The Crypto Chart Leaders Report 2019 : A Summary of the First 120 Days of Trading
The Best Performing Cryptocurrencies of 2019
For the Cryptocurrency industry, 2018 turned out to be a terrible year especially when Bitcoin value plummeted from the high ends of $20,000 to the lows of just above $3100.
This was not just about Bitcoin but other cryptocurrencies as well posted losses of 90% or more in 2018.
Despite this, 2019 has already shown great potential as the trends of most cryptocurrencies looks promising so far.
In fact, many investors are optimistic about crypto markets this year. And, if the market can maintain this upward momentum, then we may expect to see much transformation as the year continues.
Crypto Top 10 Chart-coinmarketcap.com
Here is a list of the best performing cryptocurrencies of 2019 that you should watch out for;
Binance Coin (BNB)
Binance coin is among the most promising cryptocurrencies in the market today. At the time of writing, Binance Coin is trading at $24.35 while it started the year trading quite low at about $6.19.
BNB has significantly outperformed most popular coins including Bitcoin. Currently, Binance Coin has a market cap of $3, 437, 7955,050 and a trading volume of $ 232,841,574 over the last 24 hours.
Analyzing the recent trends of BNB, it seems like a wise decision to invest and hold the coin for long-term, especially for small investors before it reaches the high ends of the likes of Bitcoin.
Litecoin is another promising Bitcoin alternative. In fact, it has made it to the top 10 cryptocurrencies by market cap. It has a $4,851,701,897 capitalization and a trading volume of $2,950,325,605 over the past 24 hours. Currently, Litecoin is trading at $76.95.
LTC has an average block mining time of 2.5 minutes against 10 minutes for Bitcoin. It aims at becoming the next shared payment facilitator as it has a more decentralized proof of work algorithm than Bitcoin.
Generally, most crypto enthusiasts and investors are very optimistic about Litecoin as its prices keep on rising.
Therefore, if you are considering investing in cryptocurrencies, Litecoin is the right investment decision for the long-term.
EOS is among the most affordable but promising cryptocurrencies in the market. As of 29th January 2019, it was trading at $2.26.
As the time of writing, EOS is trading at $5.25 with some crypto experts predicting that it will end the year at approximately $18.70, a 727% increase within one year.
EOS has outstanding functionality which is to thank for its growth. For instance, it's more scalable and fast than Ethereum.
Additionally, while the Ethereum network requires you to pay gas in order to use it, all the transactions on the EOS network are free and only take about 1.5 seconds.
The EOS network has enthusiastic and enormous community support and can handle up to 50,000 transactions.
EOS currently has a market capitalization of $5,075,226,388 and a trading volume of $2,274,769,764 over the last 24 hours.
Cardano was designed to function with smart contracts just like Ethereum.
It's among the most promising cryptocurrencies that aim at democratizing finance and the formation of a decentralized economy.
Unlike other cryptocurrencies, Cardano balances the needs of its customers with the demands of regulators.
Its mission is not to outdo the operations of banks and government; instead, it aims at working with them. It's very straightforward with achievable goals and has the most secure platform code.
Currently, Cardano is trading at $0.075606 with a market capitalization of $1, 960,235,226. At the end of January 2019, it was trading at $ 0.039.
Crypto experts predict that Cardano will increase with over 260% by the end of 2019. During its ICO launching, Cardano raised over $500 million in investment.
Despite the ups and downs on major cryptocurrencies in 2018, Bitcoin Cash price trends are looking great so far.
BCH, which is a fork of the Bitcoin Blockchain, has recently updated its website to enable more scaling, extensibility, and usability.
As of January 2019, Bitcoin Cash was valued at $112.72. Currently, BCH is valuable at $303.20 which is quite impressive. Despite the November 2018 fork that led BCH to slip into two-Bitcoin Cash ABC and Bitcoin SV, the coin is expected to rise further.
Bitcoin Cash has a market capitalization of $5,384,787,959 with a trading volume of
$1,408,861,682 over the past 24 hours.
Indeed, Bitcoin Cash like Bitcoin is a promising investment for the long-term.
Throughout its existence, Dash has shown much consistency in its growth. Dash is founded on Bitcoin’s code with enhanced transaction speed and privacy.
Dash has a faster processing power of up to 56 transactions per second as compared to Bitcoin which only processes 3 transactions per second.
Additionally, Dash transactions are instant thanks to the InstantX technology; it completes a transaction within 4 seconds while most transactions take an average of 15 seconds.
As of 29th January, Dash was trading at $69.8. Currently, it's trading at $122.43 with a market capitalization of $1,085,609,000 and a trading volume of $271,546,808 over the past 24 hours.
Monero was originally introduced in 2015 as the 1st legitimate privacy coin.
Monero is a popular choice for the dark web due to its use of innovative stealth addresses and ring signatures. This makes Monero one of the safest coins as all its transactions are untraceable.
Monero is designed with proof of work verification standards like Bitcoin. It has strong community support that is based on the principles of privacy and decentralization - these are critical values for crypto traders and investors.
As of January 2019, Monero was trading at $45.8. Currently, its value is $ 68.38 with a market capitalization of $1,186,358,453 and a trading volume of $150,112,543 over the past 24 hours which is quite promising.
Bitcoin celebrated 10 years in January 2019 since its foundation. Bitcoin, as the leading cryptocurrency on the crypto industry, has made some extraordinary progress since its landing.
For instance, in December 2017, Bitcoin reached its high ends of $20,000 followed by an extreme downturn up to about $3100 in 2018.
Considering that Bitcoin began the year at $3,746, it has demonstrated outstanding growth with a return of over 43%. Since April 2019, Bitcoin value has been averaging at $4800 - $5300.
As the time of writing BTC is up from this month average lows of $5000, and it’s currently trading at $5352.58.
Bitcoin as the largest cryptocurrency currency has a market cap of $94,525,773,609. According to cryptoanalysts and experts, there is a great fortune ahead of Bitcoin.
TRON is among the few ERC20 tokens that successfully made it to MainNet. Though its growth is still not the best, it has more than 300,000 accounts already.
At the moment, 1 TRX is trading at $0.025226 with a market cap of $1,680,873,047 and a trading volume of $434,784,734 over the past 24 hours.
TRON is a good investment option especially for investors with a shoestring budget.
Ethereum is one of the most promising and 2nd largest cryptocurrency on the market by market capitalization.
Ethereum currently has a market cap of $18,147,440,089, and it’s presently priced at $171.58. Over the past few months,
Ethereum has shown significant improvement despite its downturns in 2018. According to crypto experts, Ethereum price is expected to increase further as the year continues.
We are into the second quarter of the year 2019, and we have already witnessed rising trends of most, if not all cryptocurrencies' prices.
And, according to crypto experts and analysts, the recent growth in the prices of cryptocurrencies is expected to continue throughout the year 2019.
Gb Adolph Obasogie is the Founding Partner of Adolph Obasogie Profesional Services and the CEO of Harrison Global Capital.