Top 50 Cryptos Made Simple

Top 50 Cryptos Summary

Welcome to our Top 50 Cryptocurrency Market Summary List

This article & video includes a brief explanation of the Top 50 Cryptos, links to buys to their to their websites and links to the exchanges where you can buy. Therefore, you can use this as your go-to place for your Crypto research journey

Every month, we’ll be updating so make sure to bookmark the page to see January’s edition next month! We also recommend to bookmark this page so that you regularly return to it when searching for a brief summary of a coin/token.


YOU WILL LEARN:


A Brief Summary Of The Top 50 Cryptos

What Do Each Of Them Do?

Who Are Their Main Competitors?

A Unique Selling Point For Each

 

Prices are correct as of 9am GMT, December 1st, 2017

Before We Begin, We Want To Highlight 3 Points:

  1. This is a brief summary of each coin – not an in-depth analysis. Over time, we aim to carry out in-depth reviews of all of these coins and we will be including links to them in these regular, monthly articles
  2. Some Cryptos have more extensive information included than others – this is zero indication of whether we are fans of the project or not
  3. Much of the information has come from the project teams directly. As such, we cannot 100% guarantee the accuracy of the information


Total Market Cap

$298 Billion  (9am GMT November 30th, 2017)


1 – Bitcoin
(BTC)

  • Market Cap – $166.6 Billion
  • Token Price – $9,700
  • Brief ExplanationDigital Currency
  • What is Bitcoin? – A digital currency, run on a decentralized peer-to-peer network, that allows the purchase or sale of goods and services
  • Who Are Bitcoin’s Competitors? – Bitcoin Cash, Dash, Litecoin, NEM etc
  • Unique Selling Point – Bitcoin is the original Cryptocurrency; people often know what Bitcoin is without even knowing what a Cryptocurrency is – it has major brand appeal
  • Website – https://bitcoin.org/en/

Buy BTC HERE


2 – Ethereum
(ETH)

  • Market Cap – $41.8 Billion
  • Token Price – $434.82
  • Brief ExplanationDecentralised App Platform
  • What Is Ethereum? – A decentralised app platform, allowing companies to build decentralized applications (Dapps) on top of their blockchain that can make use of Ethereum’s smart contracts
  • Who Are Ethereum’s Competitors? – NEO, Cardano, Lisk, Waves, EOS, Ethereum Classic and more
  • Unique Selling Point – Ethereum have the first mover advantage in the smart contract sector and they have a huge community spearheaded by Vitalik with the most developers of any Crypto, other than Bitcoin
  • Website – https://www.ethereum.org/

Buy ETH HERE


3 – Bitcoin Cash
(BCH)

  • Market Cap – $22.3 Billion
  • Token Price – $1,322.19
  • Brief ExplanationDigital Currency
  • What Is Bitcoin Cash? – A hard fork of the original Bitcoin, that operates with an increased block size but without the Segwit upgrade that Bitcoin has
  • Who Are Bitcoin Cash’s Competitors? – Bitcoin, Dash, NEM, Litecoin etc.
  • Unique Selling PointPossesses a block size limit of 8MB, compared to the original Bitcoin’s 1MB, allowing an 8x higher on-chain transaction speed (without accounting for Segwit). It should be noted that the lack of Segwit implementation means Bitcoin Cash will be unable to implement some 2nd layer upgrades such as The Lightning Network
  • Website – https://www.bitcoincash.org/

Buy BCH HERE


4 – Ripple
(XRP)

  • Market Cap – $9.4 Billion
  • Token Price – $0.2438
  • Brief ExplanationDigital Currency For Banks
  • What Is Ripple? – A global real-time settlement network, its system aims to connect banks around the world to allow for cross-border payment systems
  • Who Are Ripple’s Competitors? – Stellar Lumens
  • Unique Selling Point – Rapid transaction speeds; between 5-10 seconds. For banks, this currently takes between 2-4 days. Note: Ripple receives bad press in the current Cryptocurrency space due to its plans to work with the banks. Many people believe that this goes against the core premise of Cryptos; to unbank the banked
  • Website – https://ripple.com/

Buy XRP HERE 


5 – Dash (DASH)

  • Market Cap – $6.0 Billion
  • Token Price – $778.24
  • Brief Explanation – Digital Currency
  • What Is Dash? – A digital currency like Bitcoin, run on a decentralised peer-to-peer network
  • Who Are Dash’s Competitors? – Bitcoin, Bitcoin Cash, NEM, Litecoin and more
  • Unique Selling Point – Unique features such as InstantSend, PrivateSend, the Dash Budget System and the plans to release a Crypto payment gateway similar to Paypal
  • Website – https://www.dash.org/

Buy DASH HERE

6 – Bitcoin Gold (BTG)

  • Market Cap – $4.9 Billion
  • Token Price – $292.42
  • Brief Explanation – Digital Currency
  • What Is Bitcoin Gold? – A hard fork of Bitcoin, Bitcoin Gold is a currency designed to reduce the centralised mining power as seen in the Bitcoin network over the network through the introduction of a new mining algorithm known as Equihash
  • Who Are Bitcoin Gold’s Competitors? – Bitcoin, Bitcoin Cash, Zcash, Monero, Dash
  • Unique Selling Point – The mining algorithm known as Equihash which aims to reduce the centralisation of mining seen with Bitcoin. It should be noted though that Bitcoin Gold has encountered many problems already including a controversial pre-mine, forking without a working blockchain and a wallet hackConsidering this currency is so new, the number of issues is very worrying to us and we believe that it’s high position in the market could be more related to its association with Bitcoin than through the project’s own achievement
  • Website – https://bitcoingold.org/

Buy BTG HERE


7 – Litecoin (LTC)

  • Market Cap – $4.6 Billion
  • Token Price – $85.79
  • Brief Explanation – Digital Currency
  • What Is Litecoin? Litecoin was made to offer what bitcoin lacked. Litecoin regularly implements future Bitcoin upgrades before Bitcoin e.g. they implemented Segwit before Bitcoin and will most likely do the same with the Lightning Network before Bitcoin
  • Who Are Litecoin’s Competitors? – Bitcoin, Bitcoin Cash, Zcash, Monero, Dash
  • Unique Selling Point – Charlie Lee (creator) maintains a close partnership with Bitcoin. He has often described a future where it’s more beneficial to have both currencies than just one, particularly when the Lightning Network is implemented. Therefore, the success of Bitcoin could also result in the success of Litecoin. Some disagree with this and say that there will be no need for Litecoin if the Lightning Network is added to Bitcoin – only time will tell
  • Website – https://litecoin.com/

Buy LTC HERE

8 – IOTA (MIOTA)

  • Market Cap – $3.6 Billion
  • Token Price – $1.29
  • Brief ExplanationDigital Currency for the ‘Internet of Things’
  • What Is IOTA? – A cryptocurrency designed for the Internet of Things, IOTA operates using ‘Tangle’ technology as opposed to the blockchain which is used for virtually every single other Crypto
  • Who Are IOTA’s Competitors? – N/A. Future projects targeting the ‘Internet of Things’ will be competitors e.g. the current Hdac ICO
  • Unique Selling Point – IOTA’s use of Tangle technology has three significant advantages over blockchain cryptocurrencies; theoretically, it’s infinitely scalable, has zero fees and cannot be hacked by quantum computers – a concern for blockchains over the next few years. Some describe the Tangle Technology as the future ‘Blockchain Killer’ but viewers should be aware that the Tangle tech is incredibly new and it’s very hard to predict the validity of these claims at this current time
  • Website – https://iota.org/

