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2020’s Crypto Performances: The Biggest Token Losers and This Year’s Top-Performing Cryptocurrencies

2020’s Crypto Performances: The Biggest Token Losers and This Year’s Top-Performing Cryptocurrencies

Digital currency markets have climbed significantly in
value all year long, despite the gloomy global economy and the
aftermath of Covid-19 responses. Bitcoin prices have been hovering
at values not seen since 2017, and the top crypto asset in terms of
market cap has gained a whopping 159% since January 5, 2020. In
fact, many crypto assets have seen spectacular 12-month returns,
and the following editorial is a look at the top crypto gainers and
the biggest losers in 2020.

This year has been a crazy one, to say the least, and while many
global economies worldwide shudder, the crypto economy is thriving.
Covid-19 and the nation-states’ responses to the virus, which
entailed shutting down large sections of the global economy and
locking down healthy citizens, wreaked financial havoc on the
masses.

Moreover, stocks, bonds, equities, and a myriad of traditional
commodities lost considerable value and on March 12, 2020, the
bottom dropped out on everything including
digital asset markets
.

However, cryptocurrency markets have persevered, and numerous
digital assets have outperformed nearly every
traditional investment under the sun. According to
data
from coinmarketcap.com’s historical snapshots, bitcoin
(BTC) was
trading for $7,411 per coin on January 5 and it has since gained
159% to-date.

2020’s Crypto Performances: The Biggest Token Losers and This Year’s Top-Performing CryptocurrenciesThe top ten crypto assets
back in January according to historical prices at the time.
Historical prices for this editorial were recorded on December 7,
2020’s opening crypto asset prices.

In fact, if one was to measure the crypto asset’s 2020 bottom
on March 12, otherwise known as ‘Black
Thursday
’ at $3,600 per unit, bitcoin (BTC) at $19,200 per
BTC has gained
a colossal 433% since that date.

Even though BTC is the top
blockchain in terms of market valuation, it was not the
top-performing crypto-asset during the last 12 months. Many other
top ten assets performed a whole lot better than BTC, even though these
specific digital currencies have not yet surpassed all-time price
highs.

2020’s Crypto Performances: The Biggest Token Losers and This Year’s Top-Performing CryptocurrenciesBTC/USD chart for the
12-month span on December 7, 2020. BTC has gained 159%
YTD.

For instance, historical snapshots from January 5, indicate that
ethereum (ETH)
was swapping for $136 per coin. Today with ETH prices hovering
around $595 per unit, the coin has gained 337% in value since
then.

2020’s Crypto Performances: The Biggest Token Losers and This Year’s Top-Performing CryptocurrenciesETH/USD chart for the
12-month span on December 7, 2020. BTC has gained 337%
YTD.

XRP did
better than BTC too, with a
12-month jump from $0.19 per coin to $0.61 a token giving XRP a 221% gain. On
January 5, Chainlink (LINK) was holding down the 20th largest
market cap position and was swapping for $1.81 per token. Today,
LINK is up 629% at a $13.20 price per unit, and chainlink has
captured the seventh largest position.

Cardano (ADA) holds the eighth
position this week, when back then it held the 13th position during
the first week of the year. On January 5, ADA was trading for
$0.03 per coin and it has since jumped 400% to $0.15 per coin. Out
of the top ten coin market caps, BTC, ETH, LINK, XRP, and ADA performed the best
in 2020.

Of course, a number of lesser known tokens saw some super large
gains in 2020, and a few dozen outpaced some of the top ten
performers by a long shot. For instance, data shows that during the
last 12 months against the USD, gamestars (GST) jumped over
68,999%. Following gamestars includes tokens like zap (ZAP 6,374%),
auctus (AUC 5,489%), aave (AAVE 5,121%), and starchain (STC
3,674%).

There were also a number of coins that lost over 90% of their
value in 2020, and some coins over 99%. This includes coins like
aleph.im (ALEPH 99.96%), kimchi.finance (KIMCHI 99.51%), orion
protocol (ORN 98.98%), and covesting (COV 97.96%).

Moreover, because of the last 12 months of issuance, top coins
like BTC have
seen market caps swell since the first week of January 2020. On
January 5, bitcoin’s (BTC) overall market
valuation was $134 billion and there were only 18.1 million
BTC in
circulation.

Today, BTC’s market cap has
increased by 164% and circulating coins have increased by
18,564,743 BTC
since then. Ethereum’s (ETH) market valuation
on January 5, was $14 billion and there was 109,157,039 ETH in circulation at
that time. ETH’s market
valuation increased 378% during that time frame, and coins in
circulation have increased by 4.19% to 113,735,027 ETH.

What do you think about this year’s crypto market
performances? Let us know what you think about this subject in the
comments section below.

The post
2020’s Crypto Performances: The Biggest Token Losers and This
Year’s Top-Performing Cryptocurrencies
appeared first on
Bitcoin News.

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Translator / 翻译者 / Traductor