With so much focus on bitcoin lately, we’ve added a new weekly update that tracks the three largest cryptocurrencies by market share: bitcoin, Ether, and Ripple.
This version of the original article, by Jill Mislinski, has been edited* here by munKNEE.com for length (…) and clarity ([ ]) to provide a fast & easy read. For the latest – and most informative – financial articles sign up (in the top right corner) for your FREE bi-weekly Market Intelligence Report newsletter (see sample here)
According to Wikipedia, a cryptocurrency is “a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets.”
- Bitcoin is the world’s first cryptocurrency and decentralized digital currency. The first bitcoin transaction occurred in early 2009 and has since grown worldwide.
- Ether is another cryptocurrency run on the Ethereum blockchain platform and has the second largest market share, despite being the newest of the three with its launch in July 2015.
- The third largest market share of cryptocurrency, XRP, is owned by Ripple and launched in 2012.
Here are all three cryptocurrency prices over time along with their trading volume. (Data for all three is sourced from Coinbase.com and by request, we have shortened the time frame for a more recent picture.)
We have also created an index in order to chart these together given their very different pricing history. Notice that Ether tops the chart – the price of an ether has changed the most out of all three cryptocurrencies.
(*The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.)
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