In spite of their dominion, different cryptocurrencies have taken off to astronomic statures in terms of market cap.
Here we are listing 10 Bitcoin and Ethereum rivals with more than $1 billion market cap:
Bitcoin Cash came into existence after the fork of August 2017. During the last four months, the market capitalization of BCH took off to USD 27 billion at a growth of 567%.
Litecoin was developed in 2011 by an former Google employee; Charles Lee. Even if LTC use a different algorithm than Bitcoin, it is very similar to the cyrptocurrency in many aspects. The current market cap of LTC is USD 17 billion.
3. IOTA (MIOTA)
IOTA is one of the latest entrants in the cryptocurrency world. It has made a huge difference in the digital space since June 2017. Unlike Bitcoin or Ethereum this cryptocurrency is non-minable. The current market cap of IOTA is 13 billion.
4. Ripple (XRP)
The Ripple network is as a payment enabler for any moded of cash- virtual or real. Just like Bitcoin, there is a cryptocurrency for the network with the same name. And similar IOTA, this cryptocurrency also cannot be mined. XRP has shown a massive growth (in terms of market cap) of 4800% since March 2017. The current market cap is 10 billion.
5. Dash (DASH)
Just like any other cryptocurrency in this list, DASH has also seen a terrific growth in market cap valuation. Digital Cash aka DASH was launched in 2014 by Evan Duffield. Before settling to the current name, this cryptocurrency went by names like Dakcoin and XCoin. This current also skyrocketed from a meagre USD 78 million in January 2017 to USD 6 billion in December 2017.
6. NEM (XEM)
NEM was initiated by a Bitcoin Talk forum user called UtopianFuture who got inspired by Nxt. Initially NEM was planned just to be a fork of NXT. But later on, the creator changed the plan to make this as a completely new codebase itself. And thus launching the alpha version on 25 June 2014. The current market cap of the cryptocurrency is USD 5 billion.
7. Monero (XMR)
This privacy-centric cryptocurrency was launched in 2014. It’s is more secure and private than Bitcoin. Monero is created from a fork of Bytecoin which was later on enhanced by integrating a new algorithm for mining. This cryptocurrency also had a great ride considering the rise in the market cap. The current market cap of Monero is USD 4.5 billion.
The most recent hard fork of Bitcoin gave birth to Bitcoin Gold. Even if the price of this cryptocurrency slipped, the market cap went in a different direction. The current market cap of BTG is USD 4.3 billion.
A few days back, we did a detailed guide on Cardano. This is another non-minable currency in this list, which is a new entrant in the cryptocurrency market. Cardano is valued at a market cap of USD 3 billion, in just a month.
Just like BTC or BTG, Ethereum Classic also is a fork. But, not of Bitcoin and Ethereum instead. The cryptocurrency was launched in July 2016. Ever since then, the market cap has skyrocketed. The current market cap of ETC is valued at USD 2.8 billion.
Bitcoin keeps on spearheading the pack of cryptocurrencies, in terms of market cap, and user base. Digital currencies such as ETH and XRP utilized more for big business arrangements are getting to be plainly well known, while some cryptocurrencies are being supported for advanced features versus Bitcoin. Going by the present pattern, digital currencies are digging in for the long haul but how many of them will rise pioneers in midst of the developing rivalry inside this space might be uncovered with time.