Discover 2017’s Top 10 Cryptocurrencies That Are Still Booming
Cryptocurrencies have made headlines for quite some time. Bitcoin, the pioneer cryptocurrency, has grown from a mere idea to a multi-billion dollar industry. However, Bitcoin is not the only player in the market. Thousands of other cryptocurrencies have emerged, and some of them have been gaining popularity and value in recent years.
In this article, we will focus on the top 10 cryptocurrencies that are still booming in 2017. These cryptocurrencies have survived the test of time and market fluctuations, making them a promising investment option. Let’s dive into the world of cryptocurrencies and explore their potential.
1. Bitcoin (BTC)
We cannot talk about cryptocurrencies without mentioning the most prominent one – Bitcoin. Since its launch in 2009, Bitcoin has grown rapidly to become the most valuable cryptocurrency. It boasts of a market capitalization of over $700 billion, making it a force to reckon with.
Some experts predict that Bitcoin’s value will continue to rise in the future. It has shown resilience even amid market shocks, and its wide adoption rate makes it a strong investment option. However, investors should be prepared for the fluctuation in value that often characterizes Bitcoin.
2. Ethereum (ETH)
Ethereum is the second most valuable cryptocurrency after Bitcoin, with a market capitalization of over $372 billion. Unlike Bitcoin, Ethereum is more than just a digital currency. It is a decentralized platform that enables developers to build applications on its blockchain.
Smart contracts, which enable the automation of contractual agreements, are one of Ethereum’s major features. The platform’s versatility has made it a favorite among investors and developers alike.
3. Ripple (XRP)
Ripple is a cryptocurrency that is designed to facilitate real-time payments across borders. Its technology allows banks and other financial institutions to settle transactions quickly and at a lower cost than traditional methods.
Ripple has experienced significant growth in recent years, thanks to its partnerships with some of the world’s leading financial institutions. The cryptocurrency’s market capitalization stands at over $127 billion, making it one of the most valuable cryptocurrencies.
4. Litecoin (LTC)
Litecoin is a cryptocurrency that is designed to enhance the speed of transactions and lower their cost. It was created in 2011 and has since gained popularity among investors.
Litecoin’s market capitalization stands at over $12 billion, making it one of the most valuable cryptocurrencies after Bitcoin, Ethereum, and Ripple. Some experts predict that its value may continue to rise, given its unique features and strong backing by investors.
5. Bitcoin Cash (BCH)
Bitcoin Cash is a cryptocurrency that emerged in 2017 from the original Bitcoin blockchain. It was created to address some of the limitations of Bitcoin, such as its slow transaction speed and high fees.
Bitcoin Cash has gained significant traction since its launch, thanks to its improved features. Its market capitalization currently stands at over $21 billion, making it a valuable investment option.
6. Cardano (ADA)
Cardano is a decentralized platform that enables developers to build applications on its blockchain. It was launched in 2017 and has since gained popularity among investors.
Cardano’s market capitalization is currently over $18 billion, making it one of the most valuable cryptocurrencies. Its unique features, such as its focus on security and scalability, makes it a promising investment option.
7. Stellar (XLM)
Stellar is a decentralized platform that aims to facilitate cross-border payments quickly and at a lower cost. It was launched in 2014 and has since gained significant traction among investors.
Stellar’s market capitalization currently stands at over $16 billion, making it a valuable investment option. Its partnerships with some of the world’s leading financial institutions, such as IBM, have boosted its credibility and potential for future growth.
8. Chainlink (LINK)
Chainlink is a decentralized platform that aims to connect smart contracts with real-world data. It was launched in 2017 and has since gained popularity among investors.
Chainlink’s market capitalization currently stands at over $12 billion, making it a valuable investment option. Its unique features, such as its focus on decentralization and reliability, make it a promising choice for investors looking to diversify their portfolio.
9. Polkadot (DOT)
Polkadot is a decentralized platform that aims to connect different blockchain networks. It was launched in 2019 and has since gained significant traction among investors.
Polkadot’s market capitalization currently stands at over $40 billion, making it one of the most valuable cryptocurrencies. Its unique features, such as its focus on interoperability and scalability, make it a promising investment option.
10. Binance Coin (BNB)
Binance Coin is a cryptocurrency that is used on the Binance exchange. It was launched in 2017 and has since gained popularity among investors.
Binance Coin’s market capitalization currently stands at over $52 billion, making it one of the most valuable cryptocurrencies. Its unique features, such as its ability to reduce trading fees on the Binance exchange, make it a promising investment option.
Conclusion
Cryptocurrencies have come a long way since their inception. The top 10 cryptocurrencies mentioned in this article have shown resilience and promise in the face of market fluctuations. While investing in cryptocurrencies carries risks, these cryptocurrencies offer a promising investment option for those willing to take a chance on them. As always, investors should conduct thorough research before making any investment decisions.
