10 Cryptocurrencies Other Than Bitcoin Which Are Changing The Crypto World

CoinSwitch | 13 July, 2018 | 2 min

Bitcoin has been maintaining its spot to stay in the headlines, almost every other day. It’s plummeting feature made the crypto traders stay in the corner of their seat. 2017 saw an exponential rise in Bitcoin price. It started over with a price which was worth less than $1000 in January, after which it became 29X valuable than what it was in January. Isn’t it incredible?

2018, on the other hand, saw BTC going down to lesser than even $6000, which created a frenzied atmosphere amongst the cryptizens. 2018 saw the most unlikely dip, which was declining by 50% or so, from 10,000 dollars to 5000, and then it rose to above $6000 in this month. It’s keeping the people perplexed, especially the investors.

As we know, BTC gained the attention for almost most of the times. But, within this time, we completely ignored how the other cryptocurrencies are performing and even being the latest entry.


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So, let’s not sideline them, and talk about the ten other cryptocurrencies which are making their visible imprint in the crypto world:

 

#1 Ethereum (ETH)

Ethereum, introduced by Vitalik Buterin has drawn a lot of attention from the crypto enthusiasts, for securing the second position with the largest market capitalization. Ethereum, as a platform, enables dozens of cryptocurrencies to exist, without having to build their blockchain technology. Ethereum enables developers to create smart contracts, that automatically execute tasks when certain stated conditions are met.

Ethereum has two primary functions: keeping things running smoothly by compensating the mining nodes and pay people under smart contracts platform. Ethereum has been gathering a lot of interest amongst the cryptizens lately with a market capitalization of 44 Billion USD with 100,663,639 ETH as its current circulating supply.

Currently, ETH coin price stands at $441.59. Ether’s price is gaining bullish momentum against Bitcoin and dollar, with resistance levels at $470, $480, $490 and support levels at $450, $440, $430. CoinSwitch is the best platform to convert ETH to BTC.

Even though the crypto market has seen the downside in the 1st half of 2018 but still according to the different predictions worldwide, Ethereum is going to take an upward surge in coming months, and it can touch $1221 this year.

Ethereum price prediction suggests that the Ethereum coin price is up for a long-term 794% in the ETH price value with a 5-year investment. This means that in 2023, the Ethereum Price is forecasted to stand at $3844.73.

 

#2 Ripple (XRP)

Ripple coin price has seen unprecedented growth in the last year with a whopping 700% price rise. More and more payment providers are being boarded based on its consensus mechanism. Ripple protocol improves the overall integrity by validating the account balances and transactions, which automatically blocks the malicious entries

As of 2018, all products released include xRapid, xCurrent and xVia which improves XRP's position in the blockchain network. Transaction speed and the cost is much lesser than other cryptocurrencies like Bitcoin and Ethereum. The uniqueness of XRP is that the coins were released all at once, which means all the XRPs are in circulation and hence, needs no mining.

Ripple has been gathering a lot of interest amongst the cryptizens lately with a market capitalization of around 17 Billion USD with XRP 39,262,444,717 as its current circulating supply. The price value peaked at $0.443425 in the past 24 hours while the lowest price value was $0.4280. You can buy Ripple with Bitcoin from CoinSwitch.

Currently, XRP price stands at $00.443425. Ripple is consistently adding new clients including some marquee names in the banking world like American Express, Standard Chartered, Axis Bank, Santander and MUFG which helps in tackling the problem of liquidity issues.

 

#3 Litecoin (LTC)

Litecoin is created by Charlie Lee, an ex-Google employee, to had the vision to create something which is lighter and cheaper than Bitcoin, hence the name. On October 7, 2011, Litecoin was released by an open source client on GitHub. Litecoin is formed from Bitcoin, with similar features and characteristics. So, it is the fork of the Bitcoin technology. Litecoin is an improved version of Bitcoin will lesser brand awareness.

Litecoin is one of the most under-valued and grounded cryptocurrencies in the world, being in existence for seven years since 2011. Litecoin is more accessible to the people than Bitcoin, hence known as “silver” of crypto world and Bitcoin referred to as “gold” of the crypto world.

Currently, Litecoin coin price is $77.59 with LTC price 1.66% up today. The coin is capped at USD 4,452,335,497 in the market with 57,384,183 LTC coins circulating currently. The 24-hour price movement chart indicates that $287,181,000 worth of LTC Coins were trading. The price value peaked at $82.1940 in the past 24 hours while the lowest price value was $77.7224. You can accumulate Litecoin by converting LTC to BTC from CoinSwitch.

