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Top 5 Performing Cryptocurrencies in 2019…Know them

Posted on October 30, 2022 by admin

Top 5 Performing Cryptocurrencies in 2019…Know them

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Answer Top 5 Performing Cryptocurrencies in 2019…Know them

The total market capitalization of the cryptocurrency market has fallen from its high recorded in late June at $372 billion to $197 billion at the time of writing.

However, the performance of some cryptocurrencies was different and the exception was made, as some cryptocurrencies performed well despite opening the year with a downward trend, but they were able to perform well over the past 12 months.

In this topic we will learn about:

Top 5 Performing Cryptocurrencies in 2019

There are more than 50 currencies that performed well in 2019, but we chose the top five by taking the liquidity factor into account.

5- Bitcoin Cash:

BCH is currently trading at a positive 1.8% over the past 24 hours, BCH has climbed to the top five list.

Read:Learn about the new digital currency for trading between the United Arab Emirates and Saudi Arabia

BCH, the largest fork in Bitcoin, has reached nearly 40% during 2019 trading at $209 at the time of writing.

During the bullish phase in mid-2019, the coin soared to $484, hitting an annual high.

Despite the sharp rally into 2019, BCH is still far from all-time highs recorded in 2017.

It has fallen 93.6% since then.

BCH is the fifth largest cryptocurrency with a total market capitalization of $3.82 billion.

4- Litecoin:

LTC coin is one of the most interesting coins of 2019.

LTC successfully completed the reward halving and split from 12.5 LTC to 6.25 LTC in May, a move that saw the coin surge more than 100% in the month leading up to the event.

Finishing the mining rewards reduction (Halving) for Litecoin… and the price reacts to the news

LTC opened 2019 at $29.86 before rising to $92.76 in April.

Although the uptrend continued up to $141 (annual high), the bounce happened quickly as the coin lost over $100, to trade at $41 at the time of writing.

Read:JPMorgan Partners with DBS and Temasek to Launch a Blockchain Platform

Some traders attribute the sell-off to the overall market downturn and miners capitulating to profit from mined LTC, given the reward halving.

Litecoin is the sixth largest cryptocurrency with a total market capitalization of $2.7 billion.

3- Bitcoin:

Bitcoin started 2019 trading at key support levels at $3,500 and saw a continuous upward trend towards a two-year high, reaching as high as $13,893 in late June, rebounding to current support levels at $7,500, after failing to break through $7,650.

While the market is balancing at the key support levels at $7,200 at the moment, it appears that the market will decide its next stage at the beginning of 2020, with the potential to move towards $8,000 or $6,500.

Bitcoin is the giant currency that dominates 68% of the total market share.

Could the currency break through the 70% dominance next year?

2- Binance Coin “BNB”:

BNB’s stellar performance up to 2019 has all but eliminated any doubts about the coin retaining its top ten position in terms of total market capitalization.

The coin started the year at $6.08 and witnessed tremendous growth as it crossed the $39 value to trade at $39.68 on June 22nd, representing a gain of (5.5 x) in the first half of the year.

Read:Binance adds BUSD cryptocurrency to its lending program with up to 10% interest

BNB is currently trading at $13.80 and still enjoys an annual return of over 116%.

BNB is ranked eighth in terms of market capitalization.

With Binance getting more users and massively more product launches, 2020 looks bright for BNB.

1- Chainlink currency:

The legendary cryptocurrency for 2019 is Chainlink, which saw a surge similar to 2017.

The price rose nearly 1,500%, trading at an all-time high of $4.49 in June.

This is a 1448% increase from the $0.29 price recorded on January 1, 2019.

In addition, the currency ranked ninth among the top 10 largest cryptocurrencies, dropping at the time of writing this topic to rank 18.

Currently, LINK is trading at $1.88, which is a 580% increase since January.

The graphs are from the site coinmarketcap.com.

These were the top 5 best performing cryptocurrencies for 2019, will they last until 2020, or will other currencies emerge and take their place?

Read also:

Top 10 Unicorns in Cryptocurrency and Blockchain Technology


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