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.   

Comments

Post a Comment

Popular posts from this blog

How Crypto Currency has Revolutionized The whole Universe?

Image
Twenty years ago, many of the products and services we can’t go without today were merely a subject of sheer imagination. That was the time when in order to get a cheque cleared, we had to wait for around 3-5 days. There were only feature phones back then that can only be used for calling or messaging purpose. Times have changed now and we have become more advanced in every aspect under the sun. From buying groceries to using our phones, technology has entered into the life of every human around. Cryptocurrency is one such innovation that has simply transformed the way humans used to transact and use their financial assets in the past. Nowadays, not only they can transfer funds to a person sitting miles away within seconds, but can also buy groceries and other essentials online. Ronny Tome , director of famous Ducatus global group, a firm behind the launch of Ducatus coin, also quotes his opinion regarding the same. What is crypto currency? Crypto currency is nothi
Read more

cashless world: a new trend of marketing

Image
  DUCATUS is a company made with the vision to go cashless. Ducatus coins were made for the need to change the way we transact. The company is known for its dedication and commitment towards their customers. The members of the company belong from diverse regions aimed at fulfilling the motto of a cashless future. Ducatus bought a major change in the way we sell or buy things. The company introduced their currency– Ducatus coins which help entrepreneurs to run their business, make deals, pay or receive money easily. Ducatus coin is owned by the company Centurion Global limited. The cashless scenarios help to build up a modern future. Cashless economy helps perform transactions easily with digital modes. Thus, according to the  Ronny tomeducatus ,  it would become easy for the firms to get the most advantages by merging their businesses with a new trend of being cashless.   Ronny Tome–   Ronny Tome is the CEO of Ducatus company. He originally belongs to Germany. He got famous way
Read more

Cryptocurrency and its significant impact on most of the business sectors around

Image
  Inside a matter of only a couple of years, the term ‘cryptocurrency’ has become the trendiest subject across all the social media platforms around. While bitcoin was consistently in the news because of its astonishing development and progress in the cryptocurrency world, more up to date choices like Ducatus coin and litecoin have truly overwhelmed the same industry in the recent times.   Despite the fact that there is still a lot to be witnessed and seen in regards to the growth and development of cryptocurrencies like Ducatus coin and ethereum, we can look positively towards the same approach.   On the opposite side, there are various reasons why most of the individuals around go for cryptocurrencies like Bitcoin and Ducatus coin. While there are the people who like to invest in cryptocurrencies because of its scarcity, others opt for it to gain some good financial growth and rewards in return. Ronny Tome , who comes over as the the founder of famous ‘ Ducatus global network’
Read more