Buy IOTA HERE


9 – Cardano (ADA)

  • Market Cap – $3.1 Billion
  • Token Price – $0.118
  • Brief Explanation – Decentralised App Platform
  • What Is Cardano? – A platform to build decentralized applications (Dapps) and cryptocurrencies on with the use of smart contracts
  • Who Are Cardano’s Competitors? – Ethereum, Ethereum Classic, EOS, NEO etc.
  • Unique Selling Point – Cardano use a programming language called Haskell (they have made their own improvements to the language also) – which will supposedly allows for code to “be written in a more secure and reliable manner as it has a mathematical approach.”
  • Website – https://www.cardanohub.org/en/home/

Buy ADA HERE

10 – Monero (XMR)

  • Market Cap – $2.7 Billion
  • Token Price – $176.67
  • Brief ExplanationPrivacy Coin
  • What Is Monero? – Like Bitcoin, it is a peer-to-peer, decentralized digital cash system but with improved privacy that Bitcoin lacks
  • Who Are Monero’s Competitors? – Zcash, Dash and more
  • Unique Selling Point – The implementation of Ring Signatures, Stealth Addresses and RingCT allows all transactions to be kept anonymous but also allows selective sharing
  • Website – https://getmonero.org/

Buy XMR HERE

11 – Ethereum Classic (ETC)

  • Market Cap – $2.7 Billion
  • Token Price – $27.04
  • Brief Explanation – Decentralised App Platform
  • What Is Ethereum Classic? – Ethereum Classic formed as a fork of Ethereum after a controversial decision carried out by the core Ethereum developers in 2015. ETH Classic followers believe ‘the code is law’ i.e. a smart contract should never be overriden. Recently, there has been discussion of ETH classic pivoting to focus on the Internet of Things
  • Who Are Ethereum Classic’s Competitors? – Ethereum, NEO, Lisk, IOTA, EOS
  • Unique Selling Point – Appeals to “crypto idealists” who felt the hard fork went against the whole point of the blockchain. ETH classic followers believe that, once a smart contract has been deployed, the terms of it must be carried out exactly as stipulated
  • Website – https://ethereumclassic.github.io/

Buy ETC HERE


12 – NEO (NEO)

  • Market Cap – $2.2 Billion
  • Token Price – $34.24
  • Brief ExplanationDecentralised App Platform
  • What Is NEO? – NEO is a decentralised app platform often referred to as ‘China’s answer to Ethereum’.  NEO token holders receive GAS by holding NEO with GAS being the actual fuel of the platform
  • Who Are NEO’s Competitors? – Ethereum, Qtum, Lisk, and more
  • Unique Selling Point – The transaction speed of NEO is superior than many of its competitors – 1,000 per second compared to Ethereum’s 15 per second. It should be noted that NEO has pivoted away from the idea of being ‘China’s answer to Ethereum’ in light of China’s recent announcements to ban ICOs and Cryptocurrency exchanges. However, any lift in these Chinese regulations would surely be hugely positive for the price of NEO – smart investors should pay close attention to this
  • Website – https://neo.org/

Buy NEO HERE 


13 – NEM (XEM)

  • Market Cap – $2.00 Billion
  • Token Price – $0.220
  • Brief Explanation – Digital Currency
  • What Is NEM? –A digital currency, run on a decentralized peer-to-peer network, that allows the purchase or sale of goods and services
  • Who Are NEM’s Competitors? – Bitcoin, Bitcoin Cash, Dash, Litecoin and many more
  • Unique Selling Point – Operates using a Proof of Importance algorithm (PoI) as opposed to Proof of Work (PoW) or Proof of Stake (PoS). NEM is regularly praised by investors for its technology but it lacks the strong marketing seen by other teams. As such, supporters of NEM regularly argue that it’s undervalued based on its technology. Some people in the Crypto-space argue that marketing is a key element for success and therefore their lower price tag is justified. We’ll let you decide which side of the argument you think is correct 
  • Website – https://nem.io/

Buy XEM HERE

 

 14 – EOS (EOS)

  • Market Cap – $1.4 Billion
  • Token Price – $2.83
  • Brief Explanation – Decentralised App Platform
  • What Is EOS? – A platform which will enables vertical and horizontal scaling of decentralized applications on WebAssembly. Supporters joke that the acronym stands for “Ethereum on Steroids”
  • Who Are EOS’ Competitors? – Ethereum, NEO, EOS, Lisk, Cardano and more 
  • Unique Selling Point –The capability to process millions of transactions per second through horizontal scaling, far more than the likes of Ethereum (15 per second) and even NEO (1,000 per second)
  • Website – https://eos.io/

Buy EOS HERE

15 – Stellar Lumens (XLM)

  • Market Cap – $1.3 Billion
  • Token Price – $0.0741
  • Brief Explanation – Digital Currency For Financial Technology
  • What Is Stellar Lumes? Stellar is a platform that connects banks, payments systems, and people.
  • Who Are Stellar Lumens’ Competitors? – Ripple
  • Unique Selling Point – In October 2017, Stellar announced impressive partnerships with IBM and KlickEx create a solution for the financial technology industry
  • Website – https://www.stellar.org/

Buy XLM HERE


16 – Qtum
 (QTUM)

  • Market Cap – $912 Million
  • Token Price – $12.38
  • Brief Explanation – A Bitcoin & Ethereum Hybrid
  • What Is QTUM? – QTUM will be a proof-of-stake Ethereum that runs on Bitcoin’s blockchain. Due to its hybrid nature, QTUM has the abilities of both Bitcoin & Ethereum and will be able to take advantage of future upgrades for both e.g. QTUM has already implemented Segwit (Bitcoin) and can add both Lightning Network (Bitcoin) and Raiden (Ethereum) upgrades in the future
  • Who Are QTUM’s Competitors? – Ethereum, NEO, Lisk and more
  • Unique Selling Point – Qtum can take advantage of both Bitcoin and Ethereum upgrades, meaning it theoretically has the largest development team of all Cryptocurrencies
  • Website – https://qtum.org/en/

Buy QTUM HERE 

17 – BitConnect (BCC)

  • Market Cap – $907 Million
  • Token Price – $284.76
  • Brief Explanation – Claims To Be A ‘Trading Bot’ – Probably A Pyramid/Ponzi scheme
  • What Is BitConnect? – Supposedly based on a trading bot which produces returns of around 1% per day for investors. Most likely though, BitConnect is ponzi/pyramid scheme – supported by the 11 Red Flags we found in our recent article
  • Who Are BitConnect’s Competitors? – Ethconnect and the majority of ‘lending coins’ – not to be confused with ‘lending platforms’ such as the SALT platform which appears legitimate
  • Unique Selling Point – N/A
  • Website – https://bitconnect.co/

No Referral Links Here – Many people, particularly on YouTube, have gotten very rich of BitConnect’s referral scheme. We don’t judge anyone but we also don’t wish to promote a scheme which we believe is a pyramid scheme and is bringing a bad name to Cryptos.

