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If you were narrowing your portfolio to the top 5 cryptocurrencies in 2016, here is how they would look with concise summaries:
1. Bitcoin (BTC)
Market Cap: Approximately $7 Billion (Dominant)
Tech Potential: Digital Gold / First-Mover Advantage
Social Influence: Global Reach / Institutional Investment
2. Ethereum (ETH)
Market Cap: Approximately $1 Billion (Rapid Growth)
Tech Potential: Smart Contracts / DApps
Social Influence: Developer Focused / Innovative
3. Ripple (XRP)
Market Cap: Approximately $200 Million (Stable #3)
Tech Potential: Instant Banking Settlement
Social Influence: Institutional Collaborations
4. Litecoin (LTC)
Market Cap: Approximately $180 Million (Proven Track Record)
Tech Potential: Fast Transactions / Scrypt Algorithm
Social Influence: "Silver to Bitcoin's Gold"
5. Dash (DASH)
Market Cap: Approximately $50 Million (Emerging)
Tech Potential: Instantaneous / Private Payments
Social Influence: Privacy Advocates
$BTC $ETH $XRP #LTC $DASH