Top 5 crypto currencies as per their market cap in 2020

If you think that bitcoin is the only crypto currency worth investing, you need to think again. It's a fact that bitcoin stands as the only crypto currency that has grown many folds over the past few years.

Still, there are other crypto currencies like ripple, ducatus coin, and ethereum that have managed to come out on top.

Ronny tome ducatus, who has been the name behind the establishment of Ducatus coin, hereby talks about some of the leading crypto currencies by market cap.

1. Bitcoin

There are no points for guessing that bitcoin stands as the undisputed leader of the global crypto currency markets.

Over the years, bitcoin has witnessed tremendous growth in its market value at specific points, which speaks volumes about its astounding success in the crypto market.

This undisputed king of crypto currencies stands with a market cap of more than $125 billion. Furthermore, the price per coin is around $7300.

Currently, there are 17.1 million Bitcoins in circulation and the same scarcity has further played a vital role in its overall growth during the past few years.

2. Etheruem

If we have to list down one crypto currency that has given some serious competition to bitcoin’s domination in recent times, it has to be Ethereum. Etheruem can undoubtedly be credited for the growth of ICO ( Initial coin offerings) in the crypto currency world.

Even though it is second to Bitcoin in our list, its market cap still stands around $50 billion. On the other side, the per token value of ethereum  is $500.

Ronny tome says that as of now, only 100.7 million ETH tokens are there in circulation, and we can certainly expect it to grow many folds in the coming years.

3. Ripple

 Ripple has been deemed as one of the fastest-growing crypto currencies in the world right now. The same popularity can be accounted to its low price  ( 50 cents per token), and this is where it currently holds a market cap of $19.8 billion.

Ronny tome says that there are more than 39 billion Ripple tokens in circulation, which could be the reason behind its low price. Still, the popularity of this crypto currency is growing with every passing.

Ripple is established on an open-source internet protocol, and it further supports all tokens in fiat currency, commodities, or other value units. On the other side, its consensus algorithm named Byzantine fault tolerance has further ensured its safety and security from any external threats.

4. Bitcoin cash

While bitcoin went on to scale some immense success over the past few years, the same situation has also brought it specific problems down the line. It witnessed a significant surge in the number of transactions that eventually led to the rapid filling of the blocks.

This is where all the potential investors have to wait for some good time to get the new blocks created, so their transactions can go through.

Ronny tome said that the same situation led to the creation of a backlog of such transactions. Furthermore, you did have to pay a higher transaction fee to get your transaction prioritized during the whole process.

Now, this is where Bitcoin thought of bringing Bitcoin cash into the picture. As of now, Bitcoin cash has made it easier for every potential bitcoin investors to carry through their transactions without any lag.

5. EOS

Last but not least, we have EOS at the number 5 spot on our list. Speaking of EOS, it is quite similar to Ethereum in its basic functioning and currently holding a market cap of around  $7.83 billion.

On the other side, there are 896 million EOS tokens currently in circulation in the crypto currency market. Well, the best part about this crypto currency is that it brings out a perfect mix of all the vital aspects of all the crypto currencies around.

As per Ronny tome, besides carrying the safety standards of bitcoin on one side, EOS also brings technical support of ethereum in the process.

Summing it up

These were the leading crypto currencies around the world as per their market cap. Besides the given list, you can also opt for other famous crypto currencies like altcoin or Ducatus coin.