Enter Details

Comment on stories, receive email newsletters & alerts.

This is your permanent identity for Business Insider Australia
Your email must be valid for account activation
Minimum of 8 standard keyboard characters


Email newsletters but will contain a brief summary of our top stories and news alerts.

Forgotten Password

Enter Details

Back to log in

There Are Now At Least 14 Digital Currencies Worth More Than $US1

MastercoinGoogle ImagesThe Mastercoin logos

At least 14 digital currencies, including Bitcoin, are now worth more than $US1, according to

Bitcoin prices on the Mt. Gox exchange have climbed back up to $US800. Litecoin, which bills itself as the “silver” to Bitcoin’s gold and is often accepted by retailers taking Bitcoin, surpassed $US1 months ago and now stands at $US24.

But many lesser-known currencies have broken through the $US1 threshold.

While Litecoin has the second-largest market cap behind Bitcoin, it is Mastercoin, a cryptocurrency created in October that integrates with Bitcoin’s core protocol to make it safer as well as more flexible, that is now the second-most-valuable alt-coin. One Mastercoin is now worth $US180.25.

Next up is Bitbar, an alternative currency initially created to be “ultra rare” and thus climb in value with the goal of drawing attention to the digital currency world. One Bitbar is now worth $US44, though the project seems to have gone dormant.

For all the press its recently received, Dogecoin fails to make this list, its value stuck at $ 0.00045.

Anyway, each of the ones worth more than $US1 have thus climbed in value for their own intrinsic reasons. They also remain extremely volatile, and there’s no way of telling which ones will see breakout surges or collapses.

But it shows that society is starting to place intrinsic value in the concept of a digital currency — providing some context for this weekend’s digital currency debate between Paul Krugman and Brad De Long.

Full list:

Bitcoin: ~$800 (Mt. Gox price)

Mastercoin: $US180.25

Bitbar: $US44

Litecoin: $US24.15

Protoshares: $US19.59

Novacoin: $US13.72

Unobtanium: $US6.30

Namecoin: $US5

Anoncoin: $US4.61

Peercoin: $US4.28

Primecoin: $US2.68

Franko: $US2.31

Cryptogenic Bullion: $US2.21

Diamond: $US2.20

Now read: Everyone Who Believes In Bitcoin Should Try To Answer This Question

Follow Business Insider Australia on Facebook, Twitter, and LinkedIn

Tagged In