Thanks to the extensive presence in the business media and financial news, many people know that there are also internet currencies in addition to paper money currencies (euros, dollars, etc.). Knowledge is often limited to Bitcoin because a large proportion of the reports on cryptocurrencies are part of the world's leading Internet currency rates. The portfolio of cryptocurrencies includes several thousand digital coins. New crypto projects are constantly being placed on the market, others are lost after a short time in crypto-nirvana due to lack of unsuccessfulness (or because they were created as a scam).
It is difficult to keep an overview. Some of the crypto prospects should be able to name the top 10 cryptocurrency. Which coins and tokens are more or less strongly positioned on the market or have only recently been listed on the stock exchanges can be found on cryptocurrency market comparison portals. A well-researched cryptocurrency list contains much more information than just a list of coins. The guide goes into details and special features.
- List cryptocurrency with coin ranking
- Bitcoin is the undisputed number 1 cryptocurrency
- More than 2,500 coins and tokens on the market
- CFD trading with selected cryptocurrencies
Table of contents
- Cryptocurrency list: Information on the development of Bitcoin & Co.
- Top 10 cryptocurrencies - August 2019
- Which cryptocurrencies are currently in the investor focus?
- Importance of cryptocurrencies in the financial market
- Exchange rates and prices in the crypto list
- Cryptocurrencies with risks as a means of payment
- Create your own cryptocurrency
- Utility and security tokens with different efforts
- ERC20 Standard basis for many cryptocurrencies
- Cryptocurrencies at the broker Trade
- Conclusion on the cryptocurrency list: Large selection of coins, but little unusual
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Cryptocurrency list : Information on the development of Bitcoin & Co.
As In 2009 the first Bitcoin was generated and the first transactions in the network a year later, this was hardly noticed in many places. After all, this was the beginning of the digital blockchain age. The potential of this interesting idea only became apparent in the following years.
A variety of coins are listed on cryptocurrency portals such as CoinMarketCap. Depending on the marketplace, the numbers are different due to the respective admission requirements. While there are more than 5,000 coins at Coingecko, CoinMarketCap carries around 2,500 cryptocurrencies.
Which cryptocurrencies are market leaders
At first glance, the cryptocurrency market seems to be on the German cryptocurrency list huge. But who the heavyweights are, becomes visible with the cryptocurrency ranking. There are few digital currencies that have a high market capitalization.
Top 10 cryptocurrency - August 2019
Rank cryptocurrency symbol Start of the year market capitalization Euro
1 Bitcoin BTC 2009 154 billion
2 Ethereum ETH 2014 16 billion
3 Ripple XRP 2013 9.8 billion
4 Bitcoin Cash BCH 2017 4.4 billion
5 Litecoin LTC 2012 3.5 billion
6 Binance Coin BNB 2018 3 billion
7 Tether USDT 2018 3.2 billion
8 EOS EOS 2017 2.9 billion
9 Bitcoin SV BSV 2018 2 billion
10 Monero XMR 2017 1 billion
Bitcoin, the oldest and world's leading Internet currency, is the way ahead. The market capitalization of 154 billion euros makes up more than 60 percent of all other digital coins traded. Ethereum, number two in the current ranking, embodies a total value of more than 16 billion euros. The large distance between Bitcoin (number 1) and Ethereum (number 2) is visible here. The cryptocurrencies from third to tenth place have a market capitalization of 1 billion and more.
Bitcoin gold, the second spin-off from Bitcoin, is in 35th place with a total value of around 175 million euros 100 at Solve.Care is just a little over 30 million euros. All cryptocurrencies with lower market values than Bitcoin and Ethereum have to make friends with the fact that they will regularly change their places in the cryptocurrency list.
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(BCH) Bitcoin Cash Price Prediction 2020 & Analysis
Which cryptocurrencies are currently in the investor focus?
The currently dominant cryptocurrency Bitcoin was launched with the aim of being an decentralized means of payment as an alternative to the known paper currencies (fiat currencies). At the moment it is more an object of the speculators. Real future prospects hinder slow transactions, high energy consumption and impending regulations. The existing market capitalization may hide existing restrictions or shortcomings.
After all, the open source code has ensured that further digital currencies are based on the Bitcoin standard or create a fundamentally new blockchain like Ethereum. Open source is one of the reasons that new alternatives emerge every day. Only those survive who convince the market participants with a unique, completely new idea or a particular benefit. Many will not be that, experts predict with a view today. Blockchain technology has sparked interest among central banks. In any case, it should become increasingly important in everyday financial life and corporate relationships.
