2019-6-22 13:11 |
As everyone can agree, Bitcoin is the top and most valuable cryptocurrency in existence, and its price movements have always had an effect on the rest of the market. Just recently, Bitcoin price has surged to unexpected heights, prompting the whole market to shift and end the long crypto winter.
However, that’s not to say that Bitcoin has been the most profit-bringing investment, especially for the last 3 years. Far from it. A recent summary shows data indicating the performance of the top altcoins with respect to Bitcoin for the last 3 years ending on 31st May 2019. The results are astonishing.
Via Blockforce Capital Binance Coin Has ToppedTurns out, Binance Coin has been one of the most active cryptos in terms of price movement. In 2017, BNB came third behind Stellar (XML) and Ethereum (ETH), scoring a cool 6,238% price increase.
LTC, XRP, ADA, and TRX followed at positions 4,5,6, and 7 respectively. In 2018, things got hotter for BNB as the crypto topped the charts with more than 44% surge. TRX and XLM came in second and third with 12% and 7% respectively.
2019 was even better. Binance Coin (BNB), once again topped the charts at a whole 307% increase, LTC and EOS grabbing the second and third positions with 164% and 64% respectively.
XRPOf the 2 years, 2017 was the year for XRP. A look at the chart shared by the ‘Maker Princes’ shows a 33,117% spike for XRP back in 2017, making it the best performing crypto that year, but lost over 12% and 82% in 2018 and 2019 respectively.
One crypto fan sought to enquire on what could be expected of XRP by end of this year. Replying to that, the Maker Princes was quick to note that at the moment, no one really knows. However, a lot of people seemed very positive. Even Binance’s own Changpeng Zhao expressed his optimism, citing social norms.
The post The Relative Performance Of Altcoins Versus Bitcoin For The Past 2 Years appeared first on ZyCrypto.
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