Top 10 Cryptocurrencies In 2019 by ROI Doesn’t Include BTC In The First Half
- There’s less than a week left in 2019 but before we start a new year, let’s see which crypto assets ruled the market in the past year.
Bitcoin isn’t in the Top 5
The leading cryptocurrency Bitcoin surged to $13,900 level just at the mid of the 2019 a level that was last seen in early January in 2018 when BTC was in a downtrend. On the uptrend, we see it in early December in 2017 which was the first time, we hit that level.
Bitcoin, however, couldn't sustain this level and soon made its way to the downside and is currently trading around $7,300. We are, however, still up about 94% YTD that has it among the top ten cryptos with the best return on investment (ROI). But we still couldn’t make it to the top 5 and are lower at 7th spot.
Trader NebraskanGooner shared through on Twitter,
Top 10 #crypto returns on investment over the past year:
Whoever told you crypto is dying was wrong.
— NebraskanGooner📈 (@nebraskangooner) December 26, 2019
Litecoin, VeChain, and RVN
With 32% gains, Litecoin is in the tenth spot that experienced its second reward halving. In 2019, after the reward having, the hash rate tanked while in a sudden move the transactions shot up.
In Sept., it has been one of the worst performers only to break the yearly high. While the crypto asset made “great progress” on the implementation of Mimblewimble, the Litecoin network also suffered from dusting attacks.
On 9th and 8th spots are VeChain and RavenCoin with 34 and 57% ROI receptively. This year we saw VeChain releasing a new blockchain tracking solution for food and beverages. VeChain partnered with Walmart, BMW, Haier, and the Republic of Marino as well. The company also announced a VET buyback program that resulted in $6.6 million of its token getting stolen.
This is what the start of the mass adoption of #blockchain technology looks like.
— VeChainInsider (@vechaininsider) December 8, 2019
The Key Player of the Fastest-Growing Company in Crypto Space
One step above Bitcoin is BNB, the native token of leading cryptocurrency exchange Binance which is up 135% in the past year.
At one point, BNB has been up 500% which is kind of a no-brainer because it is the center point of the fastest growing platform of crypto space. From Binance Chain, Binance DEX, IEO, to trading fees, the actually usable asset is everywhere on Binance exchange.
Economist & trader Alex Kruger on what got Binance so popular among people in a Feb 2019 Tweet,
Binance is an exchange launched in H2'2017 that helped people gamble on shitcoins and lose a lot of $.
However, people LOVES Binance. While most crypto companies are in fact deeply disliked.
— Alex Krüger (@krugermacro) February 16, 2019
CEO CZ himself, customer service, perception of funds safety, great product, user-friendly, community outreach, transparency, marketing, mobile app, innovators, volume/liquidity, pumps, lots of coins, low fees, BNB, trading profits, not spooked by regulators, and pushing global adoption are some of the reasons behind Binance and BNB’s success.
The Exchange Token
Yet another exchange token. Exchange tokens have been the norm of the market in 2019 which has been outperforming the other cryptocurrencies by a wide margin.
The Huobi exchange native token Huobi Token (HT) is at the 5th spot with 159% gains. One of the oldest crypto exchanges, it reduced the supply of its token in July this year by burning a whopping 14 million HT tokens in its quarterly burning event, which has been at a rate that was 116% greater than its previous quarter.
The Hottest One
Currently, the hottest cryptocurrency in the market is Tezos whose more than 70% of circulating supply is locked due to staking. Up over 179% over the past year, this year, the top exchanges like Coinbase, Binance, and Kraken introduced baking on XTZ that had its price shooting up.
Staking is expected to see much growth in the coming year with Caleb Kow, CEO of Tezos Southeast Asia himself predicting,
“Many who never came from the POW world would also start to explore staking for the first time and enjoy the seamless process.”
The Top 3
Centrality (CENNZ) recorded an ROI of 290% which is yet another token in the staking game.
Chainlink (LINK) is at the 2nd spot with 483% gains. This year LINK went into partnership with Binance, Deutsche Borse, Intel and got listed on Coinbase. LINK price’s “Parabola meme (meanwhile is) still intact” says trader Scott Melker but if it breaks, according to him we can expect at least a 40-50% drawdown.
The ruler of the market is EDUCare (EKT) which has been up a whopping 1,300 percent.