You can find our review of BitConnect HERE

 

18 – OmiseGO (OMG)

  • Market Cap – $875 Million
  • Token Price – $8.57
  • Brief Explanation – Decentralised Exchange
  • What Is OmiseGO? – OmiseGo are building a super-fast, decentralised exchange with high liquidity. All currencies can be traded with Ether as large stores of Ether will be held by OMG at all times, thus ensuring the high liquidity
  • Who Are OmiseGO’s Competitors? – Bitshares, Waves and more 
  • Unique Selling Point – OmiseGo will be the first platform to make use of the Plasma network which will allow for extremely high scalability
  • Website – https://omisego.network/

Buy OMG HERE

19 – Lisk (LSK)

  • Market Cap – $862 Million
  • Token Price – $7.47
  • Brief Explanation – Decentralised App Platform
  • What Is Lisk? – A decentralised app platform that enables developers to build decentralized blockchain-based applications in JavaScript
  • Who Are Lisk’s Competitors? – Ethereum, NEO, EOS, Cardano and more
  • Unique Selling Point – Lisk will allow developers to write smart contracts in Javascript,  the most common programming language in the world. Ethereum, for example, uses a new language called Solidity, meaning that programmers will have to first learn this language before they can begin creating smart contracts on the platform. Lisk’s use of Javascript could allow for easier adoption with developers worldwide
  • Website – https://lisk.io/

Buy LSK HERE

20 – Zcash (ZEC)

  • Market Cap – $823 Million
  • Token Price – $300.37
  • Brief Explanation – Privacy Coin
  • What Is Zcash? – Another peer-to-peer, decentralized digital cash system with an increased focus on privacy; the first that can fully protect transaction privacy using zero-knowledge cryptograpy
  • Who Are Zcash’s Competitors? – Bytecoin, Monero, Dash and more
  • Unique Selling Point – Believed by many to offer the greatest level of privacy when compared with its competitors. Their advanced technology caused so much hype that prices reached as high as $4,000 in 2016 when such prices were virtually unheard of
  • Website – https://z.cash/

Buy ZEC HERE

 

21 – Tether (USDT)

  • Market Cap – $762 Million
  • Token Price – $1.00
  • Brief Explanation – Tokens Always Remain $1
  • What Is Tether? Tokens Always Cost $1 – Token prices are designed to always remain at $1 which is useful for traders who wish to temporarily cash out of the market without having to cash out via expensive fees. It’s worth noting the $30 million November hack has caused serious concern about the validity of Tether
  • Who Are Tether’s Competitors? – N/A
  • Unique Selling Point – 1 USDT is always equal to 1 USD so it can be used as a safe haven for traders during bear markets. It’s worth noting the $30 Million hack in November has caused serious concern about the validity of Tether and this has sparked calls from respected leaders in the Crypto-Space e.g Charlie to call for an extensive 3rd party audit to be carried out in order to prove Tether’s legitimacy
  • Website – https://tether.to/

Buy USDT HERE


22 – Hshare (HSR)

  • Market Cap – $664 Million
  • Token Price – $15.69
  • Brief Explanation – Cross-blockchain bridging
  • What Is Hshare? – Will enable a value or information exchange between blockchains, designed to be a side chain for block-based (Like Ethereum) and blockless-based blockchains (Like IOTA).
  • Who Are Hshare’s Competitors? – Ark
  • Unique Selling Point – Hshare will be built with quantum resistance in mind – theoretically making their systems unhackable when quantum computers become a reality 
  • Website – https://h.cash/

Buy HSR HERE

23 – Stratis (STRAT)

  • Market Cap – $520 Million
  • Token Price – $5.27
  • Brief Explanation – Blockchain As A Service
  • What Is Stratis? – Stratis allows existing business to incorporate the Stratis blockchain into their operations thus benefitting from the advantages the blockchain brings with it – reduced costs, increased visibility where required etc.
  • Who Are Stratis’ Competitors? – Ardor
  • Unique Selling Point Stratis is targeting the business area of incorporating blockchains into existing businesses. Considering the numerous benefits that the blockchain can provide compared to outdated ERP legacy systems, the target market is massive
  • Website – https://stratisplatform.com/

Buy STRAT HERE


24 – Waves
(WAVES)

  • Market Cap – $474 Million
  • Token Price – $4.74
  • Brief Explanation – Decentralised Exchange + Decentralised App Platform
  • What Is Waves? – A decentralized multi-purpose exchange platform, allows the creation, issuance, transfer and Exchange of assets and custom tokens. On top of this, Waves is a decentralised app platform which allows the hosting of ICOs similar to Ethereum
  • Who Are Waves’ Competitors? – BitShares, Lykke, OmiseGO, Ethereum, NEO etc.
  • Unique Selling Point – Waves has a feature called token flexibility, meaning that projects built on top of waves can choose to pay transaction fees in any token they choose and not necessarily in the natives WAVES token. As such, businesses can create a closed ecosystem in which they only have to use their own tokens.
  • Website – https://wavesplatform.com/

Buy WAVES HERE


25 – Populous (PPT)

  • Market Cap – $447 Million
  • Token Price – $10.85
  • Brief Explanation – Invoice Trading Platform
  • What Is Populous? – Populous will be an invoice trading platform hosted on the Ethereum network. Through the use of smart contracts, Populous aim to reduce middleman costs and provide a truly global marketplace
  • Who Are Populous’ Competitors? – Hive Project (Outside Top 50)
  • Unique Selling Point – First mover advantage & Populous are entering a real and profitable business sector with a truly disruptive business model through the introduction of a worldwide platform, whereas the current system is mostly limited to geographically local places
  • Website – https://populous.co/

Buy PPT HERE

 

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26 – BitShares (BTS)

  • Market Cap – $362 Million
  • Token Price – $0.139
  • Brief Explanation – Decentralized Exchange
  • What Is Bitshares? – A decentralized exchange offering the ability to create custom tokens
  • Who Are Bitshares’ Competitors? – Waves, OMG
  • Unique Selling Point – Bitshares is based on Graphene systems, offering very high scalability of up to 100,000 Transactions per second
  • Website – https://bitshares.org/

Buy BTS HERE

 
27 – MonaCoin (MONA)

  • Market Cap – $343 Million
  • Token Price – $6.16
  • Brief Explanation – Digital Currency
  • What Is MonaCoin? – A digital currency based on a Japanese cat meme
  • Who Are MonaCoin’s Competitors? – Bitcoin, Litecoin, Dogecoin etc
  • Unique Selling Point – MonaCoin is Japan’s first cryptocurrency, with 90% of its user base located in the country. With the Japanese investing so heavily in Cryptos, it’s no surprise that their own first currency has done so well
  • Website – https://monacoin.org/

Buy MONA HERE

28 – Decred (DCR)

  • Market Cap – $336 Million
  • Token Price – $53.64
  • Brief Explanation -Digital Currency
  • What Is Decred?Another digital currency aiming to improve on Bitcoin
  • Who Are Decred’s Competitors? – Bitcoin, Litecoin etc.
  • Unique Selling PointMost likely to be the first currency to implement The Lightning Network which allows for extremely high scalability through the introduction of off-chain transaction
  • Website – https://www.decred.org/