There is a possible increase in the value of LTC coin price, which is predicted to increase to at least $93.35 by the end of this year, which is an expected increase of a healthy 83.87%. The Litecoin price prediction is made by the fact that it is the sixth most valuable cryptocurrency in the world.

 

#4 NEO (NEO)

Neo was launched as Antshares in 2014 by Da Hongfei in China. It is a lot more than just a currency because it acts as a platform for the creation of decentralized applications and smart contracts, which can change the face of global commerce. The most significant direct competitor of Neo is Ethereum, where Neo scores better with faster transaction speeds due to the centralized network and ease of coding smart contracts and applications in all major programming languages, whereas Ethereum supports the only Solidity. Neo is a very interesting cryptocurrency to watch out for in 2018.

  Today, NEO (NEO) is trading at $33.31 with NEO price 5.61% up today. The coin is capped at USD 2,165,000,500 in the market with 65,000,000 neo coins circulating currently. The 24-hour price movement chart indicates that $109,546,000 worth of NEO Coins were trading. The price value peaked at $30.79 in the past 24 hours while the lowest price value was $32.1421.

  There is a possibility that the value of Neo coin will increase, with the price predicted to rise to at least $123.60 by the end of this year, a projected increase of a whopping 267.09%. This means that in 2023, the NEO Price is forecasted to stand at $ 437.97.

 

#5 Monero (XMR)

  Monero Cryptocurrency (or XMR) is an open-source and private cryptocurrency that has been designed and built using blockchain technology. Being a private cryptocurrency, the blockchain technology used in Monero is configured to make every transaction details anonymous by hiding the addresses of the users. These transaction details include the identity of all the senders and receivers along with the transaction amount. Monero implements its privacy through the use of ring signatures (or anonymous digital signatures) and stealth addresses (or one-time random addresses for each recipient and transaction).

Monero price for today is $123.69. Its current circulating supply is XMR 16,220,708 with a market cap of $2,006,258,266.The Monero cryptocurrency is currently trading at around currency_price with the forecast for the year-end being around $400. According to industry estimates, the 5-year forecast for this cryptocurrency is around $1300.

  While other cryptocurrencies in circulation are pseudonymous, Monero is an anonymous cryptocurrency, which is why it has a gained a lot of traction and growth in recent months. With many users looking for anonymous cryptocurrencies in the near future to perform their transactions, industry experts recommend investors to buy Monero at the current price levels to get better returns in the future.

 

#6 Stellar Lumens (XLM)

Stellar Lumens cryptocurrency was created by Jed McCaleb, who was also the co-founder of Ripple, another one of the top 100 cryptocurrencies in the world. McCaleb founded Stellar amidst great controversies with an association in the Mt. GOX hack, which was the most massive hack of Bitcoin done on CoinCheck exchange, involving half a Billion dollars!

The XLM cryptocurrency finds a lot of support from industry experts like McCaleb and the lead developer of Mt. GOX, investors like the online payments giant, Stripe, and partners like IBM, who help them to power more than 60% of South Pacific transactions.

Currently, XLM/STR coin price stands at $0.188575, with XLM price 4.09% up today. The coin is capped at USD 3,538,819,206 in the market with 18,766,110,067 XLM coins circulating currently. The 24-hour price movement chart indicates that $32,680,300 worth of XLM Coins were trading. The price value peaked at $0.190405 in the past 24 hours while the lowest price value was $0.18008.

There is a possible increase that is predicted in XLM coin value, which is expected to increase to at least $0.47 by the end of this year, which is an expected increase of a good 139.27%. Stellar Lumens Price Prediction suggest that the Stellar Lumens Price is up for a long-term 486.89% in the XLM  value with a 5-year investment. This means that in the year 2023, the Stellar Lumens Price is forecasted to stand at $ 1.14. You can keep track of Stellar Lumens' progress by adding it to your wallet portfolio. The XLM price prediction is made by the fact that it is used in many of the real-time financial institutions with partnerships like IBM, Deloitte, and Stripe.

 

#7 Cardano (ADA)

Developed by Hong Kong-based blockchain development company, Input-Output Hong Kong (IOHK), Cardano is the distributed computing platform that implements blockchain technology for the ADA coin. As a decentralized blockchain platform, Cardano is an entirely open-source cryptocurrency project. Cardano is also the first cryptocurrency platform, based on the Haskell code, an industrial product used for mission-critical systems.

