Infographic – Description of Top 33 Cryptocurrencies in 4 words or less
As we see the invention of Bitcoin has led to the birth of many cryptocurrencies. At present there are 700 cryptocurrencies available in the market with few which have marked their space in the crypto world and some others in the queue fighting to establish. The crypto markets and few financial institutions have rated the cryptocurrencies and identified Bitcoin, Ethereum, Ripple, Bitcoin Cash and few others as top rated crytocurrencies. But on what criteria are these cryptos rated;
Investors choose to look at the adoption rate and focusing on the portfolio of cryptocurrencies that are currently being used in the real world transactions. One such cryptocurrency is Ripple.
The market cap of a cryptocurrency goes along with the liquidity. Fledgling cryptos may not find the markets ever and prevents investors from exiting the position of profitability.
Both Ethereum and Ripple have got stratospheric gains in 2017, due to the innovative technology built on their respective platforms which differentiates these cryptocurrencies from the crowded market.
Anonymity and Security Features:
Technologies such as smart contracts have found Ethereum to make transactions more securely by enabling few set of rules for each transaction. Crytocurrenices like Monero place a strong focus on anonymous by obscuring the identity of the receiver and sender funds.
Again Ethereum and Ripple are good examples of cryptos which have utility beyond the simple medium of exchange. Ripple has attributed to a rise in popularity and price in 2017 and is also accepted in the financial industry as tool to transfer money around the world.
See the infographic description of Top 33 Cryptocurrencies in 4 words or less below:
Credit – MrBTC