There are multiple cryptocurrencies in the cryptocurrency market. Coinmarketcap.com tracks the market activity of 857 crypto currencies. Recently added cryptocurrencies in this market are AdCoin, OX Fina, Potean, Dalecoin, and ElectionChain. The website added 17 new cryptocurrencies on its platform in the past one week.
There are mineable and non-mineable cryptocurrencies; most crypto currencies are minable. Speculators prefer mineable cryptocurrencies as their prices have a high probability of rising because the supply of new coins will reduce. Small scale miners will be at a disadvantage when mining cryptocurrencies become hard over time. Large scale miners will benefit from economies of scale when the mining of cryptocurrencies such as Bitcoin becomes hard. Currently, the average return on investment when mining using cloud mining platforms such as Genesis mining is one year.
The prices of cryptocurrencies such as Bitcoin, Bitcoin Cash, Ripple Dash and Litecoin will continue to grow because these are top cryptocurrencies by market capitalization, they are reputable, they are minable, and they are accepted as a mode of payment by many merchants.
Cryptocurrencies are also expected to rise as mining them becomes difficult and as the supply of new coins continues to reduce.
