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Bitcoin may be in trouble, but there are a lot of cryptocurrencies that are improving compared to most of the last six months. Here is our in-depth look …
Six months is not much time in the big scheme of things. But in the crypt, looking back a half a year ago is like seeing a different world. We are on our knees in a rebel market right now. The coins are diminishing, down, down. Even the most optimistic investors are clinging for dear life and HODLing for rebounding, whenever that happens. It seems very far.
So which coins have had the most value, relatively, in the last six months?
This is what we have discovered. Our formula examines the relative market capitalization of the currencies from June to December, rather than the absolute capitalization of the market. This methodology allows us to see which coins have achieved the best yield among data sets covering six months. We are also focusing on coins that have increased their CoinMarketCap rankings to at least 20 positions.
There are no Bitcoins on this list. No Ethereum, Bitcoin Cash or NEO. No Stellar, no Monero and nothing Quantum.
A bear market promises to shake up fraud and those products built only on promises enhanced by "hot money", that is money from investors who invest in everything, regardless of their merit as a product. In theory this leaves only coins and teams with the best products
A couple of notes: we ignored the criptos without at least six months of history in the rankings.
Some coins that have not made the list, but have nevertheless obtained a good result starting from the Top 100 and increasing their relative double-digit market cap, are:
Maker (MKR), a non-profitable token based on Ethereum which is used for margin trading, up 19 positions from June to December
DigiByte (DGB), a Bitcoin-inspired payment network founded in 2014 that has more than 100,000 nodes worldwide and boasts a technology that is more scalable and superior than its best-known rivals, rising from 12th to 37th place
MaidSafeCoin (MAID), a pre-Bitcoin project started in 2006 and focused on autonomous and decentralized data storage on its SAFE (Safe Access For Everyone) network, up 14 places, from 73rd to 59th
CryptoNex (CNX), a cryptocurrency with a blockchain based on Proof of Stake, which is intended to be used to exchange any fiat currency in progress for crypto or token and as part of a debit card payment system, up to 17 points at 62 ° from 79th
Token Theta (THETA), a decentralized network that uses redundant computer memory and bandwidth as caching nodes for video streams, up 15 positions from 91st June to 76th December.
These are abnormal values. There are a lot of coins and tokens whose financial market has crashed as if they had been thrown down from a well. Only 18 coins or tokens in the June Top 200 have increased by 20 or more in this metric. Regarding the context, the currency in the list of the best 200 in June, which has fallen more since December, is AllSports (SOC), which started in 103rd place and has since fallen to 334th place.
Preliminary results
- To enter the top 200 coins by market capitalization in June 2018, the coins needed a minimum of $ 52 million in market capitalization. By December 2018, coins with market capitalization of only $ 13 million entered the top 200.
- In June, there were 23 currencies or tokens with a market capitalization of $ 1 billion. In December this had fallen to just 10.
- Only 4 of the first 100 coins in June have climbed 20 or more places. 14 of the 100 to 200 place coins have climbed 20 or more places since June.
- None of the first 46 coins in June had earned more than 20 places by December from the relative market capitalization.
- Each of the best coins or tokens has lost a significant portion of the price and market capitalization. This perhaps suggests that the projects themselves were wildly overvalued, in accordance with the ATH of Bitcoin and Criptovalute. However, this list shows projects that could be considered the most resistant, even in a declining market.
Beating the bears: results
Dogecoin (DOGE)
The meme currency is the best performing cryptocurrency with relative capitalization. In June it was the 47th largest, climbing 23 places on the list until December 24th.
DOGE Market Cap June: $ 412,781.022
June DOGE price: $ 0.0036
DOGE Market Cap December: $ 262,518,109
DOGE price: $ 0.00224
Market capitalization gain / loss ($): $ 150,262,913 LOSS
Market Cap gain / loss (%): 36.40% LOSS
Price gain / loss ($): $ 0.00136 LOSS
Price gain / loss (%): 37.79% LOSS
Dogecoin was started in 2013 by Jackson Palmer and Billy Markus, two crypto-evangelists who fell in love with an internet meme showing a breed of Shinu Ine dog from the thoughtful aspect.
DOGE uses a Scrypt Proof of Work algorithm to protect its network. This became extremely popular among the first users because it was relatively profitable to extract it even with a home computer.
It has a massive community of followers and developers. The subreddit of r / dogecoin is also friendly and active, where the tip of popular or useful posts with DOGE is common.
Basic Attention Token (BAT)
The second most powerful cryptography of the last six months is BAT. In June, it ranked 58th on the list by market capitalization, climbing 30 positions compared to December 28th.
BAT Market Cap June: $ 295,454,655
BAT June price: $ 0.29546
BAT Market Cap December: $ 207,877,985
BAT price: $ 0.17604
Market capitalization gain / loss ($): $ 87,576,670 LOSS
Market Cap gain / loss (%): 29.64% LOSS
Price gain / loss ($): $ 0.11941 LOSS
Price gain / loss (%): 40.42% LOSS
BAT is an ERC-20 token based on Ethereum that uses an open source privacy browser called Brave, as an alternative to Mozilla Firefox, Google Chrome or Apple Safari.
