The seven cryptocurrencies have a combined market capitalization of 48 billion U.S dollars, which remains peanuts for currency.
These coins are mostly preferred because one can use them to buy goods and services anonymously. They are thus commonly used in illegal online activities. Top 7 most valuable cryptocurrencies by market capitalization Bitcoin (XBT): A man by the name Satoshi Nakamoto is believed to be behind the creation of Bitcoin on January 3rd, 2009. The current #Market Capitalization of Bitcoin is $ 23.5 billion; its current price is $1992.43 while 16.3 million bitcoins are currently in circulation. Ethereum (ETH): Etherium was introduced on July 30th, 2015; its current market capitalization is $13.5 billion, its current price is $146.8 while close to 92 million Ethereums are currently in supply. Ripple (XRP): Ripple was released by Authur Britto, Ryan Fugger and David Schwartz in 2012.