Freehold, New Jersey resident Robert M. Ryerson is a Certified Financial Planner at New Century Planning. Knowledgeable on various investments including alternative assets like cryptocurrencies, Robert M. Ryerson speaks at educational seminars about the different types of digital cash technologies. Below are four top cryptocurrencies in the world as of the first quarter of 2020:
1. Bitcoin – Established in January 2009, this was the first decentralized peer-to-peer electronic cash system. It is also the most popular with a market cap north of $121 billion.
2. Ethereum – Founded by Vitalik Buterin, this cryptocurrency was launched in July 2015 based on the founder’s belief that there was a need for a new peer-to-peer platform with a more general scripting language allowing decentralized apps to be built and run around it. It has a market cap of slightly over $14.9 billion.
3. Ripple XRP – Developed by the Ripple Company, this is a real-time global settlement network facilitating instant, low-cost, and transparent international payments. It has a market cap of about $7 billion.
4. Tether – One of the first cryptocurrencies to peg themselves to an actual currency or other tangible assets, Tether was launched in 2014 as a platform to support the use of paper currencies in the digital sphere. It has a market cap of over $4.6 billion.