While the world of cryptocurrency is still ruled by Bitcoin, there are other major virtual currencies which are quickly gaining momentum and popularity among crypto enthusiasts. Below is a list of the top cryptocurrencies other than bitcoin that are doing well in the crypto space This list is compiled taking various factors into consideration. Other than market capitalization, there are other factors that have been considered into account for the listing of these cryptocurrencies.
Litecoin was one of the first cryptocurrencies to be launched after bitcoin. The creator of Litecoin is an MIT graduate named Charlie Lee. It was launched as an open source global payment network. The market capitalization of Litecoin as on June 2019 is $8.23 billion.
Value against the US Dollar: 1 LTC = $121.69 USD
Litecoin/Bitcoin Ratio: 1 BTC = 91.65 LTC
Ethereum was launched in 2015. It is a software platform for decentralized applications. It lets you write codes that signal digital value. Initially, it was only preferred by developers who wanted to run applications inside ethereum. Now, it has become more popular with investors who like to trade in cryptocurrencies. The market capitalization of Ethereum as on June 2019 is $34 billion.
Value against the US Dollar: 1 ETH = $319.19 USD
Ethereum/Bitcoin Ratio 1 BTC = 38.03 ETH
Zcash is another decentralized cryptocurrency that got launched in 2016. It boasts of extra privacy and security as its USP. Unlike other cryptocurrencies, certain details of transactions such as sender, recipient and amount are kept private in Zcash transactions. The market capitalization of Zcash as on June 2019 is $780 million.
Value against the US Dollar: 1 ZEC = $114.31
Zcash/Bitcoin Ratio: 1 BTC = 106.57 ZEC
Darkcoin was launched in 2014. It was rebranded to Dash in 2015. Created by Evan Duffield, this cryptocurrency shot up to the top spots in the popular cryptocurrency list in a very short span of time. The market capitalization of Zcash as on June 2019 is $1.5 billion.
Value against the US Dollar: 1 DASH = $171.51
Dash/Bitcoin Ratio: 1 BTC = 70.85 DASH
Ripple was launched in 2012 as a cryptocurrency that offers low-cost international payments. One of the things that makes Ripple unique is its way of confirmation. Unlike other cryptocurrencies, Ripple is not mined. There is a minimum use of computing power in the creation of this virtual currency. The market capitalization of Ripple as on June 2019 is $18 billion.
Value against the US Dollar: 1 XRP = $0.427055
XRP/Bitcoin Ratio 1 BTC = 28345.81 XRP
Monero was launched in 2014 and soon it gained popularity among crypto enthusiasts. It has one of the best security and privacy mechanisms. There have been technological advances in the world of cryptocurrency because of this cryptocurrency. The market capitalization of Monero as on June 2019 is $1.6 billion.
Value against the US Dollar: 1 XMR = $99.06
Monero/Bitcoin Ratio: 1 BTC = 122.07 XMR
Bitcoin Cash (BCH)
Bitcoin Cash is one of the most successful hard forks of Bitcoin. It got introduced in August of 2017. The market capitalization of Bitcoin Cash as on June 2019 is $7.8 billion.
Value against the US Dollar: 1 BCH = $441.17
Bitcoin Cash/Bitcoin Ratio: 1 BTC = 27.39 BCH
Bitcoin is still the most popular cryptocurrency in the world. However, these new virtual currencies are gradually getting more and more used. With the coming of these new cryptocurrencies and many more, the crypto space is becoming competitive. It is time that will let you know which of these cryptocurrencies will be the next leader in the world of virtual currencies.