With the recent market crash, many are wondering what cryptocurrencies will survive. In this blog post, we take a look at the top 5 cryptocurrencies that we believe will survive the market crash.
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Bitcoin
Bitcoin is the granddaddy of all cryptocurrencies, and it remains the most prominent. As of this writing, one Bitcoin is worth around $7,000. That’s well down from its highs above $19,000 in late 2017, but it’s still a substantial amount of money. More important, though, is the fact that Bitcoin remains the most popular cryptocurrency by a wide margin.
There are several factors working in Bitcoin’s favor. First, it was the first cryptocurrency, and it has been around for more than 10 years. That gives it a level of name recognition that none of its rivals can match. Second, its underlying technology – the blockchain – is being adopted by an increasing number of organizations, including some major corporations. That adds to its credibility and increases its appeal as an investment vehicle. Finally, Bitcoin benefits from a large and active community of supporters who are constantly finding new uses for the currency.
Ethereum
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.
The Ethereum Virtual Machine (EVM) is a Turing-complete software that runs on the Ethereum network. It enables anyone to run any program, regardless of the programming language given enough time and memory. The Ethereum Virtual Machine makes the process of creating blockchain applications much easier and efficient than ever before. Instead of having to build an entirely original blockchain for each new application, Ethereum enables the development of potentially thousands of different applications all on one platform.
Ethereum was first proposed in 2013 by Vitalik Buterin, a Russian-Canadian programmer. ETH is the native currency for the Ethereum platform and also works as a transaction fee when developers create and deploy decentralized applications on the Ethereum blockchain.
As of June 2018, Ether has a market capitalization near $45 billion USD and is ranked second behind only Bitcoin in terms of total market value.
Bitcoin Cash
Bitcoin Cash (BCH) is a direct split from Bitcoin (BTC). This means that at the time of the fork, everyone who owned BTC also became an equal owner of BCH. Bitcoin Cash was created to fix some of the perceived problems with Bitcoin – namely, high fees and slow transaction times.
Bitcoin Cash has become one of the most popular cryptocurrencies, and its popularity seems to be only increasing. While it remains to be seen whether or not BCH will ultimately survive, its current popularity and price make it look like a strong contender.
Litecoin
Litecoin is often described as the silver to Bitcoin’s gold. Like Bitcoin, Litecoin is a decentralized cryptocurrency that can be used to perform peer-to-peer transactions. Litecoin was created in 2011 by Charlie Lee, a former Google engineer.
Litecoin has several advantages over Bitcoin that have helped it survive despite the cryptocurrency market crash of 2018. First, Litecoin has a faster block time than Bitcoin. This means that transactions are confirmed more quickly on the Litecoin network. Second, Litecoin uses a different proof-of-work algorithm than Bitcoin, which makes it easier for people to mine Litecoin with consumer-grade hardware. Finally, Litecoin has a larger total supply than Bitcoin, which means it can potentially be more resilient to large swings in price.
Ripple
Ripple is a cryptocurrency that has been around for a while, but it has only recently gained mainstream attention. Ripple is different from other cryptocurrencies in several ways, but the most notable difference is that it is not decentralized like most other cryptocurrencies. Instead, Ripple is a centralized platform that allows for fast and cheap international payments. Ripple has already partnered with major banks and financial institutions, and it is one of the most promising cryptocurrencies in terms of mass adoption.
Dash
Dash, created in 2014, is a digital currency that allows for instant, private payments online or in-store. It’s similar to Bitcoin but with a focus on privacy and speed. Transactions are confirmed by 200 Tera hashes per second (TH/s) of mining power, making it one of the most secure and fastest currencies on the market.
NEM
NEM (New Economy Movement) is a blockchain platform that was launched in 2015. NEM has a unique consensus mechanism called Proof of Importance (POI), which rewards users for their contributions to the network. NEM also has a built-in cryptocurrency called XEM, which can be used to pay for transaction fees or other services on the network.
NEM has been gaining popularity in recent years, and it is considered to be one of the most promising blockchain projects. NEM has a strong community and partnership with major corporations, which gives it a good chance of surviving in the long term.
IOTA
IOTA is a cryptocurrency designed for the Internet of Things. It’s based on a new distributed ledger technology, the Tangle, which is scalable, lightweight, and for the first time ever makes it possible to transfer value without any fees. IOTA is still in development and has not yet been launched.
Monero
Monero is a digital currency that offers a high level of anonymity and privacy for users. Transactions on the Monero network are obfuscated, which means that they cannot be traced or linked to a specific user. Monero is one of the few remaining privacy-focused cryptocurrencies in the market, and it has a solid team of developers working on the project. The currency has seen strong adoption in illicit markets, and it is one of the most popular cryptocurrencies among criminals.
Ethereum Classic
Ethereum Classic is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.
Ethereum Classic is a continuation of the original Ethereum blockchain – the classic version preserving untampered history; free from external manipulation and censorship.
