The cryptocurrency culture started when, in 2009, an anonymous person/group named Satoshi Nakamoto introduced the world with an asset that was about to change the world in a few years- Bitcoin.
With the launch of Bitcoin, people were introduced to a new technology called blockchain. These blockchains were the building blocks of Bitcoin, and since then, blockchain has been used in various fields and industries. After the introduction of Bitcoin, numerous other cryptocurrencies were launched like Ethereum, Dogecoin, Litecoin, Ripple, and Bitcoin’s hardfork; Bitcoin Cash was also launched.
These cryptocurrencies were introduced after the launch of Bitcoin, so, accordingly, their market cap is less than Bitcoin, but over the years, they have improved. The cryptocurrencies are making a place in the market as their position is increasing. Ethereum is second in the cryptocurrency market, followed by Ripple and the rest.
How to invest in cryptocurrency
With time, people have started moving towards digital assets to park their money to gain some monetary benefits from these assets. The process of investing in cryptocurrencies is simple, and a lot of people are already a part of the crypto community. But the one thing to be careful about is the market volatility that people face once they invest in cryptocurrencies.
Another way to be a part of the crypto world is by investing in blockchain stocks instead of investing in cryptocurrencies. They are comparatively less volatile, and the risk factor is less in the blockchain stocks. In case you’re still willing to invest in cryptocurrencies, we suggest you start with a small amount like $1 or $10.
To invest in cryptocurrencies, the first thing you’ll need is an exchange that supports the payments through your banking service and the card you use. If that checks out, then you can continue to set up an account on the exchange of your choice. Various exchanges like Binance, Coinbase, Kraken, Bitfinex, etc. are among the few who have almost all the available cryptocurrencies listed on them. Now that we have covered the basics of the crypto world and how to invest in cryptocurrencies, let’s take a look at the list of best cryptocurrencies in which a person can invest.
Cryptocurrency Overview before 2017
Bitcoin was introduced in the year 2009, and at that time, it was the lone wolf in the market as other cryptocurrencies started emerging from 2011 onwards. They used the open-source code of Bitcoin and altered it according to their own needs to set up a new platform that will compete with Bitcoin.
In the years 2009 and 2010, not many people were aware of Bitcoin, and the price of Bitcoin was almost nothing as compared to where it is today. Things started speeding up after March 2010 as people began using Bitcoins for real-world transactions and started selling them on exchanges. The price of Bitcoin by the end of 2010 reached $1 for 1BTC.
As BTC entered 2011, its first competitor was formed-Litecoin. Bitcoin faced the first price hike and dropped in 2011, reaching $31 and $2, respectively. The second price hike took place in 2013 when the price reached $266, and the same year, Dogecoin was introduced. Slowly things kept on rolling for Bitcoin as the price kept increasing with every passing year.
Vitalik Buterin introduced its blockchain-based cryptocurrency called Ethereum in 2015. By this time, Bitcoin was facing another price drop as the price declined to $504 from the ATH of $1,242. By 2016, Bitcoin was again gaining control on the market as the price slowly started moving towards $1,000 range back.
Best cryptocurrency to invest 2017
Bitcoin Cash was introduced in 2017 as it was formed during a hardfork splitting of Bitcoin. With this, the rest of the cryptocurrencies were doing pretty well for themselves, as well. Here is the list of top 7 cryptocurrencies that gave profits to people in 2017.
Bitcoin was dominating the cryptocurrency game with a market cap of $229,940,517,007, and a trade price that started from $800 noticed a spike by the end of 2017. In December 2017, the price reached an ATH of $17,900 and slowly declined again.
Ethereum was following Bitcoin with a market cap of $71,680,186,714.The price reached $336.66 within two years of its launch.
3. Bitcoin Cash
Bitcoin Cash had a market cap of $69,013,578,682, with the trade price of $4,091.70.
Ripple was in the 4th place with a market cap of $96,786,654,268, with the price of 1 unit of Ripple at $2.50 by the end of 2017.
Introduced in 2011, Litecoin stood at 5th place in 2017 with a market cap of $3,642,128,063 with a 1 LTC trading at $100.19.
Dash was in the 6th place with a market cap of $3,439,084,884, with the price of 1 Dash at $446.86.
Monero is an open-source virtual currency with a market cap of $1,985,971,808, and $129.22 was the price of 1 unit. It was introduced in 2014.
Best cryptocurrency to invest 2018
By 2018, 16.8 million BTC tokens were in circulation with a market cap of more than $191 billion. 1 BTC was traded at $11,542.60. Bitcoin was still dominating the crypto market.
Ethereum is the second most popular platform in the crypto community, with a market cap of slightly over $116 billion. The price of a single unit of ETH in 2018 was $1,252.32.
Ripple stayed in the 3rd position in 2018 with a market cap of $52 billion, and the price of 1 XRP was $1.33. Ripple was slowly gaining popularity as more people were moving towards crypto investments.
4. Bitcoin Cash
Bitcoin Cash has maintained its position in the top 10 cryptocurrencies since it has launched. The market cap of BCH was $28 billion, with a unit price of $1,605.40.
Cardano was found in 2015, and since then, it has gained popularity in the crypto market. The market cap of ADA is $16 billion, with a price of 1 unit as $0.610466.
Launched in 2014, Stellar has seen massive growth in the crypto world as its market cap reached $10.5 billion with a single unit price of $0.6290.
Litecoin lost its position in 2018 as it slipped down to 7th place. The market cap of LTC reached $10 billion, with the price of a single unit at $179.36.
Best cryptocurrency to invest 2019
Bitcoin is maintaining its position since day one as the market cap keeps increasing for the cryptocurrency. Currently, Bitcoin has a market cap of $149,859,374,637, with a single BTC trading at $8328.62.
Ethereum is tailing Bitcoin in second place with a market cap of $19,973,595,454. One unit of Ethereum is trading at $184.67. The token has seen a 0.58% growth in the last 24 hours.
XRP is holding the third position as it witnesses a 0.33% growth in the last 24 hours. The token has a market cap of $12,551,856,526, with a single unit trading at $0.290776.
A new entry in the list this year is Tether as it overtakes BCH and LTC. It has a market cap of $4,126,938,084 as a single unit trades at $1.
5. Bitcoin Cash
Bitcoin Cash is closely following Tether in the 5th place. BCH has a market cap of $4,090,602,273, with single-unit trading at $226.52. Bitcoin Cash might cover up the difference in the coming year and gain its position soon.
With a market cap of $3,550,047,924 and the unit trading price of $55.93, LTC is holding the 6th position in the charts. In the past 24 hours, LTC has noticed a decline of 2.05%.
7. Binance Coin
Bincance Coin holds the 7th position as the coin trades at $87.47, with an increase of 0.77% in price in the past 24 hours. The market cap of Bincance Coin is $2,939,392,770.
Best cryptocurrency to invest 2020
As the list has seen changes from 2018, we can expect slight modifications for the year 2020, as well. Bitcoin will maintain dominance, but a fight can be seen for the 4th and 6th position as the difference in market caps is very less as compared to others.
According to Chaintimes, the list from 2019 will carry on for 2020 as well, with a slight difference in the positions. Tokens like EOS and Stellar might enter the charts as they have seen an increase in their trading volumes in the past few days.
Over the years, several cryptocurrencies have been introduced, and many have made it to the top 50 and top 20 charts as well. This shows how more and more people are moving towards cryptocurrencies for investment purposes. This gain in the market also shows the efforts put up by the companies that launch the cryptocurrencies.