It was developed by a team that includes Yan Zhu, author of the main organization of W3C internet standards, to which he heads, the man credited with having invented the world wide web, Tim Berners-Lee
The idea is that the browser blocks all obscure tracking cookies that expose your IP address and personal data to unknown sources, instead linking advertisers and publishers controlled directly with their users, using the BAT token as a way to boost views or purchases.
When you download the Brave browser (free), you get 25 BAT (even free), which today (December 7, 2018) will be $ 3.25. There are 1.5 billion BAT tokens with a circulating offer of just under 1.2 billion.
Advertisers can buy BAT tokens and use them to place ads, while users are paid into BAT to view those ads. Publishers also get advertising revenue with BAT tokens.
Brave Payments allows users to tip content creators. This is a very common way to support a favorite Youtube channel, for example with small micropayments in progress or one-off.
A number of forward-looking publishers, including the British The Guardian, the Washington Post and VICE all accept BAT tokens.
QASH (QASH)
The third best-performing crypt for relative capitalization is QASH. In June it was at the 86th place, going from 29 to 57 in December.
QASH Market Cap June: $ 185,261,604
June QASH price: $ 0.52932
QASH Market Cap December: $ 76.568.463
QASH price: $ 0.21877
Market capitalization gain / loss ($): $ 108,693,141 LOSS
Market Cap gain / loss (%): 58.67% LOSS
Price gain / loss ($): $ 0.31055 LOSS
Price gain / loss (%): 58.67% LOSS
QASH is the ERC-20 token of the Quoine Liquid platform, which should solve liquidity problems in the cryptocurrency sector.
Because so many HODL people have their cryptic investments, when it comes to you that you want to sell, there are relatively few buyers able to do your job.
QASH is intended to allow you to buy cryptocurrency with pounds or dollars or any other fiat currency, as well as easily cash out the same currency.
Quoine has two main products: the World Book, which processes all exchange prices around the world and puts them all in one place for use; and Prime Brokerage, a platform to offer buyers access to all these exchanges without having to create a new user account on each one.
This company focused on the fintech was granted in 2017 by the concessionary of the Japanese market, the agency for financial services.
Electroneum (ETN)
The fourth best performing cryptocurrency for the relative market capitalization, ETN was down to 98th place in June, but in December it rose 38 positions compared to 60th.
ETN Market Cap June: $ 148,428,640
ETN June price: $ 0.02087
ETN Market Cap December: $ 73,209.634
December ETN Price: $ 0.00866
Gain / loss of market capitalization ($): $ 75.219,006 LOSS
Market Cap gain / loss (%): 50.68% LOSS
Price gain / loss ($): $ 0.0122 LOSS
Price gain / loss (%): 58.48% LOSS
ETN is the currency of Electroneum, a & # 39; mobile app available on Google Play that allows you to extract ETN using your phone.
Launched in January 2017 by the British entrepreneur Richard Ells, ETN is an instant payment app focusing on two main markets: Millennial entrepreneurs and customers not welcomed in developing countries
Beginning in October, he purported to meet all the common traditional regulatory functions necessary for mass adoption such as anti-money laundering (AML) and Know Your Customer (KYC).
ETN has over 1.5 million users for its platform, which is currently in beta. The full version was scheduled for the third quarter of 2018.
Factom (FCT)
Fifth on our list, Factom has climbed the highest number of seats in terms of relative capitalization – 53 to be precise. From the low 102nd of June, Factom is now in a much more presentable 49th.
FCT Market Cap June: $ 144,074,585
June FCT price: $ 16.47
FCT Market Cap December: $ 104,998.773
FCT price: $ 12.01
Market capitalization gain / loss ($): $ 39,075,812 LOSS
Market Cap gain / loss (%): 27.12% LOSS
Price gain / loss ($): $ 4.46 LOSS
Price gain / loss (%): 27.08% LOSS
Among the top five cryptocurrencies that outperform the bear market, the FCT has the lowest percentage loss on both price and market capitalization.
FCT is the currency of the Factom blockchain, which records data processed by security cameras and is intended to cut fake or spoofing that could bypass biometric scans.
In 2016, he won a $ 200,000 grant from the US Department of Homeland Security, which was announced in June.
Factom has hit some bumps along the way, but has some of the most impressive partnerships to talk about.
The best of the rest
Only 14 other coins or tokens have improved their market capitalization by 20 or more places in the last six months.
Holo (HOT)
Up to 44 seats from 105 to 61 is Holo, a decentralized cloud network for the development of dApp. It still lost 47% of its market capitalization at the time. Holo promises a number of use cases, including sharing patient data through systems and creating immutable digital identities for refugees or those fleeing violence in their countries where record keeping is not of the highest priority.