With a multi-layer protocol, Cardano features a settlement layer at its foundation, linked to the control layer, which runs smart contracts. This IOHK platform is all set to launch a Virtual Reality (or VR)-based 3D tool that enables users to enable and experience blockchain technology and to interact with a Distributed Ledger Technology (or DLT).

The current market price of Cardano valued at $0.128351 with a fluid supply of around 26 billion coins and an overall Cardano market capitalization of approximately USD 3,327,765,431. The 24-hour price movement chart indicates that $37,971,900 worth of ADA Coins were trading. The price value peaked at $0.129318 in the past 24 hours while the lowest price value was $0.123154.

Despite its recent market entry, Cardano has been listed for trading on leading cryptocurrency exchanges including Upbit, Binance, and Bittrex, the New Zealand-based exchange, Cryptopia, and CoinSwitch. With a current trading volume of over $37,971,900, Cardano has the potential to become among the leading cryptocurrencies globally, even ahead of the current market leaders, Bitcoin and Ethereum. Built with its own implementation of blockchain technology, Cardano is currently backed by Cardano Foundation, Input-Output Hong Kong, and Emurgo.

 

#8 Tether (USDT)

The Tether (USDT) is designed to match the value of USD. Tether Price for today is $1.00122. Its current circulating supply is USDT 2,707,140,346 with a market cap of $2,710,443,057. Tether is a private coin introduced in Hong Kong, closely tied with Bitfinex. The idea behind Tether’s introduction is to exchange into dollars fast and easily.

Coins that can be used as a substitute are called “stable coins”. The underlying problem is that although they use a decentralized blockchain technology, doesn’t work in a distributed smart contract method and is run by humans.

Since, its a substitute for dollar, it is estimated to remain around the $1 mark this year and the future to come.

 

#9 Bitcoin Cash (BCH)

Bitcoin Cash(BCH), currently priced at $707.77, is the hard fork of Bitcoin technology. Bitcoin cash has the same mining process as Bitcoin’s original technology. The speed of the transaction makes people prefer it over Bitcoin. BCH fork was designed to handle transactions using block 8 megabytes in size, uses Segregated Witness(SegWit) software. Although it hasn’t been around for so long, it has got a firm market grip.

Bitcoin Cash seems to be the only bull in the bear market, according to most experts. The coin is capped at USD 12,066,130,711 in the market with 17,235,188 BCH coins circulating currently. The 24-hour price movement chart indicates that $339,153,000 worth of BCH Coins were trading. The price value peaked at $704.9058 in the past 24 hours while the lowest price value was $664.8943. You can convert BTC to BCH from CoinSwitch

 

#10 Tron (TRX)

Tron is created by Justin Sun, a 26-year-old Chinese student who previously worked for Ripple. This coin was designed to transform the way content and publications are being published. Moreover, it facilitates sharing of content to primary service providers such as YouTube or Facebook as the content creator, which lets one have total control over one’s own data, wherein you will be compensated for your content.  It is mainly being used by artists, musicians, and other creative people. People who are active in social media or are used to gambling will love Tron and its uses.

Currently, TRON (TRX) is trading at $0.0336389 with TRX price 4.62% up. The coin is capped at USD 2,211,694,153 in the market with 65,748,111,645 TRX coins circulating currently. The 24-hour price movement chart indicates that $164,925,000 worth of TRX Coins were trading. The price value peaked at $0.0335 in the past 24 hours while the lowest price value was $0.0316.

Tron is one of the top 15 global cryptocurrencies which is slowly and gradually gaining authority in the crypto market, and also is one of the most profitable cryptocurrencies. Tron, being one of the most surging cryptos, it has excellent potential to grow in the market. Tron ranked 56th a few months back, but now it has secured the 12th position according to CoinMarketCap. As Tron is being emerged from Ethereum, there are good possibilities for it to reach 0.2 USD in the coming 15-18 months.

Although Tron might grow, its rate of growth might not be high as compared to its fellow currencies. But from 2019 and thereafter, it might take a faster pace. Keep your eyes on the market performance and let's see how these coins are going to perform in the upcoming years. If you plan to invest in any of these or have already invested, then hook onto the regular updates at coinswitch.co.

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