Buy DCR HERE

29 – Ardor (ARDR)

  • Market Cap – $307 Million
  • Token Price – $0.307
  • Brief Explanation – Blockchain As A Service
  • What Is Ardor? – A blockchain-as-a-service platform that will allow businesses to incorporate Ardor’s blockchain technology into their operations
  • Who Are Ardor’s Competitors? – Stratis, Nxt 
  • Unique Selling Point – Ardor’s sidechains will be effective at reducing bloat. This essentially means that the network will be able to handle the required number of transactions per second
  • Website – https://www.ardorplatform.org/

Buy ARDR HERE

30 – Ark (ARK)

  • Market Cap – $306 Million
  • Token Price – $3.13
  • Brief Explanation – Blockchain Linking Platform
  • What Is Ark? – Ark are attempting to create an ecosystem of linked blockchains with the use of their ‘SmartBridge Technology’ 
  • Who Are Ark’s Competitors? – Hshare
  • Unique Selling Point – Ark uses a Delegated-Proof-Of-Stake consensus mechanism unlike other currencies which tend to use Proof-Of-Work (Bitcoin) or Proof-Of-Stake which Ethereum will in the future
  • Website – https://ark.io/

Buy ARK HERE

31 – Bytecoin (BCN)

  • Market Cap – $286 Million
  • Token Price – $0.0016
  • Brief Explanation – Privacy Coin
  • What Is Bytecoin? – The original anonymous cryptocurrency; allows safe and secure transactions around the gobe and offers instant fee-free transactions
  • Who Are Bytecoin’s Competitors? – Monero, Zcash
  • Unique Selling Point – Bytecoin uses CryptoNote Technology which provides unlinkable transactions 
  • Website – https://bytecoin.org/

Buy BCN HERE

 
32 – Augur (REP)

  • Market Cap – $280 Million
  • Token Price – $25.42
  • Brief Explanation – Prediction Market
  • What Is Augur? – Augur is an Ethereum-based, decentralized prediction market that will leverage the wisdom of the crowds to generate highly accurate predictions in the future
  • Who Are Augur’s Competitors? – Gnosis, Stox etc. (All are outside Top 50)
  • Unique Selling Point – The wisdom of the crowd can produce highly accurate predictions. This can be used in virtually any industry – particularly financial markets where the demand could be huge
  • Website – https://augur.net/

Buy REP HERE

 

33 – Komodo (KMD)

  • Market Cap – $264 million
  • Token Price – $2.54
  • Brief Explanation – ICO Hosting, Decentralised Exchange & Privacy Coin Capabilities
  • What Is Komodo? – A fork of Zcash, Komodo is providing ‘End-to-end blockchain solutions’ so that you can launch your own blockchain. They will also provide a decentralised exchange and be competing with privacy coins due to their privacy features inherited from Zcash
  • Who Are Komodo’s Competitors? – Ethereum, NEO, Waves, Zcash and more
  • Unique Selling Point – Komodo’s decentralised exchange will make use of Atomic Swaps, an advanced, highly anticipated layer 2 Cryptocurrency solution
  • Website – https://komodoplatform.com/en

Buy KMD HERE 

34 – Steem (STEEM)

  • Market Cap – $251 Million
  • Token Price – $1.02
  • Brief Explanation – Social Media With Finacial Rewards
  • What Is Steemit? – Steem is the currency which fuels the website – Steemit.com. Steemit is essentially Reddit but website users receive financial payouts for good posts instead of Karma
  • Who Are Steemit’s Competitors? – No major direct competitors – Synereo and LBRY are the closest as they are both in the Crypto social media space
  • Unique Selling Point – Content creators are rewarded when their posts get upvoted which promotes good content on the platform
  • Website – https://steem.io/

Buy STEEM HERE

35 – Power Ledger (POWR)

  • Market Cap – $248 Million
  • Token Price – $0.707
  • Brief Explanation – Peer-to-Peer Energy Trading
  • What Is Power Ledger? – Power Ledger is an Australian based peer-to-peer energy trading platform which will allow regular people to sell their excess energy on the platform for much higher prices than the current non-crypto systems offer
  • Who Are Power Ledger’s Competitors? – SunContract (Outside Top 50)
  • Unique Selling Point – Will allow users to receive 15c per kwh for excess energy as opposed to the 7c offered by the current system once the Power Ledger platform has been built
  • Website https://powerledger.io/

Buy PWR HERE

You can find our review of Power Ledger here

36 – Golem (GNT)

  • Market Cap – $241 Million
  • Token Price – $0.290
  • Brief Explanation – Decentralised Supercomputer
  • What Is Golem? – Golem will provide a decentralised supercomputer which anyone can use globally. The computer will consist of the combined processing power of regular people’s machines i.e. you can rent out the unused processing power from your phone, laptop etc. to help the network and get paid in Golem tokens as a result
  • Who Are Golem’s Competitors? – SONM, iExec (All outside Top 50)
  • Unique Selling Point – Golem users can earn passive income by renting out their excess computer processing power
  • Website – https://golem.network/

Buy GNT HERE

37 – Vertcoin (VTC)

  • Market Cap – $234 Million
  • Token Price – $5.61
  • Brief Explanation – Digital Currency
  • What Is Vertcoin? – A digital currency focused on reducing the centralised power of miners seen in currencies such as Bitcoin. Vertcoin are tackling the issue through creating a mining protocol with resistance to ultra-powerful mining computers (ASICs) thus making it possible for regular people to compete for mining rewards with non-expensive equipment
  • Who Are Vertcoin’s Competitors? – Bitcoin, Bitcoin Gold, Bitcoin Cash, Litecoin etc
  • Unique Selling Point – Greater decentralisation than Bitcoin and other PoW coins
  • Websitehttps://vertcoin.org/

Buy VTC HERE


38 – Dogecoin (DOGE)

  • Market Cap – $228 Million
  • Token Price – $0.00203
  • Brief Explanation – Digital Currency
  • What Is Dogecoin? – Doge is a digital currency which has used the doge internet meme as its logo. Originally designed as a joke, Dogecoin has done surprisingly well!
  • Who Are Dogecoin’s Competitors? – Bitcoin, Litecoin etc
  • Unique Selling Point – Dogecoin’s marketing is based around a meme of a dog
  • Website – http://dogecoin.com/

Buy DOGE HERE

39 – TenX (PAY)

  • Market Cap – $216 Million
  • Token Price – $2.06
  • Brief Explanation – Crypto Debit Card
  • What Is TenX? – A cryptocurrency debit card which allows the spending of many Cryptos through an app or debit card
  • Who Are TenX’s Competitors? – Monaco, Xapo, Cryptopay, Token Card
  • Unique Selling Point – When used abroad,  there is a 0% conversion fee, making it cheaper than regular debit cards
  • Website – https://www.tenx.tech/

Buy PAY HERE

40 – PIVX (PIVX)

  • Market Cap – $214 Million
  • Token Price – $3.89
  • Brief Explanation – Privacy Coin
  • What Is PIVX? – PIVX (Private Instant Verified X) is a digital currency that focuses on privacy, security, anonymity, and instant transactions.
  • Who Are PIVX’s Competitors? – Zcash, Monero
  • Unique Selling Point – PIVX implements a unique see-saw masternode algorithm – if the network is getting too Masternode heavy then the rewards each Masternode earns is reduced. This incentivises the Masternode owners to give up their votes and stake coins instead
  • Websitehttps://pivx.org/

