As 2018 winds down, opinions on a possible market rally vary. Regardless of which side of the divide you are on, you must agree that rounding up the Top 5 cryptocurrencies of 2018 is indeed a difficult task. No doubt, most of these cryptos have performed terribly in the year under review.
However, there are certain criteria Bittpress used to aggregate the Top 5 cryptocurrencies of 2018. These factors include price stability, mass adoption and market capitalization.
Here follows the Top 5 Cryptocurrencies of 2018:
5. Litecoin (LTC)
When Charlie Lee, the founder of Litecoin, announced that he sold off his entire LTC possession, nobody was sure what he had in mind. But that didn’t stop the team at Litecoin from making an effort to grow the coin.
Consequently, the Litecoin Foundation signed some groundbreaking contracts, which saw the crypto rise momentarily. To date, the Litecoin network and coin enjoy widespread application in the industry.
4. Bitcoin Cash (BCH)
Apparently, this list would be incomplete without a mention of Bitcoin Cash. Credit goes to the team for attempting to increase its block size. However, BCH has been in the news lately for all the wrong reasons.
Indeed, the controversy surrounding the proposed hard fork has yet to die down. Some crypto experts argue that the hard fork plunged the entire market into a bear. Nevertheless, BCH comes in at Number 4.
3. Ethereum (ETH)
Apart from becoming the most popular cryptocurrency among decentralized app (dApp) developers, the real-world application of ETH is increasing every day. Looking at its performance, it’s typical of many crashing altcoins.
Despite this, ETH is still substantially useful elsewhere in the industry leading to its number 3 spot on the Top 5 list. Therefore, experts argue that cryptocurrency is worthless if it has no real-world value.
2. Ripple (XRP)
Who would have thought that XRP would kick Ethereum (ETH) from number 2 position based on MCAP? Considering real-world application, Ripple products have been a cut above the rest. In addition, the coin experienced growth to exchange at $0.512395 USD when other altcoins keep depreciating. XRP earns our second spot on the list of the Top 5 cryptocurrencies of 2018.
1. Bitcoin (BTC)
Hate it or love it, Bitcoin is still the undisputable king of the entire cryptocurrency market. However, 2018 proved to be one of its worst years. Starting off in January with $20,000 USD, BTC crashed to $5,500 USD. Although BTC crashed to the surprise of the investors, we must state that it once rose to $8,000 USD in July. Today, its market cap hovers around $20B USD from $110B USD in January. Nonetheless, the coin remains at the top of the Top 5 list for now.
While everyone is entitled to an opinion as to the Top 5 cryptocurrencies of 2018, these five cryptos kept the entire industry eventful, purposeful and promising.
In a nutshell, each of their teams gave some form of assurance to the cryptocurrency world that the new asset class is worth consideration despite the bearish market. Consequently, they remain the most widely used cryptos with huge MCAPs and fair performance all year round.
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