Billion Dollar Cryptocurrency Club

Billion Dollar Cryptocurrency Club

The cryptocurrency market is growing fast and it’s changing the world in several ways. Asian countries are now starting to accept Bitcoin as legal tender and understand the benefits it has. As of today, there is six billion dollar crypto currencies.

In a few months, this list might grow to seven or eight cryptocurrencies due to the increasing adoption rates by users. Here’s our guide to the billion dollar cryptocurrency club.


Bitcoin is one of the industry leaders; and by far, it’s now worth $2469 compared to the industry second which averages at $350. Bitcoin’s market capitalization has now reached over $39 Billion. It was the original catalyst for the digital currency market, the currency grew slowly initially as the darknet developed.

Even though the currency was boosted by illicit activity, the users quickly realized the potential that Bitcoin had.

This potential was noted by champions of more online security. Since the decentralized technology in bitcoins has a near-perfect ability to keep transactions verified and safe, there was no need for a central governing authority. The idea behind Bitcoin is that it’s a currency for the people made by the people.

Since it’s the most popular name in our billion dollar cryptocurrency list, you can be sure that it’s a safe investment which will only grow in the future. Even though Bitcoin suffers from high volatility, it’s important to note that this volatility is organic and a result of the market trade volumes.


Ethereum is the result of an innovative addition to the technology of Bitcoin, which was created by Vitalik Buterin. The Ethereum blockchain features a system of smart contracts and tokens. Smart contracts are a great way to keep promises and payments in check, which prevents fraud.

Another great feature that Ethereum has is tokens. You can issue tokens that represent a unit of value or an asset or share or you can build a central bank which can issue money.

The essence of the project is using the blockchain technology which works in a peer to peer fashion, thus eliminating the need for a middleman or the authority. Most applications today are centralized and you need to trust the authority which is in charge of the privacy or safety of your information.

In a blockchain based service, your private information, funds, and content all belong to you and therefore they’re as secure as they can be. That’s why Ethereum is one of the best-performing currencies in the billion dollar cryptocurrency club.


Ripple is a real time gross settlement system, currency exchange and a currency called a ripple (XRP). Ripple boasts “secure, instant and nearly free global financial transactions of any size with no chargebacks”. Currently, Ripple is the third largest cryptocurrency by market cap, after Ethereum and Bitcoin.

Ripple is a company that aims to help almost every stakeholder in banking today. Have you ever tried to send money internationally? Usually, banks can take 3-5 business days to transfer funds to other countries. That’s because there’s usually a lot of intermediaries that process your payment before it reaches the destination bank.

These intermediaries bring in a lot of variables, costs, and processes. Ripple is a solution that can help banks avoid intermediaries. You should expect to see this billion dollar cryptocurrency implemented soon in your local bank!


Litecoin is a digital currency that was founded by former Google employee Charlie Lee in 2011. The currency featured new technology that had decreased block generation line and reached a market cap of over $1 billion in 2013.

Litecoin’s market cap is over $2 Billion as of July 2017.

The currency will also have a maximum cap of over 84 million Litecoins, therefore, it has potential to be much bigger than Bitcoin. Litecoin also has better transaction times since it aims to process a block every 2.5 minutes compared to Bitcoin’s 10 minutes.

Litecoin also has almost zero payment costs which make the platform more attractive for users. Given all of these advantages, Litecoin is generally trusted in the market and thus is one of the safest investments in the billion dollar cryptocurrency club.

Ethereum Classic

Ethereum Classic is like the older brother of Ethereum. After the major hack of a decentralized VC fund on the Ethereum blockchain, the company had to update the block chains. Since they’re software, people were able to choose which blockchain they’d want to use.

The blockchain was split into Ethereum and Ethereum classic, Ethereum Classic being the older one. This was called a hard fork and is relatively problematic in a cryptocurrency. That’s because it divides the community into two distinct groups that differ on basic philosophies.

However, Ethereum Classic was able to make it to the billion dollar cryptocurrency club with a market cap of over $1.6 Billion. It’s one of the best performing crypto currencies just like its younger brother, Ethereum.


Dash has been part of the billion dollar cryptocurrency club for just a moment now. Dash is a decentralized business, that is, it runs independently of any organization and allocates budgets for marketing and development independently as well as pays existing employees automatically.

The company is the first decentralized and autonomous organization which has issued currency. As of June 2017, Dash is the 7th best-performing cryptocurrency in terms of volume. The Dash is quite trusted in the cryptocurrency industry due to its independence from power and full decentralization.

Unlike Ethereum, Dash prices don’t usually crash over rumors. It’s been averaging about $150, growing from  $0.10 per unit to $1.1 Billion market cap. Therefore, it’s also a very reliable currency that one can invest in and not worry about the future.


NEM is a blockchain project that isn’t just a currency. The NEM platform has a payment system, messaging system, asset making, and naming system. NEM is all about the different applications of block chains that can help change the way we do things.

NEM is a peer-to-peer cryptocurrency similar to Bitcoin, based upon block-chains which can be used to carry out transactions online. NEM also has a system that allows users to build applications just like Ethereum. However, the NEM team is confident that it’s much easier to build applications on NEM rather than Ethereum.

So, you can definitely expect an uprising of decentralized applications running on the NEM blockchain. It’s much better to use than Ethereum. NEM makes this claim by stating that it can be scaled up to hundreds of transactions a second whilst Ethereum can only manage about 15 per second.

There are clear advantages to using this billion dollar cryptocurrency rather than Ethereum since it’s easier to use and much more scalable in the future. Scalability is important since blockchains will soon be all around us. In order to handle so much data, block chains need to be efficient and have the scope of scaling up fast.


Now you have a general overview of the seven currencies that make up the billion dollar cryptocurrency club. It’s impressive to see that the total coin market is now approaching $100 million. This shows an increasing rate of adoption by people who were uninterested earlier.

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About Article Author

Michael Serrano
Michael Serrano

Michael is an engineer and a bitcoin evangelist. He has been involved in cryptocurrencies since 2013. His biggest wish? 1 billion users of bitcoin, ether and litecoin by 2020. In the last 10 years he has worked for various early-stage start-up as a back-end developer.

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