Ether is the second largest digital currency. The Ethereum tokens in circulation weigh around 16 billion euros. In addition to the means of payment function, the ether blockchain has an additional function, the so-called smart contracts. A smart contract, for example, enables contractually regulated payments to be triggered automatically upon the occurrence of a certain event, such as receipt of goods or the occurrence of an insurance event. The smart contract principle is currently being tested in many areas and has already been successfully implemented.
XRP / Ripple (XRP)
Ripple, also known as the darling of banks both platform and digital currency. The open source platform enables fast and inexpensive transactions. Ripple has set itself the task of regulating all international payments. XRP is the platform's own currency XRP). XRP coins can be created by any platform user via RippleNet.
RippleNet refers to a network of currently more than 200 institutional payment providers. These include banks and other financial service providers (Banco Santander, American Express, Royal Bank of Canada) that use Ripple developments for global money transfers.
Peercoins are considered environmentally friendly and an alternative to energy-hungry Bitcoin. Mining Bitcoin or ensuring network security uses as much electricity as smaller countries. The energy problem does not arise with peercoins. The network security provided by network participants (proof-of-stake algorithm) does not depend on its computing power.
In contrast to most other cryptocoins, the number of peercoins (PPC) is not limited. The offer increases by one percent each year. Peercoin is still far from the top coins. The environmentally friendly cyber currency (start 2012) is currently in 269th place out of around 2500 cryptocurrencies with a market capitalization of around 7 million euros.
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IOTA (Start 2015) see many experts as one of the most interesting crypto projects. The purpose of the Internet currency, also known as the machine currency, is to communicate between machines without human intervention. With IOTA, the requirements for the Internet of Things (IoT) and for networking between smart devices can be implemented.
One of the advantages of the platform is that a large number of crypto transactions can be carried out with small amounts can be. All transfers are free of charge. There are no miners at IOTA. The network takes over the security function. All 2.7 trillion tokens have already been issued. With a market value of around 620 million euros, IATO is currently the 17th most important cyber coin.
The cryptocurrency Dash started in 2014 with the goal to send money easily and quickly over the Internet. Dash has some similarities with Bitcoin, but it's superior in terms of execution time, cost, and organization. It also offers its users real discretion. For this purpose, a special concealment technique is used so that it is impossible to publicly track the transactions in the blockchain.
Dash often has to defend itself against the accusation of being the currency of criminals. With a total value of over 650 million euros, it is currently among the 20 most important currencies in the crypto universe.
The young cryptocurrency Cardano wants a blockchain the third generation. Scientific methods are used in platform development. Existing cryptocurrencies are constantly checked for errors and security gaps and excluded on their own platform. The inventors promise to be able to react flexibly in the event of government regulation. Cardano is very similar to Ethereum. The coin has the functions of currency, smart contract (SC) and decentralized apps (dApps).
The users of the IOTA system are said to include banks, companies, central banks and individuals as well as other organizations. The aim is the maximum security of payment transactions while maintaining a certain anonymity. The current value of the ADA Coins is around one billion euros. It is therefore regularly among the top 10 cryptocurrencies.
Significance of cryptocurrencies in the financial market
Even if interest in Bitcoin & Co. is currently growing strongly again, digital coins and tokens currently play little more than a secondary role in the financial or overall economy. So far, they have not been able to make a decisive recommendation to consumers and retailers as an alternative digital payment method. Bitcoin in particular has proven to be a popular investment product, particularly among speculators.
In August 2019, the market capitalization of the traded cryptocurrencies amounts to around 224 billion euros. In comparison, the stock market embodies a value of more than 100 trillion euros. This shows how insignificant is the share of cryptocurrencies in the global financial market. With its market capitalization, Bitcoin is also far from being the strongest on the market. The Amazon company alone has a market value of more than 870 billion euros. The IT company SAP from the German DAX30 is worth more than 130 billion euros. Lufthansa, the last listed company in the DAX30, has a turnover of 6 billion euros.
The numbers in the 2019 cryptocurrency ranking make it clear that only a few digital currencies can keep up with the market capitalization of a DAX company. These are primarily Bitcoin, Ethereum and XRP, which embody a market value of ten billion euros and higher. Most of the other cryptocurrencies such as Bitcoin Cash, Binance Coin, Ether, IOTA, Monero, Dash or Stellar also benefit from rising Bitcoin prices.
