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2018 has officially come to an end, limiting one of the most difficult and frustrating years for cryptocurrency bulls to date.
After striking a market peak of $ 812 billion in the first month of the year, the cryptography market has plunged more than 84% to finish the year around $ 125 billion. With the two major cryptocurrencies, Bitcoin (BTC) is XRP, down about 75% annually, it is easy to understand why only an altcoin is currently positive in 2018.
Based on data from Messari, Bitcoin SV (BSV) is the only cryptocurrency in positive territory this year, and only because it was bifurcated a few weeks ago at an exceptionally low price. The rest of the encrypted market is in red.
While they are still largely under the water for 1 year, the following coins and tokens have outperformed the rest of the market.
Interestingly, the two best altcoins after BSV turned out token to exchange, Token Huobi (HT) and Binance Coin (BNB). In August, our analysis found BNB he had a lower beta compared to Bitcoin, suggesting BNB was the least risky choice at the moment.
Three of the top ten cryptocurrencies have a strong focus on blockchain gaming applications – with Loom Network (FRAME) and Decentraland (MANA) focused exclusively on games and TRON (TRX) recently adopting an aggressive strategy for onboard game developers with a $ 100 million of funds.
On the other hand, HODL's worst cryptocurrencies in 2018 turned out to be less reliable forks and several projects that suffered arrest during the year, such as SALT (SALT).
Perhaps surprisingly, the three worst cryptocurrencies of this year are not the biggest crap in the world, but rather coins that have been drastically overvalued during the January price peaks until the rationality has stabilized during the year. 39; year.
While it is difficult to predict where the encrypted market will go in 2019 (seriously; it's difficult), investors may be wise to wait for technical confirmation of a break in the encrypted market before investing. The year may end, but the crypto-bear market is entering its thirteenth month.
Other: 14 of the best actions in 2018
Interesting: the CEO of Binance on the future of cryptocurrency: "The industry will grow stronger than ever"
Disclaimer: the author of this article has participations in cryptocurrency that may be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct due diligence before making investments.
