The cryptocurrency landscape is hugely diverse. With few barriers to overcome, pretty much anyone that understands blockchain technology can launch their own cryptocurrency if they are so inclined. There are currently more than 1600 cryptocurrencies listed on major, middle-sized and specialist exchanges.
Of those cryptocurrencies and digital tokens, it is fair to say the number that has any genuine significance can be reduced down to double figures. That smaller group can be boiled down again to the cryptocurrencies that are traded enough to have real liquidity or are regularly used to pay for use of a blockchain platform with utility tokens. In this category, we can probably include somewhere between 20 to 30 different digital currencies.
Since the start of the cryptocurrency phenomenon, the two most popular cryptos have been Bitcoin and Ethereum (Ether). In the last few years, Ripple XRP has cemented its position within the top 3. Ripple XRP even briefly exceeded Ethereum’s market capitalisation in September 2018 to become the second most popular cryptocurrency.