Was 2019 a good year for cryptocurrency?
Cryptocurrencies are continuing to attract new investors in 2019. However, most beginners have difficulties finding the best cryptocurrency to invest in. There are a lot of things being said about the future of cryptocurrencies. Some people believe that the cryptocurrency phase won’t last long, while others think they herald the dawn the golden age of decentralization.
The year is coming to an end. At the same time, it is not only a new year but a new decade: the 20s. Reason enough to review the year and take a look at the best cryptocurrencies into 2019 and beyond.
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The best cryptocurrencies in 2019: BTC and BNB
Let us check the beginning of this year and compare it with the current situation. We faced a harsh crypto winter as prices crashed through the ground. In the course of the year, there was fluctuation and change in the ranking of the largest cryptocurrencies.. In the past days, there have been flipping again and again: Tezos (XTZ) had a strong performance and it even replaced Stellar and Cardano for 10th place. While Tether was still in 8th place at the beginning of the year, the Stablecoin is now already in 4th place and holds an outsized influence over the crypto ecosystem generally.
XRP and Stellar experienced up to 40% losses
As we can see, the ranking of the 10 largest cryptocurrencies in terms of market capitalization has changed in the course of the year: Bitcoin, Ethereum, XRP, Tether, Bitcoin Cash, Litecoin, EOS, Binance Coin, Bitcoin SV, and Stellar Lumens now lead the top 10 list.
The big winners of 2019 have been announced. Their names are Bitcoin and Binance Coin. While the largest and best-known cryptocurrency, BTC, almost doubled its market value, the Binance Coin NBB even managed to gain 150%. No wonder, when you look at the wealth of updates, enhancements and innovations that Binance has to offer. This is the second year in a row that the Bitcoin Exchange token has been able to take the top place and perform better than BTC every year.
However, 2019 hit two “old-established veterans” of the crypto market very hard: XRP and Stellar. XRP can defend third place but lost 38% over the year. Stellar however lost 40% of its total value.
Cryptocurrencies from 11 to 20 – Who wins?
If we look a little further down the list at the best cryptocurrencies in places 11 to 20, it’s possible to see what the fascination of crypto brings with it for many: the big numbers. There are some Altcoins that have been able to give an unbelievable performance over the year. If just to look at places 11 to 20, we see both old and ‘the new generation’.
11th place is Tezos. It was able to post a strong performance of 211% over the year. Before taking another look at the two big winners, let’s take another look at the losers:
On the one hand, Cardano and TRON recorded slight losses over the year. At Cardano, this is still within limits at -13%. Hopes and expectations here are particularly high for the coming year. Charles Hoskinson has already shown himself to be hyper bullish and wants to unleash the beast in Cardano. TRON does not look too good either with -27%. It looks less rosy for IOTA. While IOTA itself convinces with large projects, the coin and the technology still lack in particular an industrial-ready implementation. At -46%, the performance over the year is anything but pleasing.
The big winners of the Top 20 are Chainlink and Cosmos. Chainlink has had an incredibly strong performance and increased its value by 7 times. Even though this performance is already impressive, Cosmos, with its focus on the interoperability of blockchains, probably puts everything in the shade.
At first glance, with an exorbitant price increase of 314.462%, Coin360 showed an incredible performance but this was largely smoke and mirrors. A closer look will reveal that the coin’s annual performance is negative with -42%. Despite this early investors will still have taken heart at the 4764.25 price increase but now is not the time for investors to get on board.
(Featured image by Sharon McCutcheon via Unsplash)
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