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Quotes & currency prices in the crypto list
Bitcoin & Co. primarily want to be a decentralized everyday means of payment and an alternative to paper money. Many cryptocurrencies on the market offer more technically than the Bitcoin network. Additional token functions provide a certain unique selling point, which increases the attractiveness. Increased demand has a positive effect on cryptocurrency prices.
The current currency prices of individual coins that are listed in a German cryptocurrency list are not necessarily the result of a particular benefit. Supply and demand determine the exchange rate as with other products. In any case, the price range is very large. Among the top 100 cryptocurrencies, it ranges from more than 8,000 euros per Bitcoin (BTC) to 0.001 euros per ReddCoin. The price alone does not allow a rating. Ripple XRPs cost EUR 0.23 per XRP and this is a top 5 cryptocurrency.
Circulation supply also plays a role. While Bitcoin currently has 17.9 million BTC in circulation, there are more than 42 billion ripple coins. The daily trading volume shows how market participants trade in the currency.
Cryptocurrencies with risks as a means of payment
Digital coins are legal as a means of payment. The broad acceptance is still missing. They are not legal tender in any country worldwide. Cryptocurrencies should be able to make future payments cheaper, faster and more effectively than all previous payment models. The risks of a means of payment will also be present to a certain extent with a payment solution based on cryptocurrencies. One of the main reasons for this is the high volatility of digital currencies.
Bitcoin & Co. will not be able to be a stable means of payment, as they are dependent on exchange rate fluctuations and price developments. If the price of a product today is 0.5 BTC, it can already be several bitcoins in a few days or only be worth 0.1 BTC. The whole price decision is completely dependent on the development of the exchange rates. Problems with a strongly fluctuating value of a means of payment exist on both the buyer and the seller side.
Bitcoin wants to counter the fluctuation susceptibility of so-called "stable coins". Here the price is not a relationship between supply and demand. A base value is used for the course formation. Some of the existing stable coins link the value to gold or fiat currencies such as dollars or euros. The digital currency "Libra" announced by Facebook is said to be linked to a base value consisting of several currencies and government bonds.
The volatility is one of several other problems. The slow transaction speed stands in the way of the spread of cryptocurrencies as an everyday means of payment.
Since with decentralized controlled currencies like Bitcoin every transaction has to be encrypted and additionally verified, the computing effort increases with the usage. Therefore, with some cryptocurrencies modified software is used to solve this problem for long transaction times the transaction volumes currently only make up a fraction of what the major credit card providers Visa and Mastercard are doing worldwide, but there is no real practical test.
Not every cryptocurrency has to become a globally accepted means of payment laughed There will be many more attempts in the near future to be better than Bitcoin. One reason is that creating your own cryptocurrency is not that complicated. There are service providers who take on the entire process for a fee, from the idea to an ICO to tradable coins.
Create your own cryptocurrency
The current cryptocurrency market is, regardless of whether there are 2500 or 5000 coins, more than well filled. The market is subject to constant changes, as new coins are launched almost every day and listed on the stock exchanges. A look at the bottom of a list of cryptocurrencies on one of the leading crypto market comparison portals shows that there are numerous coins that are listed on a stock exchange but have no real trading activity. If this continues in the future, they will be deleted from the exchange at some point.
One reason for the numerous coins and tokens at the more than 300 crypto marketplaces is that in principle everyone creates their own digital currency and can place on a stock exchange. Thanks to specialized online tools, it is quite easy to develop your own cryptocurrency. A good financial basis is required to place a token or a digital coin on a marketplace.
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Utility and security Token creation with different efforts
For experienced users with a certain routine, their own cryptocurrency can be completed after 30 minutes. An inexperienced user without special previous knowledge takes around an hour. Creating and placing your own currency is generally legal. The investments are manageable. There are some restrictions, because a token is created.
If an ICO is to be created, the effort and costs are much higher. In addition, there are numerous statutory provisions to be observed. On average, an ICO costs from 15,000 to 80,000 euros for a security token, depending on the complexity and legal requirements. In addition, there are the fees for listing on the crypto exchange and possibly other trading fees. The fees are also not without and reach exclusive contracts with one of the leading marketplaces for one million euros and more.
