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Cryptocurrencies. A media outlet's analysis reveals that 2018 was the worst performing year for the top 10 cryptocurrencies. Some of these virtual currencies are Bitcoin, Ethereum, Stellar, and Litecoin and their previous year's performance was judged by the number of monthly green and red candles. The report finalizes that Bitcoin had the roughest time in 2018.
2018, Bitcoin's Worst Year Performance After 2014
In 2018, investors losses in Bitcoin amounted to 73% because this digital asset was trading around $ 19,000 in January 2018, but closed at $ 3,700. Bitcoin exhibited were 9, and the green candles were 3. Deductions were made from the highest number of red candles. Bitcoin has ever displayed.
2018's performance is 2014, the report notes. The digital currency's performance in that year was eight months. This is a cryptocurrency that is $ 730 at the beginning of 2014 but closed at about $ 4,000 leading to a 56% fall in price.
Stellar, Best Performing Crypto Based on Monthly Green Candles
Stellar (XLM), the seventh cryptocurrency with the largest trading volume based on coinmarketcaps data is reportedly the asset with the best performance from the number of its monthly green candles. The digital asset opened at a price of $ 0.35 and fell around $ 0.12 to give to 65.71% loss.
During the year, Stellar had seen at 53%, 103%, 44%, and 17% gain in January, April, July, and September respectively. As at press time, Stellar is trading at about $ 0.123 and has seen at 0.27% gain over the past 24 hours.
Ethereum's Poor Performance in 2018
Ethereum (ETH), the second largest cryptocurrency based on trading volume also had its worst run in 2018. This virtual currency had an opening price of $ 735 in January 2018 and as at press time, is trading at around $ 150. Its percentage loss since the start of 2018 to this time is 79.59%. There were three green and nine red in 2018.
Ripple (XRP) which gained massive adoption in the year. It closed at $ 0.39 at the beginning of the year. This digital asset also showcased two green candles which were in April and September.
Litecoin's Second Bearish Year
Litecoin (LTC) is also reportedly among the digital assets to be negatively impacted upon. 2014. Litecoin opened at about $ 23.80 and closed at $ 2.75 to give a loss of 88%. There were also two green candles in 2018 for this cryptocurrency.
Despite these price trends, crypto experts have made predictions that 2019 will be a better year for virtual currencies. In Weiss rating opinion, Bitcoin will see a new all-time high, and many altcoins' price will spike 20 times.
