Thursday, December 14, 2017

Top 10 Cryptocurrencies Ranked By Price
Cryptocurrency Logos

The meteoric rise of Bitcoin in 2017 has made the world sit up and take notice of the cryptocurrency phenomenon. As it broke through the $1000 barrier in February, financial firms started according it serious currency status. May 20th marked another milestone when it broke the $2000 barrier. The upward rally continued until early September when it almost breached the $5000 mark - its rise seemingly unstoppable; only to slump down back to $3000 levels by mid September. This fed in to the long held public belief that price correction was inevitable as growth charted could not have been organic, much like the dot-com bust of 2001. Unfortunately for them, Bitcoin would be moving up and to the right within a month, breaking through the $10,000 on the 1st of December, 2017. And this time, not only would it chart new heights for itself, it would bring other cryptocurrencies along for the ride.

Cut to a fortnight later, everybody wants in on the blockchain boom. But as 99% of us have been too late to the party, it doesn’t hurt to hitch our rides to the second best cryptocurrency, or the third, or fourth, and so on. Bitcoin might be out of our purchasing power range, but there are other blockchain based currencies that have shown potential and are still capped at <$1000.

Listed below are the top 10 most expensive cryptocurrencies, ranked in descending order by their price in US dollars. And surprise...Bitcoin doesn’t get the top spot.
1. Russian Miner Coin - RMC : Price - $22, 923.50
Russian Miner Coin
 Russian Miner Coin brings together miners, engineers, creators, and developers. It's an exclusive closed club of miners aimed at getting the best ROI.
2. Bitcoin: Price - $16,824.30
Bitcoin is the most well known and most widely accepted of all cryptocurrencies currently in circulation. Its phenomenal rise this year also sparked interest in other cryptocurrencies, driving their collective market value skywards.
3. Bitcoin Cash: Price - $1910.59
Bitcoin Cash
Bitcoin Cash
Bitcoin Cash is almost similar to Bitcoin, the difference is in their focus areas. While Bitcoin endeavours to be a decentralised currency as its main objective, Bitcoin Cash prioritises fast and cheap, on the go payments, with the aim to onboard as many users, as quickly as possible, leading to a decentralised currency becoming the norm.
4. Dash: Price - $910.32
Dash Coin Cryptocurrency
Dash - Digital+Cash. Mostly used for payments online, anywhere. It's an open-source platform that allows users to make private payments across the globe.
5. Ethereum: Price - $710.04
Ethereum Logo
Ethereum is a decentralised applications platform that allows creation of apps employing the blockchain model. It focusses on user privacy and decentralised data by replicating data nodes across the spectrum. After Blockchain, Ethereum is the most sought after cryptocurrency.
6. Zcash: Price - $443.61

Zcash is an open-source protocol where every user is responsible for its mining and distribution. It aims at providing end to end user privacy in all transactions,  and employs cryptography to provide a truly decentralised, and fungible currency.
7. BitConnect: Price - $377.77
BitConnect Logo
BitConnect Coin
BitConnect Coin is another cryptocurrency that allows peer to peer transactions. It also allows users to accumulate substantial interest on their investments.

8. Monero: Price - $320.09
Monero Logo
Monero allows for untraceable online payments by deploying stealth addresses and obfuscating the source, price, and destination of every transaction.

9. Bitcoin Gold: Price - $313.65
Bitcoin Gold Logo
Bitcoin Gold

Bitcoin Gold is an offshoot of the original Bitcoin that forked away from the original due to shifting priorities. It uses a different 'Proof of Work' algorithm and mining hardware that allows for unique addresses and more secure transactions to protect users.

10. Litecoin: Price - $287.63
Litecoin Logo
Litecoin was developed as a faster, cheaper, and an easier to use alternative to Bitcoin. It allows for P2P transactions, apps integration, and can be bought at most online cryptocurrency exchanges.  

If you can't afford these price points, visit Coin Market Cap to check out the next 1345 cryptocurrencies on this list.

Cryptocurrency prices are prone to wild fluctuations by the hour, the prices shown here reflect prices at post time.

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