Buy PIVX HERE

 

41 – MaidSafe (MAID)

  • Market Cap – $212 million
  • Token Price – $0.468
  • Brief Explanation – Decentralised Internet
  • What Is MaidSafe? – One of the most ambitious projects in the Crypto-space; attempting to create a decentralised internet that will provide net neutrality and freedom of internet for all, regardless of blocks such as China’s ‘great firewall’
  • Who Are MaidSafe’s Competitors?Substratum – Find our review of Substratum here
  • Unique Selling Point – Users will be able to rent out spare internet bandwidth to the server and are paid in MaidSafeCoin in return. This passive income element is appealing for many users
  • Website – https://maidsafe.net/

Buy MAID HERE

 

42 – SALT (SALT)

  • Market Cap – $211 Million
  • Token Price – $4.24
  • Brief Explanation – Lending Platform
  • What Is Salt?SALT platform will allow users to borrow cash through a loan by offering their Cryptocurrencies as collateral. As such, if you need money but don’t wish to cash in your Cryptos, you can borrow money and only have to sell them if you’re unable to make your repayments
  • Who Are Salt’s Competitors? – N/A
  • Unique Selling Point –  The ability to use blockchain assets as collateral is unique in itself
  • Websitehttps://www.saltlending.com/

Buy SALT HERE

 

43 – Raiden Network Token (RDN)

  • Market Cap – $207 Million
  • Token Price – $4.14
  • Brief Explanation – Scaling Project for Ethereum and ERC-20 Tokens
  • What Is Raiden Network Token? – Dubbed ‘The Lightning Network’ for Ethereum, the Raiden Network aims to allow incredible scalability (1 Million transactions per second) for Ethereum and ERC-20 Tokens through the use of off-chain transactions
  • Who Are Raiden Network Token’s Competitors? – N/A
  • Unique Selling Point – Brings massive scalability and off-chain transactions to Ethereum and Ethereum-based tokens
  • Websitehttps://raiden.network/

Buy RDN HERE

44 – Exchange Union (XUC)

  • Market Cap – $205 Million
  • Token Price – $8.26
  • Brief Explanation – Bridging Crypto Exchanges
  • What Is Exchange Union?Exchange Union aims to create a universal cross-exchange token. The token will be used to connect hundreds of exchanges worldwide so that a user can make a trade on any exchange while only accessing a single one. For example, if one user on Bitfinex exchange wishes to sell Ether while a user on Poloniex exchange wishes to buy Ether, Exchange Union aims to provide a system to connect these two people despite them using different exchanges
  • Who Are Exchange Union’s Competitors? – N/A
  • Unique Selling Point – With the addition of a new Crypto exchange virtually every day, the ability to link all of them together via one universal token is a huge selling point in itself. However, it should be noted that only 25 Million (0.8%) of the total 3 Billion Exchange Union tokens are in circulation. Therefore, it’s not unrealistic that the token price could suffer from a massive inflation rate
  • Website – https://www.exchangeunion.com/

Buy XUC HERE

 45 – DigixDAO (DGD)

  • Market Cap – $203 Million
  • Token Price – $101.65
  • Brief Explanation – Digital Gold & Currency
  • What Is DigixDAO?DigixDAO is a project hosted on the Ethereum blockchain which aims to be a store of value and a unit of exchanges that doesn’t rapidly fluctuate. DigixDAO has 2 tokens – DGX tokens are tied to the price of Gold hence they are stable and can theoretically be used to pay for things in the future. DGD tokens – the token type that you can buy on exchanges – allow holders to claim quarterly rewards based on transaction fees and allow voting rights on the platform
  • Who Are DigixDAO’s Competitors? – DGX Tokens are to be used as a digital currency hence the competition is Bitcoin, Bitcoin Cash, Litecoin etc.
  • Unique Selling Point – DGD tokens being pegged to a store of value such as Gold allows them to be spent without risk of high fluctuation
  • Website https://digix.global/

Buy DGD HERE

 46 – Binance Coin (BNB)

  • Market Cap – $198 Million
  • Token Price – $2.00
  • Brief Explanation – Crypto Exchange With Associated Coin
  • What Is Binance? – Binance is a Crypto exchange with an associated coin. The coin provides the benefits of reduced fees on the platform when fees are paid in this native coin. Due to the slick look of the platform and cheap fees, Binance has quickly become a favourite with traders
  • Who Are Binance’s Competitors? – Waves, Bitshares, OMG, KuCoin, COSS
  • Unique Selling Point – Reduced fees when using the native coin to pay for the remaining fees
  • Website – www.binance.com

Buy BNB HERE

47 – NXT (NXT)

  • Market Cap – $197 Million
  • Token Price – $0.197
  • Brief Explanation – Decentralised Exchange
  • What Is NXT? – NXT is a decentralised exchange built on their own blockchain 
  • Who Are NXT’s Competitors? – OMG, Waves, Bitshares 
  • Unique Selling Point – Users are able to upload small files, such as small images and plain text files, into the blockchain itself, which can be accessed by anyone else 
  • Website – https://nxt.org/

Buy NXT

 
48 – Factom (FCT)

  • Market Cap – $191 Million
  • Token Price – $21.80
  • Brief Explanation – Data Recording
  • What Is Factom? – Working on data integrity; a distributed record-keeping system used to store huge amounts of records on the blockchain. Factom uses the decentralised nature of the blockchain to record immutable information. There is also a strong focus on maintaining user anonymity
  • Who Are Factom’s Competitors? – Walton, Modum 
  • Unique Selling Point – Factom has a huge number of real world uses across many different industries, including: Medical Records, Voting Systems, Immutable Audits and Legal Applications
  • Website – https://www.factom.com/

Buy FCT HERE

49 – Veritaseum (VERI)

  • Market Cap – $188 Million
  • Token Price – $92.83
  • Brief Explanation – Maybe A Scam
  • What Is Veritaseum? – After searching for as much information about Veritaseum as possible, we were unable to determine exactly what they offer, other than a significant number of buzz words. We found many posts online claiming they were a scam. This combined with an extremely low trading volume which is virtually limited to one small exchange (Etherdelta), results in some very negative signs for the validity of the project. If you have more knowledge than us on this project, please let us know.
  • Who Are Veritaseum’s Competitors? – N/A
  • Unique Selling Point – N/A
  • Websitehttp://veritas.veritaseum.com/

Buy VERI HERE

 

50 – Status (SNT)

  • Market Cap – $178 Million
  • Token Price – $0.051
  • Brief Explanation – Ethereum Ecosystem Providers
  • What Is Status? – With so many projects launched on Ethereum recently and many more to come in the future, there is an ecosystem of dApps forming. Status aims to bring these dApps together by providing a dApp browser and decentralised messaging platform 
  • Who Are Status’ Competitors? – N/A
  • Unique Selling Point – Providing an connected ecosystem for the ever-growing list of projects built on top of the Ethereum network
  • Websitehttps://status.im/

Buy SNT HERE

 

Some affiliate links have been included. We cannot guarantee anything in this article with 100% accuracy – always do your own research!


