Cryptocurrencies have been all over the news lately with prices hitting new all-time highs (and lows). While some people are making a fortune from investing in cryptocurrencies, others are losing money. Here is a list of the highest to lowest priced cryptocurrencies as of January 9, 2018.Bitcoin is currently at $15,482.62 and has a market cap of $270 billionLitecoin is currently at $236.01 and has a market cap of $13 billionEthereum is currently at $1,118.68 and has a market cap of $ 116 billionRipple is currently at $2.30 and has a market cap of $92 billionBitcoin cash is currently at $3,461.05 and has a market cap of $ 61 billionCardano is currently at $0.63 and has a market cap of $ 16 billionNEO is currently at $162.45 and has a market cap of $ 10 billionStellar is currently at $0.62 and has a market cap of $ 9 billionIOTA is currently at $4.37 and has a market cap of $12 billion
As you can see, prices can range widely among different cryptocurrencies. Bitcoin, the most well-known cryptocurrency, is currently the highest priced. However, other lesser known cryptocurrencies like Cardano and IOTA are also up there in terms of price. It is important to do your research before investing in any cryptocurrency, as prices can be very volatile.
What factors influence cryptocurrency prices?
Cryptocurrency prices are influenced by a variety of factors. Some of the most important include:
Supply and demand. The basic economic principle of supply and demand also applies to cryptocurrencies. If there is more demand for a particular cryptocurrency than there is available supply, the price will go up. Likewise, if there is more supply than demand, the price will go down. News. Good or bad news can have a big impact on cryptocurrency prices. For example, if there is news of a new partnership or adoption of a particular cryptocurrency, prices will often go up. On the other hand, if there is news of regulation or hacking, prices will usually go down. Market sentiment. This is a measure of how investors feel about the market in general. If sentiment is positive, prices will tend to go up. If sentiment is negative, prices will tend to go down. Exchange rates. Cryptocurrencies are often traded against other currencies, so exchange rates can have an impact on prices. For example, if the US dollar is strong, Bitcoin prices will often go down since it takes more dollars to buy one Bitcoin. These are just some of the factors that can influence cryptocurrency prices. Prices can be very volatile, so it is important to do your research before investing in any cryptocurrency.
Which cryptocurrencies are most popular right now and why?
Cryptocurrencies have been around for a while now, but they have only become popular in the past few years. Bitcoin was the first and is still the most popular cryptocurrency, but there are now many different ones. Each has its own unique features and benefits.
Bitcoin. Bitcoin is still the most popular cryptocurrency by far. It was the first and is the most well-known. It is also the most widely accepted, with more businesses and individuals accepting it as payment all the time. Ethereum. Ethereum is a close second to Bitcoin in terms of popularity. It has many of the same features as Bitcoin, but also has some unique benefits. For example, Ethereum can be used to build decentralized applications. These are applications that run on the Ethereum network and are not controlled by any single entity. Ripple. Ripple is a popular cryptocurrency that is often used for international money transfers. It is faster and cheaper than traditional methods like SWIFT. Bitcoin Cash. Bitcoin Cash is a cryptocurrency that was created in August 2017. It is a fork of Bitcoin, meaning it has the same basic features but also some additional ones. For example, Bitcoin Cash has faster and cheaper transactions than Bitcoin. Litecoin. Litecoin is another popular cryptocurrency that is similar to Bitcoin. It has faster transaction times and lower fees than Bitcoin. These are just some of the most popular cryptocurrencies right now. There are many others, each with its own unique features and benefits.