In 2019 to date, Bitcoin price has registered an increase of 145% as it trades near $9,300 BTC/USD level. Unlike the leading cryptocurrency, top cryptocurrencies like Ethereum (34.7%), EOS (28.8%), Tron (1.08%), Cardano (0.82%), and XMR (32.39) are only green in the lower percentages.
So the altcoin total mcap has broken out of a 22 month downtrend and no-one wants to talk about it??🤦♂️ pic.twitter.com/Ln9Qs3JZG9
— KiwiCrypto (@jono_t2000) November 2, 2019
Here is how other popular crypto altcoins have been performing in the 2019 calendar year: XRP (-18.5%), IOTA (-23.11%), Dash (-9.91%), Ethereum Classic (-4.93%), Zcash (-34.74%), NEM (-35.55%), QTUM (-2.30%), OmiseGo (-30.60%), Lisk (43.51%), DigiByte (-30.91%), Waves (-74.13%), and many others are meanwhile deep in red in 2019.
In 2019, despite going through a bull rally in Q2 and then seeing another bout of a surge in late October, the majority of the altcoins have failed to show any progress.
During the recent spike in crypto prices, Chinese altcoins registered significant gains but even that hasn’t been able to provide much relief to the digital assets that have been down 90 to 95% from their ATH.
Davos Cryptos, community building of mobile wallet Bolt believes the next bull run is going to be a “crazy” one.
However, a handful of cryptocurrencies have already recorded tremendous gains this year.
Which coin will do a 100x in this bullrun?
— Crypto Sara (@AltcoinSara) November 2, 2019
According to Coincodex’s top 100 cryptocurrencies, with more than 1,500% of gains, Synthetix, Seele, and EDUCare are at the top.
One of the hottest cryptocurrencies of 2019 among the top cryptos is Link, the 15th largest cryptocurrency, which has seen a spike of 846% trading at $2.82. In July it was up over 2,000%.
Ravencoin is another digital asset that jumped 118% in 2019 to date currently trading at $0.03. However, in June it surged to $0.75.
A few other coins enjoying significant gains YTD are Matic Network (164.5%) and REN (114%).
— Crypto Sham (@CryptoSham) November 2, 2019
However, exchange tokens are outshining the top top altcoins with OKB of OKEx exchange leading this pack with over 370% gains while it trades at $3.25.
BNB, the native token of the leading cryptocurrency exchange Binance is up 235% YTD as it trades at $20.15. Similarly, Huobi Token (HT) of exchange Huobi is up 261% at $3.94 and KuCoin Shares (KCS) of KuCoin exchange has jumped 153%.
Just remember there are bitcoin maximalists who believe bitcoin is the one and only so be careful where you get your information from as some have motives and some have no care to entertain the rest of the cryptocurrency market, which accounts for roughly $82 billion as of November 2, 2019.
You know that one guy or gal that's in a relationship that's clearly wrong for them and makes every excuse in the world for their significant others' behavior?
The same psychology is working in altcoin holders.
— Jimmy Song (송재준) (@jimmysong) October 28, 2019
Whether you take that insight with a grain of salt or not, the truth is alts are poised and positioned to do a big run should the bitcoin rally take place too.
Now, it remains to be seen if any digital asset from the top 10 cryptocurrencies would register any gains this time or stay dormant. By many expert estimations, we are just under 200 days before the bitcoin mining halving as many predict the next six months to be an extremely bullish trend to unfold as the crypto market cap looks to break its previous high of just over $830 billion back in January 2018.