The Winklevoss twins, famous for suing Mark Zuckerberg, turned into Bitcoin’s first billionaires after the cryptocurrency breached the $19,000-mark. Back home, actor Amitabh Bachchan minted a fortune briefly — $17.5 million — after investing $250,000 in a Singapore-based company, which describes itself as “a blockchain technology empowered solutions provider” that offers microfinance using “crypto currencies”. A roundup of other digital currencies and how much they are worth.
Price: 1 ETH = $774.77
Market cap: $74,823,618,581
Ethereum ranks second only to Bitcoin in the virtual currency market. The open source blockchain-based system was founded in 2013 and has high demand among developers, who used it as a payment method to develop and operate applications within Ethereum through the ether cryptographic token.
Market cap: $9,475,298,992
The nearly four-year-old open source peer to peer cryptocurrency, which was initially released as XCoin, increased 107 fold within a year. The currency provides instant as well as private transactions and has a self-governing and self-funding model that motivates individuals and businesses to do work that benefits the community.
Market cap: $43,667,151,463
Unlike other digital currencies, Ripple works on the element of trust. It also doesn’t require mining. It enables instant, low-cost international payments. Launched in 2012, the currency exchange is apparently transparent and offers cross boarder payments in real time.
Market cap: $15,490,499,258
Launched six years ago by a former Google employee, Litecoin is a variation of Bitcoin but with decreased block generation time, increased maximum number of coins and varied algorithm. While it’s seen healthy growth in recent times, Litecoin founder Charlie Lee recently announced that he was selling his stake in the digital currency. He claimed “a conflict of interest” as the reason to divest from the currency. Seen as an uncommon incident, the news has been received with a lot of scepticism about Litecoin’s future.