Cryptocurrencies are part of a very well-known digital economy system that many have looked into since its invention. It’s a wonderful medium of exchange that secures your transactions clearly and effectively. Unlike other services, cryptocurrencies will allow you to the bank without a third party such as PayPal or Bank of America.
Nowadays, there are a huge number of cryptocurrencies available to fit your needs. However, there are a few that stand out far above the others for their outrageously high value. Keep reading for a list of the ten most expensive cryptocurrencies in 2019. Aside from their value, these are also some of the most popular cryptocurrencies in the realm.
10 Bitcoin (BTC)
As of August 2019, a single bitcoin goes for over $11,300, putting them at the top of the list for expensive cryptocurrencies. It is with Bitcoin that the idea of cryptocurrencies became extremely popular and widespread. Created in 2009 by a mysterious individual or group only known as Satoshi Nakamoto, the currency has changed the world of finances. Overall, Bitcoins have a value of $41 billion, and the amount of currency is planned to be strictly limited to 21 million. Although the company has experienced bugs causing large malfunctions in the past (like the accidental creation of 184 billion BTC,) the order is always restored in the end.
9 Ethereum (ETH)
Although Ethereum’s meager 209 dollars per ETH may seem puny compared to Bitcoin, it’s still one of the most expensive cryptocurrencies currently available. Created for the purpose of smart contracts, Ethereum’s dream is to provide the ability to transfer car titles and trade stocks on their platform. The creators want people to have the option to offer all kinds of services without the interference of third parties. The overall value of Ethereum is believed to be over 40 billion dollars. Unlike other cryptocurrencies, Ethereum doesn’t currently have a numerical limit on the number of units of currency, so theoretically, miners can end up creating an extremely large supply.
8 Maker (MKR)
The price of Maker tends to fluctuate around $500, making it the third most expensive cryptocurrency available today. The creators advertise freedom from volatility, equal economic opportunities, and an asset-backed currency. Unlike other cryptocurrencies, Maker coins cannot be simply mined. However, they are available to purchase instead. A highlight of Maker lies in their well-established margin trading system, which is known for providing higher security coupled with lower prices when compared to other operations. Furthermore, Maker also separates itself from other coins by giving users the ability to vote to the borrowing system, making it highly popular on the market.
7 Bitcoin Cash (BCH)
Although the name may be confusing, Bitcoin Cash is a separate entity from Bitcoin, started by miners and developers that were concerned by the effectiveness and speed of the larger currency. Bitcoin Cash uses a different algorithm from Bitcoin, and is known to provide faster and cheaper transitions than that of Bitcoin. Currently, the price for Bitcoin Cash is about $320. Users love this currency for its higher block size limits, lower fees, and lower volatility. Overall, Bitcoin Cash has a value of a whopping $11.95 billion and remains as one of the most popular and reliable cryptocurrencies in the entire world.
6 Mixin (MIXIN)
With a current price of $223 per Mixin, the cryptocurrency is considered a very expensive asset. Although it is comparable in cost to other currencies such as Ethereum, Mixin differentiates itself in a multitude of manners. Firstly, Mixin is advertised to provide almost instantaneous transactions on their network. Not only will users be able to make transactions privately and securely, but they’ll also be using a very powerful currency connected with all twelve of the top blockchains, including BTC, BCH, ETH, SC, and XRP. As a final cherry on top, Mixin Messenger is a doubly encrypted service for users to communicate about detailed transactions.
5 Bitcoin SV (BITCOINSV)
Bitcoin Satoshi Version is actually a branch off of Bitcoin Cash, when a large faction strongly opposed certain upgrades to the system. The group managed to increase the block size from 32 MB to 128 MB, improving services and the effectiveness of the network. Currently, Bitcoin SV has a price of about 140 dollars, a tad behind Bitcoin Cash. However, don’t let the slight drop in price fool you. Bitcoin SV is still one of the most expensive cryptocurrencies by the unit available today. In fact, it is suggested that Bitcoin SV’s larger blocks will eventually allow for greater business usage than its counterparts.
4 Litecoin (LTC)
Although the price of Litecoin dropped tremendously, it’s still one of the most expensive cryptocurrencies out there at around 86 dollars. Furthermore, its power also rests in Litecoin’s reliability and lack of bothersome fees. In fact, Litecoin is one of the top cryptocurrencies in the world due to free payments and no chargebacks. The company manages this by keeping a public ledger of the transactions. Miners are attracted due to the 25 coins per block deal. Like other currencies, Litecoin set a strict limit on the number of units that will be allowed to exist. After 84 million Litecoins have been created (four times more than that of Bitcoin), production will cease.
3 Dash (DASH)
Dash prices always tend to fluctuate around 100 dollars, earning it a spot in the top ten most expensive currencies available. The company prides itself on being extremely convenient and reliable, allowing consumers to do just about anything that money can do for less than a cent in transaction fees. With Dash, you’ll be able to purchase airline tickets, pay bills, or use it for everyday spending. The currency also advocates for almost instantaneous transactions, making it even more simple for users to spend. Furthermore, the company offers not only online buying options but also apps and participating ATMs for your convenience.
2 Monero (XMR)
Monero is just a tad behind Dash, with a current price of about 90 dollars. It remains as one of the more popular cryptocurrencies due to its highly regarded privacy and flexibility. Monero prides itself on allowing users to be almost totally anonymous, guaranteeing the safety and reliability of the transactions that they provide. Furthermore, this expensive coin guarantees the money’s fungibility, blocking anyone from tracing the history of the coin and therefore making things a lot easier for the spender. Unlike most of the other currencies, there won’t be a strict limit of the unit amount of XMR. Instead, the supply is simply gauged to increase slightly year by year.
1 ThoreCoin (THR)
At a current rate of $1,930 per unit, ThoreCoin takes the silver on the world’s most expensive cryptocurrencies, although it isn’t nearly as popular as the others on the list. ThoreCoin is a very unique project that ties together a plethora of cryptocurrencies rather than other transactions. You can use ThoreCoin to purchase from a list of other cryptocurrencies, and you’ll get the benefit of reviewing all your investment options on one service. There will be a strict limit of only 100,000 ThoreCoins ever produced. Although that sounds extremely scarce, that’s actually exactly what the company wants in order to attract more interest.