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List Of Top Ten Cryptocurrencies As On 7 January 2018

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This week has seen a lot of growth for penny coins, the coins which are priced under $1 per unit, like Ripple (up 52% w-o-w), Cardano (up 44% w-o-w), NEM (up 77% w-o-w), Stellar (up 123% w-o-w), and TRON (up 352% w-o-w). These penny coins have helped bring the overall cryptocurrency market cap from around $572 Billion at the beginning of the week to its current all time high of $831 Billion (at the time of publishing this article). As the cryptocurrency market fetched huge return in the first week of 2018, here we are with the first list of top ten cryptocurrencies
The current surge in penny coins seems to be linked to newer cryptocurrency investors entering the space who are not familiar with the concept of market cap and want to make quick gains with cryptocurrencies. In the short to medium term, this trend could continue as investors are seeing huge gains in a short amount of time, but over the long term, only the coins with real world use are expected to survive.

Bitcoin (up 28% w-o-w) and Ethereum (up 48% w-o-w) along with other established coins like Monero (up 37% w-o-w) and Neo (up 46% w-o-w) started seeing steady gains this week as a lot of the money started flowing back into cryptocurrencies amidst lots of positive news. Big news outlets like CNN and MSNBC have added dedicated cryptocurrency discussions to their standard features and this helps familiarize a lot of new investors to the concept of cryptocurrencies.

List of Top Ten Cryptocurrencies as on January 7, 2018

KryptoMoney.com publishes a list of top en cryptocurrencies on every Sunday.

Source-Coinmarketcap

* Market Capitalization is calculated by multiplying the price with number of coins in circulation

KryptoMoney.com publishes latest news and updates about Bitcoin, Blockchain Technology , Cryptocurrencies and upcoming ICO’s.

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Gaurang Jain

Gaurang Jain is a recent CS graduate from the University of Ilinois, Urbana-Champaign who has been involved in the cryptocurrency space since mid 2014 having set up a small mining operation in his dorm room (yay! Free electricity). He has grand visions for the future of cryptocurrencies and believes that in time code will disrupt big corporations and intrusive governments in ways that we cannot even imagine yet. He loves the great outdoors and is always up for road trip and does stand up comedy on the weekends when he can get a spot.

 

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