Before starting with the top, we must know what altcoins or alternative currencies are. They are simply digital currencies that have come out independently of the two main systems, Ether and BTC. Coins work on blockchains other than those mentioned and have their advantages.
The advantages of alternative cryptocurrencies are that many solve problems that have arisen on the BTC platform. Be it speed, transaction capacity, privacy, among other things. The most important thing is that they allow expanding the possibilities of the digital world to other levels.
Currently, there is a universe of cryptocurrencies that are circulating in the digital world. Each one has its own qualities which make it unique, having its strengths and weaknesses. Some fix one or more of the problems you may encounter with BTC and Ether.
The first one that we are going to talk about is the Cardano cryptocurrency that is ranked five on our top. Cardano is a cryptocurrency known for being the first to be developed in a scientific context. The Cardano has a scientific methodology in its design that gives him flexibility and security.
The Cardano has a 3-layer security system that makes it safer every day. The system is designed to operate and guarantee each transaction without a problem. Every day is a win and ir manages to find a good balance between speed and safety.
Another advantage that Cardano has and with that, it aspires to surpass Ether is its programming language. Cardano uses a complete language that can be used by other platforms that want to generate or market this cryptocurrency.
In Cardano statistics, their numbers increased to an exorbitant amount. It is true that its price is not the highest of all, which is around $0.15 / ADA. The detail is: daily it projects a volume of money that around $499,750,917 USD.
The Cardano figures are in a staggering rise, indicating that it is rising but not linear.
Some call it the younger brother of BTC, others the cousin, however, it is one of the most booming platforms. Litecoin works on a platform that outperforms both speed, load units, and items available to BTC. Litecoin is a high-frequency cryptocurrency of items in the transaction.
The high frequencies of crypto assets available and being in constant movement makes it the preferred one for traders. The vast majority of trading companies prefer it because the transactions are fast and allow them to conduct business effectively.
Litecoin is aiming to outperform Bitcoin and can do so despite what some experts say. Litecoin is booming after having passed a period of instability, and COVID-19 gave it a great opportunity. People searched for digital opportunities, and trading is the best option for many.
The price of litecoin is between $59 to $60, which has had a significant increase in its reference value from last year that circulated around $40. Its daily movement is approximately $3,436,066,595. A good price and high volume is what makes it rank 4.
The third of our top 5 is represented by EOS, which had a great impact on the investment market in these months. It is the main reason why it is in position 3 of our top since the number of millions that it mobilized was incredible. Many Asian companies and organizations invested in their platform.
Now let’s see what makes EOS so special that it made many want to invest. The first thing we can find is the mining structure that characterizes EOS. Its structure was what caught the attention of investors with stepped lateral characteristics.
The EOS allows mining, although with certain conditions, since the person generating the tokens must make a financial contribution. Whether for the part of technical support, programming, customer service, the person must be contributing to the platform.
The EOS is priced at around $3, which isn’t much, but it makes up for it with movement. The daily volume of the EOS is around $3,599,744,254 approximately. Its movement volume is on the rise, and according to several studies that behaviour will continue.
A coin resulting from a split within the bitcoin platform and resulted in an alternative cryptocurrency. Cryptocurrency is much more flexible and scalable than its former marriage partner. In fact it was the main reason for the divorce that originated this new alternative currency.
The new currency for being agile and flexible has a great impact on the digital world. Every day more companies recognize it and implement it as a payment system for activities. The only bad thing is the number of coins available that is still less than your partner’s.
The current price of Bitcoin Cash is located at $290, and with an average daily movement of $3,686,513,250. Its upward behaviour and the creation of new platforms set a bright future.
The leader in the top is Ripple with its agility and global transaction capacity. Ripple was adopted by many companies as the allowed payment system for two reasons. The first is the speed at which the transaction is confirmed, which is immediate; the second is a global system.
From its inception, the cryptocurrency was used for exchange between different countries, which facilitates commercial exchange. Another approach was to associate it with financial companies and function as a kind of money exchange. The result is that the platform moves millions of dollars around the world.
What mainly makes Ripple top is the amount of movement despite its price. The Ripple price ranges at $0.30 per digital unit, however its daily volume averages $4,855,954,583. Small value, but bestial billing is what characterizes Ripple.