Top 5 Cryptocurrencies with the Higher Market Cap and Tips on How to buy Ethereum at Profit

It is not just about checking market prices on trading platforms, or surfing the internet looking for the best platform to buy Ethereum or its equivalents. Most times, you should be more interested in knowing about the market capitalization of some of these coins, it helps in making real-time analysis on the best coin to invest in.

Top 5 Cryptocurrencies with the Higher Market Cap and Tips on How to buy Ethereum at Profit 2

As we all know, Bitcoin has the biggest market capitalization in the industry, thus, making it the biggest digital currency on the face of the earth. The coin has grown to become the biggest digital asset in the world today, followed by other big names like Litecoin, Ethereum, Ethereum Classic, Ripple, etc. For the benefit of our readers who are not familiar with the term “market capitalization,” a brief explanation will do. It is the total money market value of a coin in the market.

So, since Bitcoin has the biggest market capitalization, it means that its market is on the high side. So, when next you are out to buy Ethereum or any other performing coins, make sure you measure its value using the market cap. Below, we have made a list of top Cryptocurrencies in the market with the most market cap.

Top 5 Coins with the Biggest Market Capitalization

1.         Bitcoin

Launched in 2008, and over 17.1 million in circulation, Bitcoin has a market capitalization of over $1.2 Trillion and promises to increase over time as its presence keeps expanding. Today, hundreds of companies e.g. PitchBook, BitQT have adopted Bitcoin as a payment method, and even countries like El Salvador have adopted it as a national medium of payment. As of the time of writing this article, the BTC is currently sold at $63.852,85 on Bitvavo.com, and is very much expected to appreciate over time, considering its mass acceptance. So, even as you plan to buy Ethereum during the dip, also consider the potential that lies in Bitcoin.

2.         Ethereum

As of 2019, the market price of Ethereum was around $400. Today, the market capitalization of this coin has pumped its price to over $4000 but sold at $4,633,14. Today, some crypto traders prefer to buy Ethereum for keeping, because of its propensity to increase over time in price. As for the market capitalization, Ethereum has a current market cap of over $ $539.71 Billion, and it also promises to increase over time.

3.         Ripple

With over 39 billion tokens in circulation, as at the time of this article, the market capitalization of Ripple stands at $ $52.755 billion and is currently sold for $1.19 on Bitvavo.com platform. Instead of conventional blockchain mining, Ripples uses what is called “the consensus mechanism” which works through a group of servers owned by bankers to verify transactions.

4.         Bitcoin Cash

Bitcoin Cash is a bitcoin spin-off launched in 2017, ever since then, it has witnessed another round of attention from users. The wide acceptance has boosted its market capitalization to around $12.64 Billion, and currently, there are only 17.2 million BCH in circulation. Before you decide to rush in and buy Ethereum, it is worthy of mention that Bitcoin cash, just like Bitcoin, has a good future, considering its widespread adoption.

5.         EOS

The Electro-Optic Systems (EOS) was launched on January 31, 2018, and has already gathered a $4.70 Billion market capitalization. Currently, there are 896 million tokens in circulation. As of the time of writing this article, EOS sells at $4.85

Finally, as cryptocurrency continues to dominate the way we transact, it will only be rational if we acknowledge the technology that made the blockchain possible. This technology has made it possible for people to conduct smooth transactions online, and also reduce the price of trust among the participating parties. Again, since the introduction of cryptocurrency into the financial space, it has gone beyond just trading, as in, buy Ethereum or any other coins during the dip, to resell when it appreciates. Today, it has created even more profitable industries like the cryptocurrency loan companies.

And please note, that the coins we mentioned above are not the only ones that have accumulated a large market cap; there are still ones out there with at least a 5-billion-dollar market cap. The ones we mentioned above are considered the top market leaders. On the other hand, one can barely predict exactly where the future of cryptocurrencies is heading, but from the look of things, “the moon might not be its final destination.”