The prices of some cryptocurrencies back in January 2017: Bitcoin was around $1000, Litecoin was $4.3, and Ripple was about $0.006311.
Fast forward 11 months, returns on Bitcoin were 1,400%. Comparing it to Ripple and Litecoin, this percentage is meager: beating Bitcoin by 36,000% & 5,200%.
In the last week of 2017, Ripple’s market cap surged past $100 billion. It even crossed the $72 million market cap of Ethereum.
Quite a few Cryptocurrencies gave incredible returns that time. However, they couldn’t gain popularity as the world’s most popular cryptocurrency. Furthermore, these cryptocurrencies happen to be the favorite ones that the best of the best crypto signals providers use. Most of the providers trust a bunch of great projects with a solid foundation and will trade only them.
Ripple
Ripple got into the limelight towards the quit of 2017. Despite Bitcoin being a tremendous competitor, Ripple serves a different purpose. In reality, it is a centralized transaction network utilized by banks for cash transfers.
Money sent is transformed into an XRP token at one end on the Ripple network and back into desired currency state on the receiving end. RIPPLE claims XRP to be a faster and more reliable alternative than Bitcoin.
The price of Ripple went past $2.3 in the latter half of 2017. It was all over the news that South Korean & Japanese were testing the feasibility of cryptocurrency in cross-border payments.
Dash
Like Ethereum, Dash is an improvement platform and promotes itself as a peer-to-peer decentralized digital cash. In contrast to Bitcoin, Dash has quirky features owing to privacy and quick transactions. Dash confirms transaction in a whopping four seconds, much faster than 10-minute Bitcoin.
Currently, Dash charges a mere $0.4 per transaction. However, this fee might increase when people start using it more. Dash stepped foot in crypto with a price of $11.23. It is currently trading somewhere around the $ 617.53 mark.
That’s roughly a surge of 1000%. As of 1st March 2017, Dash owes a market cap worth $4.82 billion.
Litecoin
Litecoin was born to be faster and better than Bitcoin. The introduction of features like SegWit and a lightning network made transactions cheaper. Transactions take 2.5minutes via Litecoin, much faster than Bitcoin’s 10-minute mark.
Among all, the biggest advantage of Litecoin is its 84 million token limit and an extensive mining process.
Litecoin set foot in 2017 with its value at $4.5. Currently, it is trading at $210. If we do the Math, that’s a staggering rise of 5,046%. As of March 2017, its market cap is worth $11.37 billion.
Ethereum
Many traders favor Ethereum above Bitcoin. It is because Ethereum permits the improvement of numerous decentralized applications on its platform. Also, it leverages trading on Ether tokens.
You can build blockchain-based decentralized applications using Ethereum on the backend. How cool is that? Also, the code is intuitive and easy to understand. This makes Ethereum one-of-a-kind.
Starting at a meager $8 in 2017, Ethereum has produced top-notch returns of over 9,162%. Currently, Ethereum holds one of the top 5 spots in the most popular cryptocurrency list of all time.
Cardano
Cardano is a simple platform used for digital money transactions. It was created to overcome challenges faced by other cryptocurrencies such as scalability, interoperability, and regulatory compliance.
Ethereum co-founder, Charles Hopkinson, created Cardano in 2015 and launched it by 2017. He left Ethereum when there was a dispute with one of its co-founders.
95% of Cardano’s initial coin offerings were Japanese. For this reason, “Ethereum of Japan” is another name for Cardano.
International organization of scientists and teachers specializing in the blockchain era manages Cardano. The marketplace cap of Cardano dated on 1st March 2017 was worth $7.50 billion.