Top 10 Cryptocurrencies You Should Know

Not all cryptocurrencies are created equal. Some feature amazing underlying blockchain technology behind its creation. Some were created ‘just because’, or as a joke. Some were part of an elaborate pyramid scheme. Some are pretty useless to keep as they are perceived as worthless – any cryptocurrency is only as valuable as the value assigned to it by a mass audience.
Like any other assets (think of stocks, or property), its price can rise and fall quickly, making them highly volatile and risky investments. Here are the top 10 cryptocurrencies and what they are known for.
Note: The ranking was taken from CoinGecko, a website that ranks cryptocurrencies by developer activity, community and liquidity. All figures are accurate as of mid-July 2016.
1. Bitcoin
The original cryptocurrency and the one that started it all, Bitcoin was created and released in 2009 by Satoshi Nakamoto, an anonymous figure. Bitcoin has the biggest market cap to date around $10billion, overshadowing all other cryptocurrencies in this list, combined.
For most people, an introduction into cryptocurrencies is an introduction to Bitcoin. Because Bitcoin has such a big reputation, all other cryptocurrencies are referred to as ‘altcoins’ – alternative coins because they are alternatives to Bitcoin.
Known for: being the first, easiest to get, widest acceptance