top 10 cryptocurrency of 2018 includes Bitcoin, ethereum, Ripple, Zcash, Dash and more.
There are always sudden ups and downs in the cryptocurrency market, which you might have heard online in various cryptocurrency news. One of the best sites online to get real-time cryptocurrency prices or cryptocurrency charts is coinmarketcap.
But for the new users or buyers of cryptocurrency, the people who don’t really know what is cryptocurrency. We have made a cryptocurrency list with top 10 cryptocurrency which includes different types of cryptocurrency, which we will get to in a while.
What is cryptocurrency?
CryptoCurrency is an electronic currency which can be transferred peer to peer (owner to owner) and it is not controlled by any centralized medium like a bank or any other financial institution. It works on a technology called blockchain, which is relatively new technology in the software industry. The whole architecture of blockchain is opensource (mostly). Meaning anyone can view the framework /architecture. But no one can penetrate it.
Block Chain basically means blocks of code chained together. What this means, in reality, is that your electronic currency or cryptocurrency is divided into blocks of code that are spread throughout various databases in different parts of the world. And no single company own majority of these databases so, theoretically all the data cannot be wiped out at once. These databases hosted on servers are actually called mining farms.
As you might have already heard about bitcoin mining. Similarly, mining takes part in almost all types of cryptocurrency out there. And the more mining takes place the more coins or cryptocurrency is created. As miners are paid in cryptocurrency too. Think of it this way, you are asked to look after a store for one month and after one month you get paid 1% of whatever there is in the store (it can be anything wheat, rice, oil, etc). The same thing happens in bitcoin mining or any other cryptocurrency mining but by the time you get your payout bitcoin market cap(or any other cryptocurrency market cap) has also increased which in turn increases coin values as more coins are generated to keep up with the market capital.
Before investing it’s better to get a list of cryptocurrencies by market cap, so you know how much has already been invested in the top cryptocurrency. The most profit that investors earn is through cryptocurrency exchange(bitcoin exchange or any other) when the price (bitcoin price) rockets. And your purchasing price was less than the half of today’s price, then it is very profitable to sell or exchange.
In our list of cryptocurrencies, We have kept in mind the coincap, the ups and downs and the steadiness of the market of the particular coins (cryptocurrencies).
top 10 cryptocurrency
These are our picks for the top 10 cryptocurrencies to invest in 2018. We hand-picked these because over the time we have seen some great return on investment(ROI) from these particular currencies. Although the downfall of any currency can happen at any time. But in the long run, these are the ones which stood the test of time. And are profitable mostly.
That being said, if you do plan on investing in cryptocurrency. A pro does not invest all in one single currency. As the famous Warren Buffet once said, Never put all your eggs in one basket.