDs with your Multi-Asset Broker IronFX

With over 1.200.000 million retail clients, the best trading conditions and a 24/5 multilingual support, IronFX is the preferred choice for those who want to trade Forex CFDs...

20 Sep 2021


Editors' Picks

OctaFX information and reviews
OctaFX
86%
HotForex information and reviews
HotForex
85%
XM information and reviews
XM
80%
FXCM information and reviews
FXCM
79%
Vantage FX information and reviews
Vantage FX
78%
Moneta Markets information and reviews
Moneta Markets
77%

© 2006-2021 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.