Although the Bitcoin (BTC) price is still struggling to recover from a catastrophic 2018, a number of altcoins have seen some impressive gains this year, and some speculators are even predicting alt season. So with that said, let’s take a look at 2019’s top altcoin performers in the top 50…
6. VeChain (VET)
Current price: $0.005283
Jan 1, 2019 price: $0.003980
VET is the 23rd-largest crypto by total market cap, which currently stands at $293 million. It has seen gains of 33% for 2019 so far.
VET is now at its highest price level since the end of November. The most recent price spike, of around 17%, was on March 12. This corresponded with a peak trading volume of around $31.4 million.
The supply-chain focused crypto was launched back in 2015. Back in January, VeChain announced major partnerships with relevant companies including healthcare company Milly. VET has also been supported by leading storage solution Trust Wallet since February 28.
Current price: $3.78
Jan 1, 2019 price: $2.57
EOS is the 5th-largest crypto by total market cap, which is currently $3.4 billion. Since the start of the year, its price is up 47%.
The price has stabilized recently, but February saw some particularly big gains. After dipping throughout January, the price jumped by $1.23 over the course of the month. February 18 saw an increase of 22%, followed by another spike of around 15 percent on February 21 in the wake of news about a partnership with online forum platform Tapatalk.
Read more: Is Bitcoin at $1 million really possible?
4. Maker (MKR)
Current price: $705.24
Jan 1, 2019 price: $447.80
Ethereum-based token MKR is part of the DAI stablecoin eco-system. It is currently the 16th-largest crypto by total market cap ($705.8 million). 2019 so far has seen it increase in price by 57%.
February was a huge month for MKR, with the token peaking at $765.78, over double the price it was at the start of the month.
The success of MKR this year is primarily linked to that of DAI. MKR tokens are destroyed or created in order to maintain the stablecoin’s dollar peg, and they are also used to pay transaction fees on the network. Trade volume for DAI has surged throughout the year, peaking at $114.8 million back on February 28. 2 percent of all ETH tokens are currently being used as collateral for DAI loans.
3. Ontology (ONT)
Current price: $1.10
Jan 1, 2019 price: $0.59
ONT is the 18th-largest crypto by total market cap, which currently stands at $545.37 million. It has seen a 86 percent increase since the start of 2018.
Big fundamentals that could explain ONT’s price growth recently include a major distribution deal with MovieBloc, which corresponded with a 14% 24h increase, as well as a listing on the Bittrex exchange. Another major event was the release of its development platform on Google Cloud, which contributed to a 25 percent price increase for the 24h period.
2. Litecoin (LTC)
Current price: $59.48
Jan 1, 2019 price: $30.46
Litecoin (LTC) is currently placed 4th by total market cap, which stands at $3.63 billion. It has seen gains of 95% in the year so far.
A partnership with the UFC is one of the biggest fundamentals for LTC in 2019. It has also seen the implementation of MimbleWimble, a blockchain based privacy protocol with a focus on scalability along with support from the Spend mobile app. There is a mining reward halving coming up in August, which could also be playing a part in some of the price action.
1. Binance Coin (BNB)
Current price: $15.45
Jan 1, 2019 price: $6.19
Binance Coin (BNB) has been by far the biggest success story of the year so far, with gains of 150%. It is currently placed seventh by total market cap ($2.18 billion), leapfrogging both Tron (TRX) and Tether (USDT) in 2019.
The upcoming launch of Binance Chain and Binance’s DEX are significant factors contributing to the growth of the exchange’s native token. Even more significant is Binance Launchpad, a token sale platform that lets users trade BNB for newly-created tokens in new crypto projects, and prioritizes projects that integrate BNB into their eco-system. Binance has also had its scheduled quarterly coin burn, where it buys back BNB tokens in order to permanently remove them from circulation.
So, is alt season already here? Let us know in the comments!
Chepicap is here for you 24/7 to keep you informed on everything crypto. Like what we do? Tip us some Satoshi with the exciting new Lightning Network Tippin.me tool!