The top 10 cryptocurrencies in 2019. Where’s Bitcoin?
In 2019, after almost a year of “cryptocurrency winter”, the market finally recovered. Despite several minor and major market collapses this year, a few cryptocurrencies recorded above average results, including the largest one, Bitcoin (BTC).
In January 2019, shortly after the end of the “cryptocurrencies winter”, which lasted from December 2017, the market capitalization of all the crypto was only 127 billion dollars. By the end of June, however, the bulls had raised the market capitalization to a massive $371 billion. In the second half of the year, however, the rally started to fall quickly and almost all major projects started to slide down, with the result that by the end of the year the market was already below $200 billion.
Although the cryptocurrencies market was subject to considerable fluctuations in 2019, some cryptocurrencies recorded very high growths. Which ones?
The best cryptocurrencies in 2019. On the SNX, HEDG and LINK podiums.
When creating the ranking of the best cryptographers of the year, we took into account only projects with market capitalization over $100 million (according to data from CoinMarketCap), i.e. a total of 42 cryptographers – excluding stablecoins.
Synthetix Network Token (SNX) – 3249%
The cryptocurrency, which recorded the highest growth in 2019, turned out to be operating on the Ethereum token platform Synthetix Network Token (SNX). Since 1 January 2019 it has recorded an increase of astronomical 3249%. However, since the end of November, when the token reached its ATH of 1.57 USD, it has already dropped by more than 25%. Today, SNX costs $1.17, compared to $0.04 a year ago.
SNX is an ERC-20 token, which is intended to facilitate all native transactions related to the Synthetix exchange. In addition, SNX tokens are traded using the peer-to-contract model (P2C) and also used as collateral for assets called Synths that are used in the Synthetix Network.
HedgeTrade (HEDG) – 1169%
The second best cryptographer of the year was the HedgeTrade token (HEDG). During the year the price of the token increased by 1169%. Unlike SNX – the leader of this year’s increases – HEDG has been recording record-breaking increases since the end of November. Just a few days ago, the cryptographer recorded the highest price in its history, reaching 1.82 USD. Currently, HEDG’s price has fallen to USD 1.72, and was USD 0.14 a year ago.
The HedgeTrade platform and HEDG token are at the heart of the blockchaine system, which is designed to enable users to obtain high quality market forecasts for crypto and other assets.
Chainlink (LINK) – 556%
On the podium of the best coins of the year there is still room for the Chainlink (LINK) token. Although during the first few months of the year, the cryptocurrency grew relatively slowly, staying between $0.30 and $0.50, in early May the price went up and at the end of June the token reached a record $4.54. Although the price has fallen significantly since then, it still allowed the token to achieve an increase of 556%. For the moment, the current link costs USD 1.80, compared to USD 0.30 a year ago.
Chainlink is a decentralized platform based on blockchain Ethereum, acting as an intermediary software for smart contracts and decentralized applications, allowing to connect to external data sources. It has its own ERC-20 token called LINK, which is used to charge data providers for smart contracts.
Centrality, Tezos, Huobi Token and Binance Coin with an increase over 100%.
The cryptocurrency Centrality (CENNZ), or to be more precise, another token on the Ethereum platform, also achieved impressive growth. In 2019 it gained 290%, but since mid-November it has continued its downward trend. At that time, its price has already dropped by more than half.
Of the 10 largest crypts in terms of capitalization, Tezos (XTZ) did best in 2019. Since the beginning of last year, the price of XTZ has already increased by 183%. As one of the few leading altcoins, it has resisted sales pressure over the past months, recording its peak in December.
Huobi Token (HT) performed slightly worse. It is a token of the Huobi cryptic exchange, based on blockchain Ethereum. Despite the fact that since August its price has significantly decreased (by more than half), it still recorded an annual growth of 163%, which places it on the sixth place of the best crypto assets in 2019.
The last cryptocurrency that recorded an increase of over 100% last year is Binance Coin (BNB), a digital token based on the Ethereum network, created by the Binance cryptocurrency stock exchange – exactly 129%. It is worth noting, however, that for more than six months the token has been continuing the downward trend – since June, when it reached its ATH, it has already gone down by 66%.
Bitcoin in the top 10 best cryptovalent of the year. Increase of 98%
On cryptocurrencies list, which in 2019 recorded the highest increases, also included the oldest and most popular one, i.e. Bitcoin (BTC) – which has gained 98% since January despite many months of declines. In the top ten there were also less known projects Ravencoin (RVN) and Crypto.com Coin (CRO), which gained 77% and 71% respectively.
Among the leading altcoins, two-digit increases were recorded by Litecoin ( LTC) and Neo (NEO) and hard forks of bitcoin, Bitcoin Cash (BCH) and Bitcoin SV (BSV), although much smaller than the “benchmark” cryptocurrency.
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