The Bitcoin development code is an open-Sorce code and is therefore accessible to everyone. Well-known altcoins such as Litecoin and Bitcoin Cash are based on the Bitcoin blockchain. An experienced developer only has to make a few changes to the core adjustments, repack everything for the desired purpose and work can begin.
ERC20 Standard Basis of many cryptocurrencies
The majority of the cryptocurrencies used today is not based on the standard of the Bitcoin blockchain, but uses the ERC20 standard. Almost 90 percent of the coins on the cryptocurrency list are based on Ethereum. The best known ERC20 tokens based on the Ethereum blockchain include Binance Coin, TRON (TRX), PAY, OMG, Golem and many more. For potential developers, the numerous tokens have the advantage that they can already find the necessary code at Github. To generate your own cryptocurrency, the code has to be adjusted a little.
It is not quite as easy with your own token to start in a real network. The start in the real network would mean for the coin that it would be live immediately. However, real ether is required for this, which would have to be purchased in advance. It makes sense to start in a test network, as there are free ethers necessary for the development to experiment with the token. The open source coin can then be introduced on the Ethereum blockchain and followed on etherscan.io.
It will be a little more difficult if the coin is to go live on a small stock exchange. Before the exchange listing, the token is checked for weaknesses and security concerns. If there are no problems, you can buy and sell your own tokens like other cryptocurrencies. If a user has purchased coins, he receives the corresponding amount of the cryptocurrency in his Bitcoin wallet or other suitable digital wallet.
For a professional project or your own ICO, the effort is many times higher and everything takes time, If trading on one of the exchanges is permitted, the coin will soon also be found on the CoinMarketCap portal in the cryptocurrency list. Around 30 million market capitalization would suffice to currently be a top 100 cryptocurrency.
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Trade cryptocurrencies with the broker
If you want to invest in cryptocurrencies, you have several options to choose from. In addition to buying a digital currency directly on a crypto exchange and mining cryptocurrencies, there is an alternative opportunity with CFD trading at a crypto broker. The broker buys and trades CFD contracts on cryptocurrencies instead of real coins. The advantage of CFD trading is that you can bet not only on rising but also on falling prices. This means that profits can be made with all course developments.
Opening an account with a broker such as IQ Option, Plus 500 or eToro only takes a few minutes. CFD trading can be tried out thanks to the free demo account. A digital wallet is not required as no real coins are purchased and kept. The broker cryptocurrency list is not particularly long. Trading opportunities are limited to selected digital currencies. Most of the portfolio contains a maximum of one to two dozen cryptocurrencies such as Bitcoin, Ether, Bitcoin Cash, Litecoin, Ripple, etc.
CFD trading with leverage means that large volumes can be converted with less capital investment. If the trade doesn't work, the capital invested and insufficient risk management also lose the entire account capital.
Conclusion on the cryptocurrency list: Large selection of coins, but little unusual
Within a few years, cryptocurrencies have often been mentioned in the financial news. On cryptocurrency market portals, the number of digital currencies is given as 2,500 to 5,000 coins. Anyone who takes the trouble there and looks for coins in the lower ranking list areas will hardly notice anything known. The numerous coins available are certainly not a sufficient reason for increased media interest. It is primarily the digital coins with the strongest market that regularly attract attention.
Existing interest shows daily trading turnover and rising market prices. Almost no business news does not report Bitcoin prices. The entire Bitcoin system is still in its infancy, so defects and inadequacies are normal. Among the top 100 cryptocurrencies should be one or the other coin that is suitable for a pure investment or for payments.
Cryptocurrencies cannot be acquired as a direct investment with the hope of an increasing market value. Coins already acquired can be traded against other digital currencies, for example on a crypto exchange (Binance, Bitcoin.de, Kraken, Bitfinex, etc.). Currency trading with a broker (eToro, Plus500, IQ Option, etc.) does not require the purchase of digital currencies. CFDs or
contracts for difference are traded. These enable a Bitcoin trader to participate in market developments, both upwards and downwards. Cryptocurrency trading is very risky and not recommended for beginners. The majority of traders lose money with CFD trading.
Brokers do not offer a demo account for a reason to try out the crypto CFDs. Trading can be learned like a craft. The time to act on the demo account will not be enough for a complete training. Only with intensive knowledge acquisition are unnecessary beginners mistakes avoided.
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