Interested In Seeing January’s Top 50 List?

Remember to bookmark the page and join our Facebook Group where we’ll post the January article for you all of you to check out!

That’s the end article! Thanks for stopping by and don’t forget to check out our other articles for regular Crypto/ICO reviews and market updates.

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Disclaimer: None of the above is financial advice. Investments can go up and down with cryptocurrencies being an especially volatile market. Always do your own research and invest only what you can afford to lose.


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This article has been provided by our Business Analyst; Aaron Laver.

Bitcoin Fork Cancelled: Why Is This Good?

BTC Segwit2x Fork Failed

Bitcoin has cancelled the planned hard fork – Segwit2x. This represents a momentous occasion as it symbolises the first time in history that we are aware of where the community is more important than the wealthy 1%.

In today’s article, we’ll be covering why the fork has failed and why it was considered to be bad by the community in the first place.

 

YOU WILL LEARN:


The Original Goal Of Bitcoin’s Fork – Segwit2x

Why The Fork Failed

Why The Fork Was ‘Bad’

 

 

CONTENTS

  1. What Was The Fork All About?
  2. Why Was The Fork Cancelled?
  3. Why Did The Community Hate The Fork?
  4. Follow Future Posts


1. WHAT WAS THE FORK ALL ABOUT?

The original aim of the Bitcoin Fork was to “increase the blocksize and improve Bitcoin scalability”.

(Side note: For the majority of this article, I am discussing the 2x part of Segwit2x as this is the contentious part – I believe the majority of the community are happy with the Segwit element which began implementation months ago.)

The Pro Segwit2x argument goes like this:

  • Years ago, Bitcoin was very cheap and fast
  • As more people have begun using Bitcoin, the network has become overworked
  • This has caused Bitcoin to become slow and expensive as a means of transferring money
  • Currently, it can handle around 6 transactions per second
  • If we double the block size, the network speed would double, fees would drop and the network would improve.

The Counterargument is:

  • Doubling the block size may increase transaction speed but the the increase is only from roughly 6 to 12 transactions per second
  • To put this into context, Visa is able to handle 24,000+
  • Therefore, is the increase from 6 to 12 really going to help much?
  • No. And if it doesn’t help much, why take the risk and make an untested change that could damage the network?
  • This point is especially valid when you consider that there will be future solutions such as the lightning network which can increase the transactions by a multitude of thousands.
  • Surely, it makes more sense to continue developing the network without a huge risk until a serious solution such as this is possible to use?

There is also another key point to talk about which is how the decision was made in a boardroom by a group of CEOs – not the community – but we’ll get into that in the next section to explain why Segwit2x failed.

2. WHY WAS THE FORK CANCELLED?

The hard fork was called off because the majority of people in the Bitcoin community were strongly against it and the intention was never to divide the community. 

In other words, the reason behind cancelling Segwit2x is because most people were against it and, as a result, it was beginning to cause a split in the Bitcoin community which is bad for Bitcoin.

That’s the official reason at least.

For us, it’s more likely that the team behind the fork realised that they had already lost before the fork had even begun so there was no point continuing with their plans. This was evident because of the following reason:

  • Bitfinex were offering people the opportunity to buy Bitcoin and B2X futures. This is essentially a bet on what the price would be after the fork and is usually a good representation.
  • Bitcoin futures had a price of around $6,300 while B2X futures were priced as low as $1,300 just before the fork was cancelled.
  • With such a huge difference in prices, it’s a pretty obvious choice which coin miners would choose to mine – Bitcoin.
  • Even though 75% of miners were signalling that they would back B2X, several had dropped out and it’s highly likely more would have, especially as signalling doesn’t really mean anything binding.
  • Without many miners to mine B2X, the coin would have simply died or, at least, failed miserably

So why don’t we believe that they cancelled the fork for the good of the community instead of for their own financial gain?

Why Are We So Cynical?

You might call us cynical by saying that we believe profits are the real reason that the hard fork was cancelled. However, ask yourself this:

The  #NO2X has been so common over the past couple of month as a symbol of the community fighting back against the fork. It has been clear for a long time that this fork would split the Bitcoin community so why is it only now that the fork has been called off?

Anyway, let’s move on to why there was such strong opposition to the fork from within the Bitcoin community.


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3. WHY DID THE COMMUNITY HATE THE FORK?

Bitcoin is a decentralised currency. The emphasis is on decentralised here because this is the most important premise behind Bitcoin – the idea that nobody controls it and we, as a community, all decide on how it should run.

This is what separates Bitcoin from any currency that has ever existed before; they are all controlled by central authorities.

Did The Community Vote For The Fork?

Based off this, you might think that the community voted for the hard fork, right? After all, if we have an equal say and Bitcoin is decentralised then surely we must have?

No. The decision to carry out a hard fork – Segwit2x – was made by a group of CEOs in a boardroom meeting; the CEOs of the top mining pools and other major Bitcoin related companies.

In other words, a group of around 40-50 people made a decision about what should happen to the Bitcoin network without consulting anybody else.

To quote Richard Heart: “What could be more cancerous to a censorship proof cryptocurrency than a backroom signed agreement”. You can check out that quote – with a lot more swear words in the video below (it will jump straight to that quote if you hit play).

And this point is why the Bitcoin community has been so strongly advocating that the fork is ,not only bad for Bitcoin in general, but also lays the foundation for a dangerous principle – that Bitcoin can be controlled by CEOs instead of the community.

We Won

The community won the second that the fork cancelled.

Rather than the fork setting this dangerous precedent of how CEOs can control the network, the community has proven this isn’t the case and the users will decide how Bitcoin evolves over time.

If it hasn’t already sunk in, this is a huge moment for Bitcoin and the fundamental premise of decentralisation whereby the community holds the power, not the CEOs.

This a moment of celebration but also wariness as another principle has been set during this event – how easy it is to manipulate a market through a hard fork. If you don’t agree, answer one question for us:

Do you think that the CEOs bought altcoins before they announced the fork?

The majority of these altcoins shot up 20-30% in the few hours after the announcement and we would be willing to put money on the fact that the CEOs who cancelled the fork made huge amounts of money by tactically buying alts just before the made the announcement.

In the regular financial market, this would be considered insider trading but, in Crypto-land, this type of occurrence is commonplace and often looked past.

How Is This Dangerous?

This is dangerous because it has triggered it has most likely triggered the following thought for scammers out there in the community – of which there are many – ‘why don’t we create a hard fork and then cancel it? If we buy the altcoins before we make the announcement, we will make more money than any scam ICO has ever made.

If you’d like to learn more about the dangers of this, along with how we can prevent this as a community by educating people that forked coins are not free coins, check out our article and video here.

That’s the end of the article! Thanks for stopping by and don’t forget to check out our other articles for regular Crypto/ICO reviews and market updates.

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Disclaimer: None of the above is financial advice. Always do your own research.


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This article has been provided by our Business Analyst; Joseph Abiy.

Bitcoin Cash Hard Fork – How Will This Affect Your Investment?

BCH Hard Fork

On November 13th Bitcoin Cash is forking to fix its biggest problem – a problem which has led to ridiculously high fees and pointless transactions.

