LongHash Data Shows How Tokens Resurged After Prolonged Crypto Winter
Tokens Resurge After Crypto Winter
According to OnChainFX (one of the top digital asset metrics and ranking platforms which is used to track real transaction volumes of any crypto asset), data gathered by LongHash shows that most tokens have dropped about 50% since reaching their all time highs (ATH).
The Ethereum based ETHLend was the most surprising of them all. ETHlend uses the digital token as a form of collateral during transactions.
LongHash described ETHLend as a decentralized peer-to-peer smart contracts lending platform.
The Ether (ETH) based token became quite popular as investors used Ether (ETH) for smart contracts transactions which led to massive gains before the bear market hit.
Similarly, tokens like Ravencoin and Holo have remained at half their all time high values since the bull run of 2017.
The Binance Coin (BNB) And Chainlink (LINK) Growth
However the resurgence of the Binance coin (BNB) and Chainlink (LINK) came as a surprise to the crypto community as they both witnessed all time highs way higher than their previous ATHs.
Short Lived Bull Rush
According the the chart by LongHash, tokens witnessed their all time highs between December 2017 and January 2018, then dropped significantly. Many crypto investors as well as traders missed out on this bull rush as it was short lived and the “crypto winter” phase emerged.
On the 13th of June 2019, LongHash, sharing the significant growth of LINK, in a Tweet, said :
“Chainlink (LINK) is having a pretty good day”.
The Binance coin (BNB) and Chainlink (LINK) have done pretty well in recent times, which of course is in the pleasure of the crypto community.