At Coin Rivet we’re all about making things simple for the average person. Part of that understanding is looking at the trends in crypto price. We think looking at cryptocurrency values and how they change over time will add to our understanding of blockchain technology and cryptocurrencies.
We take the top 10 from our regular monthly analysis piece “Top 10 cryptocurrencies” which analyses and tracks the largest currencies by market capitalisation.
As well as this column, you will see the Top 10 crypto price detailed below distributed via our Twitter , Instagram & Telegram accounts. This article and associated social media content is not recommending specific currencies, trading platforms or whether you should invest in cryptocurrencies.
We’ve listed each currency vs US Dollars (USD) and have used prices from the same exchange wherever possible. All price movements are from Investing.com on 2nd August 2018 between 18.00 and 18.14.
US$ 7,572.50
One month down 2.04%
About Bitcoin
In August 2008, the domain name bitcoin.org was registered. On 31st October 2008, a paper was published called “Bitcoin: A Peer-to-Peer Electronic Cash System”. This was authored by Satoshi Nakamoto, the inventor of Bitcoin. To date, no one knows who this person, or people, are.
US$ 412.70
One month down 4.39%
About Ethereum
Ethereum was launched by Vitalik Buterin on 30th July 2015. He was a researcher and programmer working on Bitcoin Magazine and he initially wrote a white paper in 2013 describing Ethereum. Buterin had proposed that Bitcoin needed a scripting language. He decided to develop a new platform with a more general scripting language when he couldn’t get buy in to his proposal.
US$ 0.43615
One month up 0.22%
About Ripple
Ripple is a real-time gross settlement system (RTGS) developed by the Ripple company. It is also referred to as the Ripple Transaction Protocol (RTXP) or Ripple protocol. It can trace its roots to 2004 when a web developer called Ryan Fugger had the idea to create a monetary system that was decentralised and could effectively allow individuals to create their own money.
US$ 743.82
One month down 4.05%
About Bitcoin Cash
Bitcoin Cash was born out of the idea of making Bitcoin more practical for small day-to-day payments. In May 2017, Bitcoin payments took about four days unless a fee was paid which was proportionately too large for small transactions. A change to the code was implemented and Bitcoin Cash was born on 1st August 2017.
US$ 7.1607
One month down 1.05%
About EOS
The EOSIO platform was developed by private company block.one and released as open source software on 2nd June 2018. One billion tokens are being distributed on the Ethereum blockchain by block.one. EOS is based on a white paper published in 2017 and the CEO of block.one (Brendan Blumer) announced it will be supported with over $1 billion.
US$ 0.2655
One month down 4.81%
About Stellar
Stellar was founded in 2014 by Jed McCaleb and Joyce Kim. At launch it was based on the Ripple protocol but the network eventually forked. Stellar is an open source protocol for exchanging money where servers use the internet to connect to and communicate with other Stellar servers, forming a global value exchange network.
US$ 76.90
One month down 2.41%
About Litecoin
Litecoin was released in October 2011 by Charlie Lee, a former Google employee. It was a fork of Bitcoin with the main difference being a smaller block generation time, increased maximum number of coins and a different script-based algorithm.
US$ 0.1329
One month down 6.17%
About Cardano
Cardano claims to have tried to change the way cryptocurrencies are designed and developed, balancing the best of the functionality of several cryptocurrencies into one coin. The project began in 2015, the work of a global team of scientists and academics. ADA was released in September 2017.
US$ 0.8974
One month down 5.08%
About IOTA
The IOTA Foundation was incorporated in Germany as a non-profit corporation. The Foundation is “dedicated to building sustainable ecosystems around IOTA to accelerate its development and commercial adoption as an open source technology”. In November 2017, the Foundation had a US$100 million fund to promote IOTA use.
US$ 0.9985
One month up 0.05%
About Tether
Tether was issued on the Bitcoin blockchain. In their own words “Tether converts cash into digital currency, to anchor or “tether” the value of the coin to the price of national currencies”. So, the value is meant to mirror that of the US dollar and each unit of Tether is backed by $1 held in reserve. One of the main uses of Tether is to facilitate trading between cryptocurrencies with a rate fixed to the US$ allowing traders to take advantage of trading opportunities.
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