If the fork is able to fundamentally upgrade some of Bitcoin Cash’s issues, it could be the start of a bull run for ‘Bitcoin’s biggest rival’. Today, we’ll talk about how all of this could affect your investment.

 

YOU WILL LEARN:


Why is Bitcoin Cash Forking?

When is Bitcoin Cash Forking?

Will You Get A Free Coin?

How Will This Affect Your Investment?

 

 

CONTENTS

  1. What Is Bitcoin Cash?
  2. Why Is Bitcoin Cash Forking?
  3. How Will They Fix The Issue?
  4. Will You Get A ‘Free’ Coin?
  5. How Will This Affect Your Investment?
  6. Follow Future Posts 

1. WHAT IS BITCOIN CASH (BCH)?

Many of you may not even be aware of this as the big news in Cryptos recently has all been about the recently cancelled Bitcoin fork. However, the previous fork of Bitcoin called Bitcoin Cash is about to hard fork again.

In today’s article, we’ll go through some information to explain why Bitcoin Cash is forking again, how it will affect your investment and whether this had all been timed intentionally to disrupt Bitcoin

A Recap of Bitcoin Cash

For those who can’t remember, Bitcoin Cash is a hard fork that occurred on August 1st 2017 from the original Bitcoin. The split occurred because a part of the Bitcoin community believed that the upgrades to Bitcoin were simply not enough.

They argued that the change from 1mb to 2mb block sizes (which would double transaction speeds) was insufficient to allow the network to grow and be used by millions – potentially billions – of people worldwide.

Therefore, Bitcoin Cash was created as a hard fork of Bitcoin with an upgrade to 8mb blocks which increased transaction speed 8x

That’s the short recap, now let’s move on to why Bitcoin Cash is going to undergo a hard fork very soon.

2. WHY IS BITCOIN CASH FORKING?

When Bitcoin Cash split from Bitcoin, only 5% of the original Bitcoin miners were mining it. Also, the price was much less than Bitcoin; launching at around 1/10th of Bitcoin’s price.

With those numbers, Bitcoin would be far more profitable to mine than Bitcoin Cash resulting in very few people choosing to mine BCH.

If the team behind Bitcoin Cash had allowed this to happen, the network would have struggled to survive which is why they introduced a Difficulty Adjustment Algorithm (DAA) that began by severely reducing the difficulty of mining Bitcoin Cash and then regularly updated this difficulty in order to ensure that BCH always remained similarly profitable to Bitcoin.

In turn, this promoted some Bitcoin miners to mine Bitcoin cash too and allowed it to ‘survive as a minority chain’. While this strategy may have worked in the short term, it has caused issues for the longer term viability of the network.

What’s The Problem With This? 

We’ll briefly break down some background information for you guys now to explain why this has caused problems:

Bitcoin was built so that a new block would be found every 10 minutes, regardless of how many miners are searching for them. This is achieved by constantly updating the difficulty; when there are more miners, difficulty increases and, when there are fewer miners, difficulty decreases.

Bitcoin Cash was intended to be the same. However, the reality has been far from that. Due to the constant varying numbers of miners working to mine Bitcoin Cash, the difficulty varies so much that there have been times where blocks are found as infrequently as once every 4 hours and as regular as 61 in a single hour (1 per minute)

Obviously, this is nowhere near the target value of 1 block found every 10 minutes.

What’s The Downside Of Random Block Times?

These are the main issues:

  1. Varying transaction times
  2. Excessive fees paid to miners at times
  3. Too low fees paid to miners at other times causes them to switch to Bitcoin
  4. Too many blocks mined

Arguably the most significant issues from the list above – as far as the Bitcoin Cash development team are concerned – is the fact that too many blocks have been mined and therefore BCH have now mined more blocks than Bitcoin.

Why Does Block Number Matter?

Every 210,000 blocks, the mining rewards for Bitcoin halves – originally, miners were rewarded with 50 Bitcoin for every block they added. Then, it was 25 Bitcoin and now it’s 12.5. You can actually see a live updating website which shows when the next Bitcoin halving event is occurring here if you wish.

Due to the poor difficulty adjustment algorithm that Bitcoin Cash has been using, they are 7,800 blocks ahead of Bitcoin. In layman’s terms, this puts Bitcoin Cash (BCH) 55 days closer to reaching the next halving event than Bitcoin.

The sooner that BCH reaches the mining reward halving, the sooner that mining rewards will decrease. 

What Will Happen When BCH Mining Rewards Halve?

Imagine you are a miner and you’re able to switch between mining Bitcoin and Bitcoin Cash with relative ease. Now, let’s say that you can see a 100 day period coming up where Bitcoin Cash is offering just 6.25 BCH per block whereas Bitcoin is still offering 12.5 BTC.

Which Would You Mine?

From the perspective of a business driven by profits, it’s an obvious choice for Bitcoin Cash miners to switch back to Bitcoin.

This could lead to a miner exodus from the Bitcoin Cash network which would be a devastating blow – it would reduce transactions speeds to horrendous levels and most likely cause price to fall as a result.

Summary So Far

To summarise so far, Bitcoin Cash is undergoing a hard fork to alter the initial difficulty adjustment which was critical for their short-term survival but slowly destroying them in the long-term.

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Anyway, let’s get back to the content!

3. HOW WILL BITCOIN CASH FIX THE ISSUE?

In order to overcome this problem, Bitcoin Cash will be forking in order to introduce a new difficulty algorithm which aims to ensure more stable block times regardless of how many miners are mining it.

When Is Bitcoin Cash Forking?

Bitcoin Cash will fork on November 13th

Doesn’t that date sound a little close to when Bitcoin has originally planned to hard fork occurring on 15th November? My guess is that Bitcoin Cash are having their hard fork so soon before Bitcoin’s as a method of trying to disrupt Bitcoin.

The aim could be to prove that they can overcome their biggest issue to date while Bitcoin is undergoing its largest threat to date.

As it turns out, Bitcoin have delayed their fork due to a lack of consensus within the community.

4. WILL YOU GET FREE COINS?

Most of you will probably be thinking of the original Bitcoin Cash hard fork throughout this article and wonder if you’ll receive a ‘free coin’ as a result.

In this case, the answer is almost certainly no.

Firstly, forks never actually produce a free coin. If this were the case, why wouldn’t Bitcoin fork every week and produce hundreds of free coins for the coin holders.

If you want to learn more about where the true value of the ‘free coin’ comes from, check out our article here.

On top of that, a new coin is only produced when two groups within a cryptocurrency disagree during a hard fork and thus split off, going in different directions.

In the case of this Bitcoin Cash hard fork, it seems to be unanimously agreed throughout the community that this fork is needed and thus there is no need to create a second coin.

5. HOW WILL THIS AFFECT YOUR INVESTMENT?

The truth is, this won’t really affect your investment much if you’re already invested into Bitcoin Cash.

If anything, this is an upgrade to the network and could provide the necessary stimulus for BCH to enter a bullish period in the market.

That’s the end of the article! Thanks for stopping by and don’t forget to check out our other articles for regular Crypto/ICO reviews and market updates.

Would you like your ICO reviewed? Contact Us

Disclaimer: None of the above is financial advice. Always do your own research.

6. FOLLOW FUTURE POSTS

Come join us to follow future articles and personally chat with us:

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This article has been provided by our Business Analyst; Joseph Abiy.

