Based on our independent evaluation. Not investment advice. Listed in order of anticipated importance, by name, stock symbol, and market price (US Dollar) at the time of writing.
#1 Bitcoin (BTC) 🏆
The one that started it all. The Granddaddy-OG. Simply put, Bitcoin is the best - not because of its technology features and applications (for that look at ETH) but because of two simple facts: It came first, and it is of limited supply.
Sure, you could argue that there can be theoretically unlimited made, but I would argue that due to a wonderful little quirk called a "halving" you'll always be looking at a diminishing trickle of new coins as we all mince and fight over (i.e. trade) the existing ones. Kinda like gold, in a way.
We expect the prolonged steady increase in value to bring about crypto dynasties, generations of wealthy individuals who's assets and funds come from cryptocurrency holdings. The next generation's Rockafellers and Vanderbilts will be those who owned cryptocurrency before worldwide adoption.
At the time of writing there are 21 million bitcoins in circulation.
There are 7 billion humans on Earth.
That's 0.0028 BTC per person, if divided evenly among us.
Not only that, Bitcoin represents something bigger: the end of big private centralized banks (at least in their current form) and a solid start for open-source finance.
Bitcoin marks the beginning of a new era.
#2 Ethereum (ETH) 🔧
Ethereum is a global, decentralized platform for money and new kinds of applications. On Ethereum, you can write code that controls money, and build applications accessible anywhere in the world
Launched in July of 2015, Ethereum is the largest and most well-established, open-ended decentralized software platform. Ethereum enables the deployment of smart contracts and decentralized applications (dapps) to be built and run without any downtime, fraud, control or interference from a third party.
In short, Ethereum is technically impressive because mining it serves a greater purpose, and it makes leveraging that fairly simple.
#3 Litecoin (LTC) 🥈
Normies don't understand Ethereum so they do Litecoin.
Litecoin’s greater number of maximum coins might offer a psychological advantage over Bitcoin, due to its smaller price as of yet for a single unit.
Lite version of Bitcoin.
2011 by founder Charlie Lee
- Litecoin can produce a greater number of coins than Bitcoin and its transaction speed is faster, but these factors are largely psychological boons for the investor and don't impact the value or usability of the currency.
- Bitcoin and Litecoin use fundamentally different cryptographic algorithms: Bitcoin uses the longstanding SHA-256 algorithm, and Litecoin uses a newer algorithm called Scrypt.
More on Scrypt vs SHA:
SHA-256 is generally considered to be a more complex algorithm than Scrypt, while at the same time allowing a greater degree of parallel processing.
Scrypt, by contrast, was designed to be less susceptible to the kinds of custom hardware solutions employed in ASIC-based mining. This has led many commentators to view Scrypt-based cryptocurrencies such as Litecoin as being more accessible for users who also wish to participate in the network as miners. While some companies have brought Scrypt ASICs to the market, Litecoin’s vision of more easily accessible mining is still a reality, as a good portion of Litecoin mining is still done via miners' CPUs or GPUs.14
#4 Dogecoin (DOGE) 🐕
Elon tweeted. Meme coin go brrr 🚀🚀🚀🚀
Seriously though, jokes aside... this one has always been a joke. That kind of joke that just sticks around because, well "hey it's new to me!".
And so in true dad joke fashion, just like your friend asking you if you like mud-kips years and years later this coin will still be bouncing around, accruing both value and dust in the meme economy.
Honorable Mention - Gridcoin 🧬
What kind of top X list would we be without an honorable mention? For those of you eager for more learning, we'll end on a wholesome, educational note.
Gridcoin is an open source cryptocurrency which securely rewards volunteer computing performed on the BOINC, a distributed computing platform that is home to over 30 science projects spanning a range of scientific disciplines.
Gridcoin attempts to address and ease the environmental energy impact of cryptocurrency mining through its proof-of-research and proof-of-stake protocols, as compared to the proof of work system used by Bitcoin.
Note that the Proof of Work concept is not unique to Gridcoin, as it was actually popularized by the #2 crypto on this year's list: Ethereum.
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