Cryptocurrency is everywhere. People are talking about it in the news, on message boards, on social media, in documentaries, and on more podcasts than you can shake a stick at. At last count, there were over 1800 cryptocurrencies on the market today. There are so many that it’s easy to feel overwhelmed. Here’s a quick primer on a few of the most popular cryptocurrencies on the market.
Bitcoin is the cryptocurrency that started it all. Created by the mysterious entity known as Satoshi Nakamoto, Bitcoin was the first currency to be built on a blockchain and is the most popular cryptocurrency on the market today.
The max supply of Bitcoin is held at 21 million, and there are already over 17 million in circulation.
Bitcoin currently has a market cap of around $127 billion.
Ethereum is the second most popular cryptocurrency in the world and is often touted as Bitcoin’s main rival. Ethereum is fascinating because it was built to be a “super network” that allows other cryptocurrencies and apps to be built within its framework.
Currently, there is no limit on the supply of Ether available and there are just over 99 million coins in circulation today.
Ethereum currently has a market cap of around $60 billion.
Ripple is a cryptocurrency that shot to number 3 from out of nowhere. It’s similar to Ethereum in that while it is a cryptocurrency itself, it was created to solve a problem, namely slow bank transfers both international and otherwise.
There are nearly 40 billion Ripple coins circulating today with a total supply cap of 100 billion.
Ripple currently has a market cap of just under $24 billion.