What Is Market Cap? Does Price Even Matter?

Market Cap or Price - Cryptos

In today’s article, we will be discussing why price is zero indication of whether a Cryptocurrency is cheap or expensive is – a coin could be $100 and still be cheaper than a coin worth $0.01.

 


YOU WILL LEARN:


Why Crypto prices mean nothing 

What market cap means

Why market determines cheap or expensive

How to find the real list of cheap Cryptocurrencies

CONTENTS

  1. Does Price Matter?
  2. How To Find Cheap Cryptocurrencies
  3. What Does Market Cap Mean?
  4. Why Only Market Cap Matters
  5. How Does This Affect Investing?
  6. Follow Future Articles


1. DOES PRICE MATTER?

“What’s the best Cryptocurrency under $1?”

People regularly ask this question while in search of the ‘next cheap cryptocurrency to invest in’ but it makes absolutely no sense as a question.

You’re probably thinking:

“What’s the problem with this?”

If you don’t know, we strongly suggest that you keep reading!

The easiest way to explain is to simply show you a picture of a list of the top Cryptocurrencies. Check out the screenshot below and notice the red box we’ve used to circle the price of a Crypto named Ripple.

Price or Market Cap - Ripple

It’s listed as the 4th biggest cryptocurrency on Coinmarketcap.com (the biggest website for checking up-to-date Crypto prices) and yet a single token costs just $0.21 (21 cents).

How can that be? It’s so cheap that surely it can’t be one of the biggest cryptocurrencies?!

Now, we’ve included the same picture again below and we want you to look at it and do 2 things:

  1. Look at all of values under the price column for those top 10  (red column) 
  2. Now look at the values under the column ‘market cap’ (blue column)

Price or Market Cap Crypto Top 10

Do you notice that the top 10 cryptocurrencies (including Bitcoin) aren’t ordered in terms of price? But they ARE ordered from the highest market cap to the lowest.

Why Is That?

Because the ‘value of a cryptocurrency coin/token’ has nothing to do with price BUT it has everything to do with market cap.

And that’s why…

When you are trying to find the next cheap cryptocurrency that may increase 100x, you need to stop looking at price and start looking at market caps.

In a second, we’re going to explain exactly what crypto market cap means and why it’s so important.

First though, we know that some of you have probably found this information helpful and are ready to move on which is why we’re going to give you this tip right now which is…


2. HOW TO FIND CHEAP CRYPTOCURRENCIES

We’re not talking about fake cheap coins that may cost just 21 cents but aren’t really cheap at all. We’re talking about genuinely cheap coins that have the potential to increase 10x, 100x, maybe even 1000x.

All you have to do is go on the 2nd best website in cryptocurrencies (guess which is number #1) called Coinmarketcap.com which is where we took those screenshots from above from.

It will automatically show you the top 100 coins, ordered by market cap. In other words, ordered from most expensive to least expensive.

As you scroll down the list, you’ll gradually reach the cheaper coins which have the potential to increase a whole lot more than the coins at the top.

Beware: Do not take this as advice for coins you should buy! These coins nearer to the bottom are cheaper for a reason and they’re also a much bigger risk.

The higher the reward, the bigger the risk.

What you need to do is learn how to analyse coins to see which of these cheap coins are undervalued; this is the Warren Buffett method of investing and this is our way too at Crypto Gurus.

Better yet, what if someone analysed the market and found cheap coins for you? Check out our articles page, hit the ‘Reviews’ tab and you can see some of our research on the most undervalued coins in the market right now!

Now that you guys know what a cheap cryptocurrency actually is – one with a low market cap, not necessarily a low price – let’s move on to what market cap actually means.


3. WHAT DOES MARKET CAP MEAN?

Market capitalisation is the market value of a Cryptocurrencies outstanding coins. In other words, if you were to add up the price of all of the circulating coins of a Cryptocurrency, you would find the market cap.

For the mathematicians out there, you’ll probably prefer a formula so here it is:

Market Cap = Coin Price x Coin Supply

Another way to think of the market cap is this:

The market cap is the amount of investment currently in a Cryptocurrency. Remember this sentence because it’s very important!

Let’s rearrange the previous formula quickly so that we can see coin price more easily:

Coin Price = Market Cap / Coin Supply

Now, we’ll use an example to explain why coin price means very little.


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Anyway, let’s get back to the content!


4. WHY ONLY MARKET CAP MATTERS

Let’s say you have a coin called Crypto Gurus Coins:

  • The Crypto Gurus Coin has $100 million invested into it i.e. it has a market cap of $100 million
  • The Coin supply is also 100 million

What will the price be?

Coin Price = $100 million/100 million
Therefore, the coin price = $1

But, what happens if we reduce the supply to 10 million?

Coin Price = $100 million / 10 million
Now, the coin price = $10

Even though the same amount of money is invested in the coin, as ingle coins is suddenly worth 10x the value before. Why is that? 

Because token price is affected by supply

 This point above is also incredibly important and you should try to remember it! The reason that this is so important is because: 

All cryptocurrencies have a different supply

Let’s say a coin has a supply of 100 billion. How much will have to be invested for it each token to cost $1?

Using our formula:

Coin Price = Market Cap / Supply
$1 = Market Cap / 1 billion

The market cap would have to be $1 billion. In other words, the total investments in the coin would have to be $1 billion for the token price to just be $1.

Unless the coin is amazing, there is very little chance of this and so it could be overvalued even if it cost just $0.50

What about a coin with a supply of 1 million?

In this case, if just $1 million were invested in the coin, each one would be worth $1!

Which coin do you think is more likely to reach a price of $1? Obviously, it’s the one with a supply of just 1 million And, it’s for this exact reason that you cannot use the token price as a guide!

A coin can be $10 and be very cheap while another coin can be $0.01 and expensive


5. HOW DOES THIS AFFECT INVESTING?

When we say ‘cheap’ and ‘expensive’, we’re referring to the amount invested in them because this is the key factor to decide how much they can increase:

  • A ‘cheap’ coin can increase 10x, 100x, 1000x relatively easily
  • An expensive coin cannot increase so much because it is already expensive

Let’s use an example to explain:

  • Coin A has a market cap of $10 million
  • Coin B has a market cap of $100 million

Therefore, the total investments in Coin A are $10 million and the total investments in Coin B are $100 million

For Coin A its market cap to increase 10x, it would simply require that the investments increased to $100 million i.e. a $90 million increase

For Coin B to increase its market cap 10x, it would require that investments increased to $1,000 million ($1 billion) i.e. a $900 million increase

Which is more likely to increase 10x?

Assuming all other things are equal, coin A is much more likely to increase 10x because it requires much less extra investment to do so.

When investing, you always have to consider the risk/reward ratio – coins with lower market caps might have much higher potential returns but they also carry higher associated risk.

A smaller percentage of any portfolio should be committed to the higher risk coins. In other words, larger market cap coins should make up a larger portion of a good portfolio than smaller cap coins.

That’s the end of the article! Thanks for stopping by and don’t forget to check out our other articles for regular Crypto/ICO reviews and market updates.

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Disclaimer: None of the above is financial advice. Always do your own research.


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This article has been provided by the CEO; Tom Heavey.