Bitcoin may be king, but Ripple dark pony te crypto wedren, Reuters

Bitcoin may be king, but Ripple dark horse in crypto race, Reuters

(Reuters) – Bitcoin wasgoed the strak of the white-knuckle rail that cryptocurrencies suggested te 2018 but lesser-known names, such spil Ripple and Ethereum, are seen gaining prominence ter 2018.

While bitcoin leaped more than 1,200 procent last year, Ripple, created by the founder of bitcoin exchange Mt Gox, surged 35,000 procent ter the same period.

That means $100 invested ter Ripple te January 2018 would have grown to about $35,000 at the embark of this year.

To be sure, bitcoin is still the thickest cryptocurrency by far – with market value exceeding $250 billion – and is expected to keep that mantle ter the months to come.

Here is a list of the top Ten cryptocurrencies – including bitcoin – and how they performed te 2018:

Launched ter 2012, Ripple had a market cap of $91.79 billion spil of Tuesday, 2nd after Bitcoin. It is used by companies such spil UBS ( UBSG.S ) and Santander ( SAN.MC ) spil payment technology. Ter November 2018, American Express Co ( AXP.N ) also launched an instant blockchain-based payment system using Ripple.

Percentage build up te 2018: About 35,000 procent

Trading price spil of Wednesday: $Two.73

NEM (XEM):

Launched te 2015, NEM is a peer-to-peer cryptocurrency podium. It is used ter a commercial blockchain called Mijin, tested mainly te Japan, by financial institutions and private companies.

Percentage build up ter 2018: About 29,000 procent

Trading price spil of Wednesday: $1.27

Released ter early 2014, Stellar comes te at number three te terms of percentage growth ter 2018. Ter October 2018, Stellar and IBM entered into a overeenkomst aimed at improving the speed of global payments.

Percentage build up te 2018: Close to 14,000 procent

Trading price spil of Wednesday: About $0.76

Originally launched spil XCoin te early 2014, Dash got its name ter March 2015. It offers instant transactions. Transactions done with Dash get confirmed te seconds, whereas Bitcoin transaction can take up to Ten minutes to confirm.

Percentage build up te 2018: About 9,300 procent

Trading price spil of Wednesday: $1,162.84

Unlike Bitcoin, Ethereum&rsquo,s main aim is to operate &lsquo,wise contacts&rsquo,, instead of acting spil a form of money. Brainy contracts are scripts of code that can be deployed ter Ethereum blockchain.

Percentage build up ter 2018: About 9,200 procent

Trading price spil of Wednesday: $879.91

Introduced ter October 2011, Litecoin is very similar to bitcoin. It is number six ter terms of market cap, according to coinmarketcap.

Percentage build up ter 2018: About Four,800 procent

Trading price spil of Wednesday: $250.31

Cardano wasgoed founded ter 2014 and began trading on Bittrex exchange ter October 2018. Within three months, it has garnered a market cap of overheen $Legal.6 billion, to secure itself at the fifth position (te terms of market cap).

Percentage build up ter 2018: Close to Trio,000 procent

Trading price spil of Wednesday: About $0.99

Invented by an unknown person/group called Satoshi Nakamoto, Bitcoin wasgoed released te January 2009. Bitcoins are created by mining and wasgoed the very first decentralised cryptocurency.

Percentage build up ter 2018: Overheen 1,200 procent

Trading price spil of Wednesday: $15,003.90

Bitcoin Contant (BCH):

Born from bitcoin itself, Bitcoin Specie is a segregated version of bitcoin that wasgoed released on Aug. 1, 2018. Bitcoin Metselspecie wasgoed branched out to increase the blocksize limit to 8 MB and permit quicker transactions.

Percentage build up te 2018: Overheen 500 procent

Trading price spil of Wednesday: $Two,748.33

IOTA (MIOTA):

IOTA wasgoed introduced ter June 2016 and began trading on Bitfinex ter June 2018. With a market cap of about $11.Nineteen billion, it is ranked ninth, according to coinmarketcap.

Percentage build up ter 2018: Overheen 450 procent

Trading price spil of Wednesday: $Four.03

(For a graphic on Cryptomania, click reut.rs/2CLOAJk)

(Information compiled from Thomson Reuters gegevens, company websites, Coinmarketcap.com)

Compiled by Pallavi Dewan ter Bengaluru, Editing by Saumyadeb Chakrabarty

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