CERA (CERA)
WAX stands for Worldwide Asset Exchange and presents itself as the one-stop shop for video game bonuses, power-ups, skins and other popular exchangeable items. The price of the WAX has seen an incredible volatility and from our analysis has lost more than half of its market capitalization since June. Still, the idea seems to be healthy as it skipped 44 places from 111th to 67th in the last six months.
Chainlink (LINK)
LINK is known as the less volatile currency of the entire link, having lost only 8.93% of its market capitalization since June, and has the highest number of spots, at 65. Chainlink has a number high-profile partnerships on the stock exchange, including the SWIFT inter-bank payments network, which give it legitimacy that is not always present in smaller projects. Chainlink links external data to a specific blockchain to make smart contracts work with traditional programming capabilities such as APIs. In theory this allows data to move through heavily torpedoed blockchains and out in the real world. The 21st appears on the list of CryptoMiso projects with the largest number of Github commits in the last six months, suggesting that it is relatively well supported.
Decentraland (MANA)
Decentraland has jumped 61 positions since June, from 125 to 64. It is essentially a virtual world for players where you can buy portions of land and then buy and sell in a market. It was heavily criticized for its low number of daily users (which according to dAppRadar.com today is around 70) but has had good news in the form of a recent high profile list for MANA on Coinbase Pro.
Crypto.com (MCO)
Formerly called Monaco, Crypto.com wants to change the world by offering cryptocurrency debt cards that you can spend anywhere in the world, just like you would with standard plastic. They had to reject some allegations related to May. Since June, MCO has slipped into the top 100 coins, up 27 points from 126th, but has since lost most of our list, losing nearly two-thirds of its June price and market capitalization.
NEXO (NEXO)
NEXO, a loan company with cryptography, has launched marketing and advertising in recent months, exceeding 63 places in terms of relative capitalization. NEXO now has better name recognition in the crowded crypto market, but it still lost 64% of market capitalization by December.
Revain (R)
Review network based in Moscow Revain does not enter into this analysis with a strong brand, despite jumps of 80 positions up to 65 °, from a minimum of 145 °. At this point on our list we find ourselves in a much more limited market (about $ 66 million for Revain), so it may simply be the case to take time to break into popular consciousness.
Groestlcoin (GRS)
Another less known project, Groestlcoin has made a small improvement to its market capitalization position in June, from 21 places up to 142 ° from 163 °. At that time, the price and market capitalization of GRS decreased by over 70%. GRS claims to have private and instant transactions at no cost. If it is true, zero taxes should push this coin up to the top of our list. If it's true.
BOSCoin (BOS)
BOSCoin has jumped 52 places since June, reaching 117th place in terms of relative capitalization. The project itself claims to create a new way to implement blockchain contracts, using trust contracts instead of smart contracts. The development team is very much appreciated and has published some collateral projects including a mobile wallet and an open source consent protocol called ISAAC on Github.
Token SIRIN LABS (SRN)
Remarkable for the fourth largest ICO ever at $ 150m +, the Israeli company SIRIN produces FINNEY, a blockchain smartphone. Its CEO Moshe Hagog claims to have a backlog of 100,000 orders to be met, and this week a potential partnership with Taiwan's chip manufacturer Foxconn came out. Now just inside the Top 100 cryptocurrency by market capitalization, SRN has lost 42% of market capitalization since June, standing at $ 40.4 million.
THEKEY (TKY)
Verification Project ID THEKEY claims 23 author rights on its work, which focuses on liaising with government departments to protect personally identifiable information. Up to a respectable 133th place since the 174rd of June, THEKEY now has a market capitalization of about $ 23.3 million, although it loses 66% from the summer.
Genesis Vision (GVT)
Financial Trust Management Project Genesis Vision targets large-scale private investors – the type of whales in the real world – offering them a decentralized platform to help investment. Genesis Vision also appears at the top of the list of CryptoMiso projects classified according to the number of Github commits in the last six months, along with much more well-known teams such as EOS, TRON and 0x.
Dynamic Trading Rights (DTR)
A market for ERC20 tokens, dynamic trading rights are the end point of our list of cryptocurrencies that outperform the bear market. Up to 28 seats at 155 ° in December, the DTR still loses more than 69% of the price of its currency and its market capitalization.
Final thoughts
It is difficult to ask for positive results when looking at a sector where total market capitalization has fallen by 60% over the last six months, from £ 338 billion in June to just over £ 100 billion today.
However, our analysis shows that coins and tokens that outperform the bear market are those that have at least one of the following elements:
- Strong user community
- Easy to use and easy to understand with a simple to understand user interface
- Close relationships with the traditional government, or well-known companies or banking authorities
- Compliance with regulatory functions
There are some relatively unknown or under-promoted coins in the Best of the Rest, which are flanked by much more heavily marketed projects such as SIRIN LABS or Decentraland.
It is difficult to put aside the exact reasons for their leap in terms of relative capitalization. However, there are some strong projects that are receiving plaudits for the right motivations, such as high levels of Github commits, or partnerships in the real world.
Disclaimer: this article does not constitute financial advice. Always do your research.
