The dawn of 2019 saw major developments for many of the top cryptocurrencies in their respective areas. However, these had not always translated to price fluctuations.
The massive pump in altcoins caused some people in the crypto community to term it as the “altcoin season”. This seems to be true as altcoins are pumping, while mainstream coins like BTC, ETH, and XRP are struggling to stay afloat.
Binance Coin is the top-performing coin in the top 10 cryptocurrencies list after seeing a massive pump of 170% since 2019. Considering the market at press time, the change in price was a massive 160%.
The community speculated that Binance Coin surged after the launch of Binance DEX. The coin continued to pump long after the announcement of DEX.
The silver to Bitcoin’s gold, and the fourth largest cryptocurrency performed better than its counterparts in 2019. The price of Litecoin saw an increase of 88.45% since the beginning of the year. However, if the peak of the prices were to be considered, the change would amount to 102.68%.
Litecoin adoption caught major traction in the crypto-verse after developers confirmed the implementation of privacy updates, including Taproot, MimbleWimble, and others.
Bitcoin was struggling to see an increase in price, but couldn’t stay above the major resistance level at $4,000. YTD change in the price of Bitcoin amounted to a mere 7.59% before the price rallied on February 24, 2019. However, the prices fell and continued the sideways movement. Bitcoin hit a maximum price change of 13.05% due to a spike on February 24, 2019.
Ethereum was doing slightly better than Bitcoin, as its price had gone up by 8.66% since 2019. The Constantinople update for Ethereum caused a stir in prices, but a major spike was seen on February 24, causing Ethereum’s maximum increase in price amounting to 28.59%.
The third largest cryptocurrency in the world performed worse than BTC and ETH. XRP’s price change in 2019 was -11.45%. The price of XRP, at press time, was lower than its 2019 opening price. Even when the collective market surged in February, XRP’s peak amounted to